The HODL to 100K movement

[hatshepsut93]

If it was so simple, Bitcoin would have costed $100,000 at its first year. The price fails to reach some arbitrary high levels quickly because a lot of people take profits. People who invested months ago can be satisfied with 30-50% profits and there's nothing wrong with that. People who hodled for a few years could be satisfied with 1000% profits. No one became poor by taking large profits.

[Rigon]

The way BTC started reading tomorrow, it seemed that in a few days, Bitcoin would be within 100k dollar. But when everyone is talking verbally I think I think very soon Bitcoin will take a position at k 100k. A more special reason is that different countries are now legalizing Bitcoin. Bitcoin transactions have started in developed countries.I hope it will stay at 100k $ soon.

[AmoreJaz]

The way BTC started reading tomorrow, it seemed that in a few days, Bitcoin would be within 100k dollar. But when everyone is talking verbally I think I think very soon Bitcoin will take a position at k 100k. A more special reason is that different countries are now legalizing Bitcoin. Bitcoin transactions have started in developed countries.I hope it will stay at 100k $ soon.

i can say, you have a very optimistic outlook here. 100k in few days??? i don't think so. just looking at reality here. yes, BTC surpassed the 50k level and it seems 60k is on the horizon. but 100k in few days? not being pessimistic but just being realistic. other countries are looking at BTC as legal tender but it will take time for them to finally decide on this matter and it is not within few days. 100k may not be impossible but we need to see the viability of this price so as not to make wrong decisions when it comes to our financial situation.

[sunsilk]

I also like the idea but even before this allegiance has been made, I've already decided to hold until $100k+ happens. I'll sell some by that time but it's not the end game. There will be people who will have the idea of holding until $100k and then they'll have their entire exit.

There's so much more to come for bitcoin if you've been holding it for long. And for the traders, you cannot blame them and they cannot blame holders for having our own thoughts of how we see the effectiveness of each strategies.

[XCANA]

If everyone should keep holding how then will crypto currency exchange will make their own money since they out to make profit the way you want to make profit from holding on the exchange. $100k may not happen soon the way people want it to happen within this year but base on what people are saying we may likely see Bitcoin market price reaching $100k in time to come and I don't think no one when it will happen.

[AsiaHODL]

Well I took the Hodl 100 pledge a few days back, but its easy for me as I am primarily a hodler anyway.

But even for "traders" I think they largely kid themselves. I have challenged many to benchmark their performance against a pure Hodl. Most give up reporting results and keep deluding themselves. 

[AsiaHODL]

[/quote]

We all wish that we could hold together and pump bitcoin's price upwards but that doesn't happen in a open community.
People who want to take profits do exit and book their profits. Sometimes it's situations where some people have to sell their coins.
So it really becomes more of an individual decision rather than a group strategy to hold bitcoin.
[/quote]

Fully agree, Its really an interesting example of group game theory at play. Lots of lab examples have done these types of trials to see if humans can collectively act for the greater good (win/win for all) as opposed to "selfishly" where some benefit more than others even though at the lesser total benefit to the entire group collectively.

To some extent is the same selfishness that drives the creation of dilutive "alts" aka shit coins...

[kotajikikox]

https://ibb.co/LxZBfP7

I give up. Any tech savvy person know how to post the image? If so, please help a luddite!

Seriously being bothered not having chance to post that image in which nothing different from those posts we are seeing here
that bullish for Bitcoin? lol sounds very serious 

If everyone should keep holding how then will crypto currency exchange will make their own money since they out to make profit the way you want to make profit from holding on the exchange. $100k may not happen soon the way people want it to happen within this year but base on what people are saying we may likely see Bitcoin market price reaching $100k in time to come and I don't think no one when it will happen.

and it is impossible if everyone holds then the value will not grow totally , the evaluation of the price happens because of circulation
that shows how strong and valuable the market is.

without those then expect this market as manipulative totally .

[DapanasFruit]

At least this kind of movement can be helping Bitcoin at the moment. The idea of HODLing is nothing new and it has been here since I can remember...I think it has the same weight as "Buy The Dip" or something like that. This movement is actually just a suggestion as there is no formal organization behind it that you must be a member of. And it all depends on how the market will be reacting. Anyway, we know that with Bitcoin there are many HODLers and they are still holding on up to now all because we are anticipating that soon it will be making a good jump or a steady climb towards the main goal which is $100K at least before 2021 ends or if not then in 2022.

[traderethereum]

Yes, the exchange is the winner to take the money but many traders who can use the moment to trade will also make money from the crypto.
You can still hold your bitcoin to $100k and then sell it at once and not return to the crypto if the big bear run is not coming and that will not be a problem.
But to go $100k still need time and we do not know when that will happen so we can only hope and enjoy the process of bitcoin movements.
Hopefully, that will change in the rest of this year, so we will make a big profit before the end of the year.

[AsiaHODL]

Re "and it is impossible if everyone holds then the value will not grow totally , the evaluation of the price happens because of circulation
that shows how strong and valuable the market is."

False logic here.

First, and in case case, even with no actual Sat's trading, there is a futures a derivatives market that would reflect an untraded market price.

Second, in practice, there would always be some "leakage" of trading that would still take place by non-committed hodlers. One can have price movement based on very low vol. So, if BTC supply (via sellers) is restricted for a period of time, and demand remains constant, price WILL increase. (This is the entire concept of the so called "halvening driven cycle".

HODL100 to the max!

[pooya87]

HODL to 100K

Why $100k though? And while we're at it what's the plan after $100k?

You see the whole idea is flawed. Bitcoin is not meant to only be held until it reaches an arbitrary number then dump it all to become rich. Bitcoin is a currency that will only grow and reach that arbitrary number if it is used as a currency. In which case our minimum target is $1 million not the pathetically low $100k
It is true that in short term the greedy profit takers move the market (which is why we see bubbles like 2017) but the long term sustainable growth is for when the main bitcoin utility (a medium of exchange which makes it a store of value also) derives the price.

Here is another "campaign" to run. How about "accumulate until mass adoption"?

[AsiaHODL]

HODL to 100K

Why $100k though? And while we're at it what's the plan after $100k?

You see the whole idea is flawed. Bitcoin is not meant to only be held until it reaches an arbitrary number then dump it all to become rich. Bitcoin is a currency that will only grow and reach that arbitrary number if it is used as a currency. In which case our minimum target is $1 million not the pathetically low $100k
It is true that in short term the greedy profit takers move the market (which is why we see bubbles like 2017) but the long term sustainable growth is for when the main bitcoin utility (a medium of exchange which makes it a store of value also) derives the price.

Here is another "campaign" to run. How about "accumulate until mass adoption"?

I think the aim is to simply get to "break through" 100K barrier, setting a new high, and a new eventual baseline. I would suspect as we approach 100 there would be a bit of vol between 93K-102K, possibly even a sharper blow-off sell off, before eventfully blasting decisively through...

So, one step at a time. Yes, 100 is simply another milestone on the journey to 1m. But breaking a big journey into achievable chunks is a well-known method of making a large endeavour seem achievable.

[GamblersArea]

Eventually it's more than possible. But if you're holding Bitcoin you shouldn't be too concerned with movements like this. If you're in, you're in. Movement or not Bitcoin will do its own thing.

[davis196]

This idea has been proposed many times on the forum and it's impossible to be implemented in reality.
Even if it was theoretically possible to force all Bitcoins users to HODL their Bitcoins,nobody would be able to buy BTC,due to all the sellers HODLing,hence the demand for BTC would collapse,leading to a price collapse.
Buyers can't exist without sellers and sellers can't exist without buyers.This is how every market works.
I don't expect the Bitcoin price to hit 100K USD anytime soon.The current bull run will lead to a price crash,that might happen sooner than we think.

[Vaculin]

If we just know that Bitcoin will reach $100k next month, that certainly encourages people to hold but unfortunately, we don't know yet.

You can't urge people to hold unless if you control them all. It was just a proposal but never think that all crypto holders will do what you say.
If you can manage to hold it, then just hold it. Maybe I can do such favor but I'd never promise that it will work according to the plan as we don't know the situation, might I/these people need some money and push them to sell their Bitcoin for no choice.

[utc00]

100k is very possible. The awareness is now amazing. The mass adoption of the use cases and cryptocurrency is itself is wonderful. The sky is the limit of Bitcoin and altcoins.

[Ararbermas]

There's a lot of investors expecting bitcoin to reach 100k by the end of year, well it's not a bad views but you know OP there's are some traders who hold for long run as well and they can get more information in the market unlike most investors that they used to buy and hold wherein without any information about the real potential of the growth. That's why i believe traders will become profitable if bitcoin reach that prices or the first that can dump when bitcoin fails to achieve that value..

[Spack17]

HODLing until reaching $100k is one of the reasonable acts I think. There has been another great run in the market now. Bitcoin price seems like capable of reaching a new ATH level even in October. $100k target is not just a dream for this year but it is not easy to achieve also. But sooner or later especially with a bull run, I think that it will come true.

[bitzizzix]

everyone has different plans and strategies and the goal of targeting 100k doesn't mean they throw away all their holdings when they hit the target, if all owners do such thing then bitcoin price will collapse or drop drastically.
there may be some holders who plan to sell some of their profits to enjoy after reaching the 100k target, and some are still holding on to it, and some are selling all of their possessions.

and the increase in the price of bitcoin to 100 thousand will definitely happen and but don't know for sure when it will happen, and 100 thousand is not the end of everything, it's just that the next achievement target does not mean you have to make a whole sale.