maydna
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February 04, 2021, 09:55:53 AM |
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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.
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shoreno
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February 04, 2021, 10:10:23 AM |
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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 .
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blckhawk
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February 04, 2021, 10:37:35 AM |
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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.
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yazher
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February 04, 2021, 10:45:21 AM |
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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.
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davis196
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February 04, 2021, 12:08:36 PM |
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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.
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Shasha80
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February 04, 2021, 12:30:08 PM |
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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.
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finaleshot2016
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February 04, 2021, 12:56:31 PM |
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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.
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OpenCryptoSystem (OP)
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February 04, 2021, 01:01:12 PM |
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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.
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DarkDays
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February 04, 2021, 01:01:26 PM |
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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
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Mpamaegbu
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February 04, 2021, 01:18:34 PM |
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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.
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wxa7115
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February 10, 2021, 05:56:15 PM |
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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.
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Darker45
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February 11, 2021, 01:00:45 AM |
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~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. 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.
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GeorgeJohn
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February 11, 2021, 08:11:26 AM |
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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.
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pixie85
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February 12, 2021, 08:03:04 PM |
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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?
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matjas
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February 13, 2021, 09:16:12 AM |
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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.
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doctor877
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February 13, 2021, 03:23:11 PM |
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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.
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XCANA
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February 13, 2021, 03:34:17 PM |
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<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. 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. To people who are new in crypto ?
Yes, that's right. Or pension funds will buy it from us ?
Definitely, some will buy why some won't.
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tinopener
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February 13, 2021, 04:34:10 PM |
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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.
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Fesatmas
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February 13, 2021, 04:35:59 PM |
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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.
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ene1980
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February 13, 2021, 09:04:37 PM |
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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.
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