I think we will see a lot of weak hands at $100K

Oilacris

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Quote from: virtualdn on February 21, 2021, 04:37:47 AM

If BTC will reach $100K of course.

Why?

Because it's a milestone for many.

But not for all.

Don't be weak and give it all to the whales.

Be strong.

How about on the current situation we are in? Bitcoins price is falling gradually and for sure those weak hands are starting to have doubts on selling because they are seeing their portfolio is going in deep reds.

As anticipated or expected that these things wont really be a smooth sail ride.We might see the price had rose up that high but not into that extent where its a bit too fast if we did really reach that one.

Weak hands are now starting to show up and if this price will continue to fall then that would surely be making some stream of negative sentiments and analysis towards the market.

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Quote from: virtualdn on February 21, 2021, 04:37:47 AM

If BTC will reach $100K of course.

Why?

Because it's a milestone for many.

But not for all.

Don't be weak and give it all to the whales.

Be strong.

I consider this a milestone for everybody, not only for those long-term holders but the whole community because we have proven, that Bitcoin can reach that level when in the beginning even when it's already ten years old people consider it as a bubble ready to burst anytime.
I don't consider people who sold in $100k weak hands if they are long-term holders, they deserve their profit.

KryptoKings

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Quote from: virtualdn on February 21, 2021, 04:37:47 AM

If BTC will reach $100K of course.

Why?

Because it's a milestone for many.

But not for all.

Don't be weak and give it all to the whales.

Be strong.

No. If BTC reach $100k, nobody would want to sell it because they would knew btc's true vakuiby then.
Small holders will never sell it because of fear of not being able to buy it back again.
Only whales will dump because they have big amount.
Every dip brought more small holders and more small holders mean more stability in BTC price.

ice18

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Always take profit thats the strategy of a wise investor and taking profit at $100k is the best thing to do I cant call them as weak hands since they able to hold up to this point many weak hands already tempted to sold at 30k-50k level then realized to buyback again to 70k lol if a holder able to hold at $150k without selling any amount after years ago then I can call it a true believer.

chikading2016

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Quote from: Oasisman on February 26, 2021, 04:41:43 AM

Quote from: leea-1334 on February 23, 2021, 06:19:46 AM

Seems we even have weak hands at 50k why do we need to wait for 100k? Wink

We saw weak hands at 10k, 20k, plenty of other milestones that saw a lot of huge dips like now. Remember less than a year ago in March? Everyone was selling in March!

Can't blame these weak hands people, they're just seizing the moment while they can make good return. Not everyone is aiming for a long term and bigger profit. However, these weak hands will surely have regrets in the future for selling too early and buying back at a much higher price.
But then again, we can't blame them, that's how the market works. Weak hands, whales, long term hodler, and crypto enthusiast are all part of the crypto ecosystem.

I agree on that there are so many people that posibly sell if we reach $100k but we cannot blame them maybe that is the strategy or maybe they set $100k as a limit, sometimes we need to sell for assurance because sometimes greed can male as loss. The important thing here is we earn it dosent matter how big or small it was as long as we earn.

Oasisman

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Quote from: leea-1334 on February 23, 2021, 06:19:46 AM

Seems we even have weak hands at 50k why do we need to wait for 100k? Wink

We saw weak hands at 10k, 20k, plenty of other milestones that saw a lot of huge dips like now. Remember less than a year ago in March? Everyone was selling in March!

Can't blame these weak hands people, they're just seizing the moment while they can make good return. Not everyone is aiming for a long term and bigger profit. However, these weak hands will surely have regrets in the future for selling too early and buying back at a much higher price.
But then again, we can't blame them, that's how the market works. Weak hands, whales, long term hodler, and crypto enthusiast are all part of the crypto ecosystem.

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Many are waiting for the price of Bitcoin to reach $ 100k to sell, that is true, but they do not realize that it is just a nice round number, that it can increase even much more, only those who have financial intelligence if they see it, Because they have been in the world of investment, it is very difficult to change mentalities, usually people change according to experience, and when it comes to money, many with obtaining a percentage of more, do not see the intrinsic value that it represents the Bitcoin.

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Many people will just take profits. It could be smart for people who bought around 4k Cool

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Quote from: djgtr on February 25, 2021, 04:28:45 PM

Quote from: virtualdn on February 21, 2021, 04:37:47 AM

If BTC will reach $100K of course.

Why?

Because it's a milestone for many.

But not for all.

Don't be weak and give it all to the whales.

Be strong.

Nice thoughts, let's leave it up to wealthy guys then have a chilling moments while waiting for our assets to grow further.
Everybody seems to be anxious this time, but if we have to think fairly about holding btc or whatever coins you've got, learning to have control is very important. Even with my experiences, I was weak many times that's why I am motivated now to face another chapter of challenges.

Me 2. The next 5 years will make BTC go to 1-2M per coin...

djgtr

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Quote from: virtualdn on February 21, 2021, 04:37:47 AM

If BTC will reach $100K of course.

Why?

Because it's a milestone for many.

But not for all.

Don't be weak and give it all to the whales.

Be strong.

Nice thoughts, let's leave it up to wealthy guys then have a chilling moments while waiting for our assets to grow further.
Everybody seems to be anxious this time, but if we have to think fairly about holding btc or whatever coins you've got, learning to have control is very important. Even with my experiences, I was weak many times that's why I am motivated now to face another chapter of challenges.

Wilhelm

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Quote from: ?? on ??

Price of the btc will be decreasing soon. But we should hold our bitcoin patiently. $100k is not a tiny amount and for reaching this, it will take more times.

You haven’t been in Bitcoin long enough.
There is about to be a 3-4x grow to go before the decrease based on the last two cycles.

One way to recognize it is when coworkers and your grandma start talking Bitcoin. It will go up $10000 an hour... once this trend starts GTFO. I Think it will ATH at $190k to $220k and crash back to 35k. Above $100k things will get unstable and crazy...

Fatunad

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Quote from: randegibran on February 25, 2021, 11:50:38 AM

Quote from: pixie85 on February 23, 2021, 06:09:15 PM

Looks like we see a lot of weak hands at 54000.

This is the biggest selloff in Bitcoin's history, so that says something about the people who entered after Tesla news.

Pretty much everything above 50 thousand is weak hands and small fish.

Last three days after bitcoin correction and going down still not stable for bitcoin raise to higher price, now still down under $50,000 and how bitcoin break out higher price with consistent on stable price. Maybe many aspect why make bitcoin could be dump drastically more than 10k dollar because panic selling from many investor and make bitcoin weakness to lower price.

This simply shows that this wont be a smooth but rather a very bumpy ride.We cant just expect that there would be some similar run from 20k-50k kind of price rise if we do talk about going from 50k to 100k price point.
Not to be that negative but this price cant really be attained in a short span of time this is why i wont really recommend for someone to anticipate or hope that much even though bitcoin can really possibly go to those heights because it would really be frustrating thing if bitcoin wont able to hit up on what you had anticipated.Everything does have its own right time and when adoption is going almost in full scale then might possibly
able to see those numbers but why should be in a hurry eh?

randegibran

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Quote from: pixie85 on February 23, 2021, 06:09:15 PM

Looks like we see a lot of weak hands at 54000.

This is the biggest selloff in Bitcoin's history, so that says something about the people who entered after Tesla news.

Pretty much everything above 50 thousand is weak hands and small fish.

Last three days after bitcoin correction and going down still not stable for bitcoin raise to higher price, now still down under $50,000 and how bitcoin break out higher price with consistent on stable price. Maybe many aspect why make bitcoin could be dump drastically more than 10k dollar because panic selling from many investor and make bitcoin weakness to lower price.

pixie85

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Looks like we see a lot of weak hands at 54000.

This is the biggest selloff in Bitcoin's history, so that says something about the people who entered after Tesla news.

Pretty much everything above 50 thousand is weak hands and small fish.

randegibran

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Quote from: iv4n on February 23, 2021, 01:39:19 PM

Quote from: Khaos77 on February 23, 2021, 01:27:49 PM

Weak Hands showed up early at $58K.

Tether Manipulators cashing out.

Many bought at lower prices, we can see selling as weak hands, but it can be just collecting profit, and waiting for the dip to buy again! Pretty much the old thing in the crypto!
Well manipulators are whales, people who have big capital, and when they move it from crypto to fiat, or vice-versa, we all feel it!
To be honest, I expected some correction at lower prices, but Bitcoin went a lot higher! Now it's a question is this drop is just temporary, or we are going down for real... probably we will have to wait few days to see what's happening!

Today is panic day because bitcoin dump extremely and now waiting what happen with tomorrow, can bitcoin back higher or keep continue see bitcoin down. I look not be patient with my altcoin still hold because loss much money, I don't know keep holding or looking other way how to get back my profit with cut loss or anything have I do

iv4n

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Quote from: Khaos77 on February 23, 2021, 01:27:49 PM

Weak Hands showed up early at $58K.

Tether Manipulators cashing out.

Many bought at lower prices, we can see selling as weak hands, but it can be just collecting profit, and waiting for the dip to buy again! Pretty much the old thing in the crypto!
Well manipulators are whales, people who have big capital, and when they move it from crypto to fiat, or vice-versa, we all feel it!
To be honest, I expected some correction at lower prices, but Bitcoin went a lot higher! Now it's a question is this drop is just temporary, or we are going down for real... probably we will have to wait few days to see what's happening!

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Weak Hands showed up early at $58K.

Tether Manipulators cashing out.

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Quote from: virtualdn on February 21, 2021, 04:37:47 AM

If BTC will reach $100K of course.

Why?

Because it's a milestone for many.

But not for all.

Don't be weak and give it all to the whales.

Be strong.

Its already starting because of the correction on 58k$ and now we are already down to 47k$ I think bitcoin wouldn't go down that much if people would continue to hold for a long term investment up to 100k$ but it's still going down until now so I guess a lot of people are panic selling. For sure on the way to 100k$, there will be a lot of up and downs and until the bull season is over sure there will be a lot of people that will sell their bitcoin it's really hard to hold especially if you see the market price of bitcoin going down, and it's easy to hold your bitcoin when the market price is pumping.

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Quote from: nelson4lov on February 21, 2021, 04:50:32 AM

At $100K per BTC, that's a price we would see some serious selling by people that want to take profits. In my opinion, instead of selling or blindly holding at that price levels, we should be more concerned to know when the overall market sentiment changes from bullish to bearish or if it continues to stay bullish. Since no one can confidently call the top of this bull run, it's better to profits at important levels and then look for an entry lower than you sold. That way, you end up with more. During the last bull run, a lot of people made money on paper but when the bear market came, they went back to square 1 because they were only profitable on paper and didn't take profits when they saw it.

My point? Hold but don't hold blindly. Take profits as time goes.

Is theory this is right, but as you said, no one can know where the top is. If you sell and then the price skyrocket afterwards, you end up loosing. I really believe the HODLING is the best strategy, if you believe on the technology on the long term.

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Quote from: Lorence.xD on February 23, 2021, 06:22:35 AM

Quote from: ?? on ??

