Don't Cap Bitcoin: The Game Never Ends

[tbct_mt2]

Everything dies at some point. Even the universe probably will. As for Bitcoin, it's currently technologically relevant, but we honestly can't know right now for how long it's going to be this way.
There's also a certain limit on the price of Bitcoin at any given time. The global economy can be monetized, and Bitcoin cannot be worth more than all of the goods and services in the world. Of course, the global economy can grow, but it does so pretty slowly.
It's okay not to set a strict limit on how high the BTC price will reach, but there is a ceiling for that. Moreover, having a target in mind can be helpful to decide when one is actually ready to use/spend Bitcoin, and not just hodl it.

I can not disagree with you and I afford to lose money with my belief and investment in Bitcoin. I know of risk and accept it with my investment decision and existing position but I really disagree with any people who are over worry about risk of quantum computers or something too far in future like what will happen in and after 2140.

I believe Bitcoin won't die after 2140 year but I don't have such concern because I will not be alive in a next 100 years. It is too far in future for me to worry about.

[Outhue]

Bitcoin is limited but this still can't erase the fact that it's high volatile, highs and lows will never stop to exist with Bitcoin, and it will get to a point that Bitcoin will really feel oldy, the time is coming, because I strongly believe that everything that's ever existed have it's start and also it's ending.

Some people are already predicting that Bitcoin will some day turn into XRP kinda movement, where everything just seem stagnant, more like a stable currency, but how will institutions make money from Bitcoin then? This is why I believe that a massive manipulation plan will be carried out in the future.

Maybe even a massive reset on stock market and even crypto market, because there is a 10years old chart that's showing this signal already, I hope that I am wrong anyways, I am not the only one seeing it right now, some smart traders are also seeing the same.

[Orpichukwu]

Many people see Bitcoin as an investment and nothing more. They give Bitcoin a business approach and will always project profit which will lead to speculations about the future price of Bitcoin. Just like OP rightly pointed out, Bitcoin price cannot be capped because it has the potential of getting to any price in the future. A few years ago, most price predictions were $100k, and Bitcoin has broken that barrier. So we might start seeing another prediction and I am sure that Bitcoin will still exceed it.

Its price is actually capped? To me it's not, since every season or section has a speculated price that they expect Bitcoin to reach and break; it's all about seasonal expectation and nothing more than that. The more Bitcoin reaches new heights, the more likely the speculated amount will also increase; that's how it has just been projected. There has never been a price limit for Bitcoin that anyone said it can't pass; as long as the ecosystem is alive and humanity still values it, the price is unlimited.

[JiiBs]

Often we see people predict a Bitcoin price like $150K, or even we see $1M predictions. Let's say Bitcoin reached $1M; does it mean the Bitcoin game ended? Definitely not, but the wrong thing is limiting the Bitcoin price. We have to remember, Bitcoin is just not an asset or stock; it's a decentralised cryptocurrency with a limited supply. But it was never limited by the price; as always, Bitcoin just created a new history by breaking ATH. When you are capping Bitcoin with a limit, you are putting a limit on something that is always meant to be limitless.

I like to look at it more differently, in terms of world population. Though Bitcoin might be just 21million in its supply, it has the ability to be accommodative and that’s one of its specialty. We all know how the world population isn’t steady and is always on the rise, these are individuals that would have a need for Bitcoin and as such, you don’t get to tell them no or it’s not available because every Bitcoin has been mined, that’s where its value plays a vital role. Where even the least sat would be worth something in order to be such that, others can own a couple of them and the value it contains would be worth something. Caping it would be such a bad idea and that’s why any form to regulation that takes this pathway can never work.

[Mrbluntzy]

The game of Bitcoin never ends but the future is not as predictable as some people thinks, is it not possible that anything can go wrong in the next decade or century? Bitcoin is a speculative asset and people always speculate about the next target that the price can reach, I don't think they are setting cap for Bitcoin, it's just the expectations to know the next target that will be taken and also to calculate the profit that is expected to be made. People speculate on what their expectations are and when their time is still on, some people's time must have been over before Bitcoin gets to $5 million and no body have an idea of when that would be that's why people don't take their expectations so far yet but that doesn't mean that Bitcoin price will not reach there if nothing bad happens.

[Obim34]

Since my predictions in the price of Bitcoin, i haven't limited its cap to a specific price, my reason because i see Bitcoin as an investment for profits and progressive in each cycle, if investors rate their investment return within a specific interval, that doesn't limit what profits it will generate, it can go beyond or stay lesser.

No body in quote can cap Bitcoin price exactly, it has to be on basis of speculation within a specific period and as long Bitcoin utility continues, the price of Bitcoin will always make new ATH. Bitcoin price is speculative not definite.

[roemer]

You're thinking of it wrong.

Bitcoin's value is not going up.

The dollar's price is dumping.

Bitcoin returns have peaked in 2013-2017 and have not been crazy high ever since. It's more like a steady increase.

That's why "altseason" is a thing. It's basically caused by the Federal Reserve inflating the dollar.

There is definitely market manipulation from other assets which are controlled mainly the Federal Reserve and president. They are getting less volatile however with more education. Stablecoins are taking a hit right now from trumps new policies however ether/defi are kicking into gear as a result. Eventually the cryptocurrency industry will be able to withstand any policy changes from the magnitude of various options available.

[moneystery]

bitcoin still has tremendous potential for growth.. considering its adoption rate, it's only 3% of bitcoin's total adoption potential, meaning there are still many aths to come. therefore, when someone is skeptical that bitcoin can reach $1M, they are directly limiting its potential value and ignoring the possibility that it could reach even greater heights.

no one can predict bitcoin's limits; whether it's $100,000, $200,000, $1M, or beyond, it's all within reach. as for when that will happen, no one can predict; so we can only wait and see for it to happen.

[JaanusRaim]

I think the same. Many people think $1m is the final destination for bitcoin. That’s not true, it is just the first step to reach $100 million and eventually 1 billion USD. But do we stop there? We know we won’t, don’t we?

Nothing stops train and the journey to the moon is permanent and that’s actually a good thing.

Meaning anyone can join the journey anytime and still profit from it.

No need to be jealous of the early adopters. You can participate today and become one 10 years later

$100 million in todays USD purchasing power ?

[Alpha Marine]

People who predict a price for bitcoin are putting a cap on it. They're just saying bitcoin will reach a certain amount by a certain time. They are not saying the maximum amount for the bitcoin price is what they predict. It's normal for people to predict the bitcoin price.

Nobody can say the maximum price bitcoin can get to because we can never know. As long as bitcoin is still alive, it can get to any price. What we can do is predict what price it will reach at a certain time. People don't think $1 million is the maximum; they're only not thinking about what comes beyond it because getting to that is a lot.
There was a time when people did not think about bitcoin beyond $ 100k because it was so far away from that point.

[Digifann1]

Everything dies at some point. Even the universe probably will. As for Bitcoin, it's currently technologically relevant, but we honestly can't know right now for how long it's going to be this way.
There's also a certain limit on the price of Bitcoin at any given time. The global economy can be monetized, and Bitcoin cannot be worth more than all of the goods and services in the world. Of course, the global economy can grow, but it does so pretty slowly.
It's okay not to set a strict limit on how high the BTC price will reach, but there is a ceiling for that. Moreover, having a target in mind can be helpful to decide when one is actually ready to use/spend Bitcoin, and not just hodl it.

You have no idea where the ceiling is, and you can't know that. Justifying bad decisions with this kind of rhetoric is not smart. Many have sold too early because they have doubted. They have made this mistake, and it is good to admit when one has made a mistake instead of trying to justify things.

People who predict a price for bitcoin are putting a cap on it. They're just saying bitcoin will reach a certain amount by a certain time. They are not saying the maximum amount for the bitcoin price is what they predict. It's normal for people to predict the bitcoin price.

Nobody can say the maximum price bitcoin can get to because we can never know. As long as bitcoin is still alive, it can get to any price. What we can do is predict what price it will reach at a certain time. People don't think $1 million is the maximum; they're only not thinking about what comes beyond it because getting to that is a lot.
There was a time when people did not think about bitcoin beyond $ 100k because it was so far away from that point.

True but there are plenty of people who are actually putting a cap on it. It is a different kind of post. Many have actually doubted that $100k is possible ever.

[Ultegra134]

They are not limiting the price but rather just speculating the price of bitcoin. A lot of people into bitcoin are here for the profit so if bitcoin reaches a million in value it will mean a lot for them in terms of profit.

That's what I was about to say, while we're also speculating its price based on a specific timeline; $150,000 till the end of the year etc. Although I understand the OP's perspective, it's also wise to set realistic expectations. Bitcoin's supply is limited indeed, however, there are over 14 million coins in circulation, taking into account those that have been lost forever; it's not exactly rare.

With that being said, speculating $1M in value is in a way, capping Bitcoin's capabilities, it's also a scenario we can't be certain it'll ever happen as well.

[FortuneFollower]

They are not limiting the price but rather just speculating the price of bitcoin. A lot of people into bitcoin are here for the profit so if bitcoin reaches a million in value it will mean a lot for them in terms of profit.

That's what I was about to say, while we're also speculating its price based on a specific timeline; $150,000 till the end of the year etc. Although I understand the OP's perspective, it's also wise to set realistic expectations. Bitcoin's supply is limited indeed, however, there are over 14 million coins in circulation, taking into account those that have been lost forever; it's not exactly rare.

With that being said, speculating $1M in value is in a way, capping Bitcoin's capabilities, it's also a scenario we can't be certain it'll ever happen as well.

I think it will, though surely, it's all speculations and thoughts regarding of what - may - happen.

BTC has no cap, as its the future, and the future is limitless

[uchegod-21]

Those who are limiting bitcoin's price to a certain amount or doubting if bitcoin can actually clock a certain high  price rage do not understand the power of Scarcity. We are gradually getting to that point where a fraction of BTC will cost a fortune. Can we see that volatility which many think is a disadvantage of bitcoin can not hold down the price from reaching multiple ATHs?

Many will call it mere speculations but they have at one point or the other unconsciously or consciously made comments suggesting that bitcoin will get to a point and remain stable. In terms of price, bitcoin has no limits as long as it remains a scarce asset.

[Catenaccio]

Those who are limiting bitcoin's price to a certain amount or doubting if bitcoin can actually clock a certain high  price rage do not understand the power of Scarcity. We are gradually getting to that point where a fraction of BTC will cost a fortune. Can we see that volatility which many think is a disadvantage of bitcoin can not hold down the price from reaching multiple ATHs?

Many will call it mere speculations but they have at one point or the other unconsciously or consciously made comments suggesting that bitcoin will get to a point and remain stable. In terms of price, bitcoin has no limits as long as it remains a scarce asset.

Scarcity is not reason to make Bitcoin valuable and interesting for investors. Shitcoins can have scarcity in total supplies but they are not good for investment as they don't have good fundamentals, technology and their adoption is very limited or zero.

Shitcoins can not compete with Bitcoin and can not have higher prices than Bitcoin in a long term. They can be scam altcoins and somehow were pumped to higher prices than Bitcoin price but scams and scams and after pumps, there will be price dumps.

[philipma1957]

Often we see people predict a Bitcoin price like $150K, or even we see $1M predictions. Let's say Bitcoin reached $1M; does it mean the Bitcoin game ended? Definitely not, but the wrong thing is limiting the Bitcoin price. We have to remember, Bitcoin is just not an asset or stock; it's a decentralised cryptocurrency with a limited supply. But it was never limited by the price; as always, Bitcoin just created a new history by breaking ATH. When you are capping Bitcoin with a limit, you are putting a limit on something that is always meant to be limitless.

Let's be real for a moment. Is it really a dream? We are not dreaming, really; we are witnesses of how Bitcoin is growing without a limit and creating history with ATH. When we saw the dump again, Bitcoin created a new ATH. That means if you ask me about the target of Bitcoin, then I will say ATH. This isn't a goal actually; this is the next movement of Bitcoin, and again, the next ATH. That's how Bitcoin will survive forever. Because no one can stop it, government and regulations can't kill it. Due to decentralised behaviour, it will exist forever.

Maybe I could see price growth beyond 1 even 2 million.

But there are issues to it when block rewards shrink.

So far i have yet to see a viable fix to keep attracting miners to it.

2028 = 1.5625   Price needs to be over 240,000 and it works for miners
2032 =  0.78125 price needs to be over 480,000 and it works for miners
2036 = 0.390625 price needs to be over 960,000 and it works for miners
2040 = 0.1953125 price needs to mm be over 1,920,000 and it works for miners
2044 = 0.09765625 price needs to be over 3,840,000 and it works for miners


So I can see price growth for at least 20 years especially that pools are now taking fractions of sats for tx fees.

[Hanadawa]

No body in quote can cap Bitcoin price exactly, it has to be on basis of speculation within a specific period and as long Bitcoin utility continues, the price of Bitcoin will always make new ATH. Bitcoin price is speculative not definite.

Bitcoin is already popular now, but I believe more and more people will learn about it and invest in it in the future. This will give Bitcoin the potential for significant price increases. Considering inflation and average growth, I even believe Bitcoin will reach one million dollars in the next five or ten years. Given its current valuation, it would surpass gold's market capitalization, but I also believe gold will remain the world's largest asset by market capitalization in the future. Since Bitcoin reached its new all-time high this year, I've become even more confident in its future potential. I used to be skeptical that Bitcoin would ever reach one hundred thousand dollars.

[Hyphen(-)]

Let's be real for a moment. Is it really a dream? We are not dreaming, really; we are witnesses of how Bitcoin is growing without a limit and creating history with ATH. When we saw the dump again, Bitcoin created a new ATH. That means if you ask me about the target of Bitcoin, then I will say ATH. This isn't a goal actually; this is the next movement of Bitcoin, and again, the next ATH. That's how Bitcoin will survive forever. Because no one can stop it, government and regulations can't kill it. Due to decentralised behaviour, it will exist forever.

