>>>If the goal is transacting business in a secure, anonymous, inflation proof currency,
>>>then there's no reason to sell them. They won't lose value, and if other people sell
>>>theirs, they will actually gain value.
>>
>>Well they were worth 5 bucks two years ago and now today they're worth over 100
>>bucks. I would think that would be a reason to sell.
>
>Many would argue that's a reason to hold on. Their value will go up and up as fewer of them are in circulation because there are only a fixed number which exist and those who have them, so long as they're continued to be accepted by people, will only gain buying power as people hoard them and bring them out of circulation.
>
>A car that cost 500 bitcoins yesterday, tomorrow might cost 300 because their value has gone up. A strange concept to us where we think "inflation is the norm." It's not. It's a theft against everybody who uses the currency.
>
>
>> I think the real question at this point should be - is there a bubble?
>
>Don't know. We need a free system of currency that can't be controlled by a few, and exists as point-to-point away of banks. Bitcoins work well for that. I think the bubble might exist because it is a new fad many people are just now becoming aware of and are buying in to. But as time goes on it will become less faddish and more desirable as a stable currency as the dollar and other currencies fluxuate.
>
>The concept of the Bitcoin is truly ingenious.

Call me dense. I still don't understand. What's the point of my giving you my bitpoints if it's not for something you have that I want or need? If you have something I want or need, what stops you from saying that, while yesterday that something was worth 2 bitpoints, today it's 4? It's what vendors to now, why would that change?