IF you want to save and spend you can always buy Bitcoins especially to purchase something. that way you can do your bit to promote the currency of the coin whilst still saving.
Yeah, I would spend some but there's so little acceptance now, that it's just better to hold (or hodl). 
Topic: Cult of hoarding - page 2. (Read 4280 times)
Not only we need more people accepting them as a payment method, but also more ways to invest them. If in the future it becomes easy to invest in something like a stock market, there will be less hoarding, and more capital used to increase productivity.
What do you mean by invest? I'd say it's easier to buy into Bitcoins than it is in shares.
Holding money is just saving. It pays no interest, but you have something for a rainy day. Holding bitcoins in the implementation phase is a special, one time opportunity for profit. You could call it investing because of that, with a stretch.
Investing is buying capital goods with the intent of producing something for money, directly or via a common stock company.
A middle ground is lending. For that you will need to have someting back for the risk, and some compensation for not being able to invest directly (or consume now). Insurance and interest.
Those are the three things you can do with your savings.
If you are an entrepreneur, but have no money, you can loan some. If you have a good project, money is always available.
I am also Hoadring. Hoardring will make many savers around the world.
One day we will look around and where we see a debtor today, we will instead see a saver tomorrow. Many people with assets instead of slaves with undeserved burdens.
Every hoadrer has a price and eventually they spedn their Bitcoins. The point of the game is to eventually disperse your coins before they become lost to the blockchain.
One day we will look around and where we see a debtor today, we will instead see a saver tomorrow. Many people with assets instead of slaves with undeserved burdens.
Every hoadrer has a price and eventually they spedn their Bitcoins. The point of the game is to eventually disperse your coins before they become lost to the blockchain.
its pronounced "hodling" not "hording"
it could be hoadring
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Not only we need more people accepting them as a payment method, but also more ways to invest them. If in the future it becomes easy to invest in something like a stock market, there will be less hoarding, and more capital used to increase productivity.
What do you mean by invest? I'd say it's easier to buy into Bitcoins than it is in shares.
Not only we need more people accepting them as a payment method, but also more ways to invest them. If in the future it becomes easy to invest in something like a stock market, there will be less hoarding, and more capital used to increase productivity.
its pronounced "hodling" not "hoarding"
No different to people using fiat.
Some spend every cent they earn every week, others save for a rainy day, holiday, education, retirement etc.
Just because you have funds does not mean you have to spend it all immediately.
Some spend every cent they earn every week, others save for a rainy day, holiday, education, retirement etc.
Just because you have funds does not mean you have to spend it all immediately.
Tell that to my girlfriend lol.
lol. Best not to tell her of all the funds then
IF you want to save and spend you can always buy Bitcoins especially to purchase something. that way you can do your bit to promote the currency of the coin whilst still saving.
I "hoard" and spend bitcoin. I have two stashes, and the spending stash is not trivially small either. 
I was actually spending bitcoin on services that accepted it (VPN etc.) when the bitcoin-to-fiat valuation was but a fraction of what it is today, and don't feel silly about that either. Similarly, Laszlo doesn't regret buying those pizzas: he did admit they tasted good!
I was actually spending bitcoin on services that accepted it (VPN etc.) when the bitcoin-to-fiat valuation was but a fraction of what it is today, and don't feel silly about that either. Similarly, Laszlo doesn't regret buying those pizzas: he did admit they tasted good!
Hoarders will turn into spenders when Bitcoin use is common enough that at least 0.x% of all businesses accept it. You can't be a spender when virtually no one accepts it in everyday life.
No different to people using fiat.
Some spend every cent they earn every week, others save for a rainy day, holiday, education, retirement etc.
Just because you have funds does not mean you have to spend it all immediately.
Some spend every cent they earn every week, others save for a rainy day, holiday, education, retirement etc.
Just because you have funds does not mean you have to spend it all immediately.
Tell that to my girlfriend lol.
No different to people using fiat.
Some spend every cent they earn every week, others save for a rainy day, holiday, education, retirement etc.
Just because you have funds does not mean you have to spend it all immediately.
Some spend every cent they earn every week, others save for a rainy day, holiday, education, retirement etc.
Just because you have funds does not mean you have to spend it all immediately.
I'm assuming that newcomers that get involved into bitcoin, eventually will integrate into their beliefs some (more or less) of the community's cultsm, including hoarding.
So, even if a newcomer buys bitcoins, we could assume he hoars at least 10% for the very long term (+20 years, for nephews or for when they're old). The rest of it can be actively traded, gambled, etc. But some will almost for sure be hoarded, because most bitcoin users are young and can risk 800 bucks for a "my precious" coin.
So, even if a newcomer buys bitcoins, we could assume he hoars at least 10% for the very long term (+20 years, for nephews or for when they're old). The rest of it can be actively traded, gambled, etc. But some will almost for sure be hoarded, because most bitcoin users are young and can risk 800 bucks for a "my precious" coin.
Why are you assuming people will hoard? Some people will buy coins as an investment and some will buy to use. Bitcoin is a currency and you are free to save or spend. You can do both or either.
People will naturally hoard if the price keeps on increasing 100x a year. We all know that can't happen forever. So hoarders will turn into spenders. Its happening as we speak.
Yeah, this is the situation I'm in. I believe in the currency so I'm currently treating it as an investment opportunity. I'm hoarding so l can spend it on things I want in the future.
I think it's only logical if you believe in the currency the more and more mainstream adoption it gets the more valuable it will become so it's wise to hold on to it now.
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I'm assuming that newcomers that get involved into bitcoin, eventually will integrate into their beliefs some (more or less) of the community's cultsm, including hoarding.
So, even if a newcomer buys bitcoins, we could assume he hoars at least 10% for the very long term (+20 years, for nephews or for when they're old). The rest of it can be actively traded, gambled, etc. But some will almost for sure be hoarded, because most bitcoin users are young and can risk 800 bucks for a "my precious" coin.
So, even if a newcomer buys bitcoins, we could assume he hoars at least 10% for the very long term (+20 years, for nephews or for when they're old). The rest of it can be actively traded, gambled, etc. But some will almost for sure be hoarded, because most bitcoin users are young and can risk 800 bucks for a "my precious" coin.
Why are you assuming people will hoard? Some people will buy coins as an investment and some will buy to use. Bitcoin is a currency and you are free to save or spend. You can do both or either.
People will naturally hoard if the price keeps on increasing 100x a year. We all know that can't happen forever. So hoarders will turn into spenders. Its happening as we speak.
Yeah, this is the situation I'm in. I believe in the currency so I'm currently treating it as an investment opportunity. I'm hoarding so l can spend it on things I want in the future.
I'm assuming that newcomers that get involved into bitcoin, eventually will integrate into their beliefs some (more or less) of the community's cultsm, including hoarding.
So, even if a newcomer buys bitcoins, we could assume he hoars at least 10% for the very long term (+20 years, for nephews or for when they're old). The rest of it can be actively traded, gambled, etc. But some will almost for sure be hoarded, because most bitcoin users are young and can risk 800 bucks for a "my precious" coin.
So, even if a newcomer buys bitcoins, we could assume he hoars at least 10% for the very long term (+20 years, for nephews or for when they're old). The rest of it can be actively traded, gambled, etc. But some will almost for sure be hoarded, because most bitcoin users are young and can risk 800 bucks for a "my precious" coin.
Why are you assuming people will hoard? Some people will buy coins as an investment and some will buy to use. Bitcoin is a currency and you are free to save or spend. You can do both or either.
People will naturally hoard if the price keeps on increasing 100x a year. We all know that can't happen forever. So hoarders will turn into spenders. Its happening as we speak.
I'm assuming that newcomers that get involved into bitcoin, eventually will integrate into their beliefs some (more or less) of the community's cultsm, including hoarding.
So, even if a newcomer buys bitcoins, we could assume he hoars at least 10% for the very long term (+20 years, for nephews or for when they're old). The rest of it can be actively traded, gambled, etc. But some will almost for sure be hoarded, because most bitcoin users are young and can risk 800 bucks for a "my precious" coin.
So, even if a newcomer buys bitcoins, we could assume he hoars at least 10% for the very long term (+20 years, for nephews or for when they're old). The rest of it can be actively traded, gambled, etc. But some will almost for sure be hoarded, because most bitcoin users are young and can risk 800 bucks for a "my precious" coin.
Why are you assuming people will hoard? Some people will buy coins as an investment and some will buy to use. Bitcoin is a currency and you are free to save or spend. You can do both or either.
Bitcoin is a deflationary currency. It encourages savings and thrift. This is a good thing.
Its a balancing act. If nobody spends, its not a currency. It's a dead duck.
There is a natural equilibrium. The greater the value, the more incentive there is to spend, lock in profits, hedge. I started spending my coins when the price reached 100X my original buy in. Now I sell ~4% for every 10% rise in price after a new All Time High.
If price drops far enough, they start to look cheap and I buy them back. I buy back 75% of what I sold after every 15% drop in price. The effect is that the dollar value of my stack increases over time even though the number of coins I own eventually slowly goes down. and I make thousands of dollars per year doing this. I will eventually make tens or hundreds of thousands of dollars/year doing this. Unless it all goes to shit in which case I have a good story to tell.
That is why we have such epic crashes all the damn time when new highs are hit.
Hoarders or hodlers who at first were greedy and euphoric will see their precious plummet in price and start selling en masse. It happened so many times that you could say it is a law of nature in the bitcoin economy.
Hoarders or hodlers who at first were greedy and euphoric will see their precious plummet in price and start selling en masse. It happened so many times that you could say it is a law of nature in the bitcoin economy.
Unfortunately bitcoin is concentrated in just a few hands... So the panic sell only does worse
What panic sell is that?
"hoarding" is called investment, and belive it or not, thats the main reason majority of the people are in bitcoin, maybe not majority here on forums, but certainly a majority of holders, get used to it. Nobody really cares about some "ideals" or "revolution" or i dont know what "crap", its all about the money, and doesnt matter if its USD, EUR or BTC :-P.
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