Ethereum

Dogecoin

Billy

Bitcoin

<p>The carnage in the crypto market and the fall of Bitcoin are forcing investors to reassess their strategies. In this tumultuous context, Dogecoin co-founder Billy Markus, aka Shibetoshi Nakamoto, does not miss an opportunity to share his opinion, always tinged with irony. His latest jab on X (formerly Twitter) targets both Bitcoin and broader societal concerns.</p> 
<h2 id="h-bitcoin-when-irony-masks-disillusionment">Bitcoin: When Irony Masks Disillusionment</h2> 
<p><a href="https://www.cointribune.com/quest-ce-que-dogecoin-doge/" target="_blank" rel="noreferrer noopener">Dogecoin</a> co-founder Billy Markus, aka Shibetoshi Nakamoto on X, recently <strong>commented on Bitcoin’s fall <a href="https://x.com/BillyM2k/status/1828560156931846375" target="_blank" rel="noreferrer noopener">with his characteristic dark humor</a></strong>. As Bitcoin, the leading cryptocurrency, <strong>plunged more than 7%, dropping from $62,170 to $58,630</strong>, Markus shared an article about traders taking profits with a sharp jab:</p>
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<p>“<em>You’re taking profits, really?</em>“</p> 
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     <p lang="en" dir="ltr">you guys are taking profits? <a href="https://t.co/zXGQmhSr0N">pic.twitter.com/zXGQmhSr0N</a></p>— Shibetoshi Nakamoto (@BillyM2k) <a href="https://twitter.com/BillyM2k/status/1828560156931846375?ref_src=twsrc%5Etfw">August 27, 2024</a>
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  Billy Markus mocks Bitcoin traders
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<p>This drop comes after a week in which <strong>Bitcoin had risen over 11%</strong>, nearing $62,000. The reason? <strong>Statements from Jerome Powell</strong>, chairman of the Fed, hinting at a possible interest rate cut.</p> 
<p>In his characteristic style, Markus also tweeted: “<em>You’re not depressed; you just need 10 million dollars.</em>“</p> 
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<p>A thought that sparked a heated debate about the <strong>correlation between wealth and well-being</strong>, while triggering a flood of memes on social media.</p> 
<h2 id="h-a-crypto-market-in-flames-according-to-billy-markus">A Crypto Market in Flames According to Billy Markus</h2> 
<p>Billy Markus, known for his cutting remarks, recently summarized <a href="https://x.com/BillyM2k/status/1808704548304998502" target="_blank" rel="noreferrer noopener">his view of the crypto market</a> in a few words: “<em>Bitcoin, damn!</em>“</p> 
<p>This exclamation, posted as Bitcoin dropped below $59,000 in early July, reflects his disappointment with the market’s volatility. Since Monday, July 1, in fact, <strong>Bitcoin has lost over 8%</strong>, falling to $58,500, a two-month low.</p>  
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<p>Markus, true to his biting style, compares investing in crypto to “<em>throwing money into a bonfire</em>.” A strong image that aptly captures the uncertainty and frustration felt by many investors. Also noteworthy:</p> 
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 <li>2% drop in one week for BTC;</li> 
 <li>Bitcoin price at the time of writing, $59,622;</li> 
 <li>Massive liquidations of long positions amounting to $145 million on Bitcoin and Ethereum.</li> 
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<p>Far from being limited to Bitcoin, <strong>the wave of forced sales is also affecting Ethereum and Solana</strong>.</p>
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<p>As investors flee exchanges, <a href="https://www.cointribune.com/en/why-are-investors-massively-withdrawing-their-bitcoins-from-exchanges/" target="_blank" rel="noreferrer noopener">withdrawing their Bitcoins en masse</a>, it is clear that distrust of cryptos remains at its peak.</p>

Bitcoin Down: The Co-founder Of Dogecoin Mocks Traders

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