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

T.Stuart

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Quote from: tutkarz on January 07, 2014, 02:48:41 AM

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.

+1 That's why it's an unusually positive market. Because the bears are actually bulls! Bulls trying to feed off others' panic! That can't last forever and as it fades away the fading will contribute to the S-curve.

tutkarz

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Quote from: DPoS on January 07, 2014, 03:21:05 AM

Quote from: tutkarz on January 07, 2014, 03:08:15 AM

was looking for a way to buy World of Tanks gold

did you ask them? the more people that request to use bitcoins the more places will look to accept it

I am asking everybody if they will accept bitcoin when I want to buy something. But for now I have negative answer or no answer at all.

BrianM

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Lost all my coins to scammers, nothing to hold Angry

F-bernanke

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Quote from: billyjoeallen on January 07, 2014, 03:48:10 AM

no mommy government guidance needed. No central bankster adjustments required. These people are useless at best and harmful at worst.

+1,

And you put it politely.

These socialist/communist central planners should be hanged.

billyjoeallen

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Quote from: jubalix on January 07, 2014, 02:50:23 AM

Quote from: tutkarz on January 07, 2014, 02:48:41 AM

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.

I think they are talking about velocity of money

this is one of those goofy things that completely zeroes out. if more coins are used as a medium of exchange instead of a store of value, then they gain utility at exactly the same rate that they lose value due to an effective increase in supply. it's Keynesian hooey. Hoarders are savers and almost all productivity gains are achieved by capital formation A.K.A. savings A.K.A. hoarding. Spending is good too, because there's no point in saving if you never spend eventually. it zeroes out. no mommy government guidance needed. No central bankster adjustments required. These people are useless at best and harmful at worst. mainstream economists are the high priests of the fiat cult. They will fade to irrelevance or meet their just deserts at the end of a rope. our grandchildren will read about them the way we read about medieval "doctors" who used leeches and phrenology.

DPoS

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Quote from: tutkarz on January 07, 2014, 03:08:15 AM

was looking for a way to buy World of Tanks gold

did you ask them? the more people that request to use bitcoins the more places will look to accept it

tutkarz

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Quote from: jubalix on January 07, 2014, 02:50:23 AM

Quote from: tutkarz on January 07, 2014, 02:48:41 AM

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.

I think they are talking about velocity of money

If they want to encourage people to spend them, then it's better to just say so because now I don't understand what they really want. Besides I believe most people like me are holding until they will be able to spend this coins on things they want to buy. For example yesterday I was looking for a way to buy World of Tanks gold officially but only solution I found was to convert btc for paypal with very bad ratio on localbitcoins which also is not safe. I think as long as we won't be able to buy everything online with bitcoins or some kind of gift card talking about holding is pointless.

jubalix

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Quote from: tutkarz on January 07, 2014, 02:48:41 AM

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.

I think they are talking about velocity of money

arepo

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this statement is false

Quote from: T.Stuart on January 07, 2014, 02:46:03 AM

Quote from: arepo on January 07, 2014, 02:38:58 AM

Quote from: T.Stuart on January 07, 2014, 02:35:22 AM

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 Tongue

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!

haha i do appreciate the perspective -- but look! even the "common man" is teasing you for it Tongue

Quote from: MAbtc on January 07, 2014, 02:42:55 AM

Quote from: T.Stuart on January 07, 2014, 02:35:22 AM

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.

tutkarz

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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.

T.Stuart

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Quote from: arepo on January 07, 2014, 02:38:58 AM

Quote from: T.Stuart on January 07, 2014, 02:35:22 AM

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 Tongue

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!

T.Stuart

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Quote from: MAbtc on January 07, 2014, 02:42:55 AM

Quote from: T.Stuart on January 07, 2014, 02:35:22 AM

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

MAbtc

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Quote from: T.Stuart on January 07, 2014, 02:35:22 AM

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.

arepo

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this statement is false

Quote from: T.Stuart on January 07, 2014, 02:35:22 AM

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 Tongue

T.Stuart

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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 Cheesy

)... 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!

Voodah

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Quote from: Spaceman_Spiff on January 06, 2014, 06:17:19 PM

Quote from: MAbtc on January 06, 2014, 01:36:35 PM

Quote from: humanitee on January 06, 2014, 01:32:07 PM

Quote from: skivrmt on January 06, 2014, 01:30:07 PM

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.

Spaceman_Spiff

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Quote from: MAbtc on January 06, 2014, 01:36:35 PM

Quote from: humanitee on January 06, 2014, 01:32:07 PM

Quote from: skivrmt on January 06, 2014, 01:30:07 PM

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.

jubalix

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Quote from: vdcc on January 06, 2014, 05:16:25 PM

Quote from: jubalix on January 06, 2014, 04:43:49 PM

Quote from: vdcc on January 06, 2014, 01:44:35 PM

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 Grin

)

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.

vdcc

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Quote from: jubalix on January 06, 2014, 04:43:49 PM

Quote from: vdcc on January 06, 2014, 01:44:35 PM

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 Grin

)

DPoS

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Quote from: humanitee on January 06, 2014, 01:32:07 PM

Quote from: skivrmt on January 06, 2014, 01:30:07 PM

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

Topic: does anyone notice there are less coins to sell due to mass hodl? (Read 3812 times)