{"id":479978,"date":"2021-12-28T19:20:06","date_gmt":"2021-12-28T19:20:06","guid":{"rendered":"https:\/\/wncen.com\/?p=479978"},"modified":"2021-12-28T19:20:06","modified_gmt":"2021-12-28T19:20:06","slug":"doge-plunges-9-as-creator-reveals-how-much-he-holds-in-this-cryptocurrency","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/dogecoin\/doge-plunges-9-as-creator-reveals-how-much-he-holds-in-this-cryptocurrency\/","title":{"rendered":"DOGE Plunges 9% As Creator Reveals How Much He Holds In This Cryptocurrency"},"content":{"rendered":"

Billy Markus, creator of popular cryptocurrency Dogecoin (DOGE) has disclosed his holding in this cryptocurrency. Via his Twitter account under the user Shibetoshi Nakamoto, Markus addressed his role on the project and replied to questions made by other users.<\/p>\n

Related Reading | Tesla To Accept Dogecoin For Merchandise, Token Soars 30%<\/a><\/strong><\/p>\n

Markus and Jackson Palmer co-created DOGE back in 2013 as a parody to Bitcoin. Since its inception the cryptocurrency has gained popularity and hence increased its value from well below the $0.010 to an all-time high north of $0.70 providing many earlier supporters of this project, and those that hype in due to Elon Musk\u2019s tweets, with massive gains.<\/a><\/p>\n

DOGE\u2019s surge in 2021, the attention it has received from retail investors, Musk and crypto personalities have made Markus\u2019 twitter account one of the most recognizable and with the most followers. The co-inventor of the Shiba Inu inspired cryptocurrency has had to constantly remind new investors that he is no longer involved with the Dogecoin project.<\/p>\n

As he revealed his DOGE holding, far less that what many would have assumed, Shibetoshi Nakamoto claimed<\/a> the following:<\/p>\n

Yet another reminder: I don\u2019t speak for dogecoin. I am not on the project. I am a community member. I hold about 220k doge. I will defend those who I feel are actively making the space better. I will discourage those who I feel aren\u2019t. I will talk about whatever I want.<\/p><\/blockquote>\n

Markus lives up to the spirit of DOGE, he avoids \u201centitlement\u201d and claims to be all about this crryptocurrency\u2019s community supported by volunteers. Thus, Markus told his followers that he \u201cwill never\u201d go back to coding DOGE, he has been very open on his stance about the crypto industry and related projects:<\/p>\n

(\u2026) working on a crypto project is terrible as I have actually found the more you do for people, the more entitled they get and worse they treat you. I respect the developers a lot for volunteering to do so for all these years.<\/p><\/blockquote>\n

DOGE Advances On The Back Of Its Community?<\/h2>\n

The Dogecoin project is support via the Dogecoin Foundation, brought back on August 16th<\/sup>, 2021, with the help of Elon Musk, and Vitalik Buterin, the inventor of Ethereum. This non-profit organization published a trailmap for DOGE.<\/p>\n

Related Reading |<\/strong> Elon Musk Sells Tesla Shares For $5B. Will He Buy Dogecoin?<\/a><\/strong><\/p>\n

Billy Musk is part of said foundation in the role of \u201ccommunity and memes\u201d advisor alongside Jared Birchall, a representative for Elon Musk, Buterin, and Max Keller a Dogecoin core developer. According to the the trailmap, Dogecoin is bound to receive more use cases and implementations in the future.<\/p>\n

\"Dogecoin
Source: Dogecoin Foundation<\/figcaption><\/figure>\n

In the meantime, DOGE has been correcting in the 24-hours as the general sentiment in the market turns bearish and major cryptocurrencies bleed into critical support. Dogecoin lost its spot in the crypto top 10 by market cap but remains one of the 20 most valuable projects in the crypto space.<\/p>\n

\"Doge
Dogecoin trends to the downside in the 4-hour chart. Source: DOGEUSDT Tradingview<\/a><\/figcaption><\/figure>\n","protected":false},"excerpt":{"rendered":"

Billy Markus, creator of popular cryptocurrency Dogecoin (DOGE) has disclosed his holding in this cryptocurrency. Via his Twitter account under the user Shibetoshi Nakamoto, Markus addressed his role on the project and replied to questions made by other users. Related Reading | Tesla To Accept Dogecoin For Merchandise, Token Soars 30% Markus and Jackson Palmer co-created DOGE back in 2013 as a parody to Bitcoin. Since its inception the cryptocurrency has gained popularity and hence increased its value from well below the $0.010 to an all-time high north of $0.70 providing many earlier supporters of this project, and those that hype in due to Elon Musk\u2019s tweets, with massive gains. DOGE\u2019s surge in 2021, the attention it has received from retail investors, Musk and crypto personalities have made Markus\u2019 twitter account one of the most recognizable and with the most followers. The co-inventor of the Shiba Inu inspired cryptocurrency has had to constantly remind new investors that he is no longer involved with the Dogecoin project. As he revealed his DOGE holding, far less that what many would have assumed, Shibetoshi Nakamoto claimed the following: Yet another reminder: I don\u2019t speak for dogecoin. I am not on the project. I am a community member. I hold about 220k doge. I will defend those who I feel are actively making the space better. I will discourage those who I feel aren\u2019t. I will talk about whatever I want. Markus lives up to the spirit of DOGE, he avoids \u201centitlement\u201d and claims to be all about this crryptocurrency\u2019s community supported by volunteers. Thus, Markus told his followers that he \u201cwill never\u201d go back to coding DOGE, he has been very open on his stance about the crypto industry and related projects: (\u2026) working on a crypto project is terrible as I have actually found the more you do for people, the more entitled they get and worse they treat you. I respect the developers a lot for volunteering to do so for all these years. DOGE Advances On The Back Of Its Community? The Dogecoin project is support via the Dogecoin Foundation, brought back on August 16th, 2021, with the help of Elon Musk, and Vitalik Buterin, the inventor of Ethereum. This non-profit organization published a trailmap for DOGE. Related Reading | Elon Musk Sells Tesla Shares For $5B. Will He Buy Dogecoin? Billy Musk is part of said foundation in the role of \u201ccommunity and memes\u201d advisor alongside Jared Birchall, a representative for Elon Musk, Buterin, and Max Keller a Dogecoin core developer. According to the the trailmap, Dogecoin is bound to receive more use cases and implementations in the future. In the meantime, DOGE has been correcting in the 24-hours as the general sentiment in the market turns bearish and major cryptocurrencies bleed into critical support. Dogecoin lost its spot in the crypto top 10 by market cap but remains one of the 20 most valuable projects in the crypto space.<\/p>\n","protected":false},"author":535,"featured_media":456204,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83685],"tags":[1785,7,79600],"class_list":["post-479978","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dogecoin","tag-doge","tag-dogecoin","tag-dogeusdt"],"acf":[],"yoast_head":"\nDOGE Plunges 9% As Creator Reveals How Much He Holds In Dogecoin<\/title>\n<meta name=\"description\" content=\"Billy Markus, creator of popular cryptocurrency Dogecoin (DOGE) has disclosed his holding in this cryptocurrency.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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Born in 1992 in Venezuela, Reynaldo is familiar with how governments and central banks can negatively affect people, their everyday lives, and their futures by creating inflation and erasing their hopes for a better future. Thus, like many Venezuelans, he embraced this new technology to help him and his family navigate difficult times. In another life, Reynaldo would have pursued a career as an investigator, most likely tracking down the origins of the Cyberpunk movement with the publication of William Gibson\u2019s \u2018Neuromancer.\u2019 The intersection between fiction and reality, with the materialization of Bitcoin in 2009, would have allowed him to dive deep into the crypto sphere as something more than a financial phenomenon but also a cultural shift in society that was brewing since the XX century, and maybe even sooner, in the XIX century with the publication of Henry David Thoreau\u2019s \u2018Civil Disobedience.\u2019 But that\u2019s for another life. 