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comment by user-inactivated
user-inactivated  ·  4000 days ago  ·  link  ·    ·  parent  ·  post: Three Graphs Proving Bitcoin Is a Bubble

    So, as a customer who owns a sizeable amount of BTC. Wouldn't it make sense to not buy anything with it and just keep holding the value increases? Then, it loses it's purpose as a currency and it becomes a commodity, a commodity entirely based on getting more people to invest in BTC to make money because it has no intrinsic value.

Yes! I'm trying to find something I read that elegantly illustrating this exact point -- I actually thought it was in the article above -- but I can't yet.