Vitalik Buterin, the creator of the world's second most valuable crypto-currency, said on Saturday (17) that digital currencies are still "hyper volatile" and that they can "fall to zero at any moment."
The 24-year-old Russian-Canadian programmer, the founder of the Ethereum currency, comes at a time of high volatility from Bitcoin, the largest and most well-known crypto-currency on the market.
Still according to Buterin, people interested in virtual currencies "should not" invest more than they can afford to lose in this type of asset.
" If you're trying to figure out where to store your life's savings, traditional investments are still your safest bet," he wrote in a "reminder" of his Twitter account.
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.
Earlier this month, Bitcoin fell for the first time below $ 8,000 since November last year. The currency rehearsed a return and rose above $ 10,000 this week. Currently, the currency is priced at $ 10,703. Ethereum, for its part, is priced at $ 967.16.
This is risky though.
ReplyDeleteInvestors should be very careful.
Thanks for sharing.
This is unbelievable! But why is it loosing it values just like that..? What about TBC? The Billion Coins.
ReplyDeleteThanks for the info.
But why this suddenly happened.. This is a very high time to be careful when investing this time around.
ReplyDeleteThey have spoken, those involved in crypto coins should take note of this and be careful and vigilant,
ReplyDelete