Not even up to $100k and lots of weak hands and laying off the bags making sharp price drop but I gues with next terget at $60k and above. Lots of surprises in the next couple of days.

I wouldn't say weak hands, I would consider them more of a traders, they know the opportunity so they have to profit from it. Hodling alone will not be a good thing for you if you are dealing with bitcoin because you will see the market going up and down all the time so you might as well exploit the fact that you see it and trade your bitcoin. It is a good thing that they are laying off the bags right now because others will buy more bitcoin.

There are traders and speculators, but there are also many weak hands following their lead and on the contrary of traders and speculators, weak hands don't make profit and keep perpetuating the cycle of buying high and selling low. Panic buying or selling is never good. If an investor doesn't have much experience on this market it's better just to hold, otherwise he will be another weak hand losing money.

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Quote from: Lorence.xD on February 23, 2021, 06:22:35 AM

Quote from: ?? on ??

Not even up to $100k and lots of weak hands and laying off the bags making sharp price drop but I gues with next terget at $60k and above. Lots of surprises in the next couple of days.

I wouldn't say weak hands, I would consider them more of a traders, they know the opportunity so they have to profit from it. Hodling alone will not be a good thing for you if you are dealing with bitcoin because you will see the market going up and down all the time so you might as well exploit the fact that you see it and trade your bitcoin. It is a good thing that they are laying off the bags right now because others will buy more bitcoin.

Good traders will be able to sell, some and then continue holding the rest. Not all these traders are weak hands in my opinion and simply executing their calculated trades and I am pretty sure these are intelligent decisions. I know someone who sold some during the first ATH and then continued investing during the dip or bear period of 2018. I am pretty sure he made significant profits now that Bitcoin went to much higher prices.

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Quote from: ?? on ??

Not even up to $100k and lots of weak hands and laying off the bags making sharp price drop but I gues with next terget at $60k and above. Lots of surprises in the next couple of days.

I wouldn't say weak hands, I would consider them more of a traders, they know the opportunity so they have to profit from it. Hodling alone will not be a good thing for you if you are dealing with bitcoin because you will see the market going up and down all the time so you might as well exploit the fact that you see it and trade your bitcoin. It is a good thing that they are laying off the bags right now because others will buy more bitcoin.

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Seems we even have weak hands at 50k why do we need to wait for 100k? Wink

We saw weak hands at 10k, 20k, plenty of other milestones that saw a lot of huge dips like now. Remember less than a year ago in March? Everyone was selling in March!

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Quote from: 20kevin20 on February 22, 2021, 09:17:36 AM

I think these large companies will intentionally let massive pullbacks happen now, as they can profit off pullbacks themselves.

Since Bitcoin is quite predictable today and all previous massive bull runs ended up as major pullbacks, do you think the larger-scale investors such as MicroStrategy would not play Bitcoin markets the Bitcoin way? I'm expecting them to sell and purchase based on the way Bitcoin markets move: massive bull runs = sell; major pullbacks = buy.

It might be a very risky move, but at the end of the day it's still going to be a battle of the Rich. They're still going to try to accumulate as much of the BTC's circulating supply as possible and make a fortune out of it.. especially since they missed the train and almost a trillion worth of BTC is sitting in our pockets!

Maybe they’re late, and maybe they’re not - it depends on from what angle you look at the situation. I have already written that we cannot compare the purchasing power of an ordinary man working for a monthly salary, and globally known companies that have billions at their disposal for investments. Of course, they will try to lower the price as much as possible, but I think we are in a period when, if we look at history, BTC had the best performance.

It is true that much of BTC has found itself in the hands of tens of millions of individual users over the years, but most will sell sooner or later (and many already have). I hope some will still be wise and not let them play tricks on us.

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Quote from: TedMosby on February 22, 2021, 01:15:04 PM

so, $100k is the most people's target?
how about institutions? how about sovereign wealth funds?

Perhaps for average joe like us, or majority of individual investors. But we can't be certain for institutions and big companies. They put their wealth on bitcoin to. be a hedge so I we really don't know if they have specific targets to get profits or just continue their reserve asset to bitcoin.

Quote from: TedMosby on February 22, 2021, 01:15:04 PM

one thing that makes me scared is the institutions and big names that already jumped into bitcoin.
big institutions' FOMO leads the retail. When those big institutions become the ones with weak hands, it will be followed by the retail.
unless we could have another wallstreetbets in the future.

Institutions for me are not of weak hands though, they have investment billions upon billions into bitcoin. That alone speaks how they want to profit in this market.

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We stand into different perceptions and opinions regarding the said matter so certainly no one can literally be exactly to be right or wrong since we are not on the same foot experiencing different sort of things when it comes to cryptocurrency most specially on the strategies we apply for our own good sake. Other people might say it becoming weak hands upon doing selling once Bitcoin reach $100,000 but for those being stated, they were just being wise and assuring they aren't missing the opportunity of grabbing the chance to gain profit. They have set their limitations into realistic ones although they can still go on. It is their own decision and judgment on the situation so they cannot be stated as merely weak hands. They were just securing of what they think is enough to be realistic for their part.

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Quote from: AmoreJaz on February 21, 2021, 06:35:57 AM

Quote from: tabas on February 21, 2021, 06:25:34 AM

We have different goals and situations. Some have sold a lot on $10k and the other consecutive prices. We cant blame them, maybe fate permitted it and they have an circumstances to face.
Sell freely at any amount you want and determine your goal and keep for longer and continuous holding

of course, everyone of us is facing different situations in life and so decision varies at every price level of bitcoin. definitely you will sell some of your stash if you bought btc at 50k and in the future it will reach 100k level. that's nice return for not doing anything with your funds, just holding.
so whatever we may decide in the future, it is all up to us. no one can accuse you of being weak hands or of that sort, because thats your money. and you have all the privilege to do what you want with your stash

That's their opinion if someone says you're a weak hands, and it's up to you if you'll take that seriously or just ignore it. What's the best and most important part of it is that you've made profit from it.
You can keep it to yourself and have an entire exit but it's not a good idea if that's the choice.

