Topic: The HODL to 100K movement - page 2. (Read 844 times)

not everyone can hold bitcoin with the suggested movement right, everyone has a need, if the need is urgent I personally sell my crypto assets, because my goal in buying crypto is to save and if I get a profit it is a plus to save money in crypto

but I will encourage friends who still hold bitcoin up to 100k $

I think some are missing the point of the HODL@100 movement.

Yes, obviously BTC will eventually reach 100, and well beyond, over time.

However, its in the interests of all who have current allocations to BTC to get to 100 sooner, rather than later (expect of course if we are planning to stack sats over time on the way up).

No one is saying we immediately sell @ 100, And indeed for many of those "taking gains", there will be a whole bunch of new investors who move in around all the "Price 100K" media publicity (and broadening investor base is always good).

The aim really is to get to 100K fast, and maintain this, not just as a new ATH, but an eventual base support level. Its a bit like the 4 minute mile. Seemed almost impossible, and suddenly once it gets accomplished it becomes the norm. I am sure as we approach 100 we will get a bit of volatility as some try to front run a perceived sell off prior to 100. So, we will probably see a but of jumpiness around 93-97 ish range, and a few 99.8 type "almost hit" spikes, before an eventual blast through to 103ish. The point is to get the ATH, and then to eventually accumulate around it.

Why 100? There is not necessarily a mathematical reason for this, at least in the short term, but its really a round number phenomenon that the human mind (and main stream media) can easily connect with.  Eventually we will need to convert over to price of Sats as opposed to BTC, but that's another issue.

As for those who don't understand how a collective hodl can help accomplish 100K faster, and those who ask "but if no trading is done how can the price go up", it never ceases to amaze me how many supposedly smart people still get confused on basic economic concepts. Again, if supply is reduced, and demand remains the same (or increases), price will rise. Very very simple. And indeed, one reason why the "amount on exchanges vs in cold storage" is a metric many look at in determining future price.

Despite what we like to think, the evidence confirms that most "traders" over time, will lose money. If you think you can reliably make money "trading", whether FX or crypto, you are almost certainly kidding yourself (perhaps 1-2% of all people are the exception).

So, I am a strong supporter of HODL@100. Simply HODL, and make it clear to all  - "I WILL NOT SELL UNTIL 100K". United we HODL and the more united we are, the faster we see 100K per coin.

This process can no longer be stopped, and here even the point is not to force someone to hold their bitcoins. Bitcoin is already rotating at the state level, and this is probably the highest level in which the price of 100k is only a matter of time. Personally, I would consider holding to the 200-300k price, because the 100k target can be reached very quickly.

Even if we are able to get thousands of people to hold their bitcoin until it reached the 100k we will still not be able to do it preemptively, not that bitcoin is not able to reach that point by normal standards but because the bitcoin network is far more bigger and decentralized than we can control, thousands of trades are going on in the market with billions of dollars going in and out, it has become a mutli billions dollar market that is far from being controlled by a movement, and that is a good thing.

What about this? Unity to HODL? then what will be the value of Bitcoin if w will not circulate this?

at least you Knew that Bitcoin must be circulated to asses the value.


Lol who will demand if you let no to circulate? people will convert to Altcoin and then what will be the value of Bitcoin if users changed from this to altcoins>

I alsp Hold but i also Use this for paying some transctions, this helps currency to have value.

the prediction that early Q4, bitcoin will start moving away from the crucial figure at $55K does seem to be true. as you said that the market capitalization is also very high and indicates that bitcoin will indeed lead to continue to increase.

if you look at the https://www.bybt.com site, it can be seen that there was the last ATH in 2013 and 2017, where one was in November and the other was in December. so the possibility could be earlier in november or delayed in december there will be another renewable ATH. we just have to wait for this wait because of course it won't be long.

if the value of the price will probably be $100K, or maybe more. we will see at the end of october where the bitcoin price has been reached. after that the possibility will can be concluded.

Why you are so confident? Although Bitcoin price looks good with a higher transaction volume every day, doesn't mean to continue till the next months. Are you not worried about sudden bad news in Bitcoin? Be careful on the sudden bad news, it can influence the Bitcoin price immediately. In my opinion, $100k is very speculative, maybe not achieved this year. Don't forget that December is only two months left, it is a rather short time for Bitcoin to reach $100k.

After getting new ATH last April I'm optimistic there will be new ATH again this year, moreover the transaction volume in October continues to increase because many companies have announced developing bitcoin so that more and more active users, this will have an impact on prices that continue to increase so that the price is $100 We can achieve this this year, maybe before December.

$100k level is actually not impossible to achieve, but it may take some time to finally see this price. We need more good news from the market and tangible use cases. We should not rely for possible pump owed to some whales or manipulation because it is not a sustainable approach. Better do your own thing and if you truly believe on this market, you will always find a way how to accumulate more. But you can't dictate others to follow your action because we have our own priorities. Just take care of your portfolio because no one else will.

We do have our own predictions which its normal that have those presumptions to those people who had predicted about 50-60k wasnt really that realistic on where most people been claiming but hey look at where we now?
As an investor then its our decision on what are the things we do believe on and not to listen on others but somehow it should be somewhat realistic because there are guesses and presumptions or prediction of price
which goes up to 1M per coin which is way too very optimistic and unrealistic.Everyone could be a HODLER but it wont really be easy as it sounds considering that there would be lots of factors affecting your goal.

Predicting or hoping for the price of $100k is no problem, just makes it for our own target. But don't suggest someone hold or never sell because of our prediction!! Yep, there is no exact time when Bitcoin to reach $100k. Even we don't know if it can be achieved or not. Well, I am trying to make us be safe, don't do something that people can blame us. Always remember that holding Bitcoin is a high risk and no guarantee that the Bitcoin price always rises. Be wise!!   

Maybe you're right but could you think that you can assure everything will go like that and still be able to hold? I don't think so and it was because of the volatility of the market makes people can't hold. And I'm sure that nobody had bought Bitcoin 10 years ago and hold it until now, that might prove to me that I was wrong.

Because the reality is that people will take every opportunity to make a profit and make a sell when they saw it. Like if the price of Bitcoin will reach $100k they sell their Bitcoin and then reinvest it again. Nothing has been said to hold straight due to the fact that the market is moving up and down which buy low and sell high applies.

No doubt that strategy “to hodl BTC” is one of the simplest strategies that in any case guaranties profit. So, you decided to hodl your BTC up till 100K and then what? Withdraw everything? But haven’t you thought that after 100K ATH Bitcoin (in some period of time) will make another one ATH (for instance, 150K, or 200K, or 500K)? And you’ve already withdraw everything and spent on your needs. By the way it’s really very hard just to hodl and wait for many years till some happy moment. A lot of investors-hodlers once start trading on BTC fluctuations to double their amount of crypto coins.

But what's wrong with finding it magical? When it wasn't $100, that was the dream for early adopters (or even $1). And $10,000 when I saw it, in the crypto chat I was in, everyone was celebrating. It's okay, so what, celebrating it doesn't mean stopping there. I know we all dream of 1 million dollars, but we want it to grow even more

I freely admit it if I had 1 BTC and it was $1 million. I sell. For sure. Buy my land, house, everything I need for the future until I die. And keep BTC only enough as savings.

this year is a long way to reach $100k. the current bitcoin trend alone has made altcoins go down very fast. if bitcoin continues to make a strong dominance, then the altcoin market could crash.
I saw some analysis that said bitcoin would hit $60k-$65k for the year. The bitcoin market trend is very good. but altcoins can't keep up.

What I don't understand is what's so magical about $100k. Sure, it's a nice round number, and there will be a lot of orders at that number. But why stop there?

Bitcoin is better than any fiat currency, and if it crosses the $100k price, then it just confirms that even more.

That means that your Bitcoins have a better purchasing power over time.

The same principles that will make Bitcoin pass the $100k price will continue to apply, so why would you sell it for fiat?

@OP even if we don't hodl, institutions are holding and BTC supply on exchanges is drying up very quickly which will give an extreme supply shock and another moonshot may be witnessed. Believe me, BTC is not going anywhere but up because I briefly studied the charts and they are clearly telling that BTC's trend has been set and waiting for some more accumulation and maybe a possible final correction before those big candles can be painted.

Well, you are right And we don't know what will happen to the price. Since it is predictable no one knows exactly the price in the future. Though I believe that bitcoin will still reach $100k but I think not now. Perhaps in the next halving of bitcoin, there is a massive increase in the price but also we still don't know when it will happen, there is no right time frame. Crypto holders anticipated about the $100k price in the market which I think it is impossible to achieve this year, it could be reach another year but not now.

Almost? Do you think we are almost reaching $100k?
The current price is around $57 and it is still far from $100k. We also don't know what's happening in the next few weeks/months, there is no guarantee that the price of Bitcoin always increases. How if the Bitcoin price is starting to drop constantly next month? It is also possible, not only increasing that may happen in the near future. Keep holding and never selling it, depends on what the target that the holder wants. So, before you suggest him to "never sell", you are better to know what's the target on his Bitcoin.

What you're thinking right now is impossible; nonetheless, we can do it; but, keep in mind that there will be some who will be tempted to cash out before everyone else. People who want to profit from bitcoin will undoubtedly sell their assets because it is the most sensible thing to do. And, most of the time, people are in need of cash, so they will sell the coins rather than keep them. There's nothing we can do about it; it's already a cycle in many markets, and people have different characteristics, so it's really impossible to hold till we accomplish the peak.