All the limits people are putting on Bitcoin will always come to pass. Remember the last two years when Bitcoin was below $50k? People’s expectations and aim were $100k before 2030, and it’s come earlier than expected because Bitcoin did more than a 100% increment, which was never expected, and other altcoins are yet to even recover to their previous all-time high. This shows that we can’t say what the Bitcoin price will be in the future due to its limited supply. Let’s just try and hold some fractions of Bitcoin, no matter how small they can be, or let’s even use the DCA method to accumulate as much as we can before the price skyrockets because it seems like this is just the beginning.

[uchegod-21]

Those who are limiting bitcoin's price to a certain amount or doubting if bitcoin can actually clock a certain high  price rage do not understand the power of Scarcity. We are gradually getting to that point where a fraction of BTC will cost a fortune. Can we see that volatility which many think is a disadvantage of bitcoin can not hold down the price from reaching multiple ATHs?

Many will call it mere speculations but they have at one point or the other unconsciously or consciously made comments suggesting that bitcoin will get to a point and remain stable. In terms of price, bitcoin has no limits as long as it remains a scarce asset.

Scarcity is not reason to make Bitcoin valuable and interesting for investors. Shitcoins can have scarcity in total supplies but they are not good for investment as they don't have good fundamentals, technology and their adoption is very limited or zero.

Shitcoins can not compete with Bitcoin and can not have higher prices than Bitcoin in a long term. They can be scam altcoins and somehow were pumped to higher prices than Bitcoin price but scams and scams and after pumps, there will be price dumps.

Comparing Bitcoin to shitcoins is unnecessary; they don't stand close in any way. Bitcoin is the only cryptocurrency that is truly scarce. We were told Bitcoin is capped at 21 million bitcoins; that figure stands, no addition or subtraction. This is partly possible because Bitcoin is decentralized and cannot be manipulated by any single entity.

As for shitcoins, they are centralized and not truly scarce. Because they are centralized, the creator of the shitcoin can declare wrongly the total number of coin, whereby in the real sense there is more, thereby deceiving the general public. You can trust Bitcoin 100%, but you can't say the same for shitcoins.

Bitcoin’s scarcity is indeed one reason why Bitcoin is valuable. Other reasons are still valid, but you can't rule out this fact.

[Digifann1]

Often we see people predict a Bitcoin price like $150K, or even we see $1M predictions. Let's say Bitcoin reached $1M; does it mean the Bitcoin game ended? Definitely not, but the wrong thing is limiting the Bitcoin price. We have to remember, Bitcoin is just not an asset or stock; it's a decentralised cryptocurrency with a limited supply. But it was never limited by the price; as always, Bitcoin just created a new history by breaking ATH. When you are capping Bitcoin with a limit, you are putting a limit on something that is always meant to be limitless.

Let's be real for a moment. Is it really a dream? We are not dreaming, really; we are witnesses of how Bitcoin is growing without a limit and creating history with ATH. When we saw the dump again, Bitcoin created a new ATH. That means if you ask me about the target of Bitcoin, then I will say ATH. This isn't a goal actually; this is the next movement of Bitcoin, and again, the next ATH. That's how Bitcoin will survive forever. Because no one can stop it, government and regulations can't kill it. Due to decentralised behaviour, it will exist forever.

Maybe I could see price growth beyond 1 even 2 million.

But there are issues to it when block rewards shrink.

So far i have yet to see a viable fix to keep attracting miners to it.

2028 = 1.5625   Price needs to be over 240,000 and it works for miners
2032 =  0.78125 price needs to be over 480,000 and it works for miners
2036 = 0.390625 price needs to be over 960,000 and it works for miners
2040 = 0.1953125 price needs to mm be over 1,920,000 and it works for miners
2044 = 0.09765625 price needs to be over 3,840,000 and it works for miners


So I can see price growth for at least 20 years especially that pools are now taking fractions of sats for tx fees.

If you knew exactly how much fiat is going to be printed in this period you could speculate on whether it is going to be a problem or not. But we don't know, we can only make assumptions based on past data. History shows us that we will see massive printing over the next 20 years, so reaching a price of $4M in 2044 is not that extreme.

Scarcity is not reason to make Bitcoin valuable and interesting for investors. Shitcoins can have scarcity in total supplies but they are not good for investment as they don't have good fundamentals, technology and their adoption is very limited or zero.

Shitcoins can not compete with Bitcoin and can not have higher prices than Bitcoin in a long term. They can be scam altcoins and somehow were pumped to higher prices than Bitcoin price but scams and scams and after pumps, there will be price dumps.

Shitcoins don't have real scarcity you are mistaken. Fake scarcity is not important and not worth a discussion.