Post
Topic
Board Speculation
Re: Gold collapsing. Bitcoin UP.
by
Morbid
on 15/11/2013, 20:16:54 UTC
the arguments against hoarding at the time went like this.  "unless Bitcoiners spend their money, there is no way the merchant economy can get off the ground".  this is so wrong on so many levels.  sometimes ppl just need to save money for rainier days.  it depends on their age in life.  savings can be used to lend to promising Bitcoin projects.  it also creates scarcity during this inflationary phase of reward issuance which helps support the price. point being, there will always be hoarders.  AND, there will always be spenders.  so my argument was just "STFU about hoarders. please".

i totally agree! i believe that running bitcoin business is unwise at times like these. they can run for the sake of bringing legitimacy only and not for profit - and why would they as they profit everyday by just holding coins they have. we need to wait for volatility to be less aggressive and then you'll see them sprouting out like mushrooms after rainy season.