Re: Devaluation of bitcoin as an option for massive adoption (Innovation).
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.
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.
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.
The dream you have about Bitcoin will never be realized. Because Bitcoin is completely different from Altcoins. Those who bought Bitcoin bought it consciously. If ever the price of Bitcoin decreases, it will recover quickly, even if for a short time, because the demand for Bitcoin is very high. When the price decreases, investors start buying with more enthusiasm. So there is no chance of its price decreasing. The trend of Altcoins is completely different. After a big price increase of those coins, it returns to the bottom again.
https://blog.whitebit.com/en/what-is-dollar-cost-averaging-strategy-in-crypto/
As an new investor, you have nothing to worry. You can also buy Bitcoin if you want. Maybe it is not possible for you to buy a Bitcoin, but if you follow the DCA in Bitcoin investment according to your ability, then you can become an owner of Bitcoin in the long term. When the price of Bitcoin drops a bit, you can increase your total Bitcoin holdings by buying more if you want. You can also become a big Bitcoin holder after accumulating Bitcoins for a long time.