Props to Vitalik for keeping it real.
And I agree, ETH or BTC at $1 or $10,000 is still an intrinsic success. It's not a success or failure based on some person's trading profits.
That said, I do admit it's easier to keep it real when you're among those who have already cashed in somewhat and have locked in their gains.
Topic: "Ethereum" founder warns cryptocurrencies ‘could drop to near-zero at any time’ - page 3. (Read 522 times)
February 19, 2018, 10:03:28 AM
February 19, 2018, 09:57:27 AM
Most of us are smart enough to realise that volatility is dangerous and you must be careful when investing but many others do not understand this.
Bitcoin $1 to $1000 in 8 years. Looks giant ponzi scheme
A Ponzi scheme is a fraudulent investing scam promising high rates of return with little risk to investors. - investopedia
Sure, bitcoin did actually rise a huge huge percentage from years ago. But this is only due to supply and demand. "Bitcoin" didn't promise any returns as bitcoin isn't a company and there's no sort of primary leader that can make such claims. So your argument is invalid.
February 19, 2018, 09:45:02 AM
Most of us are smart enough to realise that volatility is dangerous and you must be careful when investing but many others do not understand this.
Bitcoin $1 to $1000 in 8 years. Looks giant ponzi scheme
February 19, 2018, 09:41:28 AM
Well even most people here don't like what Vitalik Buterin said that cryptocurrencies could drop near to zero anytime (which is very unlikely to happen with Bitcoin), it is true that we should not invest more money than you can afford to lose because cryptocurrency market are highly volatile. Cryptocurrencies are also not good to use as store of value, this is why we should still use a more stable one for our savings. But I don't think this statements will affect the price of the markets, it is just that people misunderstands and thinks that he means that don't invest in cryptocurrency and not what what he really meant.
February 19, 2018, 09:37:57 AM
Lots of people on social media sites like Facebook are raging against Vitalik due to what he said. But he's actually right. The cryptocurrency could take a nosedive anytime and could take years and years on end to rebound in price. In my opinion what Vitalik said is better than shilling Ethereum for price rises. People on Facebook are saying that Vitalik is spreading FUD; but Vitalik is a very smart guy, and he's just being very realistic.
Vitalik is definitely saying what is true and realistic, Investing in cryptocurrency is not good for everyone who is putting most of his/her assets.
As professionals and experts say, people should invest 10-20 percents oh his FIAT assets.
But we are taking the risk, as all of us know that riskier will have better profit
February 19, 2018, 09:34:04 AM
He's just spreading FUD to buy cheap bitcoins. 
But seriously he's right. But as long as we buLLieve on what cryptocurrencies can do, with the technology behind it we are ok. There are a lot of crypto will surely die but btc, eth and a few will survive.
But seriously he's right. But as long as we buLLieve on what cryptocurrencies can do, with the technology behind it we are ok. There are a lot of crypto will surely die but btc, eth and a few will survive. 
February 19, 2018, 09:32:58 AM
Lots of people on social media sites like Facebook are raging against Vitalik due to what he said. But he's actually right. The cryptocurrency could take a nosedive anytime and could take years and years on end to rebound in price. In my opinion what Vitalik said is better than shilling Ethereum for price rises. People on Facebook are saying that Vitalik is spreading FUD; but Vitalik is a very smart guy, and he's just being very realistic.
Being realistic?I don't know I think he should just shut his mouth and enjoy his new find riches, he is a multi millionaire now, but unlike the creator of Bitcoin, he is well known some of the his quotes are ruining what he has built and the other people around his ethereum.
Not necessarily, but it certainly does play a big factor. Maybe not for ethereum, seeing that most of the devs and people behind are quite probably very well off, but it's not the case for new projects. That being said, I don't think anyone can pin an accurate price on cryptos right now. We just have no actual clue on how well integrated into our current socio-economic status-quo they can be. If at all. I'm convinced they will play a huge role in the future, but it could be also that I'm biased given that I'm heavily invested in them.
February 19, 2018, 09:30:12 AM
I do not see a problem with that statement, in fact I completely agree with it.
There are many ways you can lose coins. It does not even have to be a drop in price, although that is possible as well.
I think he is aware that with the invention of a coin comes some social responsibility. People should not lose money because of his creation.
There are many ways you can lose coins. It does not even have to be a drop in price, although that is possible as well.
I think he is aware that with the invention of a coin comes some social responsibility. People should not lose money because of his creation.
