Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[Raja_MBZ]

They seem to have some serious plans of dumping the bitcoins before 2018. Man, look at the timings, Bithumb is down for maintenance, they're having no trouble in playing with the current values of bitcoins. If this keeps on, I think another pump could take bitcoin to $20k and a dump could take it down to even less than $10k. I honestly don't like the idea of this at all.

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[Ibian]

Anyone ever get the feeling that this is a little too easy? I mean, buy and hold is so simple and makes so much money. Doesn't seem right somehow that we can get rich by just waiting for the world to catch up to us. Not complaining, but it's weird.

[TruBitMil]

They seem to have some serious plans of dumping the bitcoins before 2018. Man, look at the timings, Bithumb is down for maintenance, they're having no trouble in playing with the current values of bitcoins. If this keeps on, I think another pump could take bitcoin to $20k and a dump could take it down to even less than $10k. I honestly don't like the idea of this at all.

Not sure how that would be different from anything that came before?

[bitserve]

I have no idea what's going on here. A Bitcoin is worth less than a future of Bitcoin. This is a strange game.

You find strange that someone thinks Bitcoin will be worth more in the future than it currently is? Really?

But I got a bird in the hand. They ain't even holdin'.

The futures market is for people that don't want to hold the asset. Holding assets imply risks and added overhead. They just want to bet on the price and get profit if they are right.

Ie: I don't want nor have the means to hold soya grains.... But I can bet on its future price.

[Rosewater Foundation]

I have no idea what's going on here. A Bitcoin is worth less than a future of Bitcoin. This is a strange game.

You find strange that someone thinks Bitcoin will be worth more in the future than it currently is? Really?

But I got a bird in the hand. They ain't even holdin'.

The futures market is for people that don't want to hold the asset. Holding assets imply risks and added overhead. They just want to bet on the price and get profit if they are right.

Ie: I don't want nor have the means to hold soya grains.... But I can bet on its future price.

I got you. Now all they have to do is move the real market where they want it and profit.

[bitserve]

Anyone ever get the feeling that this is a little too easy? I mean, buy and hold is so simple and makes so much money. Doesn't seem right somehow that we can get rich by just waiting for the world to catch up to us. Not complaining, but it's weird.

It's normal that you have that "weird" feeling, because we are in an abnormal situation (being early holders of a successful asset). Don't you think early owners of oil rich land felt weird themselves during the oil boom? I am sure they did.

[HairyMaclairy]

Someone ddos attack www.cboe.com or what? Website is down indefinitely.

welcome to Bitcoin motherfuckers   

Welcome to the family.

[pfrtlpfmpf]

Did it just go up 1500 in about 90 seconds?

You haven´t seen nothing yet !

I mean, theres no reason why we can´t go to 100000. Tell me one, only one !

[TruBitMil]

Anyone check if the US economy has crashed yet?  

[hazukison]

Did it just go up 1500 in about 90 seconds?

You haven´t seen nothing yet !

So I just got home from being out all day and it turns out I have no Internet. Awesome but I checked cmc an hour ago and we're up maybe $100 am I missing something here? People mentioned it being up 1500 in no time at all? Tis all annoying and harder to check when using my phones shit 2 bar of 4g.

[Ibian]

Anyone check if the US economy has crashed yet?  

http://www.usdebtclock.org/

Magic 8-ball says "yep".

[Ibian]

Anyone ever get the feeling that this is a little too easy? I mean, buy and hold is so simple and makes so much money. Doesn't seem right somehow that we can get rich by just waiting for the world to catch up to us. Not complaining, but it's weird.

It's normal that you have that "weird" feeling, because we are in an abnormal situation (being early holders of a successful asset). Don't you think early owners of oil rich land felt weird themselves during the oil boom? I am sure they did.

Yeah but many of those people just lucked out. In this case it's a matter of... literally seeing the future. And it's not even a difficult thing. Supply and demand, simple.

I think my main problem here is... if it is so simple, why can so few of us see it?

[TruBitMil]

Anyone check if the US economy has crashed yet?  

http://www.usdebtclock.org/

Magic 8-ball says "yep".

touche

[strawbs]

Anyone ever get the feeling that this is a little too easy? I mean, buy and hold is so simple and makes so much money. Doesn't seem right somehow that we can get rich by just waiting for the world to catch up to us. Not complaining, but it's weird.

Kind of, except it really wasn't that easy having to hold all the way through the great bear run of 2015/6. I see this as our reward for having to go through that.

[bitserve]

Anyone ever get the feeling that this is a little too easy? I mean, buy and hold is so simple and makes so much money. Doesn't seem right somehow that we can get rich by just waiting for the world to catch up to us. Not complaining, but it's weird.

It's normal that you have that "weird" feeling, because we are in an abnormal situation (being early holders of a successful asset). Don't you think early owners of oil rich land felt weird themselves during the oil boom? I am sure they did.

Yeah but many of those people just lucked out. In this case it's a matter of... literally seeing the future. And it's not even a difficult thing. Supply and demand, simple.

I think my main problem here is... if it is so simple, why can so few of us see it?

Not really. It was somewhat similar to Bitcoin... An example:

- There were land owners (many regular farmers) that happened to own oil rich land -incidently BAD land for farming in many cases-
- When the oil started to boom they were offered to buy the land from them. Many sold for "pennies".
- Price of oil rich land kept rising, many sold on the way.
- There were people which were not initially owners of oil rich land, but started to buy that land from its previous owners.
- In the end, it was the hodlers (or the holding buyers) which profited the most.

Now apply that same reasoning to that example: "In this case it's a matter of... literally seeing the future. And it's not even a difficult thing. Supply and demand, simple." Yeah.... but many "lucky" owners of oil rich land sold too soon. Also only some people went to go buy that land while the price kept increasing (for fear of a crash... it's a bubble! it's a bubble! you know).

In the end, everything is part luck part vision. You either needs LOTS of luck, LOTS of vision... or a mix of both.

And.. yes.. I do also have that same feelings sometimes

[ivomm]

Looking at the charts now:

[Ibian]

Anyone ever get the feeling that this is a little too easy? I mean, buy and hold is so simple and makes so much money. Doesn't seem right somehow that we can get rich by just waiting for the world to catch up to us. Not complaining, but it's weird.

It's normal that you have that "weird" feeling, because we are in an abnormal situation (being early holders of a successful asset). Don't you think early owners of oil rich land felt weird themselves during the oil boom? I am sure they did.

Yeah but many of those people just lucked out. In this case it's a matter of... literally seeing the future. And it's not even a difficult thing. Supply and demand, simple.

I think my main problem here is... if it is so simple, why can so few of us see it?

Not really. It was somewhat similar to Bitcoin... An example:

- There were land owners (many regular farmers) that happened to own oil rich land -incidently BAD land for farming in many cases-
- When the oil started to boom they were offered to buy the land from them. Many sold for "pennies".
- Price of oil rich land kept rising, many sold on the way.
- There were people which were not initially owners of oil rich land, but started to buy that land from its previous owners.
- In the end, it was the hodlers (or the holding buyers) which profited the most.

Now apply that same reasoning to that example: "In this case it's a matter of... literally seeing the future. And it's not even a difficult thing. Supply and demand, simple." Yeah.... but many "lucky" owners of oil rich land sold too soon. Also only some people went to go buy that land while the price kept increasing (for fear of a crash... it's a bubble! it's a bubble! you know).

In the end, everything is part luck part vision. You either needs LOTS of luck, LOTS of vision... or a mix of both.

And.. yes.. I do also have that same feelings sometimes

That sounds... reasonable, actually. I mean I know it is, and as the guy above said the preceding years were rough, but in this moment I still feel almost like some kind of cheat. Guess it just takes getting used to.

[LewisPirenne]

Someone ddos attack www.cboe.com or what? Website is down indefinitely.

Unless people got their own Bloomberg or Thomson/Reuters Terminal, just watch this dude live stream the CBOE feed.

https://www.youtube.com/watch?v=9zj0ttLruAc

[rolling]

Someone ddos attack www.cboe.com or what? Website is down indefinitely.

Unless people got their own Bloomberg or Thomsom/Reuters Terminal, just watch this dude live stream the CBOE feed.

https://www.youtube.com/watch?v=9zj0ttLruAc

Here is a free delayed feed:

https://www.cnbc.com/quotes/?symbol=@XBT.1

[ragnar0k]

Seems to me this CBOE is quite yawn so far XD
Maybe needs to warm up the engines