Ethereum (available on Coinbase) coins could possibly hit $0. The Russian-Canadian founder of the second largest cryptocurrency put out a striking statement to his Twitter (NASDAQ:TWTR) followers two days ago. Vitalik Buterin warned cryptocurrency investors of the market’s still new and highly volatile nature. He expressed his concern with seeing individuals investing more than they can actually afford.
Buterin’s post read:
“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 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.”
The 24-year-old programming genius has spoken. While many have made considerable amounts of money day trading aLTCoins, the danger still remains. There have been many individuals that have hit it big gambling but it doesn’t mean that it isn’t extremely risky. Hopefully, uneducated investors dipping their toes in the cryptocurrency market will heed the founder’s warning.