That is fine. As soon as mining farms banned from China establish themselves in another countries, bitcoin will start rising again, towards a new ATH. I have heard Texas and Florida may be the next destination of mining operations...
i think people are not naive, they are asking themselves: "if china banned miners, knowing that in china electricity was cheap, then what will be the future of bitcoin mining? if they move elsewhere? who guarantees that a few years from now they won't be banned again? people are asking these questions "and how many people made profits because they bought when the price was less than $30,000 these people are selling while they're still making a profit, it's not about being a weak hand , try to use a strategy that is convenient for each person to reduce losses. not all people have guarantees that they will be alive 5 years from now to do hodl for 5 year
I think the most advised strategy is to hold, just like OP said, so they don't risk being surprisingly caught by a sudden bull run, like many were when the last bull run started last year.
there were certain conditions that allowed the bull run, and in this scenario it will be necessary that certain conditions exist to trigger a new bull run
Remember, 1 BTC is still 1 BTC!
