Don't Cap Bitcoin: The Game Never Ends

[bitzizzix]

There's nothing wrong with everyone's predictions about Bitcoin's highest price, as these predictions are merely speculation and may be inaccurate. Bitcoin doesn't actually have a price ceiling. As long as the number of users continues to grow, the price will continue to rise. Although dips will always occur, the price will eventually rise again, even surpassing its previous high, and will continue to do so.
While there's no price ceiling for Bitcoin, several factors can prevent it from reaching the predicted price, such as regulation, overall economic conditions, barriers to adoption, and other factors. These factors can lead many people to make predictions, and in fact, there's no price ceiling for Bitcoin. However, ultimately, these obstacles are overcome, allowing Bitcoin's price to continue its unabated rise.

[Ultegra134]

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

There's also (almost) no limit on how low it can go, there are indefinite numbers before $0. As phillipma1957 had once said, Bitcoin will either reach $1M or crash below $10,000, and this is what I also support. It'll either go extremely well, or extremely poor, there's no in-between. This is the main reason I'm concerned and I appear modest when making predictions or any kind of speculations. The risk is quite great, because the amount I've currently accumulated is quite reasonable to end up zero.

[melinoe]

There's also (almost) no limit on how low it can go, there are indefinite numbers before $0. As phillipma1957 had once said, Bitcoin will either reach $1M or crash below $10,000, and this is what I also support. It'll either go extremely well, or extremely poor, there's no in-between. This is the main reason I'm concerned and I appear modest when making predictions or any kind of speculations. The risk is quite great, because the amount I've currently accumulated is quite reasonable to end up zero.

We still need to believe and base it all on facts presented - I don't see it as highly likely to crash, and if it happens - well, then the rest of the market will be dead 

[Digifann1]

There's also (almost) no limit on how low it can go, there are indefinite numbers before $0. As phillipma1957 had once said, Bitcoin will either reach $1M or crash below $10,000, and this is what I also support. It'll either go extremely well, or extremely poor, there's no in-between. This is the main reason I'm concerned and I appear modest when making predictions or any kind of speculations. The risk is quite great, because the amount I've currently accumulated is quite reasonable to end up zero.

We still need to believe and base it all on facts presented - I don't see it as highly likely to crash, and if it happens - well, then the rest of the market will be dead  

People are overestimating the chance of failure now. As more traditional interests get aligned with Bitcoin, they are not going to let something like that happen. They have the money, connections and infrastructure to prevent something like that from happening. In any case, a crash sub $10,000 would wipe out all altcoins with it too as you say.

[coolcoinz]

I also think that it's not going to end as long as there's inflation. It's most likely going to slow down to a point where you'll think it's not going up anymore.

Like right now you can see a general uptrend where we get 20% a year or something like that, but it used to be 1000%. One dayu you'll go down to 10% a year and volatility will drop to 1% so you'll think it's dead, but it will be very much alive, still doing more than savings accounts, bonds and gold.

[mindrust]

100 years later 1 bitcoin will be at $1 trillion and your kids or grand kids will curse you for not buying it when it was at $120k.

Mark my words.

$1 million is already not a matter of if anymore.

$1 billion? Obviously the next target. Probably will happen in the next 20 years after we reach 1 million usd.

Then comes $1 trillion.

It surely won’t stop there but I don’t know what comes next after the trillion so I dunno. Was it quadrillion? Maximillion? Megamillion? Gigamillion? Have no idea.

[Ultegra134]

We still need to believe and base it all on facts presented - I don't see it as highly likely to crash, and if it happens - well, then the rest of the market will be dead 

That's true, if Bitcoin goes, it will drag all the other cryptocurrencies with it. It'll be the end of a great era, but let's hope nothing like this happens.

People are overestimating the chance of failure now. As more traditional interests get aligned with Bitcoin, they are not going to let something like that happen. They have the money, connections and infrastructure to prevent something like that from happening. In any case, a crash sub $10,000 would wipe out all altcoins with it too as you say.

I get what you're saying, but never say never, as much as it's possible for bitcoin to surpass $500,000 or even more, it's as possible for it to fall crashing down. Who knows, 5 years from now governments could start fighting cryptocurrencies.

Don't get me wrong, I'm not trying to he pessimistic, but I want to be as down-to-earth as possible.

[Japinat]

Very often we hear bitcoin price predictions particularly from popular bitcoin analysts, and as what I have understood, they don’t set a price limit on it, they are just anticipating what will be the future price of bitcoin.

Since bitcoin is highly volatile that makes it unpredictable, then it’s normal for us or any bitcoin analyst to predict what will be its next month’s price, year end price or the price 5-10 years from now, but there is no way any bitcoin analyst can set limits for bitcoin price opportunities.

[Botnake]

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

Bitcoin journey will always be visible and permanent as long as there won’t be any future coin that would beat bitcoin’s feature and excellent potentials. For now, I don’t see any much more potential coin that would drag bitcoin down, but honestly no one knows what’s in store for the future.

However, while bitcoin is here to stay and continue to provide us with irresistible gains, then never stop yourself from investing into bitcoin. Bitcoin has no certain price limits, it could skyrocket whenever it want to. And no one can stop it, no matter how the government would ban bitcoin again and again.

[Darker45]

It will probably not exist forever, but I certainly agree with you that putting a cap on Bitcoin's price is most likely wrong. I'm more or less sold to the argument that if fiat can go down in purchasing power for years and decades and centuries, and gold growing more valuable for not only centuries but millennia, it is also possible for Bitcoin to go on appreciating for as long as it's relevant.

Unlike fiat and gold whose supplies inflate continuously, Bitcoin's has an end. And if Bitcoin remains relevant a hundred years from now, its value in fiat must already be staggering.

[Reatim]

Unlike fiat and gold whose supplies inflate continuously, Bitcoin's has an end. And if Bitcoin remains relevant a hundred years from now, its value in fiat must already be staggering.

gold is limited but we just might have not discovered all that there is in the world but we can’t really create any more gold than we have but fiat we can always create more it’s unlimited so i do not think they are similar

bitcoin and gold are both limited in supply that’s why they are considered good investments

[Darker45]

Unlike fiat and gold whose supplies inflate continuously, Bitcoin's has an end. And if Bitcoin remains relevant a hundred years from now, its value in fiat must already be staggering.

gold is limited but we just might have not discovered all that there is in the world but we can’t really create any more gold than we have but fiat we can always create more it’s unlimited so i do not think they are similar

bitcoin and gold are both limited in supply that’s why they are considered good investments

It's one thing for an asset to have limited supply; it's another to have fixed supply. That's a world of difference. If it becomes cost-beneficial in the near future, the gold market will even have new supply coming from outer space. Extra-terrestrial or asteroid mining will become a thing as soon as technology makes it affordable enough.

It's even wrong to say we can't create any more gold. Gold can be produced in a laboratory, at least theoretically. Of course, it won't be worth it, but it can be done.

Bitcoin's supply, on the other hand, is cast in stone. There are IOUs and hollow numbers and paper coins, though.

[Rustam Meraj]

You make great point that putting limit on Bitcoin price even at high amounts like $1 million misses what Bitcoin truly is. It is not just stock. It is unique digital currency that is decentralized and has limited supply which means its value is not capped like other investments. Bitcoin history of constantly reaching new all time highs even after big dips shows it is always growing because more people want it but there is only so much available. And everyone seems that each new ATH as just next step in Bitcoin journey believing its decentralized nature makes it unstoppable by governments and gives it limitless potential to keep growing forever.

[Digifann1]

People are overestimating the chance of failure now. As more traditional interests get aligned with Bitcoin, they are not going to let something like that happen. They have the money, connections and infrastructure to prevent something like that from happening. In any case, a crash sub $10,000 would wipe out all altcoins with it too as you say.

I get what you're saying, but never say never, as much as it's possible for bitcoin to surpass $500,000 or even more, it's as possible for it to fall crashing down. Who knows, 5 years from now governments could start fighting cryptocurrencies.

Don't get me wrong, I'm not trying to he pessimistic, but I want to be as down-to-earth as possible.

