Who Buys Bitcoin When The Price is 100k$?

[rby]

Who Buys Bitcoin When The Price is 100k$?

He who believes that bitcoin will hit $1m will by @$100k.
Ironically, El Salvador did...

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[Nwada001]

~snip~

I've been trying so hard to break this down to a level where I could easily understand it, but it still seems very difficult for me to do that.
But if I understood you correctly, you mean the price of Bitcoin is valued based on the amount a miner is willing to spend to mine one Bitcoin. That's to say, if it costs a miner $1000 to successfully mine a bitcoin and get 1 Bitcoin as reward, the bitcoin price can't go above $1000, $1100, or $1500, as the case may be. Unless the miners increase their expectations and the value and amount they are willing to spend on mining, If they decide not to spend more, then the window will always be on their average budget.

If that's correct, then you are typically saying the price limit to which Bitcoin could be sold is based on what the miners decide or what it costs the miners to successfully mine Bitcoin.

[Sayeds56]

I think after many years the price of bitcoin will be 100k$ like that of in previous years where the price was lower as compared to the current price so there will be no issue for buyers to buy bitcoin as the years passes so each and everything enhances in price and go towards more success stage.

While it is very challenging to predict future price of Bitcoin, however given the historical price trends and prevailing situation in crypto market, we can Imagin that next halving, which is scheduled in in mid of year 2024, can possibly create bullish sentiment in the market due to reduced block reward for miners, resulting in reduced supply of Bitcoins. This scarcity of supply can potentially trigger price of Bitcoin to $100,000. Please note that this is a speculative projection and should be approached with caution.

[The Cryptovator]

The logic is quite straightforward: in order to profit from your investment, you need to consider the potential for profits when Bitcoin surpasses $100,000. When this milestone is reached, the price of Bitcoin is expected to become more volatile. This volatility presents an opportunity for you to take advantage of price fluctuations.

Currently, the price of Bitcoin moves in smaller increments, such as $10 or $20. However, once it surpasses $100,000, the price movements are likely to increase to $100 or $200 per step. Consequently, regardless of the price at which you initially purchased Bitcoin, you can still capitalize on the volatility and make gains.

In summary, by recognizing the potential for increased volatility beyond $100,000, you can leverage these larger price fluctuations to your advantage, irrespective of your entry point.

[Aikidoka]

I believe that some people, including myself think that Bitcoin's value will increase alot in the coming years. In my opinion it's always worth considering purchasing Bitcoin as there is a good chance of making a profit at some point.

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

I don't think it will exceed $100k in the next year to be honest, It may need more time perhaps 2-3 years for Bitcoin's price to reach that peak.

[chigo]

bitcoin has not touched the price of $ 100k, but of the 7 billion people on earth there will always be those who buy bitcoin in any way (buy from exchange or P2P). bitcoin has become one of the most important investment assets in the world, so it doesn't matter what the current price is, people will continue to appear to buy bitcoin (whether they are traders, investors or just curious beginners).

[_BlackStar]

As long as bitcoin are traded and use cases exist - that's how long they remain in price. You're worried about volatility - but that's basically what risk is. There will always be people buying above $100k - maybe even over $500k if one day the bitcoin price hits that ATH.

The same question some people may have asked in the early days of bitcoin - who would buy bitcoin above $50k?
But look at the facts - losses and gains are a consequence of the risk you consider, so don't worry too much about it. In any case, bitcoin has a bright future and its real use cases will continue to increase. If one or two companies went bankrupt investing - then maybe they've made a mistake or two.

[bayu7adi]

In the year 2024, the much-anticipated halving event will take place, and it is believed by many that in 2025, the All-Time High (ATH) will occur. This belief is based on the notion that after the halving, there will be a surge in prices. However, there is no guarantee that this cycle will repeat itself in 2024.

I do not deny this cycle, but I am not going all-in during this phase. Adverse possibilities can still arise at any moment, so I must remain cautious in case Bitcoin fails to reach $100K in 2024.

[Kryptowerk]

Who Buys Bitcoin When The Price is 100k$?

He who believes that bitcoin will hit $1m will by @$100k.
Ironically, El Salvador did...

Well, not really at $100k, though. But yeah they bought very high, riding on one of the top-waves of that cycle's hype-train.
In a decade these prices will seem very cheap.

As long as Bitcoin offers what it offers now, which is no-where else to be found, there will be demand for Bitcoin. As economies and goverments fail, demand will rise.
But there are also less dramatic reason for Bitcoin to flourish, almost idependently of its market price. One of the latest may be the ARK-protocol. A lightning-network related idea, that yet needs to be fully implemented but will avoid some of the difficulties of Lightning and adding some amazing upside at the same time.
And quite possibly there will be other technical advances, keeping Bitcoin by far in the spot for world-leading-cryptocurrency.

[Ale88]

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.

I think that in a certain way we can compare the $100k to the $1k and $10k: they are all psychological numbers that could stop some people from buying, and many others would be willing to sell. But it's impossible to predict what will happen, back in 2017, when BTC reached $10k for the very first time, in a few weeks was almost at $20k so who knows how many people sold at approx $10k and then, because of the fomo, bought back at $13-15-18k? And then it dropped again to $3,500 so probably many lost money twice.

[suzanne5223]

I'm not sure if there are many companies that accumulate Bitcoin at the ATH price years ago and later sell when the price drop but since there are no companies that file for bankruptcy then, I think the statement is just a prediction of some people.
The only bankrupt company that's into crypto we hear about is the Silicon Valley Bank.
Having said that it is important for institutional investors, companies, or individuals that want to invest in crypto to learn the basics because when the market is in panic is the best time to invest not when there's bullish.

