Quote from: Romanianz on March 15, 2019, 09:44:41 AM

Quote from: boyptc on March 15, 2019, 09:36:14 AM

Quote from: steveabrahams on March 15, 2019, 06:42:18 AM

Yes it's possible for bitcoin to become worthless, if someday the bitcoin price dropped to under $10, i'm sure people will stop using bitcoin anymore.

Are you sure about that? bitcoin still has value if it ever goes down to $10.

And you know what? people will not stop using it because the demand will rise and its going to be an opportunity for everyone to avail cheaper bitcoins.

I think in terms of demand and total supply in Bitcoin it will indeed have a very strong influence on the price of bitcoin, just imagine if Bitcoin is not mining anymore and it is very difficult to get bitcoin then the price will be very expensive and of course the price bitcoin won't be able to return to the price of $ 10 again.

By that time when bitcoin isn't mineable, we already have reached the total supply of 21M.

And most of the miners are going to mine just to confirm our transactions.