Vitalik Buterin warned investors against rash investments into cryptocurrencies
One of the most significant and eminent person crypto – the industries Vitalik Buterin decided to warn investors against excessive investments into cryptocurrencies. He called them a young class of assets which is subject to essential volatility.
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
It not the first warning from Buterin, he specified also earlier that he is disturbed by the excessive desire of representatives of the crypto community in the shortest possible time fantastically to grow rich. It reads that personal enrichment is not the purpose of cryptocurrencies and if people spend the mental capacities for it, then hardly cryptocurrencies will be able to reach something actually significant.
We will remind that several weeks before the Bitcoin Core developer Gregory Maxwell criticized to Vitalik concerning schedulable hard forks of the Ethereum network which will be directed to “rescue” of the stolen assets. Gregory reads that certain representatives shall not have the right to make the decision concerning ramifying of a network. In its judgment, if they have such right, then all system already failed.