- Vitalik Buterin has recently talked about the baseless predictions made by many analysts and commentators over the past five years.
- He made it clear to be careful when it comes to opinions as it can influence others to potentially lose everything they have in a desperate transaction.
It’s no secret that bitcoin and other crypto assets in the industry have been very controversial since its creation in 2009. Many people believe that they could either go one of two ways: soaring to the skies or plummeting to the ground. We are somewhere in between that’s right now with the coronavirus pandemic sweeping the floor with many traditional stock markets and sending the economy into turmoil.
The co-founder of ETH, Vitalik Buterin, has recently talked about the baseless predictions made by many analysts and crypto commentators over the past five years. He made it clear that it is important to be careful when it comes to opinions on such subjects as it can influence others to potentially lose everything they have in a desperate transaction.
This is why I think digging up over-confident predictions people made 2-5 years ago that turned out horribly wrong and laughing at them is a great custom to have.— vitalik.eth (@VitalikButerin) April 6, 2020
We need at least social incentive to say things that are sane, and we need to be reminded of everyone's fallibility. https://t.co/UDkDLKkypi
In responding to this, the co-founder added on a screenshot of a tweet published by numerous influences on the crypto space.
Price predictions on the crypto space are notorious for turning out very wrong - on both the bull *and* bear side. pic.twitter.com/KkapAAxQBX— vitalik.eth (@VitalikButerin) April 6, 2020
This is why we say it’s always important to do your own research. Please do your own research before putting your money in a cryptocurrency and always remember to trade safe! For more news on this, the ETH price and other crypto updates, keep it with CryptoDaily!