Topic: Who Buys Bitcoin When The Price is 100k$? (Read 1261 times)
The same question could be asked about who buys bitcoin at 30.000USD. The answer is simply: everyone that needs bitcoin at that time. People get used to any kind of prices pretty fast and see them as normal.
There are several groups of people will buy BTC when it reaches $100k and beyond:
1st group are those who are still in denial and that BItcoin is here to stay, they think of it as a ponzi etc but once we reach that price, many will change their opinion, like it happened in the past.
2nd group are those who think current price is too high and are waiting for BTC to drop more, but in reality they are really afraid to buy during bear and instead they will invest at the peak of bull when FOMO is the strongest. I know load of those who didn't want to buy from me when I had to sell some BTC @~10k, but where asking to buy once we reach $50k.
3rd group of people are those who are doing DCA on the regular basis and will keep buying BTC no matter the price. I fall into this group as I've been doing DCA for a couple of years now and my plan is to continue doing so when/if bitcoin reaches that barrier since it proved to be a very effective investment method,
You forgot to mention the 4th group: They are newbies who are new to bitcoin and are dying to invest in it because seeing others getting great returns. They buy at any price without doing analysis, but when we start talking about the 5th group; then it is those who adopt bitcoin as a means of payment.1st group are those who are still in denial and that BItcoin is here to stay, they think of it as a ponzi etc but once we reach that price, many will change their opinion, like it happened in the past.
2nd group are those who think current price is too high and are waiting for BTC to drop more, but in reality they are really afraid to buy during bear and instead they will invest at the peak of bull when FOMO is the strongest. I know load of those who didn't want to buy from me when I had to sell some BTC @~10k, but where asking to buy once we reach $50k.
3rd group of people are those who are doing DCA on the regular basis and will keep buying BTC no matter the price. I fall into this group as I've been doing DCA for a couple of years now and my plan is to continue doing so when/if bitcoin reaches that barrier since it proved to be a very effective investment method,
There will always be someone buying bitcoin at any price and trading never stops 24/7. But even if $100k is the new ATH, there is more potential to see bitcoin price go higher than $150k.
Will the price pass 100k$ next year 2024 for buys to make their gain?
Nothing can be said for sure but expect the price of Bitcoin to move up to your given price. If you really want to invest then I would say Bitcoin is the best choice. if you want to buy other coins for short term profit then you can make more profit but in opposite direction. The risk is too high.
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You forgot to mention the 4th group: They are newbies who are new to bitcoin and are dying to invest in it because seeing others getting great returns. They buy at any price without doing analysis, but when we start talking about the 5th group; then it is those who adopt bitcoin as a means of payment.
There will always be someone buying bitcoin at any price and trading never stops 24/7. But even if $100k is the new ATH, there is more potential to see bitcoin price go higher than $150k.
Firstly, 100k is a certain psychological level that can instill a lot of optimism in those who want to buy bitcoin, and secondly, I’m almost sure that after bitcoin reaches the price of 100k, we will see how everyone will talk about bitcoin from every corner, and will prophesy it is unrealistic high prices, this will encourage everyone who has not yet done so to buy bitcoin with the hope, that he will have time to buy, until the price reaches a million.There will always be someone buying bitcoin at any price and trading never stops 24/7. But even if $100k is the new ATH, there is more potential to see bitcoin price go higher than $150k.
You forgot to mention the 4th group: They are newbies who are new to bitcoin and are dying to invest in it because seeing others getting great returns. They buy at any price without doing analysis, but when we start talking about the 5th group; then it is those who adopt bitcoin as a means of payment.
There will always be someone buying bitcoin at any price and trading never stops 24/7. But even if $100k is the new ATH, there is more potential to see bitcoin price go higher than $150k.
Firstly, 100k is a certain psychological level that can instill a lot of optimism in those who want to buy bitcoin, and secondly, I’m almost sure that after bitcoin reaches the price of 100k, we will see how everyone will talk about bitcoin from every corner, and will prophesy it is unrealistic high prices, this will encourage everyone who has not yet done so to buy bitcoin with the hope, that he will have time to buy, until the price reaches a million. There will always be someone buying bitcoin at any price and trading never stops 24/7. But even if $100k is the new ATH, there is more potential to see bitcoin price go higher than $150k.
When you buy Bitcoin hen the price is 100k$ then how much will you sell it back to make profit because at that time the price of Bitcoin might not exceed 100k$ and if the price didn't not exceed that amount you will become a loser in the business so how does the vendors do at that time?
