Quote from: jwzguy on March 22, 2013, 12:32:06 AM

Quote from: dendory on March 21, 2013, 11:53:04 PM

Isn't the value of something always depending on offer and demand? Right now there is a lot more offer than demand which is a problem, and could lead to a crash. If everyone realizes that they have huge piles of coins and no way to transfer them to goods or other currencies, that could drive the price down. The way to ensure BTC's future is to see many more companies start accepting payment in BTC.

Right now there is a lot more demand than supply.

Do you think this is because people are holding onto their BTC?

I picture those with large btc wallets holding onto them waiting for the time to sell, which is always tomorrow with BTC's value increasing. IMO, that is a likely reason supply is low.