Is bitcoin done?

[arwin100]

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?

Done? Are you pretty serious? Or you just another weak hands splattered out here? Take a look for the situation and do you think bitcoin will die if ETF will not be accepted? I think No! Since first of all theirs no ETF before and yet bitcoins got running and it creates huge impact to the world and catches many attention on business sectors. So wheter their will acceptance or not bitcoins will still their as long as their are many people will adopt it.

[Reid]

Oh this again! What is happening to this forum?
Everyone is getting scary sh1t of just a little movement.
You guys, have you ever been before where it almost strike the $1100 mark then back to $775 or something?
That is a lot of dollars there but still we stayed. Now, Just for a bit of amount we are getting scared just like that?
This is how bitcoin is and we better get used to it.

[Red-Apple]

Oh this again! What is happening to this forum?
Everyone is getting scary sh1t of just a little movement.
You guys, have you ever been before where it almost strike the $1100 mark then back to $775 or something?
That is a lot of dollars there but still we stayed. Now, Just for a bit of amount we are getting scared just like that?
This is how bitcoin is and we better get used to it.

everyone! don't be so sure about that. this topic is a Newbie account crated topic which are 99% throwaway accounts that will never come back and just post here as FUD (not saying OP is one of them but it sure looks like that specially with the choice of words he made).

and they never forgot the rise from 775 to 1000+ and never will but they choose to ignore the facts to fill their short orders.

[Shinpako09]

No, look at the price from $1100+ it goes up to $1180 again. Maybe the one that cause the price to fall in $1100 are those who got panic. Maybe they are thinking that the price would fall since disapproval.

[Rude Boy]

No for sure. The bitcoin will stay above $1000 and just stay with your bitcoin. I think we will see the next ATH near in 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. 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.

[icecube45]

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?

Fluctuations are very reasonable in bitcoin, and will certainly recover. Why do not you start selling bitcoin from a few days ago when the price is still better. If I personally maybe not maximum profits if you sell now, it is better to be patient and wait for the price to be $ 1,200 or $ 1,300. If you are patient you'll definitely get a better profit.

[ethereumhunter]

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?

for selling now at 1000 its absolutely depend on you because only you that know how much profit that you want to reach. if you think that you want more profit then you can sell it later when you see the price is increase in $1100-$1200. but at least if you sell it now, you can make good profit and i think $200 for profit is easy for you to get from selling your bitcoin.

[aardvark15]

Obviously the rejection of the Bitcoin ETF didn't have a drastic affect on the price yet. I expected a drop to below $1000 which could still happen but hasn't yet. Bitcoin seem to have some stability so I think we won't see any more big drops.

[Junko]

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 really are in it for the "long hall" (it's haul, btw, but w/e) then you're going to need to grow some stones. If you are going to whinge every time adversity crops up, do us all and yourself a favor and just head for the exit already.

Don't be a weak hand, bro. If you sell now, you'll just end up buying back in for more later.

[travwill]

Definitely a ride lately, and over the last few years or so.  I've decided after this last fiasco, that wasn't that bad, to just ignore bitcoin for a while, let it flourish without looking at it daily or that often ;-)

I cashed out a decent number of coins here over $1100+ price and just left a nice large round number now in an offline cold storage wallet.  Will check out things say towards Summer, End of Year, and in few years when halving occurs.  But will likely see BTC in the news anyways so that'll be the new source of info for me, versus watching the charts and specific sites too much.  :-)

That way I hold, or hodl as you guys love to say without stress.  I'm confident that in a few years, I'll be very happy doing this...

[BitFinnese]

I do not think Bitcoin life is ETF, and thinking of it is a Big LOL.  Bitcoin is fine even without this ETF thing.  I really think that the rejection even do a good thing than Bitcoin's ETF being approved.  Market will surely react whenever there is "bad"  press coming out but actually it was a good one for those who are buying Bitcoins since they bought it at cheaper price.

[cpfreeplz]

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!

When you talk like that you actually make some sense. You're obviously smarter than you act a lot of the times on bitcointalk. What exactly needs to be done in order to fix it though? No one can agree so the only thing I can see happening is a hard fork.

[Taki]

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.

That's right. What is the main rule of trading? Sell when the price is high, buy when it's low. If you really wish to make some money today don't hurry to buy or sell bitcoin. Learn the market and look what other traders do.

[cramcram21]

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?

Well for my opinion Bitcoin will surely recover even though ETF rejects it,
So for my opinion you should keep your bitcoin and wait for it to recover and get high again,

[rajasumi3]

NO bitcoin is not done at all.It is just the beginning of a new revolution.With the advancement of acceptance of bitcoins in the country like japan,it may have a possibility that other countries might even accept bitcoins and if it done ,we may see that the price of bitcoins would rocket upto 6 digit figure.

[jesuismarc]

Japan just approved bitcoin and it is making new highs. Bitcoin is far from being over, in fact its just getting started

[davis196]

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?

What are you talking about?
Thr bitcoin price is OK.Your thread is totally irrelevant and meaningless.
You made some profit with your savings if you didn`t sell your btc.

[Kemarit]

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?

What are you talking about?
Thr bitcoin price is OK.Your thread is totally irrelevant and meaningless.
You made some profit with your savings if you didn`t sell your btc.

Did you look at the date when the OP created this thread? Its post 1st ETF rejection. That's what his sentiment that time.

Moving forward to May, a lot has happened ever since, Japan has adopted bitcoin already and the request for the second review on the ETF application was granted by SEC. The price of bitcoin now is going strong, thanks to Japan for leading the way. I hope the OP didn't sell and hold on to his precious bitcoin because if he did, then he will have gain a lot of profit from by now. He say's he in for the long term, so I'm assuming he still has it.

[kwukduck]

Japan just approved bitcoin and it is making new highs. Bitcoin is far from being over, in fact its just getting started

Yea sure and next week or so it will hardfork and crash the complete btc economy. This is pretty much the end. We will probably go from a new ATH to being a crappy altcoin in a matter of hours when the fork happens.

[Vixmore]

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?

This topic was made in march 2017. I don't know what you are talking about, Bitcoin hasn't tanked yet and it is still rising a lot right now. You definitely shouldn't sell now, unless you don't want to make more money.