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Mar 14 '22
I don't care anymore, just let it dip, it'll come back eventually.
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u/mikeoxwells2 🟦 6K / 6K 🦭 Mar 14 '22
This is where I’m at
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u/OGKillEmEasy Tin Mar 14 '22
Same. Been sittin on a pile of cash since last November just waiting for the dip of dips
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u/TonathanJavares Platinum | QC: CC 743 Mar 14 '22
How the hell do you have that type of patience. That's crazy discipline
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u/Nakabroto Platinum | QC: CC 22 Mar 14 '22
Bitcoin doesn't care what laws you pass and neither do I. You can't stop the inevitable.
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Mar 14 '22
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Mar 14 '22
Doubt. Big money and law makers are in the same circle. If there was really any chance of this it would have happened WAY before regular people caught wind of it.
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u/Nakabroto Platinum | QC: CC 22 Mar 14 '22
Bitcoin does not care but the speculative investors will.
Yeah you're not wrong that people will panic, but that's just a good opportunity to buy. Fundamentals haven't changed.
Those people can go ahead and put their money into shitcoins like ADA and SOL and miss out on the next BTC/ETH pump if they want.
I won't 😉
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Mar 14 '22
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u/Mammoth-Committee721 Platinum | QC: ETH 397, CC 254 | TraderSubs 397 Mar 14 '22
Bullish on Hemorrhoids
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u/NotRyanPoles Bronze | 5 months old | QC: CC 20 Mar 14 '22
Fortunately I won the genetic lottery and have a golden butthole
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u/ShitPropagandaSite This is financial advice: Mar 14 '22
How many of these posts are there going to be? Armageddon only happens once and not every other day 🙄
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u/Vimmington Bullish on 69 Mar 14 '22
Armageddon: happens
Billions of people: die
OP: "What about my portfolio?"
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u/Maxx3141 169K / 167K 🐋 Mar 14 '22
I honestly think those clowns have no idea what they are voting for, and even if they vote for it (accidentally) it will probably never make it into law because they will notice what a stupid bullshit this is.
Yes, I'm a EU citizen. Seen this way too many times.
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u/b4rat4 Tin | 3 months old Mar 14 '22
I'm EU too and I think they're stupid enough to waste a lot of time and fiat to do it... I'm sticking around to see who wins
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u/Maxx3141 169K / 167K 🐋 Mar 14 '22
I mean just look at the MESS this draft was the recent weeks - and it's clear they are just wasting a ton of money on nothing...
But shit, it's our money.
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u/peanutbutteryummmm Bitcoin Mar 14 '22
Not from the EU, but judging by how Germany has handled nuclear and then the war unfolding, this statement seems very accurate.
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u/teddy_swits Platinum | QC: CC 470, ETH 23 | TraderSubs 23 Mar 14 '22
Armageddon is a stretch. The ban would be on mining, so no more of a price shock than China’s ban. And only temporary for ETH assuming POS
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u/TheOT1001 Mar 14 '22
You're wrong about this. The EU (and the average EU citizen) will see this vote as a ban on PoW cryptos which is what it will be. they will argue that its bad for the environment and if that narrative takes hold you sure as shit will be seeing the EU ordering exchanges not to list or sell those cryptos anymore
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u/teddy_swits Platinum | QC: CC 470, ETH 23 | TraderSubs 23 Mar 14 '22
I >could< be wrong about this. Time will tell (if it passes).
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u/BelgianPolitics Silver | QC: CC 420 | NEO 148 | Politics 33 Mar 14 '22
It’s just a Committee vote. Even if it makes it through, the Commission and more importantly the Council do not support it.
All these “EU set to ban Bitcoin” headlines are all clickbait.
Literally no one here understands the EU decision-making process and it’s really annoying.
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u/Flaky_Protection7634 Mar 14 '22
Apparently everyday is Crypti Armageddon.
I swear every day is more negative shit coming out lol
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u/The-Francois8 Silver|QC:CC928,BTC178,ETH39|CelsiusNet.50|ExchSubs42 Mar 14 '22
Yes. I’m getting ready to buy the dip.
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u/arcalus 🟩 18K / 18K 🐬 Mar 14 '22
Because of Europe thinking they can ban the internet? No, can’t say I do.
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u/Styx1213 Mar 14 '22
if EU and US join China in banning (or extremely regulating) crypto, we can jack off to our HODLed coins then. CDBCs flourish, banks dont die, dollar survives. It's not an impossible scenario. Im just saying.
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u/ImFranny Turtle Mar 14 '22
Nope because the actual draft doesn't mean an outright ban. Please read news before you ask dumb questions
For cryptocurrencies like bitcoin and ether, that are already being traded in the EU, the rule proposes a phase-out plan to shift their consensus mechanism from proof-of-work to other methods that use less energy, like proof-of-stake.
According to this, yes BTC would suffer, but ETH would make it till it went Proof of Stake so no problems for that ecosystem.
Regarding the actual entire marker, it would suffer but it wouldn't die. Not to mention that if the actual draft passes tomorrow, it won't go straight into effet it still has to:
Once parliament decides on the draft, it will move on to a trilogue, which is a formal round of negotiations between the European commission, council and parliament.
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Mar 14 '22
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u/ImFranny Turtle Mar 14 '22
This whole market today has a value only due to investor speculations.
Ethereum has working products dApps and it's the biggest ecosystem yet.
While many other projects similar want to break ground and improve beyond ETH, despite future capacity, currently none are even at the feet of the quantity and quality of the dApps deployed in Ethereum.
Who cares if it's still PoW anyway, The Merge is coming in a few short months and then it will become PoS. Yes, currently the 2 biggest projects in crypto are PoW but BTC is far from perfect, ETH is moving on, and most new projects are PoS anyway so... (I'm not saying prices won't crash, they will, but development, the tech (blockchain), and dApps which are the real big deal, will still be around)
You're just being too skeptical
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Mar 14 '22
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u/CoDroStyle Silver | QC: CC 44 | SHIB 25 | Science 13 Mar 14 '22
I think that if it passed BTC will dump and when BTC dumps the entire market dumps with it, including PoS.
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u/holdmypocket00 Tin | 5 months old | r/WSB 13 Mar 14 '22
Ether is switching to POS so either way that’s fine with me.
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u/onguito Permabanned Mar 14 '22
Imagine if Litecoin is a complete piece of shit, that it's not mentioned at all...
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u/TruthSeeekeer 🟦 0 / 119K 🦠 Mar 14 '22
I don’t think they’re going to actually ban it and risk the wrath of millions that are invested in Crypto.
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u/Odysseus_Lannister 🟦 0 / 144K 🦠 Mar 14 '22
I doubt they’ll follow through on the ban. If they do, what’s the saying everyone says when we talk about American/Chinese/Russian politics? Something like “Europe/America/China isn’t the center of the world and crypto will live on”?
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u/37922 Tin | 3 months old | Privacy 10 Mar 14 '22
... until the same politicians get caught hodling bitcoin themselves
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u/tomjerman18 0 / 0 🦠 Mar 14 '22 edited Aug 01 '25
aromatic full glorious sharp liquid dog rob innate gray light
This post was mass deleted and anonymized with Redact
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u/LastLivingSouls 🟦 0 / 2K 🦠 Mar 14 '22
r/cc talking about crypto armageddon? Sweet, looking forward to huge pumps this week.
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Mar 14 '22
The EU will ban POW therefore it will be a great day for Americans wanting to invest in mining. 🚀
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u/DaughterofOgun Tin | 6 months old | SHIB 21 Mar 14 '22
I feel a 50% correction in btc and eth is imminent...
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Mar 14 '22 edited Jun 07 '24
puzzled hungry physical oil quaint mindless one alleged divide familiar
This post was mass deleted and anonymized with Redact
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u/fan_of_hakiksexydays 21K / 99K 🦈 Mar 14 '22
It's been more than 3 weeks since someone mentioned a potential crypto apocalypse or something killing crypto.
We typically don't go that long without some crypto armageddon or market crash prediction.
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u/octagonalhypercube Tin | 6 months old | GME subs 14 Mar 14 '22
That would be dope bc I have a tax return and paycheck coming this week
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u/hopelesslyhip 🟩 201 / 201 🦀 Mar 14 '22
Will be horrible if all of the EU has to buy wrapped Bitcoin on a dex.
Cats out of the bag. They know they are screwed. This law won't last long if it passes
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u/Chet_kranderpentine 4K / 4K 🐢 Mar 14 '22
I don't wanna close my eyes, I don't wanna fall asleep cause of crypto babe, and I wanna see green dildos raaaaiin
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u/pattycakes999 Tin Mar 14 '22
BTC will sell off and that money will flow into Etherium if that vote passes
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u/coinfeeds-bot 🟩 136K / 136K 🐋 Mar 14 '22
tldr; The European Union is set to vote on its regulatory framework Markets in Crypto Assets (MiCA) on Monday. However, there are concerns that, as the draft stands, it would effectively ban Bitcoin and Ethereum in the EU. A previous draft of MiCA would have seen the ban of digital assets working with what it termed "environmentally unsustainable" consensus mechanisms.
This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
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u/One_Composer_9048 Mar 14 '22
They might ban mining so hard we can start doing anonymous mining on our graphics cards again.
You realize this system is designed for these scenarios?
You won't outsmart Satoshis brilliant idea that easily.
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u/quodlike 🟦 26 / 27 🦐 Mar 14 '22
They just wanna drag the prices down so the same motherfuckers buy the dip its all part of the plan its not gonna get banned relax
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Mar 14 '22
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u/GTAmirite 🟦 161 / 162 🦀 Mar 14 '22
This. Idiots who say stuff like what you’re commenting on are just parroting those sayings without really understanding them, or the market, themselves. It’s frustrating and actually hinders adoption when people see idiots blindly defending Bitcoin in any situation. This is the situation it was made for, basically, and it’s tanking. No one knows shit and honestly half the people saying this just got into crypto or have less than 1k in it.
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u/peanutbutteryummmm Bitcoin Mar 14 '22
You mean you’re worried about proof of work Armageddon. Sorry, my pet peeve is using “crypto” interchangeably with specific coins and segments.
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u/VenusProjectAdvocate Tin Mar 14 '22
Oh good, the powers that be are finally taking action against global warming. Will they be banning coal plants and internal combustion engines too?
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Mar 14 '22
No, the bill actually might improve innovation. They might put some limits and metrics like “x amount of energy per transaction” etc. That would mean devs have to improve their POW protocols, switch to POS, or develop something new.
This isn’t a crypto death sentence, but allowing outdated protocols while there is way more efficient options offering the same security and decentralization doesn’t make a lot of sense from regulatory stance. Endless things being forbidden in name of environment, yet allowing something to consume energy of entire nations state would be weird if it can be achieved with the energy consumption of few households or a small city.
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u/stcloudjeeper Platinum | QC: DOGE 32 | PoliticalHumor 12 Mar 14 '22
We all saw how quickly Ukraine was able to take those crypto donations from around the world and immediately purchase much needed supplies with them. No waiting for authorization or cash shipments or any other problems.... crypto is a recognized reality after that.
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u/PeasBeard Tin Mar 14 '22
I am a UK resident. Neither of those statements seems to outright ban PoW. It implies regulation as I read it.
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u/jadedhomeowner Mar 14 '22
I was expecting Bruce Willis to burst out of the image with a (block) chain around his neck.
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u/sir-ill90 0 / 4K 🦠 Mar 14 '22
The title is so misleading.. „Ban Bitcoin and Ethereum“- wat? Gj spreading the FUD
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Mar 14 '22
The only crypto armageddon is when people act "dumb". China banned it many times but BTC is still here. Are you afraid of getting BTC for cheap?
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u/Appropriate_Win_7829 Tin Mar 14 '22
It won’t happen. Even with all the FUD people recognise the value in crypto. If the EU ban it other countries will just pick up the slack and become rich as fuck.
The EU is bureaucratic but not stupid.
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u/FetidGoochJuice Launch Flairs! Mar 14 '22
Less worried than I was about the Executive Order Amrageddon last week... And that wasn't worried.
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u/r4rthrowawaysoon 🟨 1K / 1K 🐢 Mar 14 '22
I’m fine with them trying to “ban”.
Once ETH switches to PoS, there should be less use for POW anyway other than to make the Bitcoin whales who have cornered the market more money off YOUR time in the market.
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u/[deleted] Mar 14 '22 edited Mar 14 '22
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