Ninjastic
PostEdited versionsQuotes to this post
Post
Topic
Board Economics
Re: Why You Should Never Sell Your Bitcoins Ever
by
richardsNY
on 12/01/2016, 21:36:09 UTC
Quote from: coinyard on January 12, 2016, 08:02:47 PM
Quote from: actmyname on January 09, 2016, 11:24:33 PM
Quote from: Dagmon on January 09, 2016, 08:58:50 PM
Quote from: mouneshwar123 on January 08, 2016, 04:49:01 PM
Don't let the bitcoin stagnant in your wallet, let it have some transactions. If bitcoins are stagnant the prices will go down someday.

If we just hold bitcoin in our wallet and do not use it, the bitcoin will be useless, so the price will go down eventually.

Supply and demand: the market requires change and transactions to grow.

By not using the bitcoins, you restrict the amount of trading that goes about. If everyone were to stop, then the price would drop down straight to 0.
No demand.

Maybe we first hold most bitcoin and trade with small amount of coins. When the market can absorb more coins, we will hold less and release more coins to the circulation.

The market has no problems with the actual amount of coins in circulation right now. People are hoarding as many coins as they can to be ready for the block halving. As soon as we reach a price of at least $900, we will see a lot coins that have been sleeping in their wallets for a long time, come to life. That's when we will know how the market reacts when a huge number of extra coins come into the market.