Don't Cap Bitcoin: The Game Never Ends

[fikrett]

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.

That's a good target to set, because it will bring you much more in the long run, but it also costs more than said apartment.. 

[Wind_FURY]

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.

Those are merely personal projections which may, or may not, happen. BUT if someone during 2010 told you that Bitcoin will surge to a six digit valuation, and that nation-states, large companies, and possibly central banks would purchase and HODL it in their vaults, would you actually believe them?

A person like you, during that time, would probably say that $1,000 or $10,000 isn't definitely NOT the limit. Although personally I believe that Bitcoin's price valuation limit is if it surges to the total market value of Gold.

[hero_the_bossman]

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.

Those are merely personal projections which may, or may not, happen. BUT if someone during 2010 told you that Bitcoin will surge to a six digit valuation, and that nation-states, large companies, and possibly central banks would purchase and HODL it in their vaults, would you actually believe them?

A person like you, during that time, would probably say that $1,000 or $10,000 isn't definitely NOT the limit. Although personally I believe that Bitcoin's price valuation limit is if it surges to the total market value of Gold.

Once BTC reaches reaches 1 M, await threads about 1 milliard

[Danica22]

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.

But supply is not the most important factor in determining the value of an asset. An asset with very limited supply but not too much demand, how can it grow indefinitely?

Gold has no fixed supply, but it is considered one of the best assets in the world, and it didn’t earn that title by accident. The demand for gold is said to be endless as it is used and applied in almost every field in the world. It is not only limited to the role of an investment, a store of value but also applied in the medical, jewelry, culinary, electronics industries...That is why even though gold has been mined for thousands of years, there has never been enough supply to meet demand.

Forget about mining gold in space, that's just a theory because mining gold in the Earth's crust is already very expensive and we haven't even mined all the gold on Earth.

By the way, is it true that the bitcoin supply is cast in stone and unchangeable? What if there was an absolute consensus of the Bitcoin community, from miners to developers, to agree to increase the supply?

[TheUltraElite]

Price in USD is only a fiat representation of its current market order. It is not the actual price of BTC, rather 1BTC is always 1BTC in amount. Hence even if the price keeps on rising, we have to consider stacking more coins for the future use of bitcoin.

Of course the idea of taking profits through trading comes to the front here, which I dont mind, people have the right to speculate on the price and sell accordingly. But this should be done tactically so that at every low and high there are trades ongoing from every person's side.

There is not end to the numbers and since the supply is deflationary, there will not be any "cap" on ATHs.

[r_victory]

It's impossible to know how high Bitcoin will rise, or if it will reach a ceiling and stagnate. Supply and demand is and always will be the golden rule. We don't know if something beyond Bitcoin will be created and perhaps take all the attention for itself. In the meantime, buy, hold, and monitor the market to avoid surprises...

[Hazink]

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..)

Every developer is now focused on how much they can make from their project and which influence they can get over it, and not what it can offer to humanity. At least that’s the impression that we have seen from all the projects that have been developed by new teams. But for the future, we can’t tell if this could be something like that; we can only be open-minded and accept it if there ever be, and not entirely say it can’t be.

[batang_bitcoin]

If Bitcoin hits $1M and that's the end goal of many, we can't blame them. It's really a great piece of record in the history if that happens. Even with $100k, many have already sold and those who have waited for this long have to do what they have to do and that's to sell because they think that they've already made some great gains. And this is only a start in seeing that Bitcoin is going to do more and greater prices in the next cycles that it will be in. We already have an idea that the impossible prices before can happen.

[Pandorak]

Basically the main thing that must be improved is the mindset in investing, because not a few Bitcoin holders such as traders who hold short-term or investors who hold long-term only focus on profits, meaning that when asked to sell when? most will answer at prices such as when Bitcoin (BTC) reaches a price of $1 million, this is what needs to be fixed, one way is to buy using the remaining income from all needs (discretionary income) so that it will not have a burden if it has to hold it in the long run and the most important thing is not to make Bitcoin (BTC) only as an investment asset, instead make the main purpose of buying so that the assets we have are not eroded by inflation, even now the value itself is rising, those who understand the potential and benefits of Bitcoin (BTC) will not think only limited to seeking profits.

[Darker45]

By the way, is it true that the bitcoin supply is cast in stone and unchangeable? What if there was an absolute consensus of the Bitcoin community, from miners to developers, to agree to increase the supply?

Then you're not anymore talking about Bitcoin. You're practically referring to an altcoin, a fork from the Bitcoin network, the original network. But don't call it Bitcoin. You can call it Bitcoin sh*t or Bitcoin 10.0 or whatever. That's no different from Bitcoin Gold, Bitcoin Cash, Bitcoin SV, and a dozen other Bitcoin copies. But, yeah, it may happen. The possibilities are endless. It may also happen that one day there's a consensus to discard Bitcoin and adopt a meme coin instead.

[tbct_mt2]

Then you're not anymore talking about Bitcoin. You're practically referring to an altcoin, a fork from the Bitcoin network, the original network. But don't call it Bitcoin. You can call it Bitcoin sh*t or Bitcoin 10.0 or whatever.

Call them as altcoins or shitcoins and don't call them with any name with Bitcoin in their names. You are experienced to know that those coins are not Bitcoin and they are scam projects, but if you name them as Bitcoin ABC, Bitcoin XYZ, newbies will be confused and they will have higher chances of scammed by those scammers with kind of your contribution.

That's no different from Bitcoin Gold, Bitcoin Cash, Bitcoin SV, and a dozen other Bitcoin copies. But, yeah, it may happen. The possibilities are endless. It may also happen that one day there's a consensus to discard Bitcoin and adopt a meme coin instead.

They are all no value altcoins and many of them died already.
Many Bitcoin forks died.

[X-ray]

Those price are just forecast and usually people are repeating a psychologically good price mark as a target.

In reality bitcoin will be like real estate property or gold. The value just gonna go up overtime as long as the inflation still exists.

It's as simple as that.

[Wind_FURY]

It's impossible to know how high Bitcoin will rise, or if it will reach a ceiling and stagnate. Supply and demand is and always will be the golden rule. We don't know if something beyond Bitcoin will be created and perhaps take all the attention for itself. In the meantime, buy, hold, and monitor the market to avoid surprises...

It's actually NOT that impossible if you think about it in terms of the money printing that world's Central Bank's like to do to create "booms" for their regions' economies, especially the country with the LARGEST economy - The United States of America.

     👀

They'll never stop printing money, and in a zoomed out graph, money supply is always going up. Therefore Bitcoin's price is always going up as well.

[FortuneFollower]

Those price are just forecast and usually people are repeating a psychologically good price mark as a target.

In reality bitcoin will be like real estate property or gold. The value just gonna go up overtime as long as the inflation still exists.

It's as simple as that.

As long as fiat is bloating, BTC will get the liquidity to become bigger and better, because it will be more and more valued as time goes on.

[letteredhub]

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.

What if we put it in this way, that the limited caps people set for bitcoin to reach isn't literally for the limiting of bitcoin but towards where they expect bitcoin price to reach for one certain period to the next. It's like setting a goal for themselves at a price where they envisage to see bitcoin price reach to. And that's why we have all different expectation caps from different entities based on their market analysis which doesn't limit bitcoin price from going above.at the end of it all.

[Altryist]

If Bitcoin hits $1M and that's the end goal of many, we can't blame them. It's really a great piece of record in the history if that happens. Even with $100k, many have already sold and those who have waited for this long have to do what they have to do and that's to sell because they think that they've already made some great gains. And this is only a start in seeing that Bitcoin is going to do more and greater prices in the next cycles that it will be in. We already have an idea that the impossible prices before can happen.

I remember when Bitcoin was worth $1,000, and back then it was very hard to believe that its price could ever reach $100,000. Even though I saw people discussing it already at that time, it all seemed impossible to me. Now, when I hear people talking about Bitcoin reaching $1 million, I take it much more seriously, I have far fewer doubts about it than I did back then regarding the $100k mark. And there will be those who sell to lock in profits, like Galaxy Digital which sold 30,000 Bitcoins, that’s their choice. But there will also be those who buy, and hold until much higher levels.

[Alone055]

We don't know if something beyond Bitcoin will be created and perhaps take all the attention for itself.

I always think about this, but then my thoughts are concluded on a line that I say to myself: Can anyone be as selfless as Satoshi? And, the answer I give myself is always a big NO.

There might be minds and brains that can create something technically better, faster, and more cost-efficient at all times, but will they be able to create it and make it fully decentralized? And keep no supply from it for themselves that they could use when it starts gaining value? Will they disappear from the scene instead of trying to gain as much publicity and attention as possible for what they've achieved?

All these questions you ask yourself make you realize what a great mind Satoshi was (if he was a single person), and how selfless he was, never cared about attention or money, only wanted to bless us with a system that we can use as an alternative to traditional financial systems with no incentives for it going to him.

[boyptc]

It's impossible to know how high Bitcoin will rise, or if it will reach a ceiling and stagnate. Supply and demand is and always will be the golden rule. We don't know if something beyond Bitcoin will be created and perhaps take all the attention for itself. In the meantime, buy, hold, and monitor the market to avoid surprises...

And if it's about the market surprise, just be known to it and you'll no longer be surprised if something goes bad to the market.

We may never know how high Bitcoin is. But we have an idea and saw it that it can rise for as high as it can be for each cycle that is going to come.

The demand is there and many of the adoptions that have happened lately includes the massive amounts from the biggest financial companies that are now part of our community and this market.

[Wind_FURY]

Shower thought, and thinking about the topic again. - In a very zoomed out chart, and having a presumption that the Federal Reserve and the other Central Banks around the world will continue to inflate the money supply over the long term, then I believe that it would be very logical to say that Bitcoin's price has NO upper limit?

  ¯\_(ツ)_/¯

[tbct_mt2]

Shower thought, and thinking about the topic again. - In a very zoomed out chart, and having a presumption that the Federal Reserve and the other Central Banks around the world will continue to inflate the money supply over the long term, then I believe that it would be very logical to say that Bitcoin's price has NO upper limit?

Zoom out, widen your view and expand your mindset, it's easily help people to recognize how governments, central banks won't fix inflationary issues of fiat currencies. Then realize how Bitcoin was designed, and how it is good in technology as well as inflation vs time design, its value and how its future will be very bullish.

Understanding those things, connecting them together, then people will see that Bitcoin is their choice, if not only choice.

https://charts.bitbo.io/yearly-candles/
https://blog.lopp.net/how-is-the-21-million-bitcoin-cap-defined-and-enforced/
https://www.visualcapitalist.com/purchasing-power-of-the-u-s-dollar-over-time/