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Topic: How can you be optimistic short term at this point? (Read 1821 times)

full member
Activity: 126
Merit: 100
I suggest obtaining BTC for their purchasing power, not their exchange rate into USD.

This will only work once people start selling for BTC, and not for BTC based on how much FIAT they will get for their BTC. If you look at all BTC sales everybody adjusts BTC for inflation/deflation; so if you are a buyer with FIAT and want to buy BTC for their purchasing power, doesnt it make sense to wait until it levels out?
legendary
Activity: 3108
Merit: 1531
yes
BTC is doing fine; the exchanges have some growing pains. Wait until Wall Street wants a piece of the action.....  Cool
hero member
Activity: 756
Merit: 501
There is more to Bitcoin than bitcoins.
Ten seconds after reading the OP, I can't even recall the supposed list of reasons to be pessimistic.

Bitcoin works perfectly fine. I quit using gox a while ago.  Most of my savings are in btc. I've been cashing out a little bit at predecided price points. Now I'm buying back at a profit. I can pay for more and more services and goods with btc. I can continue to use it to move money across borders, quickly and easily. There are even some arbitrage opportunities if I bother to watch and wait. Finally, the big pictute - Bitcoin is doing great, with some growing pains:


sr. member
Activity: 420
Merit: 250
like 2011... like 2013... :p
I purchased a handful of bitcoins at 25-40$ on virwox... then sold again at 97... then purchased more around 60... and... hey its an exchange!
legendary
Activity: 2212
Merit: 1008
coins going for ~$97 on virwox.  sorry you guys don't know how to utilize multiple exchanges... you're only hurting yourselves.
legendary
Activity: 1099
Merit: 1000
DDOS don´t excuse the suckers pressing the sell button like panicking bitches.
They all deserve to stay with fiat money.
hero member
Activity: 648
Merit: 500
If you're in it for the short term you're doing it wrong
member
Activity: 70
Merit: 10
I'm so sorry I'm late for our anniversary dinner, honey. I was DDoSed on the way over here.

I will start incorporating the DDoS excuse into everyday situations. If it's good for Gox....it's good for me.
member
Activity: 70
Merit: 10
Is this the success lag? The panic sell lag? The DDoS lag? Or, the market manipulator lag?

The DDoS lag? Same lag, different excuse.
hero member
Activity: 648
Merit: 500
Good news: I don't have any BTC at the moment.

Neither do I... But I have sell orders all the way down i'm unsure about.

Sell orders of usd?
member
Activity: 110
Merit: 10
short term bulls most likely have sufficient USD holdings right now and are looking to profit from the volatile upswings while waiting for the bottom to find itself?
newbie
Activity: 28
Merit: 0
virwox.com and other exchanges are still running smooth.  why not learn to use those?

Not all. Bitfloor is down and BTC-e is intermittent.
full member
Activity: 364
Merit: 100
Justice as a Service Infrastructure
Seems like there aren't ANY bulls right now on the speculation subforums, even Smoothie is MIA. That's probably a good indicator as any that shit is about to get alot worse before it gets any better.
legendary
Activity: 2212
Merit: 1008
virwox.com and other exchanges are still running smooth.  why not learn to use those?
full member
Activity: 224
Merit: 100
People are trying to ruin the market..

And it'll work. I'm selling ASAP if I bought any by accident once gox comes back online.

Then I'll buy back when we hit the single digits
full member
Activity: 182
Merit: 106
It's always an attack. That's a very convenient excuse.
hero member
Activity: 546
Merit: 500
mtgox says its a DoS. not their fault.

There is little anyone can to do about that.
sr. member
Activity: 476
Merit: 250
At the end of this, Bitcoin will be worth more than it was in the summer of 2011. Now that was a crash.
sr. member
Activity: 644
Merit: 250
https://primedao.eth.link/#/
Good news: I don't have any BTC at the moment.

Neither do I... But I have sell orders all the way down i'm unsure about.
member
Activity: 112
Merit: 100
Good news: I don't have any BTC at the moment.
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