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Bitcoin will come back from the dead
No, Bitcoin as a store of value isn’t dead just because it had a super shitty day. No, Ethereum and defi aren’t dead just because they had a super shitty day. In the coming months the world will see what anti-fragile means.
— Erik Voorhees (@ErikVoorhees) March 13, 2020
BITCOINERS: Hearing guys whine that btc is krap, not a hedge, not digital gold, it's going to zero etc..stfu. Btc is the only true free market in the world. Btc is the only asset that can go down 50% in one day and doesn't need govt intervention to stabilize. It will be fine. pic.twitter.com/I5tFpGg5BP
— Dan Tapiero (@DTAPCAP) March 13, 2020
Bitcoin is gone for good
With #Bitcoin crashing below $4,000 I don't feel so bad about having lost all my Bitcoin. At the rate my lost Bitcoin are losing value soon the difference between having Bitcoin and not having any Bitcoin will be too small to matter.
— Peter Schiff (@PeterSchiff) March 13, 2020
#Bitcoin miners now unprofitable.
Bitcoin Electricity Cost tested, this is the point where miners start to turn off rigs, b/c the electricity bill is more than 1BTC.
These conditions don't last long.
Expect we hold (mostly) above $5000, and then start to see Hash Rate drop. pic.twitter.com/AW7H3T3Q1D
— Charles Edwards (@caprioleio) March 13, 2020
Looking beyond the Bitcoin price
Has #Bitcoin changed from last week to this? Is the network broken? Has someone hacked it?
No, Bitcoin is working, chugging along and growing! https://t.co/8oJWyLPNZP
— Charlie Shrem (@CharlieShrem) March 13, 2020