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Topic: Devaluation of bitcoin as an option for massive adoption (Innovation). (Read 495 times)

moneystery

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Re: Devaluation of bitcoin as an option for massive adoption (Innovation).

March 01, 2025, 06:23:17 PM

#41

it's like you're making bitcoin a centralized system, like a regulated product and the price can be changed at will.

just so you know, the price of bitcoin is not determined by one person, it's generated by supply and demand, so no matter what you can't change it at will-- make people sell their bitcoins so that others can get them at a lower price.

if people want to invest their money in bitcoin, then they can do it right away without waiting for the price to drop... because from the start there is no such thing as a bitcoin price that is too expensive, it all just requires someone's confidence to invest their money in a smaller amount of bitcoin.

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Hazink

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Re: Devaluation of bitcoin as an option for massive adoption (Innovation).

March 01, 2025, 10:41:44 PM

#42

Quote from: Nangiconference on February 22, 2025, 10:22:34 PM

Respect sir, how can I accumulate little bitcoin. I have came across a suggestion like this but I seem not to understand. I do have interest in bitcoin as a side hustle.

If you have your money ready for the process, you can use the same for all countries, but the processor to use will be different. If you have a little money you want to invest in bitcoin, you can first start with converting that money into USDT, which is one of the most popular pairs you can use, and then use an exchange or medium that is favourably available in your country. You can buy bitcoin with as low as $10, depending on the minimum trade amount of the exchange you use.

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notocactus

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Re: Devaluation of bitcoin as an option for massive adoption (Innovation).

March 02, 2025, 03:01:18 AM

#43

Quote from: Hazink on March 01, 2025, 10:41:44 PM

It's not the same in all countries because legality of Bitcoin is very different in many nations globally. With better adoption on Bitcoin, its legality becomes better recent years but it does not mean you can use bitcoins 100% similar in all or most countries.

Owning and storing bitcoin are easy and nearly same around the world, but if it is about trading, you might have legal issues with governments.
https://newhedge.io/terminal/bitcoin/legality-map
https://complyadvantage.com/insights/cryptocurrency-regulations-around-world/

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GigaBit

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Re: Devaluation of bitcoin as an option for massive adoption (Innovation).

March 02, 2025, 04:46:37 AM

#44

Quote from: Nangiconference on February 20, 2025, 11:10:52 PM

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 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.

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pooya87

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Re: Devaluation of bitcoin as an option for massive adoption (Innovation).

March 02, 2025, 05:17:00 AM

#45

I've been around ever since 2014 and I've seen price as low as $150 and let me tell you that all these years I've seen people call bitcoin "expensive and not affordable" no matter what the price was! Even at about $400 there were people calling it too expensive!!! So in other words, your idea is already debunked by historical facts. Nobody likes to see the future, they always like to dream about lost opportunities of the past.

If people who were calling bitcoin "too expensive" back when it was $200-$400 had bought it instead of dreaming and regretting having missed lower prices (like $10) today they would have had 200x profit at least.

Hopefully I can be around for another decade and tell same people in the future when they call bitcoin "too expensive" at $10 million price that some day some people were calling $80k "too expensive" as well.

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NotATether

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Re: Devaluation of bitcoin as an option for massive adoption (Innovation).

March 02, 2025, 07:02:35 AM

Merited by mr.mister (1)

#46

Quote from: pooya87 on March 02, 2025, 05:17:00 AM

Some people are thinking that Bitcoin is some thing that you can buy like the things sold in shops, and then get surprised when the price is anything greater than $10 or $50, for example.

I guess it's because they don't see the underlying utility in Bitcoin so to them it's like paying thousands of dollars for a stock.

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Iranus

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Re: Devaluation of bitcoin as an option for massive adoption (Innovation).

March 02, 2025, 07:27:16 AM

#47

Quote from: GigaBit on March 02, 2025, 04:46:37 AM

OP's dream can still come true because bitcoin is a volatile asset, it can go up from 100% to 1000%, it wouldn't be strange if it went down 80% and this has happened many times in the past.
During bear season Bitcoin always gets dumped and if I remember correctly, the last bear season was 2022, Bitcoin also dropped more than 75% if you count from the ATH of $69k and the lowest bottom of $15k. But what matters is if the market cycle repeats and the bear season comes and bitcoin gets dumped again. Will OP and those waiting for cheap bitcoin dare to buy or will they run away in panic?
Like now, bitcoin is also down more than 20% if counted from the highest ATH and can be considered a significant drop, but does OP dare to buy or is he starting to get scared?

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headingnorth

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Re: Devaluation of bitcoin as an option for massive adoption (Innovation).

March 02, 2025, 11:15:02 PM
Last edit: March 04, 2025, 01:47:30 AM by headingnorth

#48

Quote from: pooya87 on March 02, 2025, 05:17:00 AM

That is why 99% of people in the world are poor (and only 1% are rich), because they think like a poor person. Even after bitcoin just dropped all the way back to $80K they still won't buy it. If the price of bitcoin collapsed back down to $500 tomorrow I guarantee the same people who are wishing for an 80% drop would still be too scared to buy it.

When the bitcoin price goes to $200K (which no doubt it will IMO) they will be wishing it was still $100K. And they will still be poor while dreaming of $10 bitcoin.

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FortuneFollower

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Re: Devaluation of bitcoin as an option for massive adoption (Innovation).

March 03, 2025, 07:37:48 AM

#49

Quote from: headingnorth on March 02, 2025, 11:15:02 PM

Quote from: pooya87 on March 02, 2025, 05:17:00 AM

That is why 99% of people in the world are poor (and only 1% are rich), because they think like a poor person. Even after bitcoin just dropped all the way back to $80K they still won't buy it.
If the price of bitcoin collapsed back down to $500 tomorrow I guarantee the same people who are wishing for an 80% drop would still be too scared to buy it.

When the bitcoin price goes to $200K (which no doubt it will IMO) they will be wishing it was still $100K. And they will still be poor while dreaming of $10 bitcoin.

Their mindset would be their demise in the perspective.
Surely it's viable to only buy the dip, but there is no point in wanting more from what is already a great sell.

Btc will become more and more valuable no matter what.

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Bitcoin Smith

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Re: Devaluation of bitcoin as an option for massive adoption (Innovation).

March 03, 2025, 09:23:05 PM

#50

Money was never meant to be equally distributed. Even if you want, it can't be that's the decentralization of bitcoin gave it to the holders and why people started trusting something that can't be altered from it's maximum 21 million supply. What you can do is just create a fork of bitcoin or even better create one for yourself and make the people to buy it which is not something that you only that, literally thousands tried and failed.

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mr.mister

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Re: Devaluation of bitcoin as an option for massive adoption (Innovation).

July 25, 2025, 11:44:42 AM
Last edit: July 25, 2025, 12:08:46 PM by mr.mister

#51

Quote from: Nangiconference on February 20, 2025, 11:10:52 PM

Why do you want bitcoin to pullback 20%? When you look at the 4 year cycle, no matter what price you bought at, you "are in the money". Furthermore, There will be no warnings about price fluctuations, but you should not be worried about fluctuations if you are a long term holder. Again I point you to the 4 year cycle.....

MeGold666

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Re: Devaluation of bitcoin as an option for massive adoption (Innovation).

July 25, 2025, 12:23:59 PM

#52

Total nonsense.

Do not advertise gambling; it's a cancer.
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hero_the_bossman

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Re: Devaluation of bitcoin as an option for massive adoption (Innovation).

July 25, 2025, 12:30:04 PM

#53

Quote from: mr.mister on July 25, 2025, 11:44:42 AM

Quote from: Nangiconference on February 20, 2025, 11:10:52 PM

We just need to buy consistently - and everything will be great in the long run, with or without such big pullbacks.

Smartprofit

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Re: Devaluation of bitcoin as an option for massive adoption (Innovation).

July 25, 2025, 01:10:37 PM

#54

It is worth noting that until recently, Bitcoin was very cheap and affordable to buy. For example, in 2010, Bitcoin was worth less than a dollar. I remember one IT guy telling me that at that time, some weirdo was wandering around computer forums and offering people to buy 100 Bitcoins for $20. People responded that they were not that stupid to buy some incomprehensible digital fraudulent product. 🙅

Then in 2011, Bitcoin reached a phenomenal price of $32. Do you think people wanted to buy Bitcoin at such an attractive price? Of course not! After Bitcoin reached the price of $32, a bear market began, the first for Bitcoin, but certainly not the last. And during this bear market, people were not in a hurry to buy Bitcoin either. 🙎

However, even after 2013, when Bitcoin once again demonstrated that its price could grow, that it was a completely viable financial technology, billions of people living on planet Earth at that time still did not bother to buy at least one coin (note: even if they wanted to do this, there would not be enough coins for everyone). But most people were not interested in Bitcoin at that time ... 💆

During the bear market of 2018-2019, Bitcoin could be bought for 6,000 US dollars. However, people were waiting for the price of 2,000 US dollars. It was at this price that they were ready to buy the first cryptocurrency en masse. Why am I writing all this? Over its 15-year history, Bitcoin has repeatedly provided people with the opportunity to buy a coin at a very attractive price. However, only a minority took advantage of this opportunity. 🤷

If the price of Bitcoin now falls, for example, to 50,000 US dollars - do you really think that people will rush to buy it? Of course not! People will probably scream that the bubble has burst and Bitcoin is a scam. And only a minority who truly believe in this financial technology will buy it.☺️

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