The HODL to 100K movement - page 6. | Bitcointalksearch.org

AsiaHODL

jr. member

Activity: 77

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Re "and it is impossible if everyone holds then the value will not grow totally , the evaluation of the price happens because of circulation
that shows how strong and valuable the market is."

False logic here.

First, and in case case, even with no actual Sat's trading, there is a futures a derivatives market that would reflect an untraded market price.

Second, in practice, there would always be some "leakage" of trading that would still take place by non-committed hodlers. One can have price movement based on very low vol. So, if BTC supply (via sellers) is restricted for a period of time, and demand remains constant, price WILL increase. (This is the entire concept of the so called "halvening driven cycle".

HODL100 to the max!

traderethereum

hero member

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Yes, the exchange is the winner to take the money but many traders who can use the moment to trade will also make money from the crypto.
You can still hold your bitcoin to $100k and then sell it at once and not return to the crypto if the big bear run is not coming and that will not be a problem.
But to go $100k still need time and we do not know when that will happen so we can only hope and enjoy the process of bitcoin movements.
Hopefully, that will change in the rest of this year, so we will make a big profit before the end of the year.

DapanasFruit

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At least this kind of movement can be helping Bitcoin at the moment. The idea of HODLing is nothing new and it has been here since I can remember...I think it has the same weight as "Buy The Dip" or something like that. This movement is actually just a suggestion as there is no formal organization behind it that you must be a member of. And it all depends on how the market will be reacting. Anyway, we know that with Bitcoin there are many HODLers and they are still holding on up to now all because we are anticipating that soon it will be making a good jump or a steady climb towards the main goal which is $100K at least before 2021 ends or if not then in 2022.

kotajikikox

full member

Activity: 2590

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Quote from: AsiaHODL on October 07, 2021, 05:01:50 AM

https://ibb.co/LxZBfP7

I give up. Any tech savvy person know how to post the image? If so, please help a luddite!

Seriously being bothered not having chance to post that image in which nothing different from those posts we are seeing here
that bullish for Bitcoin? lol sounds very serious Grin

Quote from: XCANA on October 07, 2021, 05:40:56 PM

If everyone should keep holding how then will crypto currency exchange will make their own money since they out to make profit the way you want to make profit from holding on the exchange. $100k may not happen soon the way people want it to happen within this year but base on what people are saying we may likely see Bitcoin market price reaching $100k in time to come and I don't think no one when it will happen.

and it is impossible if everyone holds then the value will not grow totally , the evaluation of the price happens because of circulation
that shows how strong and valuable the market is.

without those then expect this market as manipulative totally .

AsiaHODL

jr. member

Activity: 77

Merit: 2

[/quote]

We all wish that we could hold together and pump bitcoin's price upwards but that doesn't happen in a open community.
People who want to take profits do exit and book their profits. Sometimes it's situations where some people have to sell their coins.
So it really becomes more of an individual decision rather than a group strategy to hold bitcoin.
[/quote]

Fully agree, Its really an interesting example of group game theory at play. Lots of lab examples have done these types of trials to see if humans can collectively act for the greater good (win/win for all) as opposed to "selfishly" where some benefit more than others even though at the lesser total benefit to the entire group collectively.

To some extent is the same selfishness that drives the creation of dilutive "alts" aka shit coins...

AsiaHODL

jr. member

Activity: 77

Merit: 2

Well I took the Hodl 100 pledge a few days back, but its easy for me as I am primarily a hodler anyway.

But even for "traders" I think they largely kid themselves. I have challenged many to benchmark their performance against a pure Hodl. Most give up reporting results and keep deluding themselves. Cheesy

XCANA

full member

Activity: 1470

Merit: 148

If everyone should keep holding how then will crypto currency exchange will make their own money since they out to make profit the way you want to make profit from holding on the exchange. $100k may not happen soon the way people want it to happen within this year but base on what people are saying we may likely see Bitcoin market price reaching $100k in time to come and I don't think no one when it will happen.

sunsilk

hero member

Activity: 3038

Merit: 634

I also like the idea but even before this allegiance has been made, I've already decided to hold until $100k+ happens. I'll sell some by that time but it's not the end game. There will be people who will have the idea of holding until $100k and then they'll have their entire exit.

There's so much more to come for bitcoin if you've been holding it for long. And for the traders, you cannot blame them and they cannot blame holders for having our own thoughts of how we see the effectiveness of each strategies.

AmoreJaz

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Quote from: Rigon on October 07, 2021, 04:58:16 PM

The way BTC started reading tomorrow, it seemed that in a few days, Bitcoin would be within 100k dollar. But when everyone is talking verbally I think I think very soon Bitcoin will take a position at k 100k. A more special reason is that different countries are now legalizing Bitcoin. Bitcoin transactions have started in developed countries.I hope it will stay at 100k $ soon.

i can say, you have a very optimistic outlook here. 100k in few days??? i don't think so. just looking at reality here. yes, BTC surpassed the 50k level and it seems 60k is on the horizon. but 100k in few days? not being pessimistic but just being realistic. other countries are looking at BTC as legal tender but it will take time for them to finally decide on this matter and it is not within few days. 100k may not be impossible but we need to see the viability of this price so as not to make wrong decisions when it comes to our financial situation.