[Bitcoin_people]

Those who invested and held when Bitcoin's price peaked are now in dire straits. When Bitcoin hit its record high but people were more inclined towards Bitcoin only for investment. But if they didn't know the price of Bitcoin would fall into such a bear market, they would have sold it immediately. But they invested in bitcoin then people thought bitcoin price would reach $100k but it didn't but the market price dumped the price. But according to 2024, if bitcoin is invested now then maximum profit is possible. There is no doubt that Bitcoin will be worth $100k, but when it hits, people will still invest heavily. They will invest and hold for later.When the market rises to $100k, investors will convert their money into Bitcoin and keep it for the future. If the Bitcoin market touches $100k, there will definitely be a next halving at $200k and investors will invest from that position.

[CryptoBuds]

In the year 2024, the much-anticipated halving event will take place, and it is believed by many that in 2025, the All-Time High (ATH) will occur. This belief is based on the notion that after the halving, there will be a surge in prices. However, there is no guarantee that this cycle will repeat itself in 2024.

I do not deny this cycle, but I am not going all-in during this phase. Adverse possibilities can still arise at any moment, so I must remain cautious in case Bitcoin fails to reach $100K in 2024.

Some people have thought about this as well, when everyone knows bitcoin will go up in price after the halving and everyone will sell bitcoin, who will buy all bitcoin at that high price? I've been thinking about this too, and I don't want to bet everything on the next halving either.
I mean, bitcoin will still hit $100k, but things are getting too easy, so there will likely be changes to make it more unpredictable and attractive. If we do a small survey on the halving, I believe that 99.9% of investors have high expectations and are very confident that the price will definitely rise. That makes me more cautious than Fomo following the crowd.

[YUriy1991]

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

As far as I know, people who invest in Bitcoin think that the price of Bitcoin will go up, there are some people who think that they will not sell their Bitcoin until the price goes up, and on the flip side, there are many people who don't. They believe that the price of Bitcoin will fall further, so they sell it at a low price in a hurry. But most people who already know about Bitcoin always benefit.

The point is like this, in my opinion, not everyone who knows about Bitcoin will definitely be profitable in trading. Now. the reason is that everyone has a different strategy and approach, be it an investor or an institution, because it is clear that there are certain risks ahead, and what has been successful in the past may not necessarily be successful in the future.

Why people always do their calculations when entering the market is nothing but the price can change quickly due to negative market sentiment issues, FUD news, or from influential people for example, tomorrow 29.06.2023, 06:30 UTC — Fed Chair Powell Speech. even though rapid price fluctuations don't always describe the true value of Bitcoin, you know.

[bettercrypto]

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?

Much is expected of such a Bitcoin price next year. Why do you think all Bitcoin holdings will sell their bitcoin holdings? The answer is probably mostly Yes they will sell. But there are still those who will buy bitcoin even if a Bitcoin is 100k$ or the other holders will still remain in the holding thinking that bitcoin will increase even more than that.

If it happens that the majority of Bitcoin holders including the whale holders will sell, the value of Bitcoin will surely drop again after it reaches 100k$ each, what do you think?

[lienfaye]

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?

If you buy at $100k then you have to sell it at a higher price to profit. That's the way to gain from your investment, in addition you need a long patience. But why would you wait for an expensive price to buy if you can do it now while the price is much cheaper?

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

There's always a possibility to surpass a $100k price. However we can't certainly predict when it might happen so we just need to wait and be firm when it comes to holding.

[Woodie]

I think this is what scares anybody outside the bitcoin circle thinking you have to buy a whole bitcoin when in fact not!!!

If anything with crypto it's based on how much you want, a dollar, $5, $100 you name it it's all about how much you want or can afford...think of this as being a buffet, you can eat whatever you like but only get what you will be able to finish 

So who buys when the price is 100k$?? It's still going to be us, the same way it's priced at $30k or it was priced at $70k we shall still buy but of course is someone wants to buy 10000 bitcoins this person is considered a whale!!

[EarnOnVictor]

There will always be buyers and sellers of Bitcoin.

The $100k price you called might be a stable price by then where the coin might stay for a very long period of time. Just that it would be scary for someone to think anyone could buy and hold Bitcoin at its present price when it was still at about $1.

The feeling is often hesitant but when it's the reality, everyone would accommodate it just as they do now.

[Mauser]

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

That is a really good question, because I think that many of the long term Bitcoin holders have set a specific goal in their minds at which they would start thinking about selling their coins. 100,000 USD seems like the first major milestone where some of the older investors who are holding bitcoins for years would consider selling some of their coins. Personally I had planned to sell 10% of my coins when we reach a new ATH above 100k to buy something nice for me and my family. The question is of course, who would buy all these coins then and can the price maintain a such high levels. If all of sudden the exchanges get flooded with sell orders then the price should drop considerably. The only solution would be if the future outlook for Bitcoin is so strong that investors would expect to rise much higher in a short period of time. Then there could be some larger corporations trying to acquire more Bitcoins leading to strong upward pressure in the market.

[hZti]

Somehow its a silly discussion that still goes on for pages and pages. It is the same with any asset. People will buy it if they see a use in it. A use could be that you want to send bitcoin to somebody and buy it therefore and it could also be that you want to speculate on rising prices.
In general people 5 years ago would also not understand who would buy bitcoin for 30.000 USD, yet here we are and people consider these prices as cheap.