they have to be traded constantly and thats just not happening enough ,its been said before but if you had a 5 dollar note and a bitcoin in your pocket you would buy your lunch with the 5 dollar note
No, I'd be thrilled to buy it with bitcoin and if I was dying to keep my investment 100% in bitcoins, I'd go home and buy more.
The "hoarding problem" is not really a problem as long as the exchanges are as easy to use as Bitfloor.
the current exchanges are anything but "easy to use "
intersango is fcked (cant get money in or out) ,gox has got too much rules and regulations and delays and i dont personally trust small exchanges with big transactions
so i would prefer person to person trading ,face to face if necessary
I didn't say anything about intersango or Gox. Let's try again.
Bitfloor is EXTREMELY easy to use.
Person to person is fine, once there are enough people using it. But online exchanges are necessary to get to that stage.