Post
Topic
Board Speculation
Re: Bitcoin will not be able to stay above $30k for 10 consecutive days ever again
by
tygeade
on 26/07/2021, 18:00:33 UTC
1. If enough miners don't mine, then bitcoin's value will be $0.
2. When all bitcoin are mined, then miners will only earn transactions fees.
3. Transactions fees are not enough to keep miners mining.
When miners do not mine but people still keep on buying that means price is still not 0. Price technically could never be zero because I am willing to pay 21 million dollars to buy 21 million coins (or 1$ for whatever amount we have at that moment) which makes it MINIMUM 1$. Just this example alone proves you are wrong, something as simple as this proving you wrong requires no other answer but lets move on anyway. 2 is okay, not a problem so why you mentioned it I have no idea. 3 is wrong, why not?

It is more than enough, who are you to judge their income being enough or not for them? 4 suddenly collapses because 3 did. 5 is just assumption and not scientific. 6 again assumption, not scientific. 7 same. 8 based on previous assumptions. 9 same. So as you can see none of this is scientific, you probably have zero idea what the word scientific means.