These are the infancy of crypto economy,
there is no chance it will go zero because there is a strong base of believers and HODLers.
but it can go really low, and it will,
the shitcoin bubble hasn't burst yet.
but the burst will do only good to the idea itself, just like the burst of dotcom bubble
Topic: Eth founder says crypto could go to zero anytime - page 7. (Read 715 times)
I think Buterin is partial right. At any time, the entire value of Ethereum can be reset suddenly. In the end, there is such a risk of decentralization. According to this, I think that investors must be very careful and prepared for such a event.
Yeah, it is possible that crypto go to zero, but for now, the most probable scenario is that there will be 12 zeros, after "1" of the coin market cap. What I mean is that at the current situation the crypto market will probably go to 1 trillion rather than to go to 0. The prices are jumping once again and from a lot of places I read that the common believe is that the btc will make another race to 20 k...
This is only a speculation and prediction about crypto, everybody knows that we are free to share statement eitheir negative or positive about crypto, although crypto is not actually a legal business and it can be off at anytime if the creator wants to stop the operation. But the momentum of crypto are already in top line business in the world and a lot of investor who actually trust and invested enough capital. So it is impossible that crypto will down to zero value.
What the ETH founder said is true, decentralization never ensures lasting, as long as there are users who want to use it will all get better but there are times when all users go and sell so it will make cryptocurrency worthless.
And I will say, the world will end at anytime, but of course all of us want to believe that the world will last forever right ? Do not worry, at the very beginning we must know that crypto investment is risky after all. The price of any crypto can go down and up at anytime, but we still invest. We do not know how long Bitcoin will recover and get back up again, but we still do trading and hope for the best. It is very normal to be afraid and having some doubts at what we love and what we believe. But that does not mean that it is a bad thing. We can learn from this forum and ask.
This is never a new thing, whatever has a beginning, will surely have an ending. Even lives will one day end. The world might also end at anytime. Therefore, if Vitalik makes this statement, he is only reminding people and everyone of what they already know. Life is all about risk, so risk what you can afford to loose. Whoever wants to make it big should not also be afraid to loose.
What the ETH founder said is true, decentralization never ensures lasting, as long as there are users who want to use it will all get better but there are times when all users go and sell so it will make cryptocurrency worthless.
Its possible. It does not have to be. But the founder of Ethereum is just a honest and realistic guy, who dont want to fleece somebody. Its the same with the stock market. It can crash everything down to 0. You always have to remember that. Cryptos are highly speculative businesses. So if you invest your money, you have no guarantee that you ever will see it again.
it is something like confessing sins. What is the meaning of repeating the things that everybody knows already? Is there anybody who sells their cryptocurrencies because of vitalik's comments? It is totally meaningless..
Yeah I definitely agree with the Eth Founder. He's only being realistic in a very direct way.
It is good that the founders say it (Litecoin's Charlie Lee also) as they curb the passions of the silly investors who dont know better - that is a sign of integrity. But for people who know a bit where to park their capital, it seems that the amrket is still safe as it ever was...
i think Vitalik is trying to justify the fact that Ethereum has been getting dumped hard in the past couple of months and could not recover its price despite all the hype and advertisement they have been doing for it. and each time they pump it again over $1000 it again gets dumped back below it to $800-$900 and no matter how much their pumping team tries they can not achieve the ATH anymore because of the high sell pressure.
he doesn't care about ETH or any other cryptocurrency anyways. i think he has proven that when he became a millionaire overnight and sold some of his premined coins. his involvement and relationship with banks also proves this.
he doesn't care about ETH or any other cryptocurrency anyways. i think he has proven that when he became a millionaire overnight and sold some of his premined coins. his involvement and relationship with banks also proves this.
Very little people are doing crypto because of their believes, they are here for the money.
If the risk are high so are the percentage of profit but also percentage of lose.
He is saying all the stuff we already knew but he is saying it out loud.
IF all this bring us some new era for new technology that's great but to make an omelet you need to brake some eggs, lots and lots of people will lose their money in crypto. Some will lose only small percentage and some will ruin their lives investing all they have.
You know what is called when you put all your money on something and hope to win? Gamble
Just like mentioned above its only possibilities and this comment of ETH founder Vitalik Buterin is not a wakeup call instead a reminder for all.
Lets look FIAT. Fiat is only a printed paper with no value. The government put value on it for you to buy and sell goods and for them to control the inflation and the people spending it. If a world war broke, fiat currency will be useless while gold and bitcoin will become more worthy.
Lets look FIAT. Fiat is only a printed paper with no value. The government put value on it for you to buy and sell goods and for them to control the inflation and the people spending it. If a world war broke, fiat currency will be useless while gold and bitcoin will become more worthy.
We are talking of possibilities here. And Vitalik Buterin is just being true to the real situation. If we talk of possibilities, it covers pretty much everything. It is even possible for the world to end tomorrow. That's the equivalent of Buterin's statement. I hope people will not make something totally different from what the person is really talking about. This might become another source of shallow and unnecessary FUD.
i think Vitalik is trying to justify the fact that Ethereum has been getting dumped hard in the past couple of months and could not recover its price despite all the hype and advertisement they have been doing for it. and each time they pump it again over $1000 it again gets dumped back below it to $800-$900 and no matter how much their pumping team tries they can not achieve the ATH anymore because of the high sell pressure.
he doesn't care about ETH or any other cryptocurrency anyways. i think he has proven that when he became a millionaire overnight and sold some of his premined coins. his involvement and relationship with banks also proves this.
he doesn't care about ETH or any other cryptocurrency anyways. i think he has proven that when he became a millionaire overnight and sold some of his premined coins. his involvement and relationship with banks also proves this.
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.
Vitalik is telling the truth. And in fact, there are many coins that lose its values especially the cam ones. Remember bitconnect? Anytime, someone can dump the coins price, its a reality. But of course, until there is a supply, and when all is dump, theres nothing to drop anymore, but only for the coins to go up. As rule, Invest only the amount that you can afford to lose.
Even if it is true, it is very wrong to say. People are afraid to invest. After these words they will be more scared. Must have a side to defend. It should not always tell the bad side.
Did what he said makes sense, because the current in the cryptocurrency market. is filled with too many greedy mood, most people just want short-term profit from in the cryptocurrency market., and no one pay attention to the real technology development, and most of the ICO project looks more like a scam, then return to 0 is entirely possible.
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
There are so many similar threads with this one try to make a lot of people are miss understanding about what's vitalik said. As far as i understand about its just awareness for those don't need to spend all of their lives in the cryptocurrency just like you are selling your house to trade. It's not a doom and gloom forecast it's just a realization. Just don't go overboard throwing money at things
It may involve a lot of risks. That's the only mean of that words.
Yeah and so could anything else - including the US dollar and price of Gold. Things attain value form their demand from the market and their supply. Many cryptocurrencies have no real utility and SHOULD be worth practically nothing. Others are very innovative and help make the world a better place because of their technology. I think this year we will see a massive separation between "good" tokens/coins and "bad" ones.
Eth is only going to keep rising. BTC will too.
Eth is only going to keep rising. BTC will too.
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