Dogecoin Creator Says That 70 Percent of Crypto Investors Are Complete Morons – Futurism

Damn, tell us how you really feel! Big Woof

Dogecoin cocreator Billy Markus apparently doesnt think very highly of the people who invest in cryptocurrencies like,well, his.

In a tweet appearing to respond to the precipitous crash of the Terra stablecoin last week, in which the coin meant to be tied to the worth of the US Dollar lost a whopping 97 percent of its worth, Markus said it appears that large swaths of crypto investors dont even understand the fundamental basics of either crypto or how markets work.

I would guess by reading what people say, the 39-year-0ld Dogecoin founder continued, that at least 70percent have absolutely no clue how crypto actually works.

In a follow-up tweet, Markus added some advice to his griping, suggesting that crypto investors do their own research hype YouTube videos are not research,he cautioned and make decisions using common sense.

Have a plan, he added. Dont invest emotionally.

Its pretty good advice. But given that Dogecoin investors and, presumably, its creators got rich only after Elon Musk kinda-sorta plugged their joke coin via memes, italso seems a bit hypocritical.

More on Doge:Elon Musk Explains Why He is Pro Doge, Not Bitcoin

More on the Terra stablecoin crash:Suicidal Posts Spike After Crypto Project Crashes

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Dogecoin Creator Says That 70 Percent of Crypto Investors Are Complete Morons - Futurism