The 20 Funniest Bitcoin Tweets of 2017
2017 has been an incredible year for the Bitcoin community. Bitcoin finally hit the mainstream, initial coin offerings raised over $4 billion for blockchain startups and cryptocurrencies have become the talk of the town as mass media coverage of bitcoin has become a daily occurrence and bitcoin exchanges are experiencing a surge in new user sign-ups.
The past year, we were also able to witness a fair share of social commentary and humor related to the rise of bitcoin and cryptocurrencies. In this article, you will find the 20 funniest bitcoin tweets of 2017 to put a smile on your face on those days where your crypto portfolio is in the red.
Hot Shot Bitcoin Traders
When the price of bitcoin shot to seemingly astronomic highs in the later part of 2017, more and more newbies entered the market sharing their “wisdom” as well as supposed investment prowess on social media. Naturally, this was followed by a substantial amount of trolling and parody, much to the amusement of Twitter users.
Still Confused About Bitcoin?
Some people still don’t understand how bitcoin actually works and are not afraid to share that with the world.
That also includes some well-known personalities such as U.S. comedian and TV show host Stephen Colbert.
The volatility of bitcoin still makes it somewhat difficult to use the digital currency to make purchases and keep track of the value of your funds at the same time.
However, those who have been investing in bitcoin for a while know that even if bitcoin drops by 30 percent in a day, which bitcoin did half a dozen times in 2017, the price will most likely recover again. And even if it doesn’t, bitcoin investors are very happy with the return on investment bitcoin has generated compared to other asset classes in the past twelve months.
Venezuela’s Plans to Launch National Cryptocurrency
Venezuela’s president’s plan to launch a national cryptocurrency to boost the countries struggling economy quickly became a source of amusement for the Bitcoin community as it is unlikely that this venture can succeed in a mismanaged country like Venezuela.
Early Adopters Reaping the Benefits
Early adopters of bitcoin and other cryptocurrencies have made huge financial gains in the past twelve months. In some cases, this has even led to a past lover magically re-appearing in an early bitcoin user’s life.
Explaining What Bitcoin Is
As bitcoin finally managed to become mainstream in 2017, not many Bitcoin community members still want to explain what bitcoin is and how it works to those who are too lazy to google it.
Bitcoin versus Bitcoin Cash
Perhaps the biggest event for bitcoin in 2017 was the hard fork on August 1, which created the controversial altcoin bitcoin cash (BCH). Leading up to the hard fork there was a lot of heated discussion surrounding bitcoin scalability, bitcoin cash, and the reasons behind the creation of this new altcoin.
The discussion, of course, did not end once bitcoin cash came to be. Instead, they continued in the same heated manner as before as bitcoin maximalists took on bitcoin cash supporters. However, some parties took the high road and resorted to humor instead of personal insults.
The peer-to-peer file sharing network Piratebay was famously one of these parties.
And smart contract inventor Nick Szabo was another.
Furthermore, just to spite prominent and controversial bitcoin cash supporter Roger Ver – who hates the term “bcash” for his new altcoin; many Twitter users have come out to spread the word. Literally.
This list would not be complete without outspoken cybersecurity expert and frequent Twitter user John McAfee. In July, McAfee announced on Twitter that the price of bitcoin would hit $500,000 within three years. He even went as far as to bet that he will eat his own manhood on national television should his price prediction not hold true.
In November, the eccentric entrepreneur doubled his price prediction, stating that he believes bitcoin will hit $1 million and is still willing to bet his manhood.
Remembering What Bitcoin is Really About
While most newcomers to cryptocurrencies are drawn in by the high returns potential of digital assets, there are still those who remember why bitcoin was created in the first place.
2017 was a great year for bitcoin and the entire cryptocurrency community. Not only has the rally in cryptoassets made many community members very wealthy but more importantly we are finally seeing the first decentralized applications, such as EtherDelta and CryptoKitties, and blockchain projects that are moving beyond the proof-of-concept stage.
2018 will hopefully bring more value-adding innovation and real-world applications of cryptocurrencies and blockchain technology. Additionally, it will likely also bring us more bitcoin-related humorous commentary on social media.