Liquidated my short position at $110. This is big and I'm a bull now.
This got me thinking, (a trend reputing itself) in 2011 /12 I stopped watching the price and just focused on the economic principles (and the news) at play in Bitcoin. Every now and then I would have an overwhelming urge to invest, and I would check out the market and make my call, it worked well (well not great, just well, ultimately I called bubble around $13, otherwise life would have changed.)
So my thought, I haven't found myself price watching now for a few weeks, and just reading the news, and I have occasionally thought now this story is bullish but like PayPal CEO John Donaho, mentioning Bitcoin, and have just looked to see if it has an impact on the price, and yes, it sure does, up 30-40%, or Bitcoin foundation members suing each other, and secure enough its down, or China publishing news on Bitcoin and sure enough it is up.
This news (Coinbase) to me is the biggest, it implies more infrastructure, so yes short term bull trap in a bear market, but this is looking strong for long-term growth.
