What can we do to make Bitcoin hit $100k - page 5.

khalidkhan82118

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Quote from: Smilevictorobinna on May 05, 2024, 08:12:19 AM

I have always been thinking about what we could do to make Bitcoin hit a tremendous amount.

Is there anything we could do??

It requires a combination of factors such as widespread adoption, positive regulatory developments, and increased institutional investment. All we can do is pray. Cheesy

Kristiyana

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Quote from: Oshosondy on May 05, 2024, 08:15:21 AM

All you have to do is to be patient. A time will come when bitcoin will not fall lower than $100000. Do not expect bitcoin to get to $100000 just very fast. It can take some time before that would happen.

You're absolutely right mate, I think that's the right answer to his question, we need to exercise patient because for now there's nothing we can do to make bitcoin hit $100k apart from been patient and keep waiting for the right time to come. is obvious that bitcoin has a good potential in the future but is gonna take a lot of time, you and I know that bitcoin investment requires time and patient is not a get rich quick investment, but if you're patient enough to hold on to it till the right time I'm pretty sure that your profit is gonna be huge.

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Quote from: Smilevictorobinna on May 05, 2024, 08:12:19 AM

I have always been thinking about what we could do to make Bitcoin hit a tremendous amount.

Is there anything we could do??

Have you considered the negative impact Bitcoin increasing to a price that it isn't ready for before having this type of wishing thinking, Bitcoin getting to $100k is inevitable but we shouldn't ask for it before the market is actually ready for it because the pullbacks that we'll be getting might be more destructive than what we think. The only thing that you can do is to contribute to the growth of the adoption of Bitcoin by using it in businessess or services that you render. Our focus should be on increasing the adoption rate of Bitcoin and not price speculation. If adoption increases definitely it's going to impact the price of Bitcoin in a positive manner.

So if you want more price per Bitcoin, add to the adoption of the currency. Keep buying and hodling Bitcoin as well but don't just seat on the sidelines, add value to the industry by being useful to the growth of Bitcoin in your small locality. You can introduce Bitcoin to people in your surrounding but don't force them into the industry only convince them to see the value in owing/accepting Bitcoin in their various businesses. While doing this make sure you aren't committing any crimes as it might be illegal to accept Bitcoin in some countries that it's banned in.

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Quote from: GeorgeJohn on May 07, 2024, 05:32:01 PM

another way we can contribute for bitcoin increment is to introduce people to invest in Bitcoin especially companies, because if company accept Bitcoin for payment I believe that other people who have a company will also like to follow such step and then when we have so many of persons or so many of companies that adopt Bitcoin as a method of payment that will also help Bitcoin to Skyrocket in price.. I could remember vividly that what makes a Bitcoin to be well known today is as result of social media influencers who introduced bitcoin to different platforms so people know in Bitcoin is also one of the things that contribute for the price to rise to the extent of being in position bitcoin is today

Institutions like Microstrategy, Blackrock are buying bitcoin, I believe we will be seeing more institutions buying bitcoin when the Bitcoin ETF is approved. However I disagree with your other comments, Bitcoin was not made popular by social media influencers. The social media space hasn’t been friendly to Bitcoin, it has been used as a tool for spreading negative news about Bitcoin. Influencers promote altcoins, projects where they have the most potential to make profits from their followers buying the token or coin.

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Quote from: tvplus006 on May 07, 2024, 06:12:36 PM

Quote from: Smilevictorobinna on May 05, 2024, 08:12:19 AM

...Is there anything we could do??

The only correct solution would be to buy Bitcoin at the market price and thereby move the price up. But it is impossible to do this, since all participants of the forum do not have enough capital for this. Therefore, we can only wait until institutional investors do it for us.

Yup, that's adding more demand to it.

Whether you promote it in different social media, you'd just be wasting your time if you're not helping the economy itself through buying. But are we big enough to do that? Me, even I am comparatively small, I'd say that don't underestimate the power of retailers.

If you add to the demand, that means that there's a price increase that's about to happen just as the big institutions does. We've seen this happen sometime ago in the gamestop stocks.

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Quote from: Smilevictorobinna on May 05, 2024, 08:12:19 AM

...Is there anything we could do??

The only correct solution would be to buy Bitcoin at the market price and thereby move the price up. But it is impossible to do this, since all participants of the forum do not have enough capital for this. Therefore, we can only wait until institutional investors do it for us.

GeorgeJohn

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Quote from: hatshepsut93 on May 06, 2024, 05:17:26 PM

You can write posts on social media why people should invest in Bitcoin, you could engage in debates with people who say that Bitcoin won't go up and will go down instead and so on and so on. But you personal contribution would hardly move the price, only if millions of people did that at the same time there would be a chance to influence the market.

another way we can contribute for bitcoin increment is to introduce people to invest in Bitcoin especially companies, because if company accept Bitcoin for payment I believe that other people who have a company will also like to follow such step and then when we have so many of persons or so many of companies that adopt Bitcoin as a method of payment that will also help Bitcoin to Skyrocket in price.. I could remember vividly that what makes a Bitcoin to be well known today is as result of social media influencers who introduced bitcoin to different platforms so people know in Bitcoin is also one of the things that contribute for the price to rise to the extent of being in position bitcoin is today

asarfiar

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Is there anything we could do?

We need to know, understand that there is no exception, If you understand less,you have to resort to others, and get others interested in learning about Bitcoin.

It is natural that a patient person does well, you will notice that every super man in the world is established by patience and hard work. So go ahead with patience and courage and advise others about Bitcoin, there is no doubt that the level of Bitcoin will increase several folds in the future. So come forward yourself and advise others to come forward, in the future it will be widely promoted and spread throughout the world.

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We can tell everyone to just hold and keep buying until it reaches $100k but this never simply works or is able to please us all.
Therefore, the best thing we can do is to patiently wait for it, and knowing when it comes is impossible. So, don't bother to think about it as it only breaks your heart or puts you in trouble as negativity may influence your mind.

Accumulating more could help the price to pump but the volume of panic selling is huge as well which is a reason to see the price drops. But as long as we see a growing demand, reaching $100k is not impossible but it takes several years to wait.

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Quote from: Smilevictorobinna on May 05, 2024, 08:12:19 AM

I have always been thinking about what we could do to make Bitcoin hit a tremendous amount.

Is there anything we could do??

Nothing just to be patient and hodl, and also this should be an opportunity for investors to buy more Bitcoin to therey portfolio for Bitcoin is a volatile asset that it price movement is unpredictable. So the most important thing here is to keep on accumulating more Bitcoin and continue to HODL.

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Quote from: Smilevictorobinna on May 05, 2024, 08:12:19 AM

I have always been thinking about what we could do to make Bitcoin hit a tremendous amount.

Is there anything we could do??

If anyone has the crystal ball to pull this off they would have, Bitcoin reach a certain amount when it is right, no one can do anything about it.

All you need to do as an investorinvsteor is to wait patiently, 100k is highly possible this time around but right now we are in those months when Bitcoin always fails to make better moves, wait till November to see what will happen, normally year closes is always bullish.

I wonder how effective it will be if a billionaire decides to invest a massive amount into Bitcoin because with all the buying that Saylor and other companies did nothing big still happens, days back a whale bought thousands of Bitcoin, and still nothing happens, the type of amount that will drive the market will be so massive it seems, maybe trillions.

Don't mess things up, many people were in this period in 2020 and they gave up, see what happened in November 2020 into 2021? It was a full-blown top, I believe something similar will take place again.

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Quote from: Smilevictorobinna on May 05, 2024, 08:12:19 AM

I have always been thinking about what we could do to make Bitcoin hit a tremendous amount.
Is there anything we could do??

Yeah. You can do something if you are like Elon Mask. His single tweet can fuel the market. If you have a multi-billion dollar company, announce that you will accept Bitcoin, and your customers will be able to pay with Bitcoin. You can announce that you want to buy Bitcoin (Whether you buy it or not) and buy as many Bitcoins as possible. These things will affect the market for sure.

But if you are not like that, you can only hold your Bitcoin and wait for the market makers to move it for you. But if you join the selling party, the market may crash. Never join the panic selling party. Waiting for the right time will help Bitcoin reach the $100K price range.

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Quote from: Smilevictorobinna on May 05, 2024, 08:12:19 AM

I have always been thinking about what we could do to make Bitcoin hit a tremendous amount.

Is there anything we could do??

What have we done in the past to take bitcoin from below $1 to the current $60k+. If there's a specific steps we have followed, it will be fine we replicate it. But if there's no known pattern that was followed, all we need do is to continue believing and using bitcoin and $100k will come unforced.

Then, if you have the opportunity, introduce your friends and loved ones to bitcoin because its future is bright.

hatshepsut93

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You can write posts on social media why people should invest in Bitcoin, you could engage in debates with people who say that Bitcoin won't go up and will go down instead and so on and so on. But you personal contribution would hardly move the price, only if millions of people did that at the same time there would be a chance to influence the market.

Kristiyana

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Well the only advice I can give to you is that, you need to invest in bitcoin then after investing, you hold on to it for long term investment, I strongly believe that there will be a massive increase in the value of bitcoin in years to come, but is just a matter of time and patient, if we can be patient enough to hold on to it till then, is obvious that bitcoin has a good potential. However I think there's nothing you and I can do to make bitcoin hit $100k the only thing we can do is to exercise patient and keep holding till the right time.

GeorgeJohn

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Quote from: Smilevictorobinna on May 05, 2024, 08:12:19 AM

I have always been thinking about what we could do to make Bitcoin hit a tremendous amount.

Is there anything we could do??

we don't have anything to do that is the answer of your question, but you have to know that what Makes the price of Bitcoin to be highly accelerated in price is as a result of the demand and the supply and it is obvious and the well understand that when the price of Bitcoin is high it is basically depend on the demand and when the price of Bitcoin is low it is basically depend on the supply, so from this concept it indicates that the price of Bitcoin skyrocketed based on the demand is of Higher potential than the supply so only thing that you can do as investor is to exercise a patient and the wait until the demands is higher than supply.

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Quote from: stompix on May 06, 2024, 10:43:01 AM

Quote from: Zaguru12 on May 05, 2024, 04:27:22 PM

For me there is no secret way to get the bitcoin price to $100k aside trying to create a larger demand volume for it and this is not something an entity or investor can achieve

You're telling me that Berkshire decided to put all that 180 billion in cash it's sitting on in Bitcoin won't move the price to 100k? Cheesy

Wow never thought of it that way Grin

but that will definitely push the price up there for a bit though if it is a one time purchase. No exchange will have such amount of bitcoin, we could face a liquidity problem. At the current ATH of $72k that $180 billion would amount to 2.5 million bitcoins (~12% of the total supply). But let’s assume it happened it would definitely push the price there temporarily before it falls again because for a steady uprise of the price there must be a constant demand of the product not just a one time price. But if such a buy happens it will definitely cause a big FOMO

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Quote from: stompix on May 06, 2024, 10:43:01 AM

One billion people who are interested in or trust Bitcoin won't move the price one penny up if they don't buy one satoshi!

The idea is that a least 20% of those interested will eventually become investors when they are convinced.

We are discussing what we can do to help the network not what needs to happen, it's not like anyone can force 1 billion people to buy in, you only control your pocket. The most you can do is lead people in this direction if they are willing to jump in.

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Quote from: Upgrade00 on May 05, 2024, 09:51:58 AM

Anyone with a good social reach, a YouTube channel etc, can use that platform to educate people, that way you're not directly convincing anyone to invest but you're putting out good content that will help anyone interested.

One billion people who are interested in or trust Bitcoin won't move the price one penny up if they don't buy one satoshi!
The thing is pretty simple, you need money before anything else, that's why you have some shitty coins in top 50, and that's why you have coins valued in billions despite everyone knowing they have no chance of ever replacing Bitcoin or thrust that in 1 year they will still be there, but you have investors who think it might be profitable, and this is how we have shiba inu in there!
Trust, adoption, publicity, hype, it's all about the $!

Quote from: Zaguru12 on May 05, 2024, 04:27:22 PM

For me there is no secret way to get the bitcoin price to $100k aside trying to create a larger demand volume for it and this is not something an entity or investor can achieve

You're telling me that Berkshire decided to put all that 180 billion in cash it's sitting on in Bitcoin won't move the price to 100k? Cheesy

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Quote from: Smilevictorobinna on May 05, 2024, 08:12:19 AM

I have always been thinking about what we could do to make Bitcoin hit a tremendous amount.

Is there anything we could do??

just hold your Bitcoin. Keep calm and be patient and you will enjoy it in the future.
the journey will not be easy and short. Market movements may not be as you hope, but we all still believe Bitcoin will reach that target.
and when that extraordinary moment happens, make sure you still hold your Bitcoin in your wallet. some people fail to party because they are impatient and tend to panic more.

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