The Dogecoin creator is hoping that crypto investors learn important lessons from the recent market crash.
Following the unfortunate developments that crashed the value of the cryptocurrency market, Billy Marcus, the co-founder of Dogecoin (DOGE), is curious to know whether crypto investors would learn from these events in order to prevent a recurrence.
Marcus Advises Crypto Investors
The Dogecoin co-creator is particularly concerned about the market dip that was ushered in by the collapse of TerraForm Labs’ tokens, Celsius Network, and Three Arrow Capital.
“Assuming we have a new bull run after this crypto winter, could we all collectively learn from the failings of Celsius, Luna, and 3ac,” the outspoken Dogecoin co-creator said.
Aside from learning from the sad developments that have occurred in the past few weeks, Marcus urged members of the cryptocurrency community to always listen to experienced players when they call out risky crypto projects rather than bullying them into silence because doing so helps only short-term traders.
“[We should] actually listen to people when they call out systemic risks instead of bullying people into silence because it helps short term bags,” Marcus added.
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 acknowledged that it would be impossible to expect everyone in the cryptocurrency space to learn from the events of past weeks, he expressed confidence that some people must have learned vital lessons that will help them to be watchful in the future.
most likely but quite a few people should have leveled up this time
— Shibetoshi Nakamoto (@BillyM2k) June 16, 2022
Dogecoin Co-creator Vocal About Crypto Events
Marcus has always been vocal about what is happening in the cryptocurrency industry. The Dogecoin co-creator recently slammed Terra and Celsius Network for causing the collapse of the cryptocurrency market.
Angered by the events that caused the collapse of the cryptocurrency market, Marcus said:
“How much stupid ass shit like Luna and Celsius ready to collapse the entire market is there in crypto anyway?”
Recent Collapse of the Crypto Market
Meanwhile, it is no longer new that Terra suffered a devastating crash that plunged not only the price of tokens but the value of the entire cryptocurrency market.
While the cryptocurrency market was trying to recover from the devastating blow it was dealt from the collapse of the Terra tokens, the Celsius Network and the Three Arrow Capital incidents occurred.
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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