Crypto Memes: For participants in the crypto community, 2021 has been remembered through memes. Here are a few.
What’s new with Bitcoin
The most capitalized cryptocurrency – Bitcoin (BTC) – started 2021 with active growth. For 12 months, the play raised the stakes on several occasions. The peak of $ 68,789 was recorded on November 10, 2021, according to resource CoinMarketCap.
Against the backdrop of the active growth of the cryptocurrency, members of the crypto community have not missed the opportunity to poke fun at inexperienced investors who have purchased coins as a result of the hype.
Alas. The glorious highs bitcoin hit in November 2021 was followed by a long period of correction. The Chinese authorities are partly to blame – they have decided to expel the minors from the country. Many members of the PRC crypto community have had to disconnect their equipment from the network and find a new home. Bitcoin has embarked on a downer.
At the end of the year, investors urged other market participants not to panic. They suggested that investors should use the lower prices to buy. Thanks to these optimists, a video about periodic BTC drops and buying down has gone viral.
At the same time, many members of the crypto community kept waiting for bitcoin to hit $ 100,000.
Investors also hoped that the Taproot update would help. The update took place in November 2021 on block number 709 632.
Investors with nerves of steel
One of the hot topics of discussion has been the high level of volatility in the digital asset market in 2021. Investors jokingly noted that the behavior of cryptocurrencies significantly affects their level of well-being.
“2 weeks ago, 2 days ago, yesterday, today.”
Many investors have started to complain that such sharp moves in the digital asset market have started to negatively affect their psyche.
Is Bitcoin At The Bottom Again? “
At the same time, many also noted the illogical behavior of market participants, who often organize the sale of digital assets at the most inconvenient time.
“Wait. Dungeon. And now we sell.
At the same time, members of the crypto community have not forgotten that in 2022 the digital asset market could face a new set of hurdles.
Despite this, investors are optimistic about the future, as bitcoin and other capitalization leaders have consistently shown positive momentum for several years.
Another topic of discussion was the hype around “dog” cryptocurrencies (Dogecoin and Shiba Inu). Due to the increasing popularity of coins, many investors believed that capitalization leaders such as Bitcoin and Ethereum were being pushed back.
In 2021, non-fungible tokens (NFTs) were also on the wave of the hype. The prices of virtual tokens have reached millions of dollars. The willingness of market players to pay such large sums for digital NFTs has become an occasion for jokes.
Squid Games merges with crypto
Members of the crypto community have also been captured by the South Korean “Squid Game” series. Its popularity has been taken advantage of by crooks. Unknown people have launched a cryptocurrency on the series. After the coin caught the attention of the crypto community and investment, the attackers fled with their money.
Many investors have also ironically noted that working in the digital asset market is in many ways similar to one of the Squid Games contests. Participants should carefully separate the background from the sign on the cookie. Those who failed to cope are dead.
Inexperienced investors in the digital asset market were also faced with one bad decision (after another). Like Squid Games, they too can lose their money. Therefore, everyone is afraid of breaking cookies.
The previous year was also recalled by market players for renaming Facebook to Meta and changing the direction of the company’s development. Representatives of the organization decided to create their own metaverse. Many investors viewed the rebranding as a failure.
Cryptographic Memes: El Salvador
Another topic of discussion was the legalization of bitcoin in El Salvador. In September 2021, the country’s authorities made BTC the second currency. It will work alongside the US dollar, the national currency. A meme went viral with a reference to the popular joke in the crypto community. That is, all successful investors in digital assets can afford to buy a Lamborghini.
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