The HODL to 100K movement - page 5. | Bitcointalksearch.org

Kong Hey Pakboy

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Quote from: nullama on October 08, 2021, 08:20:45 AM

I don't see the point in buying fiat with Bitcoin.

Paying for something, sure, but just converting Bitcoin to fiat to keep the fiat?, makes no sense to me.

Well, a man's got to eat and no matter how much you love bitcoin if you can't use it for daily transaction, it's going to be useless. Now if it was that way, then probably there's a chance that it's stupid to convert back to fiat but no, we aren't there yet so you don't get to say how people do things.

goldkingcoiner

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Another thread full of people who don't realise BTC is the new money. HODL for 100k? More like HODL for LIFE! Anyone who does not understand this does not understand bitcoins true potential or that the future is bitcoin. Fiat is dying. Why why why would you trade your money for monopoly money?

That just does not make any sense to me.... Roll Eyes

kryptqnick

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Quote from: AsiaHODL on October 07, 2021, 04:41:16 AM

Anyone have views on this movement that seems to be gathering pace last few days?

The basic concept I believe is that if we all act in unity, and collectively pledge to Hodl, then with continued demand (and far lower liquidity due to everyone hodling) the price will move in a sustained upwards direction. The "game theory" being who breaks the pledge first as they "selfishly" trade. So you take the pledge and spread the word to others.

Personally I like the idea and "get it". I'm a hodler and will do my part. But the "traders" seem almost offended at such a proposal.

Personally, I think a lot of traders kid themselves about being able to profitably trade. The only guaranteed winner on trades is of course the exchange, which over time sucks money out of the crypto ecosystem, much like a rake on a poker table.

I would post the image that can be circulated if you take the hodl 100 pledge but no idea how to post pix here. Huh

$100k seems a very realistic prospect for the end of 2022, and I'm sure many people are interested in hodling till this symbolic target price. That being said, I don't like the idea of uniting and hodling till $100k because then comes the natural question: what next? And if the goal is to hodl till $100k, they'll most likely sell everything once the price gets there, and this will be very damaging for the price as well as for Bitcoin's reputation among investors. Everyone should have a target price or at least a target purchasing power because otherwise Bitcoin's just numbers on the screen. But if many people set the same target price, it'll have negative consequences for those who are left.

marine4u

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Quote from: AsiaHODL on October 07, 2021, 04:41:16 AM

The basic concept I believe is that if we all act in unity, and collectively pledge to Hodl, then with continued demand (and far lower liquidity due to everyone hodling) the price will move in a sustained upwards direction. The "game theory" being who breaks the pledge first as they "selfishly" trade. So you take the pledge and spread the word to others.

Hold is not a game changer to $100k by nature, I doubt larger technical moves like Taproot or peripherals like ETFs, Fed reports on how bitcoin and crypto could fall The risk depends on the USD. A lot more comes from building plans for market makers. HOLD is just a momentum that comes from belief in the weight of bitcoin in this historical cycle. Anything can move along the tunnel to reach 100k $

The way bitcoin reflects is representing the right direction of cryptocurrency for future demand.

nullama

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I don't see the point in buying fiat with Bitcoin.

Paying for something, sure, but just converting Bitcoin to fiat to keep the fiat?, makes no sense to me.

ChiBitCTy

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Why not have the hodl for life pledge? I don't really understand why so many people are waiting for bitcoin to hit 100k, but then what? Do you plan on completely cashing out once bitcoin hits 100k? Personally I plan to continue to accumulate bitcoin and sell here and there as needed, or use it as payment here and there as needed, but I have no plans to ever sell the stack.

DaveF

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Sell now, buy more when it dips and then sell at another high point. If you see BTC as an investment / way to make money then that is what you should be doing.

If you see it as something else, like a gateway to economic freedom for people or a way for people not to worry about central banks or other things then you should be holding some and spending some to keep BTC in motion.

If you see BTC as something else then you should be doing whatever makes that happen.

But picking an arbitrary number to hold to is a personal goal and that number will probably not work for most people.

-Dave

dothebeats

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Well if they are really dedicated to what they are proposing, let them do it. Though I doubt that they'll gain a lot of followers for the movement, as there will be a huge number of people certainly not prepared mentally to hold until that price, especially if they also need some quick cash for something. While it is a good idea to hold until a certain price point, you simply cannot ask other people to do it whole-heartedly.

While hodling is an acceptable way of keeping your coins, I'm still hoping that sooner or later, we will be actually using bitcoins directly to purchase something.

Kittygalore

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Quote from: Spack17 on October 08, 2021, 06:11:33 AM

HODLing until reaching $100k is one of the reasonable acts I think. There has been another great run in the market now. Bitcoin price seems like capable of reaching a new ATH level even in October. $100k target is not just a dream for this year but it is not easy to achieve also. But sooner or later especially with a bull run, I think that it will come true.

That's subjective, some people out there will find it ridiculous especially when the prices starts going up again and we see another all time high albeit not 100k. You're optimistic but the problem is that you're ignoring the uncertainty of the future, what if along the way, the prices starts going down or there's a news that heavily influenced the market in a negative way.

