$100k waiting room [status: achieved] - page 2.

bias

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Quote from: pawel7777 on December 03, 2024, 04:45:41 PM

Sure, but that's a bit like saying that if we all agree not to sell below $200k, it would go up to $200k in an instant. That's true, but things simply don't work that way. If we're talking about the masses, they rarely act rationally, which is not necessarily a bad thing.
And given the massive amount of bitcoins in sell orders - do we really want sellers to move them to below $100k? I don't think so.
We need some big push, once we start eating through that wall, many will quickly move it to the upper levels.

What I see is that the masses, seeing the battle taking place at $90k and that the BTC is not falling as they expected, are turning to the rest of the cryptos and waiting. There are tremendous growth rates while the BTC does not have such fluctuations. The $100k wall remains high and people are afraid to buy that high. They may also be waiting for some movement from the Trump administration when it takes office, but I believe that BTC is now becoming the "big boys" game.

pawel7777

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Quote from: coolcoinz on December 03, 2024, 03:11:42 PM

I don't think that many people are preparing to sell at $100k. If they need money, why wouldn't they sell at 99k?
100k is a resistance only because people want it to be, which means traders expect people to sell at 100k, so they start selling before that happens, setting their orders at 99 and 98k, actually making the resistance happen.

Sure, but that's a bit like saying that if we all agree not to sell below $200k, it would go up to $200k in an instant. That's true, but things simply don't work that way. If we're talking about the masses, they rarely act rationally, which is not necessarily a bad thing.
And given the massive amount of bitcoins in sell orders - do we really want sellers to move them to below $100k? I don't think so.
We need some big push, once we start eating through that wall, many will quickly move it to the upper levels.

coolcoinz

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Quote from: mirakal on December 01, 2024, 07:07:46 AM

As the majority eagerly awaits Bitcoin hitting $100,000, many are also preparing to sell. While I’m on the waiting side, we can’t deny that selling at this point is a huge opportunity—especially if you bought it at $50,000.

Do you think we’ll hit $100k this year? There’s always hope, but the situation remains uncertain. At this point, it’s safe to assume that a lot of people are already cashing out, which could be one of the factors slowing down the price surge. We also need to be prepared for the huge price drop as it was shown already, but of course, I won't expect such a huge crash like bearish as I believe that we are still in the bullish season.

I don't think that many people are preparing to sell at $100k. If they need money, why wouldn't they sell at 99k?
100k is a resistance only because people want it to be, which means traders expect people to sell at 100k, so they start selling before that happens, setting their orders at 99 and 98k, actually making the resistance happen.

It's only in their minds because if they weren't trying to be smarter and faster than the rest and sell earlier, everybody would hold off and the price would break $100k because the demand is always there, at 99, 100 ad 101k.

What we need for 100k to hit is seller exhaustion and/or a big buyer coming in, like an institution or a country who buys enough for the price to bounce above $100k. When that happens all these traders who sold at 99k will buy their coins back, seeing that since the round number did not hold, they have to look for another top, at least 10% higher.

Btcdeybodi

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Quote from: Akbarkoe on December 02, 2024, 10:19:22 AM

Many put the selling price at $100k, it cannot be denied, previously we were already at the $99k level, of course logically it would be very much easier to break $100k but the fact is not as we imagined, that bitcoin did not do it and instead turned back to consolidate prices.
And the worst thing is that the old wallets are getting up again to load the movement and some miners are already selling, this is becoming increasingly difficult, but I am quite sure that the current bullish moment ii is encouraged by the many bullish essences from various parties that will adopt bitcoin, we just need to be patient to see it.

The thing is that some investors who wish to sell at $100k were not able to be more patient as there was a resistance when the price hit $99k, so they sold their coin and the market had to experience a some corrections but no matter how it keeps creating a resistance within $90k to $98k, it will still break it sooner and get to $100k. Despite the activities of investors in the market, the price will still get to $100k even though there is a kind of gamble in the market but those who are trying to take control of the market will soon lose control and the market become more bullish because of the adoption going on ever since the price started appreciating greatly.

bias

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Quote from: EarnOnVictor on December 02, 2024, 09:22:00 PM

If I may ask you, that which you expect from the admin will be...?

As I said, I can't even imagine what can be.

Quote from: EarnOnVictor on December 02, 2024, 09:22:00 PM

Don't forget that this is a non-profit forum for the admin. When last did people donate big or see the admin earning from adverts?

Who said anything about money, donations, or any similar action? By the way, it seems that you don't know much about forums' treasury...

Quote from: EarnOnVictor on December 02, 2024, 09:22:00 PM

The best you can do for yourself is to have enough Bitcoin and continue to stash more of it if you truly need a reward. The forum has educated us enough to be aware of that.

Again, who said anything about a reward? You miss the point. We are not talking about a reward from someone/ the forum. We are talking about a way to celebrate the $100k milestone here in our "house". The forum is us. So no, I don't expect from the administration or any member to airdrop or rain BTC to all of us. But yes, I expect something to happen to celebrate this event when it occurs.

EarnOnVictor

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Quote from: bias on December 02, 2024, 01:24:32 PM

I guess that forum administration will have something in mind for this big milestone. Because objectively it's a big one. What and how, I can't imagine. However, at least as far as I can remember, they didn't do something for the previous milestone prices, so why now? Undecided

If I may ask you, that which you expect from the admin will be...?

Don't forget that this is a non-profit forum for the admin. When last did people donate big or see the admin earning from adverts?

The best you can do for yourself is to have enough Bitcoin and continue to stash more of it if you truly need a reward. The forum has educated us enough to be aware of that.

bias

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Quote from: Majestic-milf on November 25, 2024, 05:37:37 AM

Quote from: slaman29 on November 22, 2024, 12:23:08 AM

How are we gonna celebrate?

I'm not going to lie, that has been a question that has being living rent-free in my head. Really, how are we going to celebrate this milestone achievement amongst the Bitcoin community and even here on the forum? Huh

I guess that forum administration will have something in mind for this big milestone. Because objectively it's a big one. What and how, I can't imagine. However, at least as far as I can remember, they didn't do something for the previous milestone prices, so why now? Undecided

Akbarkoe

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Many put the selling price at $100k, it cannot be denied, previously we were already at the $99k level, of course logically it would be very much easier to break $100k but the fact is not as we imagined, that bitcoin did not do it and instead turned back to consolidate prices.
And the worst thing is that the old wallets are getting up again to load the movement and some miners are already selling, this is becoming increasingly difficult, but I am quite sure that the current bullish moment ii is encouraged by the many bullish essences from various parties that will adopt bitcoin, we just need to be patient to see it.

slaman29

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Quote from: Majestic-milf on November 25, 2024, 05:37:37 AM

Quote from: slaman29 on November 22, 2024, 12:23:08 AM

How are we gonna celebrate?

I'm not going to lie, that has been a question that has being living rent-free in my head. Really, how are we going to celebrate this milestone achievement amongst the Bitcoin community and even here on the forum? Huh

Maybe I should have asked, when are we gonna celebrate hehe

I'm not worried, or concerned, anyway. Not like I even have half BTC to really celebrate but the main point for me is I have a small income and small DCA savings, so I should be happy that 100k is here or almost coming anyway. Then it will go back down for my DCA to continue

Did anyone figured out how they will celebrate yet?

jcojci

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Quote from: Zanab247 on November 30, 2024, 05:28:12 AM

That is what am seeing right now, because the green night candle is still on which is a sign that $100k is possible before december ending, despite the price of BTC has dump back to $96k, there is a strength for the market price to move faster to hit another ATH soon. Despite many hodlers has sold their BTC when the price hit $99k, but there are some hodlers who are still hodling their BTC for the price to hit $100k before they can be move to sell all their BTC.

