I have a very slow Internet connection (5 Mbps down, and even less for upload). Given that, I always download movies at 720p, since they have low file size, which means I can download them more quickly. Also, I don’t notice much of a difference between 1080p and 720p. As for 4K, because I don’t have a screen that can display 4K, I consider it to be one of the biggest disk space wasters.
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Same here I use to watch videos at 720p (sometimes even at 480p) 👍