Quote from: Akoldi_ibk on September 09, 2018, 06:51:55 PM

Quote from: Kakmakr on August 30, 2018, 07:38:04 AM

I see a lot of people that are hoarding 100% of their bitcoins, because they believe cutting off the supply, would be enough to increase the price.

Would it not be better, if we increased the demand by increasing Bitcoin awareness and convincing more merchants to offer Bitcoin payments?

A 100% hoarding strategy is more harmful, because it cancels all the good work that was done to get merchants to accept Bitcoin as a payment option. A merchant will stop accepting Bitcoin, if their is no demand or transactions being generated for their business from the Bitcoin payment side.

We should actively encourage local merchants to start accepting bitcoins and then we should start supporting them.

Just buy back the bitcoins that you spend and you will be fine or use money that you would not have hoarded and buy the goods or service with bitcoins.

Adopt a 80% hoarding and 20% spending strategy and we will see a massive increase in Bitcoin adoption Cool

I absolutely agree with your point and your strategy. However, everyone knows what works best for him/her. Meanwhile let's not forget that the supply of bitcoin is fixed. The focus should be on demand which will be drive by merchants accepting bitcoin as payment method.

Right.We should have more focus on the demand itself because if the demand increases,the price will continue to rise up and will reach new heights.More people will benefit from it especially for those who have made long term holding of bitcoins.Eventually more merchants will start to accept bitcoins in exchange for goods and services.