I agree with you that the price will not going to hit that price in this month, but it will surely happen next month because there are some signal that will make the price to touch $100k this year for people to earn plenty profits from BTC.

Until now, the candle still green although a little correction coming for a while. We still wait for the price to increase and reach $100k so that can happen in this month. While we need to be patience waiting for the price increase, we can buy back more so we can add more amount of Bitcoin.

Bitcoin hodler still hodl most Bitcoin as they have a target sell more than $150k so I am sure they can wait until that time.

Whether the price will reach that price this month or next month, we can still wait because we want to make a big profit.

philipma1957

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Quote from: JollyGood on December 01, 2024, 04:10:28 PM

If miners are happy for the price to remain between $90,000 to $99,000 that is different from them having control over price manipulation. If miners prefer the price to be either higher or lower than it currently stands, it should not have any effect on the price. Having said that, they are more than welcome to enjoy the moment while they are benefitting from mining Grin

Quote from: philipma1957 on December 01, 2024, 12:10:53 PM

The longer it stays at 90-99k the deeper miners pockets get.

Miners will support the fuck out of btc at the price of 90-99k.

the floor is supported by mining ⛏️.

the uppity is supported by trading and speculation.

been this way for years.

miners do not have an easy path to manipulate upwards.

STT

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There's a waiting room, I didnt imagine we'd be here long enough to sit down never mind build a waiting room. Staying so close to 100k in this mini pull-back is bullish though I also think greater magnitude moves will occur later too.

End of week is the time to look at weekly bars as we close here and seal the end price. We are quite safely bullish going forward so long as we do not trade below the price low of Nov 26th which is the 90k area.

Everything points to bullish action being a safe conclusion but selling at some point is inevitable and even a positive as some people will buy into that selling and gain involvement instead of chasing here.
The trend I have since September in the recovery after August sell, is back at 75k; as it was confirmed many times I think thats a fair target for any downside not that I see that occurring unless unexpectedly derailed.

JollyGood

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If miners are happy for the price to remain between $90,000 to $99,000 that is different from them having control over price manipulation. If miners prefer the price to be either higher or lower than it currently stands, it should not have any effect on the price. Having said that, they are more than welcome to enjoy the moment while they are benefitting from mining Grin

Quote from: philipma1957 on December 01, 2024, 12:10:53 PM

The longer it stays at 90-99k the deeper miners pockets get.

Miners will support the fuck out of btc at the price of 90-99k.

philipma1957

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Quote from: JollyGood on November 30, 2024, 06:09:18 AM

It remains unknown when (or if) it will happen. I am more concerned about something else. What would be the impact on the market if the price hovered close to but never got to $100,000? There has to be an eventual sell-off where dumping will turn the whole market red, I think that is what people should be preparing for rather than celebrating a possible $100,000 milestone.

The longer it stays at 90-99k the deeper miners pockets get.

Miners will support the fuck out of btc at the price of 90-99k.

Look at miner math. A commercial miner is at 6 cents maybe 5 maybe 7

So the t21 does 180th at 3 kwatts.

that is 180 x 6 cents for 1 th or about 11 dollars a day

so 72 kwatts at
5 cents is $3.60 power cost.
6 cents is $4.32 power cost.
7 cents is $5.04 power cost.

that is
7.40 a day profit at 5 cent power
6.68 a day profit at 6 cent power
5.95 a day profit at 7 cent power

so there is a ton of support from commercial mining.

I used the antminer t21. but the s21 the s21 pro and the s21xp have a lot better efficiency.

I see the 90k as a low having strong support.

It will get stronger as commercial miners are making bank 🏦

mirakal

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As the majority eagerly awaits Bitcoin hitting $100,000, many are also preparing to sell. While I’m on the waiting side, we can’t deny that selling at this point is a huge opportunity—especially if you bought it at $50,000.