Or you buy at that time and thinking that it will go up to 200k$ but ironically, the price come below 100k$. What will be you faith/fate. Many companies stopped function last year because they accumulated a lot of Bitcoin when the price was high and they were thinking that the price would go up for them to sell them off and make their profit from there but instead the price of Bitcoin drastically come down very well. So the companies enter bankruptcy and folded. So exchange are trying to avoid such mistakes, so that they can run a long journey.
When Bitcoin was 6 thousand dollars, the question arose in my mind, who will buy this Bitcoin with 20 thousand dollars? But today I don't have to look for the answer to this question anymore. I now understand that even if the price of bitcoin reached 1 million bitcoins in the future, the number of bitcoin buyers will not decrease. Or you buy at that time and thinking that it will go up to 200k$ but ironically, the price come below 100k$. What will be you faith/fate. Many companies stopped function last year because they accumulated a lot of Bitcoin when the price was high and they were thinking that the price would go up for them to sell them off and make their profit from there but instead the price of Bitcoin drastically come down very well. So the companies enter bankruptcy and folded. So exchange are trying to avoid such mistakes, so that they can run a long journey.
In a general way, notice that the price of gold is higher than before but the number of customers didn't decrease. Since many of us think of Bitcoin as digital gold, its number of buyers will not decrease rather its demand will increase over time.
Institutional investors I pressume
Institutional investors are far more smarter, they are always here when the market is at it's lowest, they understood the game more than other investors, they have advisers and traders who gives them updates and good calls, these are the biggest investors in the space, do not think that they will do something stupid.The truth is even if Bitcoin is a million dollars today some people will think that it's going to 2 million dollars soon, and they will keep buying anyway, it's easier to FOMO when price starts pumping and it's easier to shy away from the market when it's dumping.
It's better to understand the crypto market before taking an investment route yourself, there are few things many people still do wrong, and it's left for them to figure them out, if everyone knows what they are doing who are going to buy from the smarter ones?
Institutional investors I pressume
Honestly speaking, it is difficult to buy Bitcoin for 100k$, unless you are a scalper. But if you're not a scalper and you don't know much about the ins and outs of the market, you'll have a bit of a hard time because instead of making a profit, you'll experience a loss.
It's hard to keep up with them if they are professional traders and are already used to this kind of behavior. I hope you got what you wanted if pointed out to you.
Right now it will seem difficult but when the price of bitcoin has exceeded that and is higher for example then I don't think it will be much different from today.It's hard to keep up with them if they are professional traders and are already used to this kind of behavior. I hope you got what you wanted if pointed out to you.
Let's reverse the conditions now where bitcoin is at $30k who will buy bitcoin at $60k or even more? It seems impossible right? but this is if you talk about a few years ago where bitcoin was at the previous ATH price then when $60k was a lot to buy so this condition will also definitely happen if bitcoin breaks the price of $100k or even more.
Actually things like this depend on the problem of prices. Indeed now we find it difficult to buy bitcoin at that price but if bitcoin has touched that price and even if it is higher then the possibility of buying there is still possible.
You are correct that the price of Bitcoin can be very high, and it might be difficult for most people to buy an entire Bitcoin worth $100,000 or more. However, it's important to remember that Bitcoin is divisible into smaller units called satoshis. One Bitcoin can be divided into 100 million satoshis, allowing investors to buy fractional Bitcoins even on a budget.
We are also currently not required to buy bitcoin with 1 bitcoin or more because all have plans such as DCA and others although there are certainly those who can buy more than 1 bitcoin directly but such circles are a different group from us as ordinary investors.
There is nothing to argue about when asking who will buy bitcoin at $100k because even we don't really care about that and in the beginning who would buy bitcoin at $30k a decade ago and who waited for the decline like now or even when the price of bitcoin touched $15k when previously it was more than $60k.
Everything has a purpose and we don't need to bother thinking about such things because the flow will happen when the time comes.
OP the scarcity of bitcoin might affect it's price making it to surge high but what you have to understand is that no matter much bitcoin attains there must always be a buyer, there are multi millionaires and crypto experts who know the it's worth and understand that for btc to hit and all time high of 100k means that it still has a tendency to go further in future, therefore people would always patronise it no matter the price.
However OP it is very important to buy and hodl now it's price has not attained 100k so as sell to rich investors and make profit when it gets to that points, so instead of missing out now the price is stable at 30k if you've got a spare cash you could purchase as much as you can to avoiding being amongst those that would buy due to FOMO.
