old coins don't move anywhere
Well yesterday alot of them did move! Can somebody figure out where to?
that was probaly me reorganising my wallets lol
Topic: Shrinking supply & way to get at old coins (Read 2393 times)
Well yesterday alot of them did move! Can somebody figure out where to?
that was probaly me reorganising my wallets lol
old coins don't move anywhere
Well yesterday alot of them did move! Can somebody figure out where to?
Everyone has a price. Everyone. Mine is US$10k. If bitcoins hit US$10k each I'll sell all of mine to all comers. Until then I'll hoard and not spend a satoshi.
Thats a high price my friend by anyone's measure. When do you think we will reach that?
10k usd at today's purchasing power?
That's too LOW to cash out imho!
If people 'hoard' coins if really does't matter. Bitcoins are divisible as needed to transfer money for goods and services across the world. Doesn't matter about coins not being used, unless satoshi decides to take a dump one day.
573 lol.
Everyone has a price. Everyone. Mine is US$10k. If bitcoins hit US$10k each I'll sell all of mine to all comers. Until then I'll hoard and not spend a satoshi.
Thats a high price my friend by anyone's measure. When do you think we will reach that?
573 days
Everyone has a price. Everyone. Mine is US$10k. If bitcoins hit US$10k each I'll sell all of mine to all comers. Until then I'll hoard and not spend a satoshi.
Thats a high price my friend by anyone's measure. When do you think we will reach that?
Easiest way of getting old coins is to pump and dump an altcoin.
Old age will probably be a motivator some day... Whats the point of having all the coins if you're not going to live to enjoy them?
A smart guy would get into the luxury goods business or start a supercar dealership and accept bitcoin. At this rate there is going to be a LOT of rich nerds out there.
This is a landgrab. Bitcoin barons, lords of the manor, kings of their castles will not be selling off very much of their land for any price.
Yes that's my point, old coins don't move anywhere, only getrichquick noobs sell. However, currently society works in such a way, that no wealth make any sense without power - even incredibly wealthy people who are forced to move to a new country get stripped down pretty quickly, unless they manage to regain power - political or military. With bitcoins, there are emerging wealth hubs that have zero power behind them. This is an imbalance that will have to be solved somehow, or the system would turn over on it's head. I know this is the outcome we all want, however I believe the system has very much resilience and will put up a fight.
Do we need to form a new independent country, which runs on bitcoin, and has (outsources) it's own military?
I know it's a bit far-fetched now, but one day this may actually become a serious question. How the bitcoin kings are going to protect their turf. 
Everyone has a price, but to many it is priced in BTC 
As Erik Voorhees said, "I already cashed out." There's no reason to sell for dangerously confiscatable, freezable, capital controlable, untransportable, undeniable fiat or gold.
Sure but he and others will spend it. Nicer house, nicer car, gifts to loved ones. As Erik Voorhees said, "I already cashed out." There's no reason to sell for dangerously confiscatable, freezable, capital controlable, untransportable, undeniable fiat or gold.
This is a landgrab. Bitcoin barons, lords of the manor, kings of their castles will not be selling off very much of their land for any price.
Everyone has a price, but to many it is priced in BTC
As Erik Voorhees said, "I already cashed out." There's no reason to sell for dangerously confiscatable, freezable, capital controlable, untransportable, undeniable fiat or gold.
As Erik Voorhees said, "I already cashed out." There's no reason to sell for dangerously confiscatable, freezable, capital controlable, untransportable, undeniable fiat or gold.
^this
Everyone has a price. Everyone. Mine is US$10k. If bitcoins hit US$10k each I'll sell all of mine to all comers. Until then I'll hoard and not spend a satoshi.
This is why bitcoin is a commodity, not a currency. As a currency btc could be great, as a commodity I am not so sure.
Everyone has a price. Everyone. Mine is US$10k. If bitcoins hit US$10k each I'll sell all of mine to all comers. Until then I'll hoard and not spend a satoshi.
This is why bitcoin is a commodity, not a currency. As a currency btc could be great, as a commodity I am not so sure.
Expect to see some pretty off-the-wall pet projects in the future...
That's what I would do if I had plenty of money... 
Price is enough incentive.
I have not a lot of them but I will certainly sell them (not all at once) when it is really be "life changing" for me.
Unfortunalty it will not happen before 10/50k per coin...
I have not a lot of them but I will certainly sell them (not all at once) when it is really be "life changing" for me.
Unfortunalty it will not happen before 10/50k per coin...
It's been "life changing" for the big holders meant here for a long time now. Clearly price alone isn't enough for some. And what would be the point of cashing out more than you might reasonably ever spend? So the people still holding on to tens of thousands of BTC are looking for something else, if they're looking at all. What that may be, probably depends on the individual.
Expect to see some pretty off-the-wall pet projects in the future...
Everyone has a price, but to many it is priced in BTC
As Erik Voorhees said, "I already cashed out." There's no reason to sell for dangerously confiscatable, freezable, capital controlable, untransportable, undeniable fiat or gold.
As Erik Voorhees said, "I already cashed out." There's no reason to sell for dangerously confiscatable, freezable, capital controlable, untransportable, undeniable fiat or gold.
Everyone has a price. Everyone. Mine is US$10k. If bitcoins hit US$10k each I'll sell all of mine to all comers. Until then I'll hoard and not spend a satoshi.
Price is enough incentive.
I have not a lot of them but I will certainly sell them (not all at once) when it is really be "life changing" for me.
Unfortunalty it will not happen before 10/50k per coin...
+1 I have not a lot of them but I will certainly sell them (not all at once) when it is really be "life changing" for me.
Unfortunalty it will not happen before 10/50k per coin...
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