Topic: Who Buys Bitcoin When The Price is 100k$? - page 4. (Read 1261 times)
OP whether you like it or not, there are people who would still buy bitcoin. I believe you know that organizations that accept bitcoin as a means of payment are still in existence. So therefore irrespective of the price action on bitcoin market, they would still accept it for business to keep striving. I predict it to go beyond that price in the nearest future and in that case, it would be much expensive and worth holding.
even though the Bitcoin price will reach $100k later, and it looks very high at the moment, it is still too big for Bitcoin to have a buyer. we really can't conclude at this time, because we don't know how things were at that time. however, thinking that the bitcoin price could reach $100k, means that at that time, bitcoin was really popular, and the potential is still very big, so I feel that there is still a lot of interest for bitcoin at that time.
After all, this isn't the first time something like this has happened either, when bitcoin prices were still in the hundreds of dollars, there was a lot of FUD or even disbelief for bitcoin to reach prices above $10k. however, when the bitcoin price reaches that price, the potential for bitcoin still has a bigger push to the price above it. we don't know what kind of potential Bitcoin brings when the price has reached $100k.
After all, this isn't the first time something like this has happened either, when bitcoin prices were still in the hundreds of dollars, there was a lot of FUD or even disbelief for bitcoin to reach prices above $10k. however, when the bitcoin price reaches that price, the potential for bitcoin still has a bigger push to the price above it. we don't know what kind of potential Bitcoin brings when the price has reached $100k.
Well I am not arguing with anyone on the said amount. But when Bitcoin will finally reach the said amount of $100,000, it will take time before Bitcoin will penetrate to $200,000. And anyone who buys Bitcoin at the time of $100,000 have to wait for Bitcoin to climb up to $100+ for them to have their gain. And it is only individual can wait for that and not companies because companies pay workers.
Even from the op I was only asking that if such happened, who will buy because exchange might not have the interest base what happened to some the exchange last year.
Even from the op I was only asking that if such happened, who will buy because exchange might not have the interest base what happened to some the exchange last year.
There are lots of buyers at every price. It's not clear what you are asking. Why do you think suddenly the market will stop operating at $100k? $100k is no different than any other price.
Or are you just talking about the four year market cycle? I mean yes probably in late 2025 the current market cycle will end and there will be another crash and the price will drop from wherever over $100k it is to back well under $100k. But that's every four years. We all know the market cycle. There's nothing about $100k that separates it from any other price. People, companies, whoever will be buying at $100k the same way they have bought at every price level.
100k is still considered cheap by many Bitcoiners on this forum. Because they all see a future of Bitcoin being worth millions, and they have good reason to believe that. I also believe that Bitcoin will be worth a lot more than 100k USD someday.
You could have asked this question at any time in the past when Bitcoin prices were in the 4-digit or even lower, people would have said 30k Bitcoin? Impossible. Who would buy Bitcoin at 30k? But we had Bitcoin at higher than that. At 60k.
So its all a matter of how you value the potential of Bitcoin. I would have no problem buying Bitcoin at 100k. Although I would prefer buying it cheaper, while I can.
You could have asked this question at any time in the past when Bitcoin prices were in the 4-digit or even lower, people would have said 30k Bitcoin? Impossible. Who would buy Bitcoin at 30k? But we had Bitcoin at higher than that. At 60k.
So its all a matter of how you value the potential of Bitcoin. I would have no problem buying Bitcoin at 100k. Although I would prefer buying it cheaper, while I can.
yeah for real. Like I don't even plan to use much of my bitcoin until it gets at least to like the mid-6 figures. $100k is nothing. $100k is for short term investors. When I think about the point at which I want to be spending my bitcoin I'm thinking about like 20 years from now when I can buy a car for a couple hundreds of a bitcoin. I'd say a million dollar price is like the START of bitcoin being a mature widely adopted money. $100k is still VERY early. $500k is decently early. $1 million is fairly mature but with lots of room for long term growth (by that time probably growing more like a strong traditional investment ie 10%-20% a year growth.
