Hoarders? You've heard of BitcoinJam right? If you feel that way then go lend your coins to startups and people there you filthy miser 
I think it all depends on how the dev team handles it and the community remains pretty anarchistic Bitcoin will probably do well, but I'm feeling fairly cautious right now, I'm still betting on Bitcoin because it's a wise move and really damn cheap right now
, but when I can afford it I'll probably diversify into gold and silver.
I think it all depends on how the dev team handles it and the community remains pretty anarchistic Bitcoin will probably do well, but I'm feeling fairly cautious right now, I'm still betting on Bitcoin because it's a wise move and really damn cheap right now
, but when I can afford it I'll probably diversify into gold and silver.Yeah.... The only reason Diamonds are so expensive is becuase debeers has like 1,000 tons of the stuff locked beheind closed doors in Antwerp. Scarcity = Values.... HELLLLOOOOOOO Adam Smith!
Scarcity, so you are saying that horders are artificially inflating the price of the currency basically, right? That was my original concern... Thanks for your perspective.
On another note, I just want to say I'm not trying to start an issue here. I am just an average Jay considering investing in Bitcoins and this is pretty much my main major concern. If horders and losers, (in the sense of losing their bitcoins) really build up there won't be enough liquidity to attract major retailers. I wish the currency itself could increase its value on a fix scale much like it's quantity does as well.