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Author Topic: Bitcoin - what is your plan when we reach $100k?  (Read 826 times)
bayudndy
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May 07, 2023, 08:40:52 AM
 #101

Observing this market and accompanying the happenings, I think that one day I will convert bitcoin into many other altcoin portfolios to optimize profits. But then will continue to hold and buy back bitcoin, its volatility makes me feel there is a huge opportunity to make a profit, sometimes I think it's simply turning 1 btc into many btc has been a great success on his investment journey. I'm not entirely sure when the price will hit these poles but I'm pretty confident that I'll take profits at much higher prices than I would have bought bitcoin.

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May 07, 2023, 09:07:53 AM
 #102

Bitcoin is a digital assets, which everyone knows about it and the price of Bitcoin keep fluctuating base on the market movements trading, where smart trader's make profits, Hence, Bitcoin price going towards $100k is sure, but nobody can tell the actual period and is good to buy and hold for a long, but what matters is the entry point of purchasing, while set a target to sell.

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May 07, 2023, 09:36:44 AM
Last edit: May 13, 2023, 09:14:27 PM by Mr. Big
 #103

Whether btc becomes $100k or $150k today, some person holding BTC may not enjoy much profit. Imagine someone holding just 10$ worth of BTC, if the price becomes 100k, how much profit do you think you will make?


I understand what you are trying to say, and I have the same question. I see most of us wishing for bitcoin to rise in price as quickly and as high as possible. But my question to those people is, how much profit will they get when bitcoin hits $100k? I mean, did they hold 1 bitcoin or 10 bitcoin? Because if someone holds too little bitcoin, the price increase won't do any good either.

For me, I would focus on accumulation rather than having to test the price and hope for a price increase every day. I believe bitcoin and ATH price hikes are inevitable, getting there is only a matter of time. And our task is when bitcoin hits 100k $, how many bitcoins will we have? That's what we should be more concerned about.

Exactly! BTC is for the rich, BTC is not for the poor.
People who enjoy it when BTC increases in value are those holding something significant, because that is will ultimately determine your profit.
Well, on other hand, when btc increase in price, it tends to influence altcoins as well, that's why most times you see people wanting a increase in price in BTC, not primarily because they are holding BTC



Whether btc becomes $100k or $150k today, some person holding BTC may not enjoy much profit. Imagine someone holding just 10$ worth of BTC, if the price becomes 100k, how much profit do you think you will make?

I am not a big investor, I am a small investor. But I always pray that bitcoin goes from $100k to $150k very soon. Although our investment portfolio will not grow much if the prices rise, I always pray that the market will rise. Even if I don't make much profit there are many investors here who will make substantial profit. On the other hand, if the market moves to a better position, we will definitely have a better time in this Bitcoin forum. Any project will have 100% chance of success if Bitcoin is in good standing.  Everyone is happy when the market is good. So I never think about my return on investment. I always think that the market should make good positions very quickly.

Well, if ain't thinking about your return on investment, then you must have other motives for investment which is best known to you. But I sure know that whatever your reasons are for investing, profit will eventually be one of the reasons.

Yea, everyone, including myself want to see BTC doing well, because the price of BTC have a general effect on other altcoins.

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May 07, 2023, 02:16:08 PM
 #104

Whether btc becomes $100k or $150k today, some person holding BTC may not enjoy much profit. Imagine someone holding just 10$ worth of BTC, if the price becomes 100k, how much profit do you think you will make?


I understand what you are trying to say, and I have the same question. I see most of us wishing for bitcoin to rise in price as quickly and as high as possible. But my question to those people is, how much profit will they get when bitcoin hits $100k? I mean, did they hold 1 bitcoin or 10 bitcoin? Because if someone holds too little bitcoin, the price increase won't do any good either.

For me, I would focus on accumulation rather than having to test the price and hope for a price increase every day. I believe bitcoin and ATH price hikes are inevitable, getting there is only a matter of time. And our task is when bitcoin hits 100k $, how many bitcoins will we have? That's what we should be more concerned about.

Exactly! BTC is for the rich, BTC is not for the poor.
People who enjoy it when BTC increases in value are those holding something significant, because that is will ultimately determine your profit.
Well, on other hand, when btc increase in price, it tends to influence altcoins as well, that's why most times you see people wanting a increase in price in BTC, not primarily because they are holding BTC

Why is bitcoin for the rich and not for the poor? I think bitcoin is for everyone, anyone can invest in bitcoin with any amount they have.

Altcoins? I didn't think about that. I think you are right, people who don't hold too much bitcoin but want the market to recover because they are holding most altcoins because many altcoins are suffering heavy losses. But I suspect that the bitcoin price increase will not guarantee that all altcoins will increase. The market will be like in previous years, many old altcoins will never be able to recover, and new projects will replace them. So, if anyone expects bitcoin to go up so that old altcoins will go up, they should prepare for the worst case scenario for their investment.

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May 07, 2023, 02:59:13 PM
 #105

My goal is profit, so I will sell all the bitcoins that I have when it hits $100k, and I will use that money to start an outside business. I am accumulating a lot of bitcoins and altcoins, if bitcoin really hits $100k I will have a lot of money. But I won't use up all the bitcoins sold for business, I will still keep 30% to buy back bitcoins when the bear season comes.

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May 07, 2023, 03:49:54 PM
 #106

I do not have much Bitcoin currently but I am planning to convert a lot of the profits I make in my altcoins during the bull run into BTC which I will then hold till the 2028/29 bull run.
By the way, if you invest in bitcoin along with altcoin, it would be a good decision for you because Bitcoin is the main coin and all Altcoins price fully depends upon Bitcoin. Profit might be low but security will be big.
Just wondering what we are all planning to do when Bitcoin does reach $100k - are you selling or are you holding till the 2028/29 bull run?
Everyone who has bitcoins they all have set their selling target. I intend to sell my bitcoins at $100k because the next bull season 2028/29 will be preceded by a bear season. Where the price of bitcoins will fall again? When the price goes down, I will buy bitcoin from there again for the 2028/29 bull season.In this way I will also make profit for the current season and buy for the next season at a lower price.

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May 08, 2023, 02:23:27 AM
 #107

My goal is profit, so I will sell all the bitcoins that I have when it hits $100k, and I will use that money to start an outside business. I am accumulating a lot of bitcoins and altcoins, if bitcoin really hits $100k I will have a lot of money. But I won't use up all the bitcoins sold for business, I will still keep 30% to buy back bitcoins when the bear season comes.
everyone will think the same as you, want to benefit from investments made in bitcoin, and of course it is very wise if the achievement of bitcoin up to $ 100K is to sell and part of the proceeds to do business on other jobs, keep investing again when the bitcoin price decreases. that is the meaning of investing in bitcoin to be able to contribute to self-prosperity in achieving the goal of being able to provide prosperity and benefits from bitcoin investment.

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May 08, 2023, 02:35:49 AM
 #108

Keep hodling while you celebrate. It will go more than $100,000 since that is not the top. In fact, once governments throughout the world realize how pointless it is to oppose it and that Bitcoin will never be properly regulated, I think Bitcoin will eventually replace traditional currencies as the actual global standard of exchange.

Within the next ten years, I can absolutely see Bitcoin reaching a million dollars, and even then, it will continue to grow. In fact, each Satoshi could be worth a lot of money in the future due to Bitcoin's limitation and thus limited supply. Soon, there will be 8 billion people on the planet. Distribute 8 billion bitcoins among them. That is the possibility right now. However, as the population increases, Bitcoin will become even uncommon and more valuable. Bitcoin is people in control of the money, as opposed to fiat, which is controlled by the people.
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May 08, 2023, 03:33:31 AM
 #109

My goal is profit, so I will sell all the bitcoins that I have when it hits $100k, and I will use that money to start an outside business. I am accumulating a lot of bitcoins and altcoins, if bitcoin really hits $100k I will have a lot of money. But I won't use up all the bitcoins sold for business, I will still keep 30% to buy back bitcoins when the bear season comes.
everyone will think the same as you, want to benefit from investments made in bitcoin, and of course it is very wise if the achievement of bitcoin up to $ 100K is to sell and part of the proceeds to do business on other jobs, keep investing again when the bitcoin price decreases. that is the meaning of investing in bitcoin to be able to contribute to self-prosperity in achieving the goal of being able to provide prosperity and benefits from bitcoin investment.

Exactly but as people sell their BTC it's like they giving chance to others if the price of BTC decreases since it might be affected if most of the people sell at the same time so it might decrease. This how the market works people may sell and some may buy. But if that's the case I would still hold some BTC as investment for the future since I don't need to spend all that BTC that I might hold. Opening a business is a good choice for a passive income.

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May 08, 2023, 08:14:45 AM
 #110

Whether btc becomes $100k or $150k today, some person holding BTC may not enjoy much profit. Imagine someone holding just 10$ worth of BTC, if the price becomes 100k, how much profit do you think you will make?


I understand what you are trying to say, and I have the same question. I see most of us wishing for bitcoin to rise in price as quickly and as high as possible. But my question to those people is, how much profit will they get when bitcoin hits $100k? I mean, did they hold 1 bitcoin or 10 bitcoin? Because if someone holds too little bitcoin, the price increase won't do any good either.

For me, I would focus on accumulation rather than having to test the price and hope for a price increase every day. I believe bitcoin and ATH price hikes are inevitable, getting there is only a matter of time. And our task is when bitcoin hits 100k $, how many bitcoins will we have? That's what we should be more concerned about.

Exactly! BTC is for the rich, BTC is not for the poor.
People who enjoy it when BTC increases in value are those holding something significant, because that is will ultimately determine your profit.
Well, on other hand, when btc increase in price, it tends to influence altcoins as well, that's why most times you see people wanting a increase in price in BTC, not primarily because they are holding BTC

Why is bitcoin for the rich and not for the poor? I think bitcoin is for everyone, anyone can invest in bitcoin with any amount they have.

Altcoins? I didn't think about that. I think you are right, people who don't hold too much bitcoin but want the market to recover because they are holding most altcoins because many altcoins are suffering heavy losses. But I suspect that the bitcoin price increase will not guarantee that all altcoins will increase. The market will be like in previous years, many old altcoins will never be able to recover, and new projects will replace them. So, if anyone expects bitcoin to go up so that old altcoins will go up, they should prepare for the worst case scenario for their investment.

BTC is for everyone, both the rich and poor. Everyone can invest in it, that's true.
But, can you compare someone holding 1btc to someone holding just a fraction, probably worth just 100$? They are not on the same level, why because when there's a pump, the one holding 1btc will definitely have more profit than those holding a fraction.
That's my point exactly.

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May 08, 2023, 09:20:51 AM
 #111

My goal is profit, so I will sell all the bitcoins that I have when it hits $100k, and I will use that money to start an outside business. I am accumulating a lot of bitcoins and altcoins, if bitcoin really hits $100k I will have a lot of money. But I won't use up all the bitcoins sold for business, I will still keep 30% to buy back bitcoins when the bear season comes.
everyone will think the same as you, want to benefit from investments made in bitcoin, and of course it is very wise if the achievement of bitcoin up to $ 100K is to sell and part of the proceeds to do business on other jobs, keep investing again when the bitcoin price decreases. that is the meaning of investing in bitcoin to be able to contribute to self-prosperity in achieving the goal of being able to provide prosperity and benefits from bitcoin investment.

Exactly but as people sell their BTC it's like they giving chance to others if the price of BTC decreases since it might be affected if most of the people sell at the same time so it might decrease. This how the market works people may sell and some may buy. But if that's the case I would still hold some BTC as investment for the future since I don't need to spend all that BTC that I might hold. Opening a business is a good choice for a passive income.

When you sell bitcoin at a high price, and you have made a profit, how can you say that you are creating opportunities for others? You sell bitcoin at a premium, and if someone is willing to buy it, they will take the loss on your behalf. This is the financial market, there is no point in giving others a chance when you sell at a high price. This is only true when you buy high and sell low.

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May 08, 2023, 09:49:31 AM
 #112

My goal is profit, so I will sell all the bitcoins that I have when it hits $100k, and I will use that money to start an outside business. I am accumulating a lot of bitcoins and altcoins, if bitcoin really hits $100k I will have a lot of money. But I won't use up all the bitcoins sold for business, I will still keep 30% to buy back bitcoins when the bear season comes.
it is a common thing. I think a lot of people are waiting for that price to sell the bitcoins they've been looking for and have been saving all this time. Personally, I'm also going to sell some of my assets. even so, I still don't know whether it would be great to sell 100% of the assets we have or not. It all depends on the circumstances at that time. In addition, when the bitcoin price reaches $ 100k, bitcoin will be even more difficult to get.

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May 13, 2023, 12:50:08 PM
 #113

Bitcoin is a digital assets, which everyone knows about it and the price of Bitcoin keep fluctuating base on the market movements trading, where smart trader's make profits, Hence, Bitcoin price going towards $100k is sure, but nobody can tell the actual period and is good to buy and hold for a long, but what matters is the entry point of purchasing, while set a target to sell.
I am also sure with you that bitcoin will be able to reach $ 100K later, in fact many predicted that in 2021 bitcoin would have reached it but everything changed because it could not reach the target, ATH $ 68,789 was reached by bitcoin on Nov 10, 2021.
if indeed bitcoin will repeat again the same as the past, a year after the halving period, namely 2025, then it is likely that there will be more value than many people predict. so it's an opportunity to just keep accumulating gradually and hold it until there's an upgrade happening.

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May 13, 2023, 03:12:45 PM
 #114

My goal is profit, so I will sell all the bitcoins that I have when it hits $100k, and I will use that money to start an outside business. I am accumulating a lot of bitcoins and altcoins, if bitcoin really hits $100k I will have a lot of money. But I won't use up all the bitcoins sold for business, I will still keep 30% to buy back bitcoins when the bear season comes.
it is a common thing. I think a lot of people are waiting for that price to sell the bitcoins they've been looking for and have been saving all this time. Personally, I'm also going to sell some of my assets. even so, I still don't know whether it would be great to sell 100% of the assets we have or not. It all depends on the circumstances at that time. In addition, when the bitcoin price reaches $ 100k, bitcoin will be even more difficult to get.
of course bitcoin investors at this time will wait for that moment to come, where bitcoin reaches $ 100k, maybe even before that figure we have started selling it gradually, and of course will leave some until bitcoin reaches its highest point before a price reversal occurs, in order to maximize profits. and with the profits we get, we can start a business or diversify assets in other fields, so that we don't just depend on income from bitcoin investments

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May 13, 2023, 03:58:02 PM
 #115

It would be best to take the big profits that can be made at that time if you are a trader, and let some of it help you wait for the next bull run. You can use your profits to buy some if there is a bearish.
It is indeed highly recommended to take profits or sell partially when the price has reached the new ATH of 100k and this is my target as well.

But how long it will take is just a matter of time. We just need to hold it for the long term.
The most important thing to do now is to collect Bitcoin before the new ATH is reached.

The current price is certainly still very worth-it to buy Bitcoin and hold it for the long term.
The decline from the last ATH is around -70%, isn't this the right time to start collecting and holding.

 
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May 13, 2023, 04:09:20 PM
 #116

I do not have much Bitcoin currently but I am planning to convert a lot of the profits I make in my altcoins during the bull run into BTC which I will then hold till the 2028/29 bull run.
I expect Bitcoin to reach at least $100k at the peak of the next bull run, possibly $150k.
Just wondering what we are all planning to do when Bitcoin does reach $100k - are you selling or are you holding till the 2028/29 bull run?
$100k is a big target and Bitcoin will take a long time to cross it. If this is crossed then I will either sell all of my holdings and invest them in other potential assets or wait for the price of Bitcoin to drop again and will invest in bitcoin again. But holding Bitcoin till then is a matter of patience. Holding Bitcoin till then is a big deal. Which is not possible for everyone. and I can't guarantee that for myself I can wait until then

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May 13, 2023, 04:12:58 PM
 #117

I do not have much Bitcoin currently but I am planning to convert a lot of the profits I make in my altcoins during the bull run into BTC which I will then hold till the 2028/29 bull run.

I expect Bitcoin to reach at least $100k at the peak of the next bull run, possibly $150k.

Just wondering what we are all planning to do when Bitcoin does reach $100k - are you selling or are you holding till the 2028/29 bull run?
Honestly, it would be on a place of panic where I would not know what to do. But I have this idea to sell all my Bitcoin and wait for a bear to happen to gain more amount in Bitcoin, not in dollars. I like the idea that I could grow it by just doing that, but I don't think it is now. Not yet, it is too risky. The market fluctuates like crazy, and it could anywhere. While if it is at $100k, I do believe there's a lot of room or chance where it could be dumped again while investors are also taking their profits.
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May 13, 2023, 05:51:17 PM
 #118

Just wondering what we are all planning to do when Bitcoin does reach $100k - are you selling or are you holding till the 2028/29 bull run?
I will sell half of the money I have invested; the other half I will still leave as an asset like gold. Of the half of the money I sell, part of it I will use to make ends meet and enjoy my fruits for a while. For the rest, I will switch to investing in altcoins during that altcoin season to maximize my profits. Hopefully, in the near future, bitcoin can set a record with that high price. It will be a long journey, but hopefully everyone will try and achieve their goals.

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May 13, 2023, 07:22:06 PM
 #119

I will keep on replenishing, I had been earning and paying with Bitcoins.  Almost all my expenditures are paid from my Bitcoin earnings like bills, monthly dues and even items I wanted to buy online as long as there is an option to pay in Bitcoin.  Since I give my job earnings to my parents which is used for budgets and their needs, I often end up with the earnings I get in BTC.  Aside from that, I do think that $100k  is still low to get off the Bitcoin market so just as I stated, I will keep on replenishing my Bitcoin stash.

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May 13, 2023, 07:44:28 PM
 #120

snip
100k is a great level, if we reach it in this bull market, then I will start taking profits. I think that perhaps the price can go higher, but I will not have high hopes for this. All the same, it becomes more expensive every time, and the higher the price, the more difficult it will be to show a big increase.

As I understand it, you will not sell and will wait for bull run by 2029, how do you justify your decision? I didn't take profits on the last bull run, and I see that it was not a very good decision, as it could give me more opportunities now.

What I meant was I will not cash out my profits.
I plan to take my profits from BTC once we reach around $100k and hold in a stable coin to then buy back once we drop back down to $30k or so in the next bear market.
but what happens if it turns out that the Bitcoin price doesn't go down anymore, isn't your plan a failure?

whatever you have it is your right to sell or not.  but I only suggest taking your profit gradually, don't be in a hurry, you might be too late or too fast, everything needs good planning.

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