Although Bitcoin has been around now for nearly ten years, now we have to ask ourselves the question, what really has to see it for themselves? Certainly, the technology behind Bitcoin is generally accepted and there are many projects that will be built around the building of the chain, but what Bitcoin itself? Bitcoin really triggered the revolution he promised he would be? The big banks are still there, so that wire companies like Western Union and MoneyGram.
In fact, many of the people who Bitcoin is supposed to put the whey now approved Bitcoin technology and are still there. Thus, the libertarian vision of a decentralized currency run is not really true in cryptographic democracy. Instead, we still live in a world of governments, banks and major financial services companies.
Ordinary people, the kind who had to use Bitcoin, are still used to probably check accounts, sending money by WU or with a debit card issued by Visa or Mastercard. Bitcoin is far too complex for them and has an aura of mystery that surrounds it.
Topic: problems with bitcoin holder (Read 3239 times)
75.9% ( 15,947,975 bitcoin) of the bitcoin is already mined so to circulate bitcoin all over the world there is only few bitcoin because many bitcoin user are holding bitcoin and waiting for price hike. So what would happen if the continue holding and we are left with only few bitcoin to circulate. So can it act as global currency or we need some modification.
I wouldn't worry there is nothing to worry about. People are buying bitcoin all the time that creates movement and transactions. When people trade they create a lot of movement too and we k ow looking at the exchanges that there a lot of bitcoins moving around. Also someone somewhere will always be wanted to buy something from someone with bitcoin.therefore there will always be someone selling things which creates more transactions when purchased. Currency will always nice around and eventually bag holders will trade to increase their investment based on the market so its just a matter of time. In the meanwhile the rest of us will make transactions all the time. Just look at this forum for example. So many transactions take place her each and everyday. You really have nothing to worry about.
75.9% ( 15,947,975 bitcoin) of the bitcoin is already mined so to circulate bitcoin all over the world there is only few bitcoin because many bitcoin user are holding bitcoin and waiting for price hike. So what would happen if the continue holding and we are left with only few bitcoin to circulate. So can it act as global currency or we need some modification.
I wouldn't worry there is nothing to worry about. People are buying bitcoin all the time that creates movement and transactions. When people trade they create a lot of movement too and we k ow looking at the exchanges that there a lot of bitcoins moving around. Also someone somewhere will always be wanted to buy something from someone with bitcoin.therefore there will always be someone selling things which creates more transactions when purchased. Currency will always nice around and eventually bag holders will trade to increase their investment based on the market so its just a matter of time. In the meanwhile the rest of us will make transactions all the time. Just look at this forum for example. So many transactions take place her each and everyday. You really have nothing to worry about.
Actually limited supply of bitcoin is good for bitcoin price and its growth, if all bitcoin holders start to hold all they have there will be very few bitcoin in circulation and with increasing demand it will be really low compared to buy volume so obviously this can easily pump price of bitcoin.
But don't remove the fact that there a lot of bitcoin mining farm that can produce tons of btc volume per day. I'ts impossible to hold / hoard btc just to inflate the price. It is better increase the daily trade volume so that it will not died. Because even if a coin has a hige prise but no one trade it on the market, it is considered as a dying coin.
Actually limited supply of bitcoin is good for bitcoin price and its growth, if all bitcoin holders start to hold all they have there will be very few bitcoin in circulation and with increasing demand it will be really low compared to buy volume so obviously this can easily pump price of bitcoin.
No specific problems were experienced because of the users who hold small number of bitcoin, only at some rare instances when big whales hold a huge volume it affects the price and circulation. Even while holding if a small amount were spend regularly growth won't be affected much.
there are more 16 million bitcoins in circulation today and no whale can hold enough to matter for bitcoin price and its circulation. what you say is only true about those altcoins that are created everyday with 80-90% pre-mine or ICO or in general controlled by a couple of holders not for bitcoin.
No specific problems were experienced because of the users who hold small number of bitcoin, only at some rare instances when big whales hold a huge volume it affects the price and circulation. Even while holding if a small amount were spend regularly growth won't be affected much.
there are more 16 million bitcoins in circulation today and no whale can hold enough to matter for bitcoin price and its circulation. what you say is only true about those altcoins that are created everyday with 80-90% pre-mine or ICO or in general controlled by a couple of holders not for bitcoin.
No specific problems were experienced because of the users who hold small number of bitcoin, only at some rare instances when big whales hold a huge volume it affects the price and circulation. Even while holding if a small amount were spend regularly growth won't be affected much.
The holders should not speak in behalf of bitcoin as they give bitcoin bad reputation. If everyone would stick to anything that anything would become a ponzi. And bitcoin is not a ponzi. Its just bad impression and hodlers should just hodl and stfu.
Problems with bitcoin holder are others are spending on it.
Once they reach the peak price and already earned profit,
they sell their coins. Mostly, being wise on how they spend
or hold the bitcoin.
