Potential... that was my point -- that in a discussion about the present-day utility of bitcoin, unrealized potential does not apply.
Isn't that just about the entire point of speculating in something? You hope that the future value will be higher. If the potential was fully realised now, that would not happen.
That's when it's time to sell.
Any discussion about speculating in price movements has everything to do with unrealised potential as compared to present day utility.
So you admit that BTC has unrealised potential then?
Ding ding ding... time to buy.
Speculation is counter productive and wrong. If everyone just tried their best to use bitcoin and tell others about the benefits, we would all make way more money than by speculating.
but how would we ever have attracted the userbase and development we did without the profit incentive that high prices wrought by speculators brought?
just let the market do its thingThe market doing its thing is what causes the cycle of financial crises and wars. If everyone would just buy, hold and use bitcoin for everything they can, the price would already be much higher and even more people would be getting into it now. People think they are making money selling "high" and buying low, but its peanuts compared to what an army of dedicated believers could accomplish.