Road to 100k?

[laijsica]

Exactly. When you look at it from that stand point, you see that the party for Bitcoin to hit 100k is only favorable to those who have been accumulating over time, as it would be, in a view, somewhat disadvantageous to those just starting up. When Bitcoin hits 100k, even the dips will still be high priced.
Whatever preparation you decide to take to curb that situation is a YOU thing. There isn't any strategy that is generalistic to a prime.
And yes, I agree with you that long term holders have no business timing and monitoring the markets because ar the long run, those small changes, price fluctuations, don't really matter.

How do you assess the losses for those who have just started when the Bitcoin price reaches $100K later? Even though those who are just starting out still haven't experienced anything through Bitcoin, except that after buying it there can immediately be a big price drop in Bitcoin. Those who are late in starting and are still thinking longer in doing it but on the one hand they also already know the price of Bitcoin beforehand, of course the ones to blame are themselves.

Bitcoin is $33k away from hitting $100k in which case you're calling it a loss on investment? If you want to be complacent when it comes to bitcoin investing, you should make long-term decisions. Chances of immediate profits are low for new investors, but accumulating bitcoins with a long-term plan is a great opportunity. In this case, experts recommend depositing bitcoins with DCA - because your investment is protected when bitcoin prices rise or fall. We can speculate about the price of bitcoin but there is no way to know the price in advance. So be careful about your investment protection and start DCA. The bull run is knocking at your door and will soon touch $100k.

[1714760001]

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[1714760001]

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[GigaBit]

thinking bitcoin reaches $100k is something very realistic because as you said before, before the halving started the price of bitcoin had already reached $70k. However reality says otherwise because approaching the halving, Bitcoin prices tend to move down. Don't be discouraged, keep holding onto the Bitcoin you have because the opportunity to reach $100k is still wide open.

Bitcoin price must touch 100 as it is only a matter of time, as we are in the current halving it will touch together in time. The all-time high Bitcoin touched was 73.6, so the falling Bitcoin price has created an opportunity for investors to invest.

Yes you are right, when bitcoin price goes down it creates opportunities for investors to invest. While the price of Bitcoin is still low, there are still opportunities for those who haven't invested. But you can profit by investing at any time, for this you need to be patient and have the ability to hold for a long time. So one should continue to invest in DCA method instead of waiting for the market to decline.

Bitcoin's fourth halving has already been completed. After the halving the market started to pick up a bit, today the price of Bitcoin is around 65k. Now have to wait for bull run, hope bitcoin will cross 100k in bull run. Some expect Bitcoin to hit 150-200k in a bull run. If one does not want to regret the bull run then start investing now.

Everyone who has held Bitcoin coins since the beginning has profited from Bitcoin and will continue to do so in the future. Already after the halving, the Bitcoin price has started to rise and will continue to rise. If we wait to find such a big dip, it can be foolish. Because in halving we can see the Bitcoin supply is decreasing and the mining reward is halved. Bitcoin's dip hunting seems completely foolish in this situation. Those who envision the current price as a dip will surely get a good return from Bitcoin. Bitcoin has started its journey towards 100K and all those successful holders must be counting down the days to celebrate that Bitcoin moment. Bitcoin will touch 100k soon and the Bitcoin investors should start investing in right now. Just can remember that the current price may be the last dip.

[Sexylizzy2813]

Everyone who has held Bitcoin coins since the beginning has profited from Bitcoin and will continue to do so in the future. Already after the halving, the Bitcoin price has started to rise and will continue to rise. If we wait to find such a big dip, it can be foolish. Because in halving we can see the Bitcoin supply is decreasing and the mining reward is halved. Bitcoin's dip hunting seems completely foolish in this situation. Those who envision the current price as a dip will surely get a good return from Bitcoin. Bitcoin has started its journey towards 100K and all those successful holders must be counting down the days to celebrate that Bitcoin moment. Bitcoin will touch 100k soon and the Bitcoin investors should start investing in right now. Just can remember that the current price may be the last dip.

Honestly I thought by now we would be having Bitcoin price at $100k before the halving period but it seems to be on a slow mo and no rush, investors are currently looking for the right time to smile to the bank but waiting till it gets to $100k is still a win win and a better profit.
No time is too late to start investing even though the price is taking it's time to go back to $70k, those holding can still hold because Bitcoin price is heading to a positive way that would some how hit $80k before the end of this month but can the high transaction fee be an obstacle to withdraw when Bitcoin price is right on track like to a $100k+? Because I see it as a means of slowing down business if it continues.

[Marvelockg]

Exactly. When you look at it from that stand point, you see that the party for Bitcoin to hit 100k is only favorable to those who have been accumulating over time, as it would be, in a view, somewhat disadvantageous to those just starting up. When Bitcoin hits 100k, even the dips will still be high priced.
Whatever preparation you decide to take to curb that situation is a YOU thing. There isn't any strategy that is generalistic to a prime.
And yes, I agree with you that long term holders have no business timing and monitoring the markets because ar the long run, those small changes, price fluctuations, don't really matter.

How do you assess the losses for those who have just started when the Bitcoin price reaches $100K later? Even though those who are just starting out still haven't experienced anything through Bitcoin, except that after buying it there can immediately be a big price drop in Bitcoin. Those who are late in starting and are still thinking longer in doing it but on the one hand they also already know the price of Bitcoin beforehand, of course the ones to blame are themselves.

Bitcoin is $33k away from hitting $100k in which case you're calling it a loss on investment? If you want to be complacent when it comes to bitcoin investing, you should make long-term decisions. Chances of immediate profits are low for new investors, but accumulating bitcoins with a long-term plan is a great opportunity. In this case, experts recommend depositing bitcoins with DCA - because your investment is protected when bitcoin prices rise or fall. We can speculate about the price of bitcoin but there is no way to know the price in advance. So be careful about your investment protection and start DCA. The bull run is knocking at your door and will soon touch $100k.

you know that at the end of the day, it's not even about Bitcoin getting to $100k or above that should be your problem, if you don't have a good chunk of bitcoin, regardless of the bull that's coming, it wouldn't make any difference at all and if you intend selling the little fraction you've been able to accumulate, you will end up spending most of it on fees which is damn unreasonable.

There is a popular phrase that goes thus, "when opportunity meets preparation that's when success is certain. Before you spend all your time wishing that Bitcoin goes high up to $100k or above, you've got to make sure that you've been able to buy as much Bitcoin as you can at different times using either your DCA methord or buying at any dip you're previlaged to witness and within past months, we've seen several corrections that have all given investors the ability and previlage of buying at low prices and even if you where able to buy during those special dips, it doesn't still mean that you should sell off your holdings once bitcoin gets to $100k as long as you've not stacked up a good quantity of bitcoin that would put you in a possible fuk you status where certain bulls can make you take part of your profit to sort out things that's best known to you, for the ones that are still at the accumulation phase, you shouldn't be too eager to wish that bitcoin will go all high to the moon cause the direct implication of that is that you will have to buy less amount of Bitcoin with a bigger amount of fiat since it isn't reasonable in itself to start selling your holding when you should be buying more bitcoin. And yeah, DCA merthord is good for long term investors but it doesn't protect you from any thing. It only helps you remain consistent with your buying over a long period of time such that you don't have to wait till you have it all before buying your Bitcoin.

[JayJuanGee]

[edited out]

Honestly I thought by now we would be having Bitcoin price at $100k before the halving period but it seems to be on a slow mo and no rush,

I'm gonna beat up upon you some more, but you seem to deserve it.  To "for sure" believe that BTC prices would be at or near $100k is a bit ridiculous, and it seem to be the opposite in regards to whatever any newbie should be wanting, especially if they were an investor rather than a trader or a gambler wanting a quick buck and to try to play some kind of a bitcoin wave.

You can be what you want, but it seems the better path is to consider a long term horizon, especially anyone in bitcoin less than 4 years, and look at your forum registration date (nearly a year and a half into bitcoin).  If you had been aggressive from the start you would be in a pretty good position, and surely it is not easy to be so spoiled in terms of the BTC price going up the whole time that you had been registered on the forum.

And, no I am not just talking to you, but I am talking to all of the guys/gals who got into bitcoin in the last year and a half.. you have been spoiled by bitcoin's price going nearly exclusively up...and yeah, maybe quite a few of you made the mistake by being overly whimpy in the way you started to invest into bitcoin, and I cannot really blame you since psychologically, bitcoin has been in pretty low historical places, especially in reference to the 200-WMA.

Maybe I have a hard time relating?

Probably the best thing to do would be to continue buying, yet perhaps there are a lot of relative newbies who are sitting on their hands and waiting for a payoff to the upside, rather than what probably would be the best the to keep buying and not be overly focused on short term prices.. and yeah maybe if BTC prices get to $200k or more this year, or maybe $400k or more next year, then perhaps at that time, you might have to reconsider if you are going to buy or if the price might be overheating..

not that I am suggesting to sell, but I realize that there can be a bit of a dilemma to continue to be buying bitcoin during your first whole cycle, which probably is the solution in terms of getting to a point that you are not overly obsessed about relatively small short term price moves, especially given the likely size of your BTC stash (unless you had been able to greatly front-load your BTC investment in the last year and a half.. yet I am not even sure if that is enough.. remember Micheal Saylor seemed to have had front loaded his investment in mid-to-late 2020, and he seems like he can never get enough - but then maybe he is not a typical example in terms of his being a bit of a psycho.. .. yet I think that the point still stands that it is not unreasonable for any normie to largely be focusing on stacking sats for their first whole cycle and maybe even longer than that, depending on their financial situation..

investors are currently looking for the right time to smile to the bank

You seem to be talking about traders, not investors.  Investors do not need any kind of short term reward like that.  Think about Tim Draper who bought around 30k bitcoin for around $600 each in mid-2014.. He looked like a fool for more than 2 years, and it seems that he mostly still continues to hold those coins rather than trading them. Sure, he might move some value around from time to time, but investors will be playing for terms that go quite a bit beyond just one cycle.. so you seem to be misusing the term "investor"  and thinking about yourself wanting to sell some (or maybe all your BTC) and hopefully, for your own good, you don't end up selling too many too soon. .that happens to a lot of newbies who act out of emotion and think that they are going to outsmart BTC price moves.. and think they got it figured out (how to play the wave.. blah blah blah).

but waiting till it gets to $100k is still a win win and a better profit.

speak for yourself.

No time is too late to start investing even though the price is taking it's time to go back to $70k, those holding can still hold because Bitcoin price is heading to a positive way that would some how hit $80k before the end of this month but can the high transaction fee be an obstacle to withdraw when Bitcoin price is right on track like to a $100k+? Because I see it as a means of slowing down business if it continues.

If you are just coming into bitcoin now, and you want to prepare for UP, then you have no choice except to buy.. the same will be true at $70k, $80k, $100k and even at higher BTC prices.

You have more freedom the longer that you have been into bitcoin and perhaps the more coins that you were able to get earlier.

One of the problems that applies to a lot of people is that they are not able to front load their investment, so even if they have been in bitcoin for a year or two or even longer, even if they are trying to be aggressive with their bitcoin investment, they may well were not able to accumulate a lot of bitcoin during the time that they have been in, so they likely are going to just need to continue to buy bitcoin regularly and even if the BTC price keeps going up.. because there is really no knowing if the BTC price will come down or not.. so then one of the questions is regarding if you have enough BTC, and if you don't have enough BTC then the most logical desires would be for the BTC price not to go up too quickly and to continue to buy, since I doubt that selling is a solution for those who do not have enough BTC..

and how long will it take to have enough.. ?  10-15 years or longer?  How long it takes partly depends on how much disposable income a person has, how aggressive they are able to be without over doing it and perhaps also whether they have other assets in which they are able to front load their BTC investment rather than merely relying on disposable income amounts as that comes in... which sometimes can take a while to really build with those kinds of levels - maybe 5% to 25% of his income. but even that would be difficult, and sometimes people struggle to dedicate in the ballpark of 10% of their income towards investing/savings (and here talking about putting such amounts into bitcoin).

[edited out]

you know that at the end of the day, it's not even about Bitcoin getting to $100k or above that should be your problem, if you don't have a good chunk of bitcoin, regardless of the bull that's coming, it wouldn't make any difference at all and if you intend selling the little fraction you've been able to accumulate, you will end up spending most of it on fees which is damn unreasonable.

There is a popular phrase that goes thus, "when opportunity meets preparation that's when success is certain. Before you spend all your time wishing that Bitcoin goes high up to $100k or above, you've got to make sure that you've been able to buy as much Bitcoin as you can at different times using either your DCA methord or buying at any dip you're previlaged to witness and within past months, we've seen several corrections that have all given investors the ability and previlage of buying at low prices and even if you where able to buy during those special dips, it doesn't still mean that you should sell off your holdings once bitcoin gets to $100k as long as you've not stacked up a good quantity of bitcoin that would put you in a possible fuk you status where certain bulls can make you take part of your profit to sort out things that's best known to you, for the ones that are still at the accumulation phase, you shouldn't be too eager to wish that bitcoin will go all high to the moon cause the direct implication of that is that you will have to buy less amount of Bitcoin with a bigger amount of fiat since it isn't reasonable in itself to start selling your holding when you should be buying more bitcoin. And yeah, DCA merthord is good for long term investors but it doesn't protect you from any thing. It only helps you remain consistent with your buying over a long period of time such that you don't have to wait till you have it all before buying your Bitcoin.

Well said.. This also would have had been a good response to SexyLizzy.  In sum. .it takes a long-ass time to build up a bitcoin holdings, even if you have been being fairly aggressive in your bitcoin accummulation for several years.

[MiF]

We have seen Bitcoin reach 70k USD and it even reached a point of 71k briefly. We are seeing history being made right here with the new all time high being set once again and it is happening even before halving.

I have high expectations that bitcoin will reach 100k but will it reach 100k without any major decline in price? Does it seem realistic that from 70k, bitcoin will continuously rise up?

It will rise i believe btc will rise up to 100k$ it is already expected since year 2021 that bitcoin will rise up to100k$ but we don know when will be the exact year. Maybe it will reach this year and 71k$ ATH will be a good sign  of it. However we still need to be careful and control emotion because we don't know what will happen next everything is just an speculation everything may still change.

[I_Anime]

We have seen Bitcoin reach 70k USD and it even reached a point of 71k briefly. We are seeing history being made right here with the new all time high being set once again and it is happening even before halving.

I have high expectations that bitcoin will reach 100k but will it reach 100k without any major decline in price? Does it seem realistic that from 70k, bitcoin will continuously rise up?

It will rise i believe btc will rise up to 100k$ it is already expected since year 2021 that bitcoin will rise up to100k$ but we don know when will be the exact year. Maybe it will reach this year and 71k$ ATH will be a good sign  of it. However we still need to be careful and control emotion because we don't know what will happen next everything is just an speculation everything may still change.