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His journey began with translating articles for various crypto news outlets, a role he took on with zeal. In 2018, amidst a challenging market, he embraced his first writing assignment, demonstrating his unwavering commitment to the nascent industry and the promise of change it bears for many people worldwide. In March 2021, he joined the prestigious crypto news outlet NewsBTC and Bitcoinist, where he not only reported on the latest crypto news but also had the privilege of interviewing some of the industry's most influential figures. A year later, his dedication and hard work were recognized, and he was promoted to Managing Editor, a position he currently holds with pride. He believes in honesty, good communication, hard work, and the power of cryptocurrency and its potential to transform people's lives, especially those alienated by the legacy financial system. Born in 1992 in Venezuela, Reynaldo is familiar with how governments and central banks can negatively affect people, their everyday lives, and their futures by creating inflation and erasing their hopes for a better future. Thus, like many Venezuelans, he embraced this new technology to help him and his family navigate difficult times. In another life, Reynaldo would have pursued a career as an investigator, most likely tracking down the origins of the Cyberpunk movement with the publication of William Gibson\u2019s \u2018Neuromancer.\u2019 The intersection between fiction and reality, with the materialization of Bitcoin in 2009, would have allowed him to dive deep into the crypto sphere as something more than a financial phenomenon but also a cultural shift in society that was brewing since the XX century, and maybe even sooner, in the XIX century with the publication of Henry David Thoreau\u2019s \u2018Civil Disobedience.\u2019 But that\u2019s for another life. In this one, Reynaldo has been trading to improve his trading skills. Since 2023, he has been trying to learn Python to create successful strategies and find ways to execute them. It is a difficult task, which continues to keep him busy today and will most likely continue to keep him busy in the near and long term. In his free time, he enjoys lifting heavy objects, reading, watching movies, and listening to his favorite music. Some of his favorite authors are Walt Whitman, William Faulkner, Allen Ginsberg, James Baldwin, Raymond Carver, Ray Bradbury, George Orwell, Mario Vargas Llosa, Reinaldo Arenas, Rafael Cadenas, and many others. Lately, he has been primarily interested in reading about dystopic societies, a topic that deeply resonates with the crypto industry. Since 2023, he has lived in Spain with his wife. He loves the weather, the food, and the people and their culture. They both expect to travel much more within the country they now call home and beyond its border. He hopes to retire with his wife, maybe in a quiet place near a beach, but most likely in a city close to a library and a university with his kids and, hopefully, grandkids.","sameAs":["https:\/\/www.linkedin.com\/in\/reynaldo-mrquez-2ab111190\/","https:\/\/x.com\/rl_m"],"url":"https:\/\/wncen.com\/author\/reynaldomarquez\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"DOGE Plunges 9% As Creator Reveals How Much He Holds In This Cryptocurrency","url":"http:\/\/wncen.com\/news\/dogecoin\/doge-plunges-9-as-creator-reveals-how-much-he-holds-in-this-cryptocurrency\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/dogecoin\/doge-plunges-9-as-creator-reveals-how-much-he-holds-in-this-cryptocurrency\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/02\/Depositphotos_184640272_s-2019.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/02\/Depositphotos_184640272_s-2019.jpg?fit=999%2C847"},"articleSection":"Dogecoin","author":[{"@type":"Person","name":"Reynaldo Marquez"}],"creator":["Reynaldo Marquez"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["doge","dogecoin","dogeusdt"],"dateCreated":"2021-12-28T19:20:06Z","datePublished":"2021-12-28T19:20:06Z","dateModified":"2021-12-28T19:20:06Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"DOGE Plunges 9% As Creator Reveals How Much He Holds In This Cryptocurrency\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/dogecoin\\\/doge-plunges-9-as-creator-reveals-how-much-he-holds-in-this-cryptocurrency\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/dogecoin\\\/doge-plunges-9-as-creator-reveals-how-much-he-holds-in-this-cryptocurrency\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2021\\\/02\\\/Depositphotos_184640272_s-2019.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2021\\\/02\\\/Depositphotos_184640272_s-2019.jpg?fit=999%2C847\"},\"articleSection\":\"Dogecoin\",\"author\":[{\"@type\":\"Person\",\"name\":\"Reynaldo Marquez\"}],\"creator\":[\"Reynaldo Marquez\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"doge\",\"dogecoin\",\"dogeusdt\"],\"dateCreated\":\"2021-12-28T19:20:06Z\",\"datePublished\":\"2021-12-28T19:20:06Z\",\"dateModified\":\"2021-12-28T19:20:06Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/02\/Depositphotos_184640272_s-2019.jpg?fit=999%2C847","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/479978","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/535"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=479978"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/479978\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/456204"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=479978"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=479978"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=479978"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}