Quote from: Grant on January 12, 2013, 05:55:37 AM

Quote from: Currencevents on January 11, 2013, 01:41:09 AM

I have caught the Bitcoin Millionaire Syndrome. I think that some day my few Bitcoins may become worth anywhere from a small fortune to a large fortune. This means that I am much more reluctant to actually spend Bitcoins. Is it possible that this thinking and behavior is common among those who own Bitcoins and is it detrimental to the expansion of the Bitconomy? for a more in depth post look at http://wp.me/p2VF4G-r. Please forgive me for putting this on the wrong board.

Hoarding is limited due to "Time Preference", at times when bitcoins are overbought even the most bullish longterm speculators will find better shortterm returns elsewhere.

http://wiki.mises.org/wiki/Time_preference

Indeed... if my bitcoin holdings become too valuable I have a tendency to buy assets with them.