Crypto Comment from Dogecoin Co-Founder
Billy Markus, the co-founder of Dogecoin, warned crypto investors. Markus said to be careful about emotional attachment to purchased cryptocurrencies. In a recent tweet, Markus talked about which investment options could be more exciting or scary, and said that cryptocurrencies have both.
While Billy stated that investors should be careful about getting emotionally attached to a cryptocurrency they buy, he also identified the best indicator of this situation. According to Markus, the best moment when investors become overly emotionally attached to a cryptocurrency is when they begin to feel emotional about the speculative price of any cryptocurrency. According to the co-founder of Dogecoin, an investor should act carefully about the decisions he will make from the moment he feels this way about a crypto currency he buys. For those looking for a less exciting and scary investment option than cryptocurrencies, Markus recommended the SPDR S&P 500 ETF trust or deposit investment with high interest rates.
It is known that the co-founder of Dogecoin, who stated many times in the past that he stopped investing in cryptocurrencies immediately after the launch of Dogecoin, did not invest in any crypto money. However, it still continues to hold some cryptocurrencies. Markus shared that he had to sell some of the Ethereums (ETH) he kept in his wallet in order to pay his tax debt in December of 2022 and sold at a loss. According to Markus, investing in cryptocurrencies lately is equivalent to investing in mental patients.
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