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Author Topic: Who Buys Bitcoin When The Price is 100k$?  (Read 1197 times)
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June 29, 2023, 06:23:50 PM
 #121

You would have said the same when Bitcoin price went from $3.5k in March 2020 to $30k in 2021. Why would someone buy Bitcoin now as it's 10x within an year?
Guess what? People bought and price went up to 20x with $69k the All-Time High of Bitcoin. Similarly, when the price will reach $120k, there will still be buyers looking to buy the bits left in the market. Don't worry about that, it started from $1 and is currently at $30k and still people buying.
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June 29, 2023, 06:47:50 PM
 #122

While there is demand, regardless of the price of bitcoin, someone will buy when the price is $100K, people who buy at that price want a higher price, I think there will be more people who believe that the price of bitcoin is $100k or even 1 million, they believe, considering there are many factors why bitcoin can increase more than 10x of its purchase price.

For example, bitcoin's ATH is 100K, so of course many people will buy because of hype or other trends, they will definitely think from this cycle when the next ATH of bitcoin can reach 150K/200K, that's possible because the history of bitcoin cycles always increases, this is a factor that we know but there are other things that make them believe in bitcoin regardless of the price at which it is purchased.

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June 29, 2023, 06:50:51 PM
 #123

People will buy Bitcoin even after the price of Bitcoin reaches $100k because then Bitcoin will have a target to cross $200k and also investors will buy Bitcoin to invest in various places and gamblers will buy it to gamble. Some will buy for trading and some will buy for some other purpose. and even if the price of Bitcoin exceeds $1 million dollars, no one will stop buying it. Because Bitcoin is an asset whose need will never end. like fiat money. So it's silly to question who will buy Bitcoin once it hits $100k
No, there is no way to predict if how much price Bitcoin will reach. We are not even sure if it's truly possible for Bitcoin to climb $100k. $100k is already a massive amount and even if it's possible, the price could hardly increase anymore after that, so there might be no people who will buy BTC at $100k, not even the institutions but let's not forget the fact that Bitcoin is volatile.

The price can still go down and that will only be the time for the investors to accumulate. There are still cheap cryptos out there which are also great in terms of being an asset or a currency. People can always go for them. There is no need to force their selves on Bitcoin.
The way to predict the price of Bitcoin is always there, because it is only limited to predictions, but no one can be sure or have a guarantee that their predictions are appropriate.
People who say like this are not much different from people who in the past who at that time Bitcoin were still at the price of $ 10K, he said that Bitcoin would never touch the price of $ 50k, but in fact not, even exceeding what he thought was impossible .
Even if you doubt it, I hope it's only for yourself, sir.
Maybe later ATH $ 100K is reached and returns to correction as it is today, it is possible for Bitcoin to form his new ATH again in the next cycle and in fact there must be people who trading it or maybe holding it for the future longer, like the mindset of people when This.

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June 29, 2023, 06:58:40 PM
 #124

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 still feel that bitcoin enthusiasts will still be quite a lot for the next few years and when asking about this in the end maybe we should look back at the past.
Who buys when bitcoin is ATH? If indeed in the end there are many people and it is still seen with several conditions where there are still quite a lot of people complaining about the previous high purchase, I think the conditions are still the same.
In the end, we might as well buy at that price in the future because we won't know anything with bitcoin that is more than the price we expect.
As long as the enthusiasts are still there, of course there will still be those who buy, no matter how high the price is.

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June 29, 2023, 07:26:56 PM
 #125

The market is more active when Bitcoin's price has increased even more. Because during the market, uncertainty and anxiety are high in the market and that's why people are only a few to do such things as accumulating during that period. While for the bull run, everyone's too active and hyper and that's why hope that many will start to buy and feel FOMO before anything else. That's why if it's gonna be the same as what we are now if bitcoin hits $100k or even more. I bet that there will even be more people gonna be interested in bitcoin if it reaches a ceiling of $1M.

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June 29, 2023, 08:49:55 PM
 #126

You would have said the same when Bitcoin price went from $3.5k in March 2020 to $30k in 2021. Why would someone buy Bitcoin now as it's 10x within an year?
Guess what? People bought and price went up to 20x with $69k the All-Time High of Bitcoin. Similarly, when the price will reach $120k, there will still be buyers looking to buy the bits left in the market. Don't worry about that, it started from $1 and is currently at $30k and still people buying.
It's true, that's the cycle that happens. now it might look scary if kia buys at 100k. but a few years later maybe buying at 100k will be a thing that isn't scary. because even 5 or 10 years ago people would not have expected to buy bitcoin at 30k like it is today. Maybe the price of 30k, which is currently holding up, will be hard to find again in the future. and in the future the price of Bitcoin could revolve around 100k. so buying at 100k at that time might be considered normal.
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June 29, 2023, 09:11:23 PM
 #127

You would have said the same when Bitcoin price went from $3.5k in March 2020 to $30k in 2021. Why would someone buy Bitcoin now as it's 10x within an year?
Guess what? People bought and price went up to 20x with $69k the All-Time High of Bitcoin. Similarly, when the price will reach $120k, there will still be buyers looking to buy the bits left in the market. Don't worry about that, it started from $1 and is currently at $30k and still people buying.
It's true, that's the cycle that happens. now it might look scary if kia buys at 100k. but a few years later maybe buying at 100k will be a thing that isn't scary. because even 5 or 10 years ago people would not have expected to buy bitcoin at 30k like it is today. Maybe the price of 30k, which is currently holding up, will be hard to find again in the future. and in the future the price of Bitcoin could revolve around 100k. so buying at 100k at that time might be considered normal.
I think I can relate to what you  mean, because years back when the price was low as 10k people were skeptical as they are now in buying when the price actually reach 30k or even 20k but look at where we are today people are still buying even when the price finally reached 30k so like you said same feat will happen when the price climbs to 100k maybe by that time people will guessing to see the price climb to 150k so buying at 100k will be a normal thing then.

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June 29, 2023, 10:51:04 PM
 #128

I think I can relate to what you  mean, because years back when the price was low as 10k people were skeptical as they are now in buying when the price actually reach 30k or even 20k but look at where we are today people are still buying even when the price finally reached 30k so like you said same feat will happen when the price climbs to 100k maybe by that time people will guessing to see the price climb to 150k so buying at 100k will be a normal thing then.
Bitcoin has one market price so traders/investors have no other choice but to buy bitcoins at 100k because the price speculation is expected to be much higher above 150k in the next few years. However, we should have a DCA strategy to invest increasing the portfolio since the current price, do market analysis to overcome the skeptics because some speculations say if the price has reached above $ 30k then the chances of reaching ATH are high within this year.

Even though we discussed the price of 100k has never been reached in the history of the highest Bitcoin price, but believe me the price of $ 100k is getting closer because 100k can be reached at any time without us anyone being able to predict it, so don't want to buy Bitcoin at 100k then make sure you have lots of Bitcoin in your portfolio.

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June 30, 2023, 03:37:17 AM
 #129

You would have said the same when Bitcoin price went from $3.5k in March 2020 to $30k in 2021. Why would someone buy Bitcoin now as it's 10x within an year?
Guess what? People bought and price went up to 20x with $69k the All-Time High of Bitcoin. Similarly, when the price will reach $120k, there will still be buyers looking to buy the bits left in the market. Don't worry about that, it started from $1 and is currently at $30k and still people buying.
It's true, that's the cycle that happens. now it might look scary if kia buys at 100k. but a few years later maybe buying at 100k will be a thing that isn't scary. because even 5 or 10 years ago people would not have expected to buy bitcoin at 30k like it is today. Maybe the price of 30k, which is currently holding up, will be hard to find again in the future. and in the future the price of Bitcoin could revolve around 100k. so buying at 100k at that time might be considered normal.
I think I can relate to what you  mean, because years back when the price was low as 10k people were skeptical as they are now in buying when the price actually reach 30k or even 20k but look at where we are today people are still buying even when the price finally reached 30k so like you said same feat will happen when the price climbs to 100k maybe by that time people will guessing to see the price climb to 150k so buying at 100k will be a normal thing then.
That's right what I mean. Because if you think about today's Bitcoin price, which is still around 30k, of course we feel that the price of 100k is very high. and maybe even some of us here will definitely plan to sell at 100k instead of buying it.

But a few years later I think the price of 30k we will really miss. Because maybe the price of 30k will not be found again. if bitcoin adoption has grown more rapidly. A few more halvings, the price of 100k to 200k might come true.
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June 30, 2023, 07:49:19 AM
 #130

I think I can relate to what you  mean, because years back when the price was low as 10k people were skeptical as they are now in buying when the price actually reach 30k or even 20k but look at where we are today people are still buying even when the price finally reached 30k so like you said same feat will happen when the price climbs to 100k maybe by that time people will guessing to see the price climb to 150k so buying at 100k will be a normal thing then.
Bitcoin has one market price so traders/investors have no other choice but to buy bitcoins at 100k because the price speculation is expected to be much higher above 150k in the next few years. However, we should have a DCA strategy to invest increasing the portfolio since the current price, do market analysis to overcome the skeptics because some speculations say if the price has reached above $ 30k then the chances of reaching ATH are high within this year.

Even though we discussed the price of 100k has never been reached in the history of the highest Bitcoin price, but believe me the price of $ 100k is getting closer because 100k can be reached at any time without us anyone being able to predict it, so don't want to buy Bitcoin at 100k then make sure you have lots of Bitcoin in your portfolio.
Every Satoshi we collect today might turn into a treasure tomorrow. Its not unlike the story of the hardworking ant, diligently saving up for the winter, or in our case, the next bull run. Your DCA strategy is sound, and I support it wholeheartedly. Its about making consistent, regular investments regardless of the price, effectively averaging out your costs over time.

People who think Bitcoin reaching 100K is impossible probably also thought the earth was flat. Nothing is predictable in the world of crypto, but with the resilience and vigor that Bitcoin has displayed over the past decade, it's not unreasonable to believe we could hit the 100K mark sooner than we think. Thus, continue stacking sats and be ready for when the Bitcoin train finally hits the 100K station.

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June 30, 2023, 08:09:40 AM
 #131

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

I don't know when will price of Bitcoin will surpass 100k$ nor do many but I have a firm believe that it will surpass 100k some day. There are many like me who believe that Bitcoin will surpass 100k$.

To you second question that who will buy bitcoin when it will be at 100k? Just like today people are buying at 30k with mindset that price will go beyond that upto 50k. We dont know the definite price target of bitcoin, some say bitcoin will some day be of 1 Million USD or above. It started with zero dollars and has seen ATH of 67k$. We are not sure what lies ahead.
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June 30, 2023, 08:27:23 AM
 #132

Compared to reality and fiction, it is fair to say that the price push is all rooted in the belief in the opportunity to make a profit, just like the story of btc, at $5000, will many people expect it?
the fact that it's nearing $70000, I think future stories are all possible in our minds, and the $100000 mark will probably be crossed, and people who buy it are looking for profit opportunities, like nostalgia the current situation and the story believes in the price increase when the market has more positive signs.









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June 30, 2023, 08:28:07 AM
 #133

I don't know when will price of Bitcoin will surpass 100k$ nor do many but I have a firm believe that it will surpass 100k some day. There are many like me who believe that Bitcoin will surpass 100k$.

It's more better for us to buy now that we are aspiring for that all time high which could be a big catch for most of us investing with bitcoin today,this makes it more interesting to know that we are currently aiming to regain back the all time high of $68,000 ad from there hence it also begin to rise and till it attained the rate of $100,000 or beyond.

To you second question that who will buy bitcoin when it will be at 100k?

People will still buy more and keep because bitcoin had many highs it can attain after getting to $100,000 and it's value will keep increasing with no limit to how far it can rise or go beyond this range




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June 30, 2023, 11:27:21 AM
 #134

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?

People who always buy at the new all time high price are the doubters and people that are gonna blame bitcoin if ever they bought at $100,000 then suddenly it dumps because it is bearish season.

The most ideal thing to do when the price dumps after you bought at the peak then bearish market hits afterwards, is to hodl. It takes a lot of patient actually, because you're gonna wait for the next halving again for you to sell your Bitcoin at the new all time high price it's going to make.
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June 30, 2023, 12:34:27 PM
 #135

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?

As an investor you should no that's market will not always be rossy all the time, that market moves against your entry point doesn't mean it will not come back or even move higher. It just like a friend that invested on Bitcoin when it was $28k and the the next day the market drop to $26k but he was very confident knowing the potential of Bitcoin that it will surely bounce back even go higher, it was not up to a week Bitcoin move back $28k even break to $30k so he collected his profits. That's how market works because if you always expect the market to always move according to your wish you might end up having heart attack.


