My Story: Why Bitcoin Will Gain Traction Faster than We Think (The Five Stages o

[hodap]

I personally do not see many people spend their coin. Most are hoarding in hope of higher price.

Hoarding behavior is clearly not the intended goal of a currency.

But hoarding gold or silver is commonplace, so is bitcoin more like a commodity or a fiat currency?

where do you guys get the idea that people don't hoard currency? have you never heard of a savings account at a bank? everyone hoards currency,unless you're broke and living paycheck to paycheck and have to spend it all.

That explain.

I live paycheck to paycheck.

[Erdogan]

I personally do not see many people spend their coin. Most are hoarding in hope of higher price.

Hoarding behavior is clearly not the intended goal of a currency.

But hoarding gold or silver is commonplace, so is bitcoin more like a commodity or a fiat currency?

where do you guys get the idea that people don't hoard currency? have you never heard of a savings account at a bank? everyone hoards currency,unless you're broke and living paycheck to paycheck and have to spend it all.

Hoarding, or saving, for shorter or longer time is the only purpose of money. There is no alternative use for it. Holding the money is the point. If nobody wants to hold it, it is not money.

[Baitty]

I personally do not see many people spend their coin. Most are hoarding in hope of higher price.

Hoarding behavior is clearly not the intended goal of a currency.

But hoarding gold or silver is commonplace, so is bitcoin more like a commodity or a fiat currency?

where do you guys get the idea that people don't hoard currency? have you never heard of a savings account at a bank? everyone hoards currency,unless you're broke and living paycheck to paycheck and have to spend it all.

Hoarding, or saving, for shorter or longer time is the only purpose of money. There is no alternative use for it. Holding the money is the point. If nobody wants to hold it, it is not money.

Then again if it isn't traded them is no reason to be holding there needs to be a healthy balance and a reason for Bitcoin without traders and people who buy things for Bitcoin it would be totally useless to everyone and therefore holding because a useless act.

[thrax]

People have to buy and sell bitcoins if they want to speculate on alt coins, so that should help to counter the problems caused by hoarders.

[Ibian]

I personally do not see many people spend their coin. Most are hoarding in hope of higher price.

Hoarding behavior is clearly not the intended goal of a currency.

But hoarding gold or silver is commonplace, so is bitcoin more like a commodity or a fiat currency?

where do you guys get the idea that people don't hoard currency? have you never heard of a savings account at a bank? everyone hoards currency,unless you're broke and living paycheck to paycheck and have to spend it all.

Hoarding, or saving, for shorter or longer time is the only purpose of money. There is no alternative use for it. Holding the money is the point. If nobody wants to hold it, it is not money.

Then again if it isn't traded them is no reason to be holding there needs to be a healthy balance and a reason for Bitcoin without traders and people who buy things for Bitcoin it would be totally useless to everyone and therefore holding because a useless act.

This obsession with other people getting rid of their stash has to stop. Having some savings is a very sensible choice. It gives options that people without money don't have. Green is not your color, gentlemen.