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All you need to know about Vitalik Buterin’s one-stop approach to surviving in the crypto market

Vitalik Buterin, co-founder of Ethereum [ETH], recommended weary crypto investors to focus on technology rather than price watching and trading. Buterin shared this advice on Twitter with CoinMamba, a crypto investor who expressed his dissatisfaction with scammers and fraudsters in the cryptocurrency business.

“Learn about ZK-SNARKs, attend a Latin American meetup, listen to All Core Devs calls, and read the notes until you know all the EIP numbers…” Buterin continued.

I’m exhausted after 9 years in crypto. I want to go on with my life and do something different. I’m sick of scammers and fraudsters.
December 3, 2022 — CoinMamba (@coinmamba)

Since the beginning of 2022, the crypto business has been beset by a series of tragedies. The Terra controversy and the FTX exchange failure in May and November, respectively, were significant defeats for the crypto community. FTX declared Chapter 11 bankruptcy earlier this month, and the Terra ecosystem collapsed in early May.

Vitalik Buterin, co-founder of Ethereum [ETH], recommended weary crypto investors to focus on technology rather than price watching and trading. Buterin shared this advice on Twitter with CoinMamba, a crypto investor who expressed his dissatisfaction with scammers and fraudsters in the cryptocurrency business.

Crypto coins focused on technology will triumph. Following the Terra crash in May, the price of Bitcoin [BTC] plummeted by 25%, from over $39,000 to just around $29,000. Its price fell further in the following months before rebounding again to roughly $24,000 in mid-August.

I’m exhausted after 9 years in crypto. I want to go on with my life and do something different. I’m sick of scammers and fraudsters.
December 3, 2022 — CoinMamba (@coinmamba)

“Learn about ZK-SNARKs, attend a Latin American meetup, listen to All Core Devs calls, and read the notes until you know all the EIP numbers…” Buterin continued.

Its price immediately soared from $1,607 to $1,981 in anticipation of the Merge in September. However, after the Merge, the altcoin’s price dropped by 20% to $1,612 in less than a week. Ethereum’s price has been rather erratic, hovering around $1,300. Its price began to rise in November, reaching $1,645 on November 5th. However, when FTX failed, it dropped to $1,100. It was worth $1,297 at the time of publication.

In 2022, the crypto industry experienced numerous hacks. Crypto assets worth $2.98 billion were stolen in 2022 alone, according to crypto security firm PeckSheild. Buterin believes that, while the FTX collapse was tragic, the problem was with the people who invested in specific assets, not with the technology. He also stated that the underlying stability of distributed ledger technology and the technology that powers the crypto asset economy has not been called into question.

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Patrick Huston
Patrick Huston
As a senior editor, Patrick is a professional who is in charge of putting out business news. As a senior editor, Patrick is likely to be in charge of the duties of junior editors and writers, make sure the content is correct and high-quality, and work with other departments to make sure the business news is published on time. Patrick knows a lot about business and the latest market trends. He uses this knowledge to choose and edit stories that are both interesting and useful to readers. He also works with reporters and analysts to come up with insightful pieces that help readers keep up with the latest business news. Patrick is a very important part of keeping the public informed and interested in important business issues. He is passionate about journalism and strives for excellence.
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