RE: Market Took a Huge Dip But We Shouldn't be Selling in Panic : Get Relax and Hold
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Seems like a lot of crypto news coming out of China these days. Hmm... if they're going to stop the miners, wouldn't that make BTC more rare?
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Miners seems smart. They may move to other countries.
I hope at the very least it makes laptops cheaper. My gaming laptop from 2 years ago costs more now than it did in 2019.
Hmm
I heard that less miners means less difficulty, so if China shuts them down, the mining will be easier for the remaining miners, and the total supply limit will still stay at 21 million, so that would not make BTC more rare.
It seems a little counterintuitive at first but I think you're right. Less miners racing to compete lowers the difficulty. The panic shows how weak some of the hands are at these prices.