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    Author Topic: Who Buys Bitcoin When The Price is 100k$?  (Read 1329 times)
    milewilda
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    July 04, 2023, 09:59:25 PM
     #181

    When you buy Bitcoin hen the price is 100k$ then how much will you sell it back to make profit because at that time the price of Bitcoin might not exceed 100k$ and if the price didn't not exceed that amount you will become a loser in the business so how does the vendors do at that time?
    Or you buy at that time and thinking that it will go up to 200k$ but ironically, the price come below 100k$. What will be you faith/fate. Many companies stopped function last year because they accumulated a lot of Bitcoin when the price was high and they were thinking that the price would go up for them to sell them off and make their profit from there but instead the price of Bitcoin drastically come down very well. So the companies  enter bankruptcy and folded. So exchange are trying to avoid such mistakes, so that they can run a long journey.

    Will the price pass 100k$ next year 2024 for buys to make their gain?

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

    Nobody knows how high the price of Bitcoin will be next year or how low. We all are looking forward to halving next year and the aftermath 😉
    On the time that we do able to reach out $100k in a fast pace manner then who wouldnt really be thinking about reaching out 150 or 200 or even more? For sure there would be those people who would really be making out that kind of consideration on buying with those prices specially when FOMO kicks in because people would really be already having the impression that the price would really be shooting up more but im much sure
    that there would really be a strong resistance on this point on which this might be having that selling point or Take profit level on where most people been setting out.This is why it wouldnt really be that so
    shocking if there would really be that rejection or correction into this point on which 100k increment wouldnt really be that so easy to breakout.

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