Quote from: danggoron on December 01, 2019, 05:23:02 PM

Quote from: Darooghe on November 27, 2019, 08:23:33 AM

In my opinion, people hoard until they don't. so a higher price turns some of those hoarders into sellers or spenders. however, it doesn't follow that hoarding bitcoins will make them worthless. If everybody stopped selling immediately and hoarded their coins, the price would go through the roof which arguably has a much greater impact on encouraging merchants and individuals to accept Bitcoin. wouldn't you agree?

Yes, I agree. Basically, bitcoin can be used as an investment tool and commodity trading. Depending on the passion of each user. Not that those who choose to hold bitcoin cannot take maximum advantage over those who choose to trade or vice versa, but each has a strategy, advantages, and disadvantages.

Bitcoin has been the thing for about 2 years many sees it as an investment and not a currency at all. But I personally think of it as a commodity, means of trading of services and goods. What makes people hold of bitcoin when they expect of somehow a return based on what they capitalized. I do both, means of trading and holding to attain gains from any direction especially when the market is unideal.