Topic: FUD Has Finally Taken Its Toll on Me (Read 746 times)
Few centralized governments hardly hate Bitcoin due to decentralized behavior. They don't want to lose control over the world financial system. So they are finding a way how they could make Bitcoin weak although they couldn't ban it totally. So they choose energy issues and ban mining. But you can see even though China banned Bitcoin it doesn't help to ban Bitcoin worldwide. Still, people using it, and a lot of Chinese investors are in the cryptocurrency industry. So we don't need to think much about banning Bitcoin or ban mining. Bitcoin will exist.
You’re not the first & you won’t be the last weak hands in bitcoin, OP. I’ve seen so many sell like yourself when the going gets tough. Bitcoin always recovers though & goes on to reach new highs. I can advise you to hodl & not sell but it’s up to you.
We’re in a bear market but that should make you want to buy, not sell. This is when money is made, buy more, don’t sell.
I don't know why people here keep assuming that I'm "selling" my Bitcoin. I'm not. I specifically said that I will HODL for life, regardless of how low the price of Bitcoin goes. We’re in a bear market but that should make you want to buy, not sell. This is when money is made, buy more, don’t sell.
What I said was that I'm having second thoughts about buying more Bitcoin, in light of the fact that POW mining is coming under attack by governments around the world.
You’re not the first & you won’t be the last weak hands in bitcoin, OP. I’ve seen so many sell like yourself when the going gets tough. Bitcoin always recovers though & goes on to reach new highs. I can advise you to hodl & not sell but it’s up to you.
We’re in a bear market but that should make you want to buy, not sell. This is when money is made, buy more, don’t sell.
We’re in a bear market but that should make you want to buy, not sell. This is when money is made, buy more, don’t sell.
I would deny that because I think that younger generation is more aware of the pros and cons of cryptocurrencies.
So I think they might instead support cryptocurrencies and make it legal in their countries.
If I were a person of political power then I would definitely make crypto legal with some regulation that supports it's growth.
I agree with that. As long as the younger generation is interested in bitcoin and cryptocurrency as a whole there will always be a demand for it.
Since bitcoin is decentralized there's nothing that can stop it. The governments can ofcourse regulate it or some can even ban it but they can't stop it functioning.
So as long as we all are here bitcoin is here to stay. Keep hodling.
any ban will speed up the process of spreading crypto around the world.
bans have been around since bitcoin or crypto existed in the world, but what we see bitcoin continues to grow and is getting more and more popular with this we can easily read or rate bitcoin in the future which will continue to grow and get better from generation to generation.
I would deny that because I think that younger generation is more aware of the pros and cons of cryptocurrencies.
So I think they might instead support cryptocurrencies and make it legal in their countries.
If I were a person of political power then I would definitely make crypto legal with some regulation that supports it's growth.
I agree with that. As long as the younger generation is interested in bitcoin and cryptocurrency as a whole there will always be a demand for it.
Since bitcoin is decentralized there's nothing that can stop it. The governments can ofcourse regulate it or some can even ban it but they can't stop it functioning.
So as long as we all are here bitcoin is here to stay. Keep hodling.
I would deny that because I think that younger generation is more aware of the pros and cons of cryptocurrencies.
So I think they might instead support cryptocurrencies and make it legal in their countries.
If I were a person of political power then I would definitely make crypto legal with some regulation that supports it's growth.
You will need to fully control the World to succeed in that regard . Fortunately they do not, and will not be able to in the future. One World government as they hoped for is nolonger possible. You will have independent countries with strong influence from US under Trump in the near future... This set up will be favorable to Bitcoin.
There is a reason we are on the side of Russia in the current war against One World Government.
There is a reason we are on the side of Russia in the current war against One World Government.
Three weeks ago, I liquidated 10k from my stock portfolio into my bank account. My plan was to dump it into Bitcoin as soon as it dipped under 17k. But now, for the first time since I got into crypto investing in 2017, I'm having major doubts.
I'm beginning to wonder whether Bitcoin has a long-term future, now that much of the world's nations are caught up in this 'climate' hysteria, and want to ban proof-of-work protocols, like Bitcoin, which they claim is harmful to the environment.
For example, the EU recently held a vote to ban proof-of-work mining across member nations*. Thankfully, the vote failed, but this wasn't the first time they attempted it, and I don't think it'll be the last. Eventually, as younger and more 'progressive' individuals enter positions of political power in Europe, my guess is that they'll succeed. And, once they do, the other chimpanzees in countries around the world will follow them, potentially causing the demise of our beloved cryptocurrency.
Thoughts?
* https://www.coindesk.com/policy/2022/03/14/proposal-limiting-proof-of-work-is-rejected-in-eu-parliament-committee-vote-sources/
I'm beginning to wonder whether Bitcoin has a long-term future, now that much of the world's nations are caught up in this 'climate' hysteria, and want to ban proof-of-work protocols, like Bitcoin, which they claim is harmful to the environment.
For example, the EU recently held a vote to ban proof-of-work mining across member nations*. Thankfully, the vote failed, but this wasn't the first time they attempted it, and I don't think it'll be the last. Eventually, as younger and more 'progressive' individuals enter positions of political power in Europe, my guess is that they'll succeed. And, once they do, the other chimpanzees in countries around the world will follow them, potentially causing the demise of our beloved cryptocurrency.
Thoughts?
* https://www.coindesk.com/policy/2022/03/14/proposal-limiting-proof-of-work-is-rejected-in-eu-parliament-committee-vote-sources/
I would deny that because I think that younger generation is more aware of the pros and cons of cryptocurrencies.
So I think they might instead support cryptocurrencies and make it legal in their countries.
If I were a person of political power then I would definitely make crypto legal with some regulation that supports it's growth.
You are not new in here and you also know that the news was not new but why you suddenly feel a doubt? I don't know if what did you do or eat lately but I hope you can return on your normal state but it's great that you open up your problems here. People here can surely discourage you from your plan of giving up on what you already started.
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Eventually, as younger and more 'progressive' individuals enter positions of political power in Europe, my guess is that they'll succeed
Many youngsters are involved in btc more than the adults. If many youngsters join politics then they will surely approve btc more than banning it. The only sad part is that there are countries that already banned btc or btc mining activities although that does not lead for other countries to follow as they know that btc can bring some benefits to them. 
@Crypto Bull. The reason for us to need decentralization is to make it very difficult for the government to enforce their laws and impose their command and control on the whole population. Similar to your concern, as bitcoin mining becomes more centralized, this makes it easier for the government to enforce the ban on proof of work mining. I am afraid that this might also open an argument for cryptocoins to hardfork to proof of stake which has never been done before.
Three weeks ago, I liquidated 10k from my stock portfolio into my bank account. My plan was to dump it into Bitcoin as soon as it dipped under 17k. But now, for the first time since I got into crypto investing in 2017, I'm having major doubts.
I'm beginning to wonder whether Bitcoin has a long-term future, now that much of the world's nations are caught up in this 'climate' hysteria, and want to ban proof-of-work protocols, like Bitcoin, which they claim is harmful to the environment.
For example, the EU recently held a vote to ban proof-of-work mining across member nations*. Thankfully, the vote failed, but this wasn't the first time they attempted it, and I don't think it'll be the last. Eventually, as younger and more 'progressive' individuals enter positions of political power in Europe, my guess is that they'll succeed. And, once they do, the other chimpanzees in countries around the world will follow them, potentially causing the demise of our beloved cryptocurrency.
Thoughts?
* https://www.coindesk.com/policy/2022/03/14/proposal-limiting-proof-of-work-is-rejected-in-eu-parliament-committee-vote-sources/
I'm beginning to wonder whether Bitcoin has a long-term future, now that much of the world's nations are caught up in this 'climate' hysteria, and want to ban proof-of-work protocols, like Bitcoin, which they claim is harmful to the environment.
For example, the EU recently held a vote to ban proof-of-work mining across member nations*. Thankfully, the vote failed, but this wasn't the first time they attempted it, and I don't think it'll be the last. Eventually, as younger and more 'progressive' individuals enter positions of political power in Europe, my guess is that they'll succeed. And, once they do, the other chimpanzees in countries around the world will follow them, potentially causing the demise of our beloved cryptocurrency.
Thoughts?
* https://www.coindesk.com/policy/2022/03/14/proposal-limiting-proof-of-work-is-rejected-in-eu-parliament-committee-vote-sources/
Assuming bitcoin will be banned from mining in EU it doesn't mean bitcoin will also be banned from mining in other countries. EU is only part of the world not the world is part of EU, you are overestimating EU.
Like China before, once the country with the largest number of miners in the world, after the ban was issued, the miners moved to other countries and the mining did not stop. There will always be countries that see the potential of bitcoin and they are ready to welcome it like El Salvador.
Three weeks ago, I liquidated 10k from my stock portfolio into my bank account. My plan was to dump it into Bitcoin as soon as it dipped under 17k. But now, for the first time since I got into crypto investing in 2017, I'm having major doubts.
I'm beginning to wonder whether Bitcoin has a long-term future, now that much of the world's nations are caught up in this 'climate' hysteria, and want to ban proof-of-work protocols, like Bitcoin, which they claim is harmful to the environment.
For example, the EU recently held a vote to ban proof-of-work mining across member nations*. Thankfully, the vote failed, but this wasn't the first time they attempted it, and I don't think it'll be the last. Eventually, as younger and more 'progressive' individuals enter positions of political power in Europe, my guess is that they'll succeed. And, once they do, the other chimpanzees in countries around the world will follow them, potentially causing the demise of our beloved cryptocurrency.
Thoughts?
* https://www.coindesk.com/policy/2022/03/14/proposal-limiting-proof-of-work-is-rejected-in-eu-parliament-committee-vote-sources/
I'm beginning to wonder whether Bitcoin has a long-term future, now that much of the world's nations are caught up in this 'climate' hysteria, and want to ban proof-of-work protocols, like Bitcoin, which they claim is harmful to the environment.
For example, the EU recently held a vote to ban proof-of-work mining across member nations*. Thankfully, the vote failed, but this wasn't the first time they attempted it, and I don't think it'll be the last. Eventually, as younger and more 'progressive' individuals enter positions of political power in Europe, my guess is that they'll succeed. And, once they do, the other chimpanzees in countries around the world will follow them, potentially causing the demise of our beloved cryptocurrency.
Thoughts?
* https://www.coindesk.com/policy/2022/03/14/proposal-limiting-proof-of-work-is-rejected-in-eu-parliament-committee-vote-sources/
Assuming bitcoin will be banned from mining in EU it doesn't mean bitcoin will also be banned from mining in other countries. EU is only part of the world not the world is part of EU, you are overestimating EU.
Like China before, once the country with the largest number of miners in the world, after the ban was issued, the miners moved to other countries and the mining did not stop. There will always be countries that see the potential of bitcoin and they are ready to welcome it like El Salvador.
But in this case I actually still have other beliefs in myself.
I saw the OP had registered his account in 2018 and obviously it was several years ago and of course the OP already knew about bitcoin and Crypto so created an account here.
It would be very strange if the OP liquidated all the money he has now because if he wanted the OP could actually liquidate it in 2018 which clearly bitcoin was still very cheap at that time.
But indeed there may be other calculations from the OP and this is just my wild thought.
Correct analysis. I saw the OP had registered his account in 2018 and obviously it was several years ago and of course the OP already knew about bitcoin and Crypto so created an account here.
It would be very strange if the OP liquidated all the money he has now because if he wanted the OP could actually liquidate it in 2018 which clearly bitcoin was still very cheap at that time.
But indeed there may be other calculations from the OP and this is just my wild thought.
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I'm beginning to wonder whether Bitcoin has a long-term future, now that much of the world's nations are caught up in this 'climate' hysteria, and want to ban proof-of-work protocols, like Bitcoin, which they claim is harmful to the environment.
Looks familiar as we get these FUD whenever there is a market correction, go through the archives in this forum and you will see many RIP eulogy in this forum how BTCitcoin is dead and will never rally again and we see these fear mongers all the time. If you trust the decentralized market there is nothing to worry as it will move on year in and year out even with all these FUD.I'm beginning to wonder whether Bitcoin has a long-term future, now that much of the world's nations are caught up in this 'climate' hysteria, and want to ban proof-of-work protocols, like Bitcoin, which they claim is harmful to the environment.
then we could have a good read for some reference on this one.
https://99bitcoins.com/bitcoin-obituaries/
Bitcoin has died 461 times
Then hearing up something like this with these lose of fuds in the market then as an investor or supporter of bitcoin then it would be better if he get used to it because
thats how these things circles around on this forum or entire crypto space specially on a bear market.You would see lots of those scenarios
and events which could potentially make you panic.
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I'm beginning to wonder whether Bitcoin has a long-term future, now that much of the world's nations are caught up in this 'climate' hysteria, and want to ban proof-of-work protocols, like Bitcoin, which they claim is harmful to the environment.
Looks familiar as we get these FUD whenever there is a market correction, go through the archives in this forum and you will see many RIP eulogy in this forum how BTCitcoin is dead and will never rally again and we see these fear mongers all the time. If you trust the decentralized market there is nothing to worry as it will move on year in and year out even with all these FUD.I'm beginning to wonder whether Bitcoin has a long-term future, now that much of the world's nations are caught up in this 'climate' hysteria, and want to ban proof-of-work protocols, like Bitcoin, which they claim is harmful to the environment.
I don't think waiting on the sidelines is the worst scenario to be in right now, it seems like many are in the same boat as well. Sure you didn't manage to get Bitcoin at $18K, but for all we know price can drop to $12K very soon. As long as you're a willing buyer if price get's back above $25K (200WMA as well realized price), where we could see a considerable move to the upside, then you're really not missing much imo.
It's much better to try and buy a confirmation of a trend reversal than catching a falling knife generally speaking, if you're not dollar cost averaging into a dip that is. Just my opinion, but unless you've sold Bitcoin recently, then you don't have much to regret right now. If you still have your fiat waiting on the sidelines then it's a good position to be in for now. Just keep your eye on what happens next imo.
I actually bought 2k of Bitcoin (at around 19k and 18k) a few weeks ago. I didn't have more liquid cash on hand, so I dipped into my stock portfolio, and liquidated 10k. So, I'm now waiting for another chance to buy, but I think the price is high right now, at over 20k, so I'll take my chances and wait. It's much better to try and buy a confirmation of a trend reversal than catching a falling knife generally speaking, if you're not dollar cost averaging into a dip that is. Just my opinion, but unless you've sold Bitcoin recently, then you don't have much to regret right now. If you still have your fiat waiting on the sidelines then it's a good position to be in for now. Just keep your eye on what happens next imo.
Three weeks ago, I liquidated 10k from my stock portfolio into my bank account. My plan was to dump it into Bitcoin as soon as it dipped under 17k. But now, for the first time since I got into crypto investing in 2017, I'm having major doubts.
I'm beginning to wonder whether Bitcoin has a long-term future, now that much of the world's nations are caught up in this 'climate' hysteria, and want to ban proof-of-work protocols, like Bitcoin, which they claim is harmful to the environment.
For example, the EU recently held a vote to ban proof-of-work mining across member nations*. Thankfully, the vote failed, but this wasn't the first time they attempted it, and I don't think it'll be the last. Eventually, as younger and more 'progressive' individuals enter positions of political power in Europe, my guess is that they'll succeed. And, once they do, the other chimpanzees in countries around the world will follow them, potentially causing the demise of our beloved cryptocurrency.
Thoughts?
* https://www.coindesk.com/policy/2022/03/14/proposal-limiting-proof-of-work-is-rejected-in-eu-parliament-committee-vote-sources/
One thing you should keep in mind is even if bitcoin isn't successful Cryptocurrencies as a whole are here to stay for sure. So the only way out of the problem you are in is to diversify into different Cryptocurrencies, if you are doubtful about pow, keep some money into POS. Just make sure even if one of them hits the moon it'll cover your losses in rest all of them. Practice the exactly same thing which you were doing for your stock portfolios.I'm beginning to wonder whether Bitcoin has a long-term future, now that much of the world's nations are caught up in this 'climate' hysteria, and want to ban proof-of-work protocols, like Bitcoin, which they claim is harmful to the environment.