Yeah you're right, we don't actually know what going to happen next  either there will be dip or not before the surging in price. That why we have to be ready for both side, by keeping our Bitcoin accumulation ongoing till we get to a better position in our accumulation. And even though a massive dip endup occuring , the right thing to do is to purchase that dip as aggressive as we can , because if Bitcoin by any chances experience a dip it won't belong before bitcoin going to surge massively because alot of people going to use that opportunity to accumulate some sweet quantities for themselves. So now best thing to do is to keep buying with DCAing or any suitable methods for accumulating bitcoin.

you know that at the end of the day, it's not even about Bitcoin getting to $100k or above that should be your problem, if you don't have a good chunk of bitcoin, regardless of the bull that's coming, it wouldn't make any difference at all and if you intend selling the little fraction you've been able to accumulate, you will end up spending most of it on fees which is damn unreasonable

Well said mate, most people don't actually know that if they haven't gotten a good Stash of Bitcoin In their portfolio before the bull run is like waiting for nothing. For instance now due to waiting for the dip alone before accumulating and at the end there wasn't any before the surge in price and I endup holding small portion of Bitcoin like 0.01 Btc and Bitcoin manage to rise to the price range of $300k and above. That same individual will endup with $3k as his profit. But in a scenario whereby an individual didn't focus on the dip alone rather  he or she just keep on buying till Bitcoin experience a surge in price , and the users was able to accumulate 0.1 BTC and bitcoin rose to the price range of $300k that individual will endup with $30k as he or her profit. So what am I trying to say is that when it comes to Bitcoin investment all that matters the most is the numbers of Bitcoin you are holding.

[GeorgeJohn]

Exactly. When you look at it from that stand point, you see that the party for Bitcoin to hit 100k is only favorable to those who have been accumulating over time, as it would be, in a view, somewhat disadvantageous to those just starting up. When Bitcoin hits 100k, even the dips will still be high priced.
Whatever preparation you decide to take to curb that situation is a YOU thing. There isn't any strategy that is generalistic to a prime.
And yes, I agree with you that long term holders have no business timing and monitoring the markets because ar the long run, those small changes, price fluctuations, don't really matter.

How do you assess the losses for those who have just started when the Bitcoin price reaches $100K later? Even though those who are just starting out still haven't experienced anything through Bitcoin, except that after buying it there can immediately be a big price drop in Bitcoin. Those who are late in starting and are still thinking longer in doing it but on the one hand they also already know the price of Bitcoin beforehand, of course the ones to blame are themselves.

Bitcoin is $33k away from hitting $100k in which case you're calling it a loss on investment? If you want to be complacent when it comes to bitcoin investing, you should make long-term decisions. Chances of immediate profits are low for new investors, but accumulating bitcoins with a long-term plan is a great opportunity. In this case, experts recommend depositing bitcoins with DCA - because your investment is protected when bitcoin prices rise or fall. We can speculate about the price of bitcoin but there is no way to know the price in advance. So be careful about your investment protection and start DCA. The bull run is knocking at your door and will soon touch $100k.

it is obvious that bitcoin price is appreciating but I know quite well that before Bitcoin price will reach to the expected point people would likely want bitcoin to reach I think it will take them time so therefore let us all believe that the more investors are coming in cryptocurrency especially Bitcoin the more the price will continue to accelerate, so I believe that cryptocurrency and mostly bitcoin can not do without investors, so right now the price that was going up is now depreciating so let us know that the price of bitcoin is something that interchanges.

[Ambatman]

How do you know if there is going to be resistance at $100k or not?

Many individuals have already started confining themselves  to the matter $100K that's it's becoming a psychological level to them.
I still don't understand how people would dream too small
Buying Bitcoin around $60K and selling at $100K is not profit to me
You can't compare it with individuals that bought for $16K and still holding.
Funny that getting to $100K,Bitcoin would use the money of those that shorted at 100K to shoot higher.

 

Honestly I thought by now we would be having Bitcoin price at $100k before the halving period but it seems to be on a slow mo and no rush, investors are currently looking for the right time to smile to the bank but waiting till it gets to $100k is still a win win and a better profit.
No time is too late to start investing even though the price is taking it's time to go back to $70k, those holding can still hold because Bitcoin price is heading to a positive way that would some how hit $80k before the end of this month but can the high transaction fee be an obstacle to withdraw when Bitcoin price is right on track like to a $100k+? Because I see it as a means of slowing down business if it continues.

If you holding I see no reason why you would want to withdraw and be affected by the fee.
I will only consider if you planning to move from your CEX to a secured wallet for further keeping.
$100K shouldn't be the goal is too small
With 40% increase Bitcoin would cross it.

TBH Bitcoin beating it's all time high before the halving was outside my expectations,so am surprised people believed it would hit $100K before the halving.
Don't forget that it rose from around $15800 to $73K that's almost 500% and quite impressive in my book.

so I believe that cryptocurrency and mostly bitcoin can not do without investors,

Don't forget Bitcoin is more than an investment asset.It might look more like one doesn't mean it's it core value.

[barisbilgili]

We have seen Bitcoin reach 70k USD and it even reached a point of 71k briefly. We are seeing history being made right here with the new all time high being set once again and it is happening even before halving.

I have high expectations that bitcoin will reach 100k but will it reach 100k without any major decline in price? Does it seem realistic that from 70k, bitcoin will continuously rise up?

It will rise i believe btc will rise up to 100k$ it is already expected since year 2021 that bitcoin will rise up to100k$ but we don know when will be the exact year. Maybe it will reach this year and 71k$ ATH will be a good sign  of it. However we still need to be careful and control emotion because we don't know what will happen next everything is just an speculation everything may still change.

There is no doubt that we will see a price of 100k, but on the journey to reach that there will of course be corrections and small improvements that occur, I don't deny that because in my opinion it is impossible for there to be a significant increase starting from a price of 70k to 100k.

from what happened this year when it reached the latest ATH, it was something that was not predicted before. If you look at past events, next year there should be a new ATH if we refer to the 4 year cycle, but Bitcoin price movements are currently experiencing a rapid increase. with strong support, the price increased more than predicted.
I think the same goes for the predicted 100k price, it's possible it could happen sooner.

[Marvelockg]

How do you know if there is going to be resistance at $100k or not?

Many individuals have already started confining themselves  to the matter $100K that's it's becoming a psychological level to them.
I still don't understand how people would dream too small
Buying Bitcoin around $60K and selling at $100K is not profit to me

well, we can't say that a profit of $40k isn't profitable for an investor that has a good quantity of Bitcoin and surely being profitable in Bitcoin investment doesn't necessarily mean that Bitcoin will have to shut up too high before you will be in profit. Depending on the quantity you've been able to stack till you have such difference, $40k profit isn't a bad one and from what i have come to realize, what's really important isn't that the margin is too big but rather, that your quantity of Bitcoin is much such that even with a $40k difference you're still able to find yourself in a good profit region because of how much Bitcoin you have in your portfolio.

Let's say for instance you've been able to accumulate Bitcoin for an interval of 10 years DCAing with $100 per week. For the ten years period, you should have stacked up
$100×4= $400 per month
$400×12 = $4,800 per year
And in ten years time;
$4800×10 = $48k worth of Bitcoin.
That's $48k worth of Bitcoin and if we assume that during your accumulation stage Bitcoin ATH at those instances is just $60k and then you're able to hold up to the period when it got to $100k,  you've almost made two times of your investment within such space of time but if your quantity of stack isn't much and then you're able to accumulate let's say $10k worth of Bitcoin within a 10 year interval. Even if Bitcoin goes high to $170k, you won't be in a good profit region compared to someone that has stacked up more Bitcoin. What I'm saying in essence is that what's more important is that you have a good quantity of stack and that way, if thier is a sharp pump you know that you are at a good advantage and even when the pump isn't all that high, you wouldn't also be disadvantaged.

You can't compare it with individuals that bought for $16K and still holding.
Funny that getting to $100K,Bitcoin would use the money of those that shorted at 100K to shoot higher.

well, we aren't sure whether or not those earlier Bitcoin holders that starting buying Bitcoin when it was at $16k  have been able to HODL till now. I guess part of the problem they might have faced just like what some persons are currently facing is the uncertainty that was in there minds at the time regarding whether or not Bitcoin will be able to get to $60k or not and some might have refused buying or might have probably sold at the price of $16k because they might seems to be in a good profit based on the price of Bitcoin as at the time they started stacking. And so, yeah, we can't really conclude that they have part of the current Bitcoin holders or not or that if they are among the current holders that they should necessarily sell of there holding. The halving has just happened and the anticipation is still very high with lots of hopes and expectations and who knows, Bitcoin might even climb up to $250k or above this time around and never come down  below $200k ever again but then, this in itself is mere speculation that may or may not happen but what's important here is to note that regardless of the price of Bitcoin at the time you started buying, there is every certainty that in the years to come will Bitcoin adoption would have touched the globe, all those that rushed to sell there bitcoin holding but at this time and in the past will wish they had kept  a chunk of it till then.

[JayJuanGee]

[edited out]

it is obvious that bitcoin price is appreciating but I know quite well that before Bitcoin price will reach to the expected point people would likely want bitcoin to reach I think it will take them time so therefore let us all believe that the more investors are coming in cryptocurrency especially Bitcoin the more the price will continue to accelerate, so I believe that cryptocurrency and mostly bitcoin can not do without investors, so right now the price that was going up is now depreciating so let us know that the price of bitcoin is something that interchanges.

You may or may be right that it could take time for the bitcoin price to go up; however, you have to consider the possibility that it might not end up taking as much time as you are speculating that it might take, and some of the dips that you are expecting to be likely to take place might not end up happening when you expect them to happen.

There are a lot of no coiners and low coiners who were waiting for lower BTC prices at $27k, and they are still waiting for a "proper" dip, and they become disgruntled.  The same is going to happen at today's prices with guys who fail/refuse to stack enough sats because they are too  busy thinking about dips that might happen or that they still have a lot of time to stack sats in these prices, which may or may not be true.

And, you need to shake your idea of lumping bitcoin in as just one other "crypto currencies".. since you are likely failing and refusing to understand bitcoin since you want to classify it as just the best of the crypto currencies.. which technically is not incorrect, but it is still a bad way of thinking about the bitcoin matter.

I understand that recently, there has been so much crap on bitcoin, especially referring to runes and ordinals, that makes bitcoin seem like just another shitcoin, yet there still remain strong foundational elements in bitcoin that still distinguish it from the various shitcoins that are out there.

How do you know if there is going to be resistance at $100k or not?

Many individuals have already started confining themselves  to the matter $100K that's it's becoming a psychological level to them.
I still don't understand how people would dream too small
Buying Bitcoin around $60K and selling at $100K is not profit to me
You can't compare it with individuals that bought for $16K and still holding.
Funny that getting to $100K,Bitcoin would use the money of those that shorted at 100K to shoot higher.

Of course if you have an average price per BTC that is $16k to $40k you are going to have more options than someone with a higher average cost per BTC, yet you still should be attempting to consider your situation in terms of the total size of your BTC stack and if you should keep stacking, rather than how much you are in profits, and sure, if someone has an income of $40k per year, and he has around 10 bitcoins, he might think differently from someone who has 1-2 bitcoin. 

And there are people of similar levels of income with even fewer income who are not even adequately considering how many BTC that they might need.  Yeah we cannot completely know how many we need, except for maybe valuing our stash using the 200-WMA rather than spot price, especially if we are trying to project into the future and considering projecting that the BTC price is likely continuing to go up, whether referring to the 200-WMA or the spot price.

[Ambatman]

well, we can't say that a profit of $40k isn't profitable for an investor that has a good quantity of Bitcoin and surely being profitable in Bitcoin investment doesn't necessarily mean that Bitcoin will have to shut up too high before you will be in profit. Depending on the quantity you've been able to stack till you have such difference, $40k profit isn't a bad one and from what i have come to realize, what's really important isn't that the margin is too big but rather,

How many people do you think own a Bitcoin?
There are around 800K+ wallet address that own an Bitcoin and 47million wallet with atleast $1.
A rough estimate but you can tell what am playing out.
I don't own a Bitcoin yet so I spoke from my POV and accumulating for 10 years?
How many people do you think have been aware of accumulating Bitcoin for 10 years.
Don't forget Bitcoin is just 15 years old and it's exposure 10 years ago wasn't like present.

well, we aren't sure whether or not those earlier Bitcoin holders that starting buying Bitcoin when it was at $16k  have been able to HODL till now. I guess part of the problem they might have faced just like what some persons are currently facing is the uncertainty that was in there minds at the time regarding whether or not Bitcoin will be able to get to $60k or not and some might have refused buying or might have probably sold at the price of $16k because they might seems to be in a good profit based on the price of Bitcoin as at the time they started stacking

You can confirm from explorer addresses that have bought Bitcoin around that range or lower and still holding
Some are even still accumulating
Microstrategy started buying since 2020 and still buying till now with last purchase around $68K+
These are examples of body or people that believe Bitcoin at its current price is still too cheap so why do they need to sell now.
There are individuals in this forum that have been holding Bitcoin for longer periods, I even have a friend that's still holding well not Bitcoin but Ethereum since it fell after FTX
And he isn't planning on selling anytime soon.
Stronghands exists.

[taufik123]

-snip-
I understand that recently, there has been so much crap on bitcoin, especially referring to runes and ordinals, that makes bitcoin seem like just another shitcoin, yet there still remain strong foundational elements in bitcoin that still distinguish it from the various shitcoins that are out there.

Lately, my eyes have also turned to the Rune Protocol that emerged after the Bitcoin halving occurred.
Some NFTs appear and make the network look very dense, and then memecoins also appear on the Rune Protocol network.

But will this really disrupt the main Bitcoin ecosystem, as more people come to buy bitcoin and start exploring the Rune Protocol?

But in terms of Rune Protocol and Ordinal Protocol or BRC20 models it is different.


Source: https://twitter.com/okxweb3/status/1782796346191179878

[Smilevictorobinna]

[edited out]

it is obvious that bitcoin price is appreciating but I know quite well that before Bitcoin price will reach to the expected point people would likely want bitcoin to reach I think it will take them time so therefore let us all believe that the more investors are coming in cryptocurrency especially Bitcoin the more the price will continue to accelerate, so I believe that cryptocurrency and mostly bitcoin can not do without investors, so right now the price that was going up is now depreciating so let us know that the price of bitcoin is something that interchanges.

You may or may be right that it could take time for the bitcoin price to go up; however, you have to consider the possibility that it might not end up taking as much time as you are speculating that it might take, and some of the dips that you are expecting to be likely to take place might not end up happening when you expect them to happen.

There are a lot of no coiners and low coiners who were waiting for lower BTC prices at $27k, and they are still waiting for a "proper" dip, and they become disgruntled.  The same is going to happen at today's prices with guys who fail/refuse to stack enough sats because they are too  busy thinking about dips that might happen or that they still have a lot of time to stack sats in these prices, which may or may not be true.

And, you need to shake your idea of lumping bitcoin in as just one other "crypto currencies".. since you are likely failing and refusing to understand bitcoin since you want to classify it as just the best of the crypto currencies.. which technically is not incorrect, but it is still a bad way of thinking about the bitcoin matter.

I understand that recently, there has been so much crap on bitcoin, especially referring to runes and ordinals, that makes bitcoin seem like just another shitcoin, yet there still remain strong foundational elements in bitcoin that still distinguish it from the various shitcoins that are out there.

How do you know if there is going to be resistance at $100k or not?

Many individuals have already started confining themselves  to the matter $100K that's it's becoming a psychological level to them.
I still don't understand how people would dream too small
Buying Bitcoin around $60K and selling at $100K is not profit to me
You can't compare it with individuals that bought for $16K and still holding.
Funny that getting to $100K,Bitcoin would use the money of those that shorted at 100K to shoot higher.

Of course if you have an average price per BTC that is $16k to $40k you are going to have more options than someone with a higher average cost per BTC, yet you still should be attempting to consider your situation in terms of the total size of your BTC stack and if you should keep stacking, rather than how much you are in profits, and sure, if someone has an income of $40k per year, and he has around 10 bitcoins, he might think differently from someone who has 1-2 bitcoin. 

And there are people of similar levels of income with even fewer income who are not even adequately considering how many BTC that they might need.  Yeah we cannot completely know how many we need, except for maybe valuing our stash using the 200-WMA rather than spot price, especially if we are trying to project into the future and considering projecting that the BTC price is likely continuing to go up, whether referring to the 200-WMA or the spot price.

Bitcoin is a great coin that is way more bigger than the other coin, bitcoin is special I see it as world currency.
When investing on Bitcoin all we should bear in mind is that, this coin will always become better and bigger so when investing don't wait for it to come down in price before investing because that may never happen instead it will keep going up.
For those who has the financial strength I will advise you invest big on Bitcoin and for those who don't have much financial strength I will advise you invest as you can, 10 years ago people who had the opportunity to invest on Bitcoin and didn't are still regretting till date and I still believe people in 2024 will still regret in 5 years later for not investing on Bitcoin, some will also regret on investing low.
Buy as much Bitcoin as you can keep buying don't wait for it to come down before you buy, Bitcoin is a world class coin and the greatest that will ever be.

[Troytech]

Bitcoin is a great coin that is way more bigger than the other coin, bitcoin is special I see it as world currency.
When investing on Bitcoin all we should bear in mind is that, this coin will always become better and bigger so when investing don't wait for it to come down in price before investing because that may never happen instead it will keep going up.
For those who has the financial strength I will advise you invest big on Bitcoin and for those who don't have much financial strength I will advise you invest as you can, 10 years ago people who had the opportunity to invest on Bitcoin and didn't are still regretting till date and I still believe people in 2024 will still regret in 5 years later for not investing on Bitcoin, some will also regret on investing low.
Buy as much Bitcoin as you can keep buying don't wait for it to come down before you buy, Bitcoin is a world class coin and the greatest that will ever be.

It's good to view bitcoin as a good asset but when you said that it would keep going up that may be an overly optimistic and bullish expression, it's bad to view bitcoin like that as tho they aren't times that the price may seem to be only reducing too and all this doesn't matter and shouldn't concern you if you are just starting out with bitcoin, IMO there are a lot of other things a new investor should be more concerned about than price movement which should be to get started buying bitcoin and figuring out how much you can invest in bitcoin without been affected by it, its more advisable to invest with your disposable income which I preferable view as money I won't miss or like a savings in bitcoin and that is because no one wants a situation whereby he needs the money he invest so soon or might want to touch or sell portion of his bitcoin and also in a senerio where anything can happen to bitcoin you won't be so bothered about that or be in a mess.

I believe that these should be your concern now that price movement or been too optimistic that bitcoin would only go up than down, yeah there are also such possibilities but I prefer not to talk about those, but one thign you must remember is the only way to prepare for up is to have more bitcoin .

[ShowOff]

It will rise i believe btc will rise up to 100k$ it is already expected since year 2021 that bitcoin will rise up to100k$ but we don know when will be the exact year. Maybe it will reach this year and 71k$ ATH will be a good sign  of it. However we still need to be careful and control emotion because we don't know what will happen next everything is just an speculation everything may still change.

There is no doubt that we will see a price of 100k, but on the journey to reach that there will of course be corrections and small improvements that occur, I don't deny that because in my opinion it is impossible for there to be a significant increase starting from a price of 70k to 100k.

from what happened this year when it reached the latest ATH, it was something that was not predicted before. If you look at past events, next year there should be a new ATH if we refer to the 4 year cycle, but Bitcoin price movements are currently experiencing a rapid increase. with strong support, the price increased more than predicted.
I think the same goes for the predicted 100k price, it's possible it could happen sooner.

Don't worry about price volatility if you really hope to reach $100k. You should remain an optimistic person about the good future for bitcoin, especially about the possibility of its price going higher. But of course there are reasons why you can expect it, one of which is increased adoption in many sectors in the real world. A real use case is one that can influence demand, but this process may be a bit difficult as long as the government continues to give difficulties to the adoption rate, high transaction fees can also influence it.

We are on our way to $100k, I myself also expect that price to be reached in the next bull run cycle. Obviously I don't know when, but it is likely that $100k will be reached in the next 1 year especially after the halving.

[I_Anime]

Bitcoin is a great coin that is way more bigger than the other coin, bitcoin is special I see it as world currency.
When investing on Bitcoin all we should bear in mind is that, this coin will always become better and bigger so when investing don't wait for it to come down in price before investing because that may never happen instead it will keep going up.

You are right,  Bitcoin will keep growing gaining more adoption (though there's no guarantees) but base on how things is going we all believe so , . But during the journey they would surely be up and down movement due to volatility. Investing in Bitcoin is just the right call , this time around procastinating won't do anyone any good  , because now alot of people are complaining that bitcoin is too expensive for them that they will start accumulating when Bitcoin price experience a massive dip which may not happen. And the funny thing is that in the future Bitcoin will tend to increase in value and get to a point of being more expensive. And same thing happens when Bitcoin hit the price range of $10k alot people where waiting for it to dip more before buying but now Bitcoin is far from such price and the chances of it falling back that price is damn loww.

I believe that these should be your concern now that price movement or been too optimistic that bitcoin would only go up than down, yeah there are also such possibilities but I prefer not to talk about those, but one thign you must remember is the only way to prepare for up is to have more bitcoin

Being optimistic ain't bad but still you are right, the best way to prepare for the up is to have alot of Bitcoin stashed, because even though a massive increase in prices in market takes place without you having much Bitcoin. You will only endup with less profits due to the small quantities you have stashed,  so to avoid such scenario is to keep purchasing.

[Sexylizzy2813]

Honestly I thought by now we would be having Bitcoin price at $100k before the halving period but it seems to be on a slow mo and no rush, investors are currently looking for the right time to smile to the bank but waiting till it gets to $100k is still a win win and a better profit.
No time is too late to start investing even though the price is taking it's time to go back to $70k, those holding can still hold because Bitcoin price is heading to a positive way that would some how hit $80k before the end of this month but can the high transaction fee be an obstacle to withdraw when Bitcoin price is right on track like to a $100k+? Because I see it as a means of slowing down business if it continues.

If you holding I see no reason why you would want to withdraw and be affected by the fee.
I will only consider if you planning to move from your CEX to a secured wallet for further keeping.
$100K shouldn't be the goal is too small
With 40% increase Bitcoin would cross it.

TBH Bitcoin beating it's all time high before the halving was outside my expectations,so am surprised people believed it would hit $100K before the halving.
Don't forget that it rose from around $15800 to $73K that's almost 500% and quite impressive in my book.

I haven't mentioned if I'm holding or not don't get me wrong on that, was only saying base on how the fee is getting higher by the day. I believe some have the intention of holding not for long and they easily get pissed and think of withdrawing, that's when things ain't working as planned. It can happen because of financial issues who knows why?
Bitcoin price was getting close to hitting $100k before the halving with Bitcoin price raising and giving much hope of getting to $100k not until we had a pause at $73k, fair enough though. I'd say since the market price went from $15k to $73k it has been a very impressive movement and I'll say the way it was elevating made many forget about some corrections too, if not I don't think we would be having that imagination of it getting to $100k before the halving. $100k can have before the year runs out but not in this month or next.

[Troytech]

Honestly I thought by now we would be having Bitcoin price at $100k before the halving period but it seems to be on a slow mo and no rush, investors are currently looking for the right time to smile to the bank but waiting till it gets to $100k is still a win win and a better profit.
No time is too late to start investing even though the price is taking it's time to go back to $70k, those holding can still hold because Bitcoin price is heading to a positive way that would some how hit $80k before the end of this month but can the high transaction fee be an obstacle to withdraw when Bitcoin price is right on track like to a $100k+? Because I see it as a means of slowing down business if it continues.

If you holding I see no reason why you would want to withdraw and be affected by the fee.
I will only consider if you planning to move from your CEX to a secured wallet for further keeping.
$100K shouldn't be the goal is too small
With 40% increase Bitcoin would cross it.

TBH Bitcoin beating it's all time high before the halving was outside my expectations,so am surprised people believed it would hit $100K before the halving.
Don't forget that it rose from around $15800 to $73K that's almost 500% and quite impressive in my book.

I haven't mentioned if I'm holding or not don't get me wrong on that, was only saying base on how the fee is getting higher by the day. I believe some have the intention of holding not for long and they easily get pissed and think of withdrawing, that's when things ain't working as planned. It can happen because of financial issues who knows why?
Bitcoin price was getting close to hitting $100k before the halving with Bitcoin price raising and giving much hope of getting to $100k not until we had a pause at $73k, fair enough though. I'd say since the market price went from $15k to $73k it has been a very impressive movement and I'll say the way it was elevating made many forget about some corrections too, if not I don't think we would be having that imagination of it getting to $100k before the halving. $100k can have before the year runs out but not in this month or next.

Everyone has the right to withdraw their bitcoin investment when ever they choose to but there are definitely ways to ensure that things go as planned and that is investing the right way, you can't expect someone who is gambling rather than investing not to have issues with his investment so early and think of withdrawing and that is because he is investing more than he should be able to maybe because he is thinking of taking profit from the bull run and when things start to go otherwise he wants to pull off and run, but that's not the way to invest, an investor should be considering his financial situation when investing and investing what he can afford to lose in case it doesn't go well cause its also a risk, then we can talk about keeping emergency funds as our insurance that we don't sell too soon or even touch our holdings die to any emergency that may occur and if we love to take advantage of other market opportunities like dips we can also start building or reserves for such reasons.

IMO if an investor follows and plans well he won't be in the category of those selling due to his plan failing cause its not rocket science, its just doing what is right.

I believe that these should be your concern now that price movement or been too optimistic that bitcoin would only go up than down, yeah there are also such possibilities but I prefer not to talk about those, but one thign you must remember is the only way to prepare for up is to have more bitcoin

Being optimistic ain't bad but still you are right, the best way to prepare for the up is to have alot of Bitcoin stashed, because even though a massive increase in prices in market takes place without you having much Bitcoin. You will only endup with less profits due to the small quantities you have stashed,  so to avoid such scenario is to keep purchasing.

If you read I said overly optimistic, so don't mis quote me