Ethereum's creator, Vitalik Buterin, posted on Twitter a warning message to investors in cryptocurrencies, saying that virtual coins are new, extremely volatile assets and could at any point get to zero.
Almost all major cryptocurrencies are on the rise again over the past 24 hours, Bitcoin has risen by 7.85% to $ 10,000 and headed to 11,000, according to coinmarketcap.com, at the time of drafting the material. Ethereum has risen by 3.39% and Ripple with 5.16% after Western Union's largest money transfer service has announced that it is testing the currency.
All this indicates that, at the moment, at least the cryptocurrencies market looks good, growing. However, the creator of the Ethereum blockchain, Vitalik Buterin, posted a warning message on his twitter account on Saturday. The message was a reminder of the risks an investment in cryptocurrencies may pose, especially if the investor can not afford to lose the money invested.
Also, the brain behind Ethereum gives advice saying that if we try to figure out where to store our savings, traditional assets are a better option than cryptocurrencies.
"Reminder: Virtual currencies are still new and hyper-volatile assets and they may get to zero value at any time. Do not invest in them more money than you can afford to lose. If you try to figure out how to keep your living savings, traditional assets are still the safest bet." was the message from the creator of Ethereum.
I myself believe that we shouldn't go all in with cryptocurrencies, but rather invest an amount that we can afford to lose and grow from there. I was lucky to invest in a RIG even if it was in the middle of last year, but I still had recovered my investment at least 6-7 times, I did also some trading and buying back, diversified my portfolio with other coins and of course put the work also here on STEEMIT, Now my portfolio is diversified and it looks like an investment for the future and it doesn't affect my finances too much. Of course, I pay around 100$ for eccentricity, but even so with my old RIG I can still produce more than 200$ a month so that is covered as well. And I can still afford to HODL all my coins and hope for future growth. So, my advice for all of you is the following: