Billy Markus, co-founder of Dogecoin (DOGE), said that most crypto investors don’t have a basic understanding of the market. Here are the details…
Criticism of Crypto Investors by Dogecoin Founder
In a series of tweets on May 17, Markus claimed that 70 percent of people in the crypto space have “absolutely no clue” and don’t understand the fundamentals of the market. Markus also pointed out that most investors don’t consider fundamental factors like market research before investing. “I’m not even sure how many of the investors in the crypto space understand the basics of crypto or how the markets work, but I reckon by reading what people are saying at least 70 percent of them have no idea.” said Mark.
cryptocoin.com As we previously reported, Markus explained that 95 percent of cryptocurrency projects are nothing more than “scams and junk” with no real value to offer. He observed that most genuine crypto projects have credibility battles with mainstream investors due to the existence of scams.
Markus also referred to Terra: Stay away!
Markus made statements after the Terra coin crashed and millions of investors lost a significant amount of money. Terra’s founder urged Do Kwon to leave the crypto industry forever. According to Markus, Kwon’s plan to retrieve the crashed coins is to scam more victims. As advice to investors, Markus reiterated the importance of doing fundamental research without falling into the popular online hype surrounding various assets. He also cautioned against emotional investing and emphasized the importance of planned market penetration. After what happened, he stated that “LUNA and UST should be avoided.”
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