Quote
Re: does anyone notice there are less coins to sell due to mass hodl?
Wouldn't there be MORE coins to sell if everyone was hodling?? In my opinion, there's less coins to BUY because no one wants to give them up. 
Topic: does anyone notice there are less coins to sell due to mass hodl? - page 2. (Read 3812 times)
January 06, 2014, 04:46:41 PM
Wouldn't there be MORE coins to sell if everyone was hodling?? In my opinion, there's less coins to BUY because no one wants to give them up. 
January 06, 2014, 04:43:49 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.
January 06, 2014, 02:00:08 PM
You do know that btc now isn't really a currency (and revolutionary, yet, but has potential), but store of value?!
It already is revolutionary. You haven't seen anything like this before, have you? If it's a good store of value then it is also a good currency. I use bitcoin to buy shit all the time. Any merchant that can hold for just a while will most likely be happy with their returns.
Also gold and diamonds are good store of value, and you can buy shit with it, but it's not currency...
Holding = less bitcoin available = use of smaller BTC denomination (like mBTC) = purchase power of bitcoin going up
When there are enough merchants who adopt bitcoin and give discounts people will use it because it's simple and much easier. It has value as a payment system, that's one of the reasons people are adopting. Holding will not negate the value.
January 06, 2014, 01:56:30 PM
With all those bit coin days destroyed one could theorize a huge purchase of XXX,XXX coins occurred by fortress or something which averted an entire bear market worth of coins on exchanges.
Didn't that huge spike coincide with 400k oldish coins moving from a single address? What makes you think a single holder would dump 400k coins on exchanges? Maybe I am misinterpreting.I don't remember 400k except some transfer someone pointed out from 2011 to scare people. What we deduced was based on the days destroyed, it would have to be at least 96,000 coins.
Whatever the amount is, it could be some ASIC mining firm that wanted to cash out their investment or pay invoices on equipment parts. Who knows.
https://bitcointalksearch.org/topic/m.4092625
January 06, 2014, 01:56:20 PM
Selling = using = adoptation = greatest year ever.
Hodling = not using = modest adoptation = same or little better than last year (at best), but with even more volatility (and that's bad longterm)
Hodling = not using = modest adoptation = same or little better than last year (at best), but with even more volatility (and that's bad longterm)
Holding = less bitcoin available = use of smaller BTC denomination (like mBTC) = purchase power of bitcoin going up
When there are enough merchants who adopt bitcoin and give discounts people will use it because it's simple and much easier. It has value as a payment system, that's one of the reasons people are adopting. Holding will not negate the value.
January 06, 2014, 01:52:03 PM
You do know that btc now isn't really a currency (and revolutionary, yet, but has potential), but store of value?!
It already is revolutionary. You haven't seen anything like this before, have you? If it's a good store of value then it is also a good currency. I use bitcoin to buy shit all the time. Any merchant that can hold for just a while will most likely be happy with their returns.
With all those bit coin days destroyed one could theorize a huge purchase of XXX,XXX coins occurred by fortress or something which averted an entire bear market worth of coins on exchanges.
Didn't that huge spike coincide with 400k oldish coins moving from a single address? What makes you think a single holder would dump 400k coins on exchanges? Maybe I am misinterpreting.I don't remember 400k except some transfer someone pointed out from 2011 to scare people. What we deduced was based on the days destroyed, it would have to be at least 96,000 coins.
Whatever the amount is, it could be some ASIC mining firm that wanted to cash out their investment or pay invoices on equipment parts. Who knows.
Or the Fortress fund?
January 06, 2014, 01:50:36 PM
When adoption is massive, it won't move much. By then, it will be stable enough for business use.
January 06, 2014, 01:48:06 PM
Selling = using = adoptation = greatest year ever.
Hodling = not using = modest adoptation = same or little better than last year
Hodling = not using = modest adoptation = same or little better than last year
These are the same.
January 06, 2014, 01:45:40 PM
With all those bit coin days destroyed one could theorize a huge purchase of XXX,XXX coins occurred by fortress or something which averted an entire bear market worth of coins on exchanges.
Didn't that huge spike coincide with 400k oldish coins moving from a single address? What makes you think a single holder would dump 400k coins on exchanges? Maybe I am misinterpreting.I don't remember 400k except some transfer someone pointed out from 2011 to scare people. What we deduced was based on the days destroyed, it would have to be at least 96,000 coins.
Whatever the amount is, it could be some ASIC mining firm that wanted to cash out their investment or pay invoices on equipment parts. Who knows.
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?!
January 06, 2014, 01:42:03 PM
And who said it will kill btc?!
And that'll probably kill btc (as a currency and something revolutionary).
January 06, 2014, 01:40:04 PM
And who said it will kill btc?!
January 06, 2014, 01:38:38 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.
I don't disagree. To say it will kill bitcoin is retarded though.
January 06, 2014, 01:36:35 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.
January 06, 2014, 01:36:11 PM
Also, larger BTC holders looking to sell will get a better price when selling off the markets to funds like the BIT, this will happen more and more.
Overall I'd guess the supply that's for sale has gotten slimmer, but it's harder to determine the supply than in the past and it will keep getting harder than in the past.
Nobody sane will pay more for BTC off exchange. Whales, funds, etc. especiallyOverall I'd guess the supply that's for sale has gotten slimmer, but it's harder to determine the supply than in the past and it will keep getting harder than in the past.
