Following the interesting work of Ba\~nados, Silk, and West [Phys. Rev. Lett. {\bf 103}, 111102 (2009)], it is repeatedly stated in the physics literature that the center-of-mass energy, ${\cal E}_{\text{c.m}}$, of two colliding particles in a maximally rotating black-hole spacetime can grow unboundedly. For this extreme scenario to happen, the particles have to collide at the black-hole horizon. In this paper we show that Thorne's famous hoop conjecture precludes this extreme scenario from occurring in realistic black-hole spacetimes. In particular, it is shown that a new (and larger) horizon is formed {\it before} the infalling particles reach the horizon of the original black hole. As a consequence, the center-of-mass energy of the collisional Penrose process is {\it bounded} from above by the simple scaling relation ${\cal E}^{\text{max}}_{\text{c.m}}/2\mu\propto(M/\mu)^{1/4}$, where $M$ and $\mu$ are respectively the mass of the central black hole and the proper mass of the colliding particles.