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

[ChartBuddy]

Explanation

[somac.]

Are we going back down because of this?

https://www.zerohedge.com/geopolitical/futures-global-stocks-tumble-amid-sudden-fears-over-dramatically-new-covid-strain

If so market is beyond stupid. If covid flares up again that equals more money printing end of story. This should be a time to buy moment.

EDIT: Lol, it is because of this, I just checked the S&P futures. Man people are stupid.

[tertius993]

Post-Thanksgiving hangover?

[vroom]

Post-Thanksgiving hangover?

fucking monthy futures

[AlcoHoDL]

Looking at Bitstamp's 5min chart reminds me of those cute memes that proudhon posts.

He knew. He always knew.    

[somac.]

S&P futures have bounced a little bitcoin has not. Should see a bounce too, or maybe bitcoin is dead.

Russell is down over 4%

[El duderino_]

No need for the next CB

F***ing futures  

[somac.]

No need for the next CB

F***ing futures  

This is a reaction to the south african covid mutant strain I reckon. All markets are down right now.

countdown until the fed comes out and says they'll print more. Won't take long.

[tertius993]

Post-Thanksgiving hangover?

fucking monthy futures

Good point.

Just wonder if yesterday’s little jump was Thanksgiving inspired exuberance and today is a mixture of options expiry and morning after second thoughts … though probably too early for the latter.

[bitcoinPsycho]

No need for the next CB

F***ing futures  

This is a reaction to the south african covid mutant strain I reckon. All markets are down right now.

Covid bans bitcoin

[LoyceV]

Are we now at the point where scientists from (in this case) South-Africa can cause a global market drop when they discover another virus mutation?

[Paashaas]

That sell-off..

Meanwhile, coin supply on exchanges are dropping lower.

Going to the gym for a 2-hour workout.

[ChartBuddy]

Explanation

[Hhampuz]

I welcome another market drop caused by covid. Last time this happened you could scoop up btc at around $3500, if you hodl it at current rates you're up what.. 1600% ish? Bring it on 

[vroom]

nobody gives a shit about this new covid mutation. covid mutations are already priced in, everybody knows that a virus can and will mutate. why should bitcoin dump because of this?

[Paashaas]

Are we now at the point where scientists from (in this case) South-Africa can cause a global market drop when they discover another virus mutation?

Nha, countries tightens borders and suspending flights to and from South-Africa and cosing border for travelers.

This shitshow starts all over agian.

[aysg76]

I welcome another market drop caused by covid. Last time this happened you could scoop up btc at around $3500, if you hodl it at current rates you're up what.. 1600% ish? Bring it on 

We have seen the worse than it and now ready for bad also not afraid of it now and yes we will be up if we hold it this time also.Just slight back to make high jumps 

Me to panic sellers and newbies 

[ivomm]

I've lost count how many times this year a sudden 10% drop liquidates hundreds of millions high leverage long positions. Man, these n00bs never learn! You can't get rich overnight in Bitcoin, duche bags! But I'm happy, because I didn't hope for such low prices at this time of the year. Time for me to buy some cheap corn  

[OutOfMemory]

Are there any good thanksgiving movies you guys can recommend?

I don't celebrate TG, but try "die in a gunfight", which is one of the best movies i came across lately.

EDIT: also bought a little dip at $54.849 Wohooo!

[somac.]

Are we now at the point where scientists from (in this case) South-Africa can cause a global market drop when they discover another virus mutation?

Nha, countries tightens borders and suspending flights to and from South-Africa and cosing border for travelers.

This shitshow starts all over agian.

Pretty stupid though, particularly as markets have last year's lesson to go off. Covid also shouldn't be considered a big deal even if mutated, because of vaccines, treatments (pfizers pill is 90% effective), and a lot of the vulnerable already killed off. This dip will not last long. We're also at a good support level and on-chain data is still bullish (unless that has changed in the last 10 hours).