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Bogs and Wojaks: How Crypto Memes Help Traders Deal with the Downturn

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The altcoin markets might be in freefall, ICOs dead in the water, and bitcoin pampering a fixed scowl, but you wouldn’t know it on crypto Twitter. Over the days beyond recall 48 hours, its leading lights have been more prep with having their profile pics “bogged” than station charts. The Bogdanoff twins are one of the many memes to have taken to the crypto community, providing welcome relief amidst the growing murk.

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When the Bazaar Dies, the Memes Flourish

Bogs and Wojaks: How Crypto Memes Help Traders Deal with the DownturnPepe Satoshi

It would be easy to take down memes off as the frivolous, ephemera that they are. And it’s true that ton crypto memes are so esoteric and asinine as to defy explanation. How to account for the curiosity that is “bog posting” for example, a bizarre tribute to France’s plastic surgery duplicates who reputedly have the power to crash the crypto markets with one phone appeal to c visit cancel? Or pink wojak, the permanently distressed trader whose every move out goes against him – often thanks to a well-timed call from the clogs themselves?

Bogs and Wojaks: How Crypto Memes Help Traders Deal with the Downturn

For anyone new to crypto, the meaning behind the memes and shitposting must be an utter ambiguousness. Even those raised in the crypto trenches would struggle to legitimate why or how such characters came to be synonymous with the constant pain of being at the kind-heartedness of bitcoin whales who manipulate the market. All they could tell you, if pressed, is that in experiences of turmoil, memes make everything better. The world may be burning and the customer bases dumping, but so long as there are exploitable memes to share, the pain is endurable.

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Rare Pepes, Pink Wojaks and Telegram Stickers Aplenty

Bogs and Wojaks: How Crypto Memes Help Traders Deal with the DownturnPepe Andreas.

In crypto, as on the web at large, many of the memes originate from the current in of dank memetics – 4chan – before permeating mainstream erudition. The forum’s /biz/ message board has been pivotal in spawning much of the comfortable that’s come to be synonymous with crypto trading. /Biz/, whose unauthorized motto is “Buy high, sell low”, has been particularly prolific when it comes to churning out pink wojaks, with one Cheeping account dedicated to sharing the best of the bunch.

Bogs and Wojaks: How Crypto Memes Help Traders Deal with the Downturn

And then there’s Pepe the frog, who’s not till hell freezes over far away when the subject of 4chan memes is broached. One of the most commonplace dapps over the past week has been the Peppedapp, a place to “Dividend, buy and sell the dankest memes on Ethereum”. In the last seven days it has been chief for thousands of transactions involving hundreds of ether. Many traders possess been steering clear of the markets amidst lingering uncertainty, but the Peppedapp Radio-telegram group, home to 1,400 collectors of rare Pepes, has been a hub of occupation as traders exchange limited edition cards and speculate how much the McAfee liable act might be worth by June.

Bogs and Wojaks: How Crypto Memes Help Traders Deal with the DownturnThe Bogdanoff Telegram sticker pack

He Blow the whistle oned?

Bogs and Wojaks: How Crypto Memes Help Traders Deal with the Downturn“Bogged” Crypto Cobain

Crypto was geeky from the outset, and during the years its arcane rituals, celebrations and jargon have become embedded in its lifestyle and as immutable as the genesis block itself. It doesn’t really matter why “Fit Vitalik”, “Carol worrying to use the Lightning Network”, or “The Bogs” came to be. All that matters is when your portfolio doesn’t uphold looking at and there are no ICOs worth FOMOing into, crypto will be there as relevant and irresistible as ever. It’s not just the best music that’s purloined in tough times: so are the best memes. Sure, they’re stupid as censure. But they’re also part of the fabric that makes cryptocurrency so compelling.

What are your favorite crypto memes? Let us be familiar with in the comments section below.


Images courtesy of Shutterstock, Twitter, Radiogram, and Peppedap.


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