Rigon

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Activity: 994

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The way BTC started reading tomorrow, it seemed that in a few days, Bitcoin would be within 100k dollar. But when everyone is talking verbally I think I think very soon Bitcoin will take a position at k 100k. A more special reason is that different countries are now legalizing Bitcoin. Bitcoin transactions have started in developed countries.I hope it will stay at 100k $ soon.

hatshepsut93

legendary

Activity: 3038

Merit: 2162

If it was so simple, Bitcoin would have costed $100,000 at its first year. The price fails to reach some arbitrary high levels quickly because a lot of people take profits. People who invested months ago can be satisfied with 30-50% profits and there's nothing wrong with that. People who hodled for a few years could be satisfied with 1000% profits. No one became poor by taking large profits.

adzino

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Lol, you can't get everyone to "HODL". Even if everyone does hold with you and the price goes up, you can anticipate a massive crash coming soon. People were holding till 100k. Once the price has reached that point, most of the people would be selling their bitcoin to take their profits. This will cause a massive dip. So instead of seeing such insane/massive dips, its better the way it is right now - some people holding, some people selling.

NeuroticFish

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Quote from: LFC_Bitcoin on October 07, 2021, 01:20:08 PM

but selling everything at $100,000 is stupid.

I will distort a little bit what you meant and I will focus on what you said Wink

Theoretically one may sell everything at a certain price and, with a ton of luck, buy that back after the correction or - preferably in this case - a crash. Of course, with quite some nice amount of fiat as extra.
Obviously it's a risky move, but if he's in luck and it's a crash, he can indeed make his life better and also buy back all his sold coins.
I don't know though how many HODLers have the balls to do that. I don't Cheesy

Jaycee99

sr. member

Activity: 1036

Merit: 273

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.

I presumed that your talking about bitcoin for me, the value for bitcoin is I think it would be at 70k worth of dollars. if you talking about other cryptocurrencies it is good to hold and wait to hit 100k but specifically, it would apply in bitcoin.

Thank you for being positive but still like others responded bitcoin is unpredictable and the holders and traders are unpredictable as well they can manipulate the number. Iam talking specifically about who "they" are the big holder or rather investors. This is one of the reasons why others have said anything can happen when it comes to value.

Quote

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.

From my point of view as I experienced Holding and trading the two can be a winner as long as you know what to do and you have an idea to get yourself through. You must study, learn, try, and do it in order to win it and know it. Still, trading and holding can still attain some weak points that you get to see as you get going when it comes to trading and holding.

aoluain

legendary

Activity: 2464

Merit: 1387

I think $100,000 is massively conservative, I mean why be so short sighted? It sounds
like the "movement" think that $100k is the ceiling, which it certainly isnt. It will just be
the start of another chapter in Bitcoins adoption, popularity and value.

I get it that some people have set a personal target to sell at $100k but creating a concerted
effort to mass seel at that price is like a public announced backways ponzi scheme.

Just read LFC_Bitcoin above and this makes sense too, just create your own target
and be happy with that, dont try and infleuence others.

LFC_Bitcoin

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Why HODL until 100k, what are you going to do then, sell everything for useless, depreciating $ & celebrate that?
I’ve been buying & HODLING since 2014, I’ve barely sold anything. Now more than ever I’m starting to see how useless fiat currency is.

I will sell some in Q4 but nowhere near even 50% of my stash. I think it’d be moronic to go all in to fiat.

Sell enough to make your life better to retire if you’re lucky & have enough money to last 3-4 years until the next bull run but selling everything at $100,000 is stupid.

mr500

jr. member

Activity: 82

Merit: 2

Many people talk about Bitcoin will pump to 100k and This type of post has gone viral in Bitcoin talk forum . Actually the way people talk about as a result the price of BTC really gain at $55,450 it's really new high pump in this week .

blatchcorn

sr. member

Activity: 952

Merit: 281

Quote from: ?? on ??

Despite that the cryptocurrency market is unpredictable, I am thinking that BTC might go up to as much as $80k. $100k is still a possibility since we are already in the 4th quarter which is kinda “bullish” period. Unless there are some sudden circumstances that would result to short term pullbacks, the chances of $100k this year would be slim to none. Just my opinion.

Market correction is inevitable, so far we have seen that whenever BTC goes up in value it takes correction after sometimes. Means Bitcoin don't go up in value only, it goes down equally and this point must be kept in mind. I am sure this will happen in current bull run also.
Secondly, we must not be greedy to sell our BTC at 100k rather sell as soon as you are getting adequate profit. I do agree that chances of 100k in this year are zero.

BlackHatCoiner

legendary

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Farewell, Leo

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.

You can't force the people to do something they wouldn't otherwise. It's neither economically healthy for the people to act how they wouldn't normally. So, what you propose is to hodl until it reaches $100k, but what's next? Is the goal accomplished? No! Once we reach that amount, we'll want to spend our coins which will drop the price.

That's why the price goes upwards and downwards. Because, usually, the people act how they would with no extra thoughts. The current price is what determines the market value of Bitcoin. Calling it undervalued is respected, but you'll have to play by the rules if you wanna enjoy the benefits of a free market. Any change after a manipulation or a propaganda leads to an indication of a temporary market value.

Also, isn't HODL-ing for patients? You can't be a hodler and impatient at the same time.

pawanjain

hero member

Activity: 2702

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Nothing lasts forever

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

We all wish that we could hold together and pump bitcoin's price upwards but that doesn't happen in a open community.
People who want to take profits do exit and book their profits. Sometimes it's situations where some people have to sell their coins.
So it really becomes more of an individual decision rather than a group strategy to hold bitcoin.

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