Storing of Bitcoins is against Bitcoin. - page 13.

Yakamoto

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Quote from: aso118 on November 10, 2016, 11:12:00 AM

Quote from: sotoshihero on November 10, 2016, 02:26:42 AM

Quote from: madwica on November 09, 2016, 10:58:14 PM

I think yes storing make the price slowly to increase because the demand of getting slower to increase specially if all users has good enough amount of store in each wallet.

I believe that also. When you store , the in circulation is lessen and when supply is lessen prices will go up. That is the law of supply and demand.

Demand and supply vs Network effect.
The more you spend, the more people will adopt Bitcoin. This will lead to an increase in prices.

Doesn't really seem like a good representation of what I assume you're trying to say.

Spending more -> lower fiat value from businesses doing quick exchanges -> more people buy and get involved -> more money eventually enters the Bitcoin economy -> values go up.

Makes sense when you break it down a bit more.

croutonhexagon

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Obviously bitcoin was designed for peer to peer payment system but what is happening is that traders and some common people are holding bitcoin for price hike and sell in higher price. But we should take advantage of bitcoin by using it in day by day usage because it doesn't have taxes and it's transaction fees is minimal

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Quote from: sotoshihero on November 10, 2016, 02:26:42 AM

Quote from: madwica on November 09, 2016, 10:58:14 PM

I think yes storing make the price slowly to increase because the demand of getting slower to increase specially if all users has good enough amount of store in each wallet.

I believe that also. When you store , the in circulation is lessen and when supply is lessen prices will go up. That is the law of supply and demand.

Demand and supply vs Network effect.
The more you spend, the more people will adopt Bitcoin. This will lead to an increase in prices.

Babayega31

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Quote from: Monnt on November 10, 2016, 09:15:18 AM

Quote from: sotoshihero on November 10, 2016, 02:26:42 AM

Quote from: madwica on November 09, 2016, 10:58:14 PM

I think yes storing make the price slowly to increase because the demand of getting slower to increase specially if all users has good enough amount of store in each wallet.

I believe that also. When you store , the in circulation is lessen and when supply is lessen prices will go up. That is the law of supply and demand.

But to gain popularity, we must need a possible least circulations all the times. Without that, there will not be any differences between storing all and got vanished. But practically I agree, all people will not store all of their bitcoins at a time. Still we need more business and circulations to make bitcoin familiar to every one of this world.

Most of the talk here says it will increase the price if you store? I don't think so, it depends on the bitcoin price trend market selling strategy, what if they put to price to lower and many will buy and whats the reason of those people to store their bitcoin they no option but to circulate that again for them to earn their profit. There were just times that bitcoin lessens its supply due to demand of those who option to buy while the price is right but shortage of bitcoin supply would not happen because there are lots of sellers online.

Zigsss

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Quote from: Senor.Bla on November 10, 2016, 03:29:24 AM

Quote from: sotoshihero on November 10, 2016, 02:26:42 AM

Quote from: madwica on November 09, 2016, 10:58:14 PM

I think yes storing make the price slowly to increase because the demand of getting slower to increase specially if all users has good enough amount of store in each wallet.

I believe that also. When you store , the in circulation is lessen and when supply is lessen prices will go up. That is the law of supply and demand.

but if if nobody is selling, because of the holding, then no mater how high the price is, there should be no circulation. and if one smart dude sell and gets a good price others will follow. guess what happens to the price next.

You are right but I do not think that this will happen if I have to be honest, its just that there always will be a demand of selling and buying at the bitcoin no matter what..

Monnt

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Quote from: sotoshihero on November 10, 2016, 02:26:42 AM

Quote from: madwica on November 09, 2016, 10:58:14 PM

I think yes storing make the price slowly to increase because the demand of getting slower to increase specially if all users has good enough amount of store in each wallet.

I believe that also. When you store , the in circulation is lessen and when supply is lessen prices will go up. That is the law of supply and demand.

But to gain popularity, we must need a possible least circulations all the times. Without that, there will not be any differences between storing all and got vanished. But practically I agree, all people will not store all of their bitcoins at a time. Still we need more business and circulations to make bitcoin familiar to every one of this world.

