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By Samuel Alioto
Observer Staff Writer 

As $BTC Bitcoin, Ethereum Lose 20% of their Value, #CryptoCrash Trending on Twitter and Theories Were Shared

Bitcoin traded down to $43,000, a 25% decline, then bounced a bit Saturday morning. The conspiracy theories were inevitable.

 

December 5, 2021

Stock Traders vs. Crypto Traders

Bitcoin, Ethereum and other major crypto currencies lost twenty percent of their value Friday afternoon into Saturday, December 4, 2021. Opinions of what happens next, naturally, varied a great deal on Twitter. There were of course, the conspiracy theories. And the Shiba Inu memes.

"I've bought every dip and made money everytime. I'm so tired of people freaking lol it's a new financial tech what do u expect? Stability?Face with tears of joy Early Christmas, upped my $BTC." said Satoshi.

Hey, Crypto Bros! We're Hiring

"This is what happened to me lmao. I bought the "dip" two weeks ago, it then dipped again after a week, and today the real dip happened. My pan is to hodl long term and pump in FBA money as soon as we start cashflowing," tweeted @andreamichelli. "HODL" stands for, Hold On for Dear Life, meaning don't sell no matter what happens to the price of Crypto assets.

"If we could just remove the human intervention.....i.e. regulation! Corrupt officials claiming to protect people are stealing like they always have. Rigging the game." wrote @CalebCandy

Bitcoin traded down to $43,000, a 25% decline, then bounced a bit Saturday morning. The conspiracy theories were inevitable.

"Thank all of our elected officials! Banks everywhere are demanding they manipulate and destroy crypto! They dont want any competition! They want to kill #Crypto even at the cost of stifling innovation! #corruption" tweeted @coinster

 

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