ETH Founder Warns Against These Cryptocurrencies: You Lose!

Ethereum co-founder Vitalic Buterine Today, he warned investors to stay away from some crypto projects.

Vitalik Buterin claimed that all cryptocurrencies discussed in a Reddit forum called “Testingtesting62831” are shitcoins. Investing in these cryptocurrencies can lead to investors losing money, according to the ETH founder. Moreover, Buterin advised readers to stay away from such forums.

“BITE and other coins discussed under this heading are shitcoins. They have no cultural or moral values. If you invest in these cryptocurrencies, you will likely lose most of the money you invested in them. I am largely against these projects.”

As Koinfinans.com reported, the term Shitcoin is considered a term used to describe low quality projects. Generally, small investors invest in these shitcoins and hope to make money, but eventually they lose their money.

It is worth noting that Vitalik has sold a large number of so-called shitcoins in the past. Just two days ago, Vitalik Buterin disposed of millions of undervalued meme coins. Converted tokens like MOPS, CULT, SHIK and BITE to Ethereum (ETH). The SHIK price dropped 95.8% after the ETH founder sold the token. Other cryptocurrencies have similarly lost value.

You can follow the current price action here.

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