The creator of the renowned meme cryptocurrency Dogecoin (CRYPTO: DOGE), Billy Markus, recently shared his top investment principle when it comes digital assets along with his favorite tokens.
In an X post on Thursday, Markus advised traders not to invest more funds in crypto assets than they would be comfortable watching “burn in a fire.”
my #1 rule of crypto is never put more money into it than you’re willing to burn in a fire
— Shibetoshi Nakamoto (@BillyM2k) August 17, 2023
Markus also mentioned his preferred cryptocurrencies, highlighting the top two in market capitalization, Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH).
i like the major players (btc eth) and doge is just bitcoin in a dog suit
i don’t like basically any erc-20 token
— Shibetoshi Nakamoto (@BillyM2k) August 17, 2023
Also Read: As Elon Musk’s X Begins Rolling Out Ad Revenue Sharing — Dogecoin-Co-Creator Says, ‘Money Makes Me Happy’
He additionally characterized Dogecoin as “Bitcoin in a dog suit” while expressing his lack of enthusiasm for ERC-20 tokens, assets constructed on the Ethereum network.
Earlier this month, Markus ridiculed Bitcoin maximalists for their efforts to bring newcomers into the Bitcoin community, accusing them of essentially saying, “Come be a part of our mentally unstable group of insecure individuals!”
At the time of writing, Dogecoin was trading at $0.06357, down by 18 percent in the last seven days.
Now Read: This Analyst Says Dogecoin Could Rally Further Following An Elon Musk-Induced Rally — But There’s A Catch
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Photo: Shutterstock
