Bitcoin - what is your plan when we reach $100k? - page 2.

S A KHAIR

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Quote from: Lorence.xD on May 07, 2023, 10:33:31 PM

Quote from: lepbagong on May 07, 2023, 09:23:27 PM

Quote from: S A KHAIR on May 07, 2023, 09:59:13 AM

My goal is profit, so I will sell all the bitcoins that I have when it hits $100k, and I will use that money to start an outside business. I am accumulating a lot of bitcoins and altcoins, if bitcoin really hits $100k I will have a lot of money. But I won't use up all the bitcoins sold for business, I will still keep 30% to buy back bitcoins when the bear season comes.

everyone will think the same as you, want to benefit from investments made in bitcoin, and of course it is very wise if the achievement of bitcoin up to $ 100K is to sell and part of the proceeds to do business on other jobs, keep investing again when the bitcoin price decreases. that is the meaning of investing in bitcoin to be able to contribute to self-prosperity in achieving the goal of being able to provide prosperity and benefits from bitcoin investment.

Exactly but as people sell their BTC it's like they giving chance to others if the price of BTC decreases since it might be affected if most of the people sell at the same time so it might decrease. This how the market works people may sell and some may buy. But if that's the case I would still hold some BTC as investment for the future since I don't need to spend all that BTC that I might hold. Opening a business is a good choice for a passive income.

When you sell bitcoin at a high price, and you have made a profit, how can you say that you are creating opportunities for others? You sell bitcoin at a premium, and if someone is willing to buy it, they will take the loss on your behalf. This is the financial market, there is no point in giving others a chance when you sell at a high price. This is only true when you buy high and sell low.

Victorik

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Quote from: Marvell1 on May 07, 2023, 09:16:08 AM

Quote from: Victorik on May 07, 2023, 04:36:44 AM

Quote from: Marvell1 on May 05, 2023, 09:45:20 AM

Quote from: Victorik on May 05, 2023, 07:55:31 AM

Whether btc becomes $100k or $150k today, some person holding BTC may not enjoy much profit. Imagine someone holding just 10$ worth of BTC, if the price becomes 100k, how much profit do you think you will make?

I understand what you are trying to say, and I have the same question. I see most of us wishing for bitcoin to rise in price as quickly and as high as possible. But my question to those people is, how much profit will they get when bitcoin hits $100k? I mean, did they hold 1 bitcoin or 10 bitcoin? Because if someone holds too little bitcoin, the price increase won't do any good either.

For me, I would focus on accumulation rather than having to test the price and hope for a price increase every day. I believe bitcoin and ATH price hikes are inevitable, getting there is only a matter of time. And our task is when bitcoin hits 100k $, how many bitcoins will we have? That's what we should be more concerned about.

Exactly! BTC is for the rich, BTC is not for the poor.
People who enjoy it when BTC increases in value are those holding something significant, because that is will ultimately determine your profit.
Well, on other hand, when btc increase in price, it tends to influence altcoins as well, that's why most times you see people wanting a increase in price in BTC, not primarily because they are holding BTC

Why is bitcoin for the rich and not for the poor? I think bitcoin is for everyone, anyone can invest in bitcoin with any amount they have.

Altcoins? I didn't think about that. I think you are right, people who don't hold too much bitcoin but want the market to recover because they are holding most altcoins because many altcoins are suffering heavy losses. But I suspect that the bitcoin price increase will not guarantee that all altcoins will increase. The market will be like in previous years, many old altcoins will never be able to recover, and new projects will replace them. So, if anyone expects bitcoin to go up so that old altcoins will go up, they should prepare for the worst case scenario for their investment.

BTC is for everyone, both the rich and poor. Everyone can invest in it, that's true.
But, can you compare someone holding 1btc to someone holding just a fraction, probably worth just 100$? They are not on the same level, why because when there's a pump, the one holding 1btc will definitely have more profit than those holding a fraction.
That's my point exactly.

