Depends. In many cases Stuff(life) > life. Having access to a toothbrush and toothpaste throughout my life enhances the quality of the life lived. A car saves tons of hours of life that I would otherwise have spent it walking from place to place, giving me extra time. A phone allows me to communicate with loved ones far away that I would never see otherwise. Books give knowledge and perspective that allow me to overcome many obstacles in life. etc.
A lot of it is worth it. Some of it is not. Time is not the only thing of import in this life, just ask any prisoner living a life sentence if he thinks he's lucky for having all that extra time.
Bitcoin is in a 100 year bubble. Happy? Taking about misleading people, yet here you are trying to convince people it's a bubble. If you're so sure why not short Bitcoin? I dare you.
I believe in Crypto, I believe it has a future and its need in this world. If you don't that's ok, stay in the side lines getting grumpier and grumpier as time passes.
Cryptocurrencies are not mutually exclusive, this is not Highlander, there can be more than one. Look at Ethereum, already at half the market cap of Bitcoin and it hasn't affected Bitcoin's price in the least. What Bitcoin has over the others is wide adoption and mind-share. Smart money will diversify regardless.
I'm neither blind or deluded. After catastrophes like the MTGox theft where trust was lost with Bitcoin, and the recent uncertainty with Segwith2x, the market has taken a dive but has always turned around. There are billions of dollars waiting in the side lines for opportunities to buy cheap Bitcoins. Weak hands lose their money to opportune investors when these things happen.
People look at price history of Bitcoin, see the hockey stick, and immediately call bubble. http://imgur.com/a/ifk2b
What they fail to realize is that these linear charts plot a $5 change the same distance when Bitcoin is $10 as when Bitcoin is $4000. Yet for Bitcoin to go up to $15 when it was $10 it had to increase in market cap by 50%. For bitcoin to go up from $4000 to $4005 it doesn't need jack squat, it's a rounding error.
A better view of Bitcoin's price is in log scale. Here you can see that the growth is steady: http://i.imgur.com/R9yQ8Dk.png
There is nothing special happening now, as there was nothing special when it went from $5->$10, $50->$100, $100->$200, $500->$1000, $1000->$2000. People just want them, and they are a finite resource.
