As Bitcoin prices took a plunge this week, crypto evangelists were quick to take to Twitter to soothe frayed nerves and expound on why the drop is nothing to be concerned about.
The swiftness of the declines took many by surprise and dozens of tweets were quickly dispatched in support of the nascent and highly volatile market. There’s no reason to panic, they said. Buy now and see it go to $50,000, they said. The worst thing you can do is miss the next wave, they said.