Bitcoin (BTC) has fallen below $40,000, wiping almost $50 billion off the crypto market cap. Even without any news in particular to blame, crypto-Twitter still won’t let the downfall slip by without reacting in its own colorful ways.
Lark Davis, a crypto figure with almost a million followers on Twitter, I ask to his audience: “Are you buying anything this fall? Or do you expect clarity as to whether we go down or up? User french b happily replied that he is too broke to do anything at the moment.
Been buying the dip for past 6 months .. I m broke now
— french B (@frenchB13852573) January 21, 2022
I have been buying the fall for the last 6 months. Now I’m broke.
Meanwhile, Frank Sirianni III replied, expressing how you have already accepted this trend where the price of BTC falls every time you buy. “I just accepted the fact that after buying it goes down. I’m at peace with it now,” the Twitter user wrote.
In another area within crypto-Twitter, users Sir Doge of the Coin and Ananthu expressed how they feel through images and a gif of some classic memes.
It’s a love/hate relationship#bitcoin #BTC pic.twitter.com/hfF8EskEnj
— Sir Doge of the Coin (@dogeofficialceo) January 21, 2022
It’s a love/hate relationship #Bitcoin
Gold bull Peter Schiff and his supporters did not waste this opportunity to speak ill of BTC, predicting that “a drop below $10,000 is highly likely.”
#bitcoin has finally broken the neckline of a head-and-shoulders top. The scary part for the longs is that the pattern projects a move below $30,000. Once that level is breached Bitcoin will have completed a massive double top. From there a crash below $10,000 is highly likely.
— Peter Schiff (@PeterSchiff) January 21, 2022
#Bitcoin has finally broken the neckline of a head and shoulders ceiling. The scary part for longs is that the pattern projects a move below $30,000. Once that level is broken, Bitcoin will have completed a massive double top. From there, a drop below $10,000 is very likely.
Twitter user Manuel Campbell support Shiff’s FUD by tweeting that he thinks Shiff is still too optimistic with that prediction.
In response, Bitcoiners called out Shiff and pointed out that his previous predictions were not really accurate. Twitter user Max answered to Shiff: “You’re always wrong!”, while quoted Shiff’s tweet two years ago.
Meanwhile, Microstrategy CEO Michael Saylor also did not miss this opportunity to drop some of his wise words for BTC investors.
If you are going to invest in #bitcoin, a short time horizon is four years, a mid time horizon is ten years, & the right time horizon is #forever. https://t.co/rRMz0yCkpN
—Michael Saylor⚡️ (@saylor) January 20, 2022
If you’re going to invest in #bitcoin, a short time horizon is four years, a medium time horizon is ten years, and the correct time horizon is forever.
While everyone reacted with varying levels of emotion due to the crash, crypto Twitter figure Will Clemente remains unfazed. Clemente tweeted: “Just drove for 2 hours, checked my phone and BTC is under 40,000, all good.”
Keep reading: