Re: Are you holding your bitcoin for a price increase?

I am afraid that if everybody is holding bitcoins, transactions will decrease and there won't be a bitcoin economy

I think your wrong, if everyone holds bitcoins then less bitcoins will trade in the market and buyers increase then price will automatically increase.

And when its price hit US$300 people will sell some of their bitcoin, then the price will be decreased again. There is just a little chance for its price will reach atleast US$500 for next 2 years imo.

Your correct but now with all the new bad news about bitcoins it looks even longer time to reach that 500 level.

interesting to see what people believed 1 year ago...
$500 in 2017 should be possible.

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I hope to see the price of 500 much earlier. Hopefully somewhere this year. But in case the halving will not bring it, i am positive 2017 will bring bitcoin to a new 3-year high.