Senor.Bla

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Quote from: sotoshihero on November 10, 2016, 02:26:42 AM

Quote from: madwica on November 09, 2016, 10:58:14 PM

I think yes storing make the price slowly to increase because the demand of getting slower to increase specially if all users has good enough amount of store in each wallet.

I believe that also. When you store , the in circulation is lessen and when supply is lessen prices will go up. That is the law of supply and demand.

but if if nobody is selling, because of the holding, then no mater how high the price is, there should be no circulation. and if one smart dude sell and gets a good price others will follow. guess what happens to the price next.

sotoshihero

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Quote from: madwica on November 09, 2016, 10:58:14 PM

I think yes storing make the price slowly to increase because the demand of getting slower to increase specially if all users has good enough amount of store in each wallet.

I believe that also. When you store , the in circulation is lessen and when supply is lessen prices will go up. That is the law of supply and demand.

stomachgrowls

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Quote from: bitcoinmasterlord on November 10, 2016, 02:02:47 AM

Quote from: clickerz on November 09, 2016, 11:48:49 PM

Quote from: mastica on November 09, 2016, 11:39:40 AM

People does store gold, and do you think those affect those marketplace? No, it doesnt affect, soo why would it affect bitcoin, be sure some people still hold their coins and wont sell them anything lower then 1000 dollars, and there is 7 years of bitcoin, and people will wait more time to dump them.

There is a difference between a gold and bitcoin. Gold is mined and we do not know the supply while bitcoin has a specific supply only. When it is hoarded, then there is a time that we will have a limited supply.

In the market data, you can find all those demand and supply information about all products. In both categories, prices will go up when demand goes up. If most of the people holds bitcoins and individuals still want to buy and there is not supply available in the market then automatically prices will go up.

If supply would be scarce for sure the price would go up and we all know about the law of supply and demand. Storing bitcoins isnt ideal thing to do because it wont help bitcoins ecosystem to grow but the price increase would be possible . as long there are people would actively spend their bitcoins.

bitcoinmasterlord

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Quote from: clickerz on November 09, 2016, 11:48:49 PM

Quote from: mastica on November 09, 2016, 11:39:40 AM

People does store gold, and do you think those affect those marketplace? No, it doesnt affect, soo why would it affect bitcoin, be sure some people still hold their coins and wont sell them anything lower then 1000 dollars, and there is 7 years of bitcoin, and people will wait more time to dump them.

There is a difference between a gold and bitcoin. Gold is mined and we do not know the supply while bitcoin has a specific supply only. When it is hoarded, then there is a time that we will have a limited supply.

In the market data, you can find all those demand and supply information about all products. In both categories, prices will go up when demand goes up. If most of the people holds bitcoins and individuals still want to buy and there is not supply available in the market then automatically prices will go up.

clickerz

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Quote from: mastica on November 09, 2016, 11:39:40 AM

People does store gold, and do you think those affect those marketplace? No, it doesnt affect, soo why would it affect bitcoin, be sure some people still hold their coins and wont sell them anything lower then 1000 dollars, and there is 7 years of bitcoin, and people will wait more time to dump them.

There is a difference between a gold and bitcoin. Gold is mined and we do not know the supply while bitcoin has a specific supply only. When it is hoarded, then there is a time that we will have a limited supply.

RealPhotoshoper

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Quote from: n0ne on November 09, 2016, 10:49:06 PM

Quote from: mastica on November 09, 2016, 11:39:40 AM

People does store gold, and do you think those affect those marketplace? No, it doesnt affect, soo why would it affect bitcoin, be sure some people still hold their coins and wont sell them anything lower then 1000 dollars, and there is 7 years of bitcoin, and people will wait more time to dump them.

Gold as a investment and commodity has huge capital and acceptance among the common man compared to our bitcoin. So, at present at least a minimal amount needs to be spend which might help more and more users who were unaware of bitcoin. Storing is not against bitcoin but very big amount holding affects the price.

Basically holding bitcoin for long long time is not really agaisnt bitcoin .
It is just the matter of how people make a contribution to bitcoin network .
You maybe can imagine if then noone spend bitcoin , they are just holding nothing else. What do you think will happened to bitcoin? Slowly might dead.

