Quote from: Ozero on Today at 06:13:27 PM

Quote from: Tekunda on January 12, 2021, 04:06:13 PM

If btc goes to 100k it will "only" have (more or less) doubled from its ATH.
From there it will need to rise another 100k in order to double again. I don't say this is not a good investment, but first of all crypto owners are spoiled, until up to now we were used to 10-fold, 20-fold + increases, so doubling the money has not been really special.
But this smaller reward ratio is paired with a much bigger risk ratio, since btc's swings in a correction period will also get bigger.
For hodlers who are in from the very beginning, it won't matter much probably, but where will btc find new buyers when it has reached 100k and needs to go up another 100k in order to double again in price?
And the fear of FOMO will also become smaller, as people will at one point accept, that the train has left the station.
Of course, should btc show convincing signs that it could reach 1 Million very quickly, then the whole picture changes.

Yes, these are good questions, which I have thought about many times. I also believe that as the price of bitcoin rises, it will become more difficult to find new investors at the higher price. If Bitcoin reaches a price of one hundred thousand dollars or more, the risk of its price fall and its price volatility will also increase significantly.
It seems to me that investing in potential altcoins with a lower price will then already be much more profitable. Well, maybe soon we will see how it will be in practice.

Increasing prices means increasing the range and amplitude of movement for bitcoin and it is quite inevitable that the risk of buying and selling is also higher, sometimes a few percent of the fluctuation range is enough to make us cry when we own a few bitcoin, many newcomers will look at this point to remove bitcoin from thinking and choose other altcoins, old investors only dare to use the method of surfing through leverage, instead of holding. Bitcoin needs to show a neutralization of current emotions and flows in order to stabilize the situation if it wants to continue on the same upward path.