Very possible. Especially with the cooldown in the ICO market.
We're already seeing many projects from the previous eras of ICO pumps die down significantly to a fraction of their values. And there is generally a lack of on chain activity to the majority of these projects already.
Just think in ten years time what would happen to these already dead chains. This is not a bold claim.
Topic: Ripple CEO: As many as 99% of all cryptocurrencies will likely go to zero, - page 2. (Read 657 times)
November 12, 2019, 04:27:13 PM
November 12, 2019, 04:26:02 PM
99% is an overestimation in my opinion. One could argue only 1% of crypto will eventually have a real world use, but as we have seen, speculation tends to be the main aspect of crypto. And I don't think that will change anytime soon. So although many coins may die, I think this conversation will go on for a while yet ... years from now there may be less coins, but I don't think as many will go to zero as some think.
Even with coins that has usecase could still go to zero, too many tokens/altcoins doing the same thing with not even providing something new. People are in it for the money, the coins that do not generate any hype or marketing will go zero because people would ignore it and go for the one that genereates noise. 
November 12, 2019, 04:08:58 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 absolutely agree with him. Today's market is established on HYIP. IEOs offered in big exchanges, the value that any coin gains from listing in the big exchange is not its real value. There are valuable projects that can be useful that are below their value, and the majority do not even know its name because it does not generate any profit. The main usefulness of today's cryptocurrency market is to provide a profits. 
November 12, 2019, 01:31:08 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 .
In as much as he said the truth but I don't believe that number will really amount to 99%. Yes many coins are just useless, while a majority are just a copy of other as well as based on hype but there are still many coins out there trying their best to remain relevant in this space. All I have to say is, with time many projects or coins will die off maybe 80-85% but not 99% while those with real world uses will continue to gain limelight.
November 12, 2019, 01:17:08 PM
99% is an overestimation in my opinion. One could argue only 1% of crypto will eventually have a real world use, but as we have seen, speculation tends to be the main aspect of crypto. And I don't think that will change anytime soon. So although many coins may die, I think this conversation will go on for a while yet ... years from now there may be less coins, but I don't think as many will go to zero as some think.
November 12, 2019, 01:07:19 PM
XRP sucks as a coin and will be one of those that fail. Mr.CEO should first look at the market value of XRP and how it's been tanking for 2 years straight.
Despite all the tanking it did, it still is the nr 3 coin in terms of market cap, while if we go by the total number of XRP in circulation, XRP is number 2 in terms of market cap.... not bad at all for a coin that sucks, right?Overall, the crypto market as a whole has been tanking for two years straight if we measure coins by all time high versus the price today, which obviously also applies to Bitcoin that currently is hovering 56% below its all time high.
I always like to compare and that is why IMO XRP sucks so much. BTC has been in a bear market but we can see signs of reversal. It peaked at 20k USD fell below 4k and is now holding around 9k.
XRP at the same time peaked at 2.3 USD, dropped to 0.23and is now at 0.25 so when BTC is at 56% XRP is not even at 15 and isn't showing signs of reversal because dropping by over 90% and then bouncing back above 90 is not a reversal in my eyes. It's like when XRP could go back up with BTC there were rumors of Libra and it tanked again.
legendary
Activity: 2716
Merit: 1102
Leading Crypto Sports Betting & Casino Platform
November 12, 2019, 11:04:57 AM
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?
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 12, 2019, 10:50:49 AM
Well i agree with that 99 percent of altcoin will have no value in future since most of them are made for pump and dump making it the coin useless only the hype makes the coin survive but it depends on how the market will move and if the hype is over the holder will sell it eventually and no more potential investors to buy their coin.
Even the hardfork of certain coin amounts thousands if accumulated. The statement might be true but its still too early for that conclusion. If we are talking about the fact that majority of coin will lose its value its like stating the obvious because even majority of stocks fails and turn to useless paper anyway. What can make crypto keep its value for long or even raise it high is the mass adoption and that is the only way.
November 12, 2019, 10:31:38 AM
I hope that XRP will go to zero because centralised coins have nothing to do with crypto. But unfortunately, this guy is right, only a small percentage of crypto currencies have a real use case and are based on something that generates profit.
November 12, 2019, 10:23:52 AM
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.
November 12, 2019, 09:48:55 AM
Well Sounds ironic and hurt, Without any argument, I agree with his statement. Without the use case in the real world it seems cryptocurrencies dying. Only gambling All this time has been able to make cryptocurrencies survive. And because most altcoin projects are stalled not really in accordance with the ecosystem, making the price fall and can't get up again.
November 12, 2019, 09:41:10 AM
Although the centralized cryptocurrencies have more possibility to hit the zero price, it is very ironic to see this kind of statement from the RIPple CEO. The lack of working product and the useless team have destroyed the crypto ecosystem and harmful toxic spread among the promising projects, unfortunately. There is no chance to see the XRP in the top 50 altcoins list on CMC if they don't adopt the decentralized system.
November 12, 2019, 09:35:32 AM
why xrp can survive?
Ironically, as per information from that article, Ripple's CEO didn't categorically state that XRP will survive the crypto onslaught as forecasted by him which suggest the idea that they aren't really sure and confident enough to assert that Ripple will remain standing once the crypto purge started!
Sounds quite alarming!
November 12, 2019, 08:58:57 AM
Quite right, this process has already begun long time ago and will constantly work, because how many altcoins have ceased to exist and this is only the beginning, so in the future more altcoins will die, because most altcoins were created without a good product and technologies.
November 12, 2019, 05:00:03 AM
How can a CEO of it's own coin said that? His statement was a proof that even their coin XRP seems being useless in the future. If 99% will fail and going to zero, what's the sense of making them in the first place? Though Bitcoin is still strong together with some altcoins like eth, but how about those altcoins that are left behind and doesn't have use at all in crypto? They probably going to zero value.
November 12, 2019, 03:55:21 AM
Well, let's say that most of the coins/tokens released in the markets fail like it doesn't even exist. As for this CEO of an altcoin to release such kind of statement, I'm starting to doubt this XRP coin which happens to be an altcoin that also comes in the market. Yes, it stays but until when? If he thinks this way (although he has a point) still there are also chances that his coin can also be one of these 99% cryptocurrencies to leave the market, may not be now but soon.
November 12, 2019, 02:53:59 AM
Maybe i will say yes, but depends on how many percent. Because a lot of altcoins, not only new projects but we can see a lot of old altcoins already dead, not listed in everywhere and only many which still survived in market. Although there are a lot of tokens minted every new project come, if can't listed in exchange it can be dead coin too. So only in matter of time, maybe only a few altcoin left in market.
November 12, 2019, 02:45:45 AM
Well i agree with that 99 percent of altcoin will have no value in future since most of them are made for pump and dump making it the coin useless only the hype makes the coin survive but it depends on how the market will move and if the hype is over the holder will sell it eventually and no more potential investors to buy their coin.
November 12, 2019, 02:23:31 AM
In this case I have to agree with him. 99% looks good enough for me. Considering the fact that we have around 10,000 different coins and tokens right now, my own optimistic estimate would be around 100 of them surviving in the long term. But I am afraid that Ripple is not going to be one of them. A centralized and heavily manipulated currency such as XRP has hardly any potential for the future.
November 12, 2019, 01:52:27 AM
I think not all crypto will be zero. especially crypto which is in the top 20 coins. because the top 20 coins already have market capitalization, trading volume and also a large community. there's no way the coins will become zero. especially when the crypto market is bullish the coins will also experience an increase and can attract new investors to join the crypto market. although in the real world altcoin is not very useful but altcoin can be used as a profitable investment tool.
Jump to: