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

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/).

if that happened i don't think anyone would want to waste their time investing on something can't make any profit. But since 80% of bitcoins have already been mined the possibilities of bumping in the that situation again is very low so we have nothing to fear of.