That's not how the world works. The government does what the rich people want. If they own a lot of Bitcoin and have businesses that operate because of Bitcoin, then it is not going anywhere. Understanding how the world works is being down to earth, everything else is FUD.

[Ultegra134]

That's not how the world works. The government does what the rich people want. If they own a lot of Bitcoin and have businesses that operate because of Bitcoin, then it is not going anywhere. Understanding how the world works is being down to earth, everything else is FUD.

I agree, but we need to acknowledge all possible scenarios. What tou mentioned is true, until it isn't. There's nothing certain, and I'm nkt referring only to Bitcoin, but in general. This isn't an attempt to spread FUD, but to understand that there's always two sides of the same coin; what might apply now might not in 5 or 10 years from now.

I'm not pessimistic about Bitcoin, quite the opposite, I'm just trying to be prepared for both scenarios, but the negative one is one we're never truly prepared in any case.

[fuguebtc]

Due to decentralised behaviour, it will exist forever.

Whether it lasts forever or not will depend on demand, it will not last if people's demand for it is no longer there. It is true that bitcoin is proving itself to be a superior asset, financial instrument and seems to have no limits and no other asset can compare at the present time.  But as we all know, the world is constantly evolving and bitcoin is just a result of that evolution. So if in the future, when something newer and better is created, the demand for it will probably disappear . So I don't think bitcoin will last forever .

Also, everything has a limit and it's just that bitcoin hasn't reached its limit yet, it's not infinite.

[Hewlet]

Due to decentralised behaviour, it will exist forever.

It is good to be positive that bitcoin will live longer and continue to be more relevant than what we have at the moment but that it will live forever is what we can't completely say how realistic that sort of thing is... Technologically speaking, the world is growing at a very fast pace and with time, what's technologically relevant today might not be so relevant with time. This is what has paved way for bitcoin because it becomes an answer to the needs the financial system of the world has had need of since the past.

As long as big institutions, whales, and the demand for bitcoin continues to gain momentum, then we can be certain that bitcoin will continue to blossom and grow.

[Catenaccio]

Due to decentralised behaviour, it will exist forever.

I believe that Bitcoin blockchain will exist forever but how we can access it, and use our bitcoin for buying, sellings, deals will be very different in the future than now and in the past. When governments nationally and globally put their eyes more closely on Bitcoin, they will enforce more regulations on it, and there will be less freedom to use Bitcoin blockchain without legal issues with governments.

By being decentralized, Bitcoin blockchain will be for everyone but Bitcoin users will have to be more knowledgeable and careful with legal problems in future.

As long as big institutions, whales, and the demand for bitcoin continues to gain momentum, then we can be certain that bitcoin will continue to blossom and grow.

The market does not only have institutional investors but retail investors, traders, speculators and gamblers. They are all important in the market and their existences mean a lot for the market. At different market phases, their activities will be different and more or less active than the others and themselves in other phases.

[melinoe]

Due to decentralised behaviour, it will exist forever.

Whether it lasts forever or not will depend on demand, it will not last if people's demand for it is no longer there. It is true that bitcoin is proving itself to be a superior asset, financial instrument and seems to have no limits and no other asset can compare at the present time.  But as we all know, the world is constantly evolving and bitcoin is just a result of that evolution. So if in the future, when something newer and better is created, the demand for it will probably disappear . So I don't think bitcoin will last forever .

Also, everything has a limit and it's just that bitcoin hasn't reached its limit yet, it's not infinite.

I don't think something as BTC would be created in the near future - everyone chases profit, not something idealistic or an idea of sorts, or a good set of ideas.

(Unfortunately..)

[shield132]

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.

The bolded part is one of the best answer. I've been saying for many years that if you have invested in Bitcoin an it's price at the moment is lower than its ATH, you don't have to worry about anything because Bitcoin has one rule, it always surpasses its ATH.
Bitcoin will reach 1 million dollar in the next decade and for that next decade and to my mind, the best aim for everyone will be to aim to have 1 Bitcoin in their hands before it reaches 1 million dollar. I was arguing with my friends, forget about your aim to have 1 apartment in then next decade, aim to have 1 Bitcoin in your wallet.