0 Anonymous Asked: August 4, 2020In: Bitcoin Can Bitcoin mining kill the Bitcoin buy-and-hold strategy? 0 bitcoin buy bitcoin Share Facebook 1 Answer Voted Oldest Recent amrinved1 21 Questions 23 Answers 0 Best Answers 68 Points View Profile amrinved1 Added an answer on August 4, 2020 at 4:01 am No, the rate at which the coins are mined allows a maximum of 21 million bitcoins to exist. Coins will be lost due to poor security and death, so 21 million will never actually be reached. In addition to the scarcity, the Hash rate ( the amount of computational power used in securing the network) is continually increasing (even in this bear market) and therefore the cost of mining increases too. The inbuilt ‘scarcity’ and increasing costs of mining can only benefit the Bitcoin buy & hold strategy, or ‘HODL’ as it is known. Also Bitcoin trading is becoming really popular and is a great investment even in India 0 Reply Share Share Share on Facebook Share on Twitter Share on LinkedIn Share on WhatsApp Leave an answerCancel replyYou must login or register to add a new answer.