The first sign of the bear market in crypto, which could be considered quite unusual and ironic

The creator of the most popular memecoin, Dogecoin, in the crypto industry – Billy Markus – shared with his Twitter subscribers the first sign of a bear market in crypto, which can be considered quite unusual and ironic

Memecoin creator has his own “indicator” for determining bear market

This widely-known phrase tends to pop up in the crypto space after almost any major correction. Long-term investors and traders who end up with deep losses tend to justify holding their long unprofitable positions by saying that their analysis is based on the fundamental value of their positions. projects they have invested in.

The Dogecoin creator then reacted to the popular meme with famous American politician Bernie Sanders. The meme shows a large red candle reflecting a large drop in the market and the phrase “I am once again in for the tech.”

The first spread of the famous phrase took place in 2018 when Bitcoin and other cryptocurrencies lost up to 80% of their value due to a “bubble pop,” as many experts call a correction. Many investors have been left with token holdings of companies that have left the market and to justify their investment, inexperienced crypto enthusiasts have mentioned ” technology” behind the companies they invest in.

The developer of the most famous meme token on the market previously mocked the Web3 technology by claiming that the “Web3 people” people are in the industry just to make money without exchanging any valuable goods for it.

Previously, he joined Elon Musk in roasting emerging technology by pointing out its lack of usability and effectiveness in the modern internet age.

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