Topic: Vitalik Buterin: Crypto, Blockchain Space Won’t See ‘1,000-Times Growth’ Again (Read 628 times)
September 11, 2018, 09:09:35 PM
agree
September 11, 2018, 11:07:38 PM
There is no chance that the cryptocurrency and blockchain space will see “1,000-times growth” again, Ethereum (ETH) co-founder Vitalik Buterin stated in an interview with Bloomberg September 8.
At an Ethereum and blockchain conference in Hong Kong, Buterin told Bloomberg that the rapid growth of crypto and blockchain industry is now reaching a “ceiling,” and is moving from “just people being interested” to the stage of “real applications of real economic activity.”
https://cointelegraph.com/news/vitalik-buterin-crypto-blockchain-space-wont-see-1-000-times-growth-again?utm_source=Telegram&utm_medium=social
At an Ethereum and blockchain conference in Hong Kong, Buterin told Bloomberg that the rapid growth of crypto and blockchain industry is now reaching a “ceiling,” and is moving from “just people being interested” to the stage of “real applications of real economic activity.”
https://cointelegraph.com/news/vitalik-buterin-crypto-blockchain-space-wont-see-1-000-times-growth-again?utm_source=Telegram&utm_medium=social
Is that means we cannot see all time high price again in the ETH market ?
Actually i think no one know what will be happening in crypto. Even Buterin himself, have no control on the ETH market if anyone trying to manipulates the market.
there will be a time for ethereum make a new price again and maybe it won't happen in this year and we still have the next year if ethereum still exist on the crypto market. I think we are moves to the new phase of cryptocurrency and agree or not, cryptocurrency will change or need to evolve to a new form because if Vitalik said that, then blockchain needs to re-write the code to works better than before. maybe I am wrong so I am sorry.
September 11, 2018, 09:03:56 PM
There is no chance that the cryptocurrency and blockchain space will see “1,000-times growth” again, Ethereum (ETH) co-founder Vitalik Buterin stated in an interview with Bloomberg September 8.
At an Ethereum and blockchain conference in Hong Kong, Buterin told Bloomberg that the rapid growth of crypto and blockchain industry is now reaching a “ceiling,” and is moving from “just people being interested” to the stage of “real applications of real economic activity.”
https://cointelegraph.com/news/vitalik-buterin-crypto-blockchain-space-wont-see-1-000-times-growth-again?utm_source=Telegram&utm_medium=social
At an Ethereum and blockchain conference in Hong Kong, Buterin told Bloomberg that the rapid growth of crypto and blockchain industry is now reaching a “ceiling,” and is moving from “just people being interested” to the stage of “real applications of real economic activity.”
https://cointelegraph.com/news/vitalik-buterin-crypto-blockchain-space-wont-see-1-000-times-growth-again?utm_source=Telegram&utm_medium=social
Is that means we cannot see all time high price again in the ETH market ?
Actually i think no one know what will be happening in crypto. Even Buterin himself, have no control on the ETH market if anyone trying to manipulates the market.
September 11, 2018, 02:18:48 PM
1000x growth will be harder and harder to see, but still possible. 100x growth is more likely...but really, even 10x growth is healthy. The right projects will get the right funding.
September 11, 2018, 12:46:45 AM
haha, he is talking about ethereum not cryptocurrencies in general and he is trying to explain the fact that his shitcoin is getting dumped hard by claiming that it is normal and it is happening to everything. but the fact is ethereum is getting dumped and it won't ever go back up to its ATH or anywhere near it even if they start pumping it up again. it is failed project already.
Ahahahahha. You really got me on this. The dump in the price of Ethereum wasn't funny at all. It took me by surprise cause I never anticipated Ethereum going below 200$. I look forward to other wonderful assets taking the position of Ethereum as per smart contracts.
September 10, 2018, 10:41:08 PM
There is no chance that the cryptocurrency and blockchain space will see “1,000-times growth” again, Ethereum (ETH) co-founder Vitalik Buterin stated in an interview with Bloomberg September 8.
At an Ethereum and blockchain conference in Hong Kong, Buterin told Bloomberg that the rapid growth of crypto and blockchain industry is now reaching a “ceiling,” and is moving from “just people being interested” to the stage of “real applications of real economic activity.”
https://cointelegraph.com/news/vitalik-buterin-crypto-blockchain-space-wont-see-1-000-times-growth-again?utm_source=Telegram&utm_medium=social
At an Ethereum and blockchain conference in Hong Kong, Buterin told Bloomberg that the rapid growth of crypto and blockchain industry is now reaching a “ceiling,” and is moving from “just people being interested” to the stage of “real applications of real economic activity.”
https://cointelegraph.com/news/vitalik-buterin-crypto-blockchain-space-wont-see-1-000-times-growth-again?utm_source=Telegram&utm_medium=social
Hmm,
All of the rest may be fizzling out , but in ZEIT's Future is at least 1000 times growth.
It's won't be over night but grow some every year.
September 10, 2018, 10:14:40 PM
Even gold may eventually grow 1000% against the dollar.
The issue is context and understand how the price of an asset is formed. It's always a pair. That is, the valuation or devaluation of something occurs in relation to this pair.
Today the big comparison is BTC-USD. Usd is very valued these last months for several reasons. In the near future it may suffer great devaluation. Dow Jones has had a strong appreciation, may also be corrected.
So it's not just a matter of the cryptos being highly valued. If they are adopted and have a truly relevant share in the global market, we will have several assets being valued at 1000% relative to usd.
The issue is context and understand how the price of an asset is formed. It's always a pair. That is, the valuation or devaluation of something occurs in relation to this pair.
Today the big comparison is BTC-USD. Usd is very valued these last months for several reasons. In the near future it may suffer great devaluation. Dow Jones has had a strong appreciation, may also be corrected.
So it's not just a matter of the cryptos being highly valued. If they are adopted and have a truly relevant share in the global market, we will have several assets being valued at 1000% relative to usd.
September 10, 2018, 02:47:54 AM
I believe Vitalik is confusing his own pump and dump scheme which is starting to reach its "end of the line" with cryptocurrencies.
hav you also noticed that the main devs of coins are starting to hate what they code.
vitalik saying the market prices of coins cant grow much more
Luke JR saying bitcoins technology cannot scale.
it seems they all want to go back to fiat and jump off the bus. but happy to tare what they are coding apart in social discussions
September 10, 2018, 02:39:50 AM
I somehow agree to these even I still hope that the prices of crypto will still increase exponentially. Let's admit that the last year's growth has made much more losers than gainers in this market.
September 10, 2018, 01:55:41 AM
He shouldn't speak for all coins, and he is right that ethereum won't reach 1000% gains. However, NEO which is an improved version of ethereum will hit those gains as they have resolved issues with scalability and transaction speeds.
September 10, 2018, 01:27:12 AM
The fall in coinmarketcap was scary this few days. There is going to be a massive bull run after this period. Make sure you buy especially Ethereum.
There will be a bull run but apart from Bitcoin it will not be as massive as before for the altcoins. Many newbies and many from poor countries just trying to make as small profit as possible since they do not believe too much in their invested cryptocurrency, and that is the major problem, few holders and less buyers comparing to sellers.
September 10, 2018, 01:07:58 AM
let's not forget that this is the same person who tweeted about a year ago that he doesn't believe in the future of cryptocurrencies and thought they won't rise at all while bitcoin was worth about $900 and he said you should invest in traditional assets instead.
I believe Vitalik is confusing his own pump and dump scheme which is starting to reach its "end of the line" with cryptocurrencies.
I believe Vitalik is confusing his own pump and dump scheme which is starting to reach its "end of the line" with cryptocurrencies.
September 10, 2018, 12:58:41 AM
We don't need 1000%! A 500% would still be a great rise. If such a thing would happen every single coin would establish a new ATH. Wouldn't that be great? 1000% is just greedy. Vitalik is acting really bearish but if my coin would lose so much value as ETH did I'd be even more bearish than him.
He didn't say 1000%, which is 11 times growth, he said 1000 times growth, which is 99900% increase. He's right here, we won't see 6 milllion dollar price for Bitcoin, maybe our grand-grand kids will. But the part about “real applications of real economic activity”, is a bit more tricky - coins outside of Bitcoin, ETH, LTC, DOGE have very little actual users, even all these flashy coins that claim to be Ethereum killers barely have any users. But at the same time, most Ethereum users are just people trying to get rich quick with ICO's. So, Bitcoin is unsurprisingly the coin that fits his words the best, especially with Lightning Network being a very real thing already.
September 10, 2018, 12:46:24 AM
He's right. Cryptocurrencies are no longer just a speculative asset for making money, they are actively introduced into the business and therefore now large price jumps are unlikely.
September 10, 2018, 12:37:55 AM
Well, it depends on how long this correction is going to last. If we go down to say $2000 or $3000, then a 800% growth to the $19000 ATH of last year, will not be too unrealistic. We are just running out of time, with only 3 months to the end of this year. 
We might see this in 2019 again, if we follow the pattern that we are in now. The best thing for Bitcoin now, would be to see a natural growth pattern and not this large "Bubble" like price behaviour.
We might see this in 2019 again, if we follow the pattern that we are in now. The best thing for Bitcoin now, would be to see a natural growth pattern and not this large "Bubble" like price behaviour.
September 10, 2018, 12:22:40 AM
Yeah, he's right a thousand times we won't grow up..... But we can grow a hundred times or a hundred and fifty)
September 10, 2018, 12:20:29 AM
I think it depends on the coin.
Some coins may have the potential to do 1000x ROI.
Some coins may have the potential to do 1000x ROI.
exactly.
you can never talk about the whole cryptocurrency market as a whole. you always need to treat them individually although the altcoins all have similar characteristics.
for instance there are currently altcoins that are giving good profit with their pump and dumps. if you look at 1 or 2 weeks ago there was a coin named AU which got pumped 6000% and was so close to replace ethereum on top. so more than 1000% profit is still easily possible
additionally we have bitcoin which is the only solid cryptocurrency with real future. and with its growing adoption 1000x rise is only a start for it, we still have $1 million mark to reach.
September 09, 2018, 11:49:00 PM
The growth of the price of a crypto currency in 1000 times can be, however for a short time and it concerns such old coins as bitcoin and ethereum. Other coins, especially young ones, which will still appear, can grow to a thousand and a hundred thousand times. Indeed, each coin has its ceiling in price, and they will reach it at different times, depending on the degree of its development.
September 09, 2018, 11:15:33 PM
I think it depends on the coin.
Some coins may have the potential to do 1000x ROI.
Of course not ETH or BTC (They have high marketcaps).
However I think it's a great chance to buy some coins now. Market is almost at the dip. Time to invest some fresh fiat into the market.
Some coins may have the potential to do 1000x ROI.
Of course not ETH or BTC (They have high marketcaps).
However I think it's a great chance to buy some coins now. Market is almost at the dip. Time to invest some fresh fiat into the market.
September 09, 2018, 10:58:31 PM
I heard somewhere that this current dip is last opportunity to reap great rewards in cryptocurrency.
Not a financial advice.
Not a financial advice.
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