Post
Topic
Board Economics
Re: What happens if bitcoin price falls below the cost of mining it?
by
chaoscoinz
on 28/07/2018, 20:46:13 UTC
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/).
If Bitcoin ever falls short it might not necessarily be the end. There are numerous alternatives on the market that offer a plethora of utilities that supersede Bitcoin's. Though I feel that a true successor (Bitcoin 2.0) has not yet arrived, instead, the market has many platforms which offer completely different options from Bitcoincoin's blockchain, solving the scaling, speed, and other issues plaguing the network.