The problem with hoarding is that people don't invest their btc in businesses and technologies around bitcoin.
They just hoard and wait for the miracle to happen.
They just hoard and wait for the miracle to happen.
Exactly. And it could damage the concept of bitcoin.
If you buy gold, do you need to sel it next day to not damage the concept of gold
You don't need to sell your bitcoins tommorow. But some people already plan to hoard all their coins in a paper wallet under their bed for 4 years hoping it will be 1000000 us by then. It won't be that simple.