Goldman Sachs famously once said that blockchain could change and disrupt everything, but Dr. Julian Hosp, the co-founder of TenX and author of Cryptocurrencies Simply Explained, went one step further and said more specifically that Ethereum will disrupt everything. He has said that investors should be following this crypto closely as well.
He warns that the majority of internet stocks failed after the dot com crash, and he believes that cryptocurrencies will suffer the same fate. He also believes that investors should get some exposure in the blockchain and cryptocurrency space, and focuses particularly on the Ethereum platform.
Ethereum is different to other cryptocurrencies and has the ability to securely store data transparently and anonymously, which means that it can be used across a number of different markets. That said, what he believes does come with some warnings and guidelines for investors. The upside to investing in Ethereum is absolutely fantastic, yet make a few wrong investments and you could end up losing everything.
Because of this, he has a few simple pieces of advice for investors; firstly, never invest more than you can afford to lose; instead of investing everything in one go, regardless pf how much it is, spread them over a number of different investments – even as many as ten to fifteen. Finally, don’t be disheartened if you do not see anything from your investment right away. A lot of investments take a while to play out, so instead of thinking in the present day, always look at the long term investment potential.
Courtesy: CryptoDaily article by Frankie Crowhurst