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

[JayJuanGee]

As evidenced below:  thanks for paying me in the last two days, Bob... that is why we are such buddy, buddies......   

#NoHomo.

[edited out]

Here is the list of people mr popular bob has been paying in the last 2 days

600watt
Agapios
Alexander_Z
ar-Ray
Arriemoller
becoin
Biodom
birr
bitcoinPsycho
bitebits
bitserve
BlackMambaPH
BlindMayorBitcorn
bones261
BTCMILLIONAIRE
cannycassiopeia
cAPSLOCK
Cassius
ChinkyEyes
cofefeGandalf
conspirosphere.tk
Crytptohack
d_eddie
Dakustaking76
Deeyoh
DefendKebab
doc12
elg
Elwar
explorer
fabiorem
FartBuddy
FirstTimeInMining
flynn
fragout
Gab0
gembitz
gentlemand
greensheep
grn
HairyMaclairy
hv_
Ibian
Icygreen
infofront
InvoKing
itod
ivomm
JayJuanGee
jbreher
JimboToronto
jojo69
Karartma1
Kylapoiss
Last of the V8s
LFC_Bitcoin
lightfoot
litec0ins
marcus_of_augustus
mfort312
micgoossens
Micky25
mike4001
mindrust
moneyForjam
mymenace
nathalie20
nazzer
Neo_Coin
Nosk
Paashaas
pacman7331
pawel7777
Phil_S
pleaseexplain
podyx
PoolMinor
rafanadal
Raja_MBZ
RayX12
realr0ach
Remember remember the 5th of November
RivAngE
RobSteward
rolling
romneymoney
RoomBot
Rsiyz
Searing
seven2smoke1
sirazimuth
smartcomet
snakey
somac.
soullyG
Spaceman_Spiff_Original
ssmc2
starmman
STT
suchmoon
svdleer
TERA2
ThisManIsTesting
thrax
Torque
Totscha
Toxic2040
Trilogy-AI
Vin
vroom
Wekkel
wugibugi
xhomerx10
yonton

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[Hueristic]

As evidenced below:  thanks for paying me in the last two days, Bob... that is why we are such buddy, buddies......    

#NoHomo.

[edited out]

Here is the list of people mr popular bob has been paying in the last 2 days

{long ass list of people Bob bought a beer for, from a loose comment he made while drunk, which proves he is a man of his word. [He also offered me one even though I had only been lurking during that time]}

He's unhinged, here is a link to his trust flag if you guys haven't supported it yet.

https://bitcointalk.org/index.php?action=trust;u=2580400

[nutildah]

As evidenced below:  thanks for paying me in the last two days, Bob... that is why we are such buddy, buddies......   

#NoHomo.

[edited out]

Here is the list of people mr popular bob has been paying in the last 2 days
[edited out]

I think everybody who is reading this that was on that list (or not) should go pay the-ass-above-all a visit in his thread. You don't have to say anything relevant. It would just be funny to make him have to delete a shitload of comments. If you want your comment to stick, I suggest either leaving a post that demonstrates Bob is trustworthy or else using reverse psychology to prevent him from wanting to delete the post. Both are optional. All of its optional. None of this really matters.

[Hueristic]

As evidenced below:  thanks for paying me in the last two days, Bob... that is why we are such buddy, buddies......   
#NoHomo.

I don't want to sound like a queer or nuthin, but, I took you off my ignore list just now... finally.

Please PLEASE PLEASE try to work on editing your missives for less verbosity.  

Are you asking gravity to not tug so much?

[realr0ach]

I'm wondering why Tether is traded so much. Any ideas ? I'm not a trader, so... yeah.

[VB1001]

^^
Every time they talk about these prices I get sick, it is torture, because no one told me about bitcoin at that time ...

What's your bitcoin origin story? I cannot recall if you said.

You heard about bitcoin in mid 2017?  or earlier?

I never heard about Bitcoin before September 2017, this is when I bought, so Bitcoin was priced at +/- $ 3,600
When I arrived in Bitcointalk I already had my small portion of BTC, so I thought it was the right time to register in the forum, but I did not participate in the forum, I do not like the forums, there was no thread or section of my interest (stupid of my part).
During this time I used to catch the knife in the falls and it worked several times, until they caught me, the blow was strong, after this I became a 100/100 hodler, I have never sold a satoshi.
And one day (December 2018) by chance doing a Bitcoin search I found the Wall Observer thread and here I am since then.
Since 2008 I was quite involved in the purchase and sale of domains, it did not go wrong, but it would have been better if I had known this forum, things that happen in life.

This is a quick summary of my relationship with Bitcoin, for these reasons when I read conversations with prices of $ 600 my nervous system is disturbed and when I see that Bob sometimes talks about $ 2.50 / BTC, I have to go to the terrace to reassure my brain that is constantly coming back to 2008 mode , It's too late for me, I can never have a decent amount of Bitcoin.

[JayJuanGee]

As evidenced below:  thanks for paying me in the last two days, Bob... that is why we are such buddy, buddies......    
#NoHomo.

I don't want to sound like a queer or nuthin, but, I took you off my ignore list just now... finally.

Please PLEASE PLEASE try to work on editing your missives for less verbosity.  

Unless it is merely coincidental, I have no plans to change my ways... hahahahaha  Good luck.

Regarding my earlier post about the diptwat, the only one blah blah blah.. I hate drawing attention to the guy or his thread, but I really resent posting in any thread in which the OP (thread owner) has a penchant for deleting posts.  

Although could be that any deleted post could be reposted in some thread in which substantive posts are not deleted.. to the extent that the deleted post has any meaning outside of the context of the thread.  

Probably the vast majority of forum members do realize that self-moderated threads on a controversial topic tend to be mere propaganda pieces, yet I suppose that there are some members who don't realize the difference between a self-moderated thread and one that is not.

As evidenced below:  thanks for paying me in the last two days, Bob... that is why we are such buddy, buddies......   
#NoHomo.

I don't want to sound like a queer or nuthin, but, I took you off my ignore list just now... finally.

Please PLEASE PLEASE try to work on editing your missives for less verbosity.  

Are you asking gravity to not tug so much?

Exactly.

[VB1001]

Some complain that log scale is misleading and it can be for those new to it.  Here is the bitcoin price history with @100trillionUSD 0.4*SF^3 model in linear scale through 2011, 2015, 2019, & 2023.  Note how the prior periods melt into the base line.

Here is the same bitcoin price history and @100trillionUSD 0.4*SF^3 model in log scale.

https://twitter.com/ChartsBtc/status/1202624383186948096

Nice graphics.

[JayJuanGee]

^^
Every time they talk about these prices I get sick, it is torture, because no one told me about bitcoin at that time ...

What's your bitcoin origin story? I cannot recall if you said.

You heard about bitcoin in mid 2017?  or earlier?

I never heard about Bitcoin before September 2017,

Very difficult to help the matter, you know.

I heard about the name bitcoin before November 2013, and I had a tab reserved in my browser to research into it, but for some reason I was not motivated to research and I was not coming across the matter incidentally, so I am even a bit unclear in my own head regarding what my thoughts were about it, but when I read a few of the details in mid-to-late November 2013 (sparked by communication from a person who had incidentally made a decent amount of money in the two run ups of 2013), I was hooked almost immediately.. strange as that might seem. 

You got somewhat lucky, if you can call it that, by finding out before the BIGGER surge, but it might not be so much luck, if you are not quite ready to dedicate funds to it... because you are both trying to figure it out while the price is shooting UP like crazy... so maybe I was fortunate to find out about bitcoin at the top of a price splurge, and to buy all the way down.  Hard to really know, for sure... even though it ended up working out for both of us, right?  You have had less time to devote to it, but you are likely still going to be o.k. as long as you just keep plugging away at it.

this is when I bought, so Bitcoin was priced at +/- $ 3,600

Perhaps buying and attempting to learn at the same time... information going both ways but the price going up soon thereafter.

When I arrived in Bitcointalk I already had my small portion of BTC, so I thought it was the right time to register in the forum, but I did not participate in the forum, I do not like the forums, there was no thread or section of my interest (stupid of my part).

The same person who told me about his experiences in bitcoin in November 2013 ended up telling me about the WO thread in February 2014, so I only participated in WO thread for several years before venturing out to other parts of this forum.  I found this thread to be a bit overwhelming, and that part really has not changed over the years even though some of the active members have changed.. and probably the thread has become even more prolific, even though there was decent substance in 2014, too.

During this time I used to catch the knife in the falls and it worked several times, until they caught me, the blow was strong, after this I became a 100/100 hodler, I have never sold a satoshi.

Well, it seems that you might still be largely in accumulation stage. If your portfolio consistently gets to 5x or 10x or higher levels, you should not be totally averse to shaving off some profits here and there... hopefully.

And one day (December 2018) by chance doing a Bitcoin search I found the Wall Observer thread and here I am since then.

Gosh... I had been thinking that you had been active here longer than that, but o.k. fair enough.  You surely have contributed a lot of decent content, so I am sure members have appreciated that.

Since 2008 I was quite involved in the purchase and sale of domains, it did not go wrong, but it would have been better if I had known this forum, things that happen in life.

Actually, i have had some periods in life that I was very obsessed and busy with other kinds of activities, including my life in 2008-2013, so it is almost as if I would NOT have even had time for bitcoin, even if I would have heard about it.  That is a strange thing with certain things, sometimes we are not ready to absorb it. 

I can really relate to folks who completely shrug their shoulders at bitcoin or even wave it off as being something that is outside of their interest or knowledge, but sometimes if they hear a bit more about it, they seed will be planted and they will start to explore, more and more and more.   Sometimes just a need for a spark.

This is a quick summary of my relationship with Bitcoin, for these reasons when I read conversations with prices of $ 600 my nervous system is disturbed

Yep, it surely did float at those low prices for a decently long periods of time .. I mean I already listed the floating areas of $250, then $350 then $600, then $1,000 and then $2000, and you probably kind of know the supra $3,000 floating areas, and a lot of uncertainties at each point whether it was going to go down or up.  You cannot kick yourself for not knowing or not realizing.... even though I do sometimes search my own memory banks, and it just seems that I was just busy with other things and ended up not being sufficiently informed about bitcoin in order to be interested in it..  that is the punchline.

and when I see that Bob sometimes talks about $ 2.50 / BTC, I have to go to the terrace to reassure my brain that is constantly coming back to 2008 mode , It's too late for me, I can never have a decent amount of Bitcoin.

Well yeah.. there are a few of the double digit and single digit folks that are hard for me to understand too, and when I think about the whole pre 2013 situation, it kind of scares me anyhow regarding some of the more difficult ways to get into bitcoin, and probably that contributed to some of the reasons that so many people would not look into the matter further.  I mean, at least when I got in there was Coinbase that helped to make it a lot less strange regarding how to buy a little here and there.. and sure Circle and Gemini came along too.. as well as many other avenues into bitcoin that are going to vary from country to country.

[ivomm]

^^
Every time they talk about these prices I get sick, it is torture, because no one told me about bitcoin at that time ...

What's your bitcoin origin story? I cannot recall if you said.

You heard about bitcoin in mid 2017?  or earlier?

I never heard about Bitcoin before September 2017, this is when I bought, so Bitcoin was priced at +/- $ 3,600
When I arrived in Bitcointalk I already had my small portion of BTC, so I thought it was the right time to register in the forum, but I did not participate in the forum, I do not like the forums, there was no thread or section of my interest (stupid of my part).
During this time I used to catch the knife in the falls and it worked several times, until they caught me, the blow was strong, after this I became a 100/100 hodler, I have never sold a satoshi.
And one day (December 2018) by chance doing a Bitcoin search I found the Wall Observer thread and here I am since then.
Since 2008 I was quite involved in the purchase and sale of domains, it did not go wrong, but it would have been better if I had known this forum, things that happen in life.

This is a quick summary of my relationship with Bitcoin, for these reasons when I read conversations with prices of $ 600 my nervous system is disturbed and when I see that Bob sometimes talks about $ 2.50 / BTC, I have to go to the terrace to reassure my brain that is constantly coming back to 2008 mode , It's too late for me, I can never have a decent amount of Bitcoin.

I have a very similar exerience. I went full in at prices $4600-4800 in 2017. This happened after one awful trade in August, when I decided that the bull run is over and sold everything at $2700, one day before the first mega pump above $3K. It was very unfortunate since the price returned at 3K but only after I bought back what I had with double amount of fiat (i.e. all my savings). Not that I wanted to trade, but I was afraid of the coming fork, which threatened to destroy the price for a long time. After that, in November at the day of the fork, I sold half of my stash because of the dump I feared. Instead, the fork was cancelled, there was a bull run and I bought back at a higher price again. Unfortunately at this time kraken didn't fill the existing buying orders below my rebuying point and I lost something more because of it.

