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Title: 2014-01-21 Bloomberg - Bitcoin No Bargain as 47% of Investors go Bearish Post by: kiko on January 22, 2014, 02:59:49 PM http://www.bloomberg.com/news/2014-01-21/bitcoin-no-bargain-as-47-of-investors-go-bearish-in-poll.html
Quote Forty-seven percent of respondents say they would sell Bitcoin, while 11 percent say they’d buy it. Another 7 percent say they’d hold the virtual currency, while 35 percent say they haven’t got an opinion about it. "go bearish" How many times have they measured sentiment like this? How many of the bearish have ever used the currency? Read the whitepaper? Gotten out of the cheap seats? I suspect none of the bearish had a fair value in mind above zero. I wish they had been asked "At what price would you be a buyer?" Title: Re: 2014-01-21 Bloomberg - Bitcoin No Bargain as 47% of Investors go Bearish Post by: vokain on January 22, 2014, 03:15:17 PM http://www.bloomberg.com/news/2014-01-21/bitcoin-no-bargain-as-47-of-investors-go-bearish-in-poll.html Quote Forty-seven percent of respondents say they would sell Bitcoin, while 11 percent say they’d buy it. Another 7 percent say they’d hold the virtual currency, while 35 percent say they haven’t got an opinion about it. "go bearish" How many times have they measured sentiment like this? How many of the bearish have ever used the currency? Read the whitepaper? Gotten out of the cheap seats? I suspect none of the bearish had a fair value in mind above zero. I wish they had been asked "At what price would you be a buyer?" Are they sure they asked investors? they didn't ask me :p Title: Re: 2014-01-21 Bloomberg - Bitcoin No Bargain as 47% of Investors go Bearish Post by: cr1776 on January 22, 2014, 03:17:17 PM Talk about a ridiculous statistic. :-) Good for a laugh though.
Title: Re: 2014-01-21 Bloomberg - Bitcoin No Bargain as 47% of Investors go Bearish Post by: oakpacific on January 22, 2014, 03:53:05 PM These Medieval luddites need to be informed of a few basic facts about Bitcoin before they talk craps:
1.Technically nobody bearish on Bitcoin "would sell" it, if anybody wants to sell bitcoins, they can move their coins immediately and in about 30 minutes they will be done selling, no time wasted on going through middle-men and their 9-to-5 workdays so the future tense here is either ridiculous or we are actually talking about bulls who at least expect the price to be higher before they sell. 2. We don't know whether anyone with enough coins to cause a crash will sell today or tomorrow, but if by"investors" they meant everyone who owns bitcoins, then we have a pretty good idea whether the majority of coins move or not, so what the poll gives is probably either irrelevant or misleading result. Title: Re: 2014-01-21 Bloomberg - Bitcoin No Bargain as 47% of Investors go Bearish Post by: pand70 on January 22, 2014, 04:00:11 PM Read the whitepaper? Yeah if they read the whitepaper they 'll turn bullish... NOT Title: Re: 2014-01-21 Bloomberg - Bitcoin No Bargain as 47% of Investors go Bearish Post by: aigeezer on January 22, 2014, 04:53:24 PM Quote Forty-seven percent of respondents say they would sell Bitcoin (if they had any to sell)Nimble investors indeed. Title: Re: 2014-01-21 Bloomberg - Bitcoin No Bargain as 47% of Investors go Bearish Post by: odolvlobo on January 22, 2014, 05:06:52 PM Quote Forty-seven percent of respondents say they would sell Bitcoin, while 11 percent say they’d buy it. Another 7 percent say they’d hold the virtual currency, while 35 percent say they haven’t got an opinion about it. Only 47%? A year ago, it would have been 97%. 47% is great news. Title: Re: 2014-01-21 Bloomberg - Bitcoin No Bargain as 47% of Investors go Bearish Post by: Peter R on January 22, 2014, 05:14:05 PM Quote Forty-seven percent of respondents say they would sell Bitcoin, while 11 percent say they’d buy it. Another 7 percent say they’d hold the virtual currency, while 35 percent say they haven’t got an opinion about it. But probably less than 1% currently own it, so I take this as quite bullish. Title: Re: 2014-01-21 Bloomberg - Bitcoin No Bargain as 47% of Investors go Bearish Post by: marcus_of_augustus on January 22, 2014, 07:08:22 PM Interesting that Bloomberg is publishing an article like this ... first of its kind in mainstream financial press I think.
Who would have thought 18 months ago Bloomberg would give 2 secs to write about bitcoin market sentiment? Portends of wall st. money in the game ... looking to buy lower no doubt :) Title: Re: 2014-01-21 Bloomberg - Bitcoin No Bargain as 47% of Investors go Bearish Post by: Carlton Banks on January 22, 2014, 07:41:10 PM Who would have thought 18 months ago Bloomberg would give 2 secs to write about bitcoin market sentiment? Portends of wall st. money in the game ... looking to buy lower no doubt :) Furthermore, there's been a range bear-ish signals in the financial press for months and months, arguably starting with the original "tulip-mania" and "intrinsic value" attributions. I think the breakout this year could be quite something: the established players want to buy lower, and the way things are going, they may have already missed any opportunity to do so. Choo choo, etc Hold and buy low, ladies and gents. Title: Re: 2014-01-21 Bloomberg - Bitcoin No Bargain as 47% of Investors go Bearish Post by: BitChick on January 22, 2014, 09:24:32 PM Quote Forty-seven percent of respondents say they would sell Bitcoin, while 11 percent say they’d buy it. Another 7 percent say they’d hold the virtual currency, while 35 percent say they haven’t got an opinion about it. Only 47%? A year ago, it would have been 97%. 47% is great news. That's what I was thinking! People were saying SELL when the price was $1, $10, $100! I am sure they will say the same thing when the price is $10000. If the price does go to $100,000 or more than $10,000 is still a good time to buy. ;) Title: Re: 2014-01-21 Bloomberg - Bitcoin No Bargain as 47% of Investors go Bearish Post by: FeedbackLoop on January 22, 2014, 09:51:51 PM If less than 10% were bearish... THEN it would be "no bargain".
Title: Re: 2014-01-21 Bloomberg - Bitcoin No Bargain as 47% of Investors go Bearish Post by: LiteCoinGuy on January 22, 2014, 10:36:11 PM Quote Forty-seven percent of respondents say they would sell Bitcoin, while 11 percent say they’d buy it. Another 7 percent say they’d hold the virtual currency, while 35 percent say they haven’t got an opinion about it. Only 47%? A year ago, it would have been 97%. 47% is great news. lol yes , so true! :D Title: Re: 2014-01-21 Bloomberg - Bitcoin No Bargain as 47% of Investors go Bearish Post by: Bobsurplus on January 22, 2014, 10:40:46 PM Who would have thought 18 months ago Bloomberg would give 2 secs to write about bitcoin market sentiment? Portends of wall st. money in the game ... looking to buy lower no doubt :) Furthermore, there's been a range bear-ish signals in the financial press for months and months, arguably starting with the original "tulip-mania" and "intrinsic value" attributions. I think the breakout this year could be quite something: the established players want to buy lower, and the way things are going, they may have already missed any opportunity to do so. Choo choo, etc Hold and buy low, ladies and gents. Its HODL!! not hold. Title: Re: 2014-01-21 Bloomberg - Bitcoin No Bargain as 47% of Investors go Bearish Post by: HeliKopterBen on January 22, 2014, 11:09:10 PM These are the folks that will be paying big bucks for mere satoshis in a few years once they eventually realize what is going on.
Title: Re: 2014-01-21 Bloomberg - Bitcoin No Bargain as 47% of Investors go Bearish Post by: Rygon on January 23, 2014, 03:15:59 PM Quote Forty-seven percent of respondents say they would sell Bitcoin (if they had any to sell)Nimble investors indeed. They probably would have gotten the same answer from those 47% if the question was about gold, silver, rare artwork, etc. A more informative survey would have asked folks where they would put their money for at least a year if they had to choose between stocks, CD's, bitcoins, money market funds, etc. |