Post
Topic
Board Bitcoin Discussion
Re: Does hoarding really hurt Bitcoin?
by
adamselene
on 15/05/2018, 21:23:55 UTC
No, that's a silly statement that's been put forward by different groups over time. Altcoiners use it as a knock against BTC during times of high volume / fees. People who look down on price discussion and traders use it as a 'holier than thou' device while secretly praying for the moon.

The fact of the matter is, just like any tech, the use case will reveal itself in surprising ways. If during this era of price discovery, people consider hodling (digital gold) to be a more valuable use for BTC than as a currency, then who are we to force our POV on the market? But I suspect that as second-layer stuff gets more robust and easier to use, and the price finds some stability, we'll see the return of bitcoin as a medium of exchange.