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Bitcoin => Bitcoin Discussion => Topic started by: OpenCryptoSystem on February 02, 2021, 09:46:22 PM



Title: Who is the people or group of people will buy the btc top ?
Post by: OpenCryptoSystem on February 02, 2021, 09:46:22 PM
Whos the groupf of people or people
So we are gona sell our top ? And for what reason they are going to buy from us ?

First layer investors are  instutions , old bitcoiners old retail and those who started with crypto and btc early they made a alot mistakes and failures they are wise now amd will buy btc now again and will hodle.


But if the btc is. 100k or more whos gona buy it ?
Who we sell it ?
To people who are new in crypto ?

Or pension funds will buy it from us ?


Title: Re: Who is the people or group of people will buy the btc top ?
Post by: tabas on February 02, 2021, 10:02:37 PM
To anyone who's interested to buy in and just decided to buy bitcoin when it's already at the top. You know what, there were people who don't have interest in bitcoin when it was $10k and even when it was $3k. They all thought it's going to zero until it goes back to $20k and then $30k and so on. And they've just bought at the top again, there will always be those kind of people but most likely, it's the institutions that will take everything while they can. They understand bitcoin being scarce.


Title: Re: Who is the people or group of people will buy the btc top ?
Post by: nelson4lov on February 02, 2021, 10:19:57 PM
There's no way we can tell for sure who would buy the top and who would be on the selling side too. In fact, nobody knows what the top is for Bitcoin in this bull market. At the moment, over 95%+ of bitcoin addresses are stil of in profit but that might change some time in the future if people start selling their stash to take out profits -  instead of wondering who would buy the top from us, we should be more concerned with how we can know what the top would be. At least that way, we can sell to a stablecoin and convert back to btc later to end up with more funds in btc value.


Title: Re: Who is the people or group of people will buy the btc top ?
Post by: Dutchyyy on February 02, 2021, 11:28:44 PM
There is no "on the btc top". To have a sale, you must have a buyer. A buyer is a person who thinks that the price is fair.

For example, I bought on a few previous "on the top" as I thought it's worth the investment, the risk, and the money.


Title: Re: Who is the people or group of people will buy the btc top ?
Post by: FlightyPouch on February 02, 2021, 11:34:39 PM
I think even before the bitcoin price hits $100K, there will be a lot of people that own them. I don't think it will just be the investors or the old-time bitcoiners. At that time for sure, there are a lot of people that are using bitcoin not just as an investment but as a way of payment online or even offline if that would be happening.


Title: Re: Who is the people or group of people will buy the btc top ?
Post by: KennyR on February 02, 2021, 11:54:34 PM
With time the network is getting stronger through adoption. This has made more large scale companies to have their participation. Whoever have understood the technology advancement has made themselves part of it. No technology grown company will take a forward step without analysing good about the market. In recent days this has increased much compared to the investment over other assets and properties.

In the past companies always make investment over property and now the concentration have got turned towards cryptocurrency.


Title: Re: Who is the people or group of people will buy the btc top ?
Post by: TravelMug on February 03, 2021, 12:12:35 AM
Who are going to buy bitcoin at the top?

Those investors who think that bitcoin can double its price in the next coming months or years. As the saying goes, for every seller there is a buyer so don't be surprise though. There will always be buyers in some part of the globe, whatever the selling price is.


Title: Re: Who is the people or group of people will buy the btc top ?
Post by: wxa7115 on February 03, 2021, 02:25:35 AM
Who are going to buy bitcoin at the top?

Those investors who think that bitcoin can double its price in the next coming months or years. As the saying goes, for every seller there is a buyer so don't be surprise though. There will always be buyers in some part of the globe, whatever the selling price is.
Exactly, people forget that in order for any transaction to happen there needs to be a person willing to sell thinking the price of the asset he is selling has no way to go up anymore while the one that is buying the same asset thinks this is just the beginning and there is a lot of profit to be had.

It does not matter who was correct the only thing that matters is that both of them agree to make a transaction at the current price, some will take the right decision and earn money some will make a mistake and lose it, that is just the nature of the markets.


Title: Re: Who is the people or group of people will buy the btc top ?
Post by: Darker45 on February 03, 2021, 02:41:37 AM
Who will buy? All kinds of people and institutions. That's not your problem anymore. What is clear is that there will always be buyers. And not just the newcomers. I guess it is easy for us to find a person who's been with Bitcoin for years and years but are still buying Sats until now. I myself was already into Bitcoin almost half a decade ago and yet I am still here trying make as many Bitcoins as possible.

Bitcoin used to be worth $0.01. Like you, someone must have thought then who will buy Bitcoin when it is already $1,000. And then the day came when Bitcoin reached $1,000. Another person must have though who will buy Bitcoin at $10,000. And then it came and another person asked who will buy Bitcoin at $30,000. This will go on and on and on way past $500,000.


Title: Re: Who is the people or group of people will buy the btc top ?
Post by: maxreish on February 03, 2021, 03:10:33 AM
Those people that knows what theyre doing and knows the risks of buying at high price. But they arent that dumb to just buy hastily without even checking charts. I believe they have some reasons and basis if ever they wanted to gain atleast profit by risking to enter long entries. Perhaps a swing trader will do that.

Trading companies will also take the risk of buying at high price, as Ive said they have technical analysis and signals to rely on.


Title: Re: Who is the people or group of people will buy the btc top ?
Post by: nestico14 on February 03, 2021, 03:15:54 AM
Who would have imagined a year ago that the btc would have the value of 33k $? And if you look in the news you will read that MicroStrategy bought a few million dollars in btc at 33k $ on average, the whales have sold to these types of institutions and they buy them because they know that it will continue to increase, if the btc reaches the figure of 100k It will still be sold because it will continue to increase and can reach up to a million dollars in about 10 years. ;D


Title: Re: Who is the people or group of people will buy the btc top ?
Post by: aprilnot on February 03, 2021, 03:30:54 AM
they are new investors. people who are interested in bitcoin increase and want to get the same profit as those who bought it while it was cheap. and these people certainly don't understand crypto, so it is certain that they will lose.


Title: Re: Who is the people or group of people will buy the btc top ?
Post by: torrantz on February 03, 2021, 04:13:18 AM
There's people who uses cryptocurrency for sending money across the world, dealing things in internet such as paying with bitcoin for goods and many more. If the price ever reach that high that means wider mass adoption and the usage of bitcoin as a payment method in various merchants will also increase significantly aswell. By the time $100K reached we wouldn't have to worry about the buy demand or liquidity because otherwise that $100K price point won't be reached. It's not like what people want os BTC price to hit $100K and cash out. Many of them still gonna hold as there's always people who expect higher price point.


Title: Re: Who is the people or group of people will buy the btc top ?
Post by: fr4nkthetank on February 03, 2021, 04:22:25 AM
There is no bitcoin "top".  It will always have more and more buying power over time, as long as it lives on.  Its mathematical my dudes


Title: Re: Who is the people or group of people will buy the btc top ?
Post by: michellee on February 03, 2021, 05:41:17 AM
Whos the groupf of people or people
So we are gona sell our top ? And for what reason they are going to buy from us ?

First layer investors are  instutions , old bitcoiners old retail and those who started with crypto and btc early they made a alot mistakes and failures they are wise now amd will buy btc now again and will hodle.


But if the btc is. 100k or more whos gona buy it ?
Who we sell it ?
To people who are new in crypto ?

Or pension funds will buy it from us ?
People who want to make money from bitcoin will still buy bitcoin, no matter if the price is $100k because the bitcoin price will not be just at $100k. Bitcoin price can increase more than that, so that will attract people to still buying bitcoin. People who have bitcoin will sell their bitcoin, no matter if they are an old player or a new player in the crypto world, because they have the same purpose to make a profit from bitcoin. But for sure, people who have a lot of money already buy bitcoin at the current price because they do not want to be late to have bitcoin before the price increases.


Title: Re: Who is the people or group of people will buy the btc top ?
Post by: Lorence.xD on February 03, 2021, 06:01:37 AM
Who would have imagined a year ago that the btc would have the value of 33k $? And if you look in the news you will read that MicroStrategy bought a few million dollars in btc at 33k $ on average, the whales have sold to these types of institutions and they buy them because they know that it will continue to increase, if the btc reaches the figure of 100k It will still be sold because it will continue to increase and can reach up to a million dollars in about 10 years. ;D
Supposing that will be the case, will we ever reach a stability in prices because as far as bitcoin is concerned, its market is still volatile as ever. I finally understood what OP is saying by reading most of the replies and the quote above, the answer will be the same, people will still buy bitcoin no matter where the prices lands, it is their fault that they are late in the game except of course to those who doesn't really know it.


