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

[john_egbert]

I quite understand your concern as someone who has been in your shoes before but what you're suggesting is not realistic. First of all, you have to understand that Bitcoin is not like your currency that government and central banks have authority to decide on what happens to it. There is no central authority that regulates Bitcoin price in the first place so how do you think devaluation would take place? Absolutely, no individual or authority has power to slash bitcoin price to make it affordable for people.

Moreover, even if you make Bitcoin free to accumulate some people will still miss out giving some excuses. And again, you don't need to own a complete bitcoin, with the little money you have you can accumulate as little as you can afford until you get a satisfactory portion. Not everyone actually has a complete coin thou.

Totally right. BTC regulates itself just fine.
And with that in mind, we will push forward and strive for even bigger adoption and greatness for BTC.

[Queentoshi]

...

You raise a very valid point about the Bitcoin’s abilities and the barriers that it can possibly create for newcomers who are coming into the cryptocurrency market. The price of Bitcoin can surely go be a significant obstacle for many people who want to invest or participate in the market.

It's important to note that Bitcoin can be bought in fractions, which means you don't have to buy a whole Bitcoin. You can purchase a small portion, which makes it more accessible. However, the perception of Bitcoin as an expensive asset can prevent new users.

The goal should be to create an inclusive environment where everyone, regardless of their financial situation, can participate in the cryptocurrency market.

[Plaguedeath]

You can ask yourself why you didn't buy Bitcoin earlier in 2011 when Bitcoin price was just few dollars.

You can counter my answer by asking the same question, my answer would be I didn't know Bitcoin at that time and electronic was really expensive. But, we have a difference, you complain Bitcoin price is expensive, while I don't care with the price since I'm just accept it.

$100K is the end of Bitcoin price, if I miss the golden opportunity, at least I don't want to miss the silver opportunity.

[MusaMohamed]

You can ask yourself why you didn't buy Bitcoin earlier in 2011 when Bitcoin price was just few dollars.

Many people like me did not know about Bitcoin in 2011 but I agree that if I knew about it, I would have ignored it. Like a first time I knew about Bitcoin, I did not start my Bitcoin investment immediately or short time after that. It took me about 2 years of a lot of hesitation before I began my investment in Bitcoin.

You can counter my answer by asking the same question, my answer would be I didn't know Bitcoin at that time and electronic was really expensive. But, we have a difference, you complain Bitcoin price is expensive, while I don't care with the price since I'm just accept it.

$100K is the end of Bitcoin price, if I miss the golden opportunity, at least I don't want to miss the silver opportunity.

The market is here, and will be here, it's my belief. Opportunities existed in the past, exists now and will exist in future and missing past opportunities or even ignore present chances won't be the end. There will be more chances in future but possibly late comers will have to acccept higher price to purchase bitcoin.

The chart will continue bullish
https://charts.bitbo.io/yearly-candles/

while Bitcoin future supply will become more flat.
https://www.bitcoinblockhalf.com/

[Nangiconference]

Moreover, even if you make Bitcoin free to accumulate some people will still miss out giving some excuses. And again, you don't need to own a complete bitcoin, with the little money you have you can accumulate as little as you can afford until you get a satisfactory portion. Not everyone actually has a complete coin thou.

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.

[nelson4lov]

Bitcoin being valuable is a feature — not a bug. I believe satoshi knew about this which was why he created bitcoin with over 8 decimals so that anyone from anywhere can still own a piece of Bitcoin whatever the price is. You don't have to be a wholecoiner to be considered a bitcoiner.

We have had Bitcoin price growth in recent years and I can confirm that in those years bitcoin adoption rate grew the highest.

[Smartvirus]

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.

Should you think that the price of Bitcoin could be reduced by anyone person or group or persons and these individuals would also be able to reach out to every individual hodlers to decide on what to do with their Bitcoin(s), I think your talking more in aspects that could be peculiar to Altcoin than would be to Bitcoin.

Bitcoin doesn’t work on any concept of price offering. Its price is what is determined by the forces of demand and supply on it. Besides, you can’t expect price to dump just to accommodate more investors who had the chance to invest but chose not to.

Rather than dumping, price needs to go up because, Bitcoin is a scares commodity and it needs to make value of its 0.0000001sat for it to serve on a world scale.

[alastantiger]

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.

How will that work out when you'll need people willing to buy before there's a market for sellers to sell. Devaluing the price of Bitcoin isn't the solution because there's still going to be people that will not buy despite how low the price of Bitcoin gets to. We have them not buying when there's a correction in the market and that's what the devaluation is going to work out. The price of Bitcoin isn't what gives Bitcoin its value but the trust that people have of Bitcoin that's what gives it value and if the price was to fall, it will increase back again and still there would be people that didn't buy but they'll begin to wish for the price to fall back again so they can buy.

[mirakal]

It's all in your own perspective and mindset. No matter how expensive a certain investment is, if you really are committed to invest in it, you will find ways to make it work. No one dares to buy the whole bitcoin with it's current price, that's a lot. But instead buy only a small amount, and your challenge starts on how to grow your investment despite how unpredictable the market is.

Massive adoption will happen if bitcoin will be accepted globally, not due to its expensive price, but because bitcoin can offer a lot, more than what fiat is capable to give us.

[Ever-young]

You don’t need to wait for bitcoin price to drop down before you can be able to accumulate bitcoin you don’t have to use bitcoin being expensive as an excuse not to buy bitcoin, even if the price start going down now till it fall below 40% from the current price you might still not count or consider it to be down enough their will always be an excuse, even those who where told of bitcoin when it have not made a name still fails to buy it then, just accumulate what you can and forget about devaluation.

[dzungmobile]

Bitcoin being valuable is a feature — not a bug. I believe satoshi knew about this which was why he created bitcoin with over 8 decimals so that anyone from anywhere can still own a piece of Bitcoin whatever the price is. You don't have to be a wholecoiner to be considered a bitcoiner.

Satoshi Nakamoto was unsure about future of Bitcoin, transaction volume and value. You perhaps missed this post of the Bitcoin founder. Bitcoin value comes from its technical design and its successful decentralization, non-censorship in operations, it's not like an automatic feature.

• The bullish case for Bitcoin.
• It is an insightful book for anyone who are Bitcoiner or have interest to become a Bitcoiner.

Right.  Otherwise we couldn't have a finite limit of 21 million coins, because there would always need to be some minimum reward for generating.  In a few decades when the reward gets too small, the transaction fee will become the main compensation for nodes.  I'm sure that in 20 years there will either be very large transaction volume or no volume.

[fuguebtc]

You raise a very valid point about the Bitcoin’s abilities and the barriers that it can possibly create for newcomers who are coming into the cryptocurrency market. The price of Bitcoin can surely go be a significant obstacle for many people who want to invest or participate in the market.

It's important to note that Bitcoin can be bought in fractions, which means you don't have to buy a whole Bitcoin. You can purchase a small portion, which makes it more accessible. However, the perception of Bitcoin as an expensive asset can prevent new users.

The goal should be to create an inclusive environment where everyone, regardless of their financial situation, can participate in the cryptocurrency market.

I think bitcoin price is not a barrier that makes people hesitate to invest in bitcoin because we all know that we don't need to own the full 1BTC  , we can buy it with any amount of money we have. I think the barrier for OP and those who think bitcoin is too expensive to buy is their own greed. They want to get rich quick, they want to get rich with their small capital, they think that if they own too little bitcoin then it will not help them get rich quick.

The cryptocurrency market is still the same, still very inclusive and fair  .  Anyone can invest in bitcoin with any amount of money they have and regardless of the price of bitcoin. Those who complain about the market, about bitcoin and do not want to accept what is happening are because they are too greedy.

