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Author Topic: Lets hoard.  (Read 2321 times)
Dot Dot
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May 21, 2014, 07:28:51 AM
 #1

This is my apeal to the people to hoard their btc for atleat a month. Today morning btc touched 500$ and if you decrease it supplt more then it will rise more. So its my request not to dump your bitcoins in the exchanges for low prices, just keep your prices high.

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Wbwallet
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May 21, 2014, 07:35:56 AM
 #2

this make no sense. I say trade more! It increase sales volume on exchange and its beter for day trading.

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Dot Dot
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May 21, 2014, 07:43:58 AM
 #3

this make no sense. I say trade more! It increase sales volume on exchange and its beter for day trading.
Check on the history, when btc production got halved in 2013,  the price of btc rose as hell, its difficult to increase the trading volume as it will need engaging more and more newcomers in tje trading of bitcoin but to increase the prices the regular users can hoard btc for some time so that thr availavility decreases and the price rises.

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peeveepee
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May 21, 2014, 09:23:34 AM
 #4

For medium of exchange, the value is derived from usage and market penetration.
Divinespark
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May 21, 2014, 09:34:59 AM
 #5

It's a delicate balance, you need rtestricted supply ie. some hoarding

Volumes important though to drive mass adoption and spike demand sustainably

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turvarya
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May 21, 2014, 10:09:11 AM
 #6

If you want the Price to go up, you Need to buy to increase demand.
That's just Economics 101

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TimeWatch
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May 21, 2014, 10:29:21 AM
 #7

It's abvious that people wont sell thier bitcoins when It was so stable for several weeks and finally It started rising and It raised $50 in 2 days so everyone Is going to keep them at least till the price hits $550-$600.
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May 21, 2014, 11:04:34 AM
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It's abvious that people wont sell thier bitcoins when It was so stable for several weeks and finally It started rising and It raised $50 in 2 days so everyone Is going to keep them at least till the price hits $550-$600.
Well people were selling a lot when the price was stable. and no, our goal should not be 550-600, lets hoard till the price reaches 1500dollars.

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May 21, 2014, 11:25:00 AM
 #9

The best thing you can do to help bitcoin grow is to pay with bitcoin every time you buy something you would have otherwise bought with fiat.

And then immediately buy back your bitcoins with the fiat you have saved by paying with bitcoin.

So for example if you was planning to buy groceries today, try to find a local supermarket that accepts bitcoin (or gyft) and pay for your groceries with bitcoin instead of with dollars. Then buy back bitcoins for the same amount as you spent.

This is the best way to increase bitcoin adoption while still holding.

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stompix
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May 21, 2014, 11:39:38 AM
 #10

Let's spend , buy , spend.
I think this is a better plan that hoarding , if you want to help the coin.

If you're just for profits  , HODL till it reaches 10k.

scryptasicminer
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May 21, 2014, 12:12:13 PM
 #11

Sign that bitcoin is not healthy if it is mainly use for speculating.
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May 21, 2014, 03:00:54 PM
 #12

Sign that bitcoin is not healthy if it is mainly use for speculating.
This is stupid. It gets repeated often enough that a lot of people believe it, but no less stupid for that.

Supply. Demand. Those are the two words that matter. The price can only go up with increased adoption, there is no possible way that people will not speculate on that. If it's such a problem just go away until we are well north of 100k.

There is no bubble.
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May 21, 2014, 03:05:51 PM
 #13

Sign that bitcoin is not healthy if it is mainly use for speculating.

And you got this impression from what?
Juts because people only talk about price in the speculation subforum?

Bitcoin is still at it's beginning , just have some patience and it will show you how healthy it is.

jbrnt
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May 21, 2014, 03:33:54 PM
 #14

Those who bought at around $450-$500 are not going to sell at $600 or $700, more like $1200 to $1400. I believe they are holders who sold at $580-$500 replenishing stock. I see good volume too. May not hop back to the $800s soon, but I think consolidation at $600 is very realistic.

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May 21, 2014, 04:41:29 PM
 #15

If hoarding increases beyond a certain point, then people will stop using Bitcoin and will shift to some other form of currency. It can be another alt-coin, or it can even be bullion or some form of fiat.

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onlyu
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May 21, 2014, 10:13:20 PM
 #16

If hoarding increases beyond a certain point, then people will stop using Bitcoin and will shift to some other form of currency. It can be another alt-coin, or it can even be bullion or some form of fiat.

Yes.

We need a coin that serve as a utility.
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May 21, 2014, 10:32:39 PM
 #17

Those who bought at around $450-$500 are not going to sell at $600 or $700, more like $1200 to $1400. I believe they are holders who sold at $580-$500 replenishing stock. I see good volume too. May not hop back to the $800s soon, but I think consolidation at $600 is very realistic.



Bought some at 800, I will cash out if it hit 800 again.


Ron~Popeil
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May 22, 2014, 04:12:36 AM
 #18

I will never cash out. I plan to use it for all expenses in a few years. I want the dollar out of my life as quickly as possible.   

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May 22, 2014, 04:22:27 AM
 #19

Bought some at 800, I will cash out if it hit 800 again.

You should have bought some more at $400, to bring down the average buying price. If I was in your place, my strategy would have been like this:

1st purchase: Total - $8,000. BTC10 @ $800 apiece.
2nd purchase: Total - $8,000. BTC20 @ $400 apiece.

Now we have a total of BTC30, bought at $16,000. The average cost is $533 per coin.

When Bitcoin reaches $535, I'll sell BTC20. That will fetch me $10,700.

So I am left with BTC10, at an average price of $530 per coin.


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May 22, 2014, 10:24:13 AM
 #20

Average down is a dangerous strategy.

Have the same risk as martingale betting.
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