I know a couple, all in it for investment opportunity. Really wondering when they will cash out, never really discussed this. Have to try to convince them that using it as a currency might preoduce more long term returns than sitting on it...
Convince me of that. Sure, people in general need to spend it more to make it go up in value. But the selfish ones that hold on will make more than the ones who spend. So in reality, this is a hard thing to convince. The "Hey... if everyone had that attitude, bitcoin would be worth nothing" is not good enough of an argument to get me to spend.
You're absolutely right mate. You're putting your finger on the sore spot, and the flaw of bitcoin at this moment, as long as it is a purely speculative currency its real value is zero, and the bubble has to burst. Maybe we need a scenario like this, where after the crash the value is so low that it is not worth it cashing out, but people will start buying pizza with it.
Very good point... I think I'll start a thread to see if people are actually buying anything with their bitcoin or if they're just holding it as an investment. I've been buying alternative currencies with mine...
you are right next door. 
