Following the recent crypto market crash, which has wiped out billions of dollars of investors’ investment. On June 17, Dogecoin co-founder Billy Marcus tweeted that crypto investors should learn from these experiences in order to avoid repeating the same mistake. According to the Dogecoin co-founder Marcus, the collapse of Terra in May was the beginning of the crypto market collapse. The decision of Celsius Network and Three Arrow Capital to pause their services recently resulted in the further downturn of the crypto market. He tweeted:
“Assuming we have a new bull run after this crypto winter, could we all collectively learn from the failings of Celsius, Luna, and 3ac.”
Furthermore, he added that apart from learning from the recent unfortunate events; crypto community members should always listen to the advice of experienced crypto investors when they call out unsafe or risky crypto initiatives. He added that community members should appreciate them for their advice rather than trolling them into silence, as it will only benefit the short-term traders. Marcus added:
“[We should] actually listen to people when they call out systemic risks instead of bullying people into silence because it helps short-term gains.”
assuming we have a new bull run after this crypto winter, could we all collectively learn from the failings of celsius, luna, and 3ac, and y’know, actually listen to people when they call out systemic risks instead of bullying people into silence because it helps short term bags
— Shibetoshi Nakamoto (@BillyM2k) June 16, 2022
Although Marcus admitted that it would be unrealistic to expect every member of the crypto community to learn from the past few weeks’ events for a better understanding of the market. However, he is confident that some people must have taken away valuable lessons from the recent crypto market crash that will enable them to be more vigilant in the future.
Marcus has always been outspoken about what’s going on in the crypto world. The co-creator of Dogecoin recently blamed Terra and Celsius Network for the crypto market’s collapse. Marcus is enraged by the actions of these firms, which have further downturned the crypto market.
i wonder if most people learn after getting burned or if humans are just doomed to repeat the same mistakes forever
cuz this bull run and capitulation has been nearly identical to 2018 which was nearly identical to 2014
— Shibetoshi Nakamoto (@BillyM2k) June 16, 2022
According to Coinmarketcap, Dogecoin (DOGE) is trading at $0.05698 at the time of writing. DOGE is up by 0.37% with a trading volume of $662,392,287 in the last 24 hours.
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