Post
Topic
Board Economics
Re: Bitcoin or gold?
by
deisik
on 08/05/2016, 13:31:30 UTC
Didn't it get canceled after all, wtf?

OMG... From where did you got that news? And how can the halving be cancelled? It is not possible to do that, right? By some way if they cancel the halving, then Bitcoin can crash from the current rate of $450 per coin to $4.50 per coin. The main attractiveness of Bitcoin is that it is protected from inflation. If that factor is gone, who will collect the coins?

Rumors have been circulating, questions have been asked. The theory is that, to keep miners busy, mining profitable and Bitcoin infrastructure ticking, Bitcoin price needs constant bid up (well, most of the time). As you might have seen, the recent surge from $200 up to and over $400 seems to have exhausted itself...

So is time really running out for Bitcoin?