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Author Topic: Bitcoins is doomed to fail because everyone is hoarding, no one is spending.  (Read 1922 times)
gabgab
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June 07, 2011, 05:59:16 AM
 #1

as we all know bitcoins' supply is finite, so everyone out of greed hoard the things. they don't spend it at all, like a currency is supposed to be used for and so it will never become mainstream.

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MemoryDealers
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June 07, 2011, 06:04:27 AM
 #2

My vendors are now BEGGING me to pay them in bitcoins, and I am gladly doing just that!

realnowhereman
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June 07, 2011, 06:10:22 AM
 #3

Bitcoins are available to buy. Your assertion is wrong.

Hoarders reduce supply, which means supply and demand balance at a different (higher) price.  They always balance though.

That price may be seen at mt.gox.  Where you will find a volume considerably greater than zero for sale.

I'm pretty sure that what you mean is "boo hoo, Bitcoins were cheaper last week and I wish I'd bought more then".  Me too.  Cry me a river.

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Garrett Burgwardt
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June 07, 2011, 06:11:32 AM
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My vendors are now BEGGING me to pay them in bitcoins, and I am gladly doing just that!

Really? That's phenomenal! Cheesy
drugsmang
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June 07, 2011, 06:37:56 AM
 #5

I have noticed lately selling is instant where when I dumped 2500 in coins on MtGox before it usually took a few hours to complete the order, or days
MemoryDealers
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June 07, 2011, 06:48:55 AM
 #6

My vendors are now BEGGING me to pay them in bitcoins, and I am gladly doing just that!

Really? That's phenomenal! Cheesy

Not all of them yet,  but more and more each week.  One of them is considering starting his own RMB to Bitcoin currency exchange too!
Getting real busineses using bitcoins for day to day transactions is they key to bitcoin's long term success.

proudhon
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June 07, 2011, 06:51:06 AM
 #7

My vendors are now BEGGING me to pay them in bitcoins, and I am gladly doing just that!

Really? That's phenomenal! Cheesy

Not all of them yet,  but more and more each week.  One of them is considering starting his own RMB to Bitcoin currency exchange too!
Getting real busineses using bitcoins for day to day transactions is they key to bitcoin's long term success.

Are you still doing the NewEgg thing for bitcoin?  I'll be in the market for some new gear in the not-to-distant future.  Contrary to the deflation/hoarding stuff we hear around here all the time, seems to me people are doing more bitcoin-for-goods-and-services transactions around here than ever.
MemoryDealers
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June 07, 2011, 06:55:18 AM
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Are you still doing the NewEgg thing for bitcoin?  I'll be in the market for some new gear in the not-to-distant future.  Contrary to the deflation/hoarding stuff we hear around here all the time, seems to me people are doing more bitcoin-for-goods-and-services transactions around here than ever.

I would be happy to.
Email me anytime at roger@Memorydealers.com

tiberiandusk
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June 07, 2011, 07:03:15 AM
 #9

I have spent nearly every BTC I have earned.

Bitcoin Auction House http://www.BitBid.net BTC - 1EwfBVC6BwA6YeqcYZmm3htwykK3MStW6N | LTC - LdBpJJHj4WSAsUqaTbwyJQFiG1tVjo4Uys Don't get Goxed.
error
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June 07, 2011, 07:06:47 AM
 #10

I too spend my bitcoins. Smiley

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wangxinxi
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June 07, 2011, 07:27:29 AM
 #11

I'm also hiring on the website https://workforbitcoin.com
I spent a lot of bitcoins, and also get a lot of bussiness done very well.
carlerha
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June 07, 2011, 07:56:44 AM
 #12

as we all know bitcoins' supply is finite, so everyone out of greed hoard the things. they don't spend it at all, like a currency is supposed to be used for and so it will never become mainstream.
Wait and see. The moment people can expect new bitcoins flowing in with the paycheck each month, there be spendin'

bullox
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June 07, 2011, 08:13:09 AM
 #13

Every BTC I have mined/bought I have spent.  In addition, I am selling goods for BTC.  Get your OM NOM NOM on over here.

Those who hoard it would do well to spend and stimulate the budding BTC economy.  Smiley
Littleshop
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June 07, 2011, 09:36:07 AM
 #14

People are spending bitcoins on my site though I do find it to be faster when the price is dropping.

cryptoanarchist
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June 07, 2011, 09:59:12 AM
 #15

People are spending TONS of bitcoins on the Silk Road.
Joseph
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June 07, 2011, 12:25:33 PM
 #16

There's also a lot of trading going on on Bitcoin Classifieds!

Bitcoin Classifieds - The Biggest Bitcoin Classified Advertising Site
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