Bitcoin’s Collapse – The Best Quotes

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Bitcoin’s epic collapse led to some choice words from some choice people. Here we compile those from some well known crypto luminaries and skeptics alike.

Arthur Hayes:

“The fear and uncertainty facing humanity is enough to inspire a global margin call. Bitcoin will not escape. While I don’t believe we will revisit $3,000, max pain probably resides somewhere between $6,000 to $7,000 Bitcoin.”

Trading journal

Edward Snowden:

“This is the first time in a while I’ve felt like buying bitcoin. That drop was too much panic and too little reason.”

Mike Novogratz:

“$btc was always a confidence game. All crypto is. And it appears global confidence in just about anything has evaporated. What brings it back to $btc.”

Nouriel Roubini:

“Total Shitcoins Scatological ShitshowPile of pooPile of pooPile of poo: Shitcoin Bitcoin down 40% in last 24 hours while US equities down 10%. So Bitcoin down 4X more than equities. Only total idiots, self-interested conmen, crooks, criminals, scammers suckers would peddle & invest in such cesspool crap!”

Peter Schiff:

“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.”

Caitlin Long:

ONLY TWO THINGS are clear:

(1) Big banks should be raising equity (for umteenth time Grimacing face)

(2) #Bitcoin’s price is down but as a system it remains stable. I have no confidence in the traditional financial system’s stability—bubble looking for a pin for yrs. The virus was the pin.

Erik Vorhees:

“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.”

Alex Krüger:

“This now happening in crypto is how true liquidations look like. That’s all one needs to understand. And it is 100% driven by coronavirus.”

Raoul Pal:

“If you think that the end of all of this, somewhere lies a digital, immutable future, then painful though it is…soon will be the time to add massively. Everything is getting liquidated and this is fast becoming a fire sale…”

Charlie Shrem:

“SAVE US!!!!”