Billy Markus, the co-creator of Dogecoin, appears to have low regard for those who invest in cryptocurrencies like his.
“I would guess by reading what people say,” the 39-year-old Dogecoin founder continued, that “at least 70 percent have absolutely no clue” how crypto actually works.
Markus said it appears that large swaths of crypto investors “do not even understand the fundamental basics of either crypto or how markets work” in a tweet seemingly in response to the precipitous crash of the Terra stablecoin last week, in which the coin meant to be tied to the value of the US Dollar lost a whopping 97 percent of its value.
Simple Plan
In a follow-up tweet, Markus added some advice to his griping, suggesting that crypto investors do their own research – “hype YouTube videos are not research,” he cautioned – and make decisions using “common sense.”
It’s pretty good advice. But given that Dogecoin investors – and, presumably, its creators – got rich only after Elon Musk kinda-sorta plugged their joke coin via memes, it also seems a bit hypocritical.
“Have a plan,” he added. “Do not invest emotionally.”
News Summary:
- Dogecoin Creator Claims 70% of Cryptocurrency Investors Are Complete Morons
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