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The founder of popular meme asset Dogecoin (DOGE<\/a>) is revealing his number one rule when it comes to investing in digital assets, as well as his favorite tokens.<\/p>\n In a new thread, DOGE co-creator Billy Markus, also known as Shibetoshi Nakamoto, says<\/a> that traders should not put more money into crypto assets than they\u2019d be willing to see set ablaze in a fire.<\/p>\n \u201cMy #1 rule of crypto is never put more money into it than you\u2019re willing to burn in a fire.\u201d <\/em><\/p>\n Markus goes on to name<\/a> his favorite virtual currencies, which include the top two digital assets by market cap, Bitcoin (BTC<\/a>) and Ethereum (ETH<\/a>). He also described Dogecoin as \u201cBitcoin in a dog suit\u201d and said that he\u2019s not a fan of ERC-20 tokens, assets built on top of ETH.<\/p>\n \u201cI like the major players (BTC, ETH), and Doge is just Bitcoin in a dog suit. I don\u2019t like basically any ERC-20 token.\u201d <\/em><\/p>\n Earlier this year, Markus warned<\/a> investors against investing in memecoins and non-fungible tokens (NFTs), saying that the crypto space has become \u201cstupider\u201d during the last 10 years, likening it to gambling.<\/p>\n Dogecoin is trading for $0.0617 at time of writing, an 8.1% decrease during the last 24 hours.<\/p>\n Don’t Miss a Beat \u2013 Subscribe<\/a> to get email alerts delivered directly to your inbox <\/span><\/em>
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