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If you had 1000 coins in 2010 that cost you 100 dollars, you don't think you're already going to sell out? People can only sell their coins once, and then they
by drcross 9y ago
If you had 1000 coins in 2010 that cost you 100 dollars, you don't think you're already going to sell out? People can only sell their coins once, and then they are distributed to many, many people.
- lokedhs 9y agoAs another commenter said, the problem is that bitcoin can't devalue. Inflation is what drives people to spend their money rather than sitting on it, waiting for it to increase in value. I certainly have no intention of spending my bitcoin. Not because I don't have anything to spend it on, but because if it becomes more popular, then by definition it will have to increase in value by a huge number. Unless of course it collapses before then.