Uncertainty and randomness of cryptocurrency
Time to time there is doubt on stability of cryptocurrency. Big investors and business icon suggest to invest in cryptocurrency at a certain limit to which they can bear the loss.
Recently ethereum founder Vitalik Buterin has given advice to cryptocurrency investors. In a tweet he stated that cryptocurrency is Hyper volatile and there their valuation can drop near zero any time in future. He suggest that invest amount which is affordable to lose.
He further said that for the savings of life traditional investment assets are good and safe.
Buterin isn't first person giving such advice about cryptocurrency. Warren Buffett chairman of Berkshire Hathaway say that he could say it "with almost certainty that cryptocurrency will come to a bad ending."
Last year in December, Bitcoin had reached his maximum value $2000 but dropped to $6000 earlier in this month. Now it has value of $10800 according to coinmarketcap.
Ether had fallen at the level of $574 on February 6. Currently it is trading above $880.
So what you think, make comments on this.
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