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A comment on Bitcoin Blows Past $9,000. Parent comment

Re:Bitcoin Blows Past $9,000 by alanfalcon on Sunday November 26, 2017 @04:56PM (#15783252)
Seems to me the market has found a value, and while it changes from day to day and even hour to hour, it’s still pretty determined.
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Re:Bitcoin Blows Past $9,000 by nwah1 on Sunday November 26, 2017 @05:11PM (#15783339)
The market found a value for beanie babies too. You are mixing up what classical economists called exchange value and utility.
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Re:Bitcoin Blows Past $9,000 by hndamien on Sunday November 26, 2017 @09:54PM (#15784491)
The exchange value in this case directly impacts the utility. If you are moving large amounts of wealth and the price is high, then the transfer bandwidth is also high. If the price is low then the transfer bandwidth is low. Ability to transfer wealth geographically with no counter party is the utility.
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