Does hoarding really hurt Bitcoin?

[uszaty43]

Bitcoins are very different from real money, if i have bitcoins on my wallet, i dont feel that constant necessity of spending all my money on a shop or in a mall, i prefer to keep my bitcoins in there and i know that my money will always be safe on there because i would not be tempted to spending them.
but it doesnt affect the price, if you hold them, you are just keeping that amount and you are not dumping anything, i dont see it as a bad thing at all..

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[mOgliE]

Hoarding hurts bitcoin yeah but it does more good than harm.
When you hoard, you illogically raise the value of btc by adding value to the market that you just want to take back. You invest value in the hope not that the system is good, but that the system will still grow a bit more just so you take profit from it (a bit like a ponzi). So you're adding false value and when you'll take that value back you'll hurt the trust of investors.

But in the meantime you've helped attracting investors and most of the time they'll do more good than you

[CyberKuro]

Does hoarding really hurt Bitcoin?

Nope. Everyone is free to hoard. It's really stupid when people claim "if you just hoard it, and don't transact it, you are hurting bitcoin!". What the hell is this logic? It is my bitcoin, I do whatever I want with it. If I choose to hoard it then so be it. It is stupid to spend your high quality money that appreciates with time when you have bad quality money that depreciates with time (fiat) to spend things you can already buy with it. Hold the bitcoin, dump the fiat, that is what the intelligent people do. There's no point in doing payments in bitcoin unless you really need to (like paying an VPN service for example.)

For some people with big amount of bitcoin, it maybe yes due to they can dump bitcoin price instantly after some sell strikes within hours.
Consider how many bitcoins generated everyday; As of the latest block reward halving on 9th of July 2016 each block now generates 12.5 new bitcoins. On average a block should be mined each 10 minutes but, because of the constant growth of hashing power (at least until now) each block takes close to 9 min on average to be mined. That means we mine, on average between 1440/10*12.5 and 1440/9*12.5 so between 1800 and 2000 per day.
Miners could generate so many bitcoins in a day, and the big whales of this crypto world are the miners with mining pools.
They have to sell bitcoin everyday to cover their daily expenses, in that case, bitcoin distribute among the holders, investors or traders.
Fortunately, most people can't wait to extract profits by selling their bitcoins which make it distributed and spread widely, instead of just hoarding.

[Indrawan77]

It is not hurting bitcoin,  you make the bitcoin price become stagnant, without the transaction volume the price will become really stable and when it comes too stable then the traders can't trade it, hoarding means there are people buying bitcoin so when you buy and hoard you make the price go higher

[JMAHH]

While you are hoarding your bitcoins your own wallet you are protecting them from being dumped in some time, because you are the only one who has a full control of your own bitcoins.
I dont see anything bad with this, you are keeping those bitcoins and you are not selling them... And it is like an investment because it's price is always going up.
But holding fiat is not the same, maybe you are confused because of that.. quiet money in fiat is always a bad thing.

[EastSound]

Hoarding contributes to the movement since this actions tends to put no sell pressure to the buy orders which can put the value of it go higher.

[fabiorem]

No, quite the contrary, it is good for it, since it increases the price by decreasing the available supply.

If we consider its potential to become a global currency that would substitute fiat, bitcoin is still very cheap.

The more people hoards it, and the more the demand increases, the higher the price will go, and that is all we want.

[The Sceptical Chymist]

I have a different opinion. Hoarding is bad for bitcoin. The money should work. When bitcoins are in the wallets of users, they create a gap in the market and it stimulates the growth of prices. This has nothing to do with the real price. We must face the fact that the bitcoin price will fall to a reasonable level. It will be a shock to everyone who keeps the coins.

And I have the opposite opinion (ain't democracy great?).  It doesn't matter in the least if people hoard bitcoin.  Look at Satoshi's block--that's a hell of a lot of coin that's just been sitting there, not contributing to the crypto economy.  If anything, it's been a boon to the price.  And I would suggest that bitcoin is not a good currency, which is exactly why people are hoarding it and not spending it.  Well, that and the fact that it's deflationary.  I'm quite content to not spend it and I've no problem with people who do likewise.

And another thing:  does hoarding precious metals hurt the metals market?  Nope.  How about the market for rare comic books/coins/whatever?  Nope.  Hoarding only drives up the price.  And bitcoin shares quite a few attributes with metals.  Hoarding, it doesn't hurt anything.

[Silberman]

Does hoarding really hurt Bitcoin?

Nope. Everyone is free to hoard. It's really stupid when people claim "if you just hoard it, and don't transact it, you are hurting bitcoin!". What the hell is this logic? It is my bitcoin, I do whatever I want with it. If I choose to hoard it then so be it. It is stupid to spend your high quality money that appreciates with time when you have bad quality money that depreciates with time (fiat) to spend things you can already buy with it. Hold the bitcoin, dump the fiat, that is what the intelligent people do. There's no point in doing payments in bitcoin unless you really need to (like paying an VPN service for example.)

Besides that is one of the main points of having a currency, one of the characteristics of a currency is to be durable, if it is created from a material that do not last then you will need to use your currency before it deteriorates to the point of becoming unrecognizable and seeing this other people will not accept your currency or will try to accept it for a discount, so a currency is meant to be durable so you can do with it whatever you want.

[alisafidel58]

Hoarding is not hurting bitcoin as it makes the price of bitcoin get to a higher value, hoarding is a tactic that has been used for a long time to make a certain item gets more value just like what other people are doing in bitcoin.

[owengtam09]

Does hoarding really hurt Bitcoin?

