Is bitcoin done?

[beastcoast]

Long story short I invested far more of my small sum of savings into BTC than I should have. I bought half when it was around 800 and the other half at 1100 a few months back. With the disapproval we are tanking hard. I'm in this for the long hall but I'm questioning whether or not BTC will ever recover. Should I sell now at 1000? Is this the last time we'll see this price? Is BTC doomed as a currency?

[crairezx20]

Why you don't few hours ago when the price was touch at $1,300?
Honestly we do not know if this is the last time that we can see the price right now but more people are supporting to increase the value of bitcoin.. but for me i feel that this is a last time and the price will going back to $900 value this is just my own speculation..

[Killerpotleaf]

Is BTC doomed as a currency?

only according to the core devs

[kwukduck]

It fundamentally can not recover as the community refuses to accept solutions to the scalong problem.
Of course manipulation can still do things but it's nothing stable.
As long as we do not fix bitcoin it can not grow!

[BitcoinNewsMagazine]

Holding long term you will make money. If you can't handle the volatility go ahead and sell.

[The Sceptical Chymist]

Sure, sell when everyone else is selling, that'll make you rich.   

It amazes me that people actually solicit this type of advice from total strangers on a forum, strangers who are competing for your profit.  Does that sound like a good idea to you?  As my man above said, if you can't handle volatility, best get out of bitcoin.  I'm sure you're well aware of the price swings we've had.

[btcmerich]

does it look " done"  holding 1100 USD ?  no it does not. it did not go to 600  it not even go down to 800  and it looks like it will not go down any time soon. what ever damage ETF rejection was going to cause we have seen it now  and it was not much

[ezeminer]

every time people say bitcoin is done, it only gets stronger. Long term is where it is at right now.

[RoommateAgreement]

please take a look at the history for once in your life!

bitcoin wasn't created to be used in ETFs and by investors through third parties. it was meant to be used directly and p2p without anyone in the middle.
also in the past 8 years bitcoin hasn't been rising because of ETF, i bet you only found out about it less than 3 weeks ago.
and because of these bitcoin will continue going strong the same as before after we get over this weak hands shakeout.

[Seansky]

I think bitcoin is not done for. There are really times when bitcoin's price will go down but don't say that it is done since history repeats itself in every dump, a pump will occur afterwards it might take days or more but surely a price rise will come since bitcoin is very volatile and it is driven by demand. It would not go down that easily so don't hesitate OP to hold all the bitcoin you got now and sell it with profit.

[Vaskiy]

Op has got panic of the situation, but now after rejection of etf once again the price is quite good and seems to be a growth phase. So panic sellers will make a sudden increase in the bitcoin circulation and this might manipulate the price for a short.

[FiendCoin]

Long story short I invested far more of my small sum of savings into BTC than I should have. I bought half when it was around 800 and the other half at 1100 a few months back. With the disapproval we are tanking hard. I'm in this for the long hall but I'm questioning whether or not BTC will ever recover. Should I sell now at 1000? Is this the last time we'll see this price? Is BTC doomed as a currency?

Maybe sideways around $1150 for a while with dips here and there. If you have no confidence in Bitcoin long term, sell now while you can.

[Pursuer]

Long story short I invested far more of my small sum of savings into BTC than I should have. I bought half when it was around 800 and the other half at 1100 a few months back. With the disapproval we are tanking hard. I'm in this for the long hall but I'm questioning whether or not BTC will ever recover. Should I sell now at 1000? Is this the last time we'll see this price? Is BTC doomed as a currency?

if you can't see the potential of bitcoin and are already filled with fear because of simple fluctuations then you should sell your coins now. actually it is a perfect time for you to sell, price is $1172 right now and you can make 7.2% on your second batch of coins and 46.5% profit on the first batch of coins that you bought.
sell right now and get out with the profit because bitcoin will continue rising but it will rise the same way as today, there will be fluctuations of price going up and down sometimes small ($20-$50) and sometimes big ($50-$150) and the fear you are experiencing is not worth any profit.

[VanDeinsberg12]

Long story short I invested far more of my small sum of savings into BTC than I should have. I bought half when it was around 800 and the other half at 1100 a few months back. With the disapproval we are tanking hard. I'm in this for the long hall but I'm questioning whether or not BTC will ever recover. Should I sell now at 1000? Is this the last time we'll see this price? Is BTC doomed as a currency?

The bitcoin will stay above $1000 and just stay with your bitcoin. I think we will see the next ath in the future. Don't be a dumb person caused by try to sell all of your bitcoin and you're buying it on the cheap price.

[Pierre 2]

It is definitely not done.
Bitcoin rose up without etf for all these years.
Rejection might reach loss but it will not be doom of btc.

[metony]

every time people say bitcoin is done, it only gets stronger. Long term is where it is at right now.

Holding long term you will make money. If you can't handle the volatility go ahead and sell.



We also believe this we buy BTC BTC @300 in old days and we never sell until and we strongly believe it will go above to $3000 this year end.

[Kevin77]

Should I sell now at 1000?

If you do not have passion then bitcoin investments are not for you. Bitcoin is all about holding : if you are having an assumptions of "getting rich quicker" then surely it might be a right time for quitting bitcoins before you find times to struggling with your patience.

It has has proved its worthiness many times to its long term holders. If you want to join those group you need to wait. Else you may need to join those regretting group of people.

You can ignore this etf disapproving scenario as bitcoin has more than enough investors to make bitcoin prices to bounce back from anywhere. I am speculating prices to surge toward $1500 levels in next few months.

[Soros Shorts]

Long story short I invested far more of my small sum of savings into BTC than I should have. I bought half when it was around 800 and the other half at 1100 a few months back. With the disapproval we are tanking hard. I'm in this for the long hall but I'm questioning whether or not BTC will ever recover. Should I sell now at 1000? Is this the last time we'll see this price? Is BTC doomed as a currency?

If you can't take the heat you should just divest some of your BTC holdings while you are still ahead. When you sell, don't be like some retards and just dump at market price. Instead sell in small amounts into mini rallies. In fact, the price is rising now and you can get $1180  for your coins (instead of $1000).

[1Referee]

If you're really in for the long term, then why do you question whether or not the price will ever recover? If you invest for the long term, you do that because you believe in Bitcoin's potential. If that was really the case, you wouldn't doubt about that. Not even a dump could change your mind, but it actually does. I think for now the advice of Soros Shorts is the best option for you. If you divest a portion of your coins at current rates, it will take off the heat and give you some breathing space.

[Denker]

Long story short I invested far more of my small sum of savings into BTC than I should have. I bought half when it was around 800 and the other half at 1100 a few months back. With the disapproval we are tanking hard. I'm in this for the long hall but I'm questioning whether or not BTC will ever recover. Should I sell now at 1000? Is this the last time we'll see this price? Is BTC doomed as a currency?

First of all, Bitcoin is not done and not dead!
That's the most important!
The SEC is a central authority.And Bitcoin doesn't give a sh** what they have to say. And if media tries to write Bitcoin dead because of an ETF rejection, then you know there's some agenda going on.

And in my opinion right now the chart looks good. We are hovering around 1190! We may see further attempts to push the price down a bit. But I can not see us going below 1000 for a long time if it should happen.
If you're overinvested and don't feel comfortable in your actual situation you may sell a bit of your stash. Over the long run however, and with that I mean this year and the following ones, I believe we will continue moving up.
So it's up to you what you will do or not.