Who Buys Bitcoin When The Price is 100k$? - page 6.

Nwada001

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Well I guess there would be lees people byuing it. But it still would be there. Like different currencies now

I don't understand what you mean by this. Do you mean there will be a lesser number of people who will be willing to buy Bitcoin at whatever price it might appear to be today?

If that's what you mean, I will have to disagree with you to a certain level. I believe the Bitcoin demand is not calculated based on the price level; demand is one of the things that actually help the Bitcoin price to grow, and as such, when the demand has increased, which will help the price to pump to $100k, the same demand will still have to sustain the price for the main time, and as such, there will be people ready to buy at that same level. It's after some time that I think the price might try to readjust, and only then will I think most people wait to see to what length it will dip before they can go back into the market.

Texac

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Bitcoin is also just a speculative asset and cryptocurrency is a financial market, so there will always be trading in the market and it will never stop. surely everyone on this forum will sell bitcoin when it hits 100k because this is the goal of many people, but besides that, many other people, especially newbies will believe that bitcoin will reach 200k, and they will buy our bitcoins. there will always be positive news creating Fomo waves to make more people have higher faith in bitcoin, and there will always be Fuds to get more people to dump their bitcoins, that's how the market works.

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Quote from: isaac_clarke22 on June 28, 2023, 08:16:35 AM

It's kinda a long shot if we would except Bitcoin to exceed $100k next year although I am not pretending to not see that it is still possible. If Bitcoin going past 60k was even unexpected for me back when Elon Musk was kinda like a hot topic here in the forum.

Again, we might not know in the next 2-3 years on how much can Bitcoin do before, during and after those years.

If Bitcoin breaks $60,000 and makes a new all time high in 2024 or 2025 but fails to reach $100,000, it will in a next halving in 2028 or 2032. I really believe that $100,000 is not a too high and untouchable price for Bitcoin.

It's only time and the challenge for us is will we have enough patience to hold our bitcoin. Will we keep our bitcoin and won't sell it to buy altcoins?

Elon Musk, I don't care about him.

isaac_clarke22

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Quote from: Aikidoka on June 27, 2023, 04:40:05 PM

I don't think it will exceed $100k in the next year to be honest, It may need more time perhaps 2-3 years for Bitcoin's price to reach that peak.

It's kinda a long shot if we would except Bitcoin to exceed $100k next year although I am not pretending to not see that it is still possible. If Bitcoin going past 60k was even unexpected for me back when Elon Musk was kinda like a hot topic here in the forum.

Again, we might not know in the next 2-3 years on how much can Bitcoin do before, during and after those years.

Quote from: leonair on June 28, 2023, 07:54:41 AM

People will buy Bitcoin even after the price of Bitcoin reaches $100k because then Bitcoin will have a target to cross $200k and also investors will buy Bitcoin to invest in various places and gamblers will buy it to gamble. Some will buy for trading and some will buy for some other purpose. and even if the price of Bitcoin exceeds $1 million dollars, no one will stop buying it. Because Bitcoin is an asset whose need will never end. like fiat money. So it's silly to question who will buy Bitcoin once it hits $100k

Surely pre-100k, people would be panic buying at that point already. $100k is a lot here in my country.

leonair

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People will buy Bitcoin even after the price of Bitcoin reaches $100k because then Bitcoin will have a target to cross $200k and also investors will buy Bitcoin to invest in various places and gamblers will buy it to gamble. Some will buy for trading and some will buy for some other purpose. and even if the price of Bitcoin exceeds $1 million dollars, no one will stop buying it. Because Bitcoin is an asset whose need will never end. like fiat money. So it's silly to question who will buy Bitcoin once it hits $100k

fuguebtc

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Quote from: Jawhead999 on June 28, 2023, 06:33:29 AM

The traders will obviously buy it because they're don't really care in which price they buy, as long as their analysis and speculation Bitcoin price will increase higher than the amount they buy, there's no problem for them to buy Bitcoin at $100K.

However investors will keep buy too because some of them use DCA strategy, they're speculate the real Bitcoin price isn't $100K at the highest, $100K is just a milestone and not their goals during they invest in Bitcoin.

Yes, traders will buy bitcoin, they hardly care about its price, what they care about is volatility. As long as there is volatility, they can profit from it. As for investors, it will depend on each person's vision. Those who still believe bitcoin has an upside potential above $100k will still buy bitcoin when it hits that price, or new investors without bitcoin will buy at that price. But in my opinion, it would be unwise if someone buys bitcoin for $100k, it's the right time to take a profit.

MiF

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There are big and small investors even if btc will reach the price of 300k$ there are still investors that can afford to buy it, we have a different status on life even if we think that it is hard to buy on that price but there are still investors that can buy it. Just like what happen on the last bull season when btc rise up to 60k$ there are still buyer that buy it even if that was high already.

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Quote from: Mate2237 on June 26, 2023, 04:45:47 PM

Will the price pass 100k$ next year 2024 for buys to make their gain?

there's nothing that the Bitcoin price will pump up at the price you mentioned. but each holder has their own ambitions and plans as to what Bitcoin price they should trade. because holders probably don't want to regret it when they miss ATH again. everyone is still optimistic about it, but they certainly don't forget to think realistically that the investment they make in Bitcoin may take a longer time frame than what they planned.
for next year, maybe too short. we need more time.

Jawhead999

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The traders will obviously buy it because they're don't really care in which price they buy, as long as their analysis and speculation Bitcoin price will increase higher than the amount they buy, there's no problem for them to buy Bitcoin at $100K.

However investors will keep buy too because some of them use DCA strategy, they're speculate the real Bitcoin price isn't $100K at the highest, $100K is just a milestone and not their goals during they invest in Bitcoin.

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Quote from: Mate2237 on June 26, 2023, 04:45:47 PM

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?

I expect that in the period 2024-2025 the price will reach 100k and possibly even exceed it, but for me it will be a profit-taking period, not a time to buy, the reasons for this seem obvious to me.

I think this is reasonable because there is a perception that the next cycles can increase significantly, so subsequent bear markets can increase significantly. New markets, new technologies are always opened with great volatility, but over time, when liquidity and volumes increase, volatility decreases. I'm not sure if this will happen in the next cycle, but I'm guessing it's can happen in the future, maybe in the near future.

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Quote from: davis196 on June 28, 2023, 02:26:20 AM

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Anyway, I'm one of the people, who think that Bitcoin would never reach 100K. Even the biggest price pump in Bitcoin's history won't push the price above 70-80K USD.

Why are you so pessimistic about the future of bitcoin? You are not one of those people, you are the only one I see who has no faith in bitcoin hitting $100k while we are so close to it. On the contrary, I think it is not too difficult for bitcoin to hit $100k and even $150k or $200k for the next bull season. But when it comes to predicting in a more distant future that bitcoin could hit $1 million, it makes me doubtful. Everything has its limit, and bitcoin is no exception, bitcoin cannot increase in price forever.

MarjorieZimmermanGinger

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Quote from: Mate2237 on June 26, 2023, 04:45:47 PM

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 demand and supply are still happening in the journey of bitcoin, for a price of $ 100k to $ 200k it's not a big problem and it's only a matter of time because we never know for the next few years bitcoin will settle at what price. But when you have been in bitcoin for a long time, then try to study the process of the previous bitcoin journey and at the previous ATH it almost touched $100k, that means the closest price for the next ATH is above $100k and this is an analytical calculation based on every time bitcoin reaches ATH.

The problem is we never know when the price of $ 200k will be seen and I don't think it will happen in the near future, because before the price exceeds $ 200k bitcoin must be at $ 100k. So need to look at things more rationally and is the closest support bitcoin can afford to break and not have to worry about who's going to buy bitcoin when it hits $100k or $200k.

BRINIRHA

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I personally might not dare to buy when the price has reached 100k. But instead I will do a gradual sale from that level. And in 2024 I don't think bitcoin will touch that number. realistically maybe $60k is still possible. And usually after the Bitcoin Halving occurs, it takes about 1 year for Bitcoin to get its new ATH. Well maybe at that time 100k can be reached. but after that maybe the price will slowly fall back to 60k .and back and forth there. and maybe it will exceed 100k after the 2028 halving. And at that time I think there will be many who will dare to buy at that price. because the next goal may be far above 100k. Even 10 years ago, no one would have dared to pay the current price. but now people think buying at current level is normal.

davis196

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Quote from: Mate2237 on June 26, 2023, 04:45:47 PM

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?

I guess that two types of traders would buy at 100K USD.
1.The people, who believe that the price would go to 150-200K or a million USD. Grin

I'm sure that there will be such investors, when BTC hits 100K. Maybe most of them will lose their money.
2.The traders, who want to do shorting and benefit from a price drop, A.K.A "the bears" on the market. It would be nice if they short their BTC at 100K and sell the BTC at 100k when the Bitcoin price had dropped down to 50K or lower. This is still a pretty nice profit.
Anyway, I'm one of the people, who think that Bitcoin would never reach 100K. Even the biggest price pump in Bitcoin's history won't push the price above 70-80K USD.

hZti

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Somehow its a silly discussion that still goes on for pages and pages. It is the same with any asset. People will buy it if they see a use in it. A use could be that you want to send bitcoin to somebody and buy it therefore and it could also be that you want to speculate on rising prices.
In general people 5 years ago would also not understand who would buy bitcoin for 30.000 USD, yet here we are and people consider these prices as cheap.

Mauser

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Quote from: Mate2237 on June 26, 2023, 04:45:47 PM

Will the price pass 100k$ next year 2024 for buys to make their gain?

That is a really good question, because I think that many of the long term Bitcoin holders have set a specific goal in their minds at which they would start thinking about selling their coins. 100,000 USD seems like the first major milestone where some of the older investors who are holding bitcoins for years would consider selling some of their coins. Personally I had planned to sell 10% of my coins when we reach a new ATH above 100k to buy something nice for me and my family. The question is of course, who would buy all these coins then and can the price maintain a such high levels. If all of sudden the exchanges get flooded with sell orders then the price should drop considerably. The only solution would be if the future outlook for Bitcoin is so strong that investors would expect to rise much higher in a short period of time. Then there could be some larger corporations trying to acquire more Bitcoins leading to strong upward pressure in the market.

EarnOnVictor

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There will always be buyers and sellers of Bitcoin.

The $100k price you called might be a stable price by then where the coin might stay for a very long period of time. Just that it would be scary for someone to think anyone could buy and hold Bitcoin at its present price when it was still at about $1.

The feeling is often hesitant but when it's the reality, everyone would accommodate it just as they do now.

Woodie

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I think this is what scares anybody outside the bitcoin circle thinking you have to buy a whole bitcoin when in fact not!!!

If anything with crypto it's based on how much you want, a dollar, $5, $100 you name it it's all about how much you want or can afford...think of this as being a buffet, you can eat whatever you like but only get what you will be able to finish Tongue

So who buys when the price is 100k$?? It's still going to be us, the same way it's priced at $30k or it was priced at $70k we shall still buy but of course is someone wants to buy 10000 bitcoins this person is considered a whale!!

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Quote from: Mate2237 on June 26, 2023, 04:45:47 PM

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?

If you buy at $100k then you have to sell it at a higher price to profit. That's the way to gain from your investment, in addition you need a long patience. But why would you wait for an expensive price to buy if you can do it now while the price is much cheaper?

Quote from: Mate2237 on June 26, 2023, 04:45:47 PM

Will the price pass 100k$ next year 2024 for buys to make their gain?

There's always a possibility to surpass a $100k price. However we can't certainly predict when it might happen so we just need to wait and be firm when it comes to holding.

bettercrypto

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Quote from: Mate2237 on June 26, 2023, 04:45:47 PM

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?

Much is expected of such a Bitcoin price next year. Why do you think all Bitcoin holdings will sell their bitcoin holdings? The answer is probably mostly Yes they will sell. But there are still those who will buy bitcoin even if a Bitcoin is 100k$ or the other holders will still remain in the holding thinking that bitcoin will increase even more than that.

If it happens that the majority of Bitcoin holders including the whale holders will sell, the value of Bitcoin will surely drop again after it reaches 100k$ each, what do you think?

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