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

[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

[Rosewater Foundation]

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

Feels rather like looking into a funhouse mirror.

[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

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.

Yeah, well, look at those insanely rich Saudi sheiks.... They got used to it surprisingly well. No more nomadic living through deserts trading camels for young women like their grandparents did.

[JayJuanGee]

mornin' Jimbo

Mornin' Jojo.

I just got a call from a friend who has played the stock market and PMs for decades. After watching my involvement with Bitcoin for a few years, he finally broke down and bought his first coins this summer. I think it was my earning my first million that woke him up. I helped him buy and set up a Trezor and taught him how to buy the dips and get the best prices at his local ATMs.

Needless to say, he's tickled pink at the return on his investment so far, even though it's still very tiny, less than a whole coin I believe.

Seems that now all his "financial advisors" are screaming for him to buy Bitcoin, citing Wall Street adoption. Now he's talking about calling his brokers and selling off a good portion of his stocks to buy more coins.

2 years ago his advisors were suggesting he buy Bitcoin and I suggested he listen to them, but instead he kept buying stocks and PMs. Every time he came over he'd be touting his most recent stock-du-jour while watching Bitcoin prices relentlessly rising and doing nothing.

Now he wants to dive in gung-ho. Go figure.  

Better late than never... hahahahaha...

And, it seems quite likely that there are going to be a lot of folks have their come to Jesus moment at an even higher price point.

[Spaceman_Spiff_Original]

Holy shit guys, massive volume on the futures, a full 70 BTC traded so far....

I am sure it will pick up though.

[Rosewater Foundation]

Holy shit guys, massive volume on the futures, a full 70 BTC traded so far....

I am sure it will pick up though.

Weee?