Just my opinion
I think that Bitcoin devaluation will help Bitcoin, because this will redistribuite Bitcoins to a larger range of people who will be able to buy them at low prices.
This would be positive or the future of Bitcoin because there is not a good ratio fo distribution fo Bitcoins in the world.
I think that Bitcoin devaluation will help Bitcoin, because this will redistribuite Bitcoins to a larger range of people who will be able to buy them at low prices.
This would be positive or the future of Bitcoin because there is not a good ratio fo distribution fo Bitcoins in the world.
The absolute value of a bitcoin is meaningless. It could be a thousand times higher of a thousand times lower. Value is still understood in terms of fiat currencies, so $100 worth of Bitcoins is still $100 worth of Bitcoins. It's only a psychological barrier.
But I agree that this is actually very positive for Bitcoin. It shows that it can endure pretty serious assaults while not collapsing. I'm impressed. In April last year, BTC lost two thirds of its value in a matter of hours when MtGox's trading engine froze. Today, we have a bug/quirk/feature being weaponised against the entire network suspending withdrawals on major exchanges, arrests, bans - Bitcoin dips, sighs, then carries on.
Let's keep up the pressure. When TEOTMSAWKI comes, I will be up to my eyeballs in crypto.
