Re: What happens if bitcoin price falls below the cost of mining it?

Quote from: Indra32 on February 03, 2018, 03:46:14 AM

Quote from: Bitcoinbelowmine on February 03, 2018, 03:28:52 AM

Would bitcoin be able to recover? Are we safe since 80% of bitcoin has already been mined?

I remember it happened once in 2011 (https://www.themarysue.com/price-bitcoin-falls-below-mining/amp/).

the possibility of investors and bitcoin enthusiasts will race to buy bitcoin for the mine and hope that someday bitcoin prices can skyrocket so they earn a significant profit when the price spike occurs

Definitely Yes I agree. Investors and bitcoin will race to buy bitcoin for mining. Money in mining is much higher.