It can result for us to hurt or not. If bitcoin price fall down then that was really hurt especially when it fall down hardly. All of us for sure hoard bitcoin and it is up to us if we want to continue to hoard or not. Every person that is owning a bitcoin can do whatever they want to their bitcoin.

[malikusama]

Does hoarding really hurt Bitcoin?

Although hoarding has a bad impact over the market for products but bitcoin case is different. The negative aspects of hoarding bitcoins are low as compared to the positive one, so i don't think so hoarding hurts bitcoin. Users are spending as well as hoarding bitcoin for long term to get maximum out of it, the main thing is demand which is increasing day by day and makes price to rise up to the sky.

[shoreno]

Bitcoins are very different from real money, if i have bitcoins on my wallet, i dont feel that constant necessity of spending all my money on a shop or in a mall, i prefer to keep my bitcoins in there and i know that my money will always be safe on there because i would not be tempted to spending them.
but it doesnt affect the price, if you hold them, you are just keeping that amount and you are not dumping anything, i dont see it as a bad thing at all..

bitcoin is the same as real money because it also has a value and holding them does affect the price because if more people  hold it for so long, its value can increase but if we sell it  then its value can decrease suddenly because it is all about the demand and supply. though most of us nowadays are on to hoarding because of the upcoming hardfork.

[fanbeila]

Does hoarding really hurt Bitcoin?

Nope. Everyone is free to hoard. It's really stupid when people claim "if you just hoard it, and don't transact it, you are hurting bitcoin!". What the hell is this logic? It is my bitcoin, I do whatever I want with it. If I choose to hoard it then so be it. It is stupid to spend your high quality money that appreciates with time when you have bad quality money that depreciates with time (fiat) to spend things you can already buy with it. Hold the bitcoin, dump the fiat, that is what the intelligent people do. There's no point in doing payments in bitcoin unless you really need to (like paying an VPN service for example.)

Exactly.Hoarding is not bad for bitcoin.Bitcoin is now mostly treated as a digital asset and people nowadays mainly buy it for that reason and not considering it as a currency.

Even the fiat currency is hoarded by many people and so bitcoin being treated as asset,there is no wrong in hoarding it.

Only 16 million coins have been mined and yet 5 million coins are to be mined.That is they are still ready for supply.So,unless the last block of bitcoin is mined making 21 million coins in to circulation,hoarding bitcoin would not hurt bitcoin.

[Dewao]

Actually i didn't get it why hoarding can hurt bitcoin, in the first place its all yours ,its your money and if the price is going down you need to accept that you lose some of your money, you should aware of that since you are in the world of crptocurrency. All of us are free to hoard or to hold.

[ASHLIUSZ]

Does hoarding really hurt Bitcoin?

Nope. Everyone is free to hoard. It's really stupid when people claim "if you just hoard it, and don't transact it, you are hurting bitcoin!". What the hell is this logic? It is my bitcoin, I do whatever I want with it. If I choose to hoard it then so be it. It is stupid to spend your high quality money that appreciates with time when you have bad quality money that depreciates with time (fiat) to spend things you can already buy with it. Hold the bitcoin, dump the fiat, that is what the intelligent people do. There's no point in doing payments in bitcoin unless you really need to (like paying an VPN service for example.)

Exactly.Hoarding is not bad for bitcoin.Bitcoin is now mostly treated as a digital asset and people nowadays mainly buy it for that reason and not considering it as a currency.

Even the fiat currency is hoarded by many people and so bitcoin being treated as asset,there is no wrong in hoarding it.

Only 16 million coins have been mined and yet 5 million coins are to be mined.That is they are still ready for supply.So,unless the last block of bitcoin is mined making 21 million coins in to circulation,hoarding bitcoin would not hurt bitcoin.

If you take people into consideration, you could find majority of the rich people keep hold of fiat. This does not mean that the value gets affected because of the same as the value will be based on the amount that have got printed. Similar is our bitcoin, hoarding might lead to growth but never leads to decline in value.

[Casdinyard]

What we're actually doing now is hoarding. We hoard or hold bitcoin now because we're waiting for a good pump and to make a profit and while we hold the supply are getting to its limit and the demand are increasing day by day so as the price is getting less affordable to everyone. The term " hoarding " is a negative term of holding.

[batang_bitcoin]

Does hoarding really hurt Bitcoin?

We are in a free economy, so if someone wants to hoard he can do it for free and it's up to him. In what term you are asking that hoarding hurts? It is actually helping the demand of bitcoin to become higher, as the supply is limited and this makes a limit to the total supply in the economy of bitcoin. In a free trade, there are merchants that are hoarding their products in times of crisis to make their valuables expensive.

[franco123]

I'm really not sure if it is applied also in Bitcoin, but in fiat currency it actually does. In order for the market to grow, it needs it's currency to circulate. Circulate through the transactions because it creates inflow and outflow of money.

And it Bitcoin, the more it circulates, meaning the higher the demand. And that leads to higher in value. But hoarding is not illegal nor discouraged. This is part of what makes the market of Bitcoin volatile. It is an investment that's why many hold onto their Bitcoins.

[bubblebit]

Does hoarding really hurt Bitcoin?

It’s really funny that this is at least the third thread I’ve read this day alone, about how bad holding bitcoin is. Someone or groups are making this issue to spread just because they’re not holding anything and jealous maybe that someone have. I don’t know if this accusation is accurate but it just not coincidence having this discussion when the price is high and mostly can’t afford to buy some cryptocurrency.

Because is bitcoin hoarding would hurt it then the price should be decreasing, epic that is logical and common sense that need to check for.