Lorence.xD

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Quote from: lepbagong on May 07, 2023, 09:23:27 PM

Quote from: S A KHAIR on May 07, 2023, 09:59:13 AM

My goal is profit, so I will sell all the bitcoins that I have when it hits $100k, and I will use that money to start an outside business. I am accumulating a lot of bitcoins and altcoins, if bitcoin really hits $100k I will have a lot of money. But I won't use up all the bitcoins sold for business, I will still keep 30% to buy back bitcoins when the bear season comes.

everyone will think the same as you, want to benefit from investments made in bitcoin, and of course it is very wise if the achievement of bitcoin up to $ 100K is to sell and part of the proceeds to do business on other jobs, keep investing again when the bitcoin price decreases. that is the meaning of investing in bitcoin to be able to contribute to self-prosperity in achieving the goal of being able to provide prosperity and benefits from bitcoin investment.

Exactly but as people sell their BTC it's like they giving chance to others if the price of BTC decreases since it might be affected if most of the people sell at the same time so it might decrease. This how the market works people may sell and some may buy. But if that's the case I would still hold some BTC as investment for the future since I don't need to spend all that BTC that I might hold. Opening a business is a good choice for a passive income.

mejarm

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Keep hodling while you celebrate. It will go more than $100,000 since that is not the top. In fact, once governments throughout the world realize how pointless it is to oppose it and that Bitcoin will never be properly regulated, I think Bitcoin will eventually replace traditional currencies as the actual global standard of exchange.

Within the next ten years, I can absolutely see Bitcoin reaching a million dollars, and even then, it will continue to grow. In fact, each Satoshi could be worth a lot of money in the future due to Bitcoin's limitation and thus limited supply. Soon, there will be 8 billion people on the planet. Distribute 8 billion bitcoins among them. That is the possibility right now. However, as the population increases, Bitcoin will become even uncommon and more valuable. Bitcoin is people in control of the money, as opposed to fiat, which is controlled by the people.

lepbagong

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Quote from: S A KHAIR on May 07, 2023, 09:59:13 AM

My goal is profit, so I will sell all the bitcoins that I have when it hits $100k, and I will use that money to start an outside business. I am accumulating a lot of bitcoins and altcoins, if bitcoin really hits $100k I will have a lot of money. But I won't use up all the bitcoins sold for business, I will still keep 30% to buy back bitcoins when the bear season comes.

everyone will think the same as you, want to benefit from investments made in bitcoin, and of course it is very wise if the achievement of bitcoin up to $ 100K is to sell and part of the proceeds to do business on other jobs, keep investing again when the bitcoin price decreases. that is the meaning of investing in bitcoin to be able to contribute to self-prosperity in achieving the goal of being able to provide prosperity and benefits from bitcoin investment.

ZAINmalik75

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Quote from: JamesDaniel90 on May 03, 2023, 05:01:52 AM

I do not have much Bitcoin currently but I am planning to convert a lot of the profits I make in my altcoins during the bull run into BTC which I will then hold till the 2028/29 bull run.

By the way, if you invest in bitcoin along with altcoin, it would be a good decision for you because Bitcoin is the main coin and all Altcoins price fully depends upon Bitcoin. Profit might be low but security will be big.

Quote from: JamesDaniel90 on May 03, 2023, 05:01:52 AM

Just wondering what we are all planning to do when Bitcoin does reach $100k - are you selling or are you holding till the 2028/29 bull run?

Everyone who has bitcoins they all have set their selling target. I intend to sell my bitcoins at $100k because the next bull season 2028/29 will be preceded by a bear season. Where the price of bitcoins will fall again? When the price goes down, I will buy bitcoin from there again for the 2028/29 bull season.In this way I will also make profit for the current season and buy for the next season at a lower price.

S A KHAIR

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My goal is profit, so I will sell all the bitcoins that I have when it hits $100k, and I will use that money to start an outside business. I am accumulating a lot of bitcoins and altcoins, if bitcoin really hits $100k I will have a lot of money. But I won't use up all the bitcoins sold for business, I will still keep 30% to buy back bitcoins when the bear season comes.

Marvell1

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Quote from: Victorik on May 07, 2023, 04:36:44 AM

Quote from: Marvell1 on May 05, 2023, 09:45:20 AM

Quote from: Victorik on May 05, 2023, 07:55:31 AM

Whether btc becomes $100k or $150k today, some person holding BTC may not enjoy much profit. Imagine someone holding just 10$ worth of BTC, if the price becomes 100k, how much profit do you think you will make?

