Congrats to everyone for reaching $100K

[Shishir99]

Thank you.
Even if we do not reach 100K this year, probably we will reach 100K in 2025. We were too close already. But as it is a big selling point for every investors, people started to cash their profits and we were not able to reach the 100K even though we touched 99.4K. I am not a big holder. I have been saving my signature incomes for a while and I have a couple of thousand dollars now because I decided to hold them. I am glad I did not sell them and did not gamble them online. I sold a portion of my holding at 97K a few days ago and I am okay with that. My target was 100K and I did not wanted to miss the opportunity.

[el kaka22]

Corrections are a normal part of crypto or even any market, we experience it very normally and that's not really a shocking new thing. We have seen nearly 100k, some places even went above 100k, and we could see that it's doing fine right now, 93k isn't that much down. This was a small drop, it happens and we are going to see it recover and do better soon enough.

There were way too many people who are putting a big wall at 100k, they think it's a psychological barrier, and because of that they are putting all their bitcoins there, and that makes it harder to go up, and that means the down is the way to go, plus with the way we went up, the short futures were looking mighty profitable, so many people wanted to take that.

[philipma1957]

Well one day one year maybe we get to 100k.

we need to face the Trump pump/joy is done.

and reality is setting in. Trump tx on China 🇨🇳 Mexico 🇲🇽 Canada 🇨🇦 is on the table. This may have caused the roll back as people realize Trump will be a disruptive force. Which could fuck your business not help it.

[Free Market Capitalist]

Well one day one year maybe we get to 100k.

we need to face the Trump pump/joy is done.

and reality is setting in. Trump tx on China 🇨🇳 Mexico 🇲🇽 Canada 🇨🇦 is on the table. This may have caused the roll back as people realize Trump will be a disruptive force. Which could fuck your business not help it.

I think ur gonna be a contrarian jinx and we'll get to $100K soon.

Txs for that.

What is happening now with the price is a simple consolidation before storming the moon.

[shogun47]

snip-

I don't think we will have to wait that long, what was clear is that $100K is a difficult barrier to beat and it is something I have repeated ad nauseam in several threads years ago. If you look at the books, around $100K an awful lot of sell orders are placed, as we have an example in the thread:

i did a three step sell ladder

99.89k
100.10k
101.10k

As I knew how this was going to be I made a small sale at $90K and I will not sell more until $110K.

Now we even have people who had placed sell orders at $102K, $103K etc. who are getting desperate because the price just won't beat $100K and what do they do? Lower the price of the sell order. They put it a little below $100K and when the price gets close again it immediately goes back down.

But as soon as we clearly pass $100K there will be a big green candle, and I think it won't take long.

Ok I get your point, I haven't been thinking about it like that. It makes sense that no matter what the momentum is, $100K was like this shelling point where people mutually agreed they are going to sell some. Maybe some put up sell orders that were literally dormant for an eternity on Binance and other more or less reliable exchanges. I thought with the right dynamic someone could make a big move, like Michael Saylor intentionally breaking through that barrier to immediately give psychology in the market the right turn. But as you said, many of those $100K orders could have just been placed because it is this one barrier where people thought if we reach it, I am going to sell some. And if many people do it even with small sell orders, it's quite the threshold to overcome for the market.

One problem could also be that the whales, the big buyers, mostly buy OTC? Or am I wrong on this one? Does a company like MicroStrategy buy on the open market or are they sealing deals mostly OTC?

"Now we even have people who had placed sell orders at $102K, $103K etc. who are getting desperate because the price just won't beat $100K and what do they do? Lower the price of the sell order. They put it a little below $100K and when the price gets close again it immediately goes back down."

That is true because they now already freak out they haven't sold at $98K and now they get nervous that we could see $85K again. I admit I was wrong on this one. Or maybe not wrong, but I was a bit more positive that the opposite of expectations for $100K might happen due to some big guys pushing through to add immediate additional value to what they already hold by signalling the market that the only way is going up.

[Yaunfitda]

Well one day one year maybe we get to 100k.

we need to face the Trump pump/joy is done.

and reality is setting in. Trump tx on China 🇨🇳 Mexico 🇲🇽 Canada 🇨🇦 is on the table. This may have caused the roll back as people realize Trump will be a disruptive force. Which could fuck your business not help it.

Or maybe this is just another sell-off, when people realizes that we might not get to $100k at the end of the month and so they they take profit and then look on the next month before we go to $100k. We still haven't seen Trump officially in the White House, and so there are still plenty of time for us to continue to pump the price next year January. Of course, this is reality, the US voters have spoken, regardless if they are business savvy or just a ordinary employee of big corporations in their country. So it could fuck up their business, but they can't do anything about it when the majority have spoken already.

[EarnOnVictor]

Well one day one year maybe we get to 100k.

As far as I am concerned, Bitcoin has reached $100k already, if it can hit $99,803 on my chart, I wonder what the remaining $197 would do, if not for the record. But on an investment view, the market is not static, it is ever dynamic, so even if it hits the $100,000, will it stay there for ever? That's how I think and I do not know anyone with an investment target missing out by just $197 shortfall in an asset like Bitcoin.

Besides, Bitcoin may still hit that level this year, retracement is nomal, it takes a single serious event/rumour or news to spice it up again. Perhaps Trump or Elon can show their patrotisim for the coin once again.

[Zwei]

Or maybe this is just another sell-off, when people realizes that we might not get to $100k at the end of the month and so they they take profit and then look on the next month before we go to $100k. We still haven't seen Trump officially in the White House, and so there are still plenty of time for us to continue to pump the price next year January. Of course, this is reality, the US voters have spoken, regardless if they are business savvy or just a ordinary employee of big corporations in their country. So it could fuck up their business, but they can't do anything about it when the majority have spoken already.

you may be right, i saw somewhere that there are around 300 million in sell orders around the 100k price.
that could explain why the market has not hit 100k in the past few days. but as long as the buying demand continues, we could see 100k soon.

[KingsDen]

Or maybe this is just another sell-off, when people realizes that we might not get to $100k at the end of the month and so they they take profit and then look on the next month before we go to $100k. We still haven't seen Trump officially in the White House, and so there are still plenty of time for us to continue to pump the price next year January. Of course, this is reality, the US voters have spoken, regardless if they are business savvy or just a ordinary employee of big corporations in their country. So it could fuck up their business, but they can't do anything about it when the majority have spoken already.

We need another strong fundamental from Trump and his friend Elon to push the market above $100k. I think this will happen after handover, by next year.

you may be right, i saw somewhere that there are around 300 million in sell orders around the 100k price.
that could explain why the market has not hit 100k in the past few days. but as long as the buying demand continues, we could see 100k soon.

Massive sells from spot ETF about 4,600 and also the Taylor 55,500 BTC saga, those disstablized the trending market.
Op celebrated too early, just like me that only wanted to wake when BTC hits 100k. Let's believe this is a mere consolidation and not a perpetual retrace.

[tygeade]

Well one day one year maybe we get to 100k.

As far as I am concerned, Bitcoin has reached $100k already, if it can hit $99,803 on my chart, I wonder what the remaining $197 would do, if not for the record. But on an investment view, the market is not static, it is ever dynamic, so even if it hits the $100,000, will it stay there for ever? That's how I think and I do not know anyone with an investment target missing out by just $197 shortfall in an asset like Bitcoin.

Besides, Bitcoin may still hit that level this year, retracement is nomal, it takes a single serious event/rumour or news to spice it up again. Perhaps Trump or Elon can show their patrotisim for the coin once again.

Yeah, reaching that extra hundred bucks would just be for record keeping and nothing more, to be able to say 100k was reached, aside from that we already did that in theory, plenty of places did see above that price by the way, not everywhere is binance, for example my local exchange already did.

All in all, we shouldn't be worried about that, we just need to make sure that we are ready for the next try,  because if we just watch and do nothing about it, the price will not wait for us, it will go up and it will do better and we can't really see anything better. Hopefully, people could change that soon enough and could accumulate more, be ready for another increase because next time we could actually break above 100k and do a lot better.

[Free Market Capitalist]

We are again approaching the level where the wimps have placed massive sell orders. $97.2K right now. Let's see if the wimpy orders get exhausted and we break $100K hard.

[STT]

Strong bounce today, its found support higher then I thought.   If it manages to carry on from here it may exceed 100k and go much higher much sooner.

The lows today were the highs of a week after the US election, if the volume lines up then that is bullish I guess more then I thought would occur.   I was waiting for 89k perhaps.

[philipma1957]

When 100k?

Honestly, it doesn't matter what day it happens; today, tomorrow, etc.==> the ATH of 100k will not escape...

They 100k they are there, just a Spot away... But since we are in the right place, speculation is the essence in these parts, and it will be on Friday at 2am +4UTC.

