Topic: Is bitcoin done? (Read 2793 times)

Here I will forecly suggest that don't sell your bitcoin Currently , reason is behind this suggestion is that suppose you bought the bitcoin at 950$/btc ( average of your both time buy price of the bitcoin ) , so here you need just wait for more because your Profit is not much more yet you get , most of the people turned Thier Profit to about 30-40% until they get , they hold for long time , so take your patience with your mind greediness and hold it until it reached about atleast 2000$/btc .

Its because other countries are bewatching the effect of the bitcoins adoption in japan and im sure that if they see some improvements on it well other country will follow to adopt bitcoin since it has a good factors where other e currency cannot give unto them. But for now maybe they are debating about bitcoins existence but when the times bitcoins pressence will spread well not only Japan,Philippines or other unmentioned counties surely others will follow them by using bitcoins in their transaction cycles.

Widespread is a good and a must for bigger growth in the value. As quoted the price might reach $2000 by the middle of the year. This won't be because of the Asian countries, because Japan alone has got legalized usage, other country people have started using it but governments can take any decision any time. Korea is much into regulating their own digital token and not about bitcoin.

It seems like there is almost a domino effect where bitcoin gradually gains more and more government approval. Governments can use the success of bitcoin approval in other countries to argue for approval in their own countries. If this trend continues, Bitcoin will essentially never die. It is nowhere close to being done.

Bitcoin now are widely use not only on japan and Philippines but in all asian country especially china and korea. BTC will be soon at 2000$ price before the mid year.

There is no chance to see the bitcoin in low and it give dips in the chart for sure. However, you can still buy the bitcoin now and hold for future because the bitcoin value will rise for sure in future.
As Japan and Philippines adopted bitcoin as in use. Now, Aussies also planned to implement the bitcoin in their country. It will give huge adoption rate on bitcoin. We will see the big price in chart for sure.

Why is it that these are the last time that we can see something like this? I know the price right now is very unbelievable and I was shock that it is still rising up and now that the price has make it to the $1800 mark it is still possible that it can increase a mile notch up until it reach $2000 mark value, in my opinion it is still good and it not done yet until bitcoin is fluctuating upward you still have a chance to come back!

Surely not even *you can seriously believe that garbage you are claiming ?  

You think the B.U. guys are stupid enough to try for a hardfork the moment it touches 51% (*if it ever does, which is unlikely) ?

Ignoring the fact that the attempt would likely *fail - From my understanding of the protocol, 51% is just when it becomes theoretically *possible, but still *very unlikely.   They need to reach more like 75-80% to stand a reasonable chance of maintaining a dominant chain position.   and I doubt that they will ever get anywhere near that.   Most smart Miners would know better than to allow a single entity to have control over that much hashing power and would leave their pools long before that.

They have already shown (multiple times) that they aren't competent to even *maintain any sort of existing reliable codebase (much less any innovative new developments) with several completely-unanticipated bugs in their bodgy fork , *and then they *rush ad-hoc fixes out with *no-significant testing period to ensure they arent making things *worse with their hurried patches..

and *If they *were stupid enough to try without a significant majority margin, I think they would *immediately lose a lot of their support, since any attempt at 51% would clearly demonstrate that they are not at all interested in a consensus or the interests of the users, but would be simply trying to wrest personal control over it by force and damn the consequences that could result to the bitcoin ecosystem from a hostile takeover attempt..

Are *these the sort of people you would want to place newly in charge of a project that.. with the current devs, has a proven track record of reliability and security for *8 years now ?   I know that I don't..

As has already been pointed out, The majority of Exchanges will *not even *list BU until they have implemented some form of replay protection, which they are unwilling - and probably *incapable of - doing. especially at this point.

*Then, *if they do protect against replay, Most exchanges have said that they will list Unlimited as "BU", *not "BTC" to avert the problems of two closely matched chains swapping dominant positions - possibly repeatedly - until the dust settles.   The BU community has still not come up with any answers to the exchanges statements except to sulk.

your claim of "'We' will probably go from ATH to crappy altcoin in hours" *has to be deliberate FUD, or if you *really do believe that, then it shows that you have *no fundamental understanding of what would happen *if the blockchain was to hardfork and should be ignored as obviously clueless.

Also, Whats this "we" stuff pale-face ?    

You keep trying to use that term to try to sound like you are "a bitcoin supporter" and give your blather some credibility (hahah), but *everyone here knows that you have done nothing but talk crap, attempt to spread FUD, and jumped gleefully on shouting every vaguely imaginable doomsday scenario you can from the treetops, then going silent (for a while) when you are proven (again and again) to be be utterly wrong.

In fact, I would probably be annoyed by your monotonously predictable kwack-ing, were it not for the fact that one of your posts is nearly always a *good sign (and worth a laugh), since history shows you make a *great contrary indicator.  So Kwack away little ducky, you are just convincing me even more that we are on a good path, simply because you dont like it.

Hows that "Obviously overvalued, *My TA "Team" predicts an immediate crash to 180 and then down into double digits within a couple of weeks" bet you made a couple of years back looking now ?   Just think, you *could have been up *10x up on an investment if you hadn't been so intent on FUD'ing..

Ah Kwucky.  do you often get the feeling that "The *purpose of your life is to act as a good example for others of what *not to do" ?

I would if I were you.

(want to bet he just ignores this post, like he ignores all inconvenient facts that contradict his "visions") ?

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.

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.

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.

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.

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

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.

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,

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.

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.

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.

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...

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.

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.

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.

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.

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.

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.

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.

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).

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.

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.

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.

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.

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.

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

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

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.

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

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!

only according to the core devs

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..

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?