Ethereum co-founder Vitalik Buterin has shared some sage advice for traders feeling the blues of the crypto bear market: Focus on the tech rather than the price.
The Ethereum co-founder made the recommendation in response to a Dec. 3 post from self-described crypto investor CoinMamba, echoing what many crypto investors are likely feeling at the moment.
After 9 years in crypto I’m kinda exhausted. I want to move on and do something different with my life. Tired of all these scammers and fraudsters..
"After 9 years in crypto I’m kinda exhausted. I want to move on and do something different with my life. Tired of all these scammers and fraudsters," CoinMamba said.
The crypto industry has continued to be bombarded with unsavoury news since the collapse of FTX and the resulting contagion, which recently claimed crypto exchange BlockFi.
BNB Chain-based decentralized finance (DeFi) protocol Ankr recently confirmed it was hit by a multi-million dollar exploit on Dec. 1.
Even before that, hackers had already been responsible for the theft of over $2.98 billion in digital assets in 2022, according to statistics from blockchain security firm PeckShield.
A large chunk was from the Ronin bridge exploit, which resulted in $625 million in crypto assets being pilfered back in March.
However, as a means to combat all the negativity, Buterin suggests moving away from trading / investing “circles” and instead, getting closer to the “tech and application ecosystem.”
"I'd recommend increasing your distance from trading/investing circles, and getting closer to the tech and application ecosystem," he said.
“Learn about ZK-SNARKs, visit a meetup in Latin America, listen to All Core Devs calls and read the notes until you've memorized all the EIPRead more on cointelegraph.com