Finally, I sold half of my stash in December in the day I've read an article how manipulators will use futures to dump the price. It was clear to me that soon the futures will kill the bull run. The unfortunate thing is that I sold at 13K and few hours later the same day the price shot up to 17K. I was very frustrated and bought back at the first dip to 15K. This was my last sale. Needless to say I've become a hardcore hodler since then.

All this is very unfortunate, because I've missed so many trains. I've heard about Bitcoin in 2015 when the price was 300$. I didn't even know how the price was forming and thought at that time that the miners offer this price to the buyers (crazy, I know). At that time I decided to build  gpu rigs to mine Ethereum and invested 10K euro. Although I missed the Ethereum bull runs, I made some profit of 15K euro, which I constantly changed between USDT and Bitcoin because of the crashes in 2017. Because of these fails, I didn't sell even a satoshi at 20K or 14K this year, which turned against me again. This is in short my lamentable story. Very, very bad luck, like in my whole life. Some times I think because of me Bitcoin entered this bear market, as if someone above doesn't want me to be rich. My only weapon is the unique stubborness which helped my entire life to endure all bad things and have some professional success.

[Wekkel]

I am staring at the Red Line in that chart and imagine crying that Bitcoin is going to die because the price is only $50,000. It’s 2023.

[realr0ach]

Bitcoin is anti-Keynesian technology.

https://twitter.com/pierre_rochard/status/1202607947089612802?s=20

He's a complete moron.  All currencies - of which Bitcoin is one - are Keynesian in nature.  Currencies are garbage, confidence game scams based on artificial scarcity.  They start at a value of zero, are rigged above zero in some manner either by governments or some other market manipulation but are still just as worthless as their first day of creation, then always eventually return back to zero once the confidence game implodes.  This is why actual money, as opposed to currency, is required to be a physical commodity resource, because those aren't confidence game scams.

[JayJuanGee]

^^
Every time they talk about these prices I get sick, it is torture, because no one told me about bitcoin at that time ...

What's your bitcoin origin story? I cannot recall if you said.

You heard about bitcoin in mid 2017?  or earlier?

I never heard about Bitcoin before September 2017, this is when I bought, so Bitcoin was priced at +/- $ 3,600
When I arrived in Bitcointalk I already had my small portion of BTC, so I thought it was the right time to register in the forum, but I did not participate in the forum, I do not like the forums, there was no thread or section of my interest (stupid of my part).
During this time I used to catch the knife in the falls and it worked several times, until they caught me, the blow was strong, after this I became a 100/100 hodler, I have never sold a satoshi.
And one day (December 2018) by chance doing a Bitcoin search I found the Wall Observer thread and here I am since then.
Since 2008 I was quite involved in the purchase and sale of domains, it did not go wrong, but it would have been better if I had known this forum, things that happen in life.

This is a quick summary of my relationship with Bitcoin, for these reasons when I read conversations with prices of $ 600 my nervous system is disturbed and when I see that Bob sometimes talks about $ 2.50 / BTC, I have to go to the terrace to reassure my brain that is constantly coming back to 2008 mode , It's too late for me, I can never have a decent amount of Bitcoin.

I have a very similar exerience. I went full in at prices $4600-4800 in 2017. This happened after one awful trade in August, when I decided that the bull run is over and sold everything at $2700, one day before the first mega pump above $3K. It was very unfortunate since the price returned at 3K but only after I bought back what I had with double amount of fiat (i.e. all my savings). Not that I wanted to trade, but I was afraid of the coming fork, which threatened to destroy the price for a long time. After that, in November at the day of the fork, I sold half of my stash because of the dump I feared. Instead, the fork was cancelled, there was a bull run and I bought back at a higher price again. Unfortunately at this time kraken didn't fill the existing buying orders below my rebuying point and I lost something more because of it.

Finally, I sold half of my stash in December in the day I've read an article how manipulators will use futures to dump the price. It was clear to me that soon the futures will kill the bull run. The unfortunate thing is that I sold at 13K and few hours later the same day the price shoot up to 17K. I was very frustrated and bought back at the first dip to 15K. This was my last sale. Needless to say I've become a hardcore hodler since then.

