Who Buys Bitcoin When The Price is 100k$? - page 7.

YUriy1991

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Quote from: Negotiation on June 27, 2023, 02:02:09 AM

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?

As far as I know, people who invest in Bitcoin think that the price of Bitcoin will go up, there are some people who think that they will not sell their Bitcoin until the price goes up, and on the flip side, there are many people who don't. They believe that the price of Bitcoin will fall further, so they sell it at a low price in a hurry. But most people who already know about Bitcoin always benefit.

The point is like this, in my opinion, not everyone who knows about Bitcoin will definitely be profitable in trading. Now. the reason is that everyone has a different strategy and approach, be it an investor or an institution, because it is clear that there are certain risks ahead, and what has been successful in the past may not necessarily be successful in the future.

Why people always do their calculations when entering the market is nothing but the price can change quickly due to negative market sentiment issues, FUD news, or from influential people for example, tomorrow 29.06.2023, 06:30 UTC — Fed Chair Powell Speech. even though rapid price fluctuations don't always describe the true value of Bitcoin, you know.

CryptoBuds

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Quote from: bayu7adi on June 27, 2023, 06:12:00 PM

In the year 2024, the much-anticipated halving event will take place, and it is believed by many that in 2025, the All-Time High (ATH) will occur. This belief is based on the notion that after the halving, there will be a surge in prices. However, there is no guarantee that this cycle will repeat itself in 2024.

I do not deny this cycle, but I am not going all-in during this phase. Adverse possibilities can still arise at any moment, so I must remain cautious in case Bitcoin fails to reach $100K in 2024.

Some people have thought about this as well, when everyone knows bitcoin will go up in price after the halving and everyone will sell bitcoin, who will buy all bitcoin at that high price? I've been thinking about this too, and I don't want to bet everything on the next halving either.
I mean, bitcoin will still hit $100k, but things are getting too easy, so there will likely be changes to make it more unpredictable and attractive. If we do a small survey on the halving, I believe that 99.9% of investors have high expectations and are very confident that the price will definitely rise. That makes me more cautious than Fomo following the crowd.

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Those who invested and held when Bitcoin's price peaked are now in dire straits. When Bitcoin hit its record high but people were more inclined towards Bitcoin only for investment. But if they didn't know the price of Bitcoin would fall into such a bear market, they would have sold it immediately. But they invested in bitcoin then people thought bitcoin price would reach $100k but it didn't but the market price dumped the price. But according to 2024, if bitcoin is invested now then maximum profit is possible. There is no doubt that Bitcoin will be worth $100k, but when it hits, people will still invest heavily. They will invest and hold for later.When the market rises to $100k, investors will convert their money into Bitcoin and keep it for the future. If the Bitcoin market touches $100k, there will definitely be a next halving at $200k and investors will invest from that position.

suzanne5223

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I'm not sure if there are many companies that accumulate Bitcoin at the ATH price years ago and later sell when the price drop but since there are no companies that file for bankruptcy then, I think the statement is just a prediction of some people.
The only bankrupt company that's into crypto we hear about is the Silicon Valley Bank.
Having said that it is important for institutional investors, companies, or individuals that want to invest in crypto to learn the basics because when the market is in panic is the best time to invest not when there's bullish.

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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.

I think that in a certain way we can compare the $100k to the $1k and $10k: they are all psychological numbers that could stop some people from buying, and many others would be willing to sell. But it's impossible to predict what will happen, back in 2017, when BTC reached $10k for the very first time, in a few weeks was almost at $20k so who knows how many people sold at approx $10k and then, because of the fomo, bought back at $13-15-18k? And then it dropped again to $3,500 so probably many lost money twice.

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Quote from: rby on June 27, 2023, 03:18:50 PM

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

Who Buys Bitcoin When The Price is 100k$?

He who believes that bitcoin will hit $1m will by @$100k.
Ironically, El Salvador did...

Well, not really at $100k, though. But yeah they bought very high, riding on one of the top-waves of that cycle's hype-train.
In a decade these prices will seem very cheap.

As long as Bitcoin offers what it offers now, which is no-where else to be found, there will be demand for Bitcoin. As economies and goverments fail, demand will rise.
But there are also less dramatic reason for Bitcoin to flourish, almost idependently of its market price. One of the latest may be the ARK-protocol. A lightning-network related idea, that yet needs to be fully implemented but will avoid some of the difficulties of Lightning and adding some amazing upside at the same time.
And quite possibly there will be other technical advances, keeping Bitcoin by far in the spot for world-leading-cryptocurrency.

bayu7adi

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In the year 2024, the much-anticipated halving event will take place, and it is believed by many that in 2025, the All-Time High (ATH) will occur. This belief is based on the notion that after the halving, there will be a surge in prices. However, there is no guarantee that this cycle will repeat itself in 2024.

I do not deny this cycle, but I am not going all-in during this phase. Adverse possibilities can still arise at any moment, so I must remain cautious in case Bitcoin fails to reach $100K in 2024.

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As long as bitcoin are traded and use cases exist - that's how long they remain in price. You're worried about volatility - but that's basically what risk is. There will always be people buying above $100k - maybe even over $500k if one day the bitcoin price hits that ATH.

The same question some people may have asked in the early days of bitcoin - who would buy bitcoin above $50k?
But look at the facts - losses and gains are a consequence of the risk you consider, so don't worry too much about it. In any case, bitcoin has a bright future and its real use cases will continue to increase. If one or two companies went bankrupt investing - then maybe they've made a mistake or two.

chigo

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bitcoin has not touched the price of $ 100k, but of the 7 billion people on earth there will always be those who buy bitcoin in any way (buy from exchange or P2P). bitcoin has become one of the most important investment assets in the world, so it doesn't matter what the current price is, people will continue to appear to buy bitcoin (whether they are traders, investors or just curious beginners).

Aikidoka

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I believe that some people, including myself think that Bitcoin's value will increase alot in the coming years. In my opinion it's always worth considering purchasing Bitcoin as there is a good chance of making a profit at some point.

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

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

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.

The Cryptovator

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The logic is quite straightforward: in order to profit from your investment, you need to consider the potential for profits when Bitcoin surpasses $100,000. When this milestone is reached, the price of Bitcoin is expected to become more volatile. This volatility presents an opportunity for you to take advantage of price fluctuations.

Currently, the price of Bitcoin moves in smaller increments, such as $10 or $20. However, once it surpasses $100,000, the price movements are likely to increase to $100 or $200 per step. Consequently, regardless of the price at which you initially purchased Bitcoin, you can still capitalize on the volatility and make gains.

In summary, by recognizing the potential for increased volatility beyond $100,000, you can leverage these larger price fluctuations to your advantage, irrespective of your entry point.

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Quote from: MFahad on June 27, 2023, 02:18:13 PM

I think after many years the price of bitcoin will be 100k$ like that of in previous years where the price was lower as compared to the current price so there will be no issue for buyers to buy bitcoin as the years passes so each and everything enhances in price and go towards more success stage.

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.

Nwada001

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Quote from: franky1 on June 26, 2023, 05:26:03 PM

~snip~

I've been trying so hard to break this down to a level where I could easily understand it, but it still seems very difficult for me to do that.
But if I understood you correctly, you mean the price of Bitcoin is valued based on the amount a miner is willing to spend to mine one Bitcoin. That's to say, if it costs a miner $1000 to successfully mine a bitcoin and get 1 Bitcoin as reward, the bitcoin price can't go above $1000, $1100, or $1500, as the case may be. Unless the miners increase their expectations and the value and amount they are willing to spend on mining, If they decide not to spend more, then the window will always be on their average budget.

If that's correct, then you are typically saying the price limit to which Bitcoin could be sold is based on what the miners decide or what it costs the miners to successfully mine Bitcoin.

rby

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

Who Buys Bitcoin When The Price is 100k$?

He who believes that bitcoin will hit $1m will by @$100k.
Ironically, El Salvador did...

panganib999

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Buyers will be buyers no matter the price point. You have to consider that bitcoin in the past was worth less than a dollar and if you're going to look at bitcoin now at 30k, it's much more justifiable if people were to not buy from this price point, since 30k to 100k is just a mere 3x the price whilst the former is a much larger number if you'll think about it, and yet they still do, people still invest in bitcoin and buy it for reasons. It's just how the market goes and bitcoin will always receive support from people no matter the market situation or the general confidence of people in the cryptocurrency industry. You also have to take into account that beyond people who wanted a quick profit in this industry, there are those who invest in bitcoin to save the valuation of their riches, regardless of how much the price of a bitcoin is, they are still technically buying bitcoin.

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$100,000 is nothing, it’s only just over 3 x from here. You don’t have to own 1BTC remember, you can buy fractions of a bitcoin, it’s about preserving your wealth & avoiding inflation. Bitcoin does a very good job of this, there will be many, many people buying bitcoin in the millions of dollar range, there is no doubt.

famososMuertos

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Fortunately, this limited vision is for a few, no asset stops winning or losing, it is the essential variable.

Depending on the individual, the market will help them earn $0.01 using the traditional decimal system, but if we use BTC, they would have earn 1 Sat.

Connsequently the same idea works for your thoughts of the price in USD, today (Or 2024, etc)

MFahad

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First of all reaching to 100k$ in price bitcoin will take time because now it is more lower than the mentioned price. I think that buying at higher price is not a good idea but instead of buying we have to sell our bitcoin because of our increased profit.

I think after many years the price of bitcoin will be 100k$ like that of in previous years where the price was lower as compared to the current price so there will be no issue for buyers to buy bitcoin as the years passes so each and everything enhances in price and go towards more success stage.

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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?

There would still be short-term gains at that point even if we assume that Bitcoin will be at 100k. We can't even assume that 100k is the tops anyway.
Who knows if 1M is the top price....right? Cheesy

And nah, loser in the business? You gotta be kidding me. If you meant by merchants using crypto, I am pretty sure that even merchants outside crypto aren't "losers" in the business.

If it would be the time that Bitcoin will never exceed more at that point like stabilizing around 105k, then that's the time that it's preferable for trading.

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@op, you possibly do not understand how the price of bitcoin moves or works, in 2017, several people never thought or believed that the price of bitcoin will reach $19,500 from below or a little above $1000 bitcoin began the year with., but in our very faces, bitcoin reached that amount.

In 2021, several people never believed that bitcoin will reach and even go above $65,000, but in our very faces, it happened, now the next target is $100,000, and several persons are not believing it's possible for bitcoin to reach that amount, or like you asked, who will buy bitcoin at such a price, there are many, several people who will gladly buy bitcoin at such a price of $100,000, bitcoin wil reach that about and go above it in due time , so be patient and watch, and if you have the money to invest, then make sure not to miss out.

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