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.