Once they reach the peak price and already earned profit,
they sell their coins. Mostly, being wise on how they spend
or hold the bitcoin.
I think the purpose of bitcoin is to be spend in exchange of service or goods. With active trading of bitcoin and good facilitated by merchants and merchant taking profit from it will obviously make bitcoin economy boom. If there is a success story of severa merchants in venturing with bitcoin, there will be more merchant that will be convinced to use bitcoin and this will strenthen bitcoin position in the market.
Problems with bitcoin holder are others are spending on it.
Once they reach the peak price and already earned profit,
they sell their coins. Mostly, being wise on how they spend
or hold the bitcoin.
Once they reach the peak price and already earned profit,
they sell their coins. Mostly, being wise on how they spend
or hold the bitcoin.
75.9% ( 15,947,975 bitcoin) of the bitcoin is already mined so to circulate bitcoin all over the world there is only few bitcoin because many bitcoin user are holding bitcoin and waiting for price hike. So what would happen if the continue holding and we are left with only few bitcoin to circulate. So can it act as global currency or we need some modification.
I don't think every person in bitcoin just hold their coins in wallets, but only some of them do and others do spend their coins on several things which as a result would never let just a few bitcoins to be in circulations. Just because 10 persons hold their coins it wont affect bitcoin at all if there are already 20 more spending theirs.
However, I believe that miners and many people are selling their bitcoin too because they want more people use it or make some profits.
75.9% ( 15,947,975 bitcoin) of the bitcoin is already mined so to circulate bitcoin all over the world there is only few bitcoin because many bitcoin user are holding bitcoin and waiting for price hike. So what would happen if the continue holding and we are left with only few bitcoin to circulate. So can it act as global currency or we need some modification.
I don't think every person in bitcoin just hold their coins in wallets, but only some of them do and others do spend their coins on several things which as a result would never let just a few bitcoins to be in circulations. Just because 10 persons hold their coins it wont affect bitcoin at all if there are already 20 more spending theirs.
However, I believe that miners and many people are selling their bitcoin too because they want more people use it or make some profits.
75.9% ( 15,947,975 bitcoin) of the bitcoin is already mined so to circulate bitcoin all over the world there is only few bitcoin because many bitcoin user are holding bitcoin and waiting for price hike. So what would happen if the continue holding and we are left with only few bitcoin to circulate. So can it act as global currency or we need some modification.
I don't think every person in bitcoin just hold their coins in wallets, but only some of them do and others do spend their coins on several things which as a result would never let just a few bitcoins to be in circulations. Just because 10 persons hold their coins it wont affect bitcoin at all if there are already 20 more spending theirs.
i think that is an economical problem. it exists from the old ages when man first learnet the value of gold so they started holding it and nowdays we can seebthe results only a bit of gold is left for circulation and rest of it is still holding by the people of every country. that can happen with bitcoin too
To me, I am helpful that the same thing will never happened to bitcoin. As in present time the number of bitcoin users are very less, therefore we cannot be facilitated by bitcoin as much as we are expecting, but in future when the users of bitcoin will increase hope that then people will give preference to bitcoin to use it as currency more that investment. 
All fiat money in the world are already printed 
And few people have power of most part of this...
So I don't believe that this will be a problem for bitcoin, that's something normal in the economy.
And few people have power of most part of this...
So I don't believe that this will be a problem for bitcoin, that's something normal in the economy.
Here is a pertinent question. Approx. 60% of all bitcoin minded have never moved. What happens if it starts to move? Holders will panic and the volatility will increase. Worst case scenario is a major depreciation in price. So think about that while you ponder investing in bitcoin.
i guess it depends on how many people are holding those. because unless all of them together start moving them i see no problem. we had some big events in the past and some panic sells, but nothing big enough to kill bitcoin, so why should they decide to sell altogether? why would they be interested in destroying the value they have? Yeah, it's all something that is not necessarily give it the best. For if we do not do something right then the results obtained is also something not maximum. It all depends how everyone worked together or solid in build a bitcoin can, if all solid then I'm sure this is all not going to be a problem. Because all things are done would certainly give a positive impact
i think that is an economical problem. it exists from the old ages when man first learnet the value of gold so they started holding it and nowdays we can seebthe results only a bit of gold is left for circulation and rest of it is still holding by the people of every country. that can happen with bitcoin too
Here is a pertinent question. Approx. 60% of all bitcoin minded have never moved. What happens if it starts to move? Holders will panic and the volatility will increase. Worst case scenario is a major depreciation in price. So think about that while you ponder investing in bitcoin.
i guess it depends on how many people are holding those. because unless all of them together start moving them i see no problem. we had some big events in the past and some panic sells, but nothing big enough to kill bitcoin, so why should they decide to sell altogether? why would they be interested in destroying the value they have?
Here is a pertinent question. Approx. 60% of all bitcoin minded have never moved. What happens if it starts to move? Holders will panic and the volatility will increase. Worst case scenario is a major depreciation in price. So think about that while you ponder investing in bitcoin.
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