I wonder if many people are putting off buying a bitcoin to hang onto, due more to trivial inconvenience than calculation of expected value. There’s a bit of work involved in buying bitcoins, either getting your funds into mtgox or finding someone willing to accept paypal/other convenient internet money sources.
At the level of buying just one bitcoin the convenience is more than trivial. Even just in the financial burden of the bank transfers changes the expected value calculation quite a bit (allthough the cost seems to be reducing somewhat).
At the level of buying just one bitcoin the convenience is more than trivial. Even just in the financial burden of the bank transfers changes the expected value calculation quite a bit (allthough the cost seems to be reducing somewhat).