I don't believe your assertion that the higher Bitcoin value the lesser the buyer because over the years it has proof that many buyers do adopt Bitcoin when it's price is because there all positive news around the social medias so people want to enter and make profit as they don't want to be left out, and that was why many people used to be trapped during Bitcoin market rally because that is when whales do take profit.
Topic: The higher BTC goes, the bigger the risk/reward ratio and the less buyers enter (Read 786 times)
October 31, 2021, 04:01:59 PM
October 31, 2021, 03:17:54 PM
some have already said. but worth repeating as it seems many have ignored/over looked
tl:dr
"what if btc reaches $61million per btc"........ use bits
much like how 1tonne of gold is $61mill.. no one measure per tonne anymore. they use ounces
long winded explanation
people do not need to invest full fiat to buy a full btc
say you initially invested $30k to buy 1btc back last december.
ta da well done you doubled your funds
but you do not need to invest all the $60k now to double.
instead you can buy $30k worth (0.5btc) and when the price doubles ta da another 2x
..
also if you cannot afford say $60k today. and can only afford say $6k. dont worry. 0.1btc can become worth $12k (2x) when the price doubles
what people dont realise is in the gold market. if the gold market was measured per tonne price. it would be a market price of $61,094,568 per tonne
but no one buys whole tonnes. so why care about that metric..
same goes for btc. why care about whole btc. when we could just have market price of say 'bits'(100sat) which converts as $60k per btc=$0.06 per bit
imagine all markets just showed that people can buy bits for $0.06
it will feel like its 2010 again where people are buying crypto for pennies
where each year it goes up from that few pennys per metric price
no one would care about a metric they cannot afford and instead be trading as if it was 2010 with units for sell for pennies
lets imagine it another way
how about a secret no one knows. before bitcoin had an exchange selling btc. there were a few people selling bitcoin not in btc but in pza. this was a bundle of units measured as about 20,000 in todays btc.
this was the trade of the 'bitcoin pizza' where by a pza(20kbtc) was worth about $30.
yea i just made up a pza metric. but the point is the value then was real.
and thats the thing. in bitcoins source code of how raw data is used in blocks and transactions.. there is no 'btc' just like there is no 'pza'
all block data all transactions since the genesis has always been measured in sats.
yes theres even no such thing as 'bits' in raw data. but again there is no such thing as 'btc' either so dont get too hung up on holding onto the illusion of a btc metric.. just like people are not hung up on a tonne gold metric.
markets can use different metrics for the same asset and not have a problem
whether gold is measured in killogram, ounce or gram.. doesnt mean anything
whether bitcoin is measured in pza btc bits.. doesnt matter
what people need to realise is if a tonne looks too expensive. use ounces.. if a btc looks expensive use bits
tl:dr
"what if btc reaches $61million per btc"........ use bits
much like how 1tonne of gold is $61mill.. no one measure per tonne anymore. they use ounces
long winded explanation
people do not need to invest full fiat to buy a full btc
say you initially invested $30k to buy 1btc back last december.
ta da well done you doubled your funds
but you do not need to invest all the $60k now to double.
instead you can buy $30k worth (0.5btc) and when the price doubles ta da another 2x
..
also if you cannot afford say $60k today. and can only afford say $6k. dont worry. 0.1btc can become worth $12k (2x) when the price doubles
what people dont realise is in the gold market. if the gold market was measured per tonne price. it would be a market price of $61,094,568 per tonne
but no one buys whole tonnes. so why care about that metric..
same goes for btc. why care about whole btc. when we could just have market price of say 'bits'(100sat) which converts as $60k per btc=$0.06 per bit
imagine all markets just showed that people can buy bits for $0.06
it will feel like its 2010 again where people are buying crypto for pennies
where each year it goes up from that few pennys per metric price
no one would care about a metric they cannot afford and instead be trading as if it was 2010 with units for sell for pennies
lets imagine it another way
how about a secret no one knows. before bitcoin had an exchange selling btc. there were a few people selling bitcoin not in btc but in pza. this was a bundle of units measured as about 20,000 in todays btc.
this was the trade of the 'bitcoin pizza' where by a pza(20kbtc) was worth about $30.
yea i just made up a pza metric. but the point is the value then was real.
and thats the thing. in bitcoins source code of how raw data is used in blocks and transactions.. there is no 'btc' just like there is no 'pza'
all block data all transactions since the genesis has always been measured in sats.
yes theres even no such thing as 'bits' in raw data. but again there is no such thing as 'btc' either so dont get too hung up on holding onto the illusion of a btc metric.. just like people are not hung up on a tonne gold metric.
markets can use different metrics for the same asset and not have a problem
whether gold is measured in killogram, ounce or gram.. doesnt mean anything
whether bitcoin is measured in pza btc bits.. doesnt matter
what people need to realise is if a tonne looks too expensive. use ounces.. if a btc looks expensive use bits
October 31, 2021, 02:55:13 PM
You know.... people said the same thing when the price was $300 ..... then again at $1000 and so on and so on.... I was one of the lucky people who discovered Bitcoin at +/- $300+ and since then I made more than 800% profit on my coins. 
It takes a few years for these things to happen.... so do not think short term with these Bitcoin investments. The sad things is, Bitcoin is not a commodity.... but rather an alternative currency... so the hoarding of coins are actually harming Bitcoin's future.
It takes a few years for these things to happen.... so do not think short term with these Bitcoin investments. The sad things is, Bitcoin is not a commodity.... but rather an alternative currency... so the hoarding of coins are actually harming Bitcoin's future.
if you are asked now:
in your opinion what are the chances of someone buying bitcoin for the price of $60,000 and making 4X profit in just a few months? note that I didn't even talk about 10X profit, I'm just talking about 4X. I'm sure most people will tell me that buying $60,000 to have 4X profit in a few months is a very difficult thing to do, and they will be right.
and as the past has shown several times that the price of bitcoin tends to rise and have a new ATH and then fall 30% or more people will expect it to fall below $60,000 to buy
October 31, 2021, 01:49:04 PM
Actually, I think that Bitcoin will become less volatile within time. It also can be connected with ETF launch. Gold had been also very volatile before ETF was released, but now it is quite stable compared to crypto market and even stocks. What is more, Bitconi is being adopted more and more, and I think that it also will make Bitcoin more stable.
It might come to happen but when it's already too high and there's lesser much of the FUD by that time. The bad news/FUD are the ones that makes the market suffer and shows off how volatile it is. We have no problems when it goes higher and higher because we're all happy with that and it's making everyone not wanting to sell because we want to see the better of it and of a higher price. And when it becomes stable, this is the time that many will use it as is, as what satoshi has made it on its purpose. 
October 31, 2021, 01:41:41 PM
I agree with you, because this is not just a guess-it is information that has been confirmed by many experts and actually makes sense. But it seems to me that the biggest issue is precisely the time frame. And no one can say exactly when this is going to happen and what potential will meet our expectations 100%. And yet in theory it is possible to imagine such a situation - that bitcoin at some very unexpected moment, right on the peak can lose its value and collapse sharply at the very moment when people will be celebrating their profits. I do not fully believe and understand such independence of bitcoin and I think that in time it may present not only pleasant surprises.
It is quite logical: the higher the price of bitcoin rises, the less there will be those who want to buy it at a high price precisely because of its high volatility and a relatively low growth rate. With a rise in the price of bitcoin by one hundred or two hundred thousand dollars, there will already be much fewer people who want to buy whole bitcoins or even half of it. For people with an average income, we can only talk about buying a certain amount of satosh. However, they will no longer provide sufficient profit, since Bitcoin is unlikely to increase in price significantly.On the other hand, if the price of bitcoin periodically falls, even if with each such wave it does not reach the previous level, with its high price, the risk of losing large invested funds will also increase. That is, over time, the financial laws of our physical world will work more intensively. It is in this connection that the price of things of our objective reality, even in a single copy, is never too exorbitant.
We do not know how high the price of bitcoin can rise. However, we know that we live in the physical world, where a high price means either the investment of a large amount of labor, or special labor to create single items.
October 31, 2021, 12:37:01 PM
You know.... people said the same thing when the price was $300 ..... then again at $1000 and so on and so on.... I was one of the lucky people who discovered Bitcoin at +/- $300+ and since then I made more than 800% profit on my coins.
It takes a few years for these things to happen.... so do not think short term with these Bitcoin investments. The sad things is, Bitcoin is not a commodity.... but rather an alternative currency... so the hoarding of coins are actually harming Bitcoin's future.
It takes a few years for these things to happen.... so do not think short term with these Bitcoin investments. The sad things is, Bitcoin is not a commodity.... but rather an alternative currency... so the hoarding of coins are actually harming Bitcoin's future.
October 31, 2021, 12:08:23 PM
If bitcoin grows higher definitely,miners would improvise and developers in charge of the block chain will also adjust and maybe create more apk files to back up block chain and change the privacy settings to make it more secured.
Frauders will increase just like what they do on daily basis so as to be able to cope on their fraudulent and the whole system will be more tough .
Maybe by then,bitcoin will be very difficult to get
Frauders will increase just like what they do on daily basis so as to be able to cope on their fraudulent and the whole system will be more tough .
Maybe by then,bitcoin will be very difficult to get
October 31, 2021, 11:24:47 AM
Based on what I have understood about this is when the price of BTC goes high, there would be a.lot of people who will get afraid of buying bitcoin because of the higher risk they may encounter upon buying it, well it doesnt matter because you dont need to buy a 1 BTC or $100k if bitcoin reaches that amount in the future, you can still buy small amount based on your busget.
It's not necessarily being afraid to buy, that's one reason indeed, however, it's more like the analogy of risk/reward. Supposing someone wants to invest $1000 in Bitcoin, the amount he'll receive will be a tiny fraction of it. Let's assume now that after 2-3 months, an increase of 10% occurs, in the best case scenario, our investment is now worth $1100, which isn't an insane amount.What OP wants to point out is that for some, it could be more beneficial and practical, to invest in another coin, unless you're planning to buy long-term, and focus on obtaining more BTC.
October 30, 2021, 10:44:03 PM
If btc goes to 100k it will "only" have (more or less) doubled from its ATH.
From there it will need to rise another 100k in order to double again. I don't say this is not a good investment, but first of all crypto owners are spoiled, until up to now we were used to 10-fold, 20-fold + increases, so doubling the money has not been really special.
But this smaller reward ratio is paired with a much bigger risk ratio, since btc's swings in a correction period will also get bigger.
For hodlers who are in from the very beginning, it won't matter much probably, but where will btc find new buyers when it has reached 100k and needs to go up another 100k in order to double again in price?
And the fear of FOMO will also become smaller, as people will at one point accept, that the train has left the station.
Of course, should btc show convincing signs that it could reach 1 Million very quickly, then the whole picture changes.
Actually, I think that Bitcoin will become less volatile within time. It also can be connected with ETF launch. Gold had been also very volatile before ETF was released, but now it is quite stable compared to crypto market and even stocks. What is more, Bitconi is being adopted more and more, and I think that it also will make Bitcoin more stable. From there it will need to rise another 100k in order to double again. I don't say this is not a good investment, but first of all crypto owners are spoiled, until up to now we were used to 10-fold, 20-fold + increases, so doubling the money has not been really special.
But this smaller reward ratio is paired with a much bigger risk ratio, since btc's swings in a correction period will also get bigger.
For hodlers who are in from the very beginning, it won't matter much probably, but where will btc find new buyers when it has reached 100k and needs to go up another 100k in order to double again in price?
And the fear of FOMO will also become smaller, as people will at one point accept, that the train has left the station.
