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How and when did hoarding bitcoin become a myth? Last I checked number of transactions per day was decreasing. And the C2C aspect you describe is unlikely to ta
by tron657 12y ago
How and when did hoarding bitcoin become a myth? Last I checked number of transactions per day was decreasing. And the C2C aspect you describe is unlikely to take off given the ease of cash or tools like Venmo, and lack of availability of bitcoin apps on iOS.
The myth here is that "people want to spend bitcoin." Just take a look at the bitcoin transaction volume merchants are seeing beyond the first few days.
- baby 12y ago> Last I checked number of transactions per day was decreasing. Are you looking day to day trends? Because if you step back a little you'll see that transactions have done nothing but increase.
- battani 12y agohttps://blockchain.info/charts/n-transactions https://blockchain.info/charts/n-transactions We see a decrease since December and otherwise flatlining. And this includes the trading volume that happens on the exchanges which has increased.
- baby 12y agoOnly if you compare it to the peak of December, otherwise it's clearly rising.
- deleted 12y ago[deleted]
- beaner 12y agoMy point was not that hoarding is a myth - my point was that "people will not spend bitcoin, because they will only hoard it" is a myth. Have you actually talked to people who own bitcoin? They want places to spend it. > Just take a look at the bitcoin transaction volume merchants are seeing beyond the first few days. This doesn't really mean anything. First-day enthusiasim can't be held as representative of the greater trend. The greater trend being that more merchants are accepting bitcoin over time, and more bitcoin is being spent on real things.