Topic: Shrinking supply & way to get at old coins - page 2. (Read 2395 times)

Yeah but the owner of the coins need to really want to get up from the cold storage and move a portion to the scam artist, I wonder what could make him do that, imagining he's ok financially and don't have bills to pay.


For some people, yes, but even at the current levels, even selling 1k coins would allow you to more or less retire or at least take a job path that you like, so it won't incentivize you to spent the rest. Remember, those who still hold serious amounts of coins from single digits truly believe in the idea, no exceptions. I wonder what would move them to part with their precious

You forgot scams.

A thought - with all weak hands sold off during the move from 100 to 500, there's a shortage of coins besides a few speculative ones rotating on exchanges & newly minted ones.

I'd imagine big players who would want into the game once it reaches 4 digits would need to incentivize current holders to sell. What do you think can be done here, to break into the big old stashes, if raising the value of one coin is not enough in itself?

I can see several possible attack scenarios. First of all, plant the notion that bitcoin is doomed - either by regulatory means or spreading high-level FUD, we've seen some early signs of that. Second, we would see more and more of luxury high-ticket items (islands, large yachts, planes) being sold directly for BTC. Third, there (probably already are) many organized hacker groups going after the current holders. Fourth, creating bitcoin "banks" - secure storage companies - to get some old coins from people who don't feel comfortable storing large amounts on paper, later bing nationalized / stolen.

Anything I've missed here? From what I understand, we're talking about more than 50% of all mined coins being cold and never traded atm, with a possibility to get reintroduced at random time and seriously disturb the markets, and that fuzzy situation would be considered a major risk factor by all serious holders, so it will be dealt with before any world-wide acceptance takes place.