Do you think we’ll hit $100k this year? There’s always hope, but the situation remains uncertain. At this point, it’s safe to assume that a lot of people are already cashing out, which could be one of the factors slowing down the price surge. We also need to be prepared for the huge price drop as it was shown already, but of course, I won't expect such a huge crash like bearish as I believe that we are still in the bullish season.

Swordsoffreedom

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Quote from: pawel7777 on November 30, 2024, 06:01:51 PM

The only concerning thing is a slow drop in Bitcoin's dominance, which today dropped below 56%, which could indicate that the "alt season" is slowly creeping in.

Bitcoin investors are not happy to see this but it is a very good sign for altcoin investors. Bitcoin has been on the rise for weeks now, so it's no surprise or bad that its price has started to move sideways or even drop to make room for altcoins.

If people are waiting for bitcoin to cross $100k and conquer other ATHs then we don't need to rush because everything takes time. But if we just want bitcoin to hit $100k to make a profit, I don't see any significant difference between selling at $100k versus selling at $99k.

In my opinion, Bitcoin dominance is unlikely to drop significantly in the near future, but it is only a matter of time before it drops to 40% or 30%. Because the market includes both altcoins and bitcoin, and bull season is for all, not just bitcoin.

pawel7777

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Still around 3.5% away from $100k at the moment of writing. Looks like we're stuck with some sideway market, I don't expect anything exciting to happen on Sun (maybe a slight drop), but hopefully, next week will be more interesting and bring us what we want.
Fear & Greed index is at a lower 'extreme greed' range, currently at 83, so there's still some room to go up. The CBBI score dropped from 80 to 79, which is also a good thing.
The only concerning thing is a slow drop in Bitcoin's dominance, which today dropped below 56%, which could indicate that the "alt season" is slowly creeping in.

bitgolden

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Waiting for 100k to finally happen, and I bet that we are very close, one day we will wake up and see 100k, it's going to be sudden and quick and the increase will happen out of nowhere, I have no idea when that will happen, but in the end I believe it is going to happen eventually. We just need to make sure things could change on the long run and prices should be able to recover better, that cant change anytime soon, it has to be something that will benefit everyone.

I do hope that we can see a much better approach eventually, since it's a great future for us in the crypto world, 100k and waiting for it doesn't really bother me. It doesn't have to happen right away, things can take some time, and we are just waiting patiently for it to happen.

Ojima-ojo

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For Bitcoin to reach $100k price is going to take us sometimes because of the current resistance that brought us down from 99k+ and not relying around $95k-$96k at the moment and this have been a very less volatile period for Bitcoin because we can see the level of stability of Bitcoin price around that price for this whole week, for me this is the time to accumulate more Bitcoin considering how positive we have seen Bitcoin and it close proximity to the $100k benchmark we speculate for Bitcoin bug when that will happen is still unpredictable for us, but for sure we are going to reach that level some day amd some how.

Odusko

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Quote from: pawel7777 on November 21, 2024, 05:53:26 PM

We're almost there lads. Today we've hit another ATH of $99,014, so less than 1% away from the magic number.
As expected, there's some more resistance here, but hopefully the greed will kick in and sellers will move their orders a bit higher.

With good winds, we might see it breaking past within a few hours or a day, but small correction or some side action before that happening is also fairly possible.

You have predicted well as we have seen a lot of corrections for more than a week now since it recorded a new all time high. Corrections like this are what is not impossible and should be expected most of the time after a big trend going in one direction for a very long time. Bitcoin enthusiasts are still optimistic of the bulls not been over and are all getting ready for it to cross the $100K mark which indeed as been well anticipated for a very long time now. Bitcoin will never seize to keep amazing its community as they all mostly set their sell order or partial sell order price to $100K which is the least minimum expected in this bull run.

Topic: $100k waiting room [status: achieved] - page 2. (Read 1484 times)