People should really start spending the bitcoins. This hoarding is just silly, it will create bubbles, as the price rises irrationally.
So start spending the bitcoins to avoid the bubbles
Not selling (back to fiat) but spending into BTC based goods and products.
So start spending the bitcoins to avoid the bubbles
Not selling (back to fiat) but spending into BTC based goods and products.
As the bitcoin marketplace matures over time, the market will smooth out this volatility. More 'coin in more hands is a major help, whether it be spent or HOADRed.
I was thinking the same if some one is not using his btc and tries to save them then how the price will go up. ?
Price will go up, that`s not the point. If the supply is limited then price always goes up.
The problem with that is that if nobody spends it, the price will go up irrationally, because altough the value of it hasnt increased, its just that people dont spend it, and this can cause bubbles, like the one in 2013.
By spending it, the price can become more dynamic and realistic, than just by keeping it on an offline wallet...