Post
Topic
Board Bitcoin Discussion
Re: I think we will see a lot of weak hands at $100K
by
xSkylarx
on 21/02/2021, 10:16:25 UTC
The $100.000 milestone is starting to look way more probable than ever, especially after such rally the past few days. I cannot blame anyone for selling at such prices, due to it being a huge psychological boundary. Myself, have sold at lower prices for the same reason. Tried to recover from my mistakes though and will try to hold as much as possible.

I'm not sure myself either though. I wouldn't be exactly sure if I'd sell or keep my BTC, supposing Bitcoin was to hit $100.000 in a month.

No one would just buy bitcoin at that price, even a hundred thousand satoshi would be expensive. What I will do is sell half of it or an amount that is equivalent to 2yrs of my salary then wait for a year to see if bitcoin can still go beyond that price. If so, I would not sell it until I retire. Bitcoin has only 21 million supply and every 4 years the difficulty for it to mine a whole gets half so I believe it can still go higher than $100k. It's still early to see that because bitcoin is not that acknowledged yet in many countries.