Are you bullish or bearish right now?

[ensurance982]

bullish mostly. in times of trouble its more safe

Wouldn't it be far more safe to hold your wealth in an asset that's not fluctuating highly or actually experiencing a sheer decline from time to time? Or what are the 'times of trouble' you're talking about!?

[Dalmar]

Short term: neutral.

Long term: bearish, until 200 SMA is above 300 SMA.

[Q7]

Pretty bearish for now. If you look at the order book, there are still large sell orders placed to dump the coins at every price level. Not much can be said in the opposite direction as buyers generally prefer the "wait and see" approach. So in order to break the sell wall resistance and have the price go up, there must be really large order coming in or else with the current scenario, it will most likely drop further.  

[atlosas]

Looks like bitcoin is coiling up for some move. Dunno which way though.

[damiano]

Pretty bearish for now. If you look at the order book, there are still large sell orders placed to dump the coins at every price level. Not much can be said in the opposite direction as buyers generally prefer the "wait and see" approach. So in order to break the sell wall resistance and have the price go up, there must be really large order coming in or else with the current scenario, it will most likely drop further.  

Bulls are on the defensive right now.  Whatever funds are available i'm sure they are saving to buy more to help average out and avoid a margin call. 

[Razick]

I've been bearish for a long time, but we seem to have found the bottom. Unless we see a crash in the next month or so, I think we can be fairly confident in the bear market ending.

[afbitcoins]

Bullish!

[LFC_Bitcoin]

Bullish

[Robert Paulson]

sorry, couldn't resist.

[darkangel11]

I voted bullish too and the bulls are winning

[fsb4000]

Bullish

[Anduck]

The market cap is silly compared to the VC money, users and companies/people adoption. The 21M will start kicking at some point. We've had like 15+ months bear market which I think may change soon. Of course the inflation is quite big factor currently.

[Dilla]

Bullish. I think a lot of money is waiting for the "for sure" time to get in. Either big news, or a continuous bull market.
I also think the price has artificially been pushed down to these levels so big players can accumulate more or buy in when ready. I think the scale at which things are going to expand are underestimated. There is not one person in the finance and investment world that doesn't have their eye on Bitcoin, once that rocket starts, EVERYONE will want that ride to not miss out on this time. It will be one hell of a ride.

[ThatDGuy]

Bullish. I think a lot of money is waiting for the "for sure" time to get in. Either big news, or a continuous bull market.
I also think the price has artificially been pushed down to these levels so big players can accumulate more or buy in when ready. I think the scale at which things are going to expand are underestimated. There is not one person in the finance and investment world that doesn't have their eye on Bitcoin, once that rocket starts, EVERYONE will want that ride to not miss out on this time. It will be one hell of a ride.

Thinking this too - when there's not much money left to be made in shorting, then pumping becomes the way to go.

[bclcjunkie]

well kraken has initiated liquidating 200,000 mtgox bitcoins so you guess what happens when the coins hit exchanges...


https://www.mtgox.com/img/pdf/20150422_report.pdf

(2) Status of Management of BTC
While I had secured 202,149.2273849BTC by the time of the 2nd creditors’
meeting, thereafter I continued to investigate the addresses held by MtGox and
moved the remaining bitcoins accordingly to the address of which I manage the
private key. As a result, the amount of BTC managed by the bankruptcy estate
as of April 13, 2015 is 202,159.34061488BTC. Currently, I am still
investigating the existence of BTC remaining in the bankrupt entity’s data, and it
is planned that as soon as such BTC are found I will move them to the address
which I manage, and I will keep such BTC.

I made the System open to the public on April 22, 2015 at https://claims.mtgox.com.
Any bankruptcy creditor who was a user of the BTC exchange previously operated
by the bankrupt entity (a “User Creditor”) can generally file its bankruptcy claim
online by using the System if such User Creditor:
(i) knows (a) its user name, or (b) its e-mail address and its password registered in
the BTC exchange previously operated by the bankrupt entity;
(ii) can use its e-mail address registered in the BTC exchange previously operated
3
by the bankrupt entity; and
(iii) consents to certain matters shown in the System.
2. Filing of Proof of Bankruptcy Claims through System Operated by Kraken
In the course of developing the System, I obtained assistance from Payward. Inc,
(“Payward”), the supporting company. By linking the System into a system of the
Kraken exchange operated by Payward, any User Creditor who is a user of the
Kraken exchange can file its bankruptcy claim through the system of the Kraken
exchange.
As stated in 6. below, I am currently considering whether I should make
distributions by way of distributing BTC. If I make distributions by way of
distributing BTC, I would need the cooperation of Payward and I would make such
distributions only to the users of the Kraken exchange.

[ensurance982]

I've been bearish for a long time, but we seem to have found the bottom. Unless we see a crash in the next month or so, I think we can be fairly confident in the bear market ending.

Well it's still far too early to really call this a trend-reversal. It could just as well be just another bounce before a big drop (we've seen this before). But it's good to see the price trying. I've still got quite some hopes up that we break out of this downtrend for good now, as well!

[thejaytiesto]

I've been bearish for a long time, but we seem to have found the bottom. Unless we see a crash in the next month or so, I think we can be fairly confident in the bear market ending.

Well it's still far too early to really call this a trend-reversal. It could just as well be just another bounce before a big drop (we've seen this before). But it's good to see the price trying. I've still got quite some hopes up that we break out of this downtrend for good now, as well!

According to a lot of people in tradeview they are seeing still a downtrend or at least a period of time of being stuck on this low 200's price. We'll see if we can break to 300 territory through this summer. BTC is so undervalued right now, feels good.

[rjclarke2000]

Bullish. I think a lot of money is waiting for the "for sure" time to get in. Either big news, or a continuous bull market.
I also think the price has artificially been pushed down to these levels so big players can accumulate more or buy in when ready. I think the scale at which things are going to expand are underestimated. There is not one person in the finance and investment world that doesn't have their eye on Bitcoin, once that rocket starts, EVERYONE will want that ride to not miss out on this time. It will be one hell of a ride.

I enjoyed reading this very much^^^

 The longer it takes the more we accumulate.

[Warrior B]

Bullish. I think a lot of money is waiting for the "for sure" time to get in. Either big news, or a continuous bull market.
I also think the price has artificially been pushed down to these levels so big players can accumulate more or buy in when ready. I think the scale at which things are going to expand are underestimated. There is not one person in the finance and investment world that doesn't have their eye on Bitcoin, once that rocket starts, EVERYONE will want that ride to not miss out on this time. It will be one hell of a ride.

I agree, not sure when that ride will start, might take a while.

Anyway, I'm a long term bull

[Mieehayii]

Bearish,  No Questions