• Dogecoin (DOGE) founder Billy Markus has revealed his number one rule for investing in crypto assets and his favorite tokens.
• His number one rule is that traders should not put more money into crypto than they’d be willing to see set ablaze in a fire.
• He prefers the major players Bitcoin (BTC) and Ethereum (ETH), as well as Dogecoin, but doesn’t like ERC-20 tokens.
Dogecoin Founder’s Number One Rule
Billy Markus, co-creator of popular meme asset Dogecoin (DOGE), recently shared his number one rule when it comes to investing in digital assets: never put more money into crypto than you’d be willing to see set ablaze in a fire. He believes that this is the best way to protect yourself from any losses due to volatile market conditions.
Markus named his favorite virtual currencies, which include the top two digital assets by market cap: Bitcoin (BTC) and Ethereum (ETH). He also described Dogecoin as „Bitcoin in a dog suit“ and expressed his dislike for ERC-20 tokens, which are assets built on top of ETH.
Warning Against Risky Investments
Earlier this year, Markus warned investors against putting their money into memecoins and non-fungible tokens (NFTs), saying that many of these investments have become too risky. He likened crypto investing to gambling and stressed the need for caution when dealing with new projects or coins.
Current Price of Dogecoin
At the time of writing, Dogecoin is trading for $0.0617, an 8.1% decrease during the last 24 hours.
Overall, Billy Markus‘ advice is sound – investors should always be cautious when dealing with any form of cryptocurrency investment, no matter how seemingly low risk it may appear on paper. By adhering to this „burn it if you lose it“ philosophy, traders can help protect themselves from any potential losses due to unpredictable market conditions or scams within the space.