Of course, but there are instances of the opposite. I encounter both from time to time. For example I want to show someone a video while having a drink, usually it doesn't have to be crisp 4K 60fps, just play the god damn thing before we lose interest. Other times I want to watch a video, I'm in the middle of nowhere anyway, I have time and data in the monthly cap, just not enough bandwidth.
User choice and smart defaults would go a long way.
So, by doing this, you make sure your content can reach more people. Which, to me, seems to be the whole point of making and putting it online in the first place