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Author Topic: Who Buys Bitcoin When The Price is 100k$?  (Read 1197 times)
FinneysTrueVision
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July 12, 2023, 02:15:56 AM
 #201

When you buy Bitcoin hen the price is 100k$ then how much will you sell it back to make profit because at that time the price of Bitcoin might not exceed 100k$ and if the price didn't not exceed that amount you will become a loser in the business so how does the vendors do at that time?
Or you buy at that time and thinking that it will go up to 200k$ but ironically, the price come below 100k$. What will be you faith/fate. Many companies stopped function last year because they accumulated a lot of Bitcoin when the price was high and they were thinking that the price would go up for them to sell them off and make their profit from there but instead the price of Bitcoin drastically come down very well. So the companies  enter bankruptcy and folded. So exchange are trying to avoid such mistakes, so that they can run a long journey.

Will the price pass 100k$ next year 2024 for buys to make their gain?

I don't know of a single company that went bankrupt and folded due to buying Bitcoin at a high price. There was some companies like MicroStrategy which simply continued buying Bitcoin when it was cheaper to lower their average cost of acquiring it. Their Bitcoin investment is profitable again I believe.

THe bear market was brutal to some companies but in the case of FTX their insolvency issues were partly caused by holding so much of their funds in their own FTT token. If anything, it was not having enough Bitcoin (and other currencies) to process withdrawal requests that led to several companies collapsing.

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July 12, 2023, 10:50:24 AM
 #202

what is not so good decision is using lump sum at wrong time, buy a lot of bitcoin when the price is in near peak of bullish market time. and for me the best decision is using lump sum at correct time which is in the stable price phase, which happens after bearish market time, like now.

What is not a good decision for you might be a good strategy for others. For those who can be patient enough with the right prediction to know when the price is nearly peaking in the bullish market, they can utilize those opportunities by buying whatever they can afford to grab with the plan of selling off when the bull run comes. Those kinds of people happen to be short traders, and those strategies work very well for them, but most times the market usually goes against their prediction.
 
And what you considered a good decision is the time when the price of Bitcoin is in a stable state, fluctuating in the range of $30,000 Not going above that and not also going below that, to me, this is one of the toughest times for one to make an entry decision, for you never really can tell if it's going to break that stability by falling down a bit lower to the range of $28,000–$29,000 or if the price is going to break that limit and climb up a little bit. This pattern seems to be like a 50/50 kind of thing; either it goes sideways or it works in your favor.

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July 12, 2023, 02:36:31 PM
 #203

There are several groups of people will buy BTC when it reaches $100k and beyond:

1st group are those who are still in denial and that BItcoin is here to stay, they think of it as a ponzi etc but once we reach that price, many will change their opinion, like it happened in the past.

2nd group are those who think current price is too high and are waiting for BTC to drop more, but in reality they are really afraid to buy during bear and instead they will invest at the peak of bull when FOMO is the strongest. I know load of those who didn't want to buy from me when I had to sell some BTC @~10k, but where asking to buy once we reach $50k.  Cheesy

3rd group of people are those who are doing DCA on the regular basis and will keep buying BTC no matter the price. I fall into this group as I've been doing DCA for a couple of years now and my plan is to continue doing so when/if bitcoin reaches that barrier since it proved to be a very effective investment method, 

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July 12, 2023, 02:49:32 PM
 #204

There are several groups of people will buy BTC when it reaches $100k and beyond:

1st group are those who are still in denial and that BItcoin is here to stay, they think of it as a ponzi etc but once we reach that price, many will change their opinion, like it happened in the past.

2nd group are those who think current price is too high and are waiting for BTC to drop more, but in reality they are really afraid to buy during bear and instead they will invest at the peak of bull when FOMO is the strongest. I know load of those who didn't want to buy from me when I had to sell some BTC @~10k, but where asking to buy once we reach $50k.  Cheesy

3rd group of people are those who are doing DCA on the regular basis and will keep buying BTC no matter the price. I fall into this group as I've been doing DCA for a couple of years now and my plan is to continue doing so when/if bitcoin reaches that barrier since it proved to be a very effective investment method,
You forgot to mention the 4th group: They are newbies who are new to bitcoin and are dying to invest in it because seeing others getting great returns. They buy at any price without doing analysis, but when we start talking about the 5th group; then it is those who adopt bitcoin as a means of payment.

There will always be someone buying bitcoin at any price and trading never stops 24/7. But even if $100k is the new ATH, there is more potential to see bitcoin price go higher than $150k.

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July 12, 2023, 03:54:25 PM
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 #205

 OP the scarcity of bitcoin might affect it's price making it to surge high but what you have to understand is that no matter much bitcoin attains there must always be a buyer, there are multi millionaires and crypto experts who know the it's worth and understand that for btc to hit and all time high of 100k means that it still has a tendency to go further in future, therefore people would always patronise it no matter the price.

 However OP it is very important to buy and hodl now it's price has not attained 100k so as sell to rich investors and make profit when it gets to that points, so instead of missing out now the price is stable at 30k if you've got a spare cash you could purchase as much as you can to avoiding being amongst those that would buy due to FOMO.
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July 12, 2023, 04:00:32 PM
 #206

Honestly speaking, it is difficult to buy Bitcoin for 100k$, unless you are a scalper. But if you're not a scalper and you don't know much about the ins and outs of the market, you'll have a bit of a hard time because instead of making a profit, you'll experience a loss.
It's hard to keep up with them if they are professional traders and are already used to this kind of behavior. I hope you got what you wanted if pointed out to you.
Right now it will seem difficult but when the price of bitcoin has exceeded that and is higher for example then I don't think it will be much different from today.
Let's reverse the conditions now where bitcoin is at $30k who will buy bitcoin at $60k or even more? It seems impossible right? but this is if you talk about a few years ago where bitcoin was at the previous ATH price then when $60k was a lot to buy so this condition will also definitely happen if bitcoin breaks the price of $100k or even more.
Actually things like this depend on the problem of prices. Indeed now we find it difficult to buy bitcoin at that price but if bitcoin has touched that price and even if it is higher then the possibility of buying there is still possible.

You are correct that the price of Bitcoin can be very high, and it might be difficult for most people to buy an entire Bitcoin worth $100,000 or more.  However, it's important to remember that Bitcoin is divisible into smaller units called satoshis.  One Bitcoin can be divided into 100 million satoshis, allowing investors to buy fractional Bitcoins even on a budget.
Isn't that not too different from now?
We are also currently not required to buy bitcoin with 1 bitcoin or more because all have plans such as DCA and others although there are certainly those who can buy more than 1 bitcoin directly but such circles are a different group from us as ordinary investors.
There is nothing to argue about when asking who will buy bitcoin at $100k because even we don't really care about that and in the beginning who would buy bitcoin at $30k a decade ago and who waited for the decline like now or even when the price of bitcoin touched $15k when previously it was more than $60k.
Everything has a purpose and we don't need to bother thinking about such things because the flow will happen when the time comes.

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August 14, 2023, 08:22:38 AM
 #207

Institutional investors I pressume
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August 14, 2023, 10:55:47 AM
 #208

Institutional investors I pressume
Institutional investors are far more smarter, they are always here when the market is at it's lowest, they understood the game more than other investors, they have advisers and traders who gives them updates and good calls, these are the biggest investors in the space, do not think that they will do something stupid.

The truth is even if Bitcoin is a million dollars today some people will think that it's going to 2 million dollars soon, and they will keep buying anyway, it's easier to FOMO when price starts pumping and it's easier to shy away from the market when it's dumping.

It's better to understand the crypto market before taking an investment route yourself, there are few things many people still do wrong, and it's left for them to figure them out, if everyone knows what they are doing who are going to buy from the smarter ones?

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August 14, 2023, 12:00:42 PM
 #209

When you buy Bitcoin hen the price is 100k$ then how much will you sell it back to make profit because at that time the price of Bitcoin might not exceed 100k$ and if the price didn't not exceed that amount you will become a loser in the business so how does the vendors do at that time?
Or you buy at that time and thinking that it will go up to 200k$ but ironically, the price come below 100k$. What will be you faith/fate. Many companies stopped function last year because they accumulated a lot of Bitcoin when the price was high and they were thinking that the price would go up for them to sell them off and make their profit from there but instead the price of Bitcoin drastically come down very well. So the companies  enter bankruptcy and folded. So exchange are trying to avoid such mistakes, so that they can run a long journey.
When Bitcoin was 6 thousand dollars, the question arose in my mind, who will buy this Bitcoin with 20 thousand dollars? But today I don't have to look for the answer to this question anymore. I now understand that even if the price of bitcoin reached 1 million bitcoins in the future, the number of bitcoin buyers will not decrease.

In a general way, notice that the price of gold is higher than before but the number of customers didn't decrease. Since many of us think of Bitcoin as digital gold, its number of buyers will not decrease rather its demand will increase over time.

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August 14, 2023, 12:18:44 PM
 #210

You forgot to mention the 4th group: They are newbies who are new to bitcoin and are dying to invest in it because seeing others getting great returns. They buy at any price without doing analysis, but when we start talking about the 5th group; then it is those who adopt bitcoin as a means of payment.

There will always be someone buying bitcoin at any price and trading never stops 24/7. But even if $100k is the new ATH, there is more potential to see bitcoin price go higher than $150k.
Firstly, 100k is a certain psychological level that can instill a lot of optimism in those who want to buy bitcoin, and secondly, I’m almost sure that after bitcoin reaches the price of 100k, we will see how everyone will talk about bitcoin from every corner, and will prophesy it is unrealistic high prices, this will encourage everyone who has not yet done so to buy bitcoin with the hope, that he will have time to buy, until the price reaches a million.
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August 14, 2023, 06:15:23 PM
 #211

You forgot to mention the 4th group: They are newbies who are new to bitcoin and are dying to invest in it because seeing others getting great returns. They buy at any price without doing analysis, but when we start talking about the 5th group; then it is those who adopt bitcoin as a means of payment.

There will always be someone buying bitcoin at any price and trading never stops 24/7. But even if $100k is the new ATH, there is more potential to see bitcoin price go higher than $150k.
Firstly, 100k is a certain psychological level that can instill a lot of optimism in those who want to buy bitcoin, and secondly, I’m almost sure that after bitcoin reaches the price of 100k, we will see how everyone will talk about bitcoin from every corner, and will prophesy it is unrealistic high prices, this will encourage everyone who has not yet done so to buy bitcoin with the hope, that he will have time to buy, until the price reaches a million.
When Bitcoin hits $100k there will be a lot of hype. Due to which more people will be interested in Bitcoin than the number of people buying Bitcoin now. After Bitcoin price hits $100k, its next ATH target will be $200k. when bitcoin price was like $100 no one thought that bitcoin price would one day cross $68k which is why everyone then sold bitcoin instead of holding it and now they regret it. So it's silly to think who will buy bitcoin when the price of bitcoin goes above $100k. at that time, instead of fearing Bitcoin, people will become more interested in Bitcoin. And there will be a huge hype about it around the world.

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August 14, 2023, 07:24:44 PM
 #212

Will the price pass 100k$ next year 2024 for buys to make their gain?

Nothing can be said for sure but expect the price of Bitcoin to move up to your given price. If you really want to invest then I would say Bitcoin is the best choice. if you want to buy other coins for short term profit then you can make more profit but in opposite direction. The risk is too high.

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August 15, 2023, 03:24:33 AM
 #213

There are several groups of people will buy BTC when it reaches $100k and beyond:

1st group are those who are still in denial and that BItcoin is here to stay, they think of it as a ponzi etc but once we reach that price, many will change their opinion, like it happened in the past.

2nd group are those who think current price is too high and are waiting for BTC to drop more, but in reality they are really afraid to buy during bear and instead they will invest at the peak of bull when FOMO is the strongest. I know load of those who didn't want to buy from me when I had to sell some BTC @~10k, but where asking to buy once we reach $50k.  Cheesy

3rd group of people are those who are doing DCA on the regular basis and will keep buying BTC no matter the price. I fall into this group as I've been doing DCA for a couple of years now and my plan is to continue doing so when/if bitcoin reaches that barrier since it proved to be a very effective investment method,
You forgot to mention the 4th group: They are newbies who are new to bitcoin and are dying to invest in it because seeing others getting great returns. They buy at any price without doing analysis, but when we start talking about the 5th group; then it is those who adopt bitcoin as a means of payment.

There will always be someone buying bitcoin at any price and trading never stops 24/7. But even if $100k is the new ATH, there is more potential to see bitcoin price go higher than $150k.
even in the bullish market trend the price volatility of bitcoin is still high, this situation gives opportunity for traders who trying to earn profit from trading. but for long term holders I think it will be better if they avoid that time to accumulate bitcoin. even I don't think that doing DCA at that time is wise decision.

Sepertinya sudah waktunya, kalau menurut saya lebih baik lump sum sekarang. 30/01/2024.
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August 15, 2023, 03:27:50 AM
 #214

The same question could be asked about who buys bitcoin at 30.000USD. The answer is simply: everyone that needs bitcoin at that time. People get used to any kind of prices pretty fast and see them as normal.
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