Dear Average Joe and Jane in the Bitcointalk Community,
I hope this appeal finds you well.
I am writing to appeal to you to please consider buying more bitcoins now and not wait for big institutions to start adopting it before making a decision. Why am I making this appeal to you? First, these big institutions, who may have bitcoin on their radar, do not necessarily care about bitcoin's current price when they decide to enter the market. Bitcoin may be at 50k or 100k; they do not consider the price. Their adoption approach mainly focuses on market sentiments and trends. To buttress my point, big institutions that would adopt bitcoin make the decision to invest based on their analysis of the bitcoin market's potential for growth, rather than the specific price at the time of entry.
Another reason why I appeal to you to buy bitcoin now is that there is always a price push from institutions when they enter the bitcoin market, as we have seen in the past. Because they buy thousands of bitcoins all at once, they create a lot of buying pressure that eventually leads to an increase in bitcoin's value. The result is that the price is driven up, and this makes it difficult for retail investors to buy bitcoin.
My Recommendations and Suggestions for You- The Dollar-Cost-Averaging Strategy: This strategy helps you create a plan to accumulate more bitcoins over time. With this strategy, you can invest a specific amount in bitcoin periodically at your convenience (e.g., weekly, fortnightly, monthly) irrespective of the price. Start now.
- Diversified Acquisition: My recommendation and suggestion for you is to also look into alternatives for accumulating bitcoin. These alternatives may include receiving bitcoin as payment for a good you have sold or a service you have rendered. By doing so, you will slowly increase the amount of bitcoins you own and potentially make a profit in the long run when there is a price surge.
Your Bitcoin Colleague,
AlphaKilo
I assume that
BTC is suitable for long-term hodling, so, yes, it's a good idea to buy it now. I think that btc can bring some profit in a couple of years... As for adoption, I think that adoption level will remain the same as it i now for a long time, because, first of all, the overall mining power is insufficient, especially if we want to transform btc into a system for everyday payments... Secondly, there are many uncertainties in legal status of btc: not all the uncertainties are easily solved, and some can't be solved at all, for example, the right to legally have btc assets can't be established, since blockchain-based currencies are anonymous. These things won't let adoption level be very high, however, some improvements will surely be done.
