> If I know bitcoins will continue to increase in value because math, why on earth would I ever exchange them for something that doesn't? You wouldn't, until t

> If I know bitcoins will continue to increase in value because math, why on earth would I ever exchange them for something that doesn't? You wouldn't, until the marginal utility of an item or service outweighs the future value of those bitcoins. That's like asking, why would anyone ever buy a new laptop? Just wait until next year, the models will be faster and cheaper. It's true, it will always be better to buy a laptop next year. However at some point it becomes more valuable to consume the laptop now than to continue waiting. In the aggregate when considering the varying time preferences of consumers, new laptops are sold all the time.