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How many people paid an ISP in the hope that someone would pay them more for their account at a later date? If you're buying bitcoin because of some utility it
by canoebuilder 9y ago
How many people paid an ISP in the hope that someone would pay them more for their account at a later date?
If you're buying bitcoin because of some utility it offers you beyond speculation, the price doesn't really matter. You just exchange one monetary denomination for another and do whatever you plan to do with it.
When you buy something like an internet connection or any other good or service you perform a cost benefit analysis. For example, if internet connections were 100x their current price, many fewer people would have one.(And interestingly for a network like the internet, the higher the cost to access, the less users, and thus less useful because of the network effect.)