I understand what you are trying to say, and I have the same question. I see most of us wishing for bitcoin to rise in price as quickly and as high as possible. But my question to those people is, how much profit will they get when bitcoin hits $100k? I mean, did they hold 1 bitcoin or 10 bitcoin? Because if someone holds too little bitcoin, the price increase won't do any good either.

For me, I would focus on accumulation rather than having to test the price and hope for a price increase every day. I believe bitcoin and ATH price hikes are inevitable, getting there is only a matter of time. And our task is when bitcoin hits 100k $, how many bitcoins will we have? That's what we should be more concerned about.

Exactly! BTC is for the rich, BTC is not for the poor.
People who enjoy it when BTC increases in value are those holding something significant, because that is will ultimately determine your profit.
Well, on other hand, when btc increase in price, it tends to influence altcoins as well, that's why most times you see people wanting a increase in price in BTC, not primarily because they are holding BTC

Why is bitcoin for the rich and not for the poor? I think bitcoin is for everyone, anyone can invest in bitcoin with any amount they have.

Altcoins? I didn't think about that. I think you are right, people who don't hold too much bitcoin but want the market to recover because they are holding most altcoins because many altcoins are suffering heavy losses. But I suspect that the bitcoin price increase will not guarantee that all altcoins will increase. The market will be like in previous years, many old altcoins will never be able to recover, and new projects will replace them. So, if anyone expects bitcoin to go up so that old altcoins will go up, they should prepare for the worst case scenario for their investment.

Victorik

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Quote from: Marvell1 on May 05, 2023, 09:45:20 AM

Quote from: Victorik on May 05, 2023, 07:55:31 AM

Whether btc becomes $100k or $150k today, some person holding BTC may not enjoy much profit. Imagine someone holding just 10$ worth of BTC, if the price becomes 100k, how much profit do you think you will make?

I understand what you are trying to say, and I have the same question. I see most of us wishing for bitcoin to rise in price as quickly and as high as possible. But my question to those people is, how much profit will they get when bitcoin hits $100k? I mean, did they hold 1 bitcoin or 10 bitcoin? Because if someone holds too little bitcoin, the price increase won't do any good either.

For me, I would focus on accumulation rather than having to test the price and hope for a price increase every day. I believe bitcoin and ATH price hikes are inevitable, getting there is only a matter of time. And our task is when bitcoin hits 100k $, how many bitcoins will we have? That's what we should be more concerned about.

Exactly! BTC is for the rich, BTC is not for the poor.
People who enjoy it when BTC increases in value are those holding something significant, because that is will ultimately determine your profit.
Well, on other hand, when btc increase in price, it tends to influence altcoins as well, that's why most times you see people wanting a increase in price in BTC, not primarily because they are holding BTC

Quote from: Rigon on May 05, 2023, 10:04:40 AM

Quote from: Victorik on May 05, 2023, 07:55:31 AM

Whether btc becomes $100k or $150k today, some person holding BTC may not enjoy much profit. Imagine someone holding just 10$ worth of BTC, if the price becomes 100k, how much profit do you think you will make?

I am not a big investor, I am a small investor. But I always pray that bitcoin goes from $100k to $150k very soon. Although our investment portfolio will not grow much if the prices rise, I always pray that the market will rise. Even if I don't make much profit there are many investors here who will make substantial profit. On the other hand, if the market moves to a better position, we will definitely have a better time in this Bitcoin forum. Any project will have 100% chance of success if Bitcoin is in good standing. Everyone is happy when the market is good. So I never think about my return on investment. I always think that the market should make good positions very quickly.

Well, if ain't thinking about your return on investment, then you must have other motives for investment which is best known to you. But I sure know that whatever your reasons are for investing, profit will eventually be one of the reasons.

Yea, everyone, including myself want to see BTC doing well, because the price of BTC have a general effect on other altcoins.

