In as much as I dont entirely agreed with him, I think he still has a point there. Majority of the coins are just surviving on hypes and hiding behind the pumps of Bitcoin. They virtually have nothing to offer the crypto space.
The hype with shitcoins are high at first but slowly fading away if the developer already made a big profit. There’s a hate on XRP coin but i think this coin is here to stay and its CEO has a point on saying this one. We have to carefully invest are money and not fall on a shitcoins so we wont lose money, shitcoins will gone if the bull started to heat up. 
Topic: Ripple CEO: As many as 99% of all cryptocurrencies will likely go to zero, (Read 601 times)
November 17, 2019, 06:57:58 PM
November 17, 2019, 06:21:26 PM
1% ? nah.. there will be much more.. maybe 5 to 10 %
but ye thereis a 99% that XRP will not survive
but ye thereis a 99% that XRP will not survive
November 17, 2019, 05:50:25 PM
They have plenty to offer because they have cloned good code that has been proven to work. However some blockchains lack security because the hashing power is available to misdirect their blockchain, some have ways to avoid this but ultimately many of these solutions should have amalgamated. Thats how it would have worked in a normal market, different chains should merge to concentrate a purpose and a user base.
Quote
as those coin has no use to solve any real life problem
They all have some solution to a problem which isnt going away, which is the failure of FIAT paper to maintain value correctly in a modern environment with infinite production of money and political control of markets. There is only one real purpose to crypto which is to re-establish the origins of capitalism, the means of production and value should always lie in the majority with the people. At present every country with a central bank has a different system which is not quite capitalism as the value is determined from the top down, not the people. November 17, 2019, 05:14:22 PM
In as much as I dont entirely agreed with him, I think he still has a point there. Majority of the coins are just surviving on hypes and hiding behind the pumps of Bitcoin. They virtually have nothing to offer the crypto space.
November 17, 2019, 04:46:42 PM
We don't really need a separate crypto for booking movie tickets and another one to book flight tickets! All can be done through one crypto.
Glad you said it because I would have if you hadn't. That's one of the reasons why I won't invest in ico projects, because they all are trying to tokenize solutions to problems where it just doesn't make any sense, and the same thing is true for most new altcoins. A lot of them try to be 'specialty' coins to be used in certain industries, but there's no need for that. Remember RBIES? Reddcoin? Sexcoin? All of them are unnecessary for what their stated purposes are.Ripple's ceo is probably right, because 99% of coins on the market right now serve no real purpose and most of them don't have significant communities supporting them. A lot of them are even dead already, with no blocks being mined and no trading going on. That's where most of them are headed in my opinion.
November 17, 2019, 10:46:17 AM
Ripple CEO believe that the 99% of crypto-currency will go to zero as those coin has no use to solve any real life problem. And some coins have grown just because of hype in the market https://cointelegraph.com/news/ripple-ceo-only-1-of-todays-cryptocurrencies-will-survive .
That's the truth. I don't even have the time for all these altcoins any longer because they are mainly fake. I know for sure that they are not going to be worth anything later on. This time around I only focus on bitcoin and Ethereum and LTC (I don't invest much in ETH and LTC, about 30% or less goes for the two and the remaining for BTC).I might even stop investing in LTC soon, I no longer want to stress myself with all these altcoins because I hardly gain anything from them, more than 90% of what I have achieved in the cryptocurrency community is from Bitcoin and I want to put more focus on it.
November 13, 2019, 02:49:33 PM
Ripple CEO believe that the 99% of crypto-currency will go to zero as those coin has no use to solve any real life problem. And some coins have grown just because of hype in the market https://cointelegraph.com/news/ripple-ceo-only-1-of-todays-cryptocurrencies-will-survive .
Can't agree more. Today we are having a TSUNAMI of cryptocurrencies and majority don't have any solid background and they will surely cease to exists in coming days. We as an investor need to be careful from crypto projects that don't have any real use case.
November 13, 2019, 02:34:41 PM
Almost every coin will have buyers. It can't be that all the coins just go away. Some coins are already disappearing and new ones are coming in their place. And this cycle will continue as long as new coins will not cease to appear.
November 13, 2019, 02:10:27 PM
It depends on the point of view. If you calculate into this prediction all coins that exist then it could be true. But I am sure that atleast 50% of all top 100 coins will survive because the bear market already selected the best coins. I know that new and interesting coins will always come but coins in top 100 have much bigger bundle of money for development.
November 13, 2019, 01:55:58 PM
sounds like very ironic. but on the one hand, Garlinghouse is quite correct. that currently so many projects are appearing, which seem to provide solutions to solve customer problems, but in the end, it all ends with no benefits and prices.
I am pretty sure he said that 99% of crypto will lead to zero, except 1%. well, that 1% could mean including XRP in it or whether Garlinghouse began to lack confidence in the current state of the market. Who knows?
He is being a way too negative here. I do agree with you about the present situation of projects. Indeed the market has more scams than ever but still the percentage is not this high. It is somewhere around eighty percent. These scams are not difficult to avoid if investors support the old ones. I am not sure if his one percent included his own coin but bitcoin is definitely in that one percent. He should be a bit more confident in future of digital coins. I am pretty sure he said that 99% of crypto will lead to zero, except 1%. well, that 1% could mean including XRP in it or whether Garlinghouse began to lack confidence in the current state of the market. Who knows?
November 13, 2019, 01:54:19 PM
There's truth in his thought, but it's hard to prove.
Already many altcoins have become zero and have experienced a price drop of around 90-100%. Altcoin without development and is only used for speculation alone will not be able to survive. All altcoin has the risk of reaching zero price and is no longer valuable. Maybe only Bitcoin and ETH will be very valuable.
I don't agree with the view that just Ethereum and Bitcoin remain valuable. Look at Aliexpress, they created their own coin and accepts it for payment. Or look at Binance, only BNB is accepted in IEOs. As long as these things continue, even if there is no interest in others, they will be compulsory. November 13, 2019, 12:58:14 PM
Ripple CEO believe that the 99% of crypto-currency will go to zero as those coin has no use to solve any real life problem. And some coins have grown just because of hype in the market https://cointelegraph.com/news/ripple-ceo-only-1-of-todays-cryptocurrencies-will-survive .
And this is coming from the CEO of a company that thinks he is exempted from them, ripple should better not keep hopes alive too much, but ripple is not different from those coins too that has no real use case as they themselves has been living on hype and living on manipulation of volume. I don’t believe in the real use case of ripple as they claim, because I don’t see many people use it. If people are really using ripple as much as they claim, I am sure that they would not have even had the time and chance to even be making statement everywhere because all hands will be on desk as a result of too many clients that need to be satisfied. The only projects that I trust to stand in the future as cryptocurrency is still the main two coins that we have.
They are manipulating and underestimating each other so they can gain popularity and they can manipulate the mind of people, such a bad mode, exempting their selves and thinking they are superior over other project. But, at some point, I agree that most of the altcoins price will be at ground and will become at zero. So, better before that happened let's check on which coin we should hold long term.
November 13, 2019, 11:53:24 AM
But what else can the director of XRP say. That's right, almost all altcoins have no good reason to screw cryptocurrency to their products. Even if alts do not disappear how do you think cryptocurrencies will change in the future? It seems to me that large companies will simply crush this sphere under themselves.
November 13, 2019, 09:15:40 AM
Ripple CEO believe that the 99% of crypto-currency will go to zero as those coin has no use to solve any real life problem. And some coins have grown just because of hype in the market https://cointelegraph.com/news/ripple-ceo-only-1-of-todays-cryptocurrencies-will-survive .