GG to all involved... it is exciting to be part of this unprecedented 6-digit figure, amazing.

 

It does matter.  if this turns out to be as bad as my 70k in may pick (2021) we needed 2 years and 9 months to reach 70k.

so we are looking at 2027 august when we get to 100k that is quite a while.

lets hope we just get it done this month or December 2024

[Lucius]

Well one day one year maybe we get to 100k.

we need to face the Trump pump/joy is done.

and reality is setting in. Trump tx on China 🇨🇳 Mexico 🇲🇽 Canada 🇨🇦 is on the table. This may have caused the roll back as people realize Trump will be a disruptive force. Which could fuck your business not help it.

This seems to be just the beginning - even though the EU should have been on the list, they still decided to take a much tougher stance towards some Chinese companies, which seems to have pleased the great white leader who is coming to the great white house soon. I just hope that all those who were delighted that he became president will continue to be delighted when their cost of living goes up due to trade wars.

As for 2025, maybe it will be good for Bitcoin, but the fear of the moves that the new US administration will make can be felt even now - even though I am in the EU, sometimes it seems to me that we have become a US colony because no one is talking about what we will do anymore. but what will they (US) do.

[philipma1957]

Well one day one year maybe we get to 100k.

we need to face the Trump pump/joy is done.

and reality is setting in. Trump tx on China 🇨🇳 Mexico 🇲🇽 Canada 🇨🇦 is on the table. This may have caused the roll back as people realize Trump will be a disruptive force. Which could fuck your business not help it.

I think ur gonna be a contrarian jinx and we'll get to $100K soon.

Txs for that.

What is happening now with the price is a simple consolidation before storming the moon.

This is a good thread .

Since I rebuilt my mine smaller and leaner.

I have three prong setup for btc.

42-87k buy corn
88-109k stack the mining corn.
111-155 sell some corn off.


so if we say in the 90s for the rest of the year its okay by me.

[Free Market Capitalist]

42-87k buy corn
88-109k stack the mining corn.
111-155 sell some corn off.


so if we say in the 90s for the rest of the year its okay by me.

You have missed out forecasting what is really going to happen: that the price is going to rise above $155K.

I guess the outlook will be so good that you don't even need to plan for it.

[Coyster]

We have to wait a little longer for $100k, but it is inevitable and it makes the wait pleasurable, lol. $100k is the next resistance to break now, i have a feeling it will be broken sometime next month. I was thinking today, after $100k what next, bitcoin can do something really crazy next year and rise beyond most of our imaginations, who else is thinking like this?

[philipma1957]

42-87k buy corn
88-109k stack the mining corn.
111-155 sell some corn off.


so if we say in the 90s for the rest of the year its okay by me.

You have missed out forecasting what is really going to happen: that the price is going to rise above $155K.

I guess the outlook will be so good that you don't even need to plan for it.

well the buy sell ladders have limits set.

once they are past I reevaluate what to do next.

Having an issue that my sell ladder is exceeded is not a problem that a mind dealing with.

I almost never sell all coins at anytime.

[Kemarit]

We have to wait a little longer for $100k, but it is inevitable and it makes the wait pleasurable, lol. $100k is the next resistance to break now, i have a feeling it will be broken sometime next month. I was thinking today, after $100k what next, bitcoin can do something really crazy next year and rise beyond most of our imaginations, who else is thinking like this?

Right, it's just a matter of time, eventually the price is going to be breach. There are still positive news like Trump officially sitting in the White House next year or there are still that will push the price that we haven't heard before.

So as what we have been through this cycle, we need more patience, we've seen the worst already, so we just have to wait and maybe just still buy when we can afford at this price. Obviously, after $100,000, we could be looking for the biggest cycle we have seen in Bitcoin, like around $150,000-$180,000 as speculated by a lot of investors.

[Free Market Capitalist]

Will today be the day we finally cross $100K? After a low volume Thanksgiving Day it looks like we are in a timid attempt to re-attack the $100K mark, plus this:

$13.6B in Bitcoin options expire Friday — Can bulls push BTC price to $100K?

Bitcoin is set for its largest monthly options expiry of 2024, with a total exposure of $13.6 billion.

This event provides bulls with a pivotal opportunity to push Bitcoin’s BTC tickers down $96,673 price above $100,000, making it crucial to assess the impact of call (buy) and put (sell) options set to expire on Nov. 29.