Dogecoin

Billy

Secret

<figure> 
 <figcaption>
 Cover image via <a href="https://u.today/">U.Today</a>
 </figcaption> 
</figure>
<a href="https://x.com/BillyM2k/status/1805368672753696987">Billy Markus</a>, also known as Shibetoshi Nakamoto, the co-creator and founder of Dogecoin (DOGE), recently shared his perspective on navigating the notorious turbulence of the crypto market.&nbsp;
Amid the recent eight-day crypto market sell-off that has only just stabilized, Markus advised viewing crypto investments as akin to throwing money into a fire. This mindset, he suggests, makes the market's volatility more tolerable.
The recent market downturn, which had a significant impact on cryptocurrencies, appears to have paused.&nbsp;<a href="https://u.today/rich-dad-poor-dad-author-waits-to-buy-more-bitcoin-rough-times-ahead">Bitcoin's price</a> fell to $58,400, its lowest since early May. The TOTAL index showed a 6% decline in overall crypto market capitalization, translating to a $136 billion outflow. Additionally, over $300 million worth of positions were liquidated within 24 hours.
<blockquote>
 if you view the purchase of cryptocurrency the same way you would view throwing money directly into a raging fire, the ups and downs become a lot more tolerable— Shibetoshi Nakamoto (@BillyM2k) <a href="https://twitter.com/BillyM2k/status/1805368672753696987?ref_src=twsrc%5Etfw">June 24, 2024</a>
</blockquote> 
Despite the humorous and sarcastic tone, the approach offered by Nakamoto may provide a valuable lesson to investors. His suggestion to treat crypto investments with a degree of detachment may help investors manage their expectations and maintain their composure during market fluctuations.
Markus's remarks came at a critical moment, when market sentiment was heavily influenced by fear. The sell-off had reached a peak in negative news of&nbsp;<a href="https://u.today/more-than-140000-btc-from-mtgox-hack-to-be-repaid-market-effect">Mt. Gox</a>, creating an atmosphere of extreme caution among investors. However, after reaching relevant local bottom levels, the subsequent rebound offered a glimmer of hope.
<img alt="&quot;&quot;" data-entity-type="file" data-entity-uuid="482355f7-2298-4c0c-9e55-a8f9d6714e34" src="https://u.today/sites/default/files/inline-images/dogecoin_4.png">DOGE to USD by <a href="https://coinmarketcap.com/currencies/dogecoin/">CoinMarketCap</a>
<a href="https://u.today/dogecoin-doge-skyrockets-186-in-crucial-metric-details">Dogecoin</a>, like many other digital assets, was not immune to the sell-off. Thus, the price of the most popular meme cryptocurrency fell by more than 8%, reaching $0.113. Interestingly, however, the price of&nbsp;<a href="https://u.today/25-million-dogecoin-doge-in-24-hours-is-market-bottom-in">DOGE</a> has not updated the lows set back on June 18, which may signal strong demand.

Dogecoin (DOGE) Creator Reveals Secret to Surviving Crypto Bloodbath

U_Today

25 Haz 2024 tarihli diğer yazılar

EU bans crypto providers supporting Russia’s defence-industrial base

XRP Price: Will Bulls Push The Price Beyond $120 Next Bullish Cycle?

Solana Bulls Strive to Maintain Upward Momentum Amidst Platform Upgrades

Navigating the Metaverse: Bitgert's Role in Virtual Economies

MoonBag Owns The Throne As Top Crypto Presale with $2.9M Raised; Bonk and Dogecoin Fail To Win In...

7 New Cryptocurrencies With High Growth Potential

Güncel kripto para haberleri için ücretsiz bültenimize abone olun!