Topic: Is bitcoin done? - page 2. (Read 2815 times)
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.
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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.
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.
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.
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.
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 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.
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 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.
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.
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.
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.
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).
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.
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.
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.
Bitcoin rose up without etf for all these years.
Rejection might reach loss but it will not be doom of btc.
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. 
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.
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.
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.
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.
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.
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.
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