Quote from: deisik on March 05, 2017, 11:09:11 AM

Quote from: Xester on March 05, 2017, 08:08:18 AM

Quote from: ranochigo on February 26, 2017, 04:07:46 PM

Bitcoin will die. Same with any other currency, if there's no one using it, there's no reason for it to exist.

With no one spending Bitcoins, there wouldn't be any transaction volume. With the no one trading on the market, Bitcoins will be worthless.

That will be the extreme result or end if no one will spend their bitcoin and just hold it. If there were no sellers there will be no market. Seller and buyers are necessary to create a market that is founded on supply and demand. Bitcoin though it is a currency it is still considered to be a commodity. But this kind of commodity will not have a value if nobody sells it

This is a short-sighted and narrow-minded approach

It doesn't take into account that Bitcoin can be used for an exchange of real goods when (if) the real economy builds around Bitcoin. That would basically make the market for Bitcoin currency exchange operations largely irrelevant. In that case, no one could be selling as well as buying Bitcoin but it would still prosper since it would be used directly, i.e. as a currency, for the exchange of goods and services

I do agree. Although if the price of bitcoin gets really high then people can spend it anytime.
Thinking just for a thousand satoshis you can buy something online then why not.
But for now, I do think it is better to just hold it than spending it.
Maybe in the future when all bitcoin is mined then we can somehow circulate it with online shopping.