Post
Topic
Board Bitcoin Discussion
Re: What happens to Bitcoin in the long term?
by
Asusnumbaone
on 22/11/2020, 15:14:51 UTC
Question regarding the viability of bitcoin in the long term. From my understanding, the security of bitcoin comes from miners who verify the blockchain. What happens when there is so much halving that the reward for mining bitcoin is extremely low and the cost of verifying the blockchain for the miners exceeds the reward of their bitcoin?
In my prediction thr bitcoin price would go high and of course it will go down. Trading will be common way  source of income in the future investing on bitcoin is worth it because the price will go up and I think other government will accept bitcoin.