Still bullish

[SgtSpike]

Just looking at some of the headlines in today's news makes me bullish.  Not that many news outlets are calling Bitcoin dead or a failure this time around compared to 2011.

I would say that more than half the news articles have a positive or neutral stance on Bitcoin:

"Bitcoin fans put brave face on price fall"
"Bitcoin Explained: Online Currency Has Real-World Investors"
"'Bitcoin is not a repository of value, yet'"
"Bitcoin exchange halted after panic 'froze the trade engine!'"
"Bitcoin gaining wider acceptance"
"Bitcoin Has Traditionally Been Volatile: Kenna"
"Yes, Bitcoin is volatile. But it's still got defenders."
"Gold, Twinned With Bitcoin?"
"'Zerocoin' Add-on For Bitcoin Could Make It Truly Anonymous And Untraceable"
"Would Mark Zuckerberg buy Bitcoins? The Winklevii did"
"Bitcoin volatility caused by surge in demand, slow software"
"Bringing Derivatives To Bitcoin Should Help Stabilise The Price"
"Bitcoin anarchy in need of some rules"
"DDoS cripples Bitcoin exchange Mt. Gox after trading resumes"
"The Libertarian Party Is Now Accepting Bitcoin Donations"
"I Tried Hacking Bitcoin And I Failed"
"Bitcoin volatility due to growing pains: backer"
"Largest Bitcoin exchange under fresh DoS attack"

Of course, there's the usual reporters repeating phrases like "Bitcoin has no intrinsic value and will never compete with fiat".  But those are to be expected regardless of what Bitcoin is doing and where the price is, and they're in the far minority of the news reports of late.

What does this tell us?  Well, it seems that despite the recent crash, the media generally recognizes that Bitcoin is far from dead, that it just has some growing pains to go through, and that it's still a potentially revolutionary piece of technology.

Times will be interesting indeed... 

[1715363547]

1715363547

[1715363547]

1715363547

[1715363547]

1715363547

[1715363547]

1715363547

[1715363547]

1715363547

[NamelessOne]

That is pretty awesome. I've been expecting massive FUD like 2011, media feeding like sharks on how dead it is. This is refreshing. They acknowledge the hurdles but have learned it isn't so simple with bitcoin after the last time they all declared it dead, haha. Another thing too, with all the new people involved there are many more 'true believers' than there has ever been. Yes, more get rich quick speculators and complete newbs came too, but when some (or many) of them run away, there will still be boatloads of new people that understand Bitcoins potential and want to be involved.

[SgtSpike]

That is pretty awesome. I've been expecting massive FUD like 2011, media feeding like sharks on how dead it is. This is refreshing. They acknowledge the hurdles but have learned it isn't so simple with bitcoin after the last time they all declared it dead, haha. Another thing too, with all the new people involved there are many more 'true believers' than there has ever been. Yes, more get rich quick speculators and complete newbs came too, but when some (or many) of them run away, there will still be boatloads of new people that understand Bitcoins potential and want to be involved.

I agree!

The only reason I'm not buying more Bitcoin right now is just that I feel I would be investing more than I could afford to lose.

EDIT:  Also, 7000th post? 

[NamelessOne]

That is a very wise decision.  

[V4Vendettas]

Hell why not. Back in also.

[Beta-coiner1]

The amount of people on the site 2 days ago definitely set a new record at over 7000....heck it even showed up on Google trends.

[kiko]

It's almost like the media have been burned before, calling bitcoin dead. I'm looking at you Wired magazine.

[NamelessOne]

It's almost like the media have been burned before, calling bitcoin dead. I'm looking at you Wired magazine.

Yeah they need a new article, "The Rise and Rise of Bitcoin (and how we incorrectly called it a fall)"

[Krabby]

I wish I could get my 30k in the system quicker.

[gw4tt]

I don't really trust it.. I don't really get why it went up so high in the first place. Though I haven't had much to do with bitcoin since 2011. I didn't lose anything in that crash either.

I thought $20 was fine and pretty high considering. Unless I see it resume steady slow growth I'm not really going to invest. Keyword being invest. I will still purchase things here and there with bitcoin but I'm still holding dollars for now until stabilization occurs.

However, I think it is still bullish and has been for years. If it stops jerking all over the place I'll throw some money back in for long term holdings.