February 19, 2018, 09:29:53 AM
crypto currency is often experienced up and down but will not reach zero so easy. the price of the kropto currency will always be valuable because investors often buy some coins to sell in the future at an expensive price.
the digital currency is recovering as investors start buying bitcoins and hold them until the end of the year as bitcoin prices will rise further by the end of the year.
the digital currency is recovering as investors start buying bitcoins and hold them until the end of the year as bitcoin prices will rise further by the end of the year.
February 19, 2018, 09:27:41 AM
It is nothing strange in the fact that people should be warn regarding cryptocurrency,this is something very risky.We've got used to it already since banks and other financial institutions repeating it day by day.But I agree that it is strange that Buterin say : "people shouldn’t invest into assets which are so highly volatile" and also say that some traditional assets like gold/silver/precious stones is better option for storing life savings.
It seems that after he filled his pockets with fiat thanks to cryptocurrency,he changed his mind and now he is maybe suggests people to sell crypto and invest somewhere else.Maybe he is hunting for some cheap coins or he drank too much vodka this winter
It seems that after he filled his pockets with fiat thanks to cryptocurrency,he changed his mind and now he is maybe suggests people to sell crypto and invest somewhere else.Maybe he is hunting for some cheap coins or he drank too much vodka this winter
February 19, 2018, 09:26:42 AM
Being realistic?I don't know I think he should just shut his mouth and enjoy his new find riches, he is a multi millionaire now, but unlike the creator of Bitcoin, he is well known some of the his quotes are ruining what he has built and the other people around his ethereum.
He's trying to protect crypto for the long term.
The types of people who rush in because they think everything is going to moon are also the types that demand strict regulation when they lose money.
In fact I'm pretty sure that the reason banks stopped allowing bitcoin purchases with credit cards was because they were experiencing chargebacks from people who bought and then the price fell, and they wanted someone else to pay while they kept their coins. That kind of thing gives crypto a bad name.
February 19, 2018, 09:26:33 AM
Yes this is true. The high volatility rate of bitcoin which is caused by its value's speculative nature could be the one to blame. Which might bring about an unprecedented price drop or increase. There is really nothing we could do about it unless we use a cettain material to be a basis for bitcoin's monetary value that would ultimately end the high volatility rate of bitcoin itself and making it more stable than it was before.
February 19, 2018, 09:24:39 AM
Virtual currencies are still a newcomer class in the world of assets and could drastically fall at any time, according to the founder of blockchain network Ethereum and the digital currency of the same name, Vitalik Buterin.
“Reminder: cryptocurrencies are still a new and hyper-volatile asset class, and could drop to near-zero at any time,” the entrepreneur tweeted. “Don't put in more money than you can afford to lose.”
According to the programmer, people shouldn’t invest into assets which are so highly volatile.
“If you're trying to figure out where to store your life savings, traditional assets are still your safest bet,” Buterin added.
Digital currencies managed to recover slightly after a massive sell-off earlier this year that washed nearly $100 billion out of the market in a single day. Bitcoin, the world’s number one cryptocurrency, recovered to $11,000 this week after falling below $6,000 earlier in the month.
Other digital currencies also rose after posting steep losses last month. Ethereum, the second-largest crypto by market value, was trading at $946, while third-ranked ripple climbed to $1.15
https://www.rt.com/business
“Reminder: cryptocurrencies are still a new and hyper-volatile asset class, and could drop to near-zero at any time,” the entrepreneur tweeted. “Don't put in more money than you can afford to lose.”
According to the programmer, people shouldn’t invest into assets which are so highly volatile.
“If you're trying to figure out where to store your life savings, traditional assets are still your safest bet,” Buterin added.
Digital currencies managed to recover slightly after a massive sell-off earlier this year that washed nearly $100 billion out of the market in a single day. Bitcoin, the world’s number one cryptocurrency, recovered to $11,000 this week after falling below $6,000 earlier in the month.
Other digital currencies also rose after posting steep losses last month. Ethereum, the second-largest crypto by market value, was trading at $946, while third-ranked ripple climbed to $1.15
https://www.rt.com/business
Whilst technically it could, it could also rise further more. There are a lot of worthless cryptocurrencies without and tangible business or product, I can see those crashing but at the end of the day, cream always rises to the top.
February 19, 2018, 09:20:16 AM
Virtual currencies are still a newcomer class in the world of assets and could drastically fall at any time, according to the founder of blockchain network Ethereum and the digital currency of the same name, Vitalik Buterin.
“Reminder: cryptocurrencies are still a new and hyper-volatile asset class, and could drop to near-zero at any time,” the entrepreneur tweeted. “Don't put in more money than you can afford to lose.”
According to the programmer, people shouldn’t invest into assets which are so highly volatile.
“If you're trying to figure out where to store your life savings, traditional assets are still your safest bet,” Buterin added.
Digital currencies managed to recover slightly after a massive sell-off earlier this year that washed nearly $100 billion out of the market in a single day. Bitcoin, the world’s number one cryptocurrency, recovered to $11,000 this week after falling below $6,000 earlier in the month.
Other digital currencies also rose after posting steep losses last month. Ethereum, the second-largest crypto by market value, was trading at $946, while third-ranked ripple climbed to $1.15
https://www.rt.com/business
I agree with him. Now there are many currencies in the cryptocurrency market that are worthless, and in the future they will become zero. If investors invest in these encrypted currencies, he may lose a lot of money. “Reminder: cryptocurrencies are still a new and hyper-volatile asset class, and could drop to near-zero at any time,” the entrepreneur tweeted. “Don't put in more money than you can afford to lose.”
According to the programmer, people shouldn’t invest into assets which are so highly volatile.
“If you're trying to figure out where to store your life savings, traditional assets are still your safest bet,” Buterin added.
Digital currencies managed to recover slightly after a massive sell-off earlier this year that washed nearly $100 billion out of the market in a single day. Bitcoin, the world’s number one cryptocurrency, recovered to $11,000 this week after falling below $6,000 earlier in the month.
Other digital currencies also rose after posting steep losses last month. Ethereum, the second-largest crypto by market value, was trading at $946, while third-ranked ripple climbed to $1.15
https://www.rt.com/business
February 19, 2018, 09:09:53 AM
While I agree with what Vitalik has said it is also a fair point that his comments can be damaging to the cryptocurrencies market. Many people will not understand that he is just trying to advise people to be sensible instead of damning cryptocurrencies all together.
Most of us are smart enough to realise that volatility is dangerous and you must be careful when investing but many others do not understand this.
Most of us are smart enough to realise that volatility is dangerous and you must be careful when investing but many others do not understand this.
February 19, 2018, 09:08:06 AM
Lots of people on social media sites like Facebook are raging against Vitalik due to what he said. But he's actually right. The cryptocurrency could take a nosedive anytime and could take years and years on end to rebound in price. In my opinion what Vitalik said is better than shilling Ethereum for price rises. People on Facebook are saying that Vitalik is spreading FUD; but Vitalik is a very smart guy, and he's just being very realistic.
Being realistic?I don't know I think he should just shut his mouth and enjoy his new find riches, he is a multi millionaire now, but unlike the creator of Bitcoin, he is well known some of the his quotes are ruining what he has built and the other people around his ethereum.
Yes, realistic. Because the crypto markets going to near-zero is theoretically possible, but I'm definitely not saying that it will happen.
Shut his mouth? I actually liked his tweet even though a lot of people got angry at him for that tweet. I'm pretty sure that tweet is aimed at people who think that cryptos are going to go up forever "to the moon" and all those childish crap; if anything, it may help people have realistic expectations when it comes to the market, that there is always a risk when talking about investing in general.
And how is his quotes ruining what he built? Whether or not Ethereum is at $750, $950, as high as $10,000 or as low as $50, it's still the same exact product. Price itself isn't an indicator of a coin's/project's success.
February 19, 2018, 09:07:20 AM
Virtual currencies are still a newcomer class in the world of assets and could drastically fall at any time, according to the founder of blockchain network Ethereum and the digital currency of the same name, Vitalik Buterin.
“Reminder: cryptocurrencies are still a new and hyper-volatile asset class, and could drop to near-zero at any time,” the entrepreneur tweeted. “Don't put in more money than you can afford to lose.”
According to the programmer, people shouldn’t invest into assets which are so highly volatile.
“If you're trying to figure out where to store your life savings, traditional assets are still your safest bet,” Buterin added.
Digital currencies managed to recover slightly after a massive sell-off earlier this year that washed nearly $100 billion out of the market in a single day. Bitcoin, the world’s number one cryptocurrency, recovered to $11,000 this week after falling below $6,000 earlier in the month.
Other digital currencies also rose after posting steep losses last month. Ethereum, the second-largest crypto by market value, was trading at $946, while third-ranked ripple climbed to $1.15
https://www.rt.com/business
I agree with him. Most of the cryptocurrencies on the market today are not actually useful, they are air, and they will eventually become zero.“Reminder: cryptocurrencies are still a new and hyper-volatile asset class, and could drop to near-zero at any time,” the entrepreneur tweeted. “Don't put in more money than you can afford to lose.”
According to the programmer, people shouldn’t invest into assets which are so highly volatile.
“If you're trying to figure out where to store your life savings, traditional assets are still your safest bet,” Buterin added.
Digital currencies managed to recover slightly after a massive sell-off earlier this year that washed nearly $100 billion out of the market in a single day. Bitcoin, the world’s number one cryptocurrency, recovered to $11,000 this week after falling below $6,000 earlier in the month.
Other digital currencies also rose after posting steep losses last month. Ethereum, the second-largest crypto by market value, was trading at $946, while third-ranked ripple climbed to $1.15
https://www.rt.com/business
There is only a small fraction of the last cryptocurrency market to survive.So when we invest, we need to make a risk estimate.
February 19, 2018, 09:04:51 AM
“Reminder: cryptocurrencies are still a new and hyper-volatile asset class, and could drop to near-zero at any time,” the entrepreneur tweeted. “Don't put in more money than you can afford to lose.”
“If you're trying to figure out where to store your life savings, traditional assets are still your safest bet,” Buterin added.
I agree 100%. It is doubtful Bitcoin or Ethereum will suffer that kind of fake, but it "could" happen. I think the warning more applies to 1000s of "Useless Ethereum Tokens" that are getting launched. And there is no better advice than "don't put money in that can't afford to lose". I started with 2% of my savings. I won't be happy if this all goes to shit, but I won't be devastated. Crypto is fun. There are hardly any rules, and the rules they do have are largely unenforceable or easily circumvented. It's the Wild West of asset classes. That makes is interesting and very entertaining, but also dangerous.
“If you're trying to figure out where to store your life savings, traditional assets are still your safest bet,” Buterin added.
I agree 100%. It is doubtful Bitcoin or Ethereum will suffer that kind of fake, but it "could" happen. I think the warning more applies to 1000s of "Useless Ethereum Tokens" that are getting launched. And there is no better advice than "don't put money in that can't afford to lose". I started with 2% of my savings. I won't be happy if this all goes to shit, but I won't be devastated. Crypto is fun. There are hardly any rules, and the rules they do have are largely unenforceable or easily circumvented. It's the Wild West of asset classes. That makes is interesting and very entertaining, but also dangerous.
February 19, 2018, 09:02:38 AM
I agree with everything he says, there are 1000s of coins and only a small percent offer true value, it's a new market still when compared to others and it has proven to be volatile.
Now does this mean you should sell up and move on? no, he's not saying that, just invest wisely and don't risk more than you can afford to lose, these rules have always applied and his words change nothing, he's just telling it how it is.
If you sell or panic on news like this just get out of the game already, such emotion doesn't work in this market and your odds of making profit are slim.
Can also say no FUD is good FUD, have to question why he said this as some one in his position should be encouraging growth, while his comments are honest, you have to ask if he has another agenda behind it.
Now does this mean you should sell up and move on? no, he's not saying that, just invest wisely and don't risk more than you can afford to lose, these rules have always applied and his words change nothing, he's just telling it how it is.
If you sell or panic on news like this just get out of the game already, such emotion doesn't work in this market and your odds of making profit are slim.
Being realistic?I don't know I think he should just shut his mouth and enjoy his new find riches, he is a multi millionaire now, but unlike the creator of Bitcoin, he is well known some of the his quotes are ruining what he has built and the other people around his ethereum.
Can also say no FUD is good FUD, have to question why he said this as some one in his position should be encouraging growth, while his comments are honest, you have to ask if he has another agenda behind it.
February 19, 2018, 09:01:40 AM
Lots of people on social media sites like Facebook are raging against Vitalik due to what he said. But he's actually right. The cryptocurrency could take a nosedive anytime and could take years and years on end to rebound in price. In my opinion what Vitalik said is better than shilling Ethereum for price rises. People on Facebook are saying that Vitalik is spreading FUD; but Vitalik is a very smart guy, and he's just being very realistic.
Being realistic?I don't know I think he should just shut his mouth and enjoy his new find riches, he is a multi millionaire now, but unlike the creator of Bitcoin, he is well known some of the his quotes are ruining what he has built and the other people around his ethereum.
Jump to: