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Home»Bitcoin»Bitcoin and the psychological leap: From $100K to $1M

Bitcoin and the psychological leap: From $100K to $1M

Bitcoin By Gavin13/11/2024
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Ah, Bitcoin. Bitcoin is the most exciting, heart-wrenching ride in financial markets. Each time the market reaches an all-time record, it’s met with a chorus, virtual champagne glasses, and inevitable celebration. “I told you so” You know that one person who has been holding Bitcoin since 2013. Well, here we are again—Bitcoin has once again shattered expectations. As I watched the Bitcoin price rise, I experienced an epiphany. It wasn’t about the price tag—it was about the psychology of it all. It was the mysterious magic of large round numbers.

Take a minute to admire this modest yet impressive $100K achievement. Everyone has been looking at it for months like a golden prize. With their sights set on the threshold, Bitcoiners have been pushing prices forward as ants move crumbs. $60K? You’re almost there. $80K? But $100K? Then what about the $100K mark? It’s a big deal. Not just a numerical barrier, it is a psychological one. It’s not only about the market value, but also about transformation.

Why don’t we break it down? We humans—bless our little brains—are inherently biased towards big, round numbers. These numbers give us an elated feeling. If your Bitcoins increase by $1,000 you are likely to dance a little. Your heart beats faster when you see the $1,000. This is a simple number that’s easy to understand. When you start telling others, “Oh, Bitcoin just went up $1,000 today,” And everyone is impressed. Nice, isn’t it?

Wait for it. The real twist is about to come. The game will change once Bitcoin reaches $100,000. What about that $1,000 increase? The difference will feel like pennies. It’s not because you suddenly become richer. Instead, the situation has changed. A $1,000 investment is suddenly no longer an achievement. When you are used to Everest, it’s just like walking over a puddle. It’s still an action, but the adrenaline rush isn’t as high.

We’ll start to think in percentages when Bitcoin hits the $100k milestone. Here, dear reader is where all the psychological excitement begins. These small $1000 swings are as noticeable as one raindrop during a torrential downpour. Bitcoin’s value will begin to move in increments of $10,000, $20,000, or even more. When you see $10,000 moving, it’s easy to think “What a big deal!” “Ah, just another Tuesday.” Smaller movements will cause the dopamine rush to wear off quicker than you think “HODL.”

What’s next after you reach $100K? $1 million. Bitcoin will flirt with $1 million, and we’ll look back at our $1,000 or $10,000 transactions with a laugh. The $1,000 and $10,000 gains will feel like stepping stones to something bigger. And at that point, all that will matter is the momentum—the relentless psychological pressure of “What’s next?”

Don’t forget to include the emotional gymnastics. You’ll sweat as if you were at the gym the first day if you make a swing of $10K. The next day, you’ll barely blink when it surges $50K in a matter of hours—like a seasoned pro watching the tides roll in. Bitcoin is for you. It’s like riding a see-saw—one moment you’re up, and the next, you’re hanging on for dear life. Bitcoin will experience even more wild swings when it crosses the $100,000 barrier. It won’t be a small and friendly increase anymore. It will leap and leap quickly.

While we rejoice at the price increase and all of the chatter surrounding Bitcoin’s new high, take a minute to think. What we’re really witnessing isn’t just a price surge—it’s a mental shift. It’s a shift away from the small victories to big leaps. Numbers that we can easily grasp are being replaced by those which require us think in percentages. What happens when Bitcoin reaches $1 million dollars? When will the fun begin?

Keep your grip. Hold on tight.

The article below is an overview of the topic. Take. The opinions expressed here are those of the authors and not BTC Inc. or Bitcoin Magazine.

“This article is not financial advice.”

“Always do your own research before making any type of investment.”

“ItsDailyCrypto is not responsible for any activities you perform outside ItsDailyCrypto.”

Source: bitcoinmagazine.com

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