Topic: Crypto Growth Nears Ceiling, Ethereum Co-Founder Buterin Says (Read 496 times)
It's not as negative as the headline makes it sound. But I think if there was to be a large scale collapse of the traditional economy and crypto got mass adoption... then I think more 1000%+ gains are highly likely.
Quote
The days of explosive growth in the blockchain industry have likely come and gone now the average person is aware of its existence, according to Vitalik Buterin, co-founder of Ethereum.
“The blockchain space is getting to the point where there’s a ceiling in sight,” Buterin said in an interview with Bloomberg at an Ethereum and blockchain conference in Hong Kong. “If you talk to the average educated person at this point, they probably have heard of blockchain at least once. There isn’t an opportunity for yet another 1,000-times growth in anything in the space anymore.”
“The blockchain space is getting to the point where there’s a ceiling in sight,” Buterin said in an interview with Bloomberg at an Ethereum and blockchain conference in Hong Kong. “If you talk to the average educated person at this point, they probably have heard of blockchain at least once. There isn’t an opportunity for yet another 1,000-times growth in anything in the space anymore.”
Source: https://www.bloomberg.com/news/articles/2018-09-08/crypto-growth-nears-ceiling-ethereum-co-founder-buterin-says
Does this mean that future investment in crypto will be unprofitable, and will the bull market no longer exist? What do you think?
You don't know that SiaCashCoin on Mercatox in 1 day can go up 100%, maybe many NEWS can raise the coin price.
PS: IN ONE DAY
September 14, 2018, 06:50:10 AM
I have never believed in the words of experts. They like to run the market. I think encryption will usher in this change. Can change the current lifestyle. Looking forward to the arrival of the Blockchain era.
September 14, 2018, 06:44:52 AM
If we think that investment in crypto is unprofitable it is totally wrong, it is always profitable and will be. The usability is increasing. The development in crypto is also positive . So we can invest in crypto with confidence.
September 13, 2018, 06:59:42 PM
I do not trust the words or Buterin and neither do i reckon with them. I still believe ethereum would rise and still rise beyond $1000. This is cryptocurrency, Buterin is nit the one trading them, so he cannot predict what would happen.
September 13, 2018, 06:12:51 PM
From directly to the conclusion of the year will be genuinely worth holding up for the improvement. I’m going have perseverance and observe what is happening. Expect considering won’t understand anything. In spite of the fact that i accept more news will come. Hoping that will be worth waiting.
September 13, 2018, 06:12:06 PM
Vitalik is an expert on his field of expertise but he is not an expert for the crypto market. He had several questionable
statements earlier this year as well. I take it as one of the opinions and nothing more.
statements earlier this year as well. I take it as one of the opinions and nothing more.
September 13, 2018, 06:11:57 PM
Quote
The days of explosive growth in the blockchain industry have likely come and gone now the average person is aware of its existence, according to Vitalik Buterin, co-founder of Ethereum.
“The blockchain space is getting to the point where there’s a ceiling in sight,” Buterin said in an interview with Bloomberg at an Ethereum and blockchain conference in Hong Kong. “If you talk to the average educated person at this point, they probably have heard of blockchain at least once. There isn’t an opportunity for yet another 1,000-times growth in anything in the space anymore.”
“The blockchain space is getting to the point where there’s a ceiling in sight,” Buterin said in an interview with Bloomberg at an Ethereum and blockchain conference in Hong Kong. “If you talk to the average educated person at this point, they probably have heard of blockchain at least once. There isn’t an opportunity for yet another 1,000-times growth in anything in the space anymore.”
Source: https://www.bloomberg.com/news/articles/2018-09-08/crypto-growth-nears-ceiling-ethereum-co-founder-buterin-says
Does this mean that future investment in crypto will be unprofitable, and will the bull market no longer exist? What do you think?
I don't think so this is an evolving technology and there is always a room for improvement, adoption, and growth, there will always going to be a new project that will be adopted by the community using any cryptocurrency algorithm in the market, there's still a lot of ICO in the market and we are in the bear market.
September 13, 2018, 06:06:18 PM
Things are still holding up for us within the front that we don’t know of. From presently to the conclusion of the year will be truly worth holding up for the development. I’m going have persistence and watch what is happening. Intemperate considering won’t fathom anything. Though i believe more news will come.
September 13, 2018, 05:55:58 PM
Things are still waiting for us in the front that we don’t know of. From now to the end of the year will be really worth waiting for the growth. I’m going have patience and observe what is happening. Excessive thinking won’t solve anything.
September 13, 2018, 05:47:07 PM
It may be depends on what token we're talking about. Blockchain technology is the best technology in this modern world and cryptocurrency is a profitable investment so cryptocurrency will exist and bull market will exist in cryptocurrency.
September 13, 2018, 05:41:19 PM
There will always be profit in cryptocurrency till the world ends because I don't see it crashing in any time till the world itself crash so all those words are just what to say when you have no solution to the problem to what you created yourself, but have it in mind that there are more projects to come or even existing and ready to do what he seems as a no where solution.
September 13, 2018, 05:34:01 PM
Although it depends on what token we're talking about here. Because some coins are more profitable than others and some are existing but not paying huge benefit. And beside this I believe that cryptocurrency will exist and bull market will exist in cryptocurrency.
September 13, 2018, 05:26:49 PM
I never think that the Existence of Crypto and the bull market will no longer end. It will survive and maintain as the new trend of blockchain technology with its own advantages. Blockchain technology used by Crypto because its principle that is decentralized and transparent. It is comfort with the world improvement that the world comes to digital and computer. Crypto will be always worth.
September 13, 2018, 05:18:12 PM
Although we can't make any assumptions perfectly and the negative words are more scarred in our minds. And I think that cryptocurrency will always exist and bull rull also.
September 13, 2018, 04:46:01 PM
I believe the bull is definitely come but not this month. It will come the mid of the next month. I am not sure about this but I have some primary research that why I can tell this.
September 13, 2018, 01:52:16 PM
I think his statment is immature and unrealistic, crypto has a deflationary model that means constant growth and demand overtime resulting in growth in value, so he is false if he said there will not be further growth, i think Vitalik has lost his mind and i think he needs to keep his mouth shut because he often speaks fud and nothing else.
September 13, 2018, 01:49:11 PM
It is very strange to hear about the investment that it will not be profitable. It's just that it will become more difficult to invest against the background of a heap of new projects and constant competition in the world of crypto-currencies
September 13, 2018, 01:40:17 PM
I dont understand the statement at all, I mean I need someone to correct me if I am wrong! If he says that the average person also knows or heard about the crypto currency then isn't it is good thing about it and thus will push the crypto currencies to all new highest? I mean people will be buying it more and more and thus demand will be higher than the supply leading to high cost per coin!! This is what should be the scenario but I dont think Vitalik is talking about it right at all. I am not sure if he have made the right statement or may be im not getting the technical stuff right here!
Jump to: