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Author Topic: Who is the people or group of people will buy the btc top ?  (Read 335 times)
Rengga Jati
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February 13, 2021, 09:17:10 PM
 #41

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.


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k@suy
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February 13, 2021, 09:46:12 PM
 #42

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.
Ridwan Fauzi
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February 13, 2021, 10:07:42 PM
 #43

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.
Josefjix
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February 14, 2021, 07:00:20 AM
 #44

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.

R


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February 14, 2021, 10:51:26 PM
 #45

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.

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February 14, 2021, 11:00:28 PM
 #46

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.

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