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June 30, 2023, 12:50:59 PM
 #136

Compared to reality and fiction, it is fair to say that the price push is all rooted in the belief in the opportunity to make a profit, just like the story of btc, at $5000, will many people expect it?
the fact that it's nearing $70000, I think future stories are all possible in our minds, and the $100000 mark will probably be crossed, and people who buy it are looking for profit opportunities, like nostalgia the current situation and the story believes in the price increase when the market has more positive signs.
Just like history, it will definitely repeat itself like $100k can be the bottom in the near future while people are talking about the next ATH which could be more than $500k.

To you second question that who will buy bitcoin when it will be at 100k? Just like today people are buying at 30k with mindset that price will go beyond that upto 50k. We dont know the definite price target of bitcoin, some say bitcoin will some day be of 1 Million USD or above. It started with zero dollars and has seen ATH of 67k$. We are not sure what lies ahead.
$1M is like a dream of many and way back a decade ago, thinking of bitcoin reaching $100 is like thinking of bitcoin to $1M at these moments. No matter what will be the price of bitcoin, there will always be the demand that will be made by institutions and retailers.

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Salahmu
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June 30, 2023, 01:03:47 PM
 #137

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?


As an investor you should no that market will not always be rossy all the time, that a market moves against your entry point doesn't mean it will not come back or even move higher since is Bitcoin, It just like a friend of mine that invested on Bitcoin when it was $28k and the the next day the market drop to $26k but he was very confident knowing the potential of Bitcoin that it will surely bounce back even go higher, it was not up to a week Bitcoin move back $28k even break to $30k so he collected his profits. That's how market works because if you always expect the market to always move according to your wish you might end up having heart attack.

So we are very hopeful Bitcoin will surely break $100k in the near future.




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SamReomo
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June 30, 2023, 01:08:27 PM
 #138

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?

That's somewhat true, but my friend I'm pretty sure that Bitcoin's price will far exceed the $100k price mark. Those people who invest in Bitcoin when it's price is at $100k will have to hold their investment if out of sudden the market crashes and the value of Bitcoin dumps. The good companies know the volatility of Bitcoin, and they only invest in Bitcoin the money that they don't need for more than 4 years.

The newbie investors who invest in Bitcoin when its price is at peak will have to know a fact that Bitcoin can dump anytime from its all time high, and they should study the market properly before investing their money into Bitcoin. However, I must say that the ones who believe in Bitcoin will never get panic if the value of Bitcoin drops to $50k after reaching $100k because they know that Bitcoin can again crosses that $100k price mark, and it can even reach $1 million or more in price after a decade or two.
 

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CageMabok
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June 30, 2023, 01:17:48 PM
 #139

As an investor you should no that's market will not always be rossy all the time, that market moves against your entry point doesn't mean it will not come back or even move higher. It just like a friend that invested on Bitcoin when it was $28k and the the next day the market drop to $26k but he was very confident knowing the potential of Bitcoin that it will surely bounce back even go higher, it was not up to a week Bitcoin move back $28k even break to $30k so he collected his profits. That's how market works because if you always expect the market to always move according to your wish you might end up having heart attack.

The profit he accumulated was also too fast and too little if he didn't buy a lot, because today Bitcoin has passed the price of $31K which is much better for people who have bought at $28K. It looks like the market will continue to improve although not necessarily to one's liking, as a gradual increase is also good to watch and any investor will always enjoy this quite happily.

But those who are easier to sell in the short term when they see a little profit, I think it's not investors, but just ordinary traders who often take profits of any size. And that is of course very different from investors who prefer to take more profits in the long term.

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June 30, 2023, 02:16:30 PM
 #140

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.
It should be noted that Bitcoin will never reach the point where there will have no buyers. If no buyer is found after $100K, then remember that Bitcoin will not be able to rise to $100K. The price of Bitcoin will be $100K when the price of Bitcoin becomes more than $100K. Bitcoin is currently priced at $30K and is increasing slowly in price. Keep in mind that Bitcoin is unregulated and cannot increase or decrease in price artificially.

Overall the market moves at its own pace. However, global economic conditions and business and political factors can affect the price of Bitcoin. As some are predicting that Bitcoin may reach 1 million in the next few years, the price of $100K will not be so high ‍at that moment. An investor's main goal is to make a profit. If he is likely to make more profit than the price at which he buys, he will definitely consider buying at a higher price.

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