Despite some stability in the market since the recent Bitcoin crash crypto Twitter on Bitcoin seems to be in bearish sentiments until date. The cryptocurrency market and volatility both go hand in hand. However, aside from the fluctuations in prices, the predictions and opinions in the crypto market also change rapidly.
For instance, a
couple of days ago Bitcoin and the other cryptocurrencies experienced a severe nosedive, thereby, the
price of the largest virtual asset plummeted to $3,600 on BitMEX. Suddenly,
most of the popular influencers’ views changed from bullish mode to a bearish
Constantly Changing Crypto Twitter on Bitcoin
A couple of weeks
ago, Bitcoin (BTC) was enjoying its position at $10,000 mark, until the deadly
coronavirus adversely impacted all the financial markets, including the crypto
market, so all the financial markets plummeted.
As it often happens that when prices begin to fall, the collective ‘high’ opinions and expectations start falling. Those crypto influencers who had forecasted that the price of Bitcoin is never going to be less than $10,000 ever again, abruptly shifted their stance and are now determined that there is going to be yet another massive drop. Some of them are:
Truth vs. Trending
Most of the crypto Twitter on Bitcoin influencers are just following the trend, as the prices spike, so does their opinion for that cryptocurrency’s price and vice-versa. These influencers are playing mind games with their audience.
Just like the populist leaders who want to get the attention of the masses to say all that what the masses want to hear, these influencers feed their followers with what they want to hear. So, traders should form their own opinion by studying and researching the market trajectory, rather than following some ‘popular ’clueless influencer.
- It’s almost impossible for Bitcoin to be supplanted by an altcoin; here’s why - March 30, 2020
- Bitcoin Price Prediction: BTC/USD Targets $6,500 Before Making a Future Pullback - March 30, 2020
- Covid-19 has gifted me time. I’ve done my own research, a heap, I’m hooked but still a little confused 😐 any bored isolated ppl out there in the world got time to answer a few noob questions? 🙂 - March 30, 2020