Most cryptocurrencies heading to $0, Ripple boss says

Zeeks

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Quote from: jayc89 on February 16, 2018, 06:49:59 PM

Quote from: First77 on February 14, 2018, 06:35:19 PM

In time most digital currencies will be worthless, according to the head of the centralized cryptocurrency ripple, Brad Garlinghouse.
The majority of cryptocurrencies can’t be used as transactional currency, and they are being traded like assets, according to the CEO. Ripple and the company behind it are arguably the most criticized digital assets, as the whole idea of bitcoin as the first cryptocurrency was that it should not be regulated.

https://www.rt.com/business

: So the Ripple boss says that his coin is basically going to do the same thing then? His coin is like a ponzi.

It looks even worse when someone put's it in a sentence like that and you read it back, how can people take this seriously Cheesy

Indrawan77

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I think all of us want bitcoin and all crypto not to be regulated, but we dont have any other good option, the government only give two option is either regulate or ban, for now crypto has been used in the wrong way, it is supposed to be used as currency but because it is not stable people prefer to make it as investment

Moana

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It is not clear why Ripple should benefit of a better destiny than the one envisioned by its boss for all the other cryptocurrencies. I think that they all will thrive - or fall - together, since they are all now, with almost no exception, just stores of value in a giant surreal casino.

jayc89

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CryptoTalk.Org - Get Paid for every Post!

Quote from: First77 on February 14, 2018, 06:35:19 PM

In time most digital currencies will be worthless, according to the head of the centralized cryptocurrency ripple, Brad Garlinghouse.
The majority of cryptocurrencies can’t be used as transactional currency, and they are being traded like assets, according to the CEO. Ripple and the company behind it are arguably the most criticized digital assets, as the whole idea of bitcoin as the first cryptocurrency was that it should not be regulated.

https://www.rt.com/business

: So the Ripple boss says that his coin is basically going to do the same thing then? His coin is like a ponzi.

dothebeats

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Ripple boss gives derogatory remarks about other cryptos while boosting his own coin? Seems legit. Personally I wouldn't take his comments as a fact since all they do is market their centralized, pre-mined coin and people kept on buying into this scam for profits. Also, the same guy mentioned that bitcoin would be used heavily for store of value and not payments, but wouldn't that boost bitcoin's price into insane heights?

Quote from: First77 on February 15, 2018, 11:23:56 PM

if one person can make Bitcoin, then 10,000 people can make 10,000 cryptos.

Cryptocurrencies looks self-destructive/suicidal

And on those 10,000 cryptos, how many would get the masses' attention? Probably a handful since people only focus on cryptos worth investing for.

First77

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if one person can make Bitcoin, then 10,000 people can make 10,000 cryptos.

Cryptocurrencies looks self-destructive/suicidal

Ciscopro2000

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He’s all sales and marketing, and trying to draw public’s awareness towards his company and coin. The more outrages the comments, the more media attention it gains for his coin.

First77

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Quote from: European Central Bank on February 15, 2018, 09:14:09 PM

have you ever heard of market caps? 320 billion genuine dollars put into bitcoin would drive the price of one coin into the hundreds of thousands, maybe even millions.

At $1000, the real game for Bitcoin begins.. Look at Silver price from 1980 to 2018

European Central Bank

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Quote from: marjil on February 14, 2018, 06:41:03 PM

Brad Garlinghouse also said that "Bitcoin — which is 1,000 times slower and more expensive than XRP — will still be used as a store of value, similar to the role that gold has played. But it won't be used for payments".

In this scenario, the value of bitcoin will decrease by quite a significant amount, but will not go to zero. This is because the payments aspect of bitcoin is already priced into its valuation. Once we take that out, the price will drop.

ridiculous. a gold alternative would drive the price to genuinely insane heights, far beyond a simple payment method. there's oceans of money swirling around the world looking for a place to go.

hardly anyone is using bitcoin to pay for anything and they never will. even if it could a billion tx per second for free, no one spends something that might be worth more tomorrow.

and why is the 'CEO' being asked about crypto anyway? ripple has nothing to do with genuine cryptocurrencies. but he is right about most losing most or all of their value. almost all of them are nothing more than casino chips.

Quote from: First77 on February 15, 2018, 08:21:25 PM

Quote from: criticoflife on February 15, 2018, 12:40:55 PM

If there is demand for something it has value. A lot of the cryptocurrencies have large communities behind them so i don't see that happening. He has a conflict of interest on this because he would like you to think that most are worth nothing but ripple is more valuable so therefore his opinion isn't valid anyway.

It took $320,000,000,000 to take Bitcoin to $20,000. it has all the signs of $320 billion PONZI

have you ever heard of market caps? 320 billion genuine dollars put into bitcoin would drive the price of one coin into the hundreds of thousands, maybe even millions.

leopard2

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Quote from: First77 on February 14, 2018, 06:35:19 PM

In time most digital currencies will be worthless, according to the head of the centralized cryptocurrency ripple, Brad Garlinghouse.
The majority of cryptocurrencies can’t be used as transactional currency, and they are being traded like assets, according to the CEO. Ripple and the company behind it are arguably the most criticized digital assets, as the whole idea of bitcoin as the first cryptocurrency was that it should not be regulated.

https://www.rt.com/business

Hahaha look who's talking, the maker of the worst pre-mined scamcoin. Grin

But with some luck, XRP can serve as a transactional unit in a side chain or a lightning network, of a real cryptocurrency. No I am joking, it is going to go down hard because blacklisting and asset freezing in XRP is only a matter of time LOL

There is no CEO of Bitcoin who can get subpoenas, but there is a CEO of Ripple, that's why. Wink

He is right of course, in the sense that 1500+ cryptos cannot survive. I think especially the centralized premined ones will be worthless Grin

Garlinghouse said he believes the best way of using cryptocurrency is to “work within the system,” not become an opposition to government regulation and traditional financial institutions.

Blechhhhh, I feel sick now Embarrassed

First77

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Quote from: criticoflife on February 15, 2018, 12:40:55 PM

If there is demand for something it has value. A lot of the cryptocurrencies have large communities behind them so i don't see that happening. He has a conflict of interest on this because he would like you to think that most are worth nothing but ripple is more valuable so therefore his opinion isn't valid anyway.

It took $320,000,000,000 to take Bitcoin to $20,000. it has all the signs of $320 billion PONZI

yudhistira

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Quote from: First77 on February 14, 2018, 06:35:19 PM

In time most digital currencies will be worthless, according to the head of the centralized cryptocurrency ripple, Brad Garlinghouse.
The majority of cryptocurrencies can’t be used as transactional currency, and they are being traded like assets, according to the CEO. Ripple and the company behind it are arguably the most criticized digital assets, as the whole idea of bitcoin as the first cryptocurrency was that it should not be regulated.

https://www.rt.com/business

I think some of what he said is true. Most of the coins are only for trading on the Crypto Stock Exchanges and at some point may become redundant. But I may be wrong.

redhondaxrm125

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Quote from: First77 on February 14, 2018, 06:35:19 PM

In time most digital currencies will be worthless, according to the head of the centralized cryptocurrency ripple, Brad Garlinghouse.
The majority of cryptocurrencies can’t be used as transactional currency, and they are being traded like assets, according to the CEO. Ripple and the company behind it are arguably the most criticized digital assets, as the whole idea of bitcoin as the first cryptocurrency was that it should not be regulated.

https://www.rt.com/business

Well, if we really think about it, it is truly a logical thought. Because if we try to look at what has been happening lately in the crypto world, we can see that this theory is actually happening already little by little. Plus the fact that there really are hundreds of useless altcoins out there, makes anyone think the same also. But, even saying so, I really do not think that this fact will effect the market much in a bad way. In fact, I even think that it'll rather be a good thing since it will be a grrat way to get rid of useless coins that doesn't really have a great purpose.
-justsayin

Washball

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First crypto index traded as a token!

Of course Mr. Ripple wants us to believe that ripple is the best. Wishful thinking. Sure there too many shitcoins that will disappear, however Bitcoin, Ethereum and a few other altcoins will survive and outlive ripple.

tyuner4

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What a claim. I would think that ripple don’t have any value since the banks are using ripple technology, not the coins itself.

Abete

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do not take it too seriously. They are entitled to say anything about this field. and we as lovers of this field just need to respond calmly. because we know the field of cryptocurency is currently in the best position to enjoy.

colvis

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this statement have no effect on the price of bitcoin or any currency, just as bitcoin have believe that the currency should be regulated and it is going to that.

Chrystora123

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Omicron is another FUD

Quote from: nskendrovic on February 15, 2018, 05:39:39 AM

Ripple boss is an idiot and a liar. He has created his centralized coin and wants other coins to go to $0. This will not happen and he is lying to promote his coin.

Stop listening to people like him.

anything he says will not make all Altcoin back to $0
ethereum is also a centralized coin, although Vitalik never responds like this

fusanti4455

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I'm not sure that Ripple also survives as a coin, and whether one of the banks will keep it as a coin, after a trial period, so that Ripple's price goes up every time they make their announcement, and there are some cryptoes that once existed close to zero, probably many never exceed zero, surely this will continue for the future.

JonesMark

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OH YES!!! That's because Ripple itself heading to zero Grin

No seriously, I think Ripple will be valuable over the long term, but we will never see it over $5

Topic: Most cryptocurrencies heading to $0, Ripple boss says (Read 583 times)