For example, the EU recently held a vote to ban proof-of-work mining across member nations*. Thankfully, the vote failed, but this wasn't the first time they attempted it, and I don't think it'll be the last. Eventually, as younger and more 'progressive' individuals enter positions of political power in Europe, my guess is that they'll succeed. And, once they do, the other chimpanzees in countries around the world will follow them, potentially causing the demise of our beloved cryptocurrency.
Thoughts?
* https://www.coindesk.com/policy/2022/03/14/proposal-limiting-proof-of-work-is-rejected-in-eu-parliament-committee-vote-sources/
Three weeks ago, I liquidated 10k from my stock portfolio into my bank account. My plan was to dump it into Bitcoin as soon as it dipped under 17k. But now, for the first time since I got into crypto investing in 2017, I'm having major doubts.
I'm beginning to wonder whether Bitcoin has a long-term future, now that much of the world's nations are caught up in this 'climate' hysteria, and want to ban proof-of-work protocols, like Bitcoin, which they claim is harmful to the environment.
For example, the EU recently held a vote to ban proof-of-work mining across member nations*. Thankfully, the vote failed, but this wasn't the first time they attempted it, and I don't think it'll be the last. Eventually, as younger and more 'progressive' individuals enter positions of political power in Europe, my guess is that they'll succeed. And, once they do, the other chimpanzees in countries around the world will follow them, potentially causing the demise of our beloved cryptocurrency.
Thoughts?
* https://www.coindesk.com/policy/2022/03/14/proposal-limiting-proof-of-work-is-rejected-in-eu-parliament-committee-vote-sources/
I'm beginning to wonder whether Bitcoin has a long-term future, now that much of the world's nations are caught up in this 'climate' hysteria, and want to ban proof-of-work protocols, like Bitcoin, which they claim is harmful to the environment.
For example, the EU recently held a vote to ban proof-of-work mining across member nations*. Thankfully, the vote failed, but this wasn't the first time they attempted it, and I don't think it'll be the last. Eventually, as younger and more 'progressive' individuals enter positions of political power in Europe, my guess is that they'll succeed. And, once they do, the other chimpanzees in countries around the world will follow them, potentially causing the demise of our beloved cryptocurrency.
Thoughts?
* https://www.coindesk.com/policy/2022/03/14/proposal-limiting-proof-of-work-is-rejected-in-eu-parliament-committee-vote-sources/
*sigh*
Oh buddy, you really screwed yourself over with this. I understand that investing in something as volatile and new as crypto is a scary game. We all went through those same fears until we grew experienced enough to understand the potential of Bitcoin.
What you did was give the whales your coins at a very cheap price. They are going to be very happy when those coins triple, quadruple in their value within a relatively short time frame.
Instead of letting yourself get spooked you should have just invested and walked away for a few years instead of letting yourself fall into doubt.
The younger and more 'progressive' politicians got their seat in EU, I think they are more tolerant and open to crypto than the old guard camp
True, but their 'climate' agenda trumps their sympathy for cryptocurrency. I'm beginning to wonder whether Bitcoin has a long-term future, now that much of the world's nations are caught up in this 'climate' hysteria, and want to ban proof-of-work protocols, like Bitcoin, which they claim is harmful to the environment.
This indicates that we are in the capitulation phase. It's not the only message of this style that I've seen recently, so it's a good time to buy, when people are throwing in the towel.
Actually, the low Bitcoin price had nothing to do with my FUD. If anything, it actually created FOMO in me. That's why I immediately bought 2k worth of BTC, and then sold 10k worth of stocks (at a multi-year low price, I might add), and was waiting to dump it into Bitcoin, once it went down to at least 17k.
What triggered my FUD was the news of the EU voting to ban proof-of-work.
I never act with the crowd. I'm a contrarian, who likes to buy when there's 'blood running in the streets'.
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