Twitter responds to today's selloff, most agree not a cause for alarm

04 Jun, 2019
by David Borman
Opinion
Twitter responds to today's selloff, most agree not a cause for alarm

By now most have noticed that the whole crypto market has taken a bit of a slide in the last several hours. As events have unfolded, many on twitter have weighed in with either predictions or reminders that this is what crypto does. Fortunately, nobody seems too negative on the price shift.

It seems to be becoming a self fulfilling prophecy that every time CNBC speaks positively about crypto, something goes wrong. The following came just shortly before the price began to decline:

Just three hours later, CNBC sent this out:

This led some to make jokes about how CNBC seems to never quite have their finger on the actual pulse of crypto, and instead is just chasing sensationalism:

Others seemed to support this idea, but also pointed out more seriously that we all need to stay calm during these types of corrections:

Others were responding with legitimate predictions about how far we will see this downside go. While predictions vary a bit, it seems that most believe we will find support above $7,100 at least:

As of the time of this writing, it does seem the pice is holding just above about $7,600.

Are those on twitter right to not worry? Has this dip already just about played out? Stick right here with Chepicap for all updates on Bitcoin price action!

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Read more about: Bitcoin (BTC) CNBC

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