However OP it is very important to buy and hodl now it's price has not attained 100k so as sell to rich investors and make profit when it gets to that points, so instead of missing out now the price is stable at 30k if you've got a spare cash you could purchase as much as you can to avoiding being amongst those that would buy due to FOMO.
There are several groups of people will buy BTC when it reaches $100k and beyond:
1st group are those who are still in denial and that BItcoin is here to stay, they think of it as a ponzi etc but once we reach that price, many will change their opinion, like it happened in the past.
2nd group are those who think current price is too high and are waiting for BTC to drop more, but in reality they are really afraid to buy during bear and instead they will invest at the peak of bull when FOMO is the strongest. I know load of those who didn't want to buy from me when I had to sell some BTC @~10k, but where asking to buy once we reach $50k.
3rd group of people are those who are doing DCA on the regular basis and will keep buying BTC no matter the price. I fall into this group as I've been doing DCA for a couple of years now and my plan is to continue doing so when/if bitcoin reaches that barrier since it proved to be a very effective investment method,
You forgot to mention the 4th group: They are newbies who are new to bitcoin and are dying to invest in it because seeing others getting great returns. They buy at any price without doing analysis, but when we start talking about the 5th group; then it is those who adopt bitcoin as a means of payment.1st group are those who are still in denial and that BItcoin is here to stay, they think of it as a ponzi etc but once we reach that price, many will change their opinion, like it happened in the past.
2nd group are those who think current price is too high and are waiting for BTC to drop more, but in reality they are really afraid to buy during bear and instead they will invest at the peak of bull when FOMO is the strongest. I know load of those who didn't want to buy from me when I had to sell some BTC @~10k, but where asking to buy once we reach $50k.
3rd group of people are those who are doing DCA on the regular basis and will keep buying BTC no matter the price. I fall into this group as I've been doing DCA for a couple of years now and my plan is to continue doing so when/if bitcoin reaches that barrier since it proved to be a very effective investment method,
There will always be someone buying bitcoin at any price and trading never stops 24/7. But even if $100k is the new ATH, there is more potential to see bitcoin price go higher than $150k.
There are several groups of people will buy BTC when it reaches $100k and beyond:
1st group are those who are still in denial and that BItcoin is here to stay, they think of it as a ponzi etc but once we reach that price, many will change their opinion, like it happened in the past.
2nd group are those who think current price is too high and are waiting for BTC to drop more, but in reality they are really afraid to buy during bear and instead they will invest at the peak of bull when FOMO is the strongest. I know load of those who didn't want to buy from me when I had to sell some BTC @~10k, but where asking to buy once we reach $50k.
3rd group of people are those who are doing DCA on the regular basis and will keep buying BTC no matter the price. I fall into this group as I've been doing DCA for a couple of years now and my plan is to continue doing so when/if bitcoin reaches that barrier since it proved to be a very effective investment method,
1st group are those who are still in denial and that BItcoin is here to stay, they think of it as a ponzi etc but once we reach that price, many will change their opinion, like it happened in the past.
2nd group are those who think current price is too high and are waiting for BTC to drop more, but in reality they are really afraid to buy during bear and instead they will invest at the peak of bull when FOMO is the strongest. I know load of those who didn't want to buy from me when I had to sell some BTC @~10k, but where asking to buy once we reach $50k.
3rd group of people are those who are doing DCA on the regular basis and will keep buying BTC no matter the price. I fall into this group as I've been doing DCA for a couple of years now and my plan is to continue doing so when/if bitcoin reaches that barrier since it proved to be a very effective investment method,
what is not so good decision is using lump sum at wrong time, buy a lot of bitcoin when the price is in near peak of bullish market time. and for me the best decision is using lump sum at correct time which is in the stable price phase, which happens after bearish market time, like now.
What is not a good decision for you might be a good strategy for others. For those who can be patient enough with the right prediction to know when the price is nearly peaking in the bullish market, they can utilize those opportunities by buying whatever they can afford to grab with the plan of selling off when the bull run comes. Those kinds of people happen to be short traders, and those strategies work very well for them, but most times the market usually goes against their prediction.