Well I am not arguing with anyone on the said amount. But when Bitcoin will finally reach the said amount of $100,000, it will take time before Bitcoin will penetrate to $200,000. And anyone who buys Bitcoin at the time of $100,000 have to wait for Bitcoin to climb up to $100+ for them to have their gain. And it is only individual can wait for that and not companies because companies pay workers.
Even from the op I was only asking that if such happened, who will buy because exchange might not have the interest base what happened to some the exchange last year.
Even from the op I was only asking that if such happened, who will buy because exchange might not have the interest base what happened to some the exchange last year.
I guess this was also asked some years ago. Most people that bought bitcoin at $1 sold their holdings earlier because who will buy bitcoin at $100?
Fast-forward, bitcoin is now at $30k and it even reached $67k 2 years ago. Bitcoin is also expected to reach $100k either next year or the year 2025. And I believe its growth will continue over the years. Decentralization, blockchain, and borderless transactions without the need from 3rd party companies will always have high demand.
People will continue to buy bitcoin no matter how high its value is. Personally, I will continue to use bitcoin as much as possible, especially when it is more convenient.
Fast-forward, bitcoin is now at $30k and it even reached $67k 2 years ago. Bitcoin is also expected to reach $100k either next year or the year 2025. And I believe its growth will continue over the years. Decentralization, blockchain, and borderless transactions without the need from 3rd party companies will always have high demand.
People will continue to buy bitcoin no matter how high its value is. Personally, I will continue to use bitcoin as much as possible, especially when it is more convenient.
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I think I can relate to what you mean, because years back when the price was low as 10k people were skeptical as they are now in buying when the price actually reach 30k or even 20k but look at where we are today people are still buying even when the price finally reached 30k so like you said same feat will happen when the price climbs to 100k maybe by that time people will guessing to see the price climb to 150k so buying at 100k will be a normal thing then.
If Bitcoin gets to $100k any day, I think some people will be regretting why they never bought it in the early days when it was cheap because right now, they might not even consider it that cheap; they are still daydreaming for it to go back to $10k or $6k before they can buy Bitcoin. Only when the price goes up will they realize that buying at $30k was cheap. You know, @DaNNy001, there were people who even bought Bitcoin at $60k in 2021, and some of them that bought at that high price are still holding it till now, although some sold too because of the pressure of the volatility, but Bitcoin investment is just about patience.
Cheer 🥂, Dr.Bitcoin_strange👺👺
When you buy Bitcoin hen the price is 100k$ 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?
How can you tell that the price can not exceed $100k? You can't know that for sure. Five years ago, no one would believe that the price of BTC can touch $40k, but it did and even exceeded it. So, you saying that those who will buy at $100k will be making a mistake might be wrong, anything can happen.
Wouldn't you be surprised to find that at a certain stage, bitcoin continues to rise despite feeling high all the time? By contrast, since the recession hit, it's dropped to a price below $20,000. If you hope to buy bitcoin at a really low price and then remember that it will go up, you are wrong. Bitcoin does not surpass the price of 69k; do not expect it to reach 100k. If it does not reach the price of 100k, it is far from 200k. Also, I see a lot of people buying and selling based on emotion, or more accurately, expecting it to rise, not because of analysis. When introduced to bitcoin or another cryptocurrency, there are usually a lot of people who are concerned about "What if everyone knows it?" I don't worry about this too much, even if everyone knows it only 20% of the time. It's doing it, and only a few do it well. Buying a board under a rigid, standardized system is a long and difficult process, even more arduous than creating an effective investment system.
100k is still considered cheap by many Bitcoiners on this forum. Because they all see a future of Bitcoin being worth millions, and they have good reason to believe that. I also believe that Bitcoin will be worth a lot more than 100k USD someday.
You could have asked this question at any time in the past when Bitcoin prices were in the 4-digit or even lower, people would have said 30k Bitcoin? Impossible. Who would buy Bitcoin at 30k? But we had Bitcoin at higher than that. At 60k.
So its all a matter of how you value the potential of Bitcoin. I would have no problem buying Bitcoin at 100k. Although I would prefer buying it cheaper, while I can.
You could have asked this question at any time in the past when Bitcoin prices were in the 4-digit or even lower, people would have said 30k Bitcoin? Impossible. Who would buy Bitcoin at 30k? But we had Bitcoin at higher than that. At 60k.
So its all a matter of how you value the potential of Bitcoin. I would have no problem buying Bitcoin at 100k. Although I would prefer buying it cheaper, while I can.
Traders actively buying and selling bitcoin depends on how does they take some actions with it some people want to make a market circulation profit for short term of trading just to get profit every market price movement, some people currently waiting for the next price movement action of the bitcoin so they will grab the chance and opportunity to buy in the dip. For sure people are accumulating right now as much as they can and the whales will make an action once the halving incoming right up again this 2024.
$1M is like a dream of many and way back a decade ago, thinking of bitcoin reaching $100 is like thinking of bitcoin to $1M at these moments. No matter what will be the price of bitcoin, there will always be the demand that will be made by institutions and retailers.
When Bitcoin was launched in 2009, its price was almost zero USD and it can be mined on simple laptop. Did anyone thought at that time that this piece of code will ever hit 67k$ in just a matter of decade. If Bitcoin can go from zero to 67k$ in just a matter of decade then who knows what will price of bitcoin in coming decade.
People will still buy more and keep because bitcoin had many highs it can attain after getting to $100,000 and it's value will keep increasing with no limit to how far it can rise or go beyond this range
Bitcoin HODLing for long term is the best strategy one can adopt to get profit. Its best to accumulate bitcoin right now if your target price is 100k. Its of less benefit to gather bitcoin when price is high.
While it is very challenging to predict future price of Bitcoin, however given the historical price trends and prevailing situation in crypto market, we can Imagin that next halving, which is scheduled in in mid of year 2024, can possibly create bullish sentiment in the market due to reduced block reward for miners, resulting in reduced supply of Bitcoins. This scarcity of supply can potentially trigger price of Bitcoin to $100,000. Please note that this is a speculative projection and should be approached with caution.
Benefit of bitcoin or other stocks are greater and as compared to gold they gives quick benefit but in my opinion gold is more safe than any other assets.
Bitcoin doesn't guarantees that it will be profitable or will exist in nature because it is volatile. Other thing about bitcoin and gold is that gold can be used everywhere whereas bitcoin cannot be used everywhere all the time.
There will be a fear about losing money in Bitcoin because we don't know when the price will up and when it will goes down as price fluctuates in a matter of seconds whereas in gold the price become constant for longer period of time so taking benefit from it is easy and possible.
The price of Bitcoin crossed $31,000 today, the highest price for Bitcoin this year. Since 31 thousand is the highest price of bitcoin this year then why people are buying bitcoin during 31 thousand. If we think in this way that Bitcoin will not grow after reaching the maximum price then the market will never survive. Just as you might think that Bitcoin's value may not increase after reaching $100,000, you may think that Bitcoin's value may increase further after reaching $100,000. That is, the way we think our mind will go. Many people will buy bitcoin after it reaches $100,000, and if the price of bitcoin ever reaches $200,000, the amount of bitcoin that is being bought and sold now, I think that bitcoin will be bought and sold at that time.
When you buy Bitcoin hen the price is 100k$ 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.
It should be noted that Bitcoin will never reach the point where there will have no buyers. If no buyer is found after $100K, then remember that Bitcoin will not be able to rise to $100K. The price of Bitcoin will be $100K when the price of Bitcoin becomes more than $100K. Bitcoin is currently priced at $30K and is increasing slowly in price. Keep in mind that Bitcoin is unregulated and cannot increase or decrease in price artificially.Or you buy at that time and thinking that it will go up to 200k$ 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.
Overall the market moves at its own pace. However, global economic conditions and business and political factors can affect the price of Bitcoin. As some are predicting that Bitcoin may reach 1 million in the next few years, the price of $100K will not be so high at that moment. An investor's main goal is to make a profit. If he is likely to make more profit than the price at which he buys, he will definitely consider buying at a higher price.
