Bitcoin Forum

Are you an optimist or a pessimist now that auction has mostly completed, and why?  Obviously we don't know the price yet, but I tend to be optimistic.  I didn't see how people thought the btc were going to go under market price, which I why I went long with max leverage @ 581 and bought all the way up to 620  8)

I find it interesting that people have been calling for a july bubble for months now, and this auction seems to line up perfectly with that theory.  We had months of pent up good news, and I think we just needed a major catalyst to get this train going again.  There's definitely going to be another bear trap or 2 before the official start of the bubble, but I really see this auction as bullish news.

Short with caution.

I believe this auction is definitely good news for the price of bitcoin, especially since it seems that it was one bidder who bought up all those coins. It does appear that we may be at the start of a sustained rise that could see the price hitting the $1k mark before the end of the summer.

Especially since it seems they'll be used to build Bitcoin infrastructure.

The general publicity and US government legitimization are also positives.

Agree, agree, agree!  This result is good news.  Plus quite a few bidders who thought they may get coins at a discount didn't get coins at all.  If they want them they'll now have to make open market purchases.

One winning bidder who doesn't understand bitcoin's problems and bought the 30k mainly for his son.
All others probably did their research before placing the bids, and had bid well below market price.
Conclusion: no dumping of the SR coins, neutral to market in the short term.

Definitely optimist. Scandal, whispering and gossip about Bitcoin world increases its popularity and don't believe me or judge me as crazy, lot's of good news happened after the auction, are those just casuality ?

Optimist

More bullish right now than ever.

no good nor bad publicity, grasshopper, there's only publicity.

 ;D

If some people/corporations are willing to buy BTC30000 that should be a good bullish statement.
Most sheeple follow the herdleader, so I would tend to think the following thought will trigger buying "If 5 people/companies just bought BTC30000 then it must be a good investment... let's buy!".

As I am invested in bitcoin aswell I will remain an optimist until it hits $1 or $1M  8)

Optimist.

Lots of wall street type will pay higher price.

sideway-ist. I think will take a while until the positive effects of the auction and others positive news make the btc price increase above 700

highly doubt it. i believe the whole thing about above market price was a lie.
if they realy paid that much , they would proove it instantly, and push the price up.
theyre covering up the facts, and that will lead to price drop  < 600$ til end of the month
sure hope im wrong, but doubt it.

Does not compute. Simply illogical.

Makes no sense in my eyes either. I don't get that they would "proove it instantly". (Assuming "prove")

Definitely optimistic.
It was one of this events causing negative FUD and that had to be surpassed, now that it's over the general feeling is positive and we might start bubbling at anytime :)

I have been optimistic for a while - before the auction was a bit worried about what the next few weeks might bring following, but given the outcome and apparent motivations of the guy that won it, I'm feeling more optimistic afterwards.

Optimist, there is no more bad news other then mtgox and banning.

I like to think I was realistic before and I am realistic after the auction.

Definitely optimistic
The friction free placement to draper bodes extremely well for short and medium term price action

Optimistic. Hardly could have worked out better (maybe disclosing the price).

Me too. ;D I think the relevance of the auction is overrated. It was a bigger chunk of coins, yes - but compared to the regular daily mining rate it's not that much. It sold above market price which I expected. That's slightly bullish... but Newegg adopting bitcoin is far more significant and the real bullish news.

ya.ya.yo!

I am for sure an optimist. Adoption is at an all time high, and every day we are hearing about a new technology or business that is on its way as a result of bitcoin. Even if we dont see massive price increases in the short term, it is difficult not to be optimistic about the future.

Hmmm, I don't think 'Who" he bought them for is the point here. The fact that he is a serial Digital Investor, along with his son, incidentally, and has an excellent investment CV in the digital arena should suggest he made an 'Informed' investment decision.

The real point is WHAT he is going to do with them. Deliver a financial infrastructure to developing countries. If you just take a few minutes to follow any commodity from the humble farmer to market then the level of exploitation is enormous. If this can open these markets up whilst reducing exploitation and corruption it's a massive winner.

Most on here seem to compare the bitcoin with USD. Start looking at it as an alternative to the whole basket of currencies and then say it doesn't matter. This purchase could be pivotal regarding positive PR and thus rate of adoption.

Definetly pessimist.
Reasons are mainly so due to "closed" auction, where price is not publicly shown.
I know many of you will say otherwise, but there is no hard evidence for price above market price.
If the price was so high as many say, then why not show reciept (or any other hard evidence).

Sorry but what has the price got to do with anything. He had to offer more than the other bidders to secure them on the basis that I am sure the US marshals are bound to get as much as possible

Treat this as an emerging commodity instead of a currency. Simple principle of economics Supply and Demand. The success of bitcoin will be down to mass adoption so this is about positive PR for a commodity instead of trying to value a currency

Optmistic, because US sold bitcoin as an confiscated good. Price doesn't matter much. But I don't think we'll have a rally because of that.

if you're going long on bitcoin, then a temporary bump by disclosing the price you paid isn't all that important to you. showing your price is only going to end up manipulating the market really.

Price action looks very quiet after the auction.

Either building a strong base here or calm before the storm.

Currently neutral till next wave of news.

But either are bullish. Many people said that we're in the 'calm before the storm' phase already but we should check barometric pressure and look for thunders first.

I am very bullish on bitcoin as both a currency/property especially in light of the auction. US gov't says BTC is property and auctions it as such. Smart money bids and buys property. It solidifies BTC as something of value.

I am very bearish on third party service providers in the BTC space. There are horror stories happening daily, major collapses in the past, and more to come in the future. This will pose a serious barrier to overall adoption in the consumer realm. If I just heard about bitcoin today, I would be very leery of what method I would go about getting myself some. The pragmatist in me would lose interest rather quickly.

Fortunately I'm already heavily vested in BTC and have the means to facilitate solutions rather than propagate problems. Overall, I am very optimistic about the future of bitcoin. We just need some innovation to facilitate adoption that isn't backed by greed or violence. Chins up buttercups.

I'm not quite sure how you could even be a pessimist about bitcoin given how much is developing on a daily basis.   I mean bitcoin is advancing faster than new technology on cell phones.   Look how far we have come on those in the past few years...