Of course, should btc show convincing signs that it could reach 1 Million very quickly, then the whole picture changes.
October 30, 2021, 02:17:25 AM
100% agree - I would add only two words: CETERIS PARIBUS.
The risk/reward ratio increases with the bitcoin price increase if the bitcoin adoption rate will remain the same (and in the very short time frame - days, weeks, months - it is so). But in the longer time horizon (years) it is not so. For example, if we compare the price level 10 000 usd at he end of 2017 and exactly the same price level in September 2020 - the last one had much lower risk/reward ratio because bitcoin was just much more valuable asset in 2020 than in 2017.
But, in contrast, if we look at for example the almost 50% BTC price rise during the last month, it is sure that the quality of BTC has not increased in comparable space at the same time period - and now we can indeed conclude that the risk/reward ratio has increased about 50% as well. And the BTC selling is now potentially much more profitable than a month ago. And the BTC buying is now potentially much less profitable than a month ago.
(I quess, the words "quality", "value" and "adoption rate" have quite similar meaning in bitcoin context).
The risk/reward ratio increases with the bitcoin price increase if the bitcoin adoption rate will remain the same (and in the very short time frame - days, weeks, months - it is so). But in the longer time horizon (years) it is not so. For example, if we compare the price level 10 000 usd at he end of 2017 and exactly the same price level in September 2020 - the last one had much lower risk/reward ratio because bitcoin was just much more valuable asset in 2020 than in 2017.
But, in contrast, if we look at for example the almost 50% BTC price rise during the last month, it is sure that the quality of BTC has not increased in comparable space at the same time period - and now we can indeed conclude that the risk/reward ratio has increased about 50% as well. And the BTC selling is now potentially much more profitable than a month ago. And the BTC buying is now potentially much less profitable than a month ago.
(I quess, the words "quality", "value" and "adoption rate" have quite similar meaning in bitcoin context).
May 12, 2021, 02:15:30 PM
If bitcoin price is $100k today investors are already on the ground for it, I know when the price was around $10k some people might be wondering if people will still invest if the price reaches $50k but are people not still investing, this should not be an issue to ponder upon, I am looking forward to $1 million for a coin.
May 12, 2021, 06:26:46 AM
Maybe what you mean is that as the price increases in the future, the exponential growth will slow down, which is true. However, what makes the argument is that bitcoin is going to be scarce as well, that's why it is the most sought asset in crypto because of this one. Yes, the growth might stall, but with more people looking to buy at whatever price it is, I doubt that there are less buyers that are going to enter, on the contrary it might balloon as everyone is looking to make bigger profits in the future.
I am also thinking about this issue. The higher the Bitcoin price, the fewer participants will be. Because investing in Bitcoin has many unpredictable risks. Once there is a risk, you will lose nothing. So no one wants to lose money. That is why they rarely buy. This in turn led to another result. When few people join, the rewards from Bitcoin and campaigns will be very high. That's what I'm expecting. 
May 11, 2021, 04:15:19 PM
If btc goes to 100k it will "only" have (more or less) doubled from its ATH.
From there it will need to rise another 100k in order to double again. I don't say this is not a good investment, but first of all crypto owners are spoiled, until up to now we were used to 10-fold, 20-fold + increases, so doubling the money has not been really special.
But this smaller reward ratio is paired with a much bigger risk ratio, since btc's swings in a correction period will also get bigger.
For hodlers who are in from the very beginning, it won't matter much probably, but where will btc find new buyers when it has reached 100k and needs to go up another 100k in order to double again in price?
And the fear of FOMO will also become smaller, as people will at one point accept, that the train has left the station.
Of course, should btc show convincing signs that it could reach 1 Million very quickly, then the whole picture changes.
From there it will need to rise another 100k in order to double again. I don't say this is not a good investment, but first of all crypto owners are spoiled, until up to now we were used to 10-fold, 20-fold + increases, so doubling the money has not been really special.
But this smaller reward ratio is paired with a much bigger risk ratio, since btc's swings in a correction period will also get bigger.
For hodlers who are in from the very beginning, it won't matter much probably, but where will btc find new buyers when it has reached 100k and needs to go up another 100k in order to double again in price?
And the fear of FOMO will also become smaller, as people will at one point accept, that the train has left the station.
Of course, should btc show convincing signs that it could reach 1 Million very quickly, then the whole picture changes.
When Bitcoin reaches 100M, then it will mark a turning point in the economic world. And markets will look at Bitcoin differently.
Even if you have to pay 20~30% in taxes, we are talking about you have 700~800k dollars to spend for each 1BTC. I believe that there will easily be people with a reserve of tens, if not hundreds, of Bitcoins. If the coin is worth 100M, a person who has 100 Bitcoins can buy half an Apple.
Valuing more will not reduce the number of people who want to buy, on the contrary, it will attract more people. Given the ease of acquiring Bitcoin, more people will buy sats. So, even with periods of lower growth, Bitcoin is already at a point, which is unlikely to go down dramatically, it can only slow its rise.
Long before my friend, long before a 100M price for Bitcoin would mark a turning point. Even at 0.5M or 1M only for Bitcoin would case immense change to the world. The money has to come from somewhere. People will start liquidating other assets putting pressure on the respective markets while strengthening the digital world even further.
May 11, 2021, 02:40:53 PM
If btc goes to 100k it will "only" have (more or less) doubled from its ATH.
From there it will need to rise another 100k in order to double again. I don't say this is not a good investment, but first of all crypto owners are spoiled, until up to now we were used to 10-fold, 20-fold + increases, so doubling the money has not been really special.
But this smaller reward ratio is paired with a much bigger risk ratio, since btc's swings in a correction period will also get bigger.
For hodlers who are in from the very beginning, it won't matter much probably, but where will btc find new buyers when it has reached 100k and needs to go up another 100k in order to double again in price?
And the fear of FOMO will also become smaller, as people will at one point accept, that the train has left the station.
Of course, should btc show convincing signs that it could reach 1 Million very quickly, then the whole picture changes.
From there it will need to rise another 100k in order to double again. I don't say this is not a good investment, but first of all crypto owners are spoiled, until up to now we were used to 10-fold, 20-fold + increases, so doubling the money has not been really special.
But this smaller reward ratio is paired with a much bigger risk ratio, since btc's swings in a correction period will also get bigger.
For hodlers who are in from the very beginning, it won't matter much probably, but where will btc find new buyers when it has reached 100k and needs to go up another 100k in order to double again in price?
And the fear of FOMO will also become smaller, as people will at one point accept, that the train has left the station.
Of course, should btc show convincing signs that it could reach 1 Million very quickly, then the whole picture changes.
When Bitcoin reaches 100M, then it will mark a turning point in the economic world. And markets will look at Bitcoin differently.
Even if you have to pay 20~30% in taxes, we are talking about you have 700~800k dollars to spend for each 1BTC. I believe that there will easily be people with a reserve of tens, if not hundreds, of Bitcoins. If the coin is worth 100M, a person who has 100 Bitcoins can buy half an Apple.
Valuing more will not reduce the number of people who want to buy, on the contrary, it will attract more people. Given the ease of acquiring Bitcoin, more people will buy sats. So, even with periods of lower growth, Bitcoin is already at a point, which is unlikely to go down dramatically, it can only slow its rise.
May 11, 2021, 02:19:37 PM
If btc goes to 100k it will "only" have (more or less) doubled from its ATH.
From there it will need to rise another 100k in order to double again. I don't say this is not a good investment, but first of all crypto owners are spoiled, until up to now we were used to 10-fold, 20-fold + increases, so doubling the money has not been really special.
But this smaller reward ratio is paired with a much bigger risk ratio, since btc's swings in a correction period will also get bigger.
For hodlers who are in from the very beginning, it won't matter much probably, but where will btc find new buyers when it has reached 100k and needs to go up another 100k in order to double again in price?
And the fear of FOMO will also become smaller, as people will at one point accept, that the train has left the station.
Of course, should btc show convincing signs that it could reach 1 Million very quickly, then the whole picture changes.
From there it will need to rise another 100k in order to double again. I don't say this is not a good investment, but first of all crypto owners are spoiled, until up to now we were used to 10-fold, 20-fold + increases, so doubling the money has not been really special.
But this smaller reward ratio is paired with a much bigger risk ratio, since btc's swings in a correction period will also get bigger.
For hodlers who are in from the very beginning, it won't matter much probably, but where will btc find new buyers when it has reached 100k and needs to go up another 100k in order to double again in price?
And the fear of FOMO will also become smaller, as people will at one point accept, that the train has left the station.
Of course, should btc show convincing signs that it could reach 1 Million very quickly, then the whole picture changes.
It's a very valid point and all this investment money pouring in might eventually wake up to this fact - the smart money will start chasing other coins which can grow hundreds of percent in very short timescales (like Dogecoin showed us). For Bitcoin to reach a value of $1,000,000 actually seems a bit ridiculous when you consider it doesn't produce anything, costs huge amounts of energy to create and the transaction fees tend to scale up along with the price. At that price it would have a market capitalization of $21 trillion, the is the same amount as the whole US government owes in debt and even the New York Stock Exchange (the largest in the USA) is altogether worth roughly $26 trillion. Maybe this realization will slowly deflate the Bitcoin bubble, but I have a feeling a lot of average consumers who are still clueless about the cryptocurrency space will always gravitate towards the most well known "brand".
May 11, 2021, 02:05:26 PM
If btc goes to 100k it will "only" have (more or less) doubled from its ATH.
From there it will need to rise another 100k in order to double again. I don't say this is not a good investment, but first of all crypto owners are spoiled, until up to now we were used to 10-fold, 20-fold + increases, so doubling the money has not been really special.
But this smaller reward ratio is paired with a much bigger risk ratio, since btc's swings in a correction period will also get bigger.
For hodlers who are in from the very beginning, it won't matter much probably, but where will btc find new buyers when it has reached 100k and needs to go up another 100k in order to double again in price?
And the fear of FOMO will also become smaller, as people will at one point accept, that the train has left the station.
Of course, should btc show convincing signs that it could reach 1 Million very quickly, then the whole picture changes.
From there it will need to rise another 100k in order to double again. I don't say this is not a good investment, but first of all crypto owners are spoiled, until up to now we were used to 10-fold, 20-fold + increases, so doubling the money has not been really special.
But this smaller reward ratio is paired with a much bigger risk ratio, since btc's swings in a correction period will also get bigger.
For hodlers who are in from the very beginning, it won't matter much probably, but where will btc find new buyers when it has reached 100k and needs to go up another 100k in order to double again in price?
And the fear of FOMO will also become smaller, as people will at one point accept, that the train has left the station.
Of course, should btc show convincing signs that it could reach 1 Million very quickly, then the whole picture changes.
indeed we cannot predict the price of bitcoin 10 years from now, whether the price of bitcoin at that time will reach $ 200k or bitcoin will be lost forever.
at this time we can only think about the price of bitcoin in the future, but we think that the price of bitcoin will be more expensive in the future because we see a lot of transactions happening in the crypto market so we conclude that the price of bitcoin can continue to rise from year to year.
those who buy bitcoin at the price of $ 56k because they think that the price of bitcoin will continue to rise from year to year as has happened before.
if the price of bitcoin reaches $ 100k then there will be less beginners to buy bitcoin because the price of bitcoin is already very expensive, they think that to get a very large profit is very difficult because from the price of bitcoin $ 100k to $ 200k it might be very difficult and if it can reach $ 200k it will take a very long time.
May 11, 2021, 01:41:06 PM
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May 11, 2021, 01:34:34 PM
If btc goes to 100k it will "only" have (more or less) doubled from its ATH.
From there it will need to rise another 100k in order to double again. I don't say this is not a good investment, but first of all crypto owners are spoiled, until up to now we were used to 10-fold, 20-fold + increases, so doubling the money has not been really special.
But this smaller reward ratio is paired with a much bigger risk ratio, since btc's swings in a correction period will also get bigger.
For hodlers who are in from the very beginning, it won't matter much probably, but where will btc find new buyers when it has reached 100k and needs to go up another 100k in order to double again in price?
And the fear of FOMO will also become smaller, as people will at one point accept, that the train has left the station.
Of course, should btc show convincing signs that it could reach 1 Million very quickly, then the whole picture changes.
Yes, these are good questions, which I have thought about many times. I also believe that as the price of bitcoin rises, it will become more difficult to find new investors at the higher price. If Bitcoin reaches a price of one hundred thousand dollars or more, the risk of its price fall and its price volatility will also increase significantly.From there it will need to rise another 100k in order to double again. I don't say this is not a good investment, but first of all crypto owners are spoiled, until up to now we were used to 10-fold, 20-fold + increases, so doubling the money has not been really special.
But this smaller reward ratio is paired with a much bigger risk ratio, since btc's swings in a correction period will also get bigger.
For hodlers who are in from the very beginning, it won't matter much probably, but where will btc find new buyers when it has reached 100k and needs to go up another 100k in order to double again in price?
And the fear of FOMO will also become smaller, as people will at one point accept, that the train has left the station.
Of course, should btc show convincing signs that it could reach 1 Million very quickly, then the whole picture changes.
It seems to me that investing in potential altcoins with a lower price will then already be much more profitable. Well, maybe soon we will see how it will be in practice.
May 11, 2021, 01:13:27 PM
If btc goes to 100k it will "only" have (more or less) doubled from its ATH.
From there it will need to rise another 100k in order to double again. I don't say this is not a good investment, but first of all crypto owners are spoiled, until up to now we were used to 10-fold, 20-fold + increases, so doubling the money has not been really special.
But this smaller reward ratio is paired with a much bigger risk ratio, since btc's swings in a correction period will also get bigger.
For hodlers who are in from the very beginning, it won't matter much probably, but where will btc find new buyers when it has reached 100k and needs to go up another 100k in order to double again in price?
And the fear of FOMO will also become smaller, as people will at one point accept, that the train has left the station.
Of course, should btc show convincing signs that it could reach 1 Million very quickly, then the whole picture changes.
Yes, these are good questions, which I have thought about many times. I also believe that as the price of bitcoin rises, it will become more difficult to find new investors at the higher price. If Bitcoin reaches a price of one hundred thousand dollars or more, the risk of its price fall and its price volatility will also increase significantly.From there it will need to rise another 100k in order to double again. I don't say this is not a good investment, but first of all crypto owners are spoiled, until up to now we were used to 10-fold, 20-fold + increases, so doubling the money has not been really special.
But this smaller reward ratio is paired with a much bigger risk ratio, since btc's swings in a correction period will also get bigger.
For hodlers who are in from the very beginning, it won't matter much probably, but where will btc find new buyers when it has reached 100k and needs to go up another 100k in order to double again in price?
And the fear of FOMO will also become smaller, as people will at one point accept, that the train has left the station.
Of course, should btc show convincing signs that it could reach 1 Million very quickly, then the whole picture changes.
It seems to me that investing in potential altcoins with a lower price will then already be much more profitable. Well, maybe soon we will see how it will be in practice.
May 11, 2021, 07:39:06 AM
Of course it would be slower when we are already at a high price and almost everyone is already on board.
But that doesn't mean that we wouldn't see it go higher we only have limited supply so the potential growth would continue.
Not everyone is on board yet, there are still a lot of people around the world that doesn't know about it, I would say that we are still on the point where it is getting introduced in the mainstream and it is doing well. But that doesn't mean that we wouldn't see it go higher we only have limited supply so the potential growth would continue.
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