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Author Topic: Who Buys Bitcoin When The Price is 100k$?  (Read 1256 times)
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July 02, 2023, 03:28:48 PM
 #161

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?

In short: yes. 2024 or 2025 but it will surpass 100k. Bitcoin can't be stopped and it's deflationary by design. And the time you'll have to wait for the gains depends on when you buy: on the way up during this cycle (until end of 2025 or earlier) or on the way down next cycle (2026-2029)? If you'll buy on the way down you'll have to wait at least 3 years to at least break even.
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July 02, 2023, 03:44:34 PM
 #162

The late comers who were not aware of btc when it was below 100k will buy with the hope that it would get to 200k and above.
Although personally I don't think I will be buying when the price is that high, reason why I should take advantage of this time as an early supporter to buy as much as I can afford.

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July 02, 2023, 04:28:12 PM
 #163

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?

It is also being used as medium of payment. So people will be using it for transactions for which they will have to buy crypto.
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July 02, 2023, 04:46:57 PM
 #164

The late comers who were not aware of btc when it was below 100k will buy with the hope that it would get to 200k and above.
Although personally I don't think I will be buying when the price is that high, reason why I should take advantage of this time as an early supporter to buy as much as I can afford.
Agree with this because indeed with the movement of bitcoin one day the price might be more than imagined and $100k could also be worth it to buy so that regardless of all the conditions and prices that occur later, if bitcoin is still one of the $100k worth of assets is obvious it will be bought even not only for beginners, allows this also bought even by old people.
We don't know what will happen in the future, the fact is that when bitcoin entered the previous ATH at $68k there were still people buying it means that there is still a lot of demand for it so this will also be the same for $100k.

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July 02, 2023, 05:58:33 PM
 #165

If the price of Bitcoin has reached 100k$ then transactions will continue and as it happens today, because there is still hope Bitcoin can reach 1 million dollars because the value of Bitcoin has no limit, although later there will be a decrease it will only occur half of the price and there is definitely a high possibility that it can increase again, it is the same as we feel today, In the past, the value of Bitcoin was very low and far like the value that is happening today, then everything will continue to rotate as it is today even though the value has reached 100k$.
Your optimism, I must say, is refreshing in this often volatile world of cryptocurrencies. We can ascertain, as per your theory, that as long as there's hope for further growth, Bitcoin's transactions would indeed continue - even if its value crosses the $100k mark. You suggest a cycle, a financial ebb and flow, if you will.

However, I'd implore you to consider the market dynamics as well. Notably, the concepts of demand, supply, and market equilibrium. Essentially, when Bitcoin reaches such a towering value, its demand might shrink due to its inflated price, affecting the transaction volume.

Also, lets not overlook the fact that investor confidence is crucial in this scenario. If they suspect a "bubble burst," a sudden withdrawal could occur, causing a precipitous drop. Thus, although your theory of a "half price decrease" seems reasonable, market unpredictability could sway the pendulum either way.

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July 02, 2023, 06:33:11 PM
 #166

No matter what is happening in the crypto market, there will be buyers and sellers that will buy no matter the price in the market, and there will be seller that will sell no matter the price to solve problem at the moment. there are some long term investors who will not sell their crypto until the price hit $150k or $200k before they can sell to smile because, they understood crypto investment very well that it required long term. I don't think the price of BTC will reach $200k next year 2024 because, the price is still struggling to hit $40k before investors will believe that the price will reach $80k before the end of the year. But the price of BTC will reach $100k or $200k but not next year because it will take a long years before such price will happen in the market.

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July 02, 2023, 07:50:56 PM
 #167

Never buy at the top price. Those who know this will never buy Bitcoin at $100k if this is what will eventually become the next all-time high. What were you doing when the market was red? You thought that it will never pump back up huh? Now that it's green, now you want to invest in it? And then when you make a loss buying the top, you blame the Bitcoin. This is just how it is. Those who have less experience or are new to the concept will see the rising price and think of it as an opportunity to become rich overnight.

So there will always be people willing to buy at the top. Newbies or greedy or people without proper knowledge will always come forward and buy those tops. But if they can learn from their mistakes and act as such to keep holding till the next bull run, they might not be at such a loss. But this is quite unlikely given the fact that what kind of investors they are. I doubt they will be able to do it. Also, one's loss is another's profit. That's how trade works. So if there's no one to buy or sell, how can we trade?
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July 03, 2023, 06:09:05 PM
 #168

100k is still considered cheap by many Bitcoiners on this forum. Because they all see a future of Bitcoin being worth millions, and they have good reason to believe that. I also believe that Bitcoin will be worth a lot more than 100k USD someday.
The belief that bitcoin will reach 100k USD is in line with its last ATH, but if there is a question when that will happen, you may not be able to answer it for sure, but if it is related to a four-year cycle then we can answer at the next ATH. Bitcoiners have gone through many processes in bitcoin so they can see great opportunities for their future.

You could have asked this question at any time in the past when Bitcoin prices were in the 4-digit or even lower, people would have said 30k Bitcoin? Impossible. Who would buy Bitcoin at 30k? But we had Bitcoin at higher than that. At 60k.
Coming back again to the faith of who is asking and the extent of their involvement in the investment, even though historically people can look at the price of bitcoin from its emergence to the present but sometimes when they are not directly involved it diminishes their trust. That's fine because faith will go hand in hand with their involvement in bitcoin and everyone will come to their own conclusion.

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July 03, 2023, 06:24:16 PM
 #169

If the price of Bitcoin has reached 100k$ then transactions will continue and as it happens today, because there is still hope Bitcoin can reach 1 million dollars because the value of Bitcoin has no limit, although later there will be a decrease it will only occur half of the price and there is definitely a high possibility that it can increase again, it is the same as we feel today, In the past, the value of Bitcoin was very low and far like the value that is happening today, then everything will continue to rotate as it is today even though the value has reached 100k$.
The market will continue in the same way in the future as it has done in the past. People are constantly increasing in the world, so investors will also increase. At the same time the demand for Bitcoin will also be increased and the price will naturally move towards the high. In the past when bitcoins were sold for cents the current price was the dream to them but that has been implemented today. Also in the future when Bitcoin hits 100k it will move towards 1 million.

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July 03, 2023, 08:56:18 PM
Merited by fillippone (1)
 #170

 Crypto investors will continue to place orders for bitcoin regardless of price. Do not forget that there are millions of people worldwide who have not yet purchased bitcoin. I think they'll do that eventually; perhaps when bitcoin prices reach $100,000 or more.

Having said that, investors like us will continue to rush to buy bitcoin at whatever high price it may reach in the future because we believe that it will continue to have a bright future.

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July 04, 2023, 08:23:06 AM
Merited by fillippone (1)
 #171

Crypto investors will continue to place orders for bitcoin regardless of price. Do not forget that there are millions of people worldwide who have not yet purchased bitcoin. I think they'll do that eventually; perhaps when bitcoin prices reach $100,000 or more.

Having said that, investors like us will continue to rush to buy bitcoin at whatever high price it may reach in the future because we believe that it will continue to have a bright future.


Yes. there is no possibility and no hindrance for people to continue to buy Bitcoin even if the price reaches $100,000. In fact, there are still a lot of people out there who aren't into Bitcoin yet, and they may jump in when the price gets really high. Seeing that the enthusiasm is increasing, investors who have strong hands will also join in in the end, Yes. they will still buy it no matter what the price is because they are long term traders. Unless there is BTC information it will be Game Over.

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July 04, 2023, 09:24:15 AM
Merited by Adams0001 (1)
 #172

I had a talk about Bitcoin with my brother two days ago, he said that he have interest in buying Bitcoin but the price is dropping, he asked me how lower will Bitcoin go? I told him that I don't know and he said that when it starts rising again he will buy, you see, no one wants to buy Bitcoin when it's dumping, many people still prefer to buy when the FOMO is back in the market, no wonder lots of money swim into crypto when the bulls are back and the truth is some people are still able to make money after buying at high price, but they won't make a lot compare to those that bought at lower prices, it seems that higher price and fomo gives some people the confidence to buy more than buying at lows because they fear it could go lower.
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July 04, 2023, 11:51:47 AM
 #173

If the price of Bitcoin has reached 100k$ then transactions will continue and as it happens today, because there is still hope Bitcoin can reach 1 million dollars because the value of Bitcoin has no limit, although later there will be a decrease it will only occur half of the price and there is definitely a high possibility that it can increase again, it is the same as we feel today, In the past, the value of Bitcoin was very low and far like the value that is happening today, then everything will continue to rotate as it is today even though the value has reached 100k$.
I agree with you. Because it's only a matter of time. Because maybe in the next few years the price of bitcoin at 30k-60k will actually look very low. same as we see the current 6k-10k figure which looks very bottom. And maybe in the next few years, I personally might still be interested in accumulating at a price of 100k if I still see the potential for a higher increase, such as up to 250k.

