Quote from: voyagr on April 28, 2013, 06:39:43 PM

Quote from: WishIboughtearlier on April 28, 2013, 06:28:42 PM

Does anyone see a problem with deflation and massive hoarding after all of them have been printed out?

Yes, you are right. Why would I sell my bitcoins, knowing the price will always go up. A market can only exist with a bid-ask side.

Well, simple - it doesn't *always* go up. It dropped to $55 last week and rose back to ~$135 today. And if you look at the charts the price can fluctuate by 3%+ in a single minute a few times per day. The real world isn't as simple as some economic model you see..

martinkou

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