Bitcoin Accumulation Sighted: http://news.goldseek.com/GoldSeek/1373983200.php
Bitcoin grows on reducing its use.. yeah, seems legit.
The more people horde, the more bitcoin goes up. This is a speculative market, so hording is a good thing, until adoption speeds up. (In which case we can expect another bubble, which may not be too far off.)
Or people will just buy altcoins and not pay exorbitant prices for the same thing? It isnt a good thing to have hording. Yes, $100 is $100, no matter if bitcoin is 1c or 10,000, but its room for growth is much different. Since all these coins are speculation & drugs, thats half of the battle.
And "weak hands" exiting the market are the people who might actually do economic activity with bitcoin, which is what will really cause growth.
Bitcoin Accumulation Sighted: http://news.goldseek.com/GoldSeek/1373983200.php
Bitcoin grows on reducing its use.. yeah, seems legit.
The more people horde, the more bitcoin goes up. This is a speculative market, so hording is a good thing, until adoption speeds up. (In which case we can expect another bubble.)
Bitcoin in the hands of more people is what will grow its ecosystem.
Truth.
