Why I think Bitcoin is priceless and eternal!

[Patikno]

Basically, nothing is eternal in this world, even the Earth we inhabit is considered ephemeral according to scientific or religious perspectives. Maybe, natural events could cause the loss of technology in this world, such as the extinction of ancient creatures whose species have disappeared. Well, some of this is still theoretical, but isn't it plausible?

So, I believe nothing is eternal in this world, and everything has a time limit, even ourselves (humans) cannot be eternal. The technology in this world (including Bitcoin) may still last for thousands of years or more, but nothing can guarantee its permanence. I believe Bitcoin has a long way to go, and there is no sign it will crash. Bitcoin price growth is also likely to continue with increasing interest in it, whether from adoption by companies, institutions, or countries.

[TheUltraElite]

Bitcoin's price in terms of fiat will increase no doubt, but 1BTC will always remain 1BTC.

The adoption of bitcoin is increasing but we should work towards getting it more popularized in the communities we belong to in order to increase it further. Eternal is a vague word to apply right now. We dont know what the future holds, for now at least we are hopeful that bitcoin will become huge in future.

Since it will become expensive, people will sell it and bring down the fiat price, then someone will buy it again and the cycle continues. But we have to keep collecting as much bitcoin as we can before that happens.

[SquirrelJulietGarden]

Bitcoin's price in terms of fiat will increase no doubt, but 1BTC will always remain 1BTC.

The adoption of bitcoin is increasing but we should work towards getting it more popularized in the communities we belong to in order to increase it further. Eternal is a vague word to apply right now. We dont know what the future holds, for now at least we are hopeful that bitcoin will become huge in future.

Since it will become expensive, people will sell it and bring down the fiat price, then someone will buy it again and the cycle continues. But we have to keep collecting as much bitcoin as we can before that happens.

Nothing is eternal in life even Bitcoin and we all don't know about future while Bitcoin is a digital thing that can stop working anytime. I know with decentralization, Bitcoin blockchain and network are strong against centralized attacks but its future is not certain with many unpredictable things in the world. I believe that the world won't  have any too severe like catastrophe digitally to wipe out Bitcoin existence from blockchain, network to transactions. If such day comes, I think it will be the end of this planet and surely I don't want it to happen.

About future, Vijay wrote an interesting book that initially published on Medium but later as hard paper book which is for sale on Amazon.
The bullish case for Bitcoin. If you don't like reading it on Medium, you can buy a book on Amazon.

[Sammye3]

Patience and discipline is required to enjoy the benefit bitcoin brings but not every investor would be there to see bitcoin at $1million. Bitcoin has the potential of reaching a million dollars but nobody knows "when"? This is an important question that every investor would be asking and doubts begin to rise because bitcoin's price seems like it's not going past $100k in the closest time.

[Dunamisx]

Everything about Bitcoin has come to stay and it is an opportunity for people to adopt it in the same way they make use of Fiat currency, how it mean to us determine how we learn it and apply it on a various demands, there is every reason why we should have an alternative to currency with spend and that is why bitcoin was in place for everyone who wishes to embrace decentralization.

[Muba20]

A big concern of people nowadays is that they are more attracted to wrongdoings. They are busy with strategies on how to increase their wealth by doing corruption. They try to take advantage of everything by artificially creating a crisis in everything. But when a big corruption is done, its impact starts to affect the entire country. Such a situation is prevailing in almost all the countries of the world.

The common people had no option to stay away from corruption and irregularities. They had to face constant losses in the financial crisis but now they are free after the emergence of Bitcoin. Governments can print money but now the common people will not suffer for it. They will keep their wealth in Bitcoin and they will get rid of whatever level of inflation is. Surely there is a competition of bad cultures in the world now due to which the economic situation will be bad, it is true, but by investing in Bitcoin, people will be able to keep themselves completely safe from such risks in the future.

[TokenTikas]

because there have been many tricks to snatch Bitcoins in the past and there will be more in the future.

I believe bitcoin will go far in the near future, no doubt about that but I’m not fully convinced that it will last forever because it needs a lot of maintenance and support to keep it running. We all agree that bitcoin is one of the greatest coins of all time, but when it comes to being permanent, I’m not so sure. If it can keep growing in acceptance and move along with the times, then maybe it’s possible, otherwise it might not last forever.

[Zaguru12]

I believe bitcoin will go far in the near future, no doubt about that but I’m not fully convinced that it will last forever because it needs a lot of maintenance and support to keep it running. We all agree that bitcoin is one of the greatest coins of all time, but when it comes to being permanent, I’m not so sure. If it can keep growing in acceptance and move along with the times, then maybe it’s possible, otherwise it might not last forever.

The actual question is what is forever, one thing we all need to actually understand is that there is nothing that is said will last forever if that’s the perfect context we all should put this. Bitcoin has everything to say it can last as long as it wants. If you’re looking at bitcoin current case scenario and think there needs to be things that will look obsolete in the future then know that this is a network that actually has the ability to be have changes under consensus rule (fork), it’s not that some of the things are permanently fixed and cannot be addressed.

[Asiska02]

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.

This method of sending bitcoin is not talked about much and the dependency on electricity is where the main focus are. This may not look to be the best viable option to go for most people today.

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.

Anyone can think and envision big as long as bitcoin remains on an uptrend trajectory, it would just be a matter of time for us to see bitcoin reaching all time high and touching the prices predicted for it to reach from now. Based on how bitcoin works, no one can confidently tell the time it will reach a particular price but most speculators give it a range of time which many use as a point of reference. A million dollar is still very far from how far we’ve come after almost two decades, till will tell on how soon it’ll become realistic.

[BitBrainers]

This method of sending bitcoin is not talked about much and the dependency on electricity is where the main focus are. This may not look to be the best viable option to go for most people today.

It does not need to be the primary option today. The point is that it exists and it works. Blockstream Satellite already broadcasts the full Bitcoin blockchain continuously without internet. GoTenna mesh transactions have been tested in areas with no connectivity. These are not consumer products yet but they prove the protocol can function outside the standard infrastructure stack. The argument that Bitcoin depends on the internet the same way banks do is simply not accurate. The redundancy is already being built.

[Byebyebtc]

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.

This is uneasy to process 
Bitcoin could reach a million dollars yes, I think we should focus on that one for now, talking about a trillion dollars is something I have no say on.

But If Bitcoin successfully reach a million dollars, then it can definitely reach a trillion dollars as well, but talking about a trillion now, feels weird to me

[Vaskiy]

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.

This is uneasy to process 
Bitcoin could reach a million dollars yes, I think we should focus on that one for now, talking about a trillion dollars is something I have no say on.

But If Bitcoin successfully reach a million dollars, then it can definitely reach a trillion dollars as well, but talking about a trillion now, feels weird to me

Even a million is not an easy thing to reach. As the availability of bitcoin is limited, the price increase is sure. In the past bitcoin was available for cheap and slowly price kept bouncing and people started to invest into bitcoin. By the time there were more ways to earn bitcoin. Slowly as the price increased more kind of multiplier scam existed and the usage into illegal things increased. By then bitcoin had some negativity among the people. Slowly the price increase made it a store of value and businesses started adopting it and accepted into payments. So, periodically things had transition and value keeps increasing. In reality trillion seems to be something exaggerated.

[macson]

I believe that the price of a BTCitcoin will reach a trillion dollars, We may not be alive then,

I get that you love Bitcoin so much, but a trillion dollars? You seem to be delusional. Just think logically, there’s no need to get carried away with that kind of fantasy.

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.

Well, it's possible, but there's no need to get your hopes up that it'll happen anytime soon. The process may take longer than expected. So, even though we hope Bitcoin reaches $1 million, let's just use it as motivation for the long term.

[m2017]

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,

Why? What are the reasons (prerequisites) that bitcoin will reach this mark?

We may not be alive then, but many of our current users will see Bitcoins at a million dollars,

But this is a bit contradictory to what you wrote in the title, that bitcoin is priceless.

and at that time only the lucky ones will have Bitcoins,

Lucky ones? Can you "win" bitcoin in the lottery or gambling?

Anyone willing to invest their money can get bitcoin.

because there have been many tricks to snatch Bitcoins in the past and there will be more in the future.

What does this phrase have to do with your statement about bitcoin being eternal? That scams aimed at stealing your bitcoin will last forever?

"Why I think Bitcoin is priceless and eternal!" - I didn't see any explanation in your post as to why you think that way. Your post reads more like a disjointed stream of thoughts about nothing.

[BitBrainers]

and at that time only the lucky ones will have Bitcoins,

The "lucky ones" framing misses the point. The people who accumulated at $3,500, $10,000, even $30,000 were not lucky. They made a decision when the majority was skeptical or outright dismissive. Luck implies no agency. What actually separated early holders was conviction in the face of uncertainty, which is a different thing entirely. The opportunity is still open. The price is higher, the position size is smaller, but the decision is the same one.

[Luzin]

I don't think like that, but it could happen or not. Eternal means lasting until the end and not limited by time. That's good and I hope it can happen, but I also believe that it cannot be eternal. Let's see how China shuts down crypto activities? That also seems possible worldwide. But in the current industry, I think adoption is starting, trust is being built. So everything depends on the community and the legality established by the government system. If viewed based on the law of demand and scarcity, the price will continue to rise and the value is likely to become even greater.

[Lida93]

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

A trillion dollars—that's too much for anyone to even imagine Bitcoin will get to that much value; millions is possible but common. Even the next generation might not see it in that value, and even if the government are fully in support of it, a trillion dollars is not just a few figures, and another possible way that it could have little chance of reaching it is if the dollar drastically loses its value and purchasing power, just like the difference between $1 million and 1 billion naira; we know which is greater.

Yeah, a possibility of what the OP is proposing to be in future could only be in the likelihood of happening with bitcoin price where the dollars abysmally loses it's purchasing power while on other hand bitcoin sprints continuously high, and this would be only where and when adoption has turned about a 100x of what we have today. I rather prefer when realistic predictions of bitcoin future price are projected, like $1m.

[BitBrainers]

I don't think like that, but it could happen or not. Eternal means lasting until the end and not limited by time. That's good and I hope it can happen, but I also believe that it cannot be eternal. Let's see how China shuts down crypto activities? That also seems possible worldwide. But in the current industry, I think adoption is starting, trust is being built. So everything depends on the community and the legality established by the government system. If viewed based on the law of demand and scarcity, the price will continue to rise and the value is likely to become even greater.

China has banned Bitcoin multiple times. The network didn't notice. Hash rate dipped, miners relocated, and the protocol kept producing blocks. A government can ban access. It cannot ban the math.

[ThemePen]

For Bitcoin to get to such extreme valuations it is not only measure of asset growth, but it is measure of traditional currencies purchasing power that is being ripped away. With central banks continuing to create money, hard assets will naturally serve as sponge for this excess money.

I think most difficult part of price target is not price itself, it is conviction to stick around until we reach price. Volatility is supposed to push out most people long before those numbers are reached, because they are not real understanding of protocol. I can not tell you what was tricks you are talking about, regulatory or market manipulation, but it is just test of patience. Ultimately, actual worth of Bitcoin could lie not simply in dollar value but in empowerment of financial autonomy in world that is becoming more regulated.

[RibbonRaptor]

For Bitcoin to get to such extreme valuations it is not only measure of asset growth, but it is measure of traditional currencies purchasing power that is being ripped away. With central banks continuing to create money, hard assets will naturally serve as sponge for this excess money.

I think most difficult part of price target is not price itself, it is conviction to stick around until we reach price. Volatility is supposed to push out most people long before those numbers are reached, because they are not real understanding of protocol. I can not tell you what was tricks you are talking about, regulatory or market manipulation, but it is just test of patience. Ultimately, actual worth of Bitcoin could lie not simply in dollar value but in empowerment of financial autonomy in world that is becoming more regulated.

Sometimes when bitcoin price goes up, its not only because btc is becoming more valuable, but also because fiat money is losing purchasing power over time. and yesm the hardest part is not buying bitcoin but holding it through all the volatility. In the end bitcoins real value is not just the price. its the financial freedom and control it give to people