Why I think speculation and Hodling is so good for Bitcoin!

Malin Keshar

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Quote from: BTCfan1 on July 11, 2014, 06:33:19 PM

I expect that by the time some speculators are ready to cash out, Bitcoin will have reached such a high level of adoption that it wouldn't be practical to convert back to fiat Grin

or maybe they become too greedy that will just hold expecting even bigger gains.

keithers

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This is the land of wolves now & you're not a wolf

Quote from: cuddaloreappu on July 11, 2014, 12:06:47 PM

why is there a general aversion to speculators and Hodlers ?

That is because the speculator will cash out one day causing the price to fall down and even sometimes crash the market,this is the reason people hate and even say speculation is the mother of all evil, like it happened with dot com bubble..

But think again when it comes to bicoin, a speculator trying to buy bitcoin now and wishing to dump it at when it reaches a million dollar per coin , would never do so because the whole economy will be changed to a point where you can buy almost anything and everything with bitcoins, that is the reason a bitcoin goes for a million dollar each, with that the need to sell bitcoin does not arise for the speculator and he just spends the coin ultimately further strengthening the bitcoin economy.

So in bitcoin case it is very different, there will be no crash after the million dollar bitcoin.

It won't hurt the market if sellers sell off their holdings incrementally. It only hurts the market (temporarily), when someone sells off a big block of BTC that burns through all the current buy orders. Once this happens people usually swoop in to pick up the "cheap" coins, and the price stabilizes off again

BTCfan1

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I expect that by the time some speculators are ready to cash out, Bitcoin will have reached such a high level of adoption that it wouldn't be practical to convert back to fiat Grin

cuddaloreappu

hero member

Activity: 756

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why is there a general aversion to speculators and Hodlers ?

That is because the speculator will cash out one day causing the price to fall down and even sometimes crash the market,this is the reason people hate and even say speculation is the mother of all evil, like it happened with dot com bubble..

But think again when it comes to bicoin, a speculator trying to buy bitcoin now and wishing to dump it at when it reaches a million dollar per coin , would never do so because the whole economy will be changed to a point where you can buy almost anything and everything with bitcoins, that is the reason a bitcoin goes for a million dollar each, with that the need to sell bitcoin does not arise for the speculator and he just spends the coin ultimately further strengthening the bitcoin economy.

So in bitcoin case it is very different, there will be no crash after the million dollar bitcoin.

Topic: Why I think speculation and Hodling is so good for Bitcoin! (Read 820 times)