And what you considered a good decision is the time when the price of Bitcoin is in a stable state, fluctuating in the range of $30,000 Not going above that and not also going below that, to me, this is one of the toughest times for one to make an entry decision, for you never really can tell if it's going to break that stability by falling down a bit lower to the range of $28,000–$29,000 or if the price is going to break that limit and climb up a little bit. This pattern seems to be like a 50/50 kind of thing; either it goes sideways or it works in your favor.
When you buy Bitcoin hen the price is 100k$ then how much will you sell it back to make profit because at that time the price of Bitcoin might not exceed 100k$ and if the price didn't not exceed that amount you will become a loser in the business so how does the vendors do at that time?
Or you buy at that time and thinking that it will go up to 200k$ but ironically, the price come below 100k$. What will be you faith/fate. Many companies stopped function last year because they accumulated a lot of Bitcoin when the price was high and they were thinking that the price would go up for them to sell them off and make their profit from there but instead the price of Bitcoin drastically come down very well. So the companies enter bankruptcy and folded. So exchange are trying to avoid such mistakes, so that they can run a long journey.
Will the price pass 100k$ next year 2024 for buys to make their gain?
Or you buy at that time and thinking that it will go up to 200k$ but ironically, the price come below 100k$. What will be you faith/fate. Many companies stopped function last year because they accumulated a lot of Bitcoin when the price was high and they were thinking that the price would go up for them to sell them off and make their profit from there but instead the price of Bitcoin drastically come down very well. So the companies enter bankruptcy and folded. So exchange are trying to avoid such mistakes, so that they can run a long journey.
Will the price pass 100k$ next year 2024 for buys to make their gain?
I don't know of a single company that went bankrupt and folded due to buying Bitcoin at a high price. There was some companies like MicroStrategy which simply continued buying Bitcoin when it was cheaper to lower their average cost of acquiring it. Their Bitcoin investment is profitable again I believe.
THe bear market was brutal to some companies but in the case of FTX their insolvency issues were partly caused by holding so much of their funds in their own FTT token. If anything, it was not having enough Bitcoin (and other currencies) to process withdrawal requests that led to several companies collapsing.
This is how people bought Bitcoin when it was under $100
When it crossed $68k people still bought Bitcoin the same way it even more people bought it.
One thing to note is that the popularity of Bitcoin is increasing day by day and as the price of Bitcoin is increasing, it is catching people's attention. so as many people buy bitcoin now, if the price of bitcoin is $100k, more people will buy. Because then the excitement about Bitcoin will start
True. Also, a lot of people just don't know the basics of investing like buy low, sell high. So when they see BTC hitting new ATH I guess they think it will keep it that way, but they don't realize that a lot of people are gonna sell it at that point and lower the price.When it crossed $68k people still bought Bitcoin the same way it even more people bought it.
One thing to note is that the popularity of Bitcoin is increasing day by day and as the price of Bitcoin is increasing, it is catching people's attention. so as many people buy bitcoin now, if the price of bitcoin is $100k, more people will buy. Because then the excitement about Bitcoin will start
You may be new here but believe me these issues have been discussed when Bitcoin will be $1000 and also when it will be $10.000. You say who will buy Bitcoin when it will be 100k, there are those who expect Bitcoin to rise even higher, to reach 1 million dollars and beyond. Always aim higher prices. Bitcoin's deflationary nature allows this. The depreciation of the dollar and fiat money in general also contributes to this situation.
Don't worry, Bitcoin finds buyers at any price. Even assets that have no value can be sold at exorbitant prices, while Bitcoin has a purpose and value, of course it will have more users.
Don't worry, Bitcoin finds buyers at any price. Even assets that have no value can be sold at exorbitant prices, while Bitcoin has a purpose and value, of course it will have more users.
this is a problem that we will have if we use DCA strategy. I think for those who experienced in bitcoin investment, they will avoid some time to buy bitcoin. bullish market time is shorter than other bitcoin market phases cycle. but DCA is still profitable in bitcoin investment. what is not so good decision is using lump sum at wrong time, buy a lot of bitcoin when the price is in near peak of bullish market time. and for me the best decision is using lump sum at correct time which is in the stable price phase, which happens after bearish market time, like now.
I guess you got them all wrong. The OP is asking who will be ready to buy Bitcoin if it crosses the $100k pet Bitcoin level, and the answer is quite simple: providing there are people who bought Bitcoin from the price at which it is right now until when it hits the $100k level, there will also be others who will be ready to buy at whatever price they happen to meet it. There will always be a change of ownership, where today's whales might not be the same as the people of the next decade's will refer to whales, so those bagging in preparation of what the price might be in the future will definitely be there to buy more at whatever price they meet it.
