Topic: Eth founder says crypto could go to zero anytime - page 5. (Read 715 times)
There are alot of ICOs that evolve around the idea that crypto (altcoins) will be used by the majority of the population. This will never ever happen. The price of some ICOs are so inflated that its scary to watch. I dont mind an altcoin crash at all. It would just pour more money into btc.
I think this is unlikely. Market capitalization is too large, not easy to lose all when there are still many investors believe in cryptocurrency.
Yes you are right if you do analysis fundamental of cryptocurrencies based on the capitalization of cryptocurrencies on coinmarketcap.com but however cryptocurrencies are still new in the world, it is not like stocks that be supported by government of the countries, cryptocurrencies are still beta testing in the world, this industry less than 20 years and there are no guarantee will be survive in the future. 
Well it all depends on where we park our funds. I primarily like to invest in businesses that are showing promise and have a chance of success. I do not like to just invest in the next hyped up coin or token. Does the business model look good for investors? Does it have a good team whereby I can have confidence in them? Is the product or service disruptive enough or beneficial to the world community at large so it solves a big problem? Are the returns on my investment going to be decent over a medium to long term period of time? These are the things I am looking for so I invest in businesses, more than just the tokens.
Sure, if you do some proper diligence on most of the coins you are holding, you should at least be able to minimize the risk. However, minimizing the risk does not mean the risk is still not there. The most important thing according to what Vitalik said, is to always have it at the back of our mind that this is still a highly volatile market with a lot still in play which can make anyone who is not careful lose a lot of their funds, most especially those who buy into FOMOs out of greed.
I think that's not a reason to sell all altcoins and Ethereum!This is just an assumption, the participants themselves regulate prices! Blockchain is not going anywhere!All can ruin the state if they do ban,and so it will continue!
I believe this is a great advice coming from cryptocurrency expert and a way of advertising eth at the same time.
yes of course , crypto currency are a very high risk investment , they can lose value at any time , if you are affraid to lose money , traditional assets are the best investment for you
Of course, that's can happen but I don't think a project that's already so big such as bitcoin.eth almost impossible to drop that's far. There will be some dips along the way though
I think this is unlikely. Market capitalization is too large, not easy to lose all when there are still many investors believe in cryptocurrency.
I think that's just him being safe, of course, any crypto could go to zero any time.
Hope this won't be the case though.
Hope this won't be the case though.
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I am afraid that what he said is true because we can see that from the beginning, the price is too volatile and this could make people too afraid and worry about investing their money in crypto. besides that, until now, there are only a few countries that accepting crypto as a new technology and new way to make money and I think this could be each of the government is not yet finish to learn about the crypto. in crypto itself, there are any group or people which makes the price is up and down and I see there is much news that makes the crypto is a bad thing and people should not invest in crypto. but I hope that I am wrong and personally, I still support the crypto because this is a new way for us, for people to have a new way to earn income and earn money.
I do not know what he meant. Perhaps this is a warning that you can not invest in cryptocurrency all in. Or he seems to be reduced of responsibility for the fact that Ethereum can not exceed 900 dollars now a days. But such huge statements from the founder of one of the largest platforms is simply horror. He does not believe in his work? I do not understand.
He is right tho, crypto is highly fragile, its because everything is connected to bitcoin, and when it falls, alts fall as well, when it rises, alts lose the value, its not a good thing for the market obv, and we need to have something much more stable to have a chance into making a crypto era
It's too early for the cryptocurrency market to die, not yet time, I think we have a couple of years , and there already time will show
The words zero value in crypto is a bad thing that people worried and many people closely prayed that it will not happen soon. It is only the management can decide and make a direct decision on what being to do, to avoid crypto business will come into zero value. I know many people trust the capability of the management on how to handle any bad things that come in crypto business. And hopefully the negative spectations about crypto value will not truly happen.
I dont see anything wrong about what his statement because it is the truth which we need to accept,the market volatility of cryptocurrencies is very high and it could rise and fall all of a sudden,few hours and it can recover from any market crash,theres nothing to worry about we have been here for a long time and we will survive anything that would happen to bitcoin's price.Im sure that the big players wont allow bitcoin to fall down easily.
Anything could go to zero sum. In actual fact, fiat has gone to zeri many times n history but the Governmenr keep printing more money and keep creating more debt for you and me and our generations unborn. What ethereum founder is saying should be put in perspective not unneccesarily creating FUD out of it!
yes of course because the movement of the currency crypto very volatile and significant, because that is to choose altcoin to be invested must be seen with truth because if we wrong to choose it we could lose a lot of money. and altcoin itself must have a high shareholding by the project so that the prices listed do not drop drastically.
https://www.google.com/amp/s/www.cnbc.com/amp/2018/02/19/ethereum-creator-vitalik-buterin-warns-about-cryptocurrency-investment.html
It's not a doom and gloom forecast it's just a realization. Just don't go overboard throwing money at things
Very realistic with his statements. Obviously, it is becoming obvious the level at which people are beginning to see cryptocurrency as a get rich quick scheme and forgetting the main essence for which most of these coins or tokens should be existing. Most investors usually do not even end up doing a proper investigation on an asset before investing and some may even decide to go all in. It's not a doom and gloom forecast it's just a realization. Just don't go overboard throwing money at things
The crypto space is still very risky and like he said, volatile, so, going down to zero for some, is not something that should not be expected.
His discussion is not a new one, nor is it a discovery that emerged during the crypto hystory alone. So, Vitalik haven't told me a thing I don't know.
Yes its true , any thing could happen to crypto its the most volatile investment at all time. Maybe upon investing at crypto we should check well the white paper, team , community and the potential of the coin. And dont throw all your funds on crypto maybe you should try also stockmarket and own a business too. We should diversify our income and play well, and play safe our money and dont stress too much in crypto. Crypto is dangerous investment but the fastest way to get rich if you play smart.
I am worried about this. the fluctuations are disturbing in the meantime.
but I have been following it for about 6 months and can not be said to be very stable for shan. see bitcoin prices.
but I have been following it for about 6 months and can not be said to be very stable for shan. see bitcoin prices.
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