Dr.Osh

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a pretty effective strategy if we can get other people to promise not to sell, and hold their bitcoins until the $100k arrives. Unfortunately, everyone's condition is always different. there will be times when people will be forced to sell the assets they own, and that is an economic problem.
however, I believe that the price of $100k can be reached in the near future. that is due to the widespread development of bitcoin. however, in this matter of holding back, you can start through yourself first. however, a day trader would also not do that because it would be against their principles. however, I believe, if everyone did that, even the price of bitcoin could be higher than $100k.

arwin100

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Quote from: Spack17 on October 08, 2021, 06:11:33 AM

HODLing until reaching $100k is one of the reasonable acts I think. There has been another great run in the market now. Bitcoin price seems like capable of reaching a new ATH level even in October. $100k target is not just a dream for this year but it is not easy to achieve also. But sooner or later especially with a bull run, I think that it will come true.

For what happen recently it show its capability that it will reach to that figures but we don't know yet on when this time to happen so make sure that if we want to buy right now then do it so that we can will not buy when price is already at top. But if things goes worse and the expectation didn't show up then best to have another money to spend as back up and do buy back when everything fall in bad shape on this year.

bitzizzix

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everyone has different plans and strategies and the goal of targeting 100k doesn't mean they throw away all their holdings when they hit the target, if all owners do such thing then bitcoin price will collapse or drop drastically.
there may be some holders who plan to sell some of their profits to enjoy after reaching the 100k target, and some are still holding on to it, and some are selling all of their possessions.

and the increase in the price of bitcoin to 100 thousand will definitely happen and but don't know for sure when it will happen, and 100 thousand is not the end of everything, it's just that the next achievement target does not mean you have to make a whole sale.

Spack17

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HODLing until reaching $100k is one of the reasonable acts I think. There has been another great run in the market now. Bitcoin price seems like capable of reaching a new ATH level even in October. $100k target is not just a dream for this year but it is not easy to achieve also. But sooner or later especially with a bull run, I think that it will come true.

Ararbermas

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There's a lot of investors expecting bitcoin to reach 100k by the end of year, well it's not a bad views but you know OP there's are some traders who hold for long run as well and they can get more information in the market unlike most investors that they used to buy and hold wherein without any information about the real potential of the growth. That's why i believe traders will become profitable if bitcoin reach that prices or the first that can dump when bitcoin fails to achieve that value..

utc00

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100k is very possible. The awareness is now amazing. The mass adoption of the use cases and cryptocurrency is itself is wonderful. The sky is the limit of Bitcoin and altcoins.

Vaculin

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Winding down.

If we just know that Bitcoin will reach $100k next month, that certainly encourages people to hold but unfortunately, we don't know yet.

You can't urge people to hold unless if you control them all. It was just a proposal but never think that all crypto holders will do what you say.
If you can manage to hold it, then just hold it. Maybe I can do such favor but I'd never promise that it will work according to the plan as we don't know the situation, might I/these people need some money and push them to sell their Bitcoin for no choice.

davis196

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This idea has been proposed many times on the forum and it's impossible to be implemented in reality.
Even if it was theoretically possible to force all Bitcoins users to HODL their Bitcoins,nobody would be able to buy BTC,due to all the sellers HODLing,hence the demand for BTC would collapse,leading to a price collapse.
Buyers can't exist without sellers and sellers can't exist without buyers.This is how every market works.
I don't expect the Bitcoin price to hit 100K USD anytime soon.The current bull run will lead to a price crash,that might happen sooner than we think.

GamblersArea

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Eventually it's more than possible. But if you're holding Bitcoin you shouldn't be too concerned with movements like this. If you're in, you're in. Movement or not Bitcoin will do its own thing.

AsiaHODL

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Quote from: pooya87 on October 08, 2021, 12:44:44 AM

Quote from: AsiaHODL on October 08, 2021, 12:32:49 AM

HODL to 100K

Why $100k though? And while we're at it what's the plan after $100k?

You see the whole idea is flawed. Bitcoin is not meant to only be held until it reaches an arbitrary number then dump it all to become rich. Bitcoin is a currency that will only grow and reach that arbitrary number if it is used as a currency. In which case our minimum target is $1 million not the pathetically low $100k Wink

It is true that in short term the greedy profit takers move the market (which is why we see bubbles like 2017) but the long term sustainable growth is for when the main bitcoin utility (a medium of exchange which makes it a store of value also) derives the price.

Here is another "campaign" to run. How about "accumulate until mass adoption"?

I think the aim is to simply get to "break through" 100K barrier, setting a new high, and a new eventual baseline. I would suspect as we approach 100 there would be a bit of vol between 93K-102K, possibly even a sharper blow-off sell off, before eventfully blasting decisively through...

So, one step at a time. Yes, 100 is simply another milestone on the journey to 1m. But breaking a big journey into achievable chunks is a well-known method of making a large endeavour seem achievable.

pooya87

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Quote from: AsiaHODL on October 08, 2021, 12:32:49 AM

HODL to 100K

Why $100k though? And while we're at it what's the plan after $100k?

You see the whole idea is flawed. Bitcoin is not meant to only be held until it reaches an arbitrary number then dump it all to become rich. Bitcoin is a currency that will only grow and reach that arbitrary number if it is used as a currency. In which case our minimum target is $1 million not the pathetically low $100k Wink

It is true that in short term the greedy profit takers move the market (which is why we see bubbles like 2017) but the long term sustainable growth is for when the main bitcoin utility (a medium of exchange which makes it a store of value also) derives the price.

Here is another "campaign" to run. How about "accumulate until mass adoption"?

Topic: The HODL to 100K movement - page 5. (Read 841 times)