News for hackers. Stuff that matters.

A comment on The Wealthy Are Hoarding $10B of Bitcoin in Bunkers. Parent comment

Re:The Wealthy Are Hoarding $10B of Bitcoin in Bunkers by lmm on Wednesday May 09, 2018 @11:17AM (#17030465)
Those dollars continue to circulate, contributing to a functional dollar economy. Those bitcoins don't, so we don't have a functional bitcoin economy.
[ Parent | on HN ]
Re:The Wealthy Are Hoarding $10B of Bitcoin in Bunkers by 21 on Wednesday May 09, 2018 @11:24AM (#17030527)
At some point, after the last central bank and Buffet bought bitcoin reserves, it will stop appreciating in value. Then it can start to circulate.
[ Parent | on HN ]
Re:The Wealthy Are Hoarding $10B of Bitcoin in Bunkers by lmm on Wednesday May 09, 2018 @06:21PM (#17034727)
But what bitcoin owner is going to be willing to sell up and lock in their losses? They'll keep HODLing to the end, with only the occasional sale (to someone else in the ever-shrinking circle of people who care about bitcoin) to meet immediate needs.
[ Parent | on HN ]