Title: Re: Who is the people or group of people will buy the btc top ?
Post by: saddampbuh on February 03, 2021, 07:05:03 AM
there is no top it goes up forever, this isnt a bloody ponzi


Title: Re: Who is the people or group of people will buy the btc top ?
Post by: cryptomaniac_xxx on February 03, 2021, 07:30:29 AM
Average joe like you and me, retail investors, institutions, rich people (by rich meaning billionaires). So meaning everyone who is interested to make money in one way or another trading and holding bitcoin. And for those who are selling on top, there could be regrets, as history tells us. Specially, when we hit another all time high after they have sold it. And bitcoin is a global phenomena, and everyone wants to buy and join the hype.


Title: Re: Who is the people or group of people will buy the btc top ?
Post by: Amon1231 on February 04, 2021, 01:14:17 AM
People who are late to know what Bitcoin is and also who lack knowledge in bitcoin, they buy Bitcoin at the top because they think it is a good time to buy Bitcoin.


Title: Re: Who is the people or group of people will buy the btc top ?
Post by: Wenbing on February 04, 2021, 06:20:50 AM
Whos the groupf of people or people
So we are gona sell our top ? And for what reason they are going to buy from us ?

First layer investors are  instutions , old bitcoiners old retail and those who started with crypto and btc early they made a alot mistakes and failures they are wise now amd will buy btc now again and will hodle.


But if the btc is. 100k or more whos gona buy it ?
Who we sell it ?
To people who are new in crypto ?

Or pension funds will buy it from us ?

I see that when the price of btc rise higher, it'll become higher for investors to buy as you know they are seeking for means to minimize risk.

But, the few that'll have such wild risk appetite to buy will become the winners in the long run. I can see that in the future btc will be owned by few powerful people and powerful institutions.


Title: Re: Who is the people or group of people will buy the btc top ?
Post by: maydna on February 04, 2021, 09:55:53 AM
I see that when the price of btc rise higher, it'll become higher for investors to buy as you know they are seeking for means to minimize risk.

But, the few that'll have such wild risk appetite to buy will become the winners in the long run. I can see that in the future btc will be owned by few powerful people and powerful institutions.

If that investor has a lot of money, they will not have a problem buying bitcoin, even if the price is getting higher because I think they already know that bitcoin will be worth buying and hold for a long time. They can accept the high price, and they know the consequences of buying bitcoin at a high price. Some of them will just wait for a while to see the price is down, and if that happens, that will be their best time to buy bitcoin in a big amount.

With the increase of bitcoin prices in the future, I think only a few people who can have bitcoin in a big amount, especially in an early adopter, will be very happy to see they can make a lot of money. In the future, not many of them can have much bitcoin, but they will try to buy from a small fraction of bitcoin and don't sell it if they don't have many bitcoin.


Title: Re: Who is the people or group of people will buy the btc top ?
Post by: shoreno on February 04, 2021, 10:10:23 AM
First layer investors are  instutions , old bitcoiners old retail and those who started with crypto and btc early
you said these people will buy again so they can also be the people that will bought btc once btc reached 100k usd and beyond and they can do that because they can sell most of their btc before the price reach 100k , they can get profit and buy again . to whom they gonna sell it ? to the trading platforms or exchanges of course it can also be sold locally or via p2p  and for sure theres always gonna buy btc in every price it reached . we have billionaires too like elon musk and 100k usd is nothing on them  .


Title: Re: Who is the people or group of people will buy the btc top ?
Post by: blckhawk on February 04, 2021, 10:37:35 AM
You should aware that $100k wouldn't be the peak right because Bitcoin keeps moving upward as time goes by. Therefore there will be people who will buy at that price because they think Bitcoin could grow even more than that. Besides, there will also people who will mistakenly buy at that price because just like we had recently pretty sure there are folks who buy at the $40k mark believing that it would grow at $50, and we could compare that scenario in the future. One thing could also potentially buy on that amount are the daily traders.


Title: Re: Who is the people or group of people will buy the btc top ?
Post by: yazher on February 04, 2021, 10:45:21 AM
Whos the groupf of people or people
So we are gona sell our top ? And for what reason they are going to buy from us ?

First layer investors are  instutions , old bitcoiners old retail and those who started with crypto and btc early they made a alot mistakes and failures they are wise now amd will buy btc now again and will hodle.


But if the btc is. 100k or more whos gona buy it ?
Who we sell it ?
To people who are new in crypto ?

Or pension funds will buy it from us ?

Don't worry about the buyer because from the start of Bitcoin's journey, there were always some buyers even the price reached up to the point where you think it's already at the top. When there are people talking about it and the liquidity is strong in the crypto market, no matter how much the price is, there are always investors who want to purchase it. You don't need to worry about that because until now, you can see in the market how actively the volume is moving.


Title: Re: Who is the people or group of people will buy the btc top ?
Post by: davis196 on February 04, 2021, 12:08:36 PM
When the BTC price hits 100K USD,all the bulls will hype about Bitcoin price reaching 500K or 1M USD.
When the BTC price hits 1M USD,the bulls will be hyping about a possible future price of 5M or 10M USD.
There's no such thing as "the top". There will always be extremely bullish investors,who are preaching and spreading hype and wishful thinking about the future Bitcoin price.
Any financial asset can cost the highest possible price a person or company is willing to pay,in order to have that asset.I believe that there will be enough BTC buyers,even if the price hits 1 million dollars.


Title: Re: Who is the people or group of people will buy the btc top ?
Post by: Shasha80 on February 04, 2021, 12:30:08 PM
In my opinion, those who will buy Bitcoin at top prices are newbies and greedy people, I still understand that newbies buy Bitcoin at top prices
because they don't have knowledge of Bitcoin investment. But greedy people who want to get instant profit from Bitcoin, usually become FOMO
for fear of losing the opportunity to generate large profits. It was really something that ended up hurting themselves. So, my advice is that if you
want to become successful investors, you must be able to control your emotions when trading. Don't let greed get over us.


Title: Re: Who is the people or group of people will buy the btc top ?
Post by: finaleshot2016 on February 04, 2021, 12:56:31 PM
Of course, those people who don't have any idea about bitcoin that's why they're investing when they're in the mood to invest.

Prolly, this kind of people is the one who does have a lot of money and already earning profit in other things. Don't expect too much from other people that will have the same interest in you, so maybe they're late to realize that investing in bitcoin is a good thing.


Title: Re: Who is the people or group of people will buy the btc top ?
Post by: OpenCryptoSystem on February 04, 2021, 01:01:12 PM
Maybe the dark market buyers.? They have no option but to buy with any price btc.
So before the crash market goes little down to sell for those who think its a dip.


Title: Re: Who is the people or group of people will buy the btc top ?
Post by: DarkDays on February 04, 2021, 01:01:26 PM
There are a lot of people who for the fear of not losing out buy in when the trend is upwards. This goes for any coin not just BTC btw. Of course, this does not exclude the people who are new to trading and in general do guess work. You also have some people who strategies to do so just to push for another wave, that as you can deduce can sometimes go the wrong way. Hence, a larger group plus large capital would likely be more successful


Title: Re: Who is the people or group of people will buy the btc top ?
Post by: Mpamaegbu on February 04, 2021, 01:18:34 PM
There's no way anyone will know where the top will be. Trading is highly speculative in nature and as such everyone takes the liberty of having an opinion on where the market will go. Only traders who depend on leading indicators and trend line may be led to sell off at those points of Resistance and then wait to rebuy after those critical points are crossed. These traders may be lucky to escape it but not that they actually knew it would be a point of crash or return before time. But of course, there are people who will buy for others to sell. There were those who got trapped like that in 2017 at the last Bitcoin ATH. We are also going to have such people again at a fresh ATH. It's mandatory.


Title: Re: Who is the people or group of people will buy the btc top ?
Post by: wxa7115 on February 10, 2021, 05:56:15 PM
Who will buy? All kinds of people and institutions. That's not your problem anymore. What is clear is that there will always be buyers. And not just the newcomers. I guess it is easy for us to find a person who's been with Bitcoin for years and years but are still buying Sats until now. I myself was already into Bitcoin almost half a decade ago and yet I am still here trying make as many Bitcoins as possible.

Bitcoin used to be worth $0.01. Like you, someone must have thought then who will buy Bitcoin when it is already $1,000. And then the day came when Bitcoin reached $1,000. Another person must have though who will buy Bitcoin at $10,000. And then it came and another person asked who will buy Bitcoin at $30,000. This will go on and on and on way past $500,000.
This is a classic case of recency bias, people think that just because the price of something was low some time ago no one is going to be willing to pay more than what it was worth back then and that is without a doubt a mistake.

The price of something is based on the supply and demand, and even if the supply of bitcoin remains the same the size of it in exchanges is going down and down while the desire of people to keep buying bitcoin is only going to grow now and this can only mean one thing and that is that historically the price of bitcoin cannot do anything other than to going up.


Title: Re: Who is the people or group of people will buy the btc top ?
Post by: Darker45 on February 11, 2021, 01:00:45 AM
~snip~
This is a classic case of recency bias, people think that just because the price of something was low some time ago no one is going to be willing to pay more than what it was worth back then and that is without a doubt a mistake.

Aside from that, there is the fact that people buy stuff which they are fully aware will become very cheap or even worthless someday. Such awareness doesn't deter them from buying those. If people do that, how much more to stuff which will become more expensive someday? One of those is Bitcoin.

Quote
The price of something is based on the supply and demand, and even if the supply of bitcoin remains the same the size of it in exchanges is going down and down while the desire of people to keep buying bitcoin is only going to grow now and this can only mean one thing and that is that historically the price of bitcoin cannot do anything other than to going up.

Bitcoin's demand is rising. The supply is dwindling. That's a perfect formula for value appreciation.


Title: Re: Who is the people or group of people will buy the btc top ?
Post by: GeorgeJohn on February 11, 2021, 08:11:26 AM
People who are late to know what Bitcoin is and also who lack knowledge in bitcoin, they buy Bitcoin at the top because they think it is a good time to buy Bitcoin.
See no time you buy bitcoin that's wrong, it depends if you want to hold or not, because bitcoin always increase, because bitcoin you buy at higher rate might go up again within  interval of months or weeks because no one control it's increment and decrement of btc, so we really have to understand such concept, because waiting for bitcoin to come down before purchasing, I think is base on personal determination, because it can keep on going up while waiting for it's decrease.


Title: Re: Who is the people or group of people will buy the btc top ?
Post by: pixie85 on February 12, 2021, 08:03:04 PM
So we are gona sell our top ? And for what reason they are going to buy from us ?

The top is something relative. For some people the top was 20 thousand and yes it was the short term top but in the big picture it was not the top.

People who buy at 100 thousand don't see it as a long term top. Some will not see it as a short term top and it can really not be a short term top! Who's there to say that a top has  to be a round number?


Title: Re: Who is the people or group of people will buy the btc top ?
Post by: matjas on February 13, 2021, 09:16:12 AM
I wouldnt worry about that, the higher BTC gets, FOMO will get stronger, that's just a natural way how our mentality works. And who says early investors and long time holders wont stock up more. If that wouldnt be the case, whole stock market would be static and by then, BTC will get even more accessible.


Title: Re: Who is the people or group of people will buy the btc top ?
Post by: doctor877 on February 13, 2021, 03:23:11 PM
buying the top is what anyone can do, no one knows the top and our time of convinction is different which will determine when each person buys either at 3k or 30k what matters is your purpose of buying and how long you would hold. many people have heard of bitcoin for so long and didnt buy untill the price moved higher and now decided to join. such person might be referred to as top buyer but not true. also some people waited to buy low till it got to this point. so i can say your top is your selling price and not your entry price.


Title: Re: Who is the people or group of people will buy the btc top ?
Post by: XCANA on February 13, 2021, 03:34:17 PM
<snip>
But if the btc is. 100k or more whos gona buy it ?
Those who want their investment #SAFU for their future. Also, those who have seen and believe what Bitcoin can do or has done to those who bought at early stage of it growth.
Quote
Who we sell it ?
Those with minimal knowledge about Bitcoin potential, also, those who have succeed in making huge profit from their long-term holdings, they will sell part and keep part for future.
Quote
To people who are new in crypto ?
Yes, that's right.
Quote
Or pension funds will buy it from us ?
Definitely, some will buy why some won't.


Title: Re: Who is the people or group of people will buy the btc top ?
Post by: tinopener on February 13, 2021, 04:34:10 PM
I'd say two main types of buy:

(1) FOMO - new buyers trying to hitch a ride on the rocket.

(2) Cost Averagers. Institutions or sensible retail investors who simply buy on a fixed periodic basis to iron out the bumps (they obviously assume that Bitcoin will go up in the long term)

The FOMO guys would probably be better off being Cost Averagers though.


Title: Re: Who is the people or group of people will buy the btc top ?
Post by: Fesatmas on February 13, 2021, 04:35:59 PM
You should aware that $100k wouldn't be the peak right because Bitcoin keeps moving upward as time goes by. Therefore there will be people who will buy at that price because they think Bitcoin could grow even more than that. Besides, there will also people who will mistakenly buy at that price because just like we had recently pretty sure there are folks who buy at the $40k mark believing that it would grow at $50, and we could compare that scenario in the future. One thing could also potentially buy on that amount are the daily traders.

for bitcoin I'm sure how much it costs, even if it's over $ 100,000 someone will definitely buy it, because buying at any price we have bitcoin will always make a profit. from year to year the price will be higher, the scarcity of bitcoin will make it expensive. so anyone can buy it even with a capital of $ 20. bitcoin will not force you to buy with 1 bitcoin, but with $ 20, we can have it.


Title: Re: Who is the people or group of people will buy the btc top ?
Post by: ene1980 on February 13, 2021, 09:04:37 PM
But if the btc is. 100k or more whos gona buy it ?
Who we sell it ?
To people who are new in crypto ?

Or pension funds will buy it from us ?
If the price rises to hundred thousand dollars and if there are users willing to purchase then the price will continue stay at those valuation. Do you really care about to whom you are selling your coins in an exchange and why all of a sudden you are curious about who is purchasing when the price touches the all time high valuation. The exchange does have the data on who are purchasing the coins and until they produce the data you can only speculate.


Title: Re: Who is the people or group of people will buy the btc top ?
Post by: Rengga Jati on February 13, 2021, 09:17:10 PM
The price of BTC will not increase so suddenly at (for example) $100k, it must be by process and steps.
For example, some days ago BTC can reach its ATH at about $48k. Before reaching that rate, the price rises step by step. And the people who are buying them are those who are concerning about Bitcoin, there is a demand on the market in which nobody knows who are the buyers because they are anonymous. One of them may be me, you, or other people right here. People will buy the reasonable price of Bitcoin. But if you set $100k of the Bitcoin price right now (while the market price is still around $47), there will be no buyer that will buy the rate of $100k.


Title: Re: Who is the people or group of people will buy the btc top ?
Post by: k@suy on February 13, 2021, 09:46:12 PM
We specifically don't know who they are but one thing for sure 95% will institutions they are the majority of the people who can afford to buy it and only the less individual can have that much money, investors didn't care too much as long as they are too much interested in a certain stocks or coins, they are patient and waiting for the right time to sell so if bitcoin might go as high as $100,000 they are the ones who can buy it, But they cannot accumulate more.


Title: Re: Who is the people or group of people will buy the btc top ?
Post by: Ridwan Fauzi on February 13, 2021, 10:07:42 PM
First of all, you have to know they buy (retail investor/instutional investor) only have one reason they should make money and increase their investment portofolio. They will not buy bitcoin because they love bitcoin and collecting it never have any intention to sell it in the future, yeah there will not be any people who do that.

So as although bitcoin price is getting high as you said $100.000 and more than that there will still meny people who will buy it and there will be many people who will sell it although they hold bitcoin at $3500, they will certainly sell it. Also, there is no limitation for those people who will buy bitcoin, they still have a chance to buy bitcoin with $50 although its price is $100.000.


Title: Re: Who is the people or group of people will buy the btc top ?
Post by: Josefjix on February 14, 2021, 07:00:20 AM
There are no specific people who do so, bitcoin is needed for different reasons whatever reason you need it for at that point in time where your consideration of "top" is you're likely going to be considered as a person who buys bitcoin at the top. It is a simple logic, there are people who think buying now before it hits $100k is very idealistic. I bought a few some fractions of bitcoin yesterday when it was around $47k, I'm likely among people who bought the top yesterday.


Title: Re: Who is the people or group of people will buy the btc top ?
Post by: Yatsan on February 14, 2021, 10:51:26 PM
I don't know exactly who were those kind of people to buy Bitcoin while it is on the peak price or while it is currently on the top for many people will surely want to buy at a cheaper one because it is much more affordable and since we are aiming to earn profit from waiting and holding it for a while until Bitcoin rises once again. As for ordinary people cannot afford doing such risky buying while it is on the top, maybe big institutions or investors will do such thing since they are capable to afford such expensive spending that normal people cannot certainly do. But surely they have valid reasonings for doing such which we certainly do not exactly know but maybe buying Bitcoin while it is on the top now it a perception of better buying on the current and believing it could rise even higher on the upcoming days, weeks, months or years.


Title: Re: Who is the people or group of people will buy the btc top ?
Post by: ReiMomo on February 14, 2021, 11:00:28 PM
For sure those people who already heard that bitcoin is profitable in investing but the fact, they don't even understand what is bitcoin and how is the right time to invest. This kind of people mostly jump in when they saw bitcoin was in a pick situation, and they don't believe when bitcoin has suffered the price that almost hit the bottom price.

I guess also those big institutions, as we see that recently there are too many institutional investors who invested a lot of bitcoin, just like Elon Musk, even before he doesn't believe bitcoin but now he inspired most and accept even on his own company.