Post
Topic
Board Bitcoin Discussion
Re: Devaluation of bitcoin as an option for massive adoption (Innovation).
by
shield132
on 01/03/2025, 07:39:30 UTC
Having had interest for bitcoin among all altcoin, I tried to imagine if the price of bitcoin is reduced to atleast 80% so that It can be affordable, and before this is done a proper warning is sent to all the users and holders so that they can sell before time to avoid lost on their part and buy back when it is stable and relatively cheap.
This doesn't make sense to me. First of all, how can we be sure that Bitcoin's price is going to fall? We have to be sure about that because if we aren't sure, then we will cause artificial dump but that's not everything, how can you imagine Bitcoin holders getting message about upcoming crash but those who want to buy Bitcoin don't get that message? If I know that the price is going to crash, I'll try to sell my coins but who will buy them when they also know that price is going to crash? It doesn't make sense, I don't understand why you said that.

The world is now digitalise where induction, orientation and serious campaign about bitcoin is prevailing but the major constraint for adoption is the price which had made old users to benefit from the system. For instance to own a bitcoin in my country is above a million naira. Where will one get this money from as a newbie. Let it not be as if there is no hope for us that are new to the ecosystem.
Why should you own Bitcoin? There will only be 21 million Bitcoins but there are billions of people on earth. I'd focus on owning as much Bitcoin as I can. Don't get obsessed with number 1.