Topic: Who buys Bitcoin at $500k - page 3. (Read 642 times)

Don't see the glass as half full...

14 years ago, if someone posed the same OP conjecture, what would they have said. Today with this price (+50k) we are less than 10x, hence, of course the asset is going to be sold.

 You're thinking about the size of your funds, that's why you see the glass as half full.

Your question is the same as when the price of bitcoin was still thousands of dollars, many people asked whether anyone would buy bitcoin when the price touched $10k and in fact the price of bitcoin continues to be bought by people even though a few years ago the price of bitcoin reached $67k.
one thing I have learned in the market, whatever the price of bitcoin, bitcoin will continue to be of interest to people, especially investors with a lot of capital, they will look at bitcoin as a good investment, besides that bitcoin has been proven to be immune to inflation which makes investors Professional investors are confident about Bitcoin's future.

Have you forgotten what happened in the past cycles when Bitcoin buys or sells? People (I don't want to call them analysts) will just be running their mouths. This is not different, but I can only advise you that you should rather be focused. Learn how to speculate, that's the only way you will not confuse yourself. At barely $51,700, Bitcoin is over $1T in market capitalization. What would it be when it is $500,000? That will be close to $10T. And you expect this to happen within months or barely a year? These guys are jokers.

I don't get you, you mean ETF will limit the risk of investors? Maybe you should go back to your readings. It doesn't work like that and I do not even know how it will further seriously impact Bitcoin, to be candid with you, judging by how the ease of investing in the coin is already structured. Unless for better keeping, and you should be ready for more charges with ETF if you pass through them.

Really, the US election does impact assets because most are paired with the USD which is the number one currency in the world. But it doesn't work as you said. The impact will be very minimal. It might cause some spikes and aggressive movements like whipsaws but they are not always so impactful to be worried about.

Do you mean in 2025? Well, one has to be careful in further buying of Bitcoin in 2025. The year is the year I believe that Bitcoin might slip back into a bearish mode if the past histories are to be considered.

Bitcoin $500K is it a cycle now? Crypto experts may say it's too much because it's unrealistic.

Whatever the price of bitcoin, someone will buy it when the price is $500K, the market capitalization will be quite high, which means the demand is getting higher, right? Now on the other hand, when the price is the lowest, who buys it? Not because they want to buy low but the demand will always be there.

Bitcoin is increasing? We look at the history of bitcoin cycles over the past decade or so, isn't that a sure hope? Although we never know where bitcoin is going.
Believe me the price will remain high because many people and institutions are already taking it.

Not all questions have to be answered, try asking a question once in a while. After all, this is not a logical question, just a fact to present the possibility of what will happen in the future.

Of course, I've said that before.
Bitcoin is not only an investment asset or store of value, but is also used as a currency. It's up to you whether you adopt it as a primary currency (difficult) or an alternative for daily transactions, that's the use case.

$500,000 would be too much for Bitcoin to rally in the coming bull market, the inflow of money into Bitcoin spot etf won't make this price to become a reality. The market isn't also ready to see Bitcoin trading at the price as many people will rush to sell to take profits and it'll make the market to crash more than it has crashed before. The more the market keeps getting more mature and institutional money keep coming in to stablize the market in some manner then we can be aiming for high price like $500,000. I think too that a correction is coming because the market can't keep raising. It needs more momentum and it's always a correction that starts the momentum as people starts accumulating again when the price of Bitcoin drops. As for who'll buy Bitcoin when it's $500,000, those that refuse to buy when Bitcoin is $50,000 and new investors will buy.

Take note that bitcoin won't be in a hyper-growth stage like it is right now forever. There will be a point in time where people will also be buying bitcoin for its growth(slower, but less volatile) increase, but mostly for its gold-like properties and due having self-custody.

Well bitcoin could hit $500K but what if the US dollar is hyper inflated. Next month is when BTFP ending and it’s what made many small banks survive the withdraw of customer funds to large banks. It’s ending next month and most likely more banks will fail.

The fed will have to print money basically and asset prices will go up for everything. So bitcoin could hit $500K but a loaf of bread can be $50 by then.

Who is this crypto analyst?Was he right when he said this?
It may be sky-high thinking that the price of Bitcoin can be $500k dollars at all. I think It may be impossible.
Bitcoin is still being bought by many people at this price those who can afford to buy Bitcoin are buying Bitcoin and planning to hold it for a long time in the future.

Yes this is the key, no matter where those numbers would go, the most important thing on here is that you shouldnt really be that making getting influenced and would really be that affected with those claims and would
really be basing up your decisions or with your positions on which i could say that it isnt really that ideal on having those kind of approach. You should really be that depending with your own analysis
and this is something that you should really be sticking into. If ever the price would be hitting up 500k then just like on what others been saying that we would be thinking that million would be the next spot or hit.
No one really knows on what the future is and it is really just that normal that we do have always those speculative approach when it comes to market prices.

We investors would really be having those kind of price approach and telling to those numbers whether it do turns out to be unrealistic and this is something that we cant really be able to avoid.

I never say anyone predict the top correctly and it's always wildly overestimated. In 2017 the eyes were at $100k, in 2021 it was $250k and we all know how it went and where the actual bull cycle peaks were. Don't let all these predictions affect your decision-making and remember that after the bull market there will be bear market.

