ugh thank goddddddd. finally someone who gets me.
another way i've thought about this -- say i tell you a bicycle is worth $1,000. you would laugh and say "hell no" but then if the next day you saw someone buying a bicycle for $1,200 then later that week 3,000 you might think "god damn i gotta get me on of them bicycles. the darn things multiply their value all the time". then you look out your window & realize..... nobody is riding bicycles, it's just the big price stickers at the stores are changing so much that people BELIEVE there is a demand when they can see with their own eyes that bicycles have not taken the commuter world by storm. they are just sitting in people's garages and occasionally some are bought/sold because now they're considered value stores. but when are they ever gonna get used as bicycles...
and since bitcoiners say "but you can use it as moneyyyy" let's add in that "some stores start accepting bicycles as payment for things like food, assuming that they in turn can later sell those bicycles since obviously they will never depreciate in value, right?"
o and let's not forget like half the bicycle supply is sitting in warehouses owned by the bicycle manufacturers, who buy and sell them to themselves to create the illusion of greater transaction volume :)