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Board Beginners & Help
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Is bitcoin doomed to fail because of all the horders?
by
jayleno
on 15/03/2013, 23:12:51 UTC
It seems like everyone is in this for the end game. That is the currency being very scarce and worth lots of money, IE. hoarders becoming rich. But if it appreciates so fast and everyone wants to just hold on to it. It isn't very liquid a commodity is it? Those people exchanging gift cards for bit coins etc, turn around and do what? Do they cash in their bitcoins usually for a marginal profit? Seems like hoarding might be artifically inflating the price of the currency. Just looking at the charts it seems 17 dollars is a more practical figure. Thoughts?