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Author Topic: I think we will see a lot of weak hands at $100K  (Read 591 times)
virtualdn (OP)
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February 21, 2021, 09:37:47 AM
 #1

If BTC will reach $100K of course.

Why?

Because it's a milestone for many.

But not for all.

Don't be weak and give it all to the whales.

Be strong.

1 BTC = 1 BTC
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February 21, 2021, 09:50:32 AM
Merited by vapourminer (1), Oshosondy (1)
 #2

At $100K per BTC, that's a price we would see some serious selling by people that want to take profits. In my opinion, instead of selling or blindly holding at that price levels,  we should be more concerned to know when the overall market sentiment changes from bullish to bearish or if it continues to stay bullish. Since no one can confidently call the top of this bull run, it's better to profits at important levels and then look for an entry lower than you sold. That way, you end up with more. During the last bull run, a lot of people made money on paper but when the bear market came, they went back to square 1 because they were only profitable on paper and didn't take profits when they saw it.

My point? Hold but don't hold blindly. Take profits as time goes.

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February 21, 2021, 09:50:40 AM
 #3

The $100.000 milestone is starting to look way more probable than ever, especially after such rally the past few days. I cannot blame anyone for selling at such prices, due to it being a huge psychological boundary. Myself, have sold at lower prices for the same reason. Tried to recover from my mistakes though and will try to hold as much as possible.

I'm not sure myself either though. I wouldn't be exactly sure if I'd sell or keep my BTC, supposing Bitcoin was to hit $100.000 in a month.

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February 21, 2021, 09:51:42 AM
 #4

a big price pullback is imminent and inevitable, if that's what you mean. Admittedly, we should've went through a much bigger correction before we broke the 60K line, but Elon Musk, being himself, decided he wanted to fuck with the market with this tweets.

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February 21, 2021, 10:16:25 AM
 #5

The $100.000 milestone is starting to look way more probable than ever, especially after such rally the past few days. I cannot blame anyone for selling at such prices, due to it being a huge psychological boundary. Myself, have sold at lower prices for the same reason. Tried to recover from my mistakes though and will try to hold as much as possible.

I'm not sure myself either though. I wouldn't be exactly sure if I'd sell or keep my BTC, supposing Bitcoin was to hit $100.000 in a month.

No one would just buy bitcoin at that price, even a hundred thousand satoshi would be expensive. What I will do is sell half of it or an amount that is equivalent to 2yrs of my salary then wait for a year to see if bitcoin can still go beyond that price. If so, I would not sell it until I retire. Bitcoin has only 21 million supply and every 4 years the difficulty for it to mine a whole gets half so I believe it can still go higher than $100k. It's still early to see that because bitcoin is not that acknowledged yet in many countries.

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February 21, 2021, 10:30:32 AM
 #6

The $100.000 milestone is starting to look way more probable than ever, especially after such rally the past few days. I cannot blame anyone for selling at such prices, due to it being a huge psychological boundary. Myself, have sold at lower prices for the same reason. Tried to recover from my mistakes though and will try to hold as much as possible.

I'm not sure myself either though. I wouldn't be exactly sure if I'd sell or keep my BTC, supposing Bitcoin was to hit $100.000 in a month.

No one would just buy bitcoin at that price, even a hundred thousand satoshi would be expensive. What I will do is sell half of it or an amount that is equivalent to 2yrs of my salary then wait for a year to see if bitcoin can still go beyond that price. If so, I would not sell it until I retire. Bitcoin has only 21 million supply and every 4 years the difficulty for it to mine a whole gets half so I believe it can still go higher than $100k. It's still early to see that because bitcoin is not that acknowledged yet in many countries.

I can agree with that. $100K is too much for 1BTC, we may really be seeing a huge dump when it reached that price.  I will most likely sell my BTC and altcoins too for stablecoin and then wait. It's the price where microstrategy investors will sell for profit. When all these take place, it's best to lay low in crypto and just focus more on my offline business. This is where we wait for the dip that unexpectedly low.



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February 21, 2021, 10:36:13 AM
 #7

Of course there will be buyers at $100k.

Ask anyone 5 years ago if they would buy at $50k, you know what the answer would be.

There will be weak hands at such a massive milestone as $100,000 these will be either people
anticipating a massive pull back and being able to buy that big dip or people who dont believe
Bitcoins price can continue its upward trajectory.

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February 21, 2021, 10:43:19 AM
 #8

I'm not waiting for 100k, I have sold already. Am I missing profit? Probably. It can go a little longer and reach 100k and 200k, however I didn't expect to make ten times my money and I wasn't going to be strong hands that will hold in blood and tears when the price turns negative. I still hold a very small part of the investment but I'm selling very soon. I'm not a holder and not an investor, moreover this kind of talk about weak hands just has the opposite results and means there is little financial literacy from your part. Better go back to your Gamestop investment and feel better belonging to a community of day trader losers.
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February 21, 2021, 10:46:00 AM
 #9

With the start of the week, bitcoin will easily pass $ 60k in my opinion. The $ 50k was the resistance point, and the rest came easy as it broke the 50k. Let's see what is going to happen.