And this is coming from the CEO of a company that thinks he is exempted from them, ripple should better not keep hopes alive too much, but ripple is not different from those coins too that has no real use case as they themselves has been living on hype and living on manipulation of volume. I don’t believe in the real use case of ripple as they claim, because I don’t see many people use it. If people are really using ripple as much as they claim, I am sure that they would not have even had the time and chance to even be making statement everywhere because all hands will be on desk as a result of too many clients that need to be satisfied. The only projects that I trust to stand in the future as cryptocurrency is still the main two coins that we have.
November 13, 2019, 02:06:17 AM
Ripple CEO believe that the 99% of crypto-currency will go to zero as those coin has no use to solve any real life problem. And some coins have grown just because of hype in the market https://cointelegraph.com/news/ripple-ceo-only-1-of-todays-cryptocurrencies-will-survive .
And he is right, but it needs a lot of time to filter all that garbage from the market. It very similar with dotcom situation, thousands of them just gone and we can see only giants who solve actual problems of the people, they are: Amazon, Google etc. November 12, 2019, 11:54:32 PM
of course i aggree about it, but,i wonder , how about Ripple it self ?
did Ripple will survive as the time goes ?
i dunno what the point behind that statement, since they(Ripple) seems achieved nothing so far.
"That small number of crypto projects will be game-changing and grow significantly in the decades since they will be focused on solving real problems for real customers"
what ripple do right now about this cases btw ?
They want scare off bag holders of other coins in the market and would want to have them buying the XRP instead of holding those coins besides them. Terrible idea since it would just create more hate for XRP. did Ripple will survive as the time goes ?
i dunno what the point behind that statement, since they(Ripple) seems achieved nothing so far.
"That small number of crypto projects will be game-changing and grow significantly in the decades since they will be focused on solving real problems for real customers"
what ripple do right now about this cases btw ?
November 12, 2019, 08:57:33 PM
Ripple CEO believe that the 99% of crypto-currency will go to zero as those coin has no use to solve any real life problem. And some coins have grown just because of hype in the market https://cointelegraph.com/news/ripple-ceo-only-1-of-todays-cryptocurrencies-will-survive .
I agree that not all crypto will be able to survive because only a few can produce good products and can be adopted in the business world. A project should produce a product and be able to generate revenue for its operations and profit, but in my opinion many projects are seen only as pump and dump projects
November 12, 2019, 08:03:53 PM
His predictions might be true, but I think thats too much confidence from Ripple CEO. Hype and speculation are the reasons why most coins are still alive even without real products and use cases, I think they should start developing something new to survive before judgement day.
November 12, 2019, 07:42:07 PM
I think this is just to make people panic and sold their coins in this way there will be again a loop side and people will dump their coins
this is the same strategy that will not make people make the same mistake again, like dumping , i would suggest he shold focus on their problems
in xrp community since they can't even make a solid comeback on the market, better stick to their issues
this is the same strategy that will not make people make the same mistake again, like dumping , i would suggest he shold focus on their problems
in xrp community since they can't even make a solid comeback on the market, better stick to their issues
exactly had a biggest point that is only an strategy to get up xrp in the market cap, haha sonetime listening news article are not advisable lol😄😄😄 imagine he is the owner of xrp listing altcoins from the top 10 then he make an statement against altcoins. I can't see what is the main reason for that statement they scared people to stop buying some potential altcoins or what? To dump altcoins price and xrp stand strong because of that blaming statement.
November 12, 2019, 07:27:26 PM
of course i aggree about it, but,i wonder , how about Ripple it self ?
did Ripple will survive as the time goes ?
i dunno what the point behind that statement, since they(Ripple) seems achieved nothing so far.
"That small number of crypto projects will be game-changing and grow significantly in the decades since they will be focused on solving real problems for real customers"
what ripple do right now about this cases btw ?
did Ripple will survive as the time goes ?
i dunno what the point behind that statement, since they(Ripple) seems achieved nothing so far.
"That small number of crypto projects will be game-changing and grow significantly in the decades since they will be focused on solving real problems for real customers"
what ripple do right now about this cases btw ?
Jump to: