Topic: Ripple CEO: As many as 99% of all cryptocurrencies will likely go to zero, - page 3. (Read 657 times)
November 12, 2019, 01:28:09 AM
Well, he said the truth! Though it sounds harsh, but to me, it's the truth that To make profits, the investors are harming the crypto market, they keep supporting new coins without any real-life implementation! Where investing in bitcoin still the best way to make a profit in crypto! Most of the altcoins haven't any products, they lied to investors but yet people keep buying those shit to make a sudden profit! So, what he said is the truth, though to me it's not 99%, rather its 90%!
November 11, 2019, 11:53:06 PM
they are too naive to say that 99% of altcoin will disappear and exclude xrp.
why xrp can survive?
what are the benefits of altcoin centralized to be able to survive ??
this opinion looks like someone who has bad intentions towards altcoin.
why xrp can survive?
what are the benefits of altcoin centralized to be able to survive ??
this opinion looks like someone who has bad intentions towards altcoin.
November 11, 2019, 11:34:27 PM
Xrp(ripple) really brings so much convenience in life like very trusted and popular so the developer or team behind this can do develop or say anything then we can trust that but i don't believe that 99% of alts can turn 0 so i think that's wrong then many alts really have different worth here example dogecoin that have very active team also that's why this grow because this are useful and helpful
Same here, 99% is too much I think since there are projects that are being utilized now. Though I agree that most projects turned out to be a scam and do not continue, still sentiments on blockchain technology are growing. Ripple for one is a good project, it is becoming popular in the remittance sector where Ripple is focusing and slowly being recognized.
November 11, 2019, 10:56:28 PM
It was always like that, dev made coins just to make a profit and then left and in the end the coins were worthless. So don't be surprised if XRP's CEO can say that. But will Ripple be 99%? sounds funny if he predicts but he is also included in 99% of it lol.
I think the existence of coins or other tokens is a natural thing for the growth of the crypto world, even though this is actually a bad impact like coins that are only looking for profit. At least this will make the crypto world more mature.
I think the existence of coins or other tokens is a natural thing for the growth of the crypto world, even though this is actually a bad impact like coins that are only looking for profit. At least this will make the crypto world more mature.
November 11, 2019, 10:02:39 PM
~snip~
If ripple CEO says XRP will be included on that 99% of crypto and he can't dump his shitty pre-mined coin. XRP is a garbage platform that always says so many negativity to the crypto while it never realized if XRP is also included on that percentage of coins will go to zero in the future. https://bitcoinist.com/ripple-labs-made-millions-dumping-xrp-in-2018/
Let those XRP armies buy all of crap pre-mined coins and make the dev become billionaires.
I support your ideas on Ripple being a shitcoin and I bet it is more dirtier than Tether!
But I guess the crypto-community including me hasn't done enough to stop it when it was just starting way back then. I am thinking that if only the exchanges and most of crypto enthusiast hadn't embraced it in one way or another, then it is much easier to disregard it now but I'm afraid the opposite had happened.
Though I bet sooner or later, the cryptocommunity and the industry will altogether stand and become mature and will shy away on these kinds of coins mostly conceived for the love of money. Imho.
November 11, 2019, 09:40:29 PM
Neither is true nor is it wrong. In fact, a lot of useless projects die but it's still a normal price that can happen and some are zero.
But many of the projects that have their innovations and benefits but do not complete real-life now still shine on the top CMC. So depending on their project and community to make the project always active and innovative.
But many of the projects that have their innovations and benefits but do not complete real-life now still shine on the top CMC. So depending on their project and community to make the project always active and innovative.
November 11, 2019, 08:40:15 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 .
Including the king of scamcoins, XRP itself. The small community of oblivious fools who support XRP are slowing waking up to the facts. There's a lot of money flowing around to keep XRP relevant, especially within the news. Not specifically CT or CD, but definitely smaller useless crypto websites.
https://bitcoinist.com/ripple-labs-made-millions-dumping-xrp-in-2018/
Let those XRP armies buy all of crap pre-mined coins and make the dev become billionaires.
November 11, 2019, 07:34:44 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 .
So Ripple CEO thinks that they will be part of 1% that will remain as their concept is base on solving the real life problem? If crypto currencies will become the main currencies in the future then there is a big chance that the governments will do their best to remove those currencies that are good for nothing but 1% is very less.
If everything will be regulated, then maybe 10-20% of the currencies will remain including all the exchanges around the globe.
November 11, 2019, 06:55:53 PM
Considering that there are thousands of cryptos and still emerging day by day I could say that the 1% left will be plenty and I assume those are the top 100 cryptos that will remain as strong as ever and the rest will be eliminated naturally by the low volume delisting, not a dreamy number I guess.
Although it will not necessarily happening in the future so just take this statement of ripple CEO with a grain of salt. Ripple is a ll about self profit anyway.
Although it will not necessarily happening in the future so just take this statement of ripple CEO with a grain of salt. Ripple is a ll about self profit anyway.
November 11, 2019, 06:48:07 PM
So sorry, but, I think that I don't agree with his statement.
Well, yeah, there may be many cryptocurrencies that will go to zero, because of the shitcoin and many factors.
However, some top coins likely BTC and ETH will have their position and still survive in any condition event in a very dropped market.
Currently, there are also many projects that offer the real use case crypto, so that they can have greater value once their product is ready.
Well, yeah, there may be many cryptocurrencies that will go to zero, because of the shitcoin and many factors.
However, some top coins likely BTC and ETH will have their position and still survive in any condition event in a very dropped market.
Currently, there are also many projects that offer the real use case crypto, so that they can have greater value once their product is ready.
November 11, 2019, 06:39:36 PM
You don't need to be a rocket scientist to see what's happening on the alt market. New projects emerges with no use case at all, so its just a matter of time before they've delisted by an exchange and then go to zero and die. And the only one that will going to survived in this marketplace is those tokens who have built its reputation and have a real life usage. Lol, just look at Dogecoin, use to be meme coin still standing, why because devs are active and gamblers are using it as an alternatives because of it's lowest tx fee and the speed.
November 11, 2019, 06:36:22 PM
It's true, and Ripple's XRP might be one of those cryptocurrencies that will go to zero, since it will likely get completely blitzed by Libra when Facebook releases it early next year.
There are plenty of cross-border settlement systems that don't require a centralized custodian like Ripple (and its xRapid product). I personally think that 99% of cryptos will die within a decade, and that XRP will join them in the graveyard.
There are plenty of cross-border settlement systems that don't require a centralized custodian like Ripple (and its xRapid product). I personally think that 99% of cryptos will die within a decade, and that XRP will join them in the graveyard.
November 11, 2019, 05:35:35 PM
He's right, we'll either have a few big coins and a hundred thousand dead ones, or we'll have a thousand specialized cryptos, and its more likely the former. Per Metcalfe's Law the value or effect of a network is proportional to the square of the number of users, and most apps will want to use ETH or whatever everyone else is using to stay connected.
Like most people I see the irony of this statement being made by Ripple's big dog since it looks like their ship is done sailing and Stellar has a better odds of succeeding.
Like most people I see the irony of this statement being made by Ripple's big dog since it looks like their ship is done sailing and Stellar has a better odds of succeeding.
November 11, 2019, 05:18:33 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 .
Including the king of scamcoins, XRP itself. The small community of oblivious fools who support XRP are slowing waking up to the facts. There's a lot of money flowing around to keep XRP relevant, especially within the news. Not specifically CT or CD, but definitely smaller useless crypto websites.
November 11, 2019, 04:51:26 PM
This is the logic for two reasons. The first, today there are hundreds of thousands of currencies in this environment, if only 1% was left we would still have several options. The second reason, of these thousands of coins can be counted on the fingers the coins that have some purpose.
November 11, 2019, 04:45:29 PM
I totally disagree with that statement from ripple ceo because I want to know about what bases he give statements to all cryptocurrencies are going to be zero, there are so many coins are in crypto that can solve the reay time problems, I think he has something marketing statistics for ripple.
Based on OP's title, not all cryptocurrencies are going to be zero rather, its only about 1 percent of them that are going to survive in the long run which we could have a rough estimate of them to be more or less 100 cryptos!
Of course Ripple's CEO have stated it as a publicity stunt but I think its very much possible and he is talking of "survival of the fittest" scenario which even you and I could agree that the crypto space is littered with tons of shitcoins and all are destined to die except for some noteworthy projects that are also destined to survive in this very competitive industry. Imho.
November 11, 2019, 04:30:48 PM
I came up with the below diagram to show different market segments of crypto. I think Ripple would sit near the Centralization side. I've tried to create a decentralized stablecoin (Bitflate). It has a constant inflation. Some feedback I got is people rather use fiat with inflation. Crypto is only for limited supply. I realize that it is possible we would end up in a world where there're fiat currencies and digital native SoV crypto. In such world, Ripple won't survive.
I'm optimistic that there will be other crypto categories. I'm currently working on inflating crypto.
I'm optimistic that there will be other crypto categories. I'm currently working on inflating crypto.
November 11, 2019, 02:00:41 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.
This is not a big surprise to know that 99% of the coins will be gone and dusted in a few years and majority of the coins are just to pump and dump and there are no value in having those coins rather than boasting that you were once the developer of a crypto during the initial phase 
.even this time if another huge bull run happend because of acceptable of etf . i think eth and xrp and ltc or top 10 coins will not follow rise of prices bitcoin like past chart
Even if you neglect the valuation, i think litecoin and dogecoin will survive for a long time. i think market of altcoins was bad in history of bitcoin
What do you even mean by this 
. 
November 11, 2019, 01:36:00 PM
Only bitcoin will remain, it is unlikely that XRP has a chance.
yes i agree with you ; bitcoin is the king of altcoins . even this time if another huge bull run happend because of acceptable of etf . i think eth and xrp and ltc or top 10 coins will not follow rise of prices bitcoin like past charti think market of altcoins was bad in history of bitcoin
November 11, 2019, 01:31:12 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 .
Is this really a news that everyone in the cryptoworld haven’t realized yet? I eam if you had stayed in the cryptoworld then you would have known this since as we know that they are new tokens or cryptocurrencies who are made and most of these failed to become well known or even get listed into a decent exchanger. Aside from looking over the essence of a coin, you should also look carefully if it is legit especially if you are investing in an ICO. Jump to: