does anyone notice there are less coins to sell due to mass hodl?

[TERA]

With all those bit coin days destroyed one could theorize a huge purchase of XXX,XXX coins occurred by fortress or something which averted an entire bear market worth of coins on exchanges.

Didn't that huge spike coincide with 400k oldish coins moving from a single address? What makes you think a single holder would dump 400k coins on exchanges? Maybe I am misinterpreting.

I don't remember  400k except some transfer someone pointed out from 2011 to scare people. What we deduced was based on the days destroyed, it would have to be at least 96,000 coins.

Whatever the amount is, it could be some ASIC mining firm that wanted to cash out their investment or pay invoices on equipment parts. Who knows.

[BitchicksHusband]

Selling = using = adoptation = greatest year ever.
Hodling = not using = modest adoptation = same or little better than last year

These are the same.

[BitchicksHusband]

When adoption is massive, it won't move much.  By then, it will be stable enough for business use.

[humanitee]

You do know that btc now isn't really a currency (and revolutionary, yet, but has potential), but store of value?!

It already is revolutionary. You haven't seen anything like this before, have you? If it's a good store of value then it is also a good currency. I use bitcoin to buy shit all the time. Any merchant that can hold for just a while will most likely be happy with their returns.

With all those bit coin days destroyed one could theorize a huge purchase of XXX,XXX coins occurred by fortress or something which averted an entire bear market worth of coins on exchanges.

Didn't that huge spike coincide with 400k oldish coins moving from a single address? What makes you think a single holder would dump 400k coins on exchanges? Maybe I am misinterpreting.

I don't remember  400k except some transfer someone pointed out from 2011 to scare people. What we deduced was based on the days destroyed, it would have to be at least 96,000 coins.

Whatever the amount is, it could be some ASIC mining firm that wanted to cash out their investment or pay invoices on equipment parts. Who knows.

Or the Fortress fund?

[Dafar]

Selling = using = adoptation = greatest year ever.
Hodling = not using = modest adoptation = same or little better than last year (at best), but with even more volatility (and that's bad longterm)

Holding = less bitcoin available = use of smaller BTC denomination (like mBTC) = purchase power of bitcoin going up

When there are enough merchants who adopt bitcoin and give discounts people will use it because it's simple and much easier. It has value as a payment system, that's one of the reasons people are adopting. Holding will not negate the value.

[MAbtc]

With all those bit coin days destroyed one could theorize a huge purchase of XXX,XXX coins occurred by fortress or something which averted an entire bear market worth of coins on exchanges.

Didn't that huge spike coincide with 400k oldish coins moving from a single address? What makes you think a single holder would dump 400k coins on exchanges? Maybe I am misinterpreting.

I don't remember  400k except some transfer someone pointed out from 2011 to scare people. What we deduced was based on the days destroyed, it would have to be at least 96,000 coins.

Whatever the amount is, it could be some ASIC mining firm that wanted to cash out their investment or pay invoices on equipment parts. Who knows.

Oh yeah, I remembered wrong. Apparently I was remembering the 400k from here:

https://bitcointalk.org/index.php?topic=381045.msg4092625#msg4092625

[vdcc]

You do know that btc now isn't really a currency (and revolutionary, yet, but has potential), but store of value?!

It already is revolutionary. You haven't seen anything like this before, have you? If it's a good store of value then it is also a good currency. I use bitcoin to buy shit all the time. Any merchant that can hold for just a while will most likely be happy with their returns.

No it's not. Concept is revolutionary, but usage isn't. It's nowhere near it's potential.
Also gold and diamonds are good store of value, and you can buy shit with it, but it's not currency...

Holding = less bitcoin available = use of smaller BTC denomination (like mBTC) = purchase power of bitcoin going up

When there are enough merchants who adopt bitcoin and give discounts people will use it because it's simple and much easier. It has value as a payment system, that's one of the reasons people are adopting. Holding will not negate the value.

Denomination doesn't matter, hodling is bad for bitcoin (longterm, and good for hodlers, short to midterm).

[jubalix]

You do know that btc now isn't really a currency (and revolutionary, yet, but has potential), but store of value?!

yes but fiat currency isn't really currency either.

[favelle75]

Re: does anyone notice there are less coins to sell due to mass hodl?

  Wouldn't there be MORE coins to sell if everyone was hodling?? In my opinion, there's less coins to BUY because no one wants to give them up.

[DPoS]

Volatility is bad for merchants wanting to use everyday in their coffee shops, bookstores, etc.  Volatility is bad for someone wanting to use this online purchases, ie, Overstock.com.  Will they be adjusting the price daily?  Hourly?  Etc.

Is it great for speculators though.

lololol. Bitpay.

bitpay is great but if everyone hitches the future adoption on these payment middlemen the big boys of visa/mastercard can just lower their rates to the same or a few cents more and adapt.. is bitcoin just going to be a napster that creates an iTunes?

the real killer app is if we do not need bitpay but are stronger because it is an option not a requirement

[vdcc]

You do know that btc now isn't really a currency (and revolutionary, yet, but has potential), but store of value?!

yes but fiat currency isn't really currency either.

No, fiat is a currency but it's not (good) store of value (same goes for Fiat cars )

[jubalix]

You do know that btc now isn't really a currency (and revolutionary, yet, but has potential), but store of value?!

yes but fiat currency isn't really currency either.

No, fiat is a currency but it's not (good) store of value (same goes for Fiat cars )

No, fiat looks like  a currency, but it has absolute protectionism and absolute abuse by the state issuers (at least until hyperinflation) until BTC and CC's came along.

when you have open competition of currencies, i.e. by any entity, then you have currency.

[Spaceman_Spiff]

Volatility is bad for merchants wanting to use everyday in their coffee shops, bookstores, etc.  Volatility is bad for someone wanting to use this online purchases, ie, Overstock.com.  Will they be adjusting the price daily?  Hourly?  Etc.

Is it great for speculators though.

lololol. Bitpay.

Ideally, I think, merchants accepting bitcoin ≠ merchants dumping bitcoin for fiat.

It's a necessary intermediate stage.  If people feel comfortable that they can use their bitcoins everywhere, this will increase usage and the market cap, which should dampen volatility.  After that, some salaries and supply chains might get paid in bitcoin, which I think will have the greatest stabilizing effect.

[Voodah]

Volatility is bad for merchants wanting to use everyday in their coffee shops, bookstores, etc.  Volatility is bad for someone wanting to use this online purchases, ie, Overstock.com.  Will they be adjusting the price daily?  Hourly?  Etc.

Is it great for speculators though.

lololol. Bitpay.

Ideally, I think, merchants accepting bitcoin ≠ merchants dumping bitcoin for fiat.

It's a necessary intermediate stage.  If people feel comfortable that they can use their bitcoins everywhere, this will increase usage and the market cap, which should dampen volatility.  After that, some salaries and supply chains might get paid in bitcoin, which I think will have the greatest stabilizing effect.

Indeed, it's a chain effect that has already started.

All these VC backed Bitcoin that pay everything in BTC are the first link. But once BTC becomes even more scarce, the acceleration will only be faster.

[T.Stuart]

People talk about the past but it is very, very important to understand it correctly.

The shape of the bubbles gives an indication, but understand the whole picture.

The bubbles are moving closer together becuase confidence has been growing. This is leading to the S-curve or whatever you want to call it - when confidence becomes a loop alongside new users, new wallets, new adoption, etc.

Think about it. Comparing each last bubble to this one individually without seeing the bigger trend is insane. How many essentially chance events changed things in the past? Things were far, far less certain for BTC than they are now. Silk Road, hacks, forks, dodgy exchanges (still are a few but many are rushing to get their acts together )... a year or two ago America was talking about BANNING BTC!!! What's happening now??? 

It is easy to see that confidence is taking a quantum leap forward in comparison with the past. Think about it. It will do you much more good than much of the half-baked geometry you get pushed into your face on this forum! 

[arepo]

quantum leap

while the rest of your post was surprisingly good, besides a few (citation needed) moments, i just want to let you know that no one with a background in physics will ever take you seriously so long as you use this phrase

[MAbtc]

It is easy to see that confidence is taking a quantum leap forward in comparison with the past.

Sounds like we're going way beyond the moon. We're going to travel through time.

[T.Stuart]

It is easy to see that confidence is taking a quantum leap forward in comparison with the past.

Sounds like we're going way beyond the moon. We're going to travel through time.

  ! lol

[T.Stuart]

quantum leap

while the rest of your post was surprisingly good, besides a few (citation needed) moments, i just want to let you know that no one with a background in physics will ever take you seriously so long as you use this phrase

It is a figure of speech. Arepo I think coming down to meet the common man might help you more in the weeks and months to come!

[tutkarz]

I have question for all anti-hodl crowd. If you think that people should not hold coins, then please explain me where these coins should go so nobody will hold them. To your pockets maybe? Because I fail to imagine any other place.