Do cryptocurrency investors could lose their life savings?

[xtin-tin]

I just saw an article which pretty much alarming.

It says that cryptocurrency investors could lose their life savings ‘at any time’ due to the volatility of the digital money markets, the co-founder of Bitcoin’s closest rival has warned. Vitalik Buterin, the 24-year-old Russian ‘boy genius’ who invented Ethereum, fears that anyone who ploughs their cash into virtual currencies could be ruined in an instant.

 He advised investors to put their money into more old-fashioned assets and make sure they only put in money they can ‘afford to lose’. ‘Cryptocurrencies are still a new and hyper-volatile asset class, and could drop to near-zero at any time,’ he wrote on Twitter.

what are your thoughts about this one?

you can read more of that information in the link news below
http://metro.co.uk/2018/02/19/bitcoin-price-hit-near-zero-co-founder-rival-cryptocurrency-ethereum-warns-7323855/

[bitperson]

That’s screamingly obvious.

[derdgzmn30]

Yup, if they invest all their life savings in cryptocurrency it might could be lose. But on the other side if the cryptocurrencies value goes up, their life savings will be doubled depending on the value that is been raised.

[CryptoJoshua]

I just saw an article which pretty much alarming.

It says that cryptocurrency investors could lose their life savings ‘at any time’ due to the volatility of the digital money markets, the co-founder of Bitcoin’s closest rival has warned. Vitalik Buterin, the 24-year-old Russian ‘boy genius’ who invented Ethereum, fears that anyone who ploughs their cash into virtual currencies could be ruined in an instant.

 He advised investors to put their money into more old-fashioned assets and make sure they only put in money they can ‘afford to lose’. ‘Cryptocurrencies are still a new and hyper-volatile asset class, and could drop to near-zero at any time,’ he wrote on Twitter.

what are your thoughts about this one?

you can read more of that information in the link news below
http://metro.co.uk/2018/02/19/bitcoin-price-hit-near-zero-co-founder-rival-cryptocurrency-ethereum-warns-7323855/

"Invest what you can afford to lose" should always be said when dealing with investments. However, just like everyone else, I feel as though this is extremely obvious.

[AfterTheFork]

Precisely the reason why proper background check and research is encouraged before investing in a digital currency. You go into business because of speculations and hearsay, you might just lose your money, go into business with proper information and with proven currency then your profit chances are high.

[brengoskandel]

very clearly, you can lose all the investment assets you have in bitcoin
therefore, I advise not to be too ambitious. and invest all the money you have in bitcoin
because my friend has suffered a loss, about $ 10,000 is exhausted! because bought altcoin, at that time I had advised not to invest everything but he did not listen to my words
and now he regrets it, this is also a lesson for all of us
do not be too ambitious in investing in bitcoin world, because the risk is very high

[mk4]

Well, it's true because theoretically the cryptocurrency markets could take a nose dive anytime without warning. The trick here is to not be stupid enough to actually invest your life savings in to crypto.

Yup, if they invest all their life savings in cryptocurrency it might could be lose. But on the other side if the cryptocurrencies value goes up, their life savings will be doubled depending on the value that is been raised.

It could double up sure, but it's still not worth risking.

[zafirawijaya03]

That's why we all share information about investments, so everyone is more cautious in deciding to invest, because it does not always invest profitable or lose money, because investment requires speculation, accurate information, and good experience.

[Umkar]

Crypto currency is a completely new type of currency, which humanity did not yet know. This is virtual digital money, the behavior of which has been little studied. Therefore, we are all somehow pioneers in mastering this revolutionary kind of money and it is quite possible that at some point it may lose its significance as a financial asset. Therefore, we should always be prepared for the fact that the rate of a crypto-currency can at some point sharply fall and depreciate or grow well and provide us with material prosperity.

[Jimmy palumbo]

Because cryptocurrency market volatility is too big, so if you use all of his savings into loans or cryptocurrency market, then you may loss all the money, so this is the various countries always prompt people to bitcoin risk is very big.

[ghost424]

Using life savings as a investment in the Cryptocurrency Industry is quite risky. You do not know what will happen next in this Industry but if you trust where you are investing your own money. You might gain profit in the future because of the decisions you make. I suggest not using Life Savings on this Industry and just use the spare or extra money you have so you will be not scared to lose the money you invested.

[First77]

Vitalik Buterin, the 24-year-old Russian ‘boy genius’ who invented Ethereum, fears that anyone who ploughs their cash into virtual currencies could be ruined in an instant.

So why did "Vitalik Buterin" the genius invent crypto currency "Ethereum" ??

[tabas]

It's now making a noise AFAIK it was posted few days ago. Vitalik is right, it can be nearly zero when all of us started to cash out and sell all of our holdings. But I'm not saying its impossible but there is a chance if there are situations that we aren't expecting. But as the cryptocurrency grows, the chance is very low.

[metenjean]

Its obvious and its a normal warning for every investment we've made, if you're gambling with your whole saving account and you lose money while investing in cryptocurrencies then you will probably blame everyone and everything except yourself who invested in the first place. Its volatility and problem with legalism which hasn't been resolved yet made bitcoin more vulnerable to rumor and government law, so its a great advice for everyone who seek an instant fortune because wealthy doesn't come instantly.

[TheGodFather]

I just saw an article which pretty much alarming.

It says that cryptocurrency investors could lose their life savings ‘at any time’ due to the volatility of the digital money markets, the co-founder of Bitcoin’s closest rival has warned. Vitalik Buterin, the 24-year-old Russian ‘boy genius’ who invented Ethereum, fears that anyone who ploughs their cash into virtual currencies could be ruined in an instant.

 He advised investors to put their money into more old-fashioned assets and make sure they only put in money they can ‘afford to lose’. ‘Cryptocurrencies are still a new and hyper-volatile asset class, and could drop to near-zero at any time,’ he wrote on Twitter.

what are your thoughts about this one?

you can read more of that information in the link news below
http://metro.co.uk/2018/02/19/bitcoin-price-hit-near-zero-co-founder-rival-cryptocurrency-ethereum-warns-7323855/

Well, yes if they would invest all of their life savings in bitcoin then we would not sugar coat it and it would be clear as day, they might lose their life savings. But I think that cruptocurrency users whether in bitcoin or in any digital and virtual currency would know that it is not wise to put your money, all of it no matter how brave and confident you are in one basket so that uou might not have that dillema

[Pursuer]

It says that cryptocurrency investors could lose their life savings ‘at any time’

if you go out and ask anybody they will tell you not to invest "all your live savings" in anything. so if some people choose to ignore the most obvious warnings then they deserve to lose it if you ask me! and it is not limited to bitcoin nor limited to cryptocurrencies. it is a general rule of any investment.
if you put all your money in a Stock, you still can lose all your money if that company is bankrupt.

[88jewel]

Investment is a choice based on your assessment of risk and whether you put all your life savings is also a choice that passes your judgement based on your assessment. With proper assessment i don't think it could lose your life savings    

[ss890]

Thats not wrong but thats not true 100%. The crypto currencies are blessed with billions of dollars market and this market cap is not that easy to drop to zero. I can bet on that one. I mean if we are supposed to drop to zero then I am sure that mcap has to go down below the red line. But for this to happen the whole world needs to stop investing into he market and thus there will be only one direction of the trade and that is selling of the crypto currency thus making it obvious that it will gradually drop to zero. However, looking at the current development and tremendous investment opportunity this is not the story that we will see real soon. We will just have all the fun for at least next decade as the developments keep rising day by day.

[recsoninlight]

It could possibly happen or It could not. The price volatility of cryptocurrencies is very unpredictable, one day you're rich one day you're broke. I think the best way, is to invest money that you can afford to lose so that you'll be having no worries if cryptocurrencies price is going down.

[hotcoin1234]

Ya i like his view points,any investment involve will make you rich or strip away your life savings but like what he say you need to manage your own expenses not borrowing money go and "gamble" or "buy" certain products although it has a great potetial of growth. From the crypto movement of last few years we can be certain that crypto is a very volatile instrument to invest in and you should be careful by not over investing due to human GREED