It was pretty obvious that Cloak is a risky investment driven by hype and depressions, hope and anger. But some people like to trade on such markets and take it for granted.
"BTC Needs hoarders and not users" can be just as true because if a bitcoiner decides to buy a compu from Dell with btc then Dell will dump those coins for fiat.
This is nonsense. BTC has been on $260 on Gox and then dropped back to about $70. It has dropped every year after reaching a new high and it will happen again and again.
A huge amount of bitcoins is used for buying other cryptocoins. It's almost the only thing I've used it for. Played some rounds on dragons tale but its a losing game.