Why I think Bitcoin is priceless and eternal!

[Yorubek]

I think we should think or imagine something about Bitcoin that will be implemented in the future, some thoughts are absolutely wrong and can never be realistic. Bitcoin is volatile and its price fluctuates rapidly, so we cannot say for confirm when its price will increase and when it will decrease. It is very important to think realistically when talking about Bitcoin. Bitcoin is a long-term asset that gradually increases in price. I believe that the price of Bitcoin will increase much more than what it is now, but the price of Bitcoin can be $1 trillion, this is a matter of deep thought. Usually the price of Bitcoin increases depending on the demand of people. By looking at the upside of Bitcoin, we can guess how much the price of Bitcoin can think in the future, it is not at all right to say something about the price of Bitcoin that becomes completely pointless.

[Agbamoni]

The probability of Bitcoin reaching a million dollar is within the range of 1-10%. It is very possible but we dont know when it will reach and if it will surely reach that price. As you said, we may not be alive to wintess Bitcoin get to the price. To be realistic enough, we should be talking about Bitcoin reaching $200k, $300 in the next decade. This is a mindstone that is achieveable if we see more adoption.

[Nwada001]

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.

[BALIK]

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.

In next 10 to 15 years if it reaches $5 k or even 1 million dollar wouldn't that be enough for you? If you start buying bitcoin right now your life will change in the next 5 to 10 year if you hodl tightly

Don't get me wrong, there is actually nothing wrong with dreaming of reaching $1 trillion. But if a bitcoin is worth 1 million dollar its total market cap will be 21 trillion dollar. That is currently equal to the entire usa economy. And going to $1 trillion mean that Bitcoin alone will be worth more than the entire world's current combined economy

[uchegod-21]

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.

Op is just being optimistic, like every other Bitcoiner who wishes to see bitcoin grow. Even though his statements seem a bit too exaggerated, we cannot deny that it is still possible for bitcoin to reach $1m, whether we are alive to witness it or not. bitcoin's price has grown massively over the years and anyone following the growth of bitcoin will be moved to make such a prediction about its price.

I do not think that arguing against his statements is necessary. What is necessary now is for people to invest massively in bitcoin and be prepared to hodl for the long term. Who knows, you might just be lucky enough to see bitcoin hit $1m

[EL MOHA]

$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.

People are just making maybe unrealistic assumptions or speculation and it is because of this unrealistic speculations that most people actually invest in bitcoin with wrong intentions like getting rich which with bitcoin. So even though i wouldn’t say it’s absurd to imagine bitcoin at that price because it’s still the same imagination and thought that Everyone had when bitcoin was predicated to be heading to 1 million. While I will say it’s good to be over ambitious about bitcoin to 1 trillion is definitely way unrealistic for now.

What do mean by the network will not be eternal but bitcoin will be. Without the bitcoin network there is basically no bitcoin again. It’s the network that actually controls everything about bitcoin.

[noorman0]

The electricity dependency argument applies to every digital system we rely on, banking, communication, cloud storage.

They're not maintaining value, right? Actually, we don't need to force this factor into the context of the value or existence of bitcoin itself, in fact bitcoin is too fragile to face all the noise of infrastructure, geopolitics, etc. It is evident that more rational thinking plays a role in placing confidence in bitcoin being worthy of being an eternal medium of exchange or store of value.

[batang_bitcoin]

That's a lot to think of if Bitcoin will reach a trillion dollar each of it. We're already happily waiting for it to reach $1M soon but if it gets more to that, you're right that we might not be alive anymore. The relevance of this as an asset is also being noticed by the big financial capitalists and that's why they are also investing. But the truth is that, they're here not because they're optimistic of what it offers and the technology behind it. They are here because there's cashflow and money and the opportunity to make so much money that they can't ignore. That's because they have the capital, the resources and it's a simple waiting game for them that they've been doing all of their lives.

[Lembo69]

$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.

People are just making maybe unrealistic assumptions or speculation and it is because of this unrealistic speculations that most people actually invest in bitcoin with wrong intentions like getting rich which with bitcoin. So even though i wouldn’t say it’s absurd to imagine bitcoin at that price because it’s still the same imagination and thought that Everyone had when bitcoin was predicated to be heading to 1 million. While I will say it’s good to be over ambitious about bitcoin to 1 trillion is definitely way unrealistic for now.

What do mean by the network will not be eternal but bitcoin will be. Without the bitcoin network there is basically no bitcoin again. It’s the network that actually controls everything about bitcoin.

Will Bitcoin work without a network or is the network the real power of Bitcoin, Bitcoin is completed with a network. It is wrong to imagine Bitcoin without a network. Because the existence of Bitcoin is the network. He may not know that Bitcoin is a digital currency, Bitcoin cannot be caught or touched. It is completely dependent on the network. If for some reason the network becomes a villain, then Bitcoin will also become a villain. Bitcoin exists because of the network, it is not a fiat currency that can be used without a network. Without a network, no transaction can be made and no one can know about the Bitcoin market.

As long as there are people in the world and people use computers, Bitcoin will remain connected to the network. Bitcoin trading, Bitcoin investment, international transactions with Bitcoin require a network for everything. My request to him is to increase his knowledge about the Bitcoin network a little better.

[Smartvirus]

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.

A time we would not live to see and somehow we are to believe it…! That’s okay.

Saying that Bitcoin would be limited to the lucky ones due to the tricks that would be used to snatch or acquire with criminal means is like, limiting the ownership of Bitcoin to criminals and that’s a statement I’m not really okay with.

Bitcoin is a currency for the people and it certainly wouldn’t be limited to some as, people would always find means to spend or utilize Bitcoin from time to time, even in a rapidly changing world.

[Pandorak]

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.

It must be acknowledged that Bitcoin has enormous potential, if we look at its price, we can see for ourselves how it has risen gradually to reach levels that were once unimaginable. This is due to its ever expanding adoption, which has driven scarcity, independence from the traditional financial system and can even serve as a hedge. However, it must be emphasized that calling Bitcoin eternal seems like an overstatement, as no one can guarantee that and it must be understood that nothing lasts forever. Therefore, we are advised to invest with discretionary funds, because we do not know what the future holds, thereby minimizing risk. Furthermore, Bitcoin’s journey toward a value of millions of dollars, starting from $1 million, may not sound impossible, although the road ahead is still long. Perhaps we must first reach $200k after Bitcoin previously hit $100k, more precisely, $126k.

[suzanne5223]

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.

Despite the exceptional longevity, potential, and remarkable resilience demonstrated by Bitcoin when it survived countless regulatory attacks, hacks, market crash fud, and technological shifts.
We need to face the reality, despite our enthusiasm for Bitcoin, that nothing on earth is eternal, whether it can be physically touched or it is digital.
Yes, BTC is a powerful invention, but it is not eternal.

[AmoreJaz]

The electricity dependency argument applies to every digital system we rely on, banking, communication, cloud storage.

They're not maintaining value, right? Actually, we don't need to force this factor into the context of the value or existence of bitcoin itself, in fact bitcoin is too fragile to face all the noise of infrastructure, geopolitics, etc. It is evident that more rational thinking plays a role in placing confidence in bitcoin being worthy of being an eternal medium of exchange or store of value.

For now, let us acknowledge the fact that btc has been a very good part in our financial system. Look at the billion-dollar market it is offering to anyone. A lot of big companies are trying to get involved and get the benefit from its volatile market. Just like any other industry, this crypto market is also using the energy. So there's nothing wrong with that. And just like others, we can opt to utilize renewable energy to sustain this industry.

But be conservative with your estimates. Remember the saying - nothing lasts forever. And so with btc, we don't know its lifespan or as to how long we will enjoy this market value. So craft some contingencies or alternatives as well and not totally relying to this market as your investment.

[X-ray]

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.

Something like bitcoin is very rare, where it starts from zero and suddenly we have 1 Zettahash per second. I doubt there will be technology that could override it and overtake its places.

Are you sure we will suddenly have technology that is more decentralized than bitcoin and could bring in big amount of hashes per second like what bitcoin did? I doubt that.

Although I don't consider bitcoin to be eternal yet, I also doubt there will be other technology that could overtake it.

[Swordsoffreedom]

The probability of Bitcoin reaching a million dollar is within the range of 1-10%. It is very possible but we dont know when it will reach and if it will surely reach that price. As you said, we may not be alive to wintess Bitcoin get to the price. To be realistic enough, we should be talking about Bitcoin reaching $200k, $300 in the next decade. This is a mindstone that is achieveable if we see more adoption.

I also believe that Bitcoin has the potential to reach $1 million. But yes, that will not happen anytime soon and it will take a very long time to achieve. It could take several decades for Bitcoin to reach $1 million, that will not happen in the next decade as many people are imagining

Not to mention that the market changes daily, even hourly, and prediction is almost impossible. Therefore, we should be realistic and avoid making prediction too far into the future.

Bitcoin has not even reached $150k in this cycle as we predicted, so discussing whether it will reach $1 million or $10 million is unnecessary at this point.

[arzuo]

Why do you think bitcoin is priceless, that question is still unanswered by you.

Actually, what I mean by priceless here is that which is very expensive and not everyone will be able to buy it, only a part of it (Satoshi) will be able to buy it!
So Bitcoin is priceless because in the future very few people will be able to buy one Bitcoin, then people will usually buy and trade in Satoshi amounts. Then maybe 1 Satoshi could be 1$, 10$ or 100$ or more!

[BitBrainers]

bitcoin is too fragile to face all the noise of infrastructure, geopolitics, etc.

That is actually the opposite of what the data shows. Bitcoin has survived exchange collapses, government bans in multiple countries, 80% drawdowns, a global pandemic, and coordinated FUD from central banks. If fragility means surviving all of that and still hitting new all time highs, I would take that fragility over the stability of any fiat currency in the last 50 years. The noise you are describing is exactly what Bitcoin was designed to be indifferent to.

[colinistheman]

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.

Something like bitcoin is very rare, where it starts from zero and suddenly we have 1 Zettahash per second. I doubt there will be technology that could override it and overtake its places.

Are you sure we will suddenly have technology that is more decentralized than bitcoin and could bring in big amount of hashes per second like what bitcoin did? I doubt that.

Although I don't consider bitcoin to be eternal yet, I also doubt there will be other technology that could overtake it.

Things like Bitcoin are rare, but at the end of the day, it is just a product and result of technological development. And with the continuous advancement of technology, it would be unfair and somewhat biased to say that nothing will be able to surpass or replace it in the future.
No one can predict what will happen in the future, and anything can happen. But that probably will not happen anytime soon, and hopefully not in our generation.

[TofuRute]

bitcoin is too fragile to face all the noise of infrastructure, geopolitics, etc.

That is actually the opposite of what the data shows. Bitcoin has survived exchange collapses, government bans in multiple countries, 80% drawdowns, a global pandemic, and coordinated FUD from central banks. If fragility means surviving all of that and still hitting new all time highs, I would take that fragility over the stability of any fiat currency in the last 50 years. The noise you are describing is exactly what Bitcoin was designed to be indifferent to.

If bitcoin was really fragile, it can probably would have disappeared years ago after all the crashes, bans, and panic around it. Instead it keeps surviving every cycle and still attracts people globally. That resillience is one of the reasons many people trust it long term.

[Sticky Bomb]

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.

I love approaching bitcoin prices realistically, OP is a bit much delusional with his predictions. $1trillion prediction when we're still having an ATH of a lil above $126k is not an easy fit, bitcoin would have to reach a MC of $21 trillion to attain $1 million per BTC, I don't even want to go to what the MC would be for one trillion since it's way more out of scope for now and I hate unrealistic speculations.

BTC is a valuable asset, I agree but it isn't priceless at all, it has a price as at now which is $79865, $200k - $250k is a possible reality in the next bull run, let's focus on achieving that for now.