Mishaboar, a renowned Dogecoin (DOGE) developer recently took to X to advise crypto enthusiasts on their investment choices.
Dogecoin Dev on Risk Assessment for Investment
According to Mishaboar, crypto is highly volatile and risky. Hence, he advised his followers and the Dogecoin community members to only take on as much risk as they could handle, especially in terms of loss.
While this simple message has constantly been reiterated by different players in the digital asset industry, the DOGE developer noted that it is often forgotten. Based on this, investors get “burnt” by their investments at the end of the day.
Mishaboar does not think anyone should lose sleep over the amount of crypto that they have invested. In his opinion, any individual who is in such a situation could be overexposed. Furthermore, he described crypto investment as “educated gambling,” citing this as a reason why he hardly brings the topic of crypto investment or price to his X account.
Dear Dogeco
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