Quote from: dedcoin on August 30, 2014, 12:55:39 PM

Quote from: oda.krell on August 30, 2014, 12:50:10 PM

Partially true, partially wrong, OP.

I think it was user Rampion who phrased it something like "the long-term holders are the ones who provide the price foundation of BTC, and the shorter-term investors - and I would add: users - are those who once in a while primarily drive the 'growth spurts' to the next price level."

I think hoarders are using BTC as store of value (at best). But it's at their own risk. Cause it might also fail.

What I am proposing is a win-win situation. Using BTC will only make it stronger and more spread. Ultimately, merchants will keep BTC instead of dumping it immediately.

I don't disagree with you on that: we need adoption (both by buyers and sellers) to grow, otherwise, it's mainly speculation.

But I added two points to that: a) holders are users as well, using btc as a store of wealth, and b) because of their reluctance to sell, their participation provides a price/market cap floor (which is useful as well).

tl;dr Use Bitcoin for transactions/e-commerce as much as possible, but let's not demonize holders either.