At $500 people could have asked the same question of the ridiculous pricing of $50,000 to each BTC yet here we are today doing the impossible defying gravity breaking the speed of light apparently.     Is it possible, we have to say yes but how, why and when we dont know but I presume its a long journey for such a figure and much development, news and changes will occur in the travel plan to get that destination of such a remote impossibly  high figure.
   Plenty of people were around at $100 or before, that price though it seems low now was high.   100 was absolutely a high price, the top of Everest compared to prior trading and to some impossible to sustain.    I guess we must learn not to focus purely on numbers as this is not the most important part to considering BTC correctly.

At any price that bitcoins get to, there will always be buyers. Not all buyers of bitcoins are buying to make profit from the Volatility, it has use cases as a currency too that some people are readily available to make use of instead of fiat.

At 50k, there will still be buyers, but definitely not so much as today or yesterday.

Should we re-ask something that doesn't need to be thought about like the OP's question. I think it's strange to test one's logic when market participants ask other market participants.

For the OP, when the current price is trading at $51.8K, who is buying an average of 8 to 10 units of Bitcoin on the exchanges I just saw.
Do buyers who buy Bitcoin at that price not know that this price is considered expensive for some people? Of course, everyone who buys Bitcoin has a goal of using Bitcoin.
Most people who buy out of trust will make huge profits when the price of Bitcoin reaches $100K or more.

Same question:

Who would buy bitcoin at $50k when price was under $5k in September 2017?

Me and other will probably answer: anyone can buy it especially since there are always traders and investors who will take advantage of its price volatility and also people who take advantage of real use cases.

So what's your answer?

Yes, it is possible, but there is no guarantee.

500k Bitcoin price is achievable in the long term and for that, we may not out rightly say that the analyst prediction is entirely out of content and in the long term we are going to see the actualization of those predictions, and reaching $500,000 will be something that we will achieved in the next couple of years to come.

But as far as I am concerned,  buying and holding Bitcoin is the best form of investment right now and for sure,  we may have the opportunity to buy more Bitcoin at a discounted price,  maybe below 40k before the Bitcoin halves and at that point anyone who wants to stock up more BTC against the next bull market.

Of course it will. It's not the price that's important but market cap, supply on exchanges and the amount of money needed to move the price.

I'll try to explain it using a very simple example. Imagine that you see bitcoin as an investment, like you'd see a house in a good neighbourhood. 10 years ago you knew a house in that area was the best investment and you know it now. Your parents wanted a place there and now you want to finally fulfill that dream but the value keeps going up every year and you barely keep up. 10 years ago it costed $500k, then 520k, 530k and it never stops. You finally get a good job and a mortgage and you can afford it but you see that it's now $600k, but you're still going to buy it because it's "the shit every kid dreams of having." Do you understand? As long as there's demand there's no upper limit.

You see this as something that you could buy for 25k and is now $50k so you won't buy more for $500k. A person who did not have money in 2023 but will start a company in 2025 that makes him millions could look for a good long term investment and he will see it as something that went from 2500 to 500k in 2025 and has the potential to go up 50% in the next 5 years.

Although the analysts might be too ambitious at the moment but definitely bitcoin with the way it has been moving will definitely rally upto to that amount but to frank with you that it will take at least huge bull run after halving for it to happen. Person i only predict that kind of price when we might be having the 2036 halving. My reason been that bitcoin volatility rate is significantly reducing as we move up and many investors try to hoard it more as a store of value. After every halving even the up coming one I don’t see more than a 3x from the previous ATH.

As for who will buy bitcoin no matter what price it gets too will always attract more investors because of its unique features like been a store of value and an hedge against inflation which I don’t need to tell you is the major problem of most nations now.

As for the prediction I don’t see us beating the current ATH before halving as I also expect a retracement and more of a zigzag movement than an upward or downward movement.

When? This is possible but not in 2024.

Holding bitcoin in itself is one of its rewards. The sense of security it offers should be enticing enough for anyone to hold long term and not for some duration though I know that there are individual differences that abounds.

Just as Saylor rightly said once, everyone buys bitcoin at the price they deserve. Consequently, anyone who buys bitcoin at $500k has bought it at the price they deserve.

The truth is no one really knows. Everything right now is just speculations and predictions. No one knows for certain if it will keep increasing, remain stable or start to decrease.

First off, $500k is likely 8-10 years from now. If you're talking about it happening this market cycle next year that is pure nonsense. I don't know who these "crypto analysts" are that you mention, but if they are talking about $500k happening next year they are extremely bad analysts.

When it gets to $500k in like a decade, who will be buying? Well, everyone in the market will be buying. By then that'll be hundreds of millions of people.


For some reason people like to pick a price and ask who could possibly buy at such a price, whether it's $50k or $100k or $200k or $500k or $1 million. The answer is always, more people will be buying at higher prices than are buying today. Because it literally takes more people buying Bitcoin to get to those higher numbers. Just as more people were buying at $40k than $10k, and more people were buying at $10k than $1000, and more people were buying at $1000 than $50. So the answer is wayyyyyyy more people will be buying at $500k than are buying at $50k today. That is simply always the case in asset markets.