Even people who used to sell bitcoin at 1k then of course at that time they couldn't imagine bitcoin would reach ATH at a price of over 60k. Well, just like us now, we may not be able to imagine higher prices in a short time. and maybe in the next 10 years we will regret selling at 30k-60k.
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July 04, 2023, 12:16:18 PM
 #174

If the price ever comes to that point (fingers crossed), pretty sure that there's still people out there that's still going to buy at that price, I don't think that it's going to discourage buyers and I'm more inclined to believe that bitcoin's going to make hidden investors come out of the woods to buy in hopes that the 100k price isn't the absolute peak, some people will always get in late in the hype and I don't think that your notion that no one is going to buy when bitcoin reaches 100k will ever be true. Take stocks as an example, Berkshire Hathaway stock as an example, it's priced at 500k+ USD right now and people are still buying it, the price didn't stop them.
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July 04, 2023, 12:37:56 PM
 #175

I had a talk about Bitcoin with my brother two days ago, he said that he have interest in buying Bitcoin but the price is dropping, he asked me how lower will Bitcoin go? I told him that I don't know and he said that when it starts rising again he will buy, you see, no one wants to buy Bitcoin when it's dumping, many people still prefer to buy when the FOMO is back in the market, no wonder lots of money swim into crypto when the bulls are back and the truth is some people are still able to make money after buying at high price, but they won't make a lot compare to those that bought at lower prices, it seems that higher price and fomo gives some people the confidence to buy more than buying at lows because they fear it could go lower.

So this also means that people will buy at 100K mostly when they see a bull run, which means that on green days people are buying it, but on red days few are buying it because they are scared of going further down. That is really the problem with other people, as they don't treat it as a sale. Just imagine when there are sales at the mall; they are really buying it, and if the price goes back to normal, people wait for it. It is really the opposite in Bitcoin, as they are more buying when the price is high.
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July 04, 2023, 12:44:23 PM
 #176

Who? most of people will still buy Bitcoin regardless of it's price, which mean they can buy when Bitcoin price is $100K, $200K, $500K, $1M, $10M, $10B etc.

When the last Bitcoin ATH is $69K, people right now think it's expensive to buy Bitcoin when the price hit $100K, but if it's always stay in $100K and it increase to $200K, people will regret for not buy Bitcoin when the price was $100K and the cycle keep repeat.

 
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July 04, 2023, 01:32:39 PM
 #177

My indirect answer to your question is that, when will the last mining occur and what is the total number of bitcoins users as we speak. This factors plays important role in determining  price movement. Since mining will take long to come to an end, it's price will continue to skyrocket and as more people come in to the game. The only thing is the exit and buyback strategy in place to grab profit.
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July 04, 2023, 02:39:50 PM
 #178

I think the more the price increase, the more it attracts buyers for sure because they know that it won't be the last time Bitcoin's price increases. Also, you can see some significant companies making their moves when this event happens in the future because they also want to ride the trend by making some noise in the middle of the busy crypto market. There are lots of people that are already doing some research, mostly rich people that are considering buying bitcoins in the future but all they are waiting for is a huge sign and that would be a nice sign to buy bitcoins whenever you are ready because you can assure that it won't let you down after that huge increase of its price.

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July 04, 2023, 02:46:04 PM
 #179

I think the more the price increase, the more it attracts buyers for sure because they know that it won't be the last time Bitcoin's price increases. Also, you can see some significant companies making their moves when this event happens in the future because they also want to ride the trend by making some noise in the middle of the busy crypto market. There are lots of people that are already doing some research, mostly rich people that are considering buying bitcoins in the future but all they are waiting for is a huge sign and that would be a nice sign to buy bitcoins whenever you are ready because you can assure that it won't let you down after that huge increase of its price.
It truly will and imagine if rich dudes like Elon started to hoard on these. I kinda have mixed feelings in company trying to integrate crypto. I can even recall back in the days when Microsoft adopted using of Bitcoin as their alternative payment method and then pulled out. Same goes for Steam, as my platform on where I play and buy PC games, I believe they accepted Bitcoin before but then removed it also. If the company would handle the volatility of Bitcoin then good for them.

Surely aside from what you just said, it will be harder for new people to buy Bitcoin let alone a whole coin. Here in my country, you gotta be just lucky to even get a one whole coin.
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July 04, 2023, 09:36:21 PM
 #180

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?

Actually anyone buying Bitcoin at $100k wouldn't be thinking of gaining anytime soon owing to how Bitcoin trend is. Also, it is risky highly risky when you buy Bitcoin at mooning stage when the price skyrockets because it is always seen to have faced a deep dip afterwards or to some extent little dip ... therefore if anyone is buying at that rate ...then the person is not willing to trade any moment sooner from then...will have to hold for long to get maximum profit

Nobody knows how high the price of Bitcoin will be next year or how low. We all are looking forward to halving next year and the aftermath 😉
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