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https://bitcointalk.org/index.php?topic=5274318.0

so, $100k is the most people's target?
how about institutions? how about sovereign wealth funds?

one thing that makes me scared is the institutions and big names that already jumped into bitcoin.
big institutions' FOMO leads the retail. When those big institutions become the ones with weak hands, it will be followed by the retail.
unless we could have another wallstreetbets in the future.

acquafredda

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If anyone does sell Bitcoin at $100K it does not necessarily mean he or she has weak hands. Everyone has a selling price at which we can feel comfortable selling and those who do not know how to handle volatility, take advantage of sideways price actions and all the rest of it are bound to sell and never be happy with what they have.
Bitcoin, in the end, is only a tool to be used, not something to get lost into.

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I never considered holders that sell at a profit a weak hand. They have their own goal and timeframe. It is a mission accomplished for them if they sold it at their target price. What I considered weak hands are those who were shaken by the price drop of BTC selling at a loss. So, those who waited for $100k to sell at a profit will never be considered weak hands.

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I think, in my opinion those with weak hands have might already sold theirs, possibly during the last ATH in 2017 when it crossed the first ATH of 20,000 dollars. And also those who bought at that time might have sold theirs when Bitcoin went to 40,000. But of course for me that is only 100% percent profit meaning your investment in 2017 only doubled in 2021, and I don't think many of us like a four year wait for Bitcoin to raise in value.

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I do not want to say that it is weak hands because selling bitcoin at $100k will depend on each person's reason. If they think that they want to sell at that price and leave the market for a while, that is not a weak hand because they have a target they want to reach. But if people panic because the price can drop significantly after getting $100k, that will be a weak hand. Every trader will know what they want to do when the bitcoin price reaches $100k, and we can not blame them for their reason because we hope they know what they are doing.

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Yes. That is a very difficult threshold but is still possible. Market volatility for the correction today, the impact of the media, the "weak" psychological pressure and some tricks have created an advantage for the bulls. Institutional investors have opened up that opportunity, and they are not willing to build walls. The large volume of bitcoins dumped is similar to the mass of force that the anonymous elephant moves. This is convenient for a higher ATH but meets the standard of market sentiment in my opinion very volatile.
https://www.cryptopolitan.com/microstrategy-buy-whale-moved-13204-btc
I think Testa - Elon

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Quote from: Lucius on February 21, 2021, 08:37:11 AM

While $100k certainly has some psychological significance, I don't believe mass sales will begin at that point - because bulls are strong and getting stronger every day because the market is no longer in the hands of whales, but has been taken over by big players like Grayscale, MicroStrategy, Tesla and PayPal who did not enter this game due to short-term profits.

I think these large companies will intentionally let massive pullbacks happen now, as they can profit off pullbacks themselves.

Since Bitcoin is quite predictable today and all previous massive bull runs ended up as major pullbacks, do you think the larger-scale investors such as MicroStrategy would not play Bitcoin markets the Bitcoin way? I'm expecting them to sell and purchase based on the way Bitcoin markets move: massive bull runs = sell; major pullbacks = buy.

It might be a very risky move, but at the end of the day it's still going to be a battle of the Rich. They're still going to try to accumulate as much of the BTC's circulating supply as possible and make a fortune out of it.. especially since they missed the train and almost a trillion worth of BTC is sitting in our pockets!

AniviaBtc

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People are having that milestone, for bitcoin to reach $100k then they will sell at that price which is really regrettable in the end.

That feels like you wasted all of your effort waiting for bitcoin to become so much profitable in the market.

Even if it seems impossible to hope for bitcoin to reach $1M in the market, the reality that the bitcoin is volatile is what makes bitcoin investment really interesting.

7788bitcoin

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Quote from: Lucius on February 22, 2021, 06:06:32 AM

When people look with amazement at the fact that EM has invested as much as $1.5 billion in BTC - they should know that it is pocket money for him - and even if he loses it he will not stay hungry nor will the bank confiscate his house and throw him out. The difference between them and us is that we small investors invest money that means a lot to us in everyday life, while the rich have a surplus of money that they spend without any problems and consequences.

When i see topics like these i usually laugh off as everything thinks that everyone is a billionaire. Millions of investors in the cryptocurrency market are doing normal jobs and living with pay check to pay check and we accumulated the coins but i personally have sold many coins to have a good vacation in the past and i cannot invest in the market with the price above $50k as this is the pay scale i get on an annual basis and i will not risk investing now but the few coins i am holding i might sell when i think i need a vacation.

Lucius

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Quote from: ?? on ??

True point. $57K to Musk is pennies to the ordinary people. There are giants who will still buy at $200K.

This is something that most people generally ignore when it comes to money and how it is perceived by people from different layers of society. The average person tries to survive from one payout to another, tries to do the best he can and certainly does not sleep peacefully in times like this - while the rich only care what color their new luxury car will be or how long the new yacht will be.

When people look with amazement at the fact that EM has invested as much as $1.5 billion in BTC - they should know that it is pocket money for him - and even if he loses it he will not stay hungry nor will the bank confiscate his house and throw him out. The difference between them and us is that we small investors invest money that means a lot to us in everyday life, while the rich have a surplus of money that they spend without any problems and consequences.

