Quote from: BittBurger on April 12, 2014, 02:24:21 AM

Quote from: ParabellumLite on April 11, 2014, 10:40:33 AM

What I find so curious is that many HODLers here seem to have a very religious devotion to Bitcoin, despite the serious situation Bitcoin is in.

Oh no. Its not a religious devotion. Its fact-based rational confidence. Knowing all the latest news. Speeches at the most recent conferences. Hours spent listening to the latest Podcasts from Lets Talk Bitcoin. Hearing what is going on in adoption around the world. Interviews with the people in Africa lobbying the Govt for Bitcoin assimilation. Argentina. Canada. Europe. Singapore. Knowing about Bitcoin 2.0 projects. Images on Twitter of 400 new ATMs about to go live in Dubai. Following Ben Lawsky on twitter. Hearing the latest sales numbers from Overstock and TigerDirect. Being the first to know about Square. St Louis Fed Reserve rep comments. The senator who put together the "Bitcoin is Currency" bill he planned to bring before the govt.

Because of the obvious massive adoption and growth going on, I know that "holding" will pay off one day. There is absolutely no reason for anyone to be cashing out yet. None. Doing so reflects a complete lack of awareness of what media outlets like LTB and Coinsider This are trying to convey to all of us.

The day I get the true vibe that the infrastructure is beginning to fail, is the day I cash out. I continue to be bewildered by the sheer volume of people on this website who have absolutely no knowledge of whats going on out there in infrastructure and adoption. If you guys put more effort into knowing whats happening, you would have the rational confidence necessary to be a holder too.

-B-

I think you're getting a little carried away. The 400 ATMs in Dubai is not happening (http://www.coindesk.com/ded-officials-debunk-bitcoin-atm-speculation-dubai/), the lobby groups so far have been tiny or in some cases just a single person. Overstock and TigerDirect are the best of what you mention but $2-3 million is a drop in a bucket. Don't get me wrong it's all in the right direction, but people got ahead of themselves and the price is correcting to reflect the real adoption rate, which is not as fast as people were estimating. Infact, it has slowed considerably.