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Author Topic: What can we do to make Bitcoin hit $100k  (Read 927 times)
CryptSafe
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May 05, 2024, 05:26:01 PM
 #21

OP if it were possible to make everyone individual in the world to start adopting Bitcoin over night, I would be the first one to embark on it but it just can not happen overnight like that. As it is that one would grow up gradually to maturity, that is how Bitcoin is growing up.
Bitcoin price would definitely hit the amount you have stated but I think it is a gradual process and another thing Is that if vendors and businesses all round the world coupled with government to accept and adopt Bitcoin, the price would definitely skyrocket to a higher price than it is now.
Lastly, if it is possible that everyone hudles their Bitcoin, there would be no much Bitcoin in circulation and this would trigger an increase in Bitcoin price which is a great step in fast adoption.
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May 05, 2024, 06:38:56 PM
 #22

I have always been thinking about what we could do to make Bitcoin hit a tremendous amount.
Is there anything we could do??
This thread title is a bit hilarious, Op to my very awareness and knowledge about Bitcoin and the market generally, no individual entity or institution controls the price of Bitcoin, but price is determined by market forces, basically the law of demand and supply, therefore the answer to your query is that there's nothing we can do as regards to moving the price of Bitcoin to reach $100k, But I will encourage you to exercise patient, and Hodl your Bitcoin, One day the price will definitely hit 100k when there a catalyst for the price to move .

R


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May 05, 2024, 07:14:40 PM
 #23

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

Is there anything we could do??
I strongly believe that there is a relationship between bitcoin education, an increase in your adoption of Bitcoin which also leads to an increase in bitcoin's price. This is the role I think I can play in making Bitcoin reach 100k for  example. I could be one of those people that lend their voices to educating the public of Bitcoin through any medium of my choice. I don't expect it to happen soon but over time as the rate of adoption increases.
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May 05, 2024, 07:53:13 PM
 #24

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

Is there anything we could do??

Bitcoin is still on its way to adapting all over the world so there was nothing that we need to do in my opinion, Bitcoin is just gonna continue to adapt on its own anyway, I mean just in the past years we can clearly see how the Bitcoin adapted all over the world, I remember back on 2017 when Bitcoin was just something that we don't really expect to be anything when it skyrockets to even 10k$. Compared to what it is today we can already see that Bitcoin and cryptocurrency have already adapted a lot these days to the point where it is already adapted by a lot of companies, back in the day Bitcoin and cryptocurrency were really hated by banks, and now I can already see digital banks adopting cryptocurrency, here in my country there are digital banks that already integrated cryptocurrency on their platform, you could easily buy and sell cryptocurrency on their platform already which is a huge help on adaptation since all of the bank's users are gonna be able to see or buy cryptocurrency on that platform, so it's a huge promotion already.

There were for sure things that we can still do in order to help its adaptation, the easiest way was on social media, probably just teaching people what is cryptocurrency, Bitcoin, altcoins, etc. its already a huge help for the community. I mean if you're going to create videos that include this information it is surely going to be a huge help for the future of cryptocurrency.


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May 05, 2024, 07:58:50 PM
 #25

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

Is there anything we could do??
Yes!
Keep holding and be patient enough to wait for sometimes, Bitcoin will surely hit $100k during this bull run before another bear market. After this halving, we need to wait patiently for marketers to finish their manipulation, and I think at the end of this year 2024, we will start experiencing a huge increase in Bitcoin price which I am sure will close to $100k before another bear market.

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May 05, 2024, 08:02:17 PM
 #26

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

Is there anything we could do??
I can see that you are very desperate to see the price of Bitcoin hit 100k so you can make huge profits from the market. That would be good move because that is the same thing we are expecting to see in the crypto market. But the time the price of Bitcoin hit 100k, that means altcoins kiem Solana could hit $300 while Ethereum could $5k. The price of many good altcoins will automatically skyrocket increasing the total market capitalization of the cryptocurrency market. All holders want to see something like that so we all need to get prepared for the bull so we can earn more.

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May 05, 2024, 08:11:02 PM
 #27

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

Is there anything we could do??
We can't pump or dump BTC for longer period of time, we can't manipulate BTC as I assume you and me and other members of this forum don't have hell lot of BTC to make that happen. So we can't pump price by artificial factors. But we can increase its adoption rate and once adoption increases the the supply demand increase while supply is lesser

Which in return increases the price of BTC. But motivating others to adopt BTC just to make profits for yourselves is a moral thing to do. As we should not take benefit of others as they come you exit they are the one will make lose. Or they have to wait further for booking profit or recovering loss.

In short, we only can spread word about BTC.

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May 05, 2024, 08:40:57 PM
 #28

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

Is there anything we could do??

When you try to force the price of Bitcoin to a particular price, what you will get is manipulated price and it doesn't last, people tend to sell and dump their coin in such scenario.

What I think we should collectively do so that we should buy as much Bitcoin and hold because you are not only making Bitcoin to be decentralized and more valuable and demanding, you are also preparing for what will comes after if Bitcoin eventually skyrocketed high but this is not a guarantee that Bitcoin will hit 100k but just preparing for that $100k.

If miners really want to push the price of Bitcoin and it's changes from selling pressure to buying from Macd on chart, I don't think there is anything much we could do again but I think they are observing the market while doing simple recovery to disallowed bitcoin from having high selling pressure.

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May 05, 2024, 08:57:39 PM
 #29

Patients is the only way to succeed in this line of field. It's possible the crypto market can be manipulated to arrive at the $100k but just like what happens after gray-scale manipulated the price of Bitcoin by selling off a very huge amount and the drastic dump that followed
 It is also possible to buy a very large amount of bitcoin to influence a massive pump. One true fact about manipulating the market movement is, after you must hav successfully done your part and you influenced a pump or dump, this trend would only last for a while, and the duration depends on the intensity of how well you have triggered a change, that is, how much Bitcoin you bought or sold. But the most important thing is, it doesn't last for long, and the market will get back to its initial position.

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May 05, 2024, 09:25:27 PM
 #30

Is there anything we could do??
Why are you in a rush for bitcoin to hit $100k? You should know that bitcoin does move freely, and whenever it’s time, bitcoin will definitely get to the price that you just mentioned. You don’t have to rush,  all you should do is hold your bitcoin and wait patiently for it to hit $100k. Don’t even be surprised that it will hit that price when people don’t even expect it. I don’t know maybe you invested in bitcoin. That’s why you are in a rush for bitcoin to hit $100k. That’s why if you are investing, your investment plan should be for a long term.

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May 05, 2024, 09:27:22 PM
 #31

Patients is the only way to succeed in this line of field. It's possible the crypto market can be manipulated to arrive at the $100k but just like what happens after gray-scale manipulated the price of Bitcoin by selling off a very huge amount and the drastic dump that followed
 It is also possible to buy a very large amount of bitcoin to influence a massive pump. One true fact about manipulating the market movement is, after you must hav successfully done your part and you influenced a pump or dump, this trend would only last for a while, and the duration depends on the intensity of how well you have triggered a change, that is, how much Bitcoin you bought or sold. But the most important thing is, it doesn't last for long, and the market will get back to its initial position.

Exactly the bitcoin market cannot be manipulated by an entity. When you see this large investors public sell or buy they usually want to create FOMO in the market. This allow other investors to follow their lead either to sell or buy and since the price of bitcoin is strictly based on supply and demand the price takes the direction of those FOMOing if at they have a large volume. Since the market or bitcoin is decentralized the entity trying to create this trend usually have their wish for just a short period of time.

For me there is no secret way to get the bitcoin price to $100k aside trying to create a larger demand volume for it  and this is not something an entity or investor can achieve

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May 05, 2024, 11:31:56 PM
 #32

There are many ways to make Bitcoin price increase which is to convince rich people to buy bitcoin so that the supply will decrease and the demand will increase. With that difference then the price should increase but if you did convinced rich people to buy bitcoin with high price (manipulation) then it will reach that price but it won't really last long. I even tried it with altcoin which you only lose money and never earn profit if that's what you are going to do.

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May 06, 2024, 05:35:22 AM
 #33

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

Is there anything we could do??
I don’t think you need to do much other than buy and Hold and wait for certain factors like demand and supply to take it’s course or sometimes the market can be influenced temporarily by a whale when they invest more money in bitcoin.

