Post
Topic
Board Beginners & Help
Re: hoarding bitcoins
by
pbass
on 16/01/2014, 21:13:28 UTC
That was in 2013 and this year more people know about bitcoin. There are future valuations for bitcoin being thrown around like, 10k, 46k, 100k even 1 million and the people giving those valuations are no fools either. What was the price of bitcoin back when SR was raided? Since then the price has gone up a lot and lots of people are very bullish about it.
I just don't understand what happens if people keep hoarding them in hope of a 10k or 100k price. I bought mine with no intention of ever buying anything with them, which is what speculators do and a lot the bitcoin market is now speculators trying to make money from buying their coins at a lower price than selling them.