Why I think Bitcoin is priceless and eternal!

[arzuo]

In fact, we cannot think of or appreciate any great qualities in humans. (Various scriptures mention that humans are the best creation)


In this current era of empowerment, infinite currency systems, controlled structures, and artificial economic systems,
I believe that the price of a BTCitcoin will reach a trillion dollars, We may not be alive then,
but many of our current users will see Bitcoins at a million dollars, and at that time only the lucky ones will have Bitcoins, because there have been many tricks to snatch Bitcoins in the past and there will be more in the future.

[noorman0]

Bitcoin requires electricity; no one has ever claimed that electricity is always available everywhere, especially if you have to send it to someone in Antarctica. However, nothing will stop you from having unlimited trust; It's just that you have to convey rational things to other people.

Bitcoin is not eternal for now.

[BitBrainers]

Bitcoin requires electricity; no one has ever claimed that electricity is always available everywhere, especially if you have to send it to someone in Antarctica. However, nothing will stop you from having unlimited trust; It's just that you have to convey rational things to other people.

Bitcoin is not eternal for now.

The electricity dependency argument applies to every digital system we rely on, banking, communication, cloud storage. Bitcoin does not require more infrastructure than what already exists. And in places where electricity is unreliable, Lightning Network transactions have been processed via SMS and radio signal. The protocol adapts. That is by design.

[mcdouglasx]

It's possible that Bitcoin could reach $1 million, but it's uncertain when or if it ever will, as it doesn't depend on Bitcoin itself but on adoption, the maintenance of security, the absence of a new system that breaks the paradigm, and also on global economic and regulatory decisions. Barely two decades have passed; we're still too young to think about a million dollars. We should focus on $150,000 or $200,000 to be more realistic.

[Cryptomultiplier]

It's possible that Bitcoin could reach $1 million, but it's uncertain when or if it ever will, as it doesn't depend on Bitcoin itself but on adoption, the maintenance of security, the absence of a new system that breaks the paradigm, and also on global economic and regulatory decisions. Barely two decades have passed; we're still too young to think about a million dollars. We should focus on $150,000 or $200,000 to be more realistic.

Bitcoin in this context of it being priceless and eternal is reserved for those investors with the technical discipline of self custody and privacy, rather than it as a system designed to reclaim the value of conviction that is right now a needed skill before investing in it. To be realistic would be to see it get to an ATH first before this year runs out only then can future projection like this be a valuable topic of discussion.

I wonder if those investors who are into ETF would support this claim or it would be just another way to claim more of the real supply from those who lack conviction and patience of self custody for long term.

[EluguHcman]

Bitcoin requires electricity; no one has ever claimed that electricity is always available everywhere, especially if you have to send it to someone in Antarctica. However, nothing will stop you from having unlimited trust; It's just that you have to convey rational things to other people.

Bitcoin is not eternal for now.

The electricity dependency argument applies to every digital system we rely on, banking, communication, cloud storage. Bitcoin does not require more infrastructure than what already exists. And in places where electricity is unreliable, Lightning Network transactions have been processed via SMS and radio signal. The protocol adapts. That is by design.

And of all we are arguing about the eternity of the Bitcoin, right?
I don't know if you are aware that the philosophical term of eternal means Bitcoin has forever come to stay in the form that nothing and not even humans can contradict its existence.

The infrastructure of Bitcoin is best regarded to the traditional banking systems due to the contrast of their custodian systems which Bitcoin is Decentralized while the banks is Centralized.
So enthusiasts out of their trusts that they controls the digital currency on by themselves believe there could be no contradiction to compromise the digital and Decentralized infrastructures.

Don't forget that you must need internet and electronic devices for your P2P transaction including miners also requiring constant electricity to confirm and verify the transactions in the block. Of course the banks prints cash and can be used for exchange offline but physical tender.

[Joy_learns_crypto]

In fact, we cannot think of or appreciate any great qualities in humans. (Various scriptures mention that humans are the best creation)


In this current era of empowerment, infinite currency systems, controlled structures, and artificial economic systems,
I believe that the price of a BTCitcoin will reach a trillion dollars, We may not be alive then,
but many of our current users will see Bitcoins at a million dollars, and at that time only the lucky ones will have Bitcoins, because there have been many tricks to snatch Bitcoins in the past and there will be more in the future.

Why do you think bitcoin is priceless, that question is still unanswered by you. I will be amenable to what you said that humans are the best creation but that’s based on how mind, brain and maybe supernatural, not like
The other animal knows about a debate between us and them who is the best creation but there.

[Faisal2202]

Bitcoin requires electricity; no one has ever claimed that electricity is always available everywhere, especially if you have to send it to someone in Antarctica. However, nothing will stop you from having unlimited trust; It's just that you have to convey rational things to other people.

Bitcoin is not eternal for now.

I don't think he actually means it is eternal haha. Well if you consider it as eternel then your answer is a good one but nothing is eternal, everything has to die one day there will be demand of one thing and someday its demand will be gone but it depends on the middleman and people of middleman selling that product, to maintain the demand in short monopoly you can say but there are other better ways for someone to manage all the demand and supply but it is all fantasy.

In reality, demand could grow out of nowhere and it could fade in a night. It all depends and that's why we should not think everything is eternal. We might not be there to see the BTC hitting Trillion as OP said but to be honest I don't expect it to even hit $1 trillion haha. I think OP is high or something.

[Renampun]

It might be too much to say that Bitcoin is priceless and eternal, let's think for a moment that everything has its time, and when there is one that is superior and has everything that people need in the future, it is possible that Bitcoin will slowly be displaced. so I'm just optimistic that in my lifetime, maybe I will see that Bitcoin will grow and maybe it will reach $500k and even $1 million dollars, but still, no one knows when it will happen.. the hope is that it will happen because that is the hope of all Bitcoiners.

[Marvelockg]

It's not impossible for bitcoin to get to a million dollar but at the same time, it's not a feet we can just talk about as though it's something that can happen so easily because in all honesty, it's something that's going to take time before we see it actually happening.

In the nearest future, what's currently seen as impossible will become possible and if bitcoin continues to be relevant, there's an high level of certainty that it will break $500k and even go to an extreme value. For the main time, we just have to keep watching the extent of adoption increasing because that's also a win apart from the price increase of bitcoin.

[BIT-BENDER]

It might be too much to say that Bitcoin is priceless and eternal, let's think for a moment that everything has its time, and when there is one that is superior and has everything that people need in the future, it is possible that Bitcoin will slowly be displaced. so I'm just optimistic that in my lifetime, maybe I will see that Bitcoin will grow and maybe it will reach $500k and even $1 million dollars, but still, no one knows when it will happen.. the hope is that it will happen because that is the hope of all Bitcoiners.

I think the OP is just being optimistic but the OP is exhibiting band wagon excitement because many like OP don't really understand why people ( I mean enthusiasts that understand Bitcoin) are excited but they see the burning Bitcoin excitement globally so they too are super enthusiastic and optimistic.
The future success of Bitcoin will just corollary of the value and advantages it offers over the traditional financial systems.

[AakZaki]

Thinking about the price of Bitcoin to the point of inestimability, it is still acceptable, because we all know that the price of Bitcoin has so far continued to show its growth over time. Also related to Investors and large companies that continue to accumulate Bitcoin, it is true.

But saying Bitcoin is Eternal sounds ridiculous to me, because I never believed that anything on this earth was Eternal. Have you ever realized that anything made by man will be damaged, even those who have lived will die.

It seems that you are very enthusiastic about this Bitcoin and that is good, but remember not to look stupid because of it.

[Mrbluntzy]

We don't have control of some things that will happen in the future and we also do not know for sure what is coming in the future but hopefully Bitcoin will get to $1m one day but getting to a trillion dollars is something that we all here might not get to see except for younger one and that's also if the government will not keep fighting against Bitcoin so that it doesn't get to such height. We know that Bitcoin is decentralized but at times bad events still influences the price and we know that the government are fighting Bitcoin just like what's I heard lately that a country's government just proposed that her citizens will no longer be directly handling their Bitcoin transaction but would have to submit them to the government. So, it's not new how some government keeps attacking Bitcoin and if every other government joins suit, they could cause price to perform poorly.

 Although such might not happen but we should always protect our Bitcoin and avoid KYC platforms, remember not your key, not your coin.

[Hyphen(-)]

It might be too much to say that Bitcoin is priceless and eternal, let's think for a moment that everything has its time, and when there is one that is superior and has everything that people need in the future, it is possible that Bitcoin will slowly be displaced. so I'm just optimistic that in my lifetime, maybe I will see that Bitcoin will grow and maybe it will reach $500k and even $1 million dollars, but still, no one knows when it will happen.. the hope is that it will happen because that is the hope of all Bitcoiners.

I think the OP is exaggerating everything, but his content have good meaning. He was trying to rate Bitcoin above everything, and was trying to make us know that it should be priceless due to how he feels the system is build and how it can be in the future which I am sure he made reference of how long Bitcoin has stayed since its creation and how fast it has grown; but I feel the OP exaggerated everything even though Bitcoin worth all these praises.

Above all, the advice at last was a good one, try as much as you can to hold some Bitcoin because we never know what the future will tell, but with the potential that Bitcoin have, and it’s limited supply, we will surely be surprised with how the price will be after some years; therefore, it is good to have some Bitcoin in holding no matter how small it will be for future purpose.

[BitBrainers]

Don't forget that you must need internet and electronic devices for your P2P transaction including miners also requiring constant electricity to confirm and verify the transactions in the block. Of course the banks prints cash and can be used for exchange offline but physical tender.

Fair point, but let's be precise. The global banking system runs on more servers, more electricity, and more physical infrastructure than Bitcoin ever will. When banks go down, you cannot access your own money. When the internet drops, your card does not work either. Cash is the exception, not the rule, and even cash depends on a government that can print it into worthlessness overnight. Bitcoin is the only system where the rules cannot be changed by a single entity. That is not a technical argument. That is a property no other financial system has ever had.

[treesintheforestooh]

I think the angle of "separation of money and state" is vital for human civilization.

Once you bring in religion money into government operation, I think it - most often - turns very, very bad. "Bad" at least for the majority of people not in the money printing club.

For what it's worth, something that I've found really, really intriguing and cool lately and makes me think of Bitcoin in a whole new way is something called Digital Matter Theory.
 
Readers can see the gitbook at digital-matter-theoryDOTgitbookDOTio.

Basically, the hardened data of Bitcoin - in fact, the hardest data layer in the entire history of humanity and the world - can be used as a foundation / substrate to create non-arbitrary value... also could be referred to as "digital matter."

By identifying patterns in block data, one can begin to ascribe value to those patterns.

In that regard, I definitely see Bitcoin becoming something far more important and long-lasting than it likely already is/will be.

Can't recommend enough people take a look at Digital Matter Theory and that gitbook.

BTC

[bangjoe]

$1 million dollars still makes sense to me with the growth of bitcoin that we have gone through so far, but $1 Trillion sounds absurd, honestly it breaks my logic, how much capitalization does bitcoin have if it reaches that price?, that's more crazy, does everyone need to print as much money, maybe the dollar can be hit by 9000% inflation, or more than that so that bitcoin can increase in value? this is the most likely scenario even though it is a little pushy.
 
I believe bitcoin will be eternal but not the bitcoin network, because nothing is eternal in this world, everything can be damaged or die, or can be lost, only God is eternal.

[bitcoindusts]

In this current era of empowerment, infinite currency systems, controlled structures, and artificial economic systems,
I believe that the price of a BTCitcoin will reach a trillion dollars, We may not be alive then,
but many of our current users will see Bitcoins at a million dollars, and at that time only the lucky ones will have Bitcoins, because there have been many tricks to snatch Bitcoins in the past and there will be more in the future.

Trillion dollar?  Although I am optimistic about Bitcoin reaching $1m  but a trillion dollar a piece is an exaggeration unless dollar devaluate a billion times. .  We never know what will happen ahead, maybe Bitcoin will be the main currency or maybe Bitcoin has been overturn by latest financial technology.  All we are talking right now is just an assumptions and speculation so it really does not hold anything.

Let's just enjoy the benefits we get from engaging in Bitcoin since the most  important action is what we are doing right now.

[Jewan420]

I don't see much relevance between the title and the post. In the context of the title, Bitcoin is eternal but its value is not eternal. If the electricity and network are destroyed, Bitcoin is just a number, it will have no value.

In the context of your post, it is still unknown when Bitcoin will reach $10 million, there is also a question of whether we will be lucky enough to see that price or not. Maybe none of us will see this price. But we may be lucky enough to see $1 million or $5 million. We should not focus on the distant future right now, I am thinking about what happens in the near future.

[treesintheforestooh]

$1 million dollars still makes sense to me with the growth of bitcoin that we have gone through so far, but $1 Trillion sounds absurd, honestly it breaks my logic, how much capitalization does bitcoin have if it reaches that price?, that's more crazy, does everyone need to print as much money, maybe the dollar can be hit by 9000% inflation, or more than that so that bitcoin can increase in value? this is the most likely scenario even though it is a little pushy.
 
I believe bitcoin will be eternal but not the bitcoin network, because nothing is eternal in this world, everything can be damaged or die, or can be lost, only God is eternal.

Yeah, $1T is a bit absurd, imo. The MC would be gargantuan and not realistic with regard to the world's GDP, I think.

With that said, this raises the topic of Bitcoin Security Intensity (BSI). It's calculated..


BSI = miner revenue/marketcap


In 2014 it was at about 3.9%. For reference, the United States spends about 3.4% of GDP on security in the form of the military and other defense (low estimate; probably higher with "black" projects, etc...).

Right now, 2026 BSI is sitting at about 0.80%.

Daily Miner Revenue: $35.89M (block rewards + fees).

Annualized Revenue: $35.89M × 365 = $13.1B.

Market Cap: 20,026,037 BTC × $81,291 ≈ $1.63T.

BSI = ($13.1B / $1.63T) × 100 = 0.80%

In other words, the security/money that's protecting Bitcoin is trending down. That makes the Bitcoin network a bigger target to attack - and all the more reason to protect.

Post-2028 halving (1.5625 BTC/block), if BTC hits $1M, BSI would fall to roughly 0.13%

If Bitcoin were to reach $1T by the year 2100 the BSI would be 0.0000000149%. In other words, for the amount of value the Bitcoin network would have in MC and assets and exchange, etc... would be so enormous - while being protected by something like a styrofoam wall - that it would be attacked and brought down without question by "terrorists" or something of the sort.
 
Edit: this makes it clear that we need another way in which to subsidize miners. Fees aren't going to cut it.