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Dogecoin co-founder hopes crypto investors to learn some valuable lessons from crypto market crash

On June 17, Billy Marcus, co-founder of Dogecoin, tweeted that he hoped that the recent market collapse would teach crypto investors some valuable lessons.

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.”

 

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.

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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Vaishali Goel
Vaishali Goel
Technology enthusiast, explorer and academic scholar. Currently exploring the crypto world. Join me in my journey to see how crypto, NFT and Metaverse will change the world.
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