All this is very unfortunate, because I've missed so many trains. I've heard about Bitcoin in 2015 when the price was 300$. I didn't even know how the price was forming and thought at that time that the miners offer this price to the buyers (crazy, I know). At that time I decided to build  gpu rigs to mine Ethereum and invested 10K euro. Although I missed the Ethereum bull runs, I made some profit of 15K euro, which I constantly changed between USDT and Bitcoin because of the crashes in 2017. Because of these fails, I didn't sell even a satoshi at 20K or 14K this year, which turned against me again. This is in short my lamentable story. Very, very bad luck, like in my whole life. Some times I think because of me Bitcoin entered this bear market, as if someone above doesn't want me to be rich. My only weapon is the unique stubborness which helped my entire life to endure all bad things and have some professional success.

Sorry about your various bad trades, and that is probably part of the problem with trying to second guess short term price moves, yet many of us know that a DCA strategy that might also supplement with buying on dips and HODLing would have better chances of building your wealth in bitcoin (even if valued in dollars) over the longer term.  Of course, it is still a gamble to buy and HODL, and surely there are a lot of folks trying to talk us into selling on a regular basis, and seems to be to be a lot better to just ride through some of the downfalls in prices continue to buy regularly and try to buy on dips to the extent feasible but don't get too obsessed with missing certain price points that end up happening.  Surely it is a lot easier to say that "I should have sold a bit more and bought back lower" and then end up getting screwed when you actually try it.

Anyhow, hopefully you learned some lessons from the bad trades, yet I do tend to see that it takes quite a bit for gamblers to stop with their inclinations to gamble, once they have experimented with gambling, and maybe even worse if they have made some money through gambling, then they have a harder time stopping their bad habits.

[realr0ach]

Because of these fails, I didn't sell even a satoshi at 20K or 14K this year, which turned against me again. This is in short my lamentable story. Very, very bad luck, like in my whole life.

You think about Bitcoin entirely the wrong way.  They're imaginary, valueless timestamps.  They do not even exist.  There is no profit whatsoever 'guaranteed' about such a thing.  The only thing guaranteed about currencies - as opposed to physical commodity money - is that they're Keynesian, confidence game scams based on artificial scarcity that start at a value of zero and always return there.  You're participating in a scam and attempting to defraud others by doing anything with a currency as opposed to money.

The actual value of a timestamp is zero, worthless.  So in terms of 'making money', the only logical way you can think about Bitcoin is being the equivalent of a smash and grab robbery.  If you manage to break the glass and run out the door with a single cent of profit before the shop owner shoots you, or worse, a negative balance sheet, then you came out ahead with more than you deserved in the first place.

[JayJuanGee]

Because of these fails, I didn't sell even a satoshi at 20K or 14K this year, which turned against me again. This is in short my lamentable story. Very, very bad luck, like in my whole life.

You think about Bitcoin entirely the wrong way.  They're imaginary, valueless timestamps.  They do not even exist.  There is no profit whatsoever 'guaranteed' about such a thing.  The only thing guaranteed about Keynesian, artificial scarcity currencies - as opposed to physical commodity money - is that they start at a value of zero and always return there again once the confidence game scam implodes.  

The actual value of a timestamp is zero, worthless.  So in terms of 'making money', the only logical way you can think about Bitcoin is being the equivalent of a smash and grab robbery.  If you manage to break the glass and run out the door with a single cent of profit before the shop owner shoots you, or worse, a negative balance sheet, then you came out ahead with more than you deserved in the first place.

Tell me more roach......  



No don't.  As if you know anything worth learning about bitcoin.  

Sure,you bought some bitcoin, but then you sold them all at $700-ish (in 2016), and then you for some reason you thought that bitfinex and bitcoin were the same thing and you erroneously thought that bitfinex was going down and or scamming the whole system (a bit unclear about your nonsense muddled brain, to the extent you have one).  

Point is that you have been subsequently waiting for the BTC price to go back down so that you can buy back in.

With your butt-hurt resentments about bitcoin and its price (and your seemingly ongoing lack of understanding of it and unwillingness to learn), you really are not in an advice-giving position about how to "think about bitcoin."

[VB1001]

^^
Every time they talk about these prices I get sick, it is torture, because no one told me about bitcoin at that time ...

What's your bitcoin origin story? I cannot recall if you said.

You heard about bitcoin in mid 2017?  or earlier?

I never heard about Bitcoin before September 2017,

And one day (December 2018) by chance doing a Bitcoin search I found the Wall Observer thread and here I am since then.

Gosh... I had been thinking that you had been active here longer than that, but o.k. fair enough.  You surely have contributed a lot of decent content, so I am sure members have appreciated that.

Some plan that I will have to elaborate in 2020 to accumulate a little more BTC, even if it is a small monthly amount, this year it has been impossible to do it, all the veterinary hospitalizations of Maine Coon have consumed all my resources in cash.

Although I am optimistic and I do not rule out that one day an anonymous veteran member falls in love with one of my threads and sends me a few hundred BTC for the work done, as was done previously in the forum. (Let me dream)

Thx, JJG

All this is very unfortunate, because I've missed so many trains. I've heard about Bitcoin in 2015 when the price was 300$. I didn't even know how the price was forming and thought at that time that the miners offer this price to the buyers (crazy, I know). At that time I decided to build  gpu rigs to mine Ethereum and invested 10K euro. Although I missed the Ethereum bull runs, I made some profit of 15K euro, which I constantly changed between USDT and Bitcoin because of the crashes in 2017. Because of these fails, I didn't sell even a satoshi at 20K or 14K this year, which turned against me again. This is in short my lamentable story. Very, very bad luck, like in my whole life. Some times I think because of me Bitcoin entered this bear market, as if someone above doesn't want me to be rich. My only weapon is the unique stubborness which helped my entire life to endure all bad things and have some professional success.

We all have to learn from mistakes and in this thread you should read between the lines, often very interesting comments from several members, putting your hands under your ass and away from the keyboard seems to be the best solution for a hodl strategy.
Buy what you can in the dip is the most advisable..

Thx for your comment.

[JayJuanGee]

^^
Every time they talk about these prices I get sick, it is torture, because no one told me about bitcoin at that time ...

What's your bitcoin origin story? I cannot recall if you said.

You heard about bitcoin in mid 2017?  or earlier?

I never heard about Bitcoin before September 2017,

And one day (December 2018) by chance doing a Bitcoin search I found the Wall Observer thread and here I am since then.

Gosh... I had been thinking that you had been active here longer than that, but o.k. fair enough.  You surely have contributed a lot of decent content, so I am sure members have appreciated that.

Some plan that I will have to elaborate in 2020 to accumulate a little more BTC, even if it is a small monthly amount, this year it has been impossible to do it, all the veterinary hospitalizations of Maine Coon have consumed all my resources in cash.

Although I am optimistic and I do not rule out that one day an anonymous veteran member falls in love with one of my threads and sends me a few hundred BTC for the work done, as was done previously in the forum. (Let me dream)

Thx, JJG

I suppose that there are some generous donations, and of course scammers taking bitcoins, too.

Andreas Antonopolis is a decent example.  He was saying that he was Bitcoin poor near the top of the 2017 price rise, but then received a BIG donation.. someone (might have been Roger Ver triggered) opened a donation fund for Andreas and then one BIG donor dwarfed all of the rest of the donors..and added up to a real large donation.  So, yeah, sometimes luck can happen in those places in which preparation meets opportunities.

[Paashaas]

I am staring at the Red Line in that chart and imagine crying that Bitcoin is going to die because the price is only $50,000. It’s 2023.

Bitcoin dropped from ~$150.000 to $50.000. 

[hv_]

Bitcoin is anti-Keynesian technology.

https://twitter.com/pierre_rochard/status/1202607947089612802?s=20

He's a complete moron.  All currencies - of which Bitcoin is one - are Keynesian in nature.  Currencies are garbage, confidence game scams based on artificial scarcity.  They start at a value of zero, are rigged above zero in some manner either by governments or some other market manipulation but are still just as worthless as their first day of creation, then always eventually return back to zero once the confidence game implodes.  This is why actual money, as opposed to currency, is required to be a physical commodity resource, because those aren't confidence game scams.

Bitcoin is more commodity than currency. It needs real world use - interoperability and store of precious data - before it can be used as currency

[makrospex]

Almost everbody that dealt with bitcoin since 2017 has a distorted picture of development/history.
They see early adopters got rich "quickly", which means up to 9 years, not aware of the many times these early birds suffered from enourmous losses at several times in btc history, even the first miners being so faithful to "generate" some bytes with "no value" at all.
Now the newcomers dream of BTC to continue the parabolic rise, with McAfees viral one-million-by-2021 phantasy in the back of their mind. Get rich even quicker with no risk at all.
Sorry, this isn't they way it's going to play out, imo. It's like buying google or amazon shares and expecting them to go x10 in a year and x100 in two, because they did in the last n years.
Come on... 

This is hopium, not "bad luck" at all. I was always told not to invest more than i am willing to lose. This was the very best newcomer advice i ever got.