People have always been hoarding them. It's nothing new. You call it hoarding, others call it saving.
I've been saving a small amount and the rest I spend (normally on donations), but due to the high price I found myself hoarding more then when the bitcoin price was low. Although the price should not matter, so I guess it's something psychological.
Topic: Why do you hoard bitcoin? Would you spend them if they were easier to obtain? - page 2. (Read 2912 times)
July 25, 2011, 05:37:57 AM
July 25, 2011, 05:14:59 AM
A single bitcoin was worth what, a dollar just in April? and just pennies last year. I think Ill pass on buying some silly little nicknacks which could ultimately end up costing me thousands of dollars, thanks.
July 25, 2011, 04:34:34 AM
Many people are complaining these days about people hoarding bitcoins in speculation and not spending them as they should with any normal currency and this being a bad trend for bitcoin.
I have a suspicious feeling myself that if bitcoins were easy and fast to obtain, then people would not hoard them nearly as much. I think because of Dwolla and the 3 day wait, and then the transfer to Mt Gox or Tradehill, that we wait too long, and worry that bitcoins could skyrocket overnight.
Does this make sense, and how do you feel about it?
I have a suspicious feeling myself that if bitcoins were easy and fast to obtain, then people would not hoard them nearly as much. I think because of Dwolla and the 3 day wait, and then the transfer to Mt Gox or Tradehill, that we wait too long, and worry that bitcoins could skyrocket overnight.
Does this make sense, and how do you feel about it?
Jump to: