Who buys Bitcoin at $500k | Bitcointalksearch.org

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Quote from: Marvelman on February 25, 2024, 06:58:50 AM

There will probably always be buyers even if prices get real high. I reckon lotsa folks will buy just bits and pieces. Maybe we'll finally be counting satoshis soon. Wink

Makes me think back to a few years ago when people were wonderin the same thing. Could likely see history repeatin' itself.

Yes, like the question of who will buy Bitcoin at $10 $100 $1000 and even now it will reach ATH at $100k, it could even reach $500k. This can all happen easily when the upward cycle has occurred. The more Bitcoin pumps up the price, the more people will always buy it even though the price is quite expensive. All of this requires a process and certainly won't happen overnight.

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Quote from: Bravut on February 17, 2024, 08:01:03 AM

But holding till September 2025 would be worth it since the bull run will last till then.

It depends on your plan. For me, as long as you will sell at the peak or near to it then it's all worth it. It's worth the wait when you sell your coins that you're holding at a profit.

Quote from: Bravut on February 17, 2024, 08:01:03 AM

My question is who buys Bitcoin at that price..?

Those who want to buy it.
Many also question that in the past. Who will buy Bitcoin at $30,000? At $40,000? At $50,000 and so on. There will, and will always be buyers at any price because they believe that they can still get profit even though the price is too high already. I guess this is also there reason why there is a thing called "Greater Fool Theory".

Quote from: Bravut on February 17, 2024, 08:01:03 AM

Will the value of Bitcoin keep increasing after then?

As long buyers are way more than sellers then the price will continue to increase.

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Quote from: Bravut on February 17, 2024, 08:01:03 AM

My question is who buys Bitcoin at that price..?

Anybody who wants to buy, people can buy Bitcoin whenever they want to. Bitcoin price right now is above $52,000, some people are actually thinking it is too high to get in now, whilst others are buying, this would be the same scenario when it goes as high as $500,000, some people would refuse to buy because they think it cannot rise far more than that, until they witness it get to $1m.

Having said that, both $500,000 or $1m is very far from now, Bitcoin price is not going to rise as high as this in a short period of time, it will take many years, coupled with a few more halvings, other events, and more demand.

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Quote from: philipma1957 on February 25, 2024, 10:54:11 AM

Quote from: Bravut on February 17, 2024, 08:01:03 AM

Bitcoin to rally more than $500k says some crypto analyst.
Bitcoin has pass $50k but for me,we need a close watch.We are expecting halving in April, looking at the daily chart we see Bitcoin moving to $67k but I expect to see retracement to $40k before any move so as to gather enough momentum.
Bitcoin has more buying pressure on it now than ever because of;
ETF approval which open room for more investors to invest and minimize there risk thereby holding more coins .
Election would also have impact on it move, because of general election coming up in over 50 countries of the world.
Inflation taking it lead.
Tension in economy of countries,etc.
But holding till September 2025 would be worth it since the bull run will last till then.
My question is who buys Bitcoin at that price..?
Will the value of Bitcoin keep increasing after then?

okay I know what I will do if it reaches 500k by 2025.

Sell
sell
sell

You need to think about why bitcoin might be worth so much. Maybe it won't be about bitcoin, but about the huge inflation of the dollar. Then it will be safer to keep your money in cryptocurrency. Many people easily sold bitcoin for $1k and later regretted doing so.

Bravut

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Quote from: philipma1957 on February 25, 2024, 10:54:11 AM

okay I know what I will do if it reaches 500k by 2025.

Sell
sell
sell

Yh to make more profits.
Will you sell all your Bitcoins then? Or you sell just a fraction of it.

philipma1957

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Quote from: Bravut on February 17, 2024, 08:01:03 AM

Bitcoin to rally more than $500k says some crypto analyst.
Bitcoin has pass $50k but for me,we need a close watch.We are expecting halving in April, looking at the daily chart we see Bitcoin moving to $67k but I expect to see retracement to $40k before any move so as to gather enough momentum.
Bitcoin has more buying pressure on it now than ever because of;
ETF approval which open room for more investors to invest and minimize there risk thereby holding more coins .
Election would also have impact on it move, because of general election coming up in over 50 countries of the world.
Inflation taking it lead.
Tension in economy of countries,etc.
But holding till September 2025 would be worth it since the bull run will last till then.
My question is who buys Bitcoin at that price..?
Will the value of Bitcoin keep increasing after then?

okay I know what I will do if it reaches 500k by 2025.

Sell
sell
sell

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Quote from: justdimin on February 22, 2024, 05:02:24 AM

Realizing this as soon as possible makes someone do a lot better. I understand that it may not feel all that well to invest into something that you think bubbled up and could burst at any point, but it is also true that anytime bitcoin has gone up, it has managed to go down eventually as well, that is why it is so important.

I believe that the best thing to do would be keep buying and holding long term, if it ever passes 500k then we already made 10x return which is great, but even if it goes under that price after a while, I bet that if you hold it long enough then it will keep growing. These are all important stuff that we should keep doing, that is how we make some money from it. I believe that it will be quite well without a doubt.

Not a lot of people will understand it, its not going to end that well for plenty of them because they have no idea what they are doing. I get that its not going to be all that easy and we should try to avoid it as much as we could, that's just not how it works at all. I personally believe that we should be staying away from it as much as we possibly could.

The best thing about the current situation is that we are dealing with a market that is volatile and many people think that we are going to see 500k and stay there, we are not. We will move one way or another whatever the price is, and we need to keep focusing on that for a good amount of time. I think that should be the most important part, volatility will stay for good.

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It's not always possible until all of a sudden it becomes a reality, trust me, there will be many people buying bitcoin at whatever price it will be in the future, but this bull season, we will never see such price per Bitcoin, maybe 150k max and anything over this is dangerous.

It will get to the point where there won't be many Bitcoin around, the scarcity will be so big that value will hit bitcoin like never before, there will always be late comers, those who fold hands today, still thinking that Bitcoin will crumble, they are the people that will fomo into Bitcoin because they just can't take it anymore, they won't have any choice than to buy then..

To get your hands on 0.23BTC will be extremely hard as the value could be worth 1.5BTC of today, that's the problem, many people focused so much on today, instead of the future, even if the future isn't guaranteed, nothing should be stopping us to hope for a better future.

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There will probably always be buyers even if prices get real high. I reckon lotsa folks will buy just bits and pieces. Maybe we'll finally be counting satoshis soon. Wink

Makes me think back to a few years ago when people were wonderin the same thing. Could likely see history repeatin' itself.

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Quote from: kentrolla on February 25, 2024, 06:14:09 AM

When the Bitcoin was $1000 people would have asked the same question like who will buy it when bitcoin will be traded at $10000 or when it was $5K people would had same question but now people are still buying at $50k which mean even in the future people will buy Bitcoin and it's not like we are buying one complete Bitcoin but rather people do DCA or even buy only during the dips hence I don't think think it would be a challenge. We are still far away from $500k hence let's discuss on more relevant topics which would help the community.

Yes, that's what happened before Bitcoin rose $1000. Even when the price was only able to reach $200 at that time, people didn't think to see Bitcoin price go to $69k for its last ATH. But it's all proven and many people regret never investing in Bitcoin even for just 1 BTC.

So when the price reaches $500k, there will be people who will still buy it. But very few people can afford 1 BTC at $500k. Most people can only afford the smallest denominations of BTC.

But if people have done DCA from a few years ago until now, they really get big benefits. Especially if they already have a lot of Bitcoin that they still keep. But we will never know when Bitcoin will reach $500k.

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When the Bitcoin was $1000 people would have asked the same question like who will buy it when bitcoin will be traded at $10000 or when it was $5K people would had same question but now people are still buying at $50k which mean even in the future people will buy Bitcoin and it's not like we are buying one complete Bitcoin but rather people do DCA or even buy only during the dips hence I don't think think it would be a challenge. We are still far away from $500k hence let's discuss on more relevant topics which would help the community.

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Quote from: Bravut on February 17, 2024, 08:01:03 AM

My question is who buys Bitcoin at that price..?

Can you imagine someone asking a similar question 3-4 years ago? "Who buys Bitcoin at $50k?" The value of one bitcoin was well below <$10k back then. But here we are now. (not to mention 2021/22). The point is, there is always someone buying bitcoin, just as there is always someone selling it. No matter the price.

Quote from: Bravut on February 17, 2024, 08:01:03 AM

Will the value of Bitcoin keep increasing after then?

It is impossible to predict the future, but most likely yes. As long as there is new demand, the price is likely to rise due to limited supply.

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Quote from: Bravut on February 17, 2024, 08:01:03 AM

My question is who buys Bitcoin at that price..?
Will the value of Bitcoin keep increasing after then?

Everyone buys bitcoins every time, people buy it when it reaches a new ATH and people sell it when it's at its lowest. There are moments when you think who would buy it or who would sell it right now but people always make decisions.
From my understanding, some people risk to buy Bitcoin when its price is high because they are day traders and want to make a small profit in a short timeframe, i.e. someone buys Bitcoin at 50K, thinks it will rise at least up to 51K, sells there and that's all but there is one unlucky day when market crashes, bears take the edge and this plan fails.

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Quote from: Negotiation on February 25, 2024, 03:59:15 AM

Quote from: Bravut on February 17, 2024, 08:01:03 AM

Bitcoin to rally more than $500k says some crypto analyst.

Bitcoin may never exceed $500k before 2028. If you think this will happen in the next two years, you are still wrong. Many may unknowingly say it is going to do it very quickly but in reality it won't, because there are many steps before it that will only complete it after going through them. I also think $500k would be perfect.

You are thinking that in 2028 the price of bitcoin will be 500k but I think maybe in 2040 or 2045 the price of bitcoin will be $500k. Many people are saying that the price of Bitcoin will be $500k dollars this year, maybe that is their far-fetched thinking, but it will not happen in reality. As the price of Bitcoin is now rising, many crypto analysts believe that the market will turn upside down after the Bitcoin halving.

I think when the bull run starts in the market bitcoin price can go to $150K this is the first step to increase my bitcoin price. Bitcoin prices spiked when the Bitcoin ETF happened, just like when the Bitcoin halving happened, the Bitcoin price spiked again.

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Quote from: Bravut on February 17, 2024, 08:01:03 AM

Bitcoin to rally more than $500k says some crypto analyst.

Bitcoin may never exceed $500k before 2028. If you think this will happen in the next two years, you are still wrong. Many may unknowingly say it is going to do it very quickly but in reality it won't, because there are many steps before it that will only complete it after going through them. I also think $500k would be perfect.

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Quote from: Beparanf on February 24, 2024, 12:08:33 PM

Quote from: Rasa nanas on February 24, 2024, 09:49:17 AM

5 years ago questions like this also applied. Who would buy Bitcoin for $50k?
In fact the price of bitcoin in 2021 passed $50k and currently the price of bitcoin is even stable at around $50k. even in this bullish period the price of bitcoin could easily reach $100k. The point is that what seems impossible now could become a reality in the future.

This is different situation since the marketcap back then is relatively small including right now at 50K compared when Bitcoin is at 500K. 500K will put Bitcoin to 10.5Trillion dollars which is already insane when you think about it now. Maybe in the future this is normal when inflation hits hard and decrease the value of $.

I think buying at 100K is more relevant question compared on asking about 500K or more since 100K is already a milestone achievement for Bitcoin if ever this will happened with the existence already of Bitcoin ETF.

I guess this is not a practical question anymore. People will surely buy bitcoin as long as there are potentials to increase its price, even if the price reaches $500k in the future. But most probably, we should not jump into a much bigger price that we think is still impossible to achieve these days. Let’s focus on more realistic prices like $100k to $150k which I think will become the new price resistance levels in the next few months or years. Although $500k will still be possible, but I guess it may take 5-10 years before that price will be realized.

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Quote from: moneystery on February 24, 2024, 12:53:44 PM

if there are people who buy bitcoin at $50k or $60k, it means there will be people who buy bitcoin at $500k, but maybe if bitcoin reaches that number it means we will buy or sell bitcoin in smaller forms, such as satoshis. by trading bitcoin in smaller amounts, bitcoin can be purchased by anyone at any price range.

Not only that - if we disregard all the noise around the ETF's and the upcoming halving
and travel back to when Bitcoin was valued at lets say $500 and ask the question....
Who will buy Bitcoin at $50,000? the arguments I'm sure were or would have been the same.

1. - Its a matter of perspective, the question is about a future price which is far away
in a number of years

2. - realistically is the market going to die a death as soon as its hits $500,000?

So long as there is positivity and demand in the Bitcoin network there will be buyers
and sellers at any price.

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if there are people who buy bitcoin at $50k or $60k, it means there will be people who buy bitcoin at $500k, but maybe if bitcoin reaches that number it means we will buy or sell bitcoin in smaller forms, such as satoshis. by trading bitcoin in smaller amounts, bitcoin can be purchased by anyone at any price range.

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Quote from: Rasa nanas on February 24, 2024, 09:49:17 AM

5 years ago questions like this also applied. Who would buy Bitcoin for $50k?
In fact the price of bitcoin in 2021 passed $50k and currently the price of bitcoin is even stable at around $50k. even in this bullish period the price of bitcoin could easily reach $100k. The point is that what seems impossible now could become a reality in the future.

This is different situation since the marketcap back then is relatively small including right now at 50K compared when Bitcoin is at 500K. 500K will put Bitcoin to 10.5Trillion dollars which is already insane when you think about it now. Maybe in the future this is normal when inflation hits hard and decrease the value of $.

I think buying at 100K is more relevant question compared on asking about 500K or more since 100K is already a milestone achievement for Bitcoin if ever this will happened with the existence already of Bitcoin ETF.

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Quote from: Rasa nanas on February 24, 2024, 09:49:17 AM

5 years ago questions like this also applied. Who would buy Bitcoin for $50k?
In fact the price of bitcoin in 2021 passed $50k and currently the price of bitcoin is even stable at around $50k. even in this bullish period the price of bitcoin could easily reach $100k. The point is that what seems impossible now could become a reality in the future.

Bitcoin price crossed $50k in 2021 and touched a high of $69k perhaps the highest price in Bitcoin history. We all expect that after the Bitcoin halving, when the bullrun starts in the market the price of Bitcoin will be in the millions of dollars. But the OP said Bitcoin would be worth $500k dollars which sounds impossible to me.

Quote from: NicNacCoin on February 24, 2024, 12:42:41 AM

If the bitcoin market goes to $500k in 2025 or so then I think people will buy bitcoin from there just like people are buying it now.

It sounds ridiculous, will the price of Bitcoin even reach $500k in 2025? I don't think it's possible that bitcoin will never hit $500k dollars. What we can predict is that the price of Bitcoin in 2025 will probably be at most $100k as many are predicting.

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