What exactly do we call this feeling of to hold to zero or sell at loss?
by
Rotas World
on 13/06/2022, 15:54:34 UTC
I’ve been staring at my portfolio since morning, going through my head is to hold to zero or sell at loss? Do you think this is the end for Bitcoin or we’ll reach a new ATH after this downsize?
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BoardBitcoin Discussion
Re: Will countries ban Bitcoin mining due to environmental concerns?
Most recently, the state of New York (in the US) passed a bill to ban Bitcoin mining due to environmental concerns. Some time ago, the EU did something similar (although it came into law) making both investors and miners largely concerned about the future of PoW cryptocurrencies like Bitcoin and Dogecoin. If FUD related to PoW mining damaging the environment persists (remember Elon Musk also criticizing Bitcoin?), then cryptocurrencies with PoW algorithms will be forced to switch to PoS altogether. Bitcoin will be the mostly affected since it's the biggest PoW cryptocurrency in the world. Growth for the pioneer cryptocurrency will stifle, forcing miners to close down their business for good.
Do you think countries worldwide will ban Bitcoin mining due to environmental concerns? If not, why? If mining is banned, do you think Bitcoin will switch to PoS? Will it still survive being a PoW cryptocurrency? Your input will be greatly appreciated. Thanks.
There’s more good than harm. BTC might have a strong issue surving being a PoW cryptocurrency but it’s BTC it always survives. It’s way better being PoS though
I know that you have been holding Bitcoin for years now mate,
In the market you need to be patient and persevere. Cryptocurrency is not a get rich quick scheme, there are ups and downs. Take profits while you can and hold strong while the market it down. That’s how it works in this ecosystem. Years of experience taught me this
How do you feel when the bear market is happening and do you hate it?. The bear market is normal in crypto world now but I’ll rather not have it🥲. The market dictates my daily mood. Seeing the market down bad bad is scary, torn between selling at a loss or watch everything go to 0