[Agbamoni]

Millions of individuals are looking for a way to get piece of Bitcoin and you think Bitcoin can be dis-valued. Do you know the increase in adoption from last year 2024 till date. Right now i dont see any loop hole for devaluation of Bitcoin, not in mass adoption, government policies and fallacies or the wrong usage of the technology (scam and theft). Rather i am seeing a world where people tend to see how valuable owning a Bitcoin can be. In my country if you own a Bitcoin trust me you will be very happy on that decisions because you own something valuable than your local currency. As the price increases over time you get to be way above inflation. While people complain of scarcity and hunger you can bank on the Bitcoin you have held for years to do a successful business.

[MusaMohamed]

Millions of individuals are looking for a way to get piece of Bitcoin and you think Bitcoin can be dis-valued.

Let's clearly differentiate between value and price. Bitcoin price can be "dis-priced", I don't know this terminology but I use it to match with a term you used "dis-valued", in bear market that often lasts about 2 years in each market cycle.

The bottom line that is also my emphasis, is Bitcoin value increases with time and sometimes especially during bear market its value will not match with its price. Bear market gives intelligent investors very great opportunities to purchase undervalued bitcoin.

When market price is under the orange line, it's very good chance to accumulate "dispriced" bitcoin.
https://www.bitcoinmagazinepro.com/charts/realized-price/

As said when others are fearful, let's be greedy.
https://www.bitcoinmagazinepro.com/charts/bitcoin-fear-and-greed-index/

[Synchronice]

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.

Who is about to spend proper warning to all Bitcoin holders? Also, you took this scenario wrongly. First of all, it's technically impossible to send message to Bitcoin holders because such a function doesn't exist and Bitcoin is not a centralized currency. Secondly, if somehow magically you inform every Bitcoin holder to sell before the price goes down and they start panicking, then Bitcoin's price will crash to zero. Everyone can't magically sell Bitcoin at 70K before the price crashes. If there is a high demand on selling, then the demand on buying will be lower and why will someone pay, for example, 70K if you are in a hurry and more likely are willing to sell for much lower price?

If you want to buy Bitcoin at cheaper price, then wait for the bubble to bust but keep in mind that long-term, even current price is a discount.

[Ojinga]

I am sorry say but the fun in bitcoin is the price fluctuation and the moment it becomes stable, I do not think a lot of person will embrace it. Your imaginations are selfish from my perspective and I don’t think any investor would want to buy to your idea because for instance if they are to sell at current price, what then happens to people that bought at a price higher than the current price, so I don’t think it will be possible.
I will simply advise that , you queue in to the moving train and try to buy in little quantities that you can afford but always remember to invest what you can afford to lose as this is crypto and anything can happen.

[bitbollo]

it would be a disaster something like this. How can you trust a product that can be devalued? What could happens for people that have invested in the latest period?
What it could happens when the price will grow again? Another cut on the value? Come on, it's totally non sense.
And it's not my fault (or your fault) if people have an expensive coin. There are many things that become expensive during the time, but this is not my task lower their price for entry...
Anyone buy bitcoin at the price they deserve!

[Findingnemo]

I tell you even a better one, buy all the Bitcoin by yourselves at the current price and sell it for 10% or even just completely for free so that more people can get Bitcoin into their hands.

Neither you not even Satoshi can't do anything about the valuation of Bitcoin, it is what it is so people have the choice to buy it or not.

I just want to get into the mind and see what's it like those who is having such wonderful ideas.

[shield132]

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.

[peter0425]

You can ask yourself why you didn't buy Bitcoin earlier in 2011 when Bitcoin price was just few dollars.

You can counter my answer by asking the same question, my answer would be I didn't know Bitcoin at that time and electronic was really expensive. But, we have a difference, you complain Bitcoin price is expensive, while I don't care with the price since I'm just accept it.

Complaining won’t get you anywhere, anyway. You can keep complaining about the expensive price but it’s not going to magically change for you. It might go down from what it is now but it wouldn’t reach $100 anymore. Just try to find the right time for you to buy bitcoin at a price that you can afford to do so.

$100K is the end of Bitcoin price, if I miss the golden opportunity, at least I don't want to miss the silver opportunity.

Good mindset. Just because you can’t afford 1 bitcoin in one go doesn’t mean you should completely give up on it. You can still take advantage of bitcoin the best way you can.