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RE: LEAKED: Bitcoin Mining Faces the Chopping Block in New Chinese Regulation – CCP: "Orderly Exit"

in #bitcoin • 6 years ago

Doooood. Should I bail on btc or hang in there? I feel like this is bad for the cryptocurrency, but not necessarily bad for miners in the US. Difficulty is going to tank, and miners will flood in to fill the void.

That's not what I'm concerned about though. I'm concerned that the value of the coin will crash. What do you think?

6 years ago in #bitcoin by
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     6 years ago 

    It'll likely be too slow to notice. Like you said, other miners will step in as the Chinese exit over time.

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     6 years ago (edited)

    I'll rephrase. In light of this news, would you:

    1. Hang on to your BTC
    2. Dump your BTC into STEEM so you can convert it to STEEM power and improve curation/upvote rewards
    3. Dump your BTC into a crypto currency that might actually be going somewhere (another conversation)

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