Price of bitcoin moves when one of these factors are in play and cannot be influenced by a single investor so since more and more people joins bitcoin everyday there is every possibility of hitting a tremendous amount but it could take time to achieve this mark so all you have to do is buy and Hold and wait patiently for these factors to take effect until the price hit the target amount you want.

R


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May 06, 2024, 01:46:24 PM
 #34

If you, as a beginner, do not have any investments, then now is the time to start investing. Otherwise, why would you pay such a high price if your wallet is empty? Reaching a price of one hundred thousand is beneficial for those who regularly invest, and for quite a long time. Until the time has come, appreciate such moments and do not miss your chances.

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May 06, 2024, 02:18:50 PM
 #35

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

Is there anything we could do??

just hold your Bitcoin. Keep calm and be patient and you will enjoy it in the future.
the journey will not be easy and short. Market movements may not be as you hope, but we all still believe Bitcoin will reach that target.
and when that extraordinary moment happens, make sure you still hold your Bitcoin in your wallet. some people fail to party because they are impatient and tend to panic more.

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May 06, 2024, 03:43:01 PM
 #36

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.

One billion people who are interested in or trust Bitcoin won't move the price one penny up if they don't buy one satoshi!
The thing is pretty simple, you need money before anything else, that's why you have some shitty coins in top 50, and that's why you have coins valued in billions despite everyone knowing they have no chance of ever replacing Bitcoin or thrust that in 1 year they will still be there, but you have investors who think it might be profitable, and this is how we have shiba inu in there!
Trust, adoption, publicity, hype, it's all about the $!

For me there is no secret way to get the bitcoin price to $100k aside trying to create a larger demand volume for it  and this is not something an entity or investor can achieve

You're telling me that Berkshire decided to put all that 180 billion in cash it's sitting on in Bitcoin won't move the price to 100k?  Cheesy

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May 06, 2024, 03:55:10 PM
 #37

One billion people who are interested in or trust Bitcoin won't move the price one penny up if they don't buy one satoshi!
The idea is that a least 20% of those interested will eventually become investors when they are convinced.

We are discussing what we can do to help the network not what needs to happen, it's not like anyone can force 1 billion people to buy in, you only control your pocket. The most you can do is lead people in this direction if they are willing to jump in.

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May 06, 2024, 09:21:49 PM
 #38


For me there is no secret way to get the bitcoin price to $100k aside trying to create a larger demand volume for it  and this is not something an entity or investor can achieve

You're telling me that Berkshire decided to put all that 180 billion in cash it's sitting on in Bitcoin won't move the price to 100k?  Cheesy

Wow never thought of it that way  Grin but that will definitely push the price up there for a bit though if it is a one time purchase. No exchange will have such amount of bitcoin, we could face a liquidity problem. At the current ATH of $72k that $180 billion would amount to 2.5 million bitcoins (~12% of the total supply). But let’s assume it happened it would definitely push the price there temporarily before it falls again because for a steady uprise of the price there must be a constant demand of the product not just a one time price. But if such a buy happens it will definitely cause a big FOMO

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May 06, 2024, 09:32:19 PM
 #39

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

Is there anything we could do??
we don't have anything to do that is the answer of your question, but you have to know that what Makes the price of Bitcoin to be highly accelerated in price is as a result of the demand and the supply and it is obvious and the well understand that when the price of Bitcoin is high it is basically depend on the demand and when the price of Bitcoin is low it is basically depend on the supply, so from this concept it indicates that the price of Bitcoin skyrocketed based on the demand is of Higher potential than the supply so only thing that you can do as investor is to exercise a patient and the wait until the demands is higher than supply.
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May 06, 2024, 09:47:08 PM
 #40

Well the only advice I can give to you is that, you need to invest in bitcoin then after investing, you hold on to it for long term investment, I strongly believe that there will be a massive increase in the value of bitcoin in years to come, but is just a matter of time and patient, if we can be patient enough to hold on to it till then, is obvious that bitcoin has a good potential. However I think there's nothing you and I can do to make bitcoin hit $100k the only thing we can do is to exercise patient and keep holding till the right time.

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