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Quote from: xSkylarx on February 21, 2021, 05:16:25 AM

Quote from: Ultegra134 on February 21, 2021, 04:50:40 AM

The $100.000 milestone is starting to look way more probable than ever, especially after such rally the past few days. I cannot blame anyone for selling at such prices, due to it being a huge psychological boundary. Myself, have sold at lower prices for the same reason. Tried to recover from my mistakes though and will try to hold as much as possible.

I'm not sure myself either though. I wouldn't be exactly sure if I'd sell or keep my BTC, supposing Bitcoin was to hit $100.000 in a month.

No one would just buy bitcoin at that price, even a hundred thousand satoshi would be expensive. What I will do is sell half of it or an amount that is equivalent to 2yrs of my salary then wait for a year to see if bitcoin can still go beyond that price. If so, I would not sell it until I retire. Bitcoin has only 21 million supply and every 4 years the difficulty for it to mine a whole gets half so I believe it can still go higher than $100k. It's still early to see that because bitcoin is not that acknowledged yet in many countries.

Well it's demand and supply and even right now there are people that buy it when the price is already at 50k which i never thought will happen in less than 3 years. So if there's more and more people that want to get into crypto then that kind of price will be inevitable. I already sell half of my bitcoin at 50k and at 100k maybe i will sell a few more. It's still early to think about that kind of price because it will be double than the price right now.

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Bitcoin will reach this price by the end of the year, and I am sure that this year, with a lot of investment and the recognition of Bitcoin by the people of the world, we may see that Bitcoin will reach even higher prices.
Who would have thought that bitcoin would rise from 12,000 last year to 56,000? I never thought about that price.

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That would be the last thing for the other old investors because they really deserve it, man, I mean, they've been holding for too long right now and have been through the harsh time in the market. Not to mention the others who mentally broke when they saw the price has been down for long after they've invested in $17,000 in the year 2017. Now if they want to sell their BTC, is up to them and if they wanted to sell it now, is not that bad either but they also miss some opportunities to sell it even more at a higher price than this.

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Quote from: virtualdn on February 21, 2021, 04:37:47 AM

If BTC will reach $100K of course.

Why?

Because it's a milestone for many.

But not for all.

Don't be weak and give it all to the whales.

Be strong.

The adjusted price at 56k is huge. It happened 2 days today. though, bitcoin did try to overtake the new ATH with $ 58k. Some sentiment has sagged at this level.
Profit taking seems to be rushing. In my opinion, for bitcoin to move up at this stage, more drastic correction is needed, institutional investors to reassess the situation at this point.
There is a flurry of mass, bitcoin will go to $ 100k, even more. Stronger hold is needed for the bulls to move at the $ 60-65k destination

MCobian

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If you look at Bitcoin hitting a price of $ 57k very quickly, I think it will hit the $ 100k target very soon. But I will not call weak to people selling Bitcoin
at $ 100k, nor people selling Bitcoin at $ 57k. Because everyone has their own strategy. I also partly sold Bitcoin when it hit a price of $ 50k, and
waiting for Bitcoin correction to the price of $ 40k. But the price of Bitcoin is increasing nowadays, but I believe there will be a correction in advance
for Bitcoin to reach a price of $ 100k. So I don't regret my decision to sell Bitcoin when it was $ 50k. There is definitely a chance I will be able to
buy Bitcoin again at a low price, because I believe Bitcoin will be corrected once it reaches $ 60k.

Kocret02

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Quote from: virtualdn on February 21, 2021, 04:37:47 AM

If BTC will reach $100K of course.

Why?

Because it's a milestone for many.

But not for all.

Don't be weak and give it all to the whales.

Be strong.

BTC could be in the $ 100k position but not right now, it might have to wait in the next few months. We'll see if the BTC market is strong we will be able to see the BTC in the position of $ 100k or more in the future

ReiMomo

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It is too early to tell that bitcoin will reach $100k even this year, but if that moment will come, I guess you are extremely right, there could be a weak hand who want to gain profit but for sure, there are upcoming investors not only us.

The adoption of bitcoin will continue because as we know the awareness of people was already spread through different aspects such as social media or any person associated with the internet. So, there could be a new investors era not only us, if we sell on the $100k price, that is fine, bitcoin will continue growth.

Asuspawer09

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Quote from: virtualdn on February 21, 2021, 04:37:47 AM

If BTC will reach $100K of course.

Why?

Because it's a milestone for many.

But not for all.

Don't be weak and give it all to the whales.

Be strong.

There will be a lot of people for sure that are going to sell their bitcoin when the market price rises to 100k, a lot of companies are starting to invest in bitcoin at which would make the price rise.

If you sell your bitcoin early it would be a bad decision, you need to be on the seller's side if that happened, not the one who buys bitcoin because it will be so much overpriced if the time comes.

The growth of bitcoin is just so fast in just 2 months we already reached 50k$ and now almost close to 60k$, I feel like we could easily reach 100k$ in just 2021 or maybe even 200k$.

blucepheus

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We’re all at different places in our lives.

If you’re in your early 30’s, are well-diversified and have a 6-figure income, it probably makes sense to hodl through and past $100k. Chances are, you’ll be glad you did, especially with the likes of PayPal, Square and Tesla bringing awareness to Bitcoin — many Fortune 500 companies are likely to follow suit in seeing Bitcoin as a more solid value store than depreciating fiat.

If you’re nearing retirement, or are retired, and can’t afford a significant correction, your strategy will be appropriately more conservative.

I’m hodling, prepared to lose it all but thinking it will make me very wealthy long-term.

Stalker22

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Btw, I just realized that, at the moment, 1 BTC is worth more than 1kg of pure gold. So, another milestone behind us. Cheesy

It's amazing how far we've gone in just four years.

"1 Bitcoin Is Now Worth More Than An Ounce Of Gold"
source: Forbes - Mar 2, 2017

Quote from: ?? on ??

Good point. $100,000 and 100,000 Euro are different things.

Many forget that USD is not a world currency. Wink

ChrisPop

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Not your Keys, Not your Bitcoins

I'd rather ask myself: is there a better investment alternative that can protect my wealth from fiat depreciation and at the same time yield me a decent yearly return? There are very few exceptions that can beat Bitcoin's annual average growth of over 200%.

Of course that a sound investor needs to practice a minimum amount of diversification, but is Bitcoin such a risky asset? Except from regulatory risks which are getting lower (in my opinion) as institutional adoption is rising, Bitcoin doesn't face many risks. I mean it has stood the test of time pretty well (+12 years since genesis block) and the network has been expanding at an incredible pace.

If you look at it objectively do precious metals deserve to be better capitalized than a beautifully designed, digital, ultra-secure and portable, inflation-proof cryptocurrency? My answer is an unequivocal NO and therefore I don't see why BTC shouldn't continue its climb *at least towards $500k when its market cap should be equal to Gold's, but again, I expect a lot of money to flow from other assets classes so it can achieve much higher heights.

Remember to be careful when investing. This is just my humble opinion.

Bitstar_coin

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Anyone who is able to hold till 100k and sell don't seem like a weak hands to me Grin

Do you think it is easy to hold all through without the temptation to sell, selling at 100k is not bad at all, but buying at 100k is definitely a risk Cheesy

pixie85

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Quote from: charlesmichel1 on February 21, 2021, 07:04:55 AM

We saw a lot of "weak" hands at $40K and $50K. I don't thinks it's about weakness. All people hold for different purposes.

A lot? really? After reaching 49 thousand we had a dip back to 46 that did not even last a day and the price was back at 50.

If we add that the day before the price was 47 thousand we'll prove that there was almost no weak hands. In 2 days price went from 47 to 49 and back to 49. That's traders trading, not a big deal.

People like these milestones but 50 thousand dollars is not a milestone in the EU because EUR price is lower. It's also not a milestone in China, Japan, Korea, countries that trade in their own cryptocurrencies.

Casdinyard

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Quote from: ?? on ??

Quote from: Slot Kid on February 21, 2021, 11:01:37 AM

Selling at $100,000 isn’t weak hands, especially if you got in really early. It’s just good investing. Weak hands is buying high, selling low. However you should never sell all your bitcoin, that’s retarded.

Selling BTC is not investing. Investing is buying a home with the BTC.

That is another form of investment. What do we call an investment turned to another investment? It is somewhat of the same thing. Investment is always assumed to result into profit, but that's not really accurate. Investment is something that will benefit you from doing so, that's how simple it is whether it if profit or sufficed need.

Bitcoin at such high market price would be somewhat worrisome to enter if you are an investor. The idea is that the price is continuously increasing but nothing holds this assumption as a fact. Some will be afraid to invest and some will be considering to sell and both are valid. There's no rule prohibiting someone to make decisions to his/her investments. Just do note the consequences of those actions and no need to compare or to look down with other people's decisions.

Slot Kid

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Selling at $100,000 isn’t weak hands, especially if you got in really early. It’s just good investing. Weak hands is buying high, selling low. However you should never sell all your bitcoin, that’s retarded.

bassbity

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difficult if it has reached $ 100,000, it will not be easy to strengthen the pension. just imagine between today or not in the future. waiting to come back it would take a long time. the whales are holding out prices that shake our wallets. what we have to take, hand over or keep. both will be war in our minds.

masterrex

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Quote from: virtualdn on February 21, 2021, 04:37:47 AM

If BTC will reach $100K of course.

Why?

Because it's a milestone for many.

But not for all.

Don't be weak and give it all to the whales.

Be strong.

IMHO, I think even the $50K price level per Bitcoin is already tempting to unload the BTC holdings because it was already a huge gain. What's more, if you bought those BTC at a much lower price? And what if the speculation price will hit $100K in the near future? I'm pretty sure that many will unload their BTC holdings because $100K per BTC is already big money and many average hodlers cannot resist it.

woh0dly

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I see people selling at numbers that bring the life milestones.

Milestone 1: Payoff Car / minor debt
Milestone 2: Payoff major debt / payoff house
Milestone 3: Retire / Secure Family Trust / Children Education etc

Those are the 3 life events I see for why people sell when they do in general.

Personally I see 500k-1M USD per BTC being the major bell curve selling prices.

Lucius

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Quote from: 20kevin20 on February 21, 2021, 07:43:40 AM

A strong pullback is to be expected when $100k is going to hit though, simply because it's a number that has never been touched before: 6 digits.

Expectations are one thing, and reality is quite another - because if someone had told me that the price would be almost $60k at the end of the second month of 2021, I would probably would say he exaggerates with expectations. While $100k certainly has some psychological significance, I don't believe mass sales will begin at that point - because bulls are strong and getting stronger every day because the market is no longer in the hands of whales, but has been taken over by big players like Grayscale, MicroStrategy, Tesla and PayPal who did not enter this game due to short-term profits.

Although this amount seems expensive to ordinary mortals - there are those who are so rich that it is a real trifle for them - they will continue to buy as they do now.

Amejoaquim

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I think when the price of BTC reach $100k im gonna sell it because $100k is my "Goal".

Even though the price of BTC will rising higher than that it's ok for me i will not regret it because every investment we need to set our own target or we gonna lose opportunity to sell.

orions.belt19

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I wouldn't exactly call them weak hands, you'd have to take some profit at some point otherwise paper gain is useless. I won't judge early adopters who already exited or plans to exit once BTC hits $100K. They waited and endured for so long. Of course, if you're a seasoned trader and long time crypto enthusiast then you would know how to exit and use a portion of that to buy back on a dip. I foolishly sold everything last 2017 ATH and it still hurts like hell but was a worthwhile lesson. I was young and naïve who had no foresight whatsoever, and hey I was at college so getting easy buck was very enticing. Bottom-line, we can very well expect many to take profit at $100K - whether they would regret or not is not for us to tell.

20kevin20

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More of a psychological level for many, so even strong hands might be selling. I can't really call "weak hands" those who purchased these days and are about to sell at $100k. As long as it's a profit, it's not weak-handed. A strong pullback is to be expected when $100k is going to hit though, simply because it's a number that has never been touched before: 6 digits.

As other stated before, most of the weak hands are now gone since most of them either sold back when the $20k -> $3k dump happened, when the Covid dump took place or have held from 2017 all the way 'till 2020 to recover from their losses.

maculeth

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Don't get me wrong when looking at the market, if it reaches $ 100k it's better not to buy, because we will only be a small part then the price will be dumped. just let it run as it is.

pawanjain

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Nothing lasts forever

Quote from: bittraffic on February 21, 2021, 05:30:32 AM

I can agree with that. $100K is too much for 1BTC, we may really be seeing a huge dump when it reached that price.

Wasn't $20k too much for bitcoin ? or wasn't $50k too much for bitcoin ?
Yet we are seeing an increasing demand for bitcoin each day. Although even I am sure that we will see a huge sell off when bitcoin reaches $100k but we can't really say it's too much for bitcoin.
You never know may be in a decade it might cross $500k as well. Knowing our targets and buying/selling as per our strategy is the only thing we can do to not regret later.
I believe there should be at least some portion of our bitcoin holdings that we should keep until we retire or to pass it as a legacy.

Just imagine our children saying my dad was so cool. He bought bitcoin at $20k and today the price has reached $500k (or may be beyond that)

charlesmichel1

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We saw a lot of "weak" hands at $40K and $50K. I don't thinks it's about weakness. All people hold for different purposes.

Lucius

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I’m convinced the weak hands have already sold, and most even when BTC scored a new ATH and crossed $20k - because they expected the same correction as after the bull run back in 2017. Those who then managed to resist the temptation sold on the way to $30k - and the rest to $50k.

Of course some experienced users who understand the current situation only sell when they need it or when they use BTC to pay for something. For some, it makes no sense to sell at all because they believe that the time will come when payments from BTC will be available everywhere - but still we all wonder when the correction will happen and whether it will be as drastic as in the past.

I think anyone who has a few Bitcoins can apply the tactic to sell a certain percentage at a certain level and then use that money to buy new coins in case of a bigger correction.

AmoreJaz

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Quote from: tabas on February 21, 2021, 06:25:34 AM

We have different goals and situations. Some have sold a lot on $10k and the other consecutive prices. We cant blame them, maybe fate permitted it and they have an circumstances to face.
Sell freely at any amount you want and determine your goal and keep for longer and continuous holding

of course, everyone of us is facing different situations in life and so decision varies at every price level of bitcoin. definitely you will sell some of your stash if you bought btc at 50k and in the future it will reach 100k level. that's nice return for not doing anything with your funds, just holding.
so whatever we may decide in the future, it is all up to us. no one can accuse you of being weak hands or of that sort, because thats your money. and you have all the privilege to do what you want with your stash

FIFA worldcup

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Quote from: virtualdn on February 21, 2021, 04:37:47 AM

If BTC will reach $100K of course.

Why?

Because it's a milestone for many.

But not for all.

Don't be weak and give it all to the whales.

Be strong.

You are thinking way to far. We are not reaching 100K anytime soon and when we will reach 100K, many people will cash out. The reason is that people will sell at 100K and then buy back at 80,000$. Anyways we will talk about this when we are near 100K.

Poker Player

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It will happen the same as it did recently when we hit $50k or shortly before when we broke $20k again. A big resistance will form. And in the case of $100k even more so.

When the price hits those round numbers it is hard to beat the ath because so many sell orders are placed at those levels. Then, once the level is beaten, it will cost little to get to $105k for example.

tabas

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We have different goals and situations. Some have sold a lot on $10k and the other consecutive prices. We cant blame them, maybe fate permitted it and they have an circumstances to face.
Sell freely at any amount you want and determine your goal and keep for longer and continuous holding

vapourminer

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what is this "brake pedal" you speak of?

many of us just sell as needed for some project or timeframe or whatever.. and whatever the price is at that point is what it is. so personally i will sell at levels that make sense to me for my purpose at that time.

otherwise, many have held through several ATHs and the following bear years and if we didnt sell then why would 100k be any different.

dunfida

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Even reaching 100k, we would really able to see some sell offs on 60k for sure.I dont really mind much about 100k for now but for most hodlers
then they are really eyeing for this level and this wont only talking about sell off into those retail traders but also to those big main players
that who had bought 20-40k price for sure. Huge correction? I wont really be that surprised.

btc_angela

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Quote from: virtualdn on February 21, 2021, 04:37:47 AM

If BTC will reach $100K of course.

Why?

Because it's a milestone for many.

But not for all.

Don't be weak and give it all to the whales.

Be strong.

Obviously $100k is a big numbers for most of us, specially those who enter bitcoin late 2020 and up to this day. So you can't blame them if they push the sell button once we hit that 6 digits in the future. They might regret it though, but it is what it is.

For every seller, there will be a buyer. You might call these sellers weak hands, but that's their decision. But for those who understand what being a holder is, they've probably looking for a higher price triple or even 10x of that $100k price range.

Janation

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We can't blame them, that is a huge profit for a lot of people.

But if we actually reach that price this year, that tells us something. I think people won't just sell their Bitcoin at that time because they knew that it will still reach greater heights. Considering the investments of huge institutions, it could reach further than $100K. And despite people actually selling at that point, I think it will just go back because of its demand.

jesselui

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With the start of the week, bitcoin will easily pass $ 60k in my opinion. The $ 50k was the resistance point, and the rest came easy as it broke the 50k. Let's see what is going to happen.

Altcoinsintel

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I'm not waiting for 100k, I have sold already. Am I missing profit? Probably. It can go a little longer and reach 100k and 200k, however I didn't expect to make ten times my money and I wasn't going to be strong hands that will hold in blood and tears when the price turns negative. I still hold a very small part of the investment but I'm selling very soon. I'm not a holder and not an investor, moreover this kind of talk about weak hands just has the opposite results and means there is little financial literacy from your part. Better go back to your Gamestop investment and feel better belonging to a community of day trader losers.

Tessnik

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I don't call selling off of assets as weak hands except it was initially intended to be held for a specific number of time, I know a lot of holders will lay off some bags of bitcoin when it reaches $100,000 because they will like to take off the profits. But there are still some holders who will not sell even when it reaches $200k.

aoluain

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Of course there will be buyers at $100k.

Ask anyone 5 years ago if they would buy at $50k, you know what the answer would be.

There will be weak hands at such a massive milestone as $100,000 these will be either people
anticipating a massive pull back and being able to buy that big dip or people who dont believe
Bitcoins price can continue its upward trajectory.

bittraffic

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Quote from: xSkylarx on February 21, 2021, 05:16:25 AM

Quote from: Ultegra134 on February 21, 2021, 04:50:40 AM

The $100.000 milestone is starting to look way more probable than ever, especially after such rally the past few days. I cannot blame anyone for selling at such prices, due to it being a huge psychological boundary. Myself, have sold at lower prices for the same reason. Tried to recover from my mistakes though and will try to hold as much as possible.

I'm not sure myself either though. I wouldn't be exactly sure if I'd sell or keep my BTC, supposing Bitcoin was to hit $100.000 in a month.

No one would just buy bitcoin at that price, even a hundred thousand satoshi would be expensive. What I will do is sell half of it or an amount that is equivalent to 2yrs of my salary then wait for a year to see if bitcoin can still go beyond that price. If so, I would not sell it until I retire. Bitcoin has only 21 million supply and every 4 years the difficulty for it to mine a whole gets half so I believe it can still go higher than $100k. It's still early to see that because bitcoin is not that acknowledged yet in many countries.

I can agree with that. $100K is too much for 1BTC, we may really be seeing a huge dump when it reached that price. I will most likely sell my BTC and altcoins too for stablecoin and then wait. It's the price where microstrategy investors will sell for profit. When all these take place, it's best to lay low in crypto and just focus more on my offline business. This is where we wait for the dip that unexpectedly low.

xSkylarx

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Quote from: Ultegra134 on February 21, 2021, 04:50:40 AM

The $100.000 milestone is starting to look way more probable than ever, especially after such rally the past few days. I cannot blame anyone for selling at such prices, due to it being a huge psychological boundary. Myself, have sold at lower prices for the same reason. Tried to recover from my mistakes though and will try to hold as much as possible.

I'm not sure myself either though. I wouldn't be exactly sure if I'd sell or keep my BTC, supposing Bitcoin was to hit $100.000 in a month.

No one would just buy bitcoin at that price, even a hundred thousand satoshi would be expensive. What I will do is sell half of it or an amount that is equivalent to 2yrs of my salary then wait for a year to see if bitcoin can still go beyond that price. If so, I would not sell it until I retire. Bitcoin has only 21 million supply and every 4 years the difficulty for it to mine a whole gets half so I believe it can still go higher than $100k. It's still early to see that because bitcoin is not that acknowledged yet in many countries.

Garmo

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a big price pullback is imminent and inevitable, if that's what you mean. Admittedly, we should've went through a much bigger correction before we broke the 60K line, but Elon Musk, being himself, decided he wanted to fuck with the market with this tweets.

Ultegra134

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The $100.000 milestone is starting to look way more probable than ever, especially after such rally the past few days. I cannot blame anyone for selling at such prices, due to it being a huge psychological boundary. Myself, have sold at lower prices for the same reason. Tried to recover from my mistakes though and will try to hold as much as possible.

I'm not sure myself either though. I wouldn't be exactly sure if I'd sell or keep my BTC, supposing Bitcoin was to hit $100.000 in a month.

nelson4lov

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At $100K per BTC, that's a price we would see some serious selling by people that want to take profits. In my opinion, instead of selling or blindly holding at that price levels, we should be more concerned to know when the overall market sentiment changes from bullish to bearish or if it continues to stay bullish. Since no one can confidently call the top of this bull run, it's better to profits at important levels and then look for an entry lower than you sold. That way, you end up with more. During the last bull run, a lot of people made money on paper but when the bear market came, they went back to square 1 because they were only profitable on paper and didn't take profits when they saw it.

My point? Hold but don't hold blindly. Take profits as time goes.

virtualdn

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If BTC will reach $100K of course.

Why?

Because it's a milestone for many.

But not for all.

Don't be weak and give it all to the whales.

Be strong.

Topic: I think we will see a lot of weak hands at $100K (Read 662 times)