Bitcoin (BTC) has dumped below 40,000, wiping out almost $50 billion from the crypto market cap. Even without any particular news to blame, Crypto Twitter still won’t let the dump slide without reacting in its own colorful ways.
Lark Davis, a crypto figure with almost a million Twitter followers asked his audience: “Are you buying anything on this dip? Or waiting for clarity if we go lower or higher?” User french b happily replied that he’s too broke to do anything at this point.
Been buying the dip for past 6 months .. I m broke now
— french B (@frenchB13852573) January 21, 2022
Meanwhile, Frank Sirianni III replied, expressing how he has already accepted this trend where BTC price falls whenever he buys. “I’ve just accepted the fact that after I buy it goes lower. I’m at peace with that now,” wrote the Twitter user.
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
Gold bull Peter Shiff and his followers didn’t waste this opportunity to talk smack against BTC, predicting that “a crash 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
Twitter user Manuel Campbell supported Shiff’s FUD by tweeting that he thinks Shiff is still too optimistic with that prediction.
In response, Bitcoiners called out Shiff, pointing out that his previous predictions weren’t really accurate. Twitter user Max replied to Shiff, “You are wrong every time!” while quoting Shiff’s tweet two years ago.
Meanwhile, Microstrategy CEO Michael Saylor also did not miss this opportunity to drop some of his words of wisdom 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
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While everyone reacted with varying levels of emotion because of the dump, Crypto Twitter figure Will Clemente remains unfazed. Clemente tweeted, “Just drove for two hrs, check my phone and BTC is sub 40K — Ok, cool.”