Bitcoin (BTC) has fallen below 40,000, wiping out nearly $50 billion of the cryptocurrency’s market capitalization. Even without any concrete news, the Twitter cryptocurrency still won’t let the dump go away without reacting in its own way.
Lark Davis, a cryptocurrency personality with nearly a million Twitter followers, asked his audience, “Are you buying anything on this dip? Or are you waiting for clarity if we go lower or higher?” User french b gleefully replied that he is too poor right now. to do something.
Bought the sauce within the last 6 months. Now I’m broke – French B (@frenchB13852573) January 21, 2022
Meanwhile, Frank Sirianni III responded that he has already accepted this trend, with the price of BTC dropping whenever he buys. “I just resigned myself to the fact that after I buy, the price goes down. Now I have come to terms with it, ”wrote a Twitter user.
In another cryptocurrency section of Twitter, users Sir Doge of the Coin and Ananthu expressed their feelings through images and gifs of some classic memes.
It’s a love/hate relationship #Bitcoin #BTC pic.twitter.com/hfF8EskEnj — Sir Doge Coins (@dogeofficialceo) January 21, 2022
Golden bull Peter Schiff and his followers seized this opportunity to oppose BTC, predicting that “a crash below $10,000 is very likely.”
#Bitcoin has finally broken through the cleavage of the top of the head and shoulders. The scary part for long positions is that the model predicts a move below $30,000. Once this level is broken, Bitcoin will complete a massive double top. From there, a crash below $10,000 is very likely. — Peter Schiff (@PeterSchiff) January 21, 2022
Twitter user Manuel Campbell supported Schiff’s FUD by tweeting that he thinks Schiff is still too optimistic about this prediction.
In response, the bitcoiners called out Schiff, pointing out that his previous predictions were not entirely accurate. Twitter user Max replied to Schiff: “You’re wrong every time!” White quotes Schiff’s tweet from two years ago.
Meanwhile, Microstrategy CEO Michael Saylor also took the opportunity to offer some words of wisdom to BTC investors.
If you are going to invest in bitcoin, the short time horizon is four years, the average time horizon is ten years, and the correct time horizon is #forever. https://t.co/rRMz0yCkpN — Michael Saylor⚡️ (@saylor) January 20, 2022 .
Related: Twitter Blue releases NFT profile photos for iOS
While everyone reacted to the dump with varying levels of emotion, cryptocurrency tweeter Will Clemente remains unfazed. Clemente tweeted: “Drived 2 hours, check my phone and BTC is under 40,000 – ok cool.”