Topic: Who Buys Bitcoin When The Price is 100k$? - page 11. (Read 1261 times)

Buyers are people who believe that price will go up more. In contrast, sellers are people who believe that price will be corrected, crashed, fall down. Buyers can be truly investors with strong belief in Bitcoin future and diamond hands but they can also be people who don't understand anything about Bitcoin, don't have good belief in Bitcoin and just are greedy, want to get quick profit.

Because Bitcoin is designed to have its block reward halves in every 210,000 blocks or 4 years till 2140, I believe there will be good number of halvings for FOMO. It is not real reason for Bitcoin price growth that depends more on Bitcoin adoption. With Bitcoin adoption has been increasing latest years, I believe that price will go up more and many people will have similar belief like mine.

There is nothing special about $100k or any other price level, other than that we are used to base 10 so it's a nice psychological milestone. Bitcoin is bought by people who believe that its value will go up or at least won't go down. A few years ago it was unimaginable that Bitcoin will be stable above $20k, because $20k was the peak of 2017 market. Maybe the history will repeat and there will be new highs conquered and secured. Or maybe indeed Bitcoin will reach a maximum and struggle to find more buyers. No one can predict how it will play out.

If its market price is still increasing, then that would be fine. Also, it just sounds expensive 'coz it is 1 bitcoin as a unit, but fact is, you can buy a portion of it. Given that its market value depends on demand and there's limited supply of it, then it is okay to believe that skies the limit for its market value as long as demand is increasing as well. People would buy no matter what price there is as long as it moves. Volatility is the biggest risk for assets of the likes but it is also the biggest advantage over other type of investments. And as a currency, what's more likely to happen if people would be buying Bitcoin at $100k, is for investment purposes and not for payment means.A crash happened last ATH but if we would base on graphs, in particular with annual Bitcoin price movement, such thing is possible. Cycle is  price goes up, be corrected then go up again. Even I, before, never believed its price could be as huge as its ATH, but what happens simply proves how huge the potential is, for this industry.

This is not a thing to be thinking of because I myself has been a living witness even other reputable members also were thinking same but likely look at the bitcoin price today, there were no way anyone would believe we would see bitcoin 69k plus as ATH same thing is applicable to what you are saying. You might be surprised bitcoin will hit to a million dollars have you also considered who then will buy as well but today you are buying bitcoin if you were asked then to buy you might feels that bitcoin won't appreciate in price or makes any changes.

it was from cent, to a dollar, then moves from hundred, then from thousands i believe we may also witness million dollars is just a matter of time and people will keep buying bitcoin. Just take instance of gold, till Generation to come people will still keep buying gold and bitcoin is a digital gold.

It will be hard to know. A lot of people, even the rich ones, stopped buying bitcoin when it peaked @ $68k. Everyone only thought of selling at that point, and the order books then are filled with fat sell orders looking to get out of the market right even before the crash occurs. Unless people see that the market is really pushing and not another fakeout, someone will buy at that price - especially the greedy ones looking to get more. Until that happened, asking this question is pointless as all things point to buying at that price being illogical since there aren't that many people willing to buy at that point.

this is not true
.. there is always a window of value>premium

in 2021 the window was $10k-$75
this is because  for instant the top number is the amount it costs even the most laziest hobby miner in the most expensive region to mine bitcoin. meaning if everyone on the planet can mine for less than $75k no one will want to pay too much
so the market price topped out at about $70k because less and les people were willing to buy until all buyers stopped. so it didnt go higher

in 2022.. the window was $15k-$90k
but most people in the expensive mining cost countries were more interested in sorting out their fiat lives so hardly any people with what would be natural mining costs of over $50k wanted to just buy bitcoin which is why there were no people paying above $50k

its now 2023 and the window is about $23k-$140k
but right now everyone is happily buying cheap and there is not much demand to pressure the price to go up. because there is a excess supply pushing the price down to try to keep it below $32k so far this year. (mostly from whale doing shorts on other markets thus pressuring the spot market to ensure their shorts futures market bets fulfil..)
everyone is happily buying cheap coins that are being held down by whale traders.
but once their contracts ends. then natural trade speculation could push the price up. where $100k is possible this years but anything above $150k would require higher mining costs to warrant people to want to buy at such rates


right now so far this year there is no logical/economical/infrastructural reason anyone would want to pay over $200l becasue anyone/everyone on the planet can mine for sats at the rate of under $140k so no one would want to buy for $1m right now
not unless the underlying mining costs went up by many multiples to equate to a reason a region on the planet find it financially beneficial to buy coin at such a rate rather then mining it

It is possible if we look at the percentage growth of Bitcoin price every cycle.  Though this is still pure speculation since we never know what will happen in the future.  Anything can happen and in the worst case scenario, we might not be seeing Bitcoin breaking its ATH and the bear market duration being extended.  Regardless I wanted to be optimistic about the Bitcoin market and that it will repeat its history of breaking it ATH again this cycle.  So yeah, I am more inclined that the Bitcoin price will pass $100k not next year but in 2025.

If bitcoin has surpassed $100000, it is better not to buy bitcoin again at that time if you do not want your story to be like those that bought bitcoin at $50000 or above in 2020 and 2021. Such people are losing now but bitcoin will rise again. Before bitcoin will get to those prices, it takes years. If you buy at $100000, probably you might later wait for years before you make profit. Do not join the fomo group, buy now when it is not yet late again.

The future of Bitcoin is quite bright, which is why many people will not be scared to buy it at any price because there is always the possibility that it may rise over the price at which they purchased it.

When Bitcoin was first established in 2009, no one expected it to even reach $1000; but, during the previous halving, the price reached $69k, which no one expected; only patent investors gained from the pump.

If Bitcoin halving continues every four years, $100k will not be the benchmark of Bitcoin price because it would undoubtedly rise over that level.

Amidst the price there is demand for bitcoin. So, nothing to worry about the selling of bitcoin at its peak price. When the price was $70k people were selling it and people were buying it. Unlike the price, the trading practice will continue which will let the person have his portfolio undisturbed.

Some people without proper learning about the market make a direct entry at the peak Nd this shouldn't happen, because this will surely affect the person and he needs to hold it for much longer time period to enjoy profit out of the buying or ends up losing.

People will buy BTC even if the price is at $100k dollars because BTC is a currency and not only an investment asset, and they don't have to buy 1BTC for $100k because it will be expensive for a lot of people, but they can buy lower amounts or as much as they can afford.
This is not correct, there's no company that went bankrupt last year because they bought BTC. All the centralized exchanges, lending and earning platforms and crypto companies that went bankrupt in recent events, all collapsed because they operate through a fractional reserve system, that is they use the funds they have for gambling, trading, investments or anything that can make them more money, and if the investment fails, they become insolvent and collapse, and it creates a domino effect because many related companies are also exposed to them.

- People who are fearful. They understand Bitcoin's economic and value proposition, yet, they ignored Bitcoin until they've found themselves with little choice but to enter at 100k or potentially be left behind even further
- People who have no choice. Money in their country is losing purchasing power rapidly, so they must use Bitcoin in order to preserve value.
- People who are losing freedom. Some systems where CBDCs become exclusive and where cash is phased out, will inevitably face tyranny on the rules in which they can use their digital money. Maybe, even have become financially ezcluded. Therefore Bitcoin is their only choice.

Then of course, speculators and investors who believe $100k is just the beginning

There will always be buyers, no matter the price of Bitcoin. Even if Bitcoin is 1 bitcoin to 1 million dollars, people will still buy and hold.
 
You know why; this is as a result of the belief that whatever makes it hit the $100k price will definitely make it climb higher than that. So far as Bitcoin doesn't have a maximum limit to which it can't exceed, we will always have people that will buy and hold at any point in time.
 

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?