Are you an optimist or pessimist after the auction?

[yayayo]

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

Me too. 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!

[keithers]

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.

[Arv1e]

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.

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.

[ajareselde]

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).

[Arv1e]

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

[wobber]

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.

[beetcoin]

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).

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.

[arbitrage001]

Price action looks very quiet after the auction.

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

[tooil]

Currently neutral till next wave of news.

[wobber]

Price action looks very quiet after the auction.

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

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.

[pirsquared]

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.

[keithers]

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...