So I understand the reason for the recursion limit of 1000. I want to run a script continuously, but am I right understanding that eventually the recursion limit will be reache
The recursion limit is only set with recursive functions from my understanding, so If you really want to run something repeatedly, you can simply run.
while True:
#repeated stuff goes here
Recursion is an amazing tool, but handle with care, it often can end up burning you. You were right in the fact that python can only go 1000 calls deep recursively, so if you recursive method doesn't finish by then the exception gets thrown.
Goodluck.