I think it is one reason why that statement alone creates FUD to the newbie and inexperienced investors and traders to think twice about investing in cryptocurrencies. I honestly don't think that it will go to zero anytime because it cannot be stopped.
Not even the banks and government could stop the disruptive technology (even destroying the main core won't help). The blockchain is like a virus that spreads throughout trillions of devices, but it makes sense that he did that for the purpose of not treating it like its life savings for us.
Topic: Eth founder says crypto could go to zero anytime - page 6. (Read 715 times)
Don't you think that it is a tactic so he can buy a very big bag at a cheaper price? Why didn't he already sold all his cryptos?
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
It's not a doom and gloom forecast it's just a realization. Just don't go overboard throwing money at things
Many people have become greedy lately. That's why ICO price often don't make sense. I see some ICO projects are seeking only quick profit. I am glad that Mr Butterin said that, it's good call for us.
This is depend on the fundamental and benefits of that crypto, if that crypto does not have feature and benefits will possible going to be zero because no body buy and interest in it.
The problem of crypto world now, that crypto price depends on news like 90% , and because of this its easy to manipulate billions of crypto and price can go down and up .
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
It's not a doom and gloom forecast it's just a realization. Just don't go overboard throwing money at things
Many people have become greedy lately. That's why ICO price often don't make sense. I see some ICO projects are seeking only quick profit. I am glad that Mr Butterin said that, it's good call for us.
Not only Vitalik Buterin, Many investigations says If its value can increase rapidly, then it may decrease rapidly.
Anytime can go low. Don't worry, Crypto means risk, and if nothing gets taken away, then something can not be achieved.
Anytime can go low. Don't worry, Crypto means risk, and if nothing gets taken away, then something can not be achieved.
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.
I must say the ICOs are getting more and more absurd now.
It really makes no sense for most of the projects to raise above dozens of millions of dollars.
They should go through seed, angel stages before that.
It really makes no sense for most of the projects to raise above dozens of millions of dollars.
They should go through seed, angel stages before that.
That is a wake up call from the co founder of ETH, no one should invest his/her saving in cryptocurrencies and again invest only what you can afford to loose because the cryptocurrency market is very volatile and at that it is unpredictable any thing can happen but in at that taking the risk some times pays off.
A real wake up call and I am happy it is coming from someone like him, knowing the impact he has played in the cryptocurrency space. If there is even anything most investors should know is never to go all in or attempt something they cannot afford to lose. Life generally is full of risks and no one can ascertain what the future holds with the same principle applying to cryptocurrencies. Most people really do not want to play along with the rule of life, but would rather decide to let their greed impulse take over them, which is where the problem starts.
May be he is a little exaggerates but overall he is right, and maybe his words will have an impact for some people, who want invest in crypto.
He is just telling the truth so we need to know that cryptocurrencies are too volatile,it could crash and rise just a matter of hours.He just want to tell most of the people who are investing to cryptocurrencies will all their money could have lose all of their investment which is true because bitcoin is the only reason why our market is still alive,these bankers has planning to destroy our whole community using XRP nad USDT so we need to be vigillant everytime.
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
It's not a doom and gloom forecast it's just a realization. Just don't go overboard throwing money at things
This is just one of the thoughts of Vitalik Buterin. And he is right when he is talking about the necessity to create organize the currency with stable price and maybe with the understandable predictable strategy of development.
I'm exactly agree with his statement about "Don't put in more money than you can afford to lose". A lots of ppl think that they will invest all their money now and will receive 10 times more. But they remain bankrupt in the end and blame the crypto currency.
he have some point but only those failed projects or ICOs will go zero anytime. you just have to remember that to not put all your money in investing so that you won't cry later. investing in crypto is always risky all the time so be responsible to what you will be doing.
Every one could say this...he takes no risk with this...
I say:crypto could go to 0.00000000000001 so I will certainly be right before this great founder.
I say:crypto could go to 0.00000000000001 so I will certainly be right before this great founder.
Vitalik's statements are of course important, but the price of coins is formed by the market, not by the founders.
Buyers and sellers on the exchange determine the price of coins.
Buyers and sellers on the exchange determine the price of coins.
Vita is just realistic and he cool down people that are rushing for big bucks.
We all take some risks, because of good rewarding, even higher than we should, but there is a limit.
Check 3 times, secure 5 times and always doubt.
We all take some risks, because of good rewarding, even higher than we should, but there is a limit.
Check 3 times, secure 5 times and always doubt.
How are traditional assets the safest bet? We live in the most volatile time in history and also it is such a pain to trade stocks and other financial instruments. Crypto is the answer to the maladies of the current system. You just need to do your homework before you invest.
And I agree with you. The platform that is built for having profit/outcome won't last for long enough to even be mentioned.
However, I do not fully agree with this part "It's not a doom and gloom forecast it's just a realization" I would say that BTC can go down to 3-4k in the blink of the eye, thus all cryptocurrency will go down lower than 80% compared with how it is now.
However, I do not fully agree with this part "It's not a doom and gloom forecast it's just a realization" I would say that BTC can go down to 3-4k in the blink of the eye, thus all cryptocurrency will go down lower than 80% compared with how it is now.
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