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 .
Most alternative coins are really just made out of the hype and the trend, there are even some coins that are being used for advertising and low key promoting some celebrities, for instance using it as a price for those fans who wants to meet their biases or vice-versa, using a celebrity's name to earn and sell coins. These instances are not speculations or not, this issue was even brought up at the local boards. Then so, after that phase of that new coin's trend, it will be eventually left out and forgotten losing its value and potential of surviving the crypto ecosystem, plus real crypto enthusiasts would know it best that they shouldn't invest money buying coins that aren't of any guarantee. 
Topic: Ripple CEO: As many as 99% of all cryptocurrencies will likely go to zero, - page 4. (Read 601 times)
November 11, 2019, 02:16:14 PM
November 11, 2019, 02:13:28 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.
November 11, 2019, 12:57:49 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 .
Ripple too become zero coin at the future because they have been in higher price raise above $4 and now have lower under $0.3. How come can drop more than 100% of Ripple have big platform coin and third position on coinmarket cap, we know many exchange listed Ripple coin but never increase of ripple price until right now. 
November 11, 2019, 12:55:50 PM
He's of course right about that. We have more coins than we could ever need and new ones are being launched every month. It's always the same they change some coda and say they are going to be a better version of this or that coin. People move to the new coin and it becomes as disappointing as all other "upgrades" before it, so they move back to the old one or to something new losing money in the process.
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.
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.
November 11, 2019, 12:40:30 PM
Seriously? That's an obvious observation, I don't know why a CEO should be even thinking at publicly stating that.. It has been discussed so many times in this forum, but now the CEO comes and states it publicly and boom! - he makes the news.
Yeah, I agree--I read something similar from Binance's CEO I think, or it was another exchange's CEO, and the first thing I thought was that this kind of speculation is a huge conflict of interest. You usually don't hear CEOs from industries unrelated to crypto making pronouncements about the market or their stock price.I don't know much about Ripple except that it has a reputation as being a centralized coin and not worth buying. And man, if a coin has its own CEO it's not one I'd want to own. Apparently a lot of people disagree, since it's one of the top ones on coinmarketcap.
This guy is probably correct, though, and I've often assumed that 99% or more of the coins on the market today aren't going to be around in 10 years. A lot of them get released and are abandoned shortly thereafter, probably because the developers only wanted to premine the coin for their own gain or whatever. And then they start all over again with another shitcoin. There's only so much money to go around as far as crypto investing goes, and the market is saturated right now--plus, considering that there aren't any real use cases for the vast majority of altcoins, they don't have much chance of holding people's interest.
November 11, 2019, 12:34:46 PM
Honestly I got tired of this phrase " Most of the altcoins will disappear " as until not nothing like this happens and I doubt it will happen in the next year.
While it takes time to get rid of most altcoins, it's already slowly happening. Remember some of the hyped coins of the past few years? TenX(PAY)? Oyster Pearl(PRL)? Electroneum(ETN)? Veritaseum(VTI)? And those are just the tip of the iceberg. They're either dead already, or the reaper is already knocking on their doors. This process is going to be slow, and definitely not going to happen in a snap of a finger.
The time that people will think that most cryptos are useless and scams will come. I just really hope it comes a lot sooner.
November 11, 2019, 12:16:51 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 .
Ripple CEO believe that all of the crypto currencies will be dead and only one percent will survive. Which crypto currencies will be that lucky to be included in that 1%. It would be Ripple as per the thinking of Ripple CEO
I do know that there is no future of shitcoins but there is also no future of centralized coins like Ripple.
November 11, 2019, 12:07:55 PM
Honestly I got tired of this phrase " Most of the altcoins will disappear " as until not nothing like this happens and I doubt it will happen in the next year. Its true that most of the altcoins deserve to be abolish from the markets but so does maybe XRP in the vision of a lot of people so why he excludes XRP ?
One thing is for sure , Bitcoin cannot be dethroned and it will never be so forget about altcoins and start to accumulate Bitcoin instead of XRP or ADA ...which are the most hyped projects on the internet.
One thing is for sure , Bitcoin cannot be dethroned and it will never be so forget about altcoins and start to accumulate Bitcoin instead of XRP or ADA ...which are the most hyped projects on the internet.
November 11, 2019, 12:02:31 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 with the opinion he said, but I do not agree with the percentage he gave.. 1% of today's cryptocurrency will survive is a very small number. IMO, 5%-10% is the right number. those that survive in the market are cryptocurrencies that have a good reputation, loyal investors, are able to provide solutions, are fast, safe, low fee, consistent and have high innovation. 
November 11, 2019, 12:01:46 PM
there are so many coins are in crypto that can solve the reay time problems,
Yet none managed to solve any...
Well, I guess he is wrong also.
There are currently 4700+ shitcoins listed on coinmarketcap plus probably twice the number that didn't have the funding to get listed there.
So even 99% would still leave us with 100 altcoin...for what?
What can a coin do that bitcoin can't? Oh..cheap fees, we have doge! Privacy, monero! Smart contracts, there is eth...so what's the purpose for the others?
Nothing, just pump and dump schemes and scams.
Has anything changed in RL usage with 4500 coins and not only Bitcoin? Not even 0.0000001%
LE:
That’s very interesting observation, I didn’t know there exist so many coins that’s never been announced in this forum,
There are 37200+ topics in altcoin announcements
November 11, 2019, 11:57:44 AM
Yes and that is why Ripple is whoring it's technology to any business out there that can give it some use case. 
They even bend backwards to
satisfy the needs of Banks in the hope that the Banks would use it as a inter Bank settlement payment option.
I agree with him that most Alt
coins will go to zero, but there are a couple out there that has a lot of potential and some people actually using it. (Monero/Dash for the Dark market
deals)
They even bend backwards to satisfy the needs of Banks in the hope that the Banks would use it as a inter Bank settlement payment option.
I agree with him that most Altcoins will go to zero, but there are a couple out there that has a lot of potential and some people actually using it. (Monero/Dash for the Dark market
deals)
November 11, 2019, 11:56:47 AM
I don’t know about ripple, and I’m not sure why it’s becoming one of the top ten crypto when it’s certainly not a crypto,
it is simply because when you use the term "top" you don't really mean top you mean "the biggest and most bloated market cap". and since market cap is equal to "supposedly circulating supply" * "price" any coin with fake huge supply (in this case 43.3 billion) gets to be on top no matter how low the price is.I didn’t know there is a supply cap for xrp, if that’s how to derive market cap, Ripple could easily change the supply cap to unlimited, and eventually overtake bitcoin to be the number one crypto in the universe.
Since the ranking didn’t brother with the price of the crypto, they would only care about the total market cap.
Quote
Quote
I would like him to put some money into this bet to see whether they got it right.
if you check out altcoin graveyards over the past 10 years and see that the list currently contains tens of thousands of dead coins you can see what he says is not really a prediction, it is simply extrapolating the history to the future! November 11, 2019, 11:54:40 AM
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.
Maybe because a lot of cryptocurrency projects(probably 95%+) is either a scam or has a useless use-case? We even have a blockchain for dentists for some crazy and bizarre reason, and what's even crazier is that it actually has "investors".
I challenge you to name the coins that you claim to solve "reay time problems".
November 11, 2019, 11:41:29 AM
So does this mean that Ripple will likely go to zero too? Since 99% of cryptocurrency will go to zero then bitcoin will be the only crypto that would claim the throne. It is expected already that bitcoin will remain since most of these altcoins are shitcoins. The only altcoin that i like to be part of these cryptocurrency is the ETH since it has some future with their smart contract just like the blockchain technology.
November 11, 2019, 11:31:52 AM
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.
November 11, 2019, 11:24:16 AM
haha so basically the owner of the most centralized shitcoin is calling out other shitcoins most of which are not as bad as his centralized product
the funny thing is that as these 99% of the altcoins are dying, XRP will be ahead of all of them in the route to the graveyard.
the funny thing is that as these 99% of the altcoins are dying, XRP will be ahead of all of them in the route to the graveyard.
I think that is what it means because centralized coins have no chance against decentralized as users prefer that. Manipulating coins like ripple and pump coins are going to go that way down if there is any thing like that to happen.
November 11, 2019, 11:18:50 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 .
Although that assumption sounds terrifying, I somewhat agree with it!
If we just see the initial data of all cryptocurrencies that are currently listed on Coinmarketcap which now totals to about 4,797 in all and if we take the Ripple CEO's prediction, assuming it comes true, then we will arrive at 47.97 or rounded to 48 cryptocurrencies that could still remain in the near future which I presume would be fair enough rather than to worry of an overall crypto meltdown as predicted by crypto naysayers.
We should also take note that there are still notable crypto projects that are not yet listed in CMC so that figure above might increase a little bit.
November 11, 2019, 10:58:53 AM
He is just throwing random number of 99% and trying to put his ripple within 1% of cryptocurrency that can be used in real life application. Most of the partnership ripple have till now is for on-demand liquidity (ODL) previously known as xRapid rather than for actual ripple which means ripple is not being used by any of those partners which includes big names like moneygram.
Soon there will be 100s of so called fiat backed cryptocurrency in the market, the significance of ODL will be almost none.
Also read this
Soon there will be 100s of so called fiat backed cryptocurrency in the market, the significance of ODL will be almost none.
Also read this
Quote
Back in summer this year, one of the world’s largest remittance operators MoneyGram started implementing the Ripple-developed On-Demand Liquidity (ODL) product formerly known as xRapid.
Prior to that Ripple had bought a large stake at MoneyGram
source : https://u.today/ripple-backed-moneygram-ceo-on-xrp-were-able-to-settle-billions-of-usd-in-seconds-via-odl Prior to that Ripple had bought a large stake at MoneyGram
November 11, 2019, 10:55:13 AM
I don’t know about ripple, and I’m not sure why it’s becoming one of the top ten crypto when it’s certainly not a crypto,
it is simply because when you use the term "top" you don't really mean top you mean "the biggest and most bloated market cap". and since market cap is equal to "supposedly circulating supply" * "price" any coin with fake huge supply (in this case 43.3 billion) gets to be on top no matter how low the price is.Quote
I would like him to put some money into this bet to see whether they got it right.
if you check out altcoin graveyards over the past 10 years and see that the list currently contains tens of thousands of dead coins you can see what he says is not really a prediction, it is simply extrapolating the history to the future! November 11, 2019, 10:11:59 AM
And hopefully XRP also falls into that category of crypto's that's going to zero. Unfortunately, a lot of people will get burned; so the sooner, the better, so hopefully less people will get burned, in contrast to if XRP is going to survive another half a decade.
Only bitcoin will remain, it is unlikely that XRP has a chance.
As much as I want this, I heavily doubt it. I think there will be a very very few projects that will be ever so slightly "successful". Jump to: