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

[BTC-BTC-BTC]

A lot of people will stop mining and the Market will correct itself. Some will remain mining for future profit and other will just purchase more at mining cost.

[Strongball]

Mining would be affected if this happens and prices continues to stay low. Though bitcoin prices
are so volatile that dips and deflation happens to a lot more than spikes. It's a norm it seems in
this market, prices can affect a lot of sectors here.

[ShineftChaos]

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/).

In my own opinion, bitcoins price will never drop the cost below the mining price because people will stop mining in that situation and the transactions will be slower.

[Visteryy]

Mining BTC cost about 5.3k if I'm not wrong. So literary below it will normally not go. If ever happened then producing would mean lost, without profit. Though I don't get any clue how someone thinks BTC may visit $5k before rallying to new highs!

Exactly. I think so.
It will not be exploited if they do not receive any profit, I am sure of that.
They always calculate carefully, or at least, they see the potential of it in the future.
I suspect that it will happen.
There is a lot of electronic money that is not profitable for me but people still do it? Why? They may want to keep it and sell when prices rise.

[Ailmand]

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/).

Mining is such a tricky business now, I say that because the more the market cap is filled, the difficult it is to mine coins. And so, as more and more Bitcoins are mined and the market is filled by it. It would be more difficult to mine the remaining ones. Also, like any other currency it's not just the creation, or in Bitcoin's case, mining, that could make it prosper. The transactions and healthy circulation of the assets that are already in the market would play a bigger role in keeping the value of Bitcoin up. Why would you rely more on those assets that are not mined yet, when there is so much more to do business with that is already in the market.

[Btcjoglyn]

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/).

the possibility of investors and bitcoin enthusiasts will race to buy bitcoin for the mine and hope that someday bitcoin prices can skyrocket so they earn a significant profit when the price spike occurs

Definitely Yes I agree. Investors and bitcoin will race to buy bitcoin for mining. Money in mining is much higher.

[PEDROMAP]

I find That hard to believe, too much people involved

[MadisonWood1212]

If the value of Bitcoin goes down below the cost of digging, people may not be able to start mining anymore but will buy back Bitcoins, which results in loss of diggers, increased transaction fees.

[Rufsilf]

It is simple, the miners of bitcoin will pull out their funds and equipments and they will be transferring to another type of cryptocurrency that they may find profitable for long term mining and that will become the cause for the fall of bitcoin and the market of bitcoin will just die and that will be the very first legit death of bitcoin.

[leeheidrick]

I'm afraid of those who mined bitcoin and kept it for a long time and sold it all and made the bitcoin price go down.
this is quite dangerous and can happen anytime if they sell it on a large scale,
my advice remains vigilant while in the market Because the price can change instantly without notice

[greengirl]

If the value of Bitcoin goes down below the cost of digging, people may not be able to start mining anymore but will buy back Bitcoins, which results in loss of diggers, increased transaction fees.

I agree with your opinion. But it is hard to make that happen because the community uses Bitcoin very large.

[gnaylor]

If you understand simple economics of supply and demand you are very close to understanding bitcoin, now in any business if the production of a good or service is greater than the value generated by the gold or service, it is no longer a sustainable business, in this case, the bitcoin market will crash

[googs84]

I guess bitcoin price may fall but the cost of mining wont! They might just increase the fees of mining and thus cover the cost of mining in most easiest way like that. I guess, it wont matter if the bitcoin is nearing to an end of its supply because we will still need the mining operation to continue because thats what confirms the transaction from the blocks and thus we get our BTC transferred. So either way they will always survive no matter what. If bitcoin price false then it might happen that they will charge too much, may get different difficulty levels and more. So its like everything will be same but more costly for mining stuff.

[South Park]

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/).

Nothing significant will happen, the miners will have two options, the first is to keep mining despite the fact the current price of bitcoin does not cover the current costs, this is not a problem for big miners since they probably have a lot of cash stored just in case this happened, the second option is to mine something else that is more profitable.

[Greed Dev]

If Bitcoin prices drop below the cost of mining, I believe miners will be selling Bitcoin mining equipment cheaply. Unless Bitcoin is exploited, the Bitcoin trade will be slower, and Bitcoin will collapse.

[mamarried]

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/).

I think that we are having quite a lot time before it will be done. I mean the last block will be mined. Ant until that time, I dont think that this case will be real...

[mimienamphine]

This could be dangerous assuming it happens because it will be a lost to Mine .But we are not ever going to get to that point.But honestly ,I believe we will never get to that point when bitcoin price will become so low.The price of bitcoin will always almost move in the forward.There are flatuations that are bound to happen here and there but bitcoin is on track to a great victory.

[chaoscoinz]

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.

[farosa]

In economic has a 2 basic asset : demand and supply. If Bitcoin had not been demanded, it would not be mined over than 80%. Also, mining will have no meaning with the drop in price unless demanded. But today it is more hard to see this picture that Bitcoin from mining is at the bottom of its price.

[Lagrood]

Bitcoin has holded the very important level about 6000$ and it means that big investors and traders are not going to drop bitcoin lower, consequently they believe in bitcoin and they will probably lead bitcoin to achieve new highs. There is a question when will it happen? I do not know exactly that is why I have bought BTC not to miss a new strong upward trend.
For example, look historical data about gold. I remember that gold was bout 200-300$ and nobody imagined that gold would be 2000$. Also we may have a look at bitcoin some time ago bitcoin was 200-300$ and less part of people believed in bitcoin and bitcoin would achieve 20000$. So, I believe that bitcoin will show new highs but I do not know when.