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Author Topic: I think we will see a lot of weak hands at $100K  (Read 560 times)
maculeth
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February 21, 2021, 12:18:37 PM
 #21

Don't get me wrong when looking at the market, if it reaches $ 100k it's better not to buy, because we will only be a small part then the price will be dumped. just let it run as it is.

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February 21, 2021, 12:43:40 PM
 #22

More of a psychological level for many, so even strong hands might be selling. I can't really call "weak hands" those who purchased these days and are about to sell at $100k. As long as it's a profit, it's not weak-handed. A strong pullback is to be expected when $100k is going to hit though, simply because it's a number that has never been touched before: 6 digits. Smiley

As other stated before, most of the weak hands are now gone since most of them either sold back when the $20k -> $3k dump happened, when the Covid dump took place or have held from 2017 all the way 'till 2020 to recover from their losses.

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February 21, 2021, 12:57:36 PM
Merited by vapourminer (1)
 #23

I wouldn't exactly call them weak hands, you'd have to take some profit at some point otherwise paper gain is useless. I won't judge early adopters who already exited or plans to exit once BTC hits $100K. They waited and endured for so long. Of course, if you're a seasoned trader and long time crypto enthusiast then you would know how to exit and use a portion of that to buy back on a dip. I foolishly sold everything last 2017 ATH and it still hurts like hell but was a worthwhile lesson. I was young and naïve who had no foresight whatsoever, and hey I was at college so getting easy buck was very enticing. Bottom-line, we can very well expect many to take profit at $100K - whether they would regret or not is not for us to tell.
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February 21, 2021, 01:28:37 PM
 #24

I think when the price of BTC reach $100k im gonna sell it because $100k is my "Goal".

Even though the price of BTC will rising higher than that it's ok for me i will not regret it because every investment we need to set our own target or we gonna lose opportunity to sell.

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February 21, 2021, 01:37:11 PM
Merited by virtualdn (1)
 #25

A strong pullback is to be expected when $100k is going to hit though, simply because it's a number that has never been touched before: 6 digits. Smiley

Expectations are one thing, and reality is quite another - because if someone had told me that the price would be almost $60k at the end of the second month of 2021, I would probably would say he exaggerates with expectations. While $100k certainly has some psychological significance, I don't believe mass sales will begin at that point - because bulls are strong and getting stronger every day because the market is no longer in the hands of whales, but has been taken over by big players like Grayscale, MicroStrategy, Tesla and PayPal who did not enter this game due to short-term profits.

Although this amount seems expensive to ordinary mortals - there are those who are so rich that it is a real trifle for them - they will continue to buy as they do now.

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February 21, 2021, 01:47:43 PM
 #26

I see people selling at numbers that bring the life milestones.

Milestone 1: Payoff Car / minor debt
Milestone 2: Payoff major debt / payoff house
Milestone 3: Retire / Secure Family Trust / Children Education etc

Those are the 3 life events I see for why people sell when they do in general.

Personally I see 500k-1M USD per BTC being the major bell curve selling prices.

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February 21, 2021, 02:13:46 PM
 #27

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.

IMHO, I think even the $50K price level per Bitcoin is already tempting to unload the BTC holdings because it was already a huge gain. What's more, if you bought those BTC at a much lower price? And what if the speculation price will hit $100K in the near future? I'm pretty sure that many will unload their BTC holdings because $100K per BTC is already big money and many average hodlers cannot resist it.

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February 21, 2021, 02:53:31 PM
 #28

difficult if it has reached $ 100,000, it will not be easy to strengthen the pension. just imagine between today or not in the future. waiting to come back it would take a long time. the whales are holding out prices that shake our wallets. what we have to take, hand over or keep. both will be war in our minds.

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February 21, 2021, 04:01:37 PM
 #29

Selling at $100,000 isn’t weak hands, especially if you got in really early. It’s just good investing. Weak hands is buying high, selling low. However you should never sell all your bitcoin, that’s retarded.
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February 21, 2021, 04:27:53 PM
Merited by vapourminer (1)
 #30

Selling at $100,000 isn’t weak hands, especially if you got in really early. It’s just good investing. Weak hands is buying high, selling low. However you should never sell all your bitcoin, that’s retarded.

Selling BTC is not investing. Investing is buying a home with the BTC.
That is another form of investment. What do we call an investment turned to another investment? It is somewhat of the same thing. Investment is always assumed to result into profit, but that's not really accurate. Investment is something that will benefit you from doing so, that's how simple it is whether it if profit or sufficed need.

Bitcoin at such high market price would be somewhat worrisome to enter if you are an investor. The idea is that the price is continuously increasing but nothing holds this assumption as a fact. Some will be afraid to invest and some will be considering to sell and both are valid. There's no rule prohibiting someone to make decisions to his/her investments. Just do note the consequences of those actions and no need to compare or to look down with other people's decisions.

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February 21, 2021, 05:14:19 PM
Merited by virtualdn (1)
 #31

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.

A lot? really? After reaching 49 thousand we had a dip back to 46 that did not even last a day and the price was back at 50.

If we add that the day before the price was 47 thousand we'll prove that there was almost no weak hands. In 2 days price went from 47 to 49 and back to 49. That's traders trading, not a big deal.

People like these milestones but 50 thousand dollars is not a milestone in the EU because EUR price is lower. It's also not a milestone in China, Japan, Korea, countries that trade in their own cryptocurrencies.


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February 21, 2021, 05:21:17 PM
 #32

Anyone who is able to hold till 100k and sell don't seem like a weak hands to me Grin
Do you think it is easy to hold all through without the temptation to sell, selling at 100k is not bad at all, but buying at 100k is definitely a risk  Cheesy

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February 21, 2021, 05:21:22 PM
 #33

I'd rather ask myself: is there a better investment alternative that can protect my wealth from fiat depreciation and at the same time yield me a decent yearly return? There are very few exceptions that can beat Bitcoin's annual average growth of over 200%.

Of course that a sound investor needs to practice a minimum amount of diversification, but is Bitcoin such a risky asset? Except from regulatory risks which are getting lower (in my opinion) as institutional adoption is rising, Bitcoin doesn't face many risks. I mean it has stood the test of time pretty well (+12 years since genesis block) and the network has been expanding at an incredible pace.

If you look at it objectively do precious metals deserve to be better capitalized than a beautifully designed, digital, ultra-secure and portable, inflation-proof cryptocurrency? My answer is an unequivocal NO and therefore I don't see why BTC shouldn't continue its climb *at least towards $500k when its market cap should be equal to Gold's, but again, I expect a lot of money to flow from other assets classes so it can achieve much higher heights.

Remember to be careful when investing. This is just my humble opinion.
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February 21, 2021, 05:35:32 PM
 #34

Btw, I just realized that, at the moment, 1 BTC is worth more than 1kg of pure gold. So, another milestone behind us.  Cheesy
It's amazing how far we've gone in just four years.

"1 Bitcoin Is Now Worth More Than An Ounce Of Gold"
source: Forbes - Mar 2, 2017


Good point. $100,000 and 100,000 Euro are different things.

Many forget that USD is not a world currency.  Wink

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February 21, 2021, 08:31:31 PM
Merited by The Pharmacist (2), vapourminer (1)
 #35

We’re all at different places in our lives.

If you’re in your early 30’s, are well-diversified and have a 6-figure income, it probably makes sense to hodl through and past $100k. Chances are, you’ll be glad you did, especially with the likes of PayPal, Square and Tesla bringing awareness to Bitcoin — many Fortune 500 companies are likely to follow suit in seeing Bitcoin as a more solid value store than depreciating fiat.

If you’re nearing retirement, or are retired, and can’t afford a significant correction, your strategy will be appropriately more conservative.

I’m hodling, prepared to lose it all but thinking it will make me very wealthy long-term.

I will never discuss the sale of Collectibles on Telegram or any other messaging client outside the forum. Beware of scammers.
Asuspawer09
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February 21, 2021, 10:00:10 PM
 #36

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.

There will be a lot of people for sure that are going to sell their bitcoin when the market price rises to 100k, a lot of companies are starting to invest in bitcoin at which would make the price rise.

If you sell your bitcoin early it would be a bad decision, you need to be on the seller's side if that happened, not the one who buys bitcoin because it will be so much overpriced if the time comes.

The growth of bitcoin is just so fast in just 2 months we already reached 50k$ and now almost close to 60k$, I feel like we could easily reach 100k$ in just 2021 or maybe even 200k$.

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ReiMomo
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February 21, 2021, 10:10:05 PM
 #37

It is too early to tell that bitcoin will reach $100k even this year, but if that moment will come, I guess you are extremely right, there could be a weak hand who want to gain profit but for sure, there are upcoming investors not only us.

The adoption of bitcoin will continue because as we know the awareness of people was already spread through different aspects such as social media or any person associated with the internet. So, there could be a new investors era not only us, if we sell on the $100k price, that is fine, bitcoin will continue growth.

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February 21, 2021, 11:02:48 PM
 #38

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.
BTC could be in the $ 100k position but not right now, it might have to wait in the next few months. We'll see if the BTC market is strong we will be able to see the BTC in the position of $ 100k or more in the future

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February 21, 2021, 11:57:18 PM
 #39

If you look at Bitcoin hitting a price of $ 57k very quickly, I think it will hit the $ 100k target very soon. But I will not call weak to people selling Bitcoin
at $ 100k, nor people selling Bitcoin at $ 57k. Because everyone has their own strategy. I also partly sold Bitcoin when it hit a price of $ 50k, and
waiting for Bitcoin correction to the price of $ 40k. But the price of Bitcoin is increasing nowadays, but I believe there will be a correction in advance
for Bitcoin to reach a price of $ 100k. So I don't regret my decision to sell Bitcoin when it was $ 50k. There is definitely a chance I will be able to
buy Bitcoin again at a low price, because I believe Bitcoin will be corrected once it reaches $ 60k.

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February 22, 2021, 01:17:38 AM
 #40

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.
The adjusted price at 56k is huge.  It happened 2 days today.  though, bitcoin did try to overtake the new ATH with $ 58k.  Some sentiment has sagged at this level. 
Profit taking seems to be rushing.  In my opinion, for bitcoin to move up at this stage, more drastic correction is needed, institutional investors to reassess the situation at this point. 
There is a flurry of mass, bitcoin will go to $ 100k, even more.  Stronger hold is needed for the bulls to move at the $ 60-65k destination

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