The creator of the Ethereum Vitalik Buterin has posted a reminder to all cryptocurrency investors on his Twitter, February 17, warning them about the high volatility of the new, trendy assets and their possible drop to "near-zero," which can happen any time. He urged them to invest only as much as they can afford to lose and recommended all, who seek safe instruments to store life-savings, to invest in more traditional assets, without specifying which ones.
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The Ethereum blockchain network was launched in 2015 and although its main token is called ether, many other cryptocurrencies are based on Ethereum, such as the fan-made TFBCoin or Petro — a Venezuelan government project.
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Serious concerns about cryptocurrencies being another financial bubble started to arise after the sudden rise in value of Bitcoin during 2017, followed by a significant drop at the beginning of 2018, which was predicted by some experts, when it lost half its value. It later restored some of its value, breaking back through the $10,000 psychological barrier.