As an investor you should no that's market will not always be rossy all the time, that market moves against your entry point doesn't mean it will not come back or even move higher. It just like a friend that invested on Bitcoin when it was $28k and the the next day the market drop to $26k but he was very confident knowing the potential of Bitcoin that it will surely bounce back even go higher, it was not up to a week Bitcoin move back $28k even break to $30k so he collected his profits. That's how market works because if you always expect the market to always move according to your wish you might end up having heart attack.
The profit he accumulated was also too fast and too little if he didn't buy a lot, because today Bitcoin has passed the price of $31K which is much better for people who have bought at $28K. It looks like the market will continue to improve although not necessarily to one's liking, as a gradual increase is also good to watch and any investor will always enjoy this quite happily.
But those who are easier to sell in the short term when they see a little profit, I think it's not investors, but just ordinary traders who often take profits of any size. And that is of course very different from investors who prefer to take more profits in the long term.
When you buy Bitcoin hen the price is 100k$ 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?
That's somewhat true, but my friend I'm pretty sure that Bitcoin's price will far exceed the $100k price mark. Those people who invest in Bitcoin when it's price is at $100k will have to hold their investment if out of sudden the market crashes and the value of Bitcoin dumps. The good companies know the volatility of Bitcoin, and they only invest in Bitcoin the money that they don't need for more than 4 years.
The newbie investors who invest in Bitcoin when its price is at peak will have to know a fact that Bitcoin can dump anytime from its all time high, and they should study the market properly before investing their money into Bitcoin. However, I must say that the ones who believe in Bitcoin will never get panic if the value of Bitcoin drops to $50k after reaching $100k because they know that Bitcoin can again crosses that $100k price mark, and it can even reach $1 million or more in price after a decade or two.
When you buy Bitcoin hen the price is 100k$ 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?
As an investor you should no that market will not always be rossy all the time, that a market moves against your entry point doesn't mean it will not come back or even move higher since is Bitcoin, It just like a friend of mine that invested on Bitcoin when it was $28k and the the next day the market drop to $26k but he was very confident knowing the potential of Bitcoin that it will surely bounce back even go higher, it was not up to a week Bitcoin move back $28k even break to $30k so he collected his profits. That's how market works because if you always expect the market to always move according to your wish you might end up having heart attack.
So we are very hopeful Bitcoin will surely break $100k in the near future.
Compared to reality and fiction, it is fair to say that the price push is all rooted in the belief in the opportunity to make a profit, just like the story of btc, at $5000, will many people expect it?
the fact that it's nearing $70000, I think future stories are all possible in our minds, and the $100000 mark will probably be crossed, and people who buy it are looking for profit opportunities, like nostalgia the current situation and the story believes in the price increase when the market has more positive signs.
Just like history, it will definitely repeat itself like $100k can be the bottom in the near future while people are talking about the next ATH which could be more than $500k. the fact that it's nearing $70000, I think future stories are all possible in our minds, and the $100000 mark will probably be crossed, and people who buy it are looking for profit opportunities, like nostalgia the current situation and the story believes in the price increase when the market has more positive signs.
To you second question that who will buy bitcoin when it will be at 100k? Just like today people are buying at 30k with mindset that price will go beyond that upto 50k. We dont know the definite price target of bitcoin, some say bitcoin will some day be of 1 Million USD or above. It started with zero dollars and has seen ATH of 67k$. We are not sure what lies ahead.
$1M is like a dream of many and way back a decade ago, thinking of bitcoin reaching $100 is like thinking of bitcoin to $1M at these moments. No matter what will be the price of bitcoin, there will always be the demand that will be made by institutions and retailers. When you buy Bitcoin hen the price is 100k$ 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?
As an investor you should no that's market will not always be rossy all the time, that market moves against your entry point doesn't mean it will not come back or even move higher. It just like a friend that invested on Bitcoin when it was $28k and the the next day the market drop to $26k but he was very confident knowing the potential of Bitcoin that it will surely bounce back even go higher, it was not up to a week Bitcoin move back $28k even break to $30k so he collected his profits. That's how market works because if you always expect the market to always move according to your wish you might end up having heart attack.
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