BTC Near Term Outlook

[BTC Economist]

USD/BTC exchange rate poised to escalate rapidly in the coming days.  Excellent buying opportunity at the moment.  Huge demand post Gox re-open bodes well for investors.  Mining expected to become more difficult through upswing.  Be prudent with capital expenditures.

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[Shinobi]

All you are missing are the substituted characters like '$' for 's' and you'd have half the spam in my Junkmail folder.

[Atom]

These markets aren't hard to read Shinobi, go look at some of the charts at the various exchanges and you'll see exactly what BTC E is talking about.  Remember to look at both USD and Liberty Reserve on tradehill, since they do them separately.

[Serge]

So, you finally bought some?     now it must go UP UP UP =)

[Atom]

No... The fact that on a market like BitCoinMarket BTC:LRUSD the spread was buyers at 12, sellers at 17, and rather than the sellers coming down (which would suggest that they were concerned about the price being too high and were willing to accept less) the buyers came up to 14, then 15, and now 16 while the sellers then retreated back into the $19 area.

But that's just my take

[BTC Economist]

So, you finally bought some?     now it must go UP UP UP =)

I have held a position in BTC even while my near term outlook was negative.  My long term outlook remains unchanged.