The HODL to 100K movement

[lelahenderson]

People will do what they think is beneficial for them to make more money, they won’t take advice. Considering the volatility of the crypto market, traders are always skimming some profits while hodlers keep wishing and waiting for things to turn out in their favour.

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[dezoel]

Personally I like the idea and "get it". I'm a hodler and will do my part. But the "traders" seem almost offended at such a proposal.

Personally, I think a lot of traders kid themselves about being able to profitably trade. The only guaranteed winner on trades is of course the exchange, which over time sucks money out of the crypto ecosystem, much like a rake on a poker table.

I would post the image that can be circulated if you take the hodl 100 pledge but no idea how to post pix here. 

You can’t get everyone that hodl’s bitcoin to act in unity with you because not everyone that hodl bitcoin is in this forum and not everyone in this forum is going to see this post, and even those that saw it, not all of them are going to be ready to do that with you. So, I’d advise you to just do your thing if you believe that the value of Bitcoin is going to increase anytime in future.

This is not something that you will have to wait for everybody to do before you start doing it, it is something that you alone can do for yourself. I have been investing in Bitcoin and holding it for long without even needing anyone validation on whether I should hold for long or not, it doesn’t matter at all what matters is what I decide to do for myself. Even till now I still hold Bitcoin and I’m holding it for a long time.

[stadus]

Only those who have the courage and determination can attain that price level when it happens, this won't happen overnight, there will alot of patience involve, I don't doubt btc will reach that price level but how many of us can hold to that time! It is not going to be easy but if one is determined it can be possible.

Patience is much required in the cryptocurrency market. Once could profit in no time as well as could loss big. This is all depending on the market movements. Even with stocks and other forms of investments one needs patience to experience the profit out of it. There are people who have made a big profit overnight investing on cryptocurrency. This won't happen with everyone. In my understanding it is good to think it as long term investment and the profit is assured. It can also be said as patience pays.

Don't follow your emotion and you'll succeed holding until the price of bitcoin reach that level.

The problem with some of us is we don't follow the game plan, we have a good game plan to hold and believe it will happen as bitcoin's adoption is increasing but once we see the price is pumping, we are easily convinced to sell as we are afraid bitcoin might dump because of correction.

if we have that kind of mentality, then for sure we will not survive holding in the long run, we will not maximize our profit and we will lose our investment if the opposite of pump will happen. Unable to control our emotions is a big weakness when it comes to investing, we should work on that first.

[slaman29]

You can’t get everyone that hodl’s bitcoin to act in unity with you because not everyone that hodl bitcoin is in this forum and not everyone in this forum is going to see this post, and even those that saw it, not all of them are going to be ready to do that with you.

If everyone acted in unity, there would be no market except for newbies coming in to spend cash.

People always hope everyone hodls but that's the pyramid scheme game that very few Bitcoiners will ever go for. Those who do are hodling so much they're waiting for a big price to sell, and that's when they'll pretend they'll still hodling but in reality, they're just waiting for max profit.

I still prefer everyone to try and become active users because passive hodling is not long-term helpful for the network.

[virasog]

Anyone have views on this movement that seems to be gathering pace last few days?

Bitcoin is heading towards the bull run similar to that of 2017. If you are old in crypto, you will know how bitcoin moved from Oct - Dec, 2017. I think same is going to happen and we are seeing bitcoin movement in similar direction. Bitcoin dominance is increasing and if this counties, the alts will bleed more.

[maydna]

Anyone have views on this movement that seems to be gathering pace last few days?

Bitcoin is heading towards the bull run similar to that of 2017. If you are old in crypto, you will know how bitcoin moved from Oct - Dec, 2017. I think same is going to happen and we are seeing bitcoin movement in similar direction. Bitcoin dominance is increasing and if this counties, the alts will bleed more.

Hopefully, that will happen to bitcoin this year because the pattern seems different than in previous years so that makes us have many speculations about bitcoin moving. If that movement is finally similar to what happened to bitcoin in 2017, we could see the next ATH that will reach this year. Bitcoin dominance will give a chance to lift the price but yes, the altcoins can get down for a while before the altcoins get another ATH.

[Slow death]

Anyone have views on this movement that seems to be gathering pace last few days?

Bitcoin is heading towards the bull run similar to that of 2017. If you are old in crypto, you will know how bitcoin moved from Oct - Dec, 2017. I think same is going to happen and we are seeing bitcoin movement in similar direction. Bitcoin dominance is increasing and if this counties, the alts will bleed more.

Hopefully, that will happen to bitcoin this year because the pattern seems different than in previous years so that makes us have many speculations about bitcoin moving. If that movement is finally similar to what happened to bitcoin in 2017, we could see the next ATH that will reach this year. Bitcoin dominance will give a chance to lift the price but yes, the altcoins can get down for a while before the altcoins get another ATH.

all people are very optimistic about bitcoin, some people are already certain that the price will reach $100,000 and that seems realistic to me.

Bitcoin's $100K price target returns as BTC price breaks out of bull pennant

we are close to knowing if they will approve an ETF and the price is already at $57000, and it is almost absolutely certain that by the end of the year the price will be above $64000 and who knows close to $70,000, I no longer see the price drop below  $50,000 this month

[King Raymond]

Anyone have views on this movement that seems to be gathering pace last few days?

The basic concept I believe is that if we all act in unity, and collectively pledge to Hodl, then with continued demand (and far lower liquidity due to everyone hodling) the price will move in a sustained upwards direction. The "game theory" being who breaks the pledge first as they "selfishly" trade. So you take the pledge and spread the word to others.

Personally I like the idea and "get it". I'm a hodler and will do my part. But the "traders" seem almost offended at such a proposal.

Personally, I think a lot of traders kid themselves about being able to profitably trade. The only guaranteed winner on trades is of course the exchange, which over time sucks money out of the crypto ecosystem, much like a rake on a poker table.

I would post the image that can be circulated if you take the hodl 100 pledge but no idea how to post pix here. 

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.

It's true daily traders love to jump in and out with any slight gain with them. But i think with cooperation and a strong and consistent push forward, these guys will stick around because nobody will want to be left out when it comes to making huge profit.
I really think BTC will reach a new ATH before the end of the year

[agg2702]

it's true like that because not everyone can survive with the strength to hold their assets, one of which is me who always wants to sell my assets when the price goes up even if only a little
not without reason, this is the nature of human greed that will indeed be very difficult to change. The desire to always get a lot of money and always in a hurry is one of the problems here.
and it's true there is a saying that says "the really strong will survive" maybe that sentence is true

Basically this matter depend on what people needs since not everyone can able to hold there assets bought since majority of traders are just flipping up their capital so that they can make it grow. Maybe there are other people greedy but we can't generalize this since we have different capital placed and not everyone can afford to risk their money for bad positions that might possibly came.

this is why many people say that when investing here it is better to use money that is not used for a long period of time because that is what is happening now.
many people use their money for their daily needs in real life and all of them are used for investment here in the hope that in a short time they can make a profit.
it would be great when it happened, what if it was the other way around.
they should be aware that their needs are primary things, it's not wrong to do things like I said when investing with money used for daily needs, it's not wrong to do that because it comes back to each individual but that doesn't mean anything that can be justified

[Kelvinid]

keeping in mind that not all people who had come in here are meant to become long-term holders, many got loosen their hands and then sell their Bitcoin for some reason. I know you have a good market vision but very unfortunate that you can't dictate the plan of the others. We must talk about the reality here, I know $100k is not far from happening, yeah, it will come soon but never know when and it was too hard to please people to believe that.

Does holding really make sense? if that you think, this will only destroy the volatility of the market which makes the market more attractive and interesting. And this will certainly not be going to happen.

[TinaK]

Anyone have views on this movement that seems to be gathering pace last few days?

Bitcoin is heading towards the bull run similar to that of 2017. If you are old in crypto, you will know how bitcoin moved from Oct - Dec, 2017. I think same is going to happen and we are seeing bitcoin movement in similar direction. Bitcoin dominance is increasing and if this counties, the alts will bleed more.

At this moment bitcoin price almost breaks the record of an all-time high. We are in $57 but I saw the price going down slightly.
The price of $100k is not impossible, time will come it will break the new all-time high and it is pretty obvious holding bitcoin is worth it than spending it with anyone who did not know.

We are almost there and I saw the progress just keep your coin hold and never sell it.

[finaleshot2016]

What you're thinking right now is impossible; nonetheless, we can do it; but, keep in mind that there will be some who will be tempted to cash out before everyone else. People who want to profit from bitcoin will undoubtedly sell their assets because it is the most sensible thing to do. And, most of the time, people are in need of cash, so they will sell the coins rather than keep them. There's nothing we can do about it; it's already a cycle in many markets, and people have different characteristics, so it's really impossible to hold till we accomplish the peak.

[kawetsriyanto]

We are almost there and I saw the progress just keep your coin hold and never sell it.

Almost? Do you think we are almost reaching $100k?
The current price is around $57 and it is still far from $100k. We also don't know what's happening in the next few weeks/months, there is no guarantee that the price of Bitcoin always increases. How if the Bitcoin price is starting to drop constantly next month? It is also possible, not only increasing that may happen in the near future. Keep holding and never selling it, depends on what the target that the holder wants. So, before you suggest him to "never sell", you are better to know what's the target on his Bitcoin.

[Ryker1]

We are almost there and I saw the progress just keep your coin hold and never sell it.

Almost? Do you think we are almost reaching $100k?
The current price is around $57 and it is still far from $100k. We also don't know what's happening in the next few weeks/months, there is no guarantee that the price of Bitcoin always increases. How if the Bitcoin price is starting to drop constantly next month? It is also possible, not only increasing that may happen in the near future. Keep holding and never selling it, depends on what the target that the holder wants. So, before you suggest him to "never sell", you are better to know what's the target on his Bitcoin.

Well, you are right And we don't know what will happen to the price. Since it is predictable no one knows exactly the price in the future. Though I believe that bitcoin will still reach $100k but I think not now. Perhaps in the next halving of bitcoin, there is a massive increase in the price but also we still don't know when it will happen, there is no right time frame. Crypto holders anticipated about the $100k price in the market which I think it is impossible to achieve this year, it could be reach another year but not now.

[Stedsm]

@OP even if we don't hodl, institutions are holding and BTC supply on exchanges is drying up very quickly which will give an extreme supply shock and another moonshot may be witnessed. Believe me, BTC is not going anywhere but up because I briefly studied the charts and they are clearly telling that BTC's trend has been set and waiting for some more accumulation and maybe a possible final correction before those big candles can be painted.

[nullama]

What I don't understand is what's so magical about $100k. Sure, it's a nice round number, and there will be a lot of orders at that number. But why stop there?

Bitcoin is better than any fiat currency, and if it crosses the $100k price, then it just confirms that even more.

That means that your Bitcoins have a better purchasing power over time.

The same principles that will make Bitcoin pass the $100k price will continue to apply, so why would you sell it for fiat?

[distr@yopmail.com]

Well, you are right And we don't know what will happen to the price. Since it is predictable no one knows exactly the price in the future. Though I believe that bitcoin will still reach $100k but I think not now. Perhaps in the next halving of bitcoin, there is a massive increase in the price but also we still don't know when it will happen, there is no right time frame. Crypto holders anticipated about the $100k price in the market which I think it is impossible to achieve this year, it could be reach another year but not now.

this year is a long way to reach $100k. the current bitcoin trend alone has made altcoins go down very fast. if bitcoin continues to make a strong dominance, then the altcoin market could crash.
I saw some analysis that said bitcoin would hit $60k-$65k for the year. The bitcoin market trend is very good. but altcoins can't keep up.

[slaman29]

What I don't understand is what's so magical about $100k. Sure, it's a nice round number, and there will be a lot of orders at that number. But why stop there?

But what's wrong with finding it magical? When it wasn't $100, that was the dream for early adopters (or even $1). And $10,000 when I saw it, in the crypto chat I was in, everyone was celebrating. It's okay, so what, celebrating it doesn't mean stopping there. I know we all dream of 1 million dollars, but we want it to grow even more

I freely admit it if I had 1 BTC and it was $1 million. I sell. For sure. Buy my land, house, everything I need for the future until I die. And keep BTC only enough as savings.

[V-t.Ester]

No doubt that strategy “to hodl BTC” is one of the simplest strategies that in any case guaranties profit. So, you decided to hodl your BTC up till 100K and then what? Withdraw everything? But haven’t you thought that after 100K ATH Bitcoin (in some period of time) will make another one ATH (for instance, 150K, or 200K, or 500K)? And you’ve already withdraw everything and spent on your needs. By the way it’s really very hard just to hodl and wait for many years till some happy moment. A lot of investors-hodlers once start trading on BTC fluctuations to double their amount of crypto coins.

[Kelvinid]

No doubt that strategy “to hodl BTC” is one of the simplest strategies that in any case guaranties profit. So, you decided to hodl your BTC up till 100K and then what? Withdraw everything? But haven’t you thought that after 100K ATH Bitcoin (in some period of time) will make another one ATH (for instance, 150K, or 200K, or 500K)? And you’ve already withdraw everything and spent on your needs. By the way it’s really very hard just to hodl and wait for many years till some happy moment. A lot of investors-hodlers once start trading on BTC fluctuations to double their amount of crypto coins.

Maybe you're right but could you think that you can assure everything will go like that and still be able to hold? I don't think so and it was because of the volatility of the market makes people can't hold. And I'm sure that nobody had bought Bitcoin 10 years ago and hold it until now, that might prove to me that I was wrong.

Because the reality is that people will take every opportunity to make a profit and make a sell when they saw it. Like if the price of Bitcoin will reach $100k they sell their Bitcoin and then reinvest it again. Nothing has been said to hold straight due to the fact that the market is moving up and down which buy low and sell high applies.