There is no incentive for anyone to sell, why would anyone sell Bitcoin when it's about to witness it's greatest year ever ? The fear of Bitcoin dying/failing has gone, people have never been as confident about Bitcoin as ever before.
Selling = using = adoptation = greatest year ever.Hodling = not using = modest adoptation = same or little better than last year (at best), but with even more volatility (and that's bad longterm)
I'm not so sure it its BTC has capital "S" store of value (PeerCoin is likely better at this though). This does not rely on adoption of coffee shops.
Also volatility is not bad neither are speculators.
(also nobody who accepts bitcoin as payment cares thanks to bitpay so really, shut up)
Btw. if it's intended part of the system, it's a bug, not feature
lololol. Bitpay.
January 06, 2014, 01:35:01 PM
Also, larger BTC holders looking to sell will get a better price when selling off the markets to funds like the BIT, this will happen more and more.
Overall I'd guess the supply that's for sale has gotten slimmer, but it's harder to determine the supply than in the past and it will keep getting harder than in the past.
Nobody sane will pay more for BTC off exchange. Whales, funds, etc. especiallyOverall I'd guess the supply that's for sale has gotten slimmer, but it's harder to determine the supply than in the past and it will keep getting harder than in the past.
There is no incentive for anyone to sell, why would anyone sell Bitcoin when it's about to witness it's greatest year ever ? The fear of Bitcoin dying/failing has gone, people have never been as confident about Bitcoin as ever before.
Selling = using = adoptation = greatest year ever.Hodling = not using = modest adoptation = same or little better than last year (at best), but with even more volatility (and that's bad longterm)
I'm not so sure it its BTC has capital "S" store of value (PeerCoin is likely better at this though). This does not rely on adoption of coffee shops.
Also volatility is not bad neither are speculators.
(also nobody who accepts bitcoin as payment cares thanks to bitpay so really, shut up)
Btw. if it's intended part of the system, it's a bug, not feature
January 06, 2014, 01:32:07 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.
January 06, 2014, 01:31:26 PM
Also, larger BTC holders looking to sell will get a better price when selling off the markets to funds like the BIT, this will happen more and more.
Overall I'd guess the supply that's for sale has gotten slimmer, but it's harder to determine the supply than in the past and it will keep getting harder than in the past.
Nobody sane will pay more for BTC off exchange. Whales, funds, etc. especiallyOverall I'd guess the supply that's for sale has gotten slimmer, but it's harder to determine the supply than in the past and it will keep getting harder than in the past.
There is no incentive for anyone to sell, why would anyone sell Bitcoin when it's about to witness it's greatest year ever ? The fear of Bitcoin dying/failing has gone, people have never been as confident about Bitcoin as ever before.
Selling = using = adoptation = greatest year ever.Hodling = not using = modest adoptation = same or little better than last year (at best), but with even more volatility (and that's bad longterm)
I'm not so sure it its BTC has capital "S" store of value (PeerCoin is likely better at this though). This does not rely on adoption of coffee shops.
Also volatility is not bad neither are speculators.
(also nobody who accepts bitcoin as payment cares thanks to bitpay so really, shut up)
January 06, 2014, 01:30:07 PM
Also, larger BTC holders looking to sell will get a better price when selling off the markets to funds like the BIT, this will happen more and more.
Overall I'd guess the supply that's for sale has gotten slimmer, but it's harder to determine the supply than in the past and it will keep getting harder than in the past.
Nobody sane will pay more for BTC off exchange. Whales, funds, etc. especiallyOverall I'd guess the supply that's for sale has gotten slimmer, but it's harder to determine the supply than in the past and it will keep getting harder than in the past.
There is no incentive for anyone to sell, why would anyone sell Bitcoin when it's about to witness it's greatest year ever ? The fear of Bitcoin dying/failing has gone, people have never been as confident about Bitcoin as ever before.
Selling = using = adoptation = greatest year ever.Hodling = not using = modest adoptation = same or little better than last year (at best), but with even more volatility (and that's bad longterm)
I'm not so sure it its BTC has capital "S" store of value (PeerCoin is likely better at this though). This does not rely on adoption of coffee shops.
Also volatility is not bad neither are speculators.
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.
January 06, 2014, 01:26:36 PM
Also, larger BTC holders looking to sell will get a better price when selling off the markets to funds like the BIT, this will happen more and more.
Overall I'd guess the supply that's for sale has gotten slimmer, but it's harder to determine the supply than in the past and it will keep getting harder than in the past.
Nobody sane will pay more for BTC off exchange. Whales, funds, etc. especiallyOverall I'd guess the supply that's for sale has gotten slimmer, but it's harder to determine the supply than in the past and it will keep getting harder than in the past.
There is no incentive for anyone to sell, why would anyone sell Bitcoin when it's about to witness it's greatest year ever ? The fear of Bitcoin dying/failing has gone, people have never been as confident about Bitcoin as ever before.
Selling = using = adoptation = greatest year ever.Hodling = not using = modest adoptation = same or little better than last year (at best), but with even more volatility (and that's bad longterm)
I'm not so sure it its BTC has capital "S" store of value (PeerCoin is likely better at this though). This does not rely on adoption of coffee shops.
Also volatility is not bad neither are speculators.
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