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Quote from: coinsocieties on November 09, 2016, 10:15:39 PM

Quote from: PieCrafted on October 26, 2016, 08:35:31 AM

I think storing is not against the bitcoin alrotugh its not pretty good for the economy a lot of people are doing this because if the fact that the bitcoin is gonna rise in its price.
This price increase is because of the halving and people are waiting on it because of that.

I agree with this and that bitcoin will raise. Look at bitcoin from the door, $12 per coin and now it is worth 50x that. There is so much potential when it comes to bitcoin, it would be stupid not to save some if you can afford to do so.

But the price appreciations up to today's level were seeming as a original value realization of bitcoin currency, not due to demand hype in my personal opinion. Maybe in upcoming future storing bitcoin will be giving practical effects into the value of bitcoins. When people are not aware of one system and creating its demand by storing will not give any effective results.

madwica

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I think yes storing bitcoin make the bitcoin price slowly to increase because the demand of bitcoin getting slower to increase specially if all users has good enough amount of bitcoin store in each wallet.

n0ne

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Quote from: mastica on November 09, 2016, 11:39:40 AM

People does store gold, and do you think those affect those marketplace? No, it doesnt affect, soo why would it affect bitcoin, be sure some people still hold their coins and wont sell them anything lower then 1000 dollars, and there is 7 years of bitcoin, and people will wait more time to dump them.

Gold as a investment and commodity has huge capital and acceptance among the common man compared to our bitcoin. So, at present at least a minimal amount needs to be spend which might help more and more users who were unaware of bitcoin. Storing is not against bitcoin but very big amount holding affects the price.

coinsocieties

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Quote from: PieCrafted on October 26, 2016, 08:35:31 AM

I think storing is not against the bitcoin alrotugh its not pretty good for the economy a lot of people are doing this because if the fact that the bitcoin is gonna rise in its price.
This price increase is because of the halving and people are waiting on it because of that.

I agree with this and that bitcoin will raise. Look at bitcoin from the door, $12 per coin and now it is worth 50x that. There is so much potential when it comes to bitcoin, it would be stupid not to save some if you can afford to do so.

groll

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Quote from: Senor.Bla on November 09, 2016, 12:53:20 PM

Quote from: mastica on November 09, 2016, 11:39:40 AM

People does store gold, and do you think those affect those marketplace? No, it doesnt affect, soo why would it affect bitcoin, be sure some people still hold their coins and wont sell them anything lower then 1000 dollars, and there is 7 years of bitcoin, and people will wait more time to dump them.

the difference is that gold is already known in the world. bitcoin is not. to make bitcoin known we need a growing ecosystem and therefore transactions. let us say you have invented a new coin or found a new precious metal. but only you know about it. what is the value of it? also bitcoin is supposed to be money, which is invented so we can trade. so why would you not want to use it?

I agree that we should make our bitcoins grow and roll by making transactions out of it. We should make it known to the world. Trade it and make profit from it. So it would more to become famous and be used by many. Storing bitcoin is not a bad thing. And I think it wont be against itself. But If we want faster growth of our money, so we have to let it out for trading.

Senor.Bla

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Quote from: mastica on November 09, 2016, 11:39:40 AM

People does store gold, and do you think those affect those marketplace? No, it doesnt affect, soo why would it affect bitcoin, be sure some people still hold their coins and wont sell them anything lower then 1000 dollars, and there is 7 years of bitcoin, and people will wait more time to dump them.

the difference is that gold is already known in the world. bitcoin is not. to make bitcoin known we need a growing ecosystem and therefore transactions. let us say you have invented a new coin or found a new precious metal. but only you know about it. what is the value of it? also bitcoin is supposed to be money, which is invented so we can trade. so why would you not want to use it?

mastica

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People does store gold, and do you think those affect those marketplace? No, it doesnt affect, soo why would it affect bitcoin, be sure some people still hold their coins and wont sell them anything lower then 1000 dollars, and there is 7 years of bitcoin, and people will wait more time to dump them.

chineseprancing

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Me too i do not agree with hoarding bitcoin for a long time which has a big effect on the price of bitcoin because the demand will slowly increasing due to more user has good enough bitcoin in their wallet.

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