It's the opposite for me. I care less about the price and charts, and more about the onslaught of positive news that's hit in just the first 2 months of the year!
*random stuff*
If that doesn't give you an e-Boner, then I don't know what to tell you.
Fuck the price. Let the day traders worry about that. Buy and HODL is the only strategy you should even think of.
Let me understand why all that stuff should give me a "e-boner".
You posted:
-a pic of a morgan's spurlock small documentary where they only show that using bitcoin is more a pain in the ass than anything. Did you watch the episode? At one point morgan is forced to buy *10* cups of coffee instead of just one because the owner of the shop doesn't want to get screwed with bitcoin's volatility! LOL!
-A pic of the winklevoss talking about their ETF which is taking forever to come out and we don't even know if it will ever come out (and why the hell should it help the price? the second market trust fund did nothing to the price, it's just another clusterfuck).
-VC funding on coinbase which is not a guarantee of anything and definitely not of bitcoin's price because the exchange can be profitable even if BTC falls to double digits and stays there, and if demand doesn't pick up, THAT's exactly what's gonna happen, VC money or not.
-The Bank of England article that clearly states that "While existing private digital currencies have
economic flaws which make them volatile, the distributed ledger technology that their payment systems rely on may have considerable promise.” <-- They're not talking about BTC itself or any other existing shitcoin.
-Merchants/sites/companies accepting bitcoin out of self promotion (it doesn't cost them anything to do so) while NOT accepting bitcoin (but USD through a bitcoin dump).
How is all that supposed to give you a "e-boner"?
Bitcoin had news and headlines like these all year (2014). They're smokescreen, nobody cares (as we have seen with the taking price)
Less kool-aid, more critical thinking
Except your response isnt exactly critical thinking, is it? Problem solving, rational thinking, analytic thinking; mostly your assumptions and perspective.
CNN doco - your assumptions 'small' 'pain in the ass'. Other viewers may have thought it was fantastic, or one big fraud. Or it may be their intro to digital currency.
Coinbase funding - your perspective. I think it is an overall positive and a strategic investment by some big players. It only bumped the price very short term, the investment was the real news. Traders gonna trade it, businesses gonna promote it.
Wink ETF - sure, you're being rational. Good. No one knows. But don't extrapolate 2nd Market to it. No one knows.
BoE- Please provide an alternative option for what the paper is speaking about. How many other private digital currencies are largely known for their distributed ledger technology? This point is ridiculous.
Merchants - agree many accept purely for the self promotion. And 99% do it for USD. Obviously to be expected. Not every business accepted CC's right away. A lot of business didnt have a web presence either. Some still only transact in cash. But it has to start somewhere; it's voluntary, not fully formed & dictated.
And great observation that there has been an inverse relationship between good news and the price. We're in a bear market, crippled by thefts, media narratives, uncertain regulation and a booming global stock market. Take your pick on how much influence, if any, these factors have.
You're also equate caring with price drops. That's stupid. People give a fck, its money. Shorters, longs, techie types, anarcho, drug buyers all give a hoot as they all have a position.
Less assumptions, more balance.
edit: grammar
