Topic: "Ethereum" founder warns cryptocurrencies ‘could drop to near-zero at any time’ - page 4. (Read 531 times)
February 19, 2018, 08:55:53 AM
Lots of people on social media sites like Facebook are raging against Vitalik due to what he said. But he's actually right. The cryptocurrency could take a nosedive anytime and could take years and years on end to rebound in price. In my opinion what Vitalik said is better than shilling Ethereum for price rises. People on Facebook are saying that Vitalik is spreading FUD; but Vitalik is a very smart guy, and he's just being very realistic.
February 19, 2018, 08:50:16 AM
Virtual currencies are still a newcomer class in the world of assets and could drastically fall at any time, according to the founder of blockchain network Ethereum and the digital currency of the same name, Vitalik Buterin.
“Reminder: cryptocurrencies are still a new and hyper-volatile asset class, and could drop to near-zero at any time,” the entrepreneur tweeted. “Don't put in more money than you can afford to lose.”According to the programmer, people shouldn’t invest into assets which are so highly volatile
“If you're trying to figure out where to store your life savings, traditional assets are still your safest bet,” Buterin added.Digital currencies managed to recover slightly after a massive sell-off earlier this year that washed nearly $100 billion out of the market in a single day. Bitcoin, the world’s number one cryptocurrency, recovered to $11,000 this week after falling below $6,000 earlier in the month. Other digital currencies also rose after posting steep losses last month. Ethereum, the second-largest crypto by market value, was trading at $946, while third-ranked ripple climbed to $1.15
https://www.rt.com/business
“Reminder: cryptocurrencies are still a new and hyper-volatile asset class, and could drop to near-zero at any time,” the entrepreneur tweeted. “Don't put in more money than you can afford to lose.”According to the programmer, people shouldn’t invest into assets which are so highly volatile
“If you're trying to figure out where to store your life savings, traditional assets are still your safest bet,” Buterin added.Digital currencies managed to recover slightly after a massive sell-off earlier this year that washed nearly $100 billion out of the market in a single day. Bitcoin, the world’s number one cryptocurrency, recovered to $11,000 this week after falling below $6,000 earlier in the month. Other digital currencies also rose after posting steep losses last month. Ethereum, the second-largest crypto by market value, was trading at $946, while third-ranked ripple climbed to $1.15
https://www.rt.com/business
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