Hoarding Bitcoin is a Good Thing

[JalToorey]

You are trying to suggest that needing bitcoin's in order to transact and therefore circulate, also somehow causes a scarcity. This is not a real thing. It is your reasoning you are twisting to support your conclusion, which is not a scientific approach.

[zju]

Yes. That is exactly what I am saying. There is a maximum number of bitcoins that can be used in transactions during any period of time. That makes bitcoins a scarce resource and it gives them value. The more demand for bitcoins for use in transactions, the higher the value.

Yes I understand you, but you are saying something that is non-sensical. When people circulate money, it is not getting more "scarce". It does not create value. Circulated money does not go up in value. Hoarded money goes up in value. This is how accepted economic science works. Otherwise we could just keep sending bitcoin's back and forth and the price would go to the moon. That is absurd.

In order for a person to send bitcoins, they have to hold the bitcoins for at least some period of time. That (and hoarding) is what limits number of bitcoins available for circulation. Circulation requires bitcoins, which are a limited resource. That is what gives bitcoins value. More circulation increases the demand for bitcoins, which are a limited resource. Increased demand increases value.