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Author Topic: What can we do to make Bitcoin hit $100k  (Read 663 times)
Smilevictorobinna (OP)
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May 05, 2024, 01:12:19 PM
 #1

I have always been thinking about what we could do to make Bitcoin hit a tremendous amount.

Is there anything we could do??
Oshosondy
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May 05, 2024, 01:15:21 PM
 #2

All you have to do is to be patient. A time will come when bitcoin will not fall lower than $100000. Do not expect bitcoin to get to $100000 just very fast. It can take some time before that would happen.

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Alone055
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May 05, 2024, 01:36:43 PM
 #3

I have always been thinking about what we could do to make Bitcoin hit a tremendous amount.

Is there anything we could do??

Yes, make very large investments or make a lot of people invest a reasonable amount in it and keep doing that, and make sure there is always positive news about Bitcoin in the market so that other investors don't panic and start a huge sell-off which can make the price drop.

Bitcoin's value goes up and down based on the supply and demand rule, so when there is a lot of demand for it which means there will be more people willing to buy than those willing to sell, the price will start going up because buyers will be ready to pay any amount to get some of it and sellers will keep increasing the price of the assets they are willing to sell.

However, if there is less demand and more supply which means more people are willing to sell while there aren't a lot of buyers, sellers will start lowering the asking price because they want to sell as soon as possible, and buyers will also lower the demanding price and the price will keep doing down this way.
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May 05, 2024, 01:51:04 PM
 #4

Is there anything we could do??

In theory, yes: advertise Bitcoin, get more businesses accept it, improve it (from useful ideas to actual implementation). The more people and businesses understand that Bitcoin is not for geeks, scammers and drug addicts, the more will buy it, hence making it more expensive.

In reality: wait patiently. Time handles it all. There is a very good chance bitcoin will hit 100k in the next 20 months with or without your help (just please don't take this as an advice to buy, do as you think).

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May 05, 2024, 02:05:44 PM
 #5

I have always been thinking about what we could do to make Bitcoin hit a tremendous amount.

Is there anything we could do??
If you don't have enough capital to buy more Bitcoin at the current price so that the Bitcoin price can continue to rise upwards, you just need to tell more rich people about Bitcoin who want to buy Bitcoin so that the Bitcoin price can immediately go to $100K. But if you don't have the ability to convince more rich people in this world to buy Bitcoin, you just need to be patient and make the purchase yourself whenever you have money that you are ready to use for it. Because to achieve this extraordinary figure certainly requires a slightly more difficult process.
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May 05, 2024, 02:16:55 PM
 #6

I have always been thinking about what we could do to make Bitcoin hit a tremendous amount.

Is there anything we could do??
The fact is that there is nothing a pleb like us can do to make Bitcoin price hits 100k, because we can only try our best but it might not change anything. The Whales can do that by market manipulation but it will only be temporary.

It is better that we relax and watch and at the same time stashing up more bitcoin till the bull run appears naturally. Only the bull run can make us see 100k price. No one can control bitcoin price, no matter how hard you try, demand and supply controls it.

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May 05, 2024, 02:25:04 PM
 #7

I have always been thinking about what we could do to make Bitcoin hit a tremendous amount.

Is there anything we could do??
Nothing but to HODL. You have no control over the volatility of Bitcoin and the demand that must be met in order for it to increase its price. What you can contribute and do is to make yourself a firm holder so that the limited supply of it will be hoarded by many and this is no longer a secret that only us knew. As you can see, institutions that are known to us have been making headlines that they're buying millions worth of Bitcoin and what they do? Holding it but don't be too confident with them because the time will come and they are not going to hesitate to sell and that's their main goal why they're investing on it.

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May 05, 2024, 02:26:15 PM
 #8

I have always been thinking about what we could do to make Bitcoin hit a tremendous amount.

Is there anything we could do??

You can pray if that's going to help you. Other than that I don't think you can do anything unless your name is Michael Saylor and can buy thousands of bitcoins. Is it really important to you anyway? Will it change your life in a meaningful way if btc hits $100k? It is already at $64k which means to hit $100k, It only needs a 56% raise from its current price. You can find many other assets that'll do 50% in a year or two in the stock markets. Or have you made a bet? I can't see the significance of $100k price anymore tbh. To me, we have already made it when we went above $70k.

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May 05, 2024, 02:32:15 PM
 #9

I have always been thinking about what we could do to make Bitcoin hit a tremendous amount.

Is there anything we could do??

Go through the timeline from when Bitcoin was just $0.10 (2010) and reached $73k in 2024. What did the community do? We will do nothing for the price of Bitcoin to reach $100K. We will all wait again patiently and keep on holding and accumulating Bitcoin until we reach the designated price point. Do remember if you are a diamond hand you will always be in profit.

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May 05, 2024, 02:34:32 PM
 #10

• Patronize businesses that accept Bitcoin, that helps to increase the adoption of Bitcoin attracting more users.
• Hodl and don't panic sell when the price goes down.
• Help out new investors on forums like these who have questions about bitcoin.
• If you have developer skills you can design ideas that will solve some of the drawbacks the network is having, like increase in fees.
• Debunk misleading information being shared about Bitcoin and help clear up at misconception.

Other than these, there's not much we can do, these will not even have more than a 5% influence on the price. Bitcoin gets more valuable cause of the features it has and their applications.

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May 05, 2024, 02:46:42 PM
 #11

Is there anything we could do??

Take a mortgage on your house, and buy Bitcoin with it.
Convince another 1 million people to do the same, if it's not enough convince another 1 million.

Other than these, there's not much we can do, these will not even have more than a 5% influence on the price. Bitcoin gets more valuable cause of the features it has and their applications.

Yes, there is and that makes it like 99% of the reason the price goes up, you put more money in it, you buy more and if everyone is buying the price will go up, that's how the economy works, nobody gives a damn about the features if there isn't more money inflow that outflow no feature or technicality will keep the price up.

There is nothing on this earth that can grow more valuable without having people ready to throw money at it.


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May 05, 2024, 02:51:58 PM
 #12

<snip>
Bitcoin does the convincing not me. I refrain from giving investment advice cause that means sharing the responsibility and risking being blamed if it doesn't go as they plan; you'll be surprised how rosy some people think investments go.
I would not want to be getting messages anytime the price drops by 5%.

Anyone with a good social reach, a YouTube channel etc, can use that platform to educate people, that way you're not directly convincing anyone to invest but you're putting out good content that will help anyone interested.

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May 05, 2024, 02:54:32 PM
 #13

There is nothing else to do other than what has always been done, keep holding instead of selling the bitcoin that you have in your portfolio.
Do more advertisement about bitcoin so that people will know more about it.
Keep encouraging anyone who is a bitcoin believer and support their project.
Learn to be calm and not be moved when the price of bitcoin is down.
Have an establishment that accepts bitcoin and add a little preferential treatment to people who patronize you with bitcoin.
Keep holding bitcoin and don't be fooled by people who is against bitcoin believers.

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May 05, 2024, 02:57:27 PM
 #14

Easy @OP.

Current Bitcoin's circulating supply is 19,694K, multiply it by $100K, then subtract with the current Bitcoin's market cap ($1,261M). From that calculation, we get $708B, that's the amount you need to invest in Bitcoin to make Bitcoin hit $100K.

No need to promote and shill anyone because you can do it by yourself.

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Ndabagi01
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May 05, 2024, 03:07:36 PM
 #15

I have always been thinking about what we could do to make Bitcoin hit a tremendous amount.

Is there anything we could do??

Let’s continue using it, trading and transacting with it and in some years time, we would see bitcoin above the $100K price. Bitcoin will continue to rise and for any correction it makes, after some time it will exceed the existing price value and rally above the price of previous all time highs. The case might be different going further, but bitcoin will continue to rise but it’s certainly on how it will take to reach those prices is what is unknown to all. Don’t expect it so soon but keep seeing how it grows overtime with the much volume it’s experiencing as time goes on.

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m2017
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May 05, 2024, 03:10:26 PM
 #16

I have always been thinking about what we could do to make Bitcoin hit a tremendous amount.

Is there anything we could do??
"To make Bitcoin hit $100k", we can't do anything (if we consider each investor separately) and everyone can only wait. The price increase mechanism is essentially built into bitcoin (halving and 4-year cycle) by halving the mined blocks (reward) and reaching $100k seems like an inevitable event.

In theory, with an increase in capital investment in bitcoin, it could influence the situation on the crypto market and accelerate the price to $100k (pump), but now this seems almost impossible to implement unless you are the owner of billions. Smiley And also, if none of the other crypto market participants wants to sell their bitcoins and doesn't neutralize your efforts, or even completely bring the price down.

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May 05, 2024, 04:02:31 PM
 #17

Is there anything we could do??
Invest, Spread awareness to hasten the adoption, etc... the more people adopting Bitcoin and more people investing in Bitcoin the scarcer Bitcoin will be. Increasing the demand for Bitcoin will eventually increase its price.

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May 05, 2024, 05:04:13 PM
 #18

I have always been thinking about what we could do to make Bitcoin hit a tremendous amount.

Is there anything we could do??

We as individuals can't do much about that, it's something that can only be done if there are masses involved because it's all about the cashflow, the more people invest in Bitcoin, the more success it will get over time. If there are a lot of new investors in the market, the price of Bitcoin will go up automatically, now if you think you can do something to increase the number of investors, that is what might contribute towards it.

To be honest, I believe Bitcoin doesn't need any marketing because it has spread vastly in the world and when something gets so much viral, it doesn't need any more promotion because it keeps spreading itself when people share it with each other and it starts appearing all around.

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May 05, 2024, 05:08:49 PM
 #19

I have always been thinking about what we could do to make Bitcoin hit a tremendous amount.

Is there anything we could do??
Do what other average Joes are doing. Continue accumulating.

I mean you alone especially if you aren't a whale will have no impact towards the price of Bitcoin when you're buying, but many people doing the same thing will have. Even a whale can have little impact on the price of Bitcoin if they continue buying. Just continue to decrease the supply by just buy and hold. That's the best thing that you can do.

Bitcoin will hit $100,000 anytime soon. Well at least that's what many are expecting, and because of this, many investors will continue to accumulate and hold Bitcoin.

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May 05, 2024, 05:09:14 PM
 #20

I have always been thinking about what we could do to make Bitcoin hit a tremendous amount.

Is there anything we could do??

Invite everyone to invest on Bitcoin. This is the only way we can help Bitcoin reach that level since mass adoption is one of the biggest factor that gives a huge push on Bitcoin price since institutional trader presence is already weigh-in on the current price.

If each one of us can invite and reach out to close friends or relatives and manage to convert a new Bitcoin investors, I believe Bitcoin price will even break that price target in the next bull season.  Wink

And at the same. Hodl your Bitcoin until the price reach!

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