Magic-Money

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Bitcoin is a digital assets, which everyone knows about it and the price of Bitcoin keep fluctuating base on the market movements trading, where smart trader's make profits, Hence, Bitcoin price going towards $100k is sure, but nobody can tell the actual period and is good to buy and hold for a long, but what matters is the entry point of purchasing, while set a target to sell.

bayudndy

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Observing this market and accompanying the happenings, I think that one day I will convert bitcoin into many other altcoin portfolios to optimize profits. But then will continue to hold and buy back bitcoin, its volatility makes me feel there is a huge opportunity to make a profit, sometimes I think it's simply turning 1 btc into many btc has been a great success on his investment journey. I'm not entirely sure when the price will hit these poles but I'm pretty confident that I'll take profits at much higher prices than I would have bought bitcoin.

Bananington

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Quote from: JamesDaniel90 on May 03, 2023, 05:01:52 AM

Just wondering what we are all planning to do when Bitcoin does reach $100k - are you selling or are you holding till the 2028/29 bull run?

At $100k, although my plans may change with time, I will sell some off from the profit I have made from keeping my bitcoins till then and invest it in another thing that has good prospects. It has long been my wish to have many investments so I do not get affected totally if one is not going as planned. So at $100k, I could start a business or buy a property from some of the profit I have made or even do another thing that I will discover before then. After that, I will continue in my DCA strategy and wait for the next bull run. Plans are easy to make, but difficult to achieve.

leeboy

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100k is perfectly good price target to take some profits as for me

ancafe

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Quote from: JamesDaniel90 on May 03, 2023, 05:01:52 AM

I do not have much Bitcoin currently but I am planning to convert a lot of the profits I make in my altcoins during the bull run into BTC which I will then hold till the 2028/29 bull run.

That's much better than still holding altcoins in the long term, I suggest starting to convert to bitcoin soon, because we see the halving also getting closer for next year.

Quote from: JamesDaniel90 on May 03, 2023, 05:01:52 AM

I expect Bitcoin to reach at least $100k at the peak of the next bull run, possibly $150k.

Don't care too much about prices and let market conditions and cycles that govern the bitcoin process go according to the price you mentioned, if your intention is still only a plan and haven't made an approach to investing then there's no point in touching that price because you don't profit from bitcoin when it hits next ATH.

Quote from: JamesDaniel90 on May 03, 2023, 05:01:52 AM

Just wondering what we are all planning to do when Bitcoin does reach $100k - are you selling or are you holding till the 2028/29 bull run?

It depends on the person, but in my opinion, it's better to sell first and then reinvest, because to be honest, the purpose of investing is to make a profit and increase your income level for the better. When the price has touched that high, what other steps do you want to take, isn't selling something that you want to do? There are several things that need to be done when making profits in bitcoin, for example building a house, paying for children's education and preparing a little provision for old age.

This is important to do because you won't take your wealth with you when you die, so hurry up with something important and take steps to create a more financially independent life.

spiker777

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Quote from: mich on May 07, 2023, 01:04:44 AM

Well it is nice to think about Bitcoin with a price of $100k. But even though I am 'bullish' I do not think this is going to happen for a few more years. Maybe I am wrong about this and I hope I am but at current rate it will not happen this year and probably next year after halving at soonest.

you are right. by the look of the current market, I also don't see bitcoin going to $100k anytime soon. but one thing is clear. it'll definitely reach to $100k. sooner or later. but it will. also, the crypto is so fast. one day it is down and the second day it is rising. so we can never know what happens next. who knows maybe a big price pump come and bitcoin reaches to $100k milestone next month. hahaha. sounds unrealistic but anything is possible.
since I don't have any bitcoin so if that happens that won't be useful for me. so I really want bitcoin to be stable for sometime so we get more and more time to accumulate some.

Godday

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I am a Businessman. The first thing I did when BTC hit $100k was take my capital back and enjoy a bit of profit. I believe effort must be paid in full. I currently have some BTC in my wallet. But I only enjoy a little profit and have not taken my investment capital at all.

Of course I will divide my BTC into several altcoins if it really reaches 100k dollars. Because I am a trader and a speculator so it is certain that I will enjoy my gambling with altcoins. That will only happen if I really have earned 100k dollars in 1 BTC Grin

mich

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Well it is nice to think about Bitcoin with a price of $100k. But even though I am 'bullish' I do not think this is going to happen for a few more years. Maybe I am wrong about this and I hope I am but at current rate it will not happen this year and probably next year after halving at soonest.
Bitcoin is my only long-term investment that I have. I am really hoping it will bring major profits since I have been hodling for long time now. I will sell some at 100k to be able to buy my first house or even buy a new car I always wanted.
Since Bitcoin is not a short-term or turnaround investment, and ideally don’t want to sell your Bitcoin but rather buy the dip. And watch over time with patience, you will be happy that you hold on and didn’t sell your Bitcoin.

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Quote from: JamesDaniel90 on May 03, 2023, 05:01:52 AM

I do not have much Bitcoin currently but I am planning to convert a lot of the profits I make in my altcoins during the bull run into BTC which I will then hold till the 2028/29 bull run.

I expect Bitcoin to reach at least $100k at the peak of the next bull run, possibly $150k.

Just wondering what we are all planning to do when Bitcoin does reach $100k - are you selling or are you holding till the 2028/29 bull run?

I agree with you, a bitcoin price off 100k or 150k USD is definitely possible during the next big bull run. I am not sure about the timing though, if it's really going to take 5 years for bitcoin to reach such levels. In my opinion it could happen a lot sooner and we should be more optimistic after the halving next year. Also it's good to have a plan in place what to do with your coins once we reach certain levels. At 100k USD I am not going to sell any of my coins, at 150-200k USD I would consider taking profit in 30% of my bitcoins. The rest I am going to hold even longer. In the past I made the mistake of selling all my bitcoins at once, only to regret my decisions a few months after. After that I told myself to never sell all my coins, it's better to only sell fractions. Because nobody knows how high bitcoins are actually going to rise.

posi

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Quote from: Rigon on May 05, 2023, 10:04:40 AM

Quote from: Victorik on May 05, 2023, 07:55:31 AM

Whether btc becomes $100k or $150k today, some person holding BTC may not enjoy much profit. Imagine someone holding just 10$ worth of BTC, if the price becomes 100k, how much profit do you think you will make?

I am not a big investor, I am a small investor. But I always pray that bitcoin goes from $100k to $150k very soon. Although our investment portfolio will not grow much if the prices rise, I always pray that the market will rise. Even if I don't make much profit there are many investors here who will make substantial profit. On the other hand, if the market moves to a better position, we will definitely have a better time in this Bitcoin forum. Any project will have 100% chance of success if Bitcoin is in good standing. Everyone is happy when the market is good. So I never think about my return on investment. I always think that the market should make good positions very quickly.

This is the first time I have heard someone say that they invest but never care about the returns they get. No offense, but I really doubt what you say. Earning money is getting harder than ever, and people are participating in signature campaigns to earn every satoshi, and it's weird when you say you're not too concerned about your return on investment.

Moreover, this is the financial market, how will everyone be happy? I mean, when the market is good, bitcoin hits $100k, and you take profit means someone is buying your bitcoin for $100k. You're taking their money through the market, so it can't be said that the green market means everyone wins.

yudi09

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Quote from: isaac_clarke22 on May 05, 2023, 06:32:44 AM

Quote from: yudi09 on May 05, 2023, 04:15:26 AM

$100k a big price milestone is likely to be reached on the next ATH. An optimistic attitude towards the price achievement at the next ATH motivates those of us who are still holding on and still trying to add to our numbers before then. When that milestone comes with a price above $63k or below $100k, I will let go but not 100%.

No amount of speculation can tell when that time will come. Therefore, make Bitcoin a long-term investment with a good plan and strategy because storing Bitcoin for a long time will not reduce its value.

We probably need another ATH before we can call it $100k prediction. 64k was like our last ATH and that was like couple of years ago already. In the meantime, I would do a bit of long-term hodling but still selling at the same time whenever I need to.

Yes. $64K Price of ATH 2021 and can only be called the next ATH if the price to be achieved over that price. $100K is still the most possible price for the new ATH.
I hope that similar desires will also happen to happen and I might release part when the price of Bitcoin reaches $64K because the target has been achieved. I will prepare the rest to sell at the price above.

Quote from: isaac_clarke22 on May 05, 2023, 06:32:44 AM

I won't bring the money to the grave anyway. Cheesy

Do as you wish for your money and use it on things that bring happiness because it's useless to waste time for things that are not useful. Cheesy

Topic: Bitcoin - what is your plan when we reach $100k? - page 2. (Read 841 times)