How can you be optimistic short term at this point?

simplydt

full member

Activity: 126

Merit: 100

Quote from: sounds on April 11, 2013, 10:57:04 PM

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?

Wekkel

legendary

Activity: 3122

Merit: 1538

yes

BTC is doing fine; the exchanges have some growing pains. Wait until Wall Street wants a piece of the action..... Cool

niko

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:

Nesetalis

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!

bitcon

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.

gusti

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.

steamboat

hero member

Activity: 648

Merit: 500

If you're in it for the short term you're doing it wrong

Manticore

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.

Manticore

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.

steamboat

hero member

Activity: 648

Merit: 500

Quote from: Krabby on April 11, 2013, 11:04:49 PM

Quote from: Peleus on April 11, 2013, 11:03:06 PM

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?

warpio

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?

NikolaTesla

newbie

Activity: 28

Merit: 0

Quote from: bitcon on April 11, 2013, 11:17:50 PM

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.

bootlace

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.

bitcon

legendary

Activity: 2212

Merit: 1008

virwox.com and other exchanges are still running smooth. why not learn to use those?

massivebitman

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

Crazy

full member

Activity: 182

Merit: 106

It's always an attack. That's a very convenient excuse.

mgio

hero member

Activity: 546

Merit: 500

mtgox says its a DoS. not their fault.

There is little anyone can to do about that.

Severian

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.

Krabby

sr. member

Activity: 644

Merit: 250

https://primedao.eth.link/#/

Quote from: Peleus on April 11, 2013, 11:03:06 PM

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.

Peleus

member

Activity: 112

Merit: 100

Good news: I don't have any BTC at the moment.

Krabby

sr. member

Activity: 644

Merit: 250

https://primedao.eth.link/#/

The ability to buy and sell within the shallow basin?

sounds

full member

Activity: 140

Merit: 100

1221iZanNi5igK7oAA7AWmYjpsyjsRbLLZ

I suggest obtaining BTC for their purchasing power, not their exchange rate into USD.

bootlace

full member

Activity: 364

Merit: 100

Justice as a Service Infrastructure

-Had a chance to break out of the price before freezeout, clearly no euphoria this time to send price higher
-Clear bull trap was playing out, and we were heading lower
-Mtgox has failed over and over again and probably making the average Joe say "This shit aint worth it" right about now
-Mad instability, which bigger investors will want to stay clear of even if it means having to pay higher prices later
-Mainstream media probably going to town with the 'bubble bursting' + 'hacks' experienced by Gox
-Weekend coming up and hence no new money coming in

There's not ONE good short term news that I can see right now, any bulls care to fill me in?

Disclaimer: Have 0 position in BTC at the moment.

Topic: How can you be optimistic short term at this point? (Read 1835 times)