Funds will buy that believe that bitcoin will be very expensive, if we talk about large players. But besides this, there will also be ordinary retail investors who will believe that bitcoin can reach unprecedented heights, but history teaches us that buying on highs is a very bad idea and perhaps because of such rash actions you will have to sit under water for a very long time, with the hope of one day reaching breakeven again.Only long-time market participants know how bitcoin works, and they won't be in a hurry to buy it at a high price. But when bitcoin hits $100k, it excites and creates a huge Fomo, new entrants will buy at that price and expect a higher price. That's how the market has worked for years now. As long as volatility persists, bitcoin still makes a profit, even if bitcoin is worth $1 million, there will always be a need to buy and sell.
When you buy Bitcoin when the price is 100k$ then how much will you sell it back to make a profit at that time the price of Bitcoin might not exceed 100k$ and if the price didn't exceed that amount you will become a loser in the business so how do the vendors do at that time?
Or you buy at that time and think that it will go up to 200k$ but ironically, the price comes below 100k$. What will be your faith/fate? Many companies stopped functioning last year because they accumulated a lot of Bitcoin when the price was high and they were thinking that the price would go up for them to sell them off and make their profit from there but instead, the price of Bitcoin drastically come down very well. So the companies enter bankruptcy and folded. So exchanges are trying to avoid such mistakes so that they can run a long journey.
Will the price pass 100k$ next year 2024 for buys to make their gain?
It is a normal thing in the market and it happened during the previous bull market cycles, and the scenario cannot be prevented totally because no one knows exactly where the market is going to top out. Or you buy at that time and think that it will go up to 200k$ but ironically, the price comes below 100k$. What will be your faith/fate? Many companies stopped functioning last year because they accumulated a lot of Bitcoin when the price was high and they were thinking that the price would go up for them to sell them off and make their profit from there but instead, the price of Bitcoin drastically come down very well. So the companies enter bankruptcy and folded. So exchanges are trying to avoid such mistakes so that they can run a long journey.
Will the price pass 100k$ next year 2024 for buys to make their gain?
To answer your question from my perspective and from the little experience I got because I have once fallen victim to this during the 2017 bull market.
First I will wait to get a clearer picture of the market direction to ascertain that the trend has changed, and we are heading into another bear market, then I will sell immediately at a small loss to accumulate back at a cheaper price using the DCA strategy.
that someone who would really be having that kind of sell target then you should really be selling out on the peak. How to know the peak? This would really be depending on you because bull run isnt something that could be predicted on how long it would last. If you do able to sell on peak then its good but if not then you would really be needing to wait up for another cycle for you to
sell out specially if you do enter on the market on a very high price. This is why it would be always recommended that you should put up target profits or selling point.
When you buy Bitcoin when the price is 100k$ then how much will you sell it back to make a profit at that time the price of Bitcoin might not exceed 100k$ and if the price didn't exceed that amount you will become a loser in the business so how do the vendors do at that time?
Or you buy at that time and think that it will go up to 200k$ but ironically, the price comes below 100k$. What will be your faith/fate? Many companies stopped functioning last year because they accumulated a lot of Bitcoin when the price was high and they were thinking that the price would go up for them to sell them off and make their profit from there but instead, the price of Bitcoin drastically come down very well. So the companies enter bankruptcy and folded. So exchanges are trying to avoid such mistakes so that they can run a long journey.
Will the price pass 100k$ next year 2024 for buys to make their gain?
It is a normal thing in the market and it happened during the previous bull market cycles, and the scenario cannot be prevented totally because no one knows exactly where the market is going to top out. Or you buy at that time and think that it will go up to 200k$ but ironically, the price comes below 100k$. What will be your faith/fate? Many companies stopped functioning last year because they accumulated a lot of Bitcoin when the price was high and they were thinking that the price would go up for them to sell them off and make their profit from there but instead, the price of Bitcoin drastically come down very well. So the companies enter bankruptcy and folded. So exchanges are trying to avoid such mistakes so that they can run a long journey.
Will the price pass 100k$ next year 2024 for buys to make their gain?
To answer your question from my perspective and from the little experience I got because I have once fallen victim to this during the 2017 bull market.
First I will wait to get a clearer picture of the market direction to ascertain that the trend has changed, and we are heading into another bear market, then I will sell immediately at a small loss to accumulate back at a cheaper price using the DCA strategy.
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