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February 21, 2021, 11:02:04 AM
 #10

We can't blame them, that is a huge profit for a lot of people.

But if we actually reach that price this year, that tells us something. I think people won't just sell their Bitcoin at that time because they knew that it will still reach greater heights. Considering the investments of huge institutions, it could reach further than $100K. And despite people actually selling at that point, I think it will just go back because of its demand.
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February 21, 2021, 11:06:18 AM
 #11

If BTC will reach $100K of course.

Why?

Because it's a milestone for many.

But not for all.

Don't be weak and give it all to the whales.

Be strong.

Obviously $100k is a big numbers for most of us, specially those who enter bitcoin late 2020 and up to this day. So you can't blame them if they push the sell button once we hit that 6 digits in the future. They might regret it though, but it is what it is.

For every seller, there will be a buyer. You might call these sellers weak hands, but that's their decision. But for those who understand what being a holder is, they've probably looking for a higher price triple or even 10x of that $100k price range.

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February 21, 2021, 11:11:39 AM
 #12

Even reaching 100k, we would really able to see some sell offs on 60k for sure.I dont really mind much about 100k for now but for most hodlers
then they are really eyeing for this level and this wont only talking about sell off into those retail traders but also to those big main players
that who had bought 20-40k price for sure. Huge correction? I wont really be that surprised.




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February 21, 2021, 11:23:43 AM
 #13

many of us just sell as needed for some project or timeframe or whatever.. and whatever the price is at that point is what it is. so personally i will sell at levels that make sense to me for my purpose at that time.

otherwise, many have held through several ATHs and the following bear years and if we didnt sell then why would 100k be any different.


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February 21, 2021, 11:25:34 AM
 #14

We have different goals and situations. Some have sold a lot on  $10k and the other consecutive prices. We cant blame them, maybe fate permitted it and they have an circumstances to face.
Sell freely at any amount you want and determine your goal and keep for longer and continuous holding
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February 21, 2021, 11:29:59 AM
 #15

It will happen the same as it did recently when we hit $50k or shortly before when we broke $20k again. A big resistance will form. And in the case of $100k even more so.

When the price hits those round numbers it is hard to beat the ath because so many sell orders are placed at those levels. Then, once the level is beaten, it will cost little to get to $105k for example.

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February 21, 2021, 11:32:08 AM
 #16

If BTC will reach $100K of course.

Why?

Because it's a milestone for many.

But not for all.

Don't be weak and give it all to the whales.

Be strong.

You are thinking way to far. We are not reaching 100K anytime soon and when we will reach 100K, many people will cash out. The reason is that people will sell at 100K and then buy back at 80,000$. Anyways we will talk about this when we are near 100K.

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February 21, 2021, 11:35:57 AM
 #17

We have different goals and situations. Some have sold a lot on  $10k and the other consecutive prices. We cant blame them, maybe fate permitted it and they have an circumstances to face.
Sell freely at any amount you want and determine your goal and keep for longer and continuous holding

of course, everyone of us is facing different situations in life and so decision varies at every price level of bitcoin. definitely you will sell some of your stash if you bought btc at 50k and in the future it will reach 100k level. that's nice return for not doing anything with your funds, just holding.
so whatever we may decide in the future, it is all up to us. no one can accuse you of being weak hands or of that sort, because thats your money. and you have all the privilege to do what you want with your stash

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February 21, 2021, 11:53:32 AM
 #18

I’m convinced the weak hands have already sold, and most even when BTC scored a new ATH and crossed $20k - because they expected the same correction as after the bull run back in 2017. Those who then managed to resist the temptation sold on the way to $30k - and the rest to $50k.

Of course some experienced users who understand the current situation only sell when they need it or when they use BTC to pay for something. For some, it makes no sense to sell at all because they believe that the time will come when payments from BTC will be available everywhere - but still we all wonder when the correction will happen and whether it will be as drastic as in the past.

I think anyone who has a few Bitcoins can apply the tactic to sell a certain percentage at a certain level and then use that money to buy new coins in case of a bigger correction.

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February 21, 2021, 12:04:55 PM
 #19

We saw a lot of "weak" hands at $40K and $50K. I don't thinks it's about weakness. All people hold for different purposes.
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February 21, 2021, 12:13:28 PM
 #20


I can agree with that. $100K is too much for 1BTC, we may really be seeing a huge dump when it reached that price.  


Wasn't $20k too much for bitcoin ? or wasn't $50k too much for bitcoin ?
Yet we are seeing an increasing demand for bitcoin each day. Although even I am sure that we will see a huge sell off when bitcoin reaches $100k but we can't really say it's too much for bitcoin.
You never know may be in a decade it might cross $500k as well. Knowing our targets and buying/selling as per our strategy is the only thing we can do to not regret later.
I believe there should be at least some portion of our bitcoin holdings that we should keep until we retire or to pass it as a legacy.


Just imagine our children saying my dad was so cool. He bought bitcoin at $20k and today the price has reached $500k (or may be beyond that)

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