Of course, otherwise people will treat bitcoins like oil, another scarce resource, and not use either. Land too is limited, which is why it's never sold. /s Wh

Of course, otherwise people will treat bitcoins like oil, another scarce resource, and not use either. Land too is limited, which is why it's never sold. /s What this talk of the future value of things requires is a full understanding of opportunity cost, etc. If all you ever did was buy food, you'd get more if you didn't buy today and bought tomorrow, assuming food prices remained stable and your BTC increased. But you need food today. Similarly, you might want to start a business which would be more profitable than waiting for bitcoins to appreciate.