Ethereum founder Vitalik Buterin.Vitalik Buterin / Twitter
The 24-year-old founder of Ethereum has warned that crypto courses could fall at any time.
He added that no one should invest more than they can afford to lose.
Ethereum is the second most valuable crypto currency.
The founder of Ethereum, the second most valuable crypto currency in the world, has warned that crypto curves “could fall to almost zero anytime.”
For those who are interested in investing, the 24-year Russian-Canadian software and author Vitalik Buterin also proposed: “Do not spend more money than you can lose.”
The alert came via a tweet on Buterin’s account on Saturday.
The complete message is read: “Reminder: Cryptocurrencies is still a new and hyper-volatile asset class and can at any rate drop to almost zero. Do not deposit more money than you can afford to lose. If you try to figure out where to go saving your life savings are traditional assets still your safest bet. “
Reminder: cryptocurrencies are still a new and hyper-volatile asset class, and could drop to near-zero at any time. Don’t put in more money than you can afford to lose. If you’re trying to figure out where to store your life savings, traditional assets are still your safest bet.
— Vitalik Buterin (@VitalikButerin) February 17, 2018
The response to Twitter warning was divided.
Some users suggested Buterin was creating “unnecessary panic.”
Vitalik every one knows that by now. By sending such messages all you do is create unnecessary panic.
— FAB-IT Solutions (@Farbod_Tweet) February 17, 2018
haha, who feared you into that ststement?
sure global equity and bond markets are the way to go
— H I G H E R ⚡ O C T A V E (@KenKlmc2) February 17, 2018
Vitalik my friend are you okay?
— Crypto Capilla (@SrCapilla) February 17, 2018
Some outright disagreed with him…
No…ETH is my safest storage
— Chinh Khac Le (@ChinhKhacLe1) February 17, 2018
I’d rather live with disappointments than regrets, how about that? I lost 3000 is a lot better than I wish I had invested 3000 2Y ago.
— Dario osorio (@Rdarioso) February 17, 2018
How are traditional assets the safest bet? We live in the most volatile time in history and also it is such a pain to trade stocks and other financial instruments. Crypto is the answer to the maladies of the current system. You just need to do your homework before you invest.
— Quintessential Mind (@theQSLmind) February 17, 2018
..And some simply joked that the advice was coming too late.
Too late. Already all in with my life savings. (100$)
— Tragedy K (@TragedyK_) February 17, 2018
Bottom line is Cryptocurrency is not going anywhere!