Market

Crypto Twitter Responds to Latest Bitcoin Dump: “Ok, Cool”

Bitcoin has fallen below 40,000, wiping nearly $50 billion off the crypto market cap. Even without concrete news, Crypto Twitter will not miss the opportunity to respond in their own colorful way.

Lark Davis, a prominent figure in the crypto space with nearly a million followers on Twitter, has questions his audience:

“Did you buy the dip this time? Or wait for a more obvious downtrend/uptrend?”

French users REMOVE answer that he was too tired to do anything at that point.

“I bought the dip in the last 6 months…Now I’m out of money.”

Meanwhile, Frank Sirianni III expressed that he accepted the downtrend of the Bitcoin price with every purchase.

“I accept the fact that the price will be lower after purchase. Now I feel comfortable with it.”

Elsewhere on Crypto Twitter, users Sir Doge of the Coin and Ananthu expressed their feelings through images and gifs of some classic memes.

https://twitter.com/dogeofficialceo/status/1484351272505409538?ref_src=twsrc%5Etfw” target=”_blank” rel=”nofollow noopener
“It’s a love-hate relationship.”

Gold Bull Peter Shiff and his followers did not waste this opportunity to mock , suspect that “a breakdown below $10,000 is very likely.”

“Bitcoin has finally broken the neckline of the head and shoulder top. The scary part for a long time is that this pattern predicts a move below $30,000. Once this level is broken, Bitcoin will complete a major double top. From there it is very likely that there will be a breakdown below $10,000.”

Twitter user Manuel Campbell endorsed this FUD by tweets that Shiff is still overly optimistic with this prediction.

In response, bitcoiners pointed out that Shiff’s previous predictions weren’t actually accurate. Twitter Max user has answer Shiff: “You’re wrong every time!” when quoting Shiff’s tweet two years ago.

Microstrategy’s CEO, Michael Saylor, didn’t pass up the opportunity either let go some of his sage advice for bitcoin investors.

“When you invest in bitcoin, the short term is 4 years, the average term is 10 years, and the right time is forever.”

While everyone reacted differently when the crash hit the market, anonymous analyst Will Clemente was unimpressed.

“Just drive two hours, check your phone and bitcoin goes back to $40,000 – ok, cool.”

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Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.