Vitalik Buterin said Cryptocurrencies ‘could drop to near-zero at any time

Kulafu

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Quote from: skip60 on February 20, 2018, 02:51:58 AM

as long as blockchain networks can not be broken, it will not happen

traditional investment methods are safer buy doesnt make 20x-100x

it depends on what you invest in crypto

i personelly can invest up to 5 years of my saving into crypto.

if that money makes 20x then i will be retired, if i lose all the money, i work for extra 5 years

Buterin is just an honest to itself. Traditional assets still good to invest at, specially you are conservative kind of investors.
But if you need a quick ROI and huge gain then cryptocurrency is a good choice as long you know how to play it.

skelethon

newbie

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Well he's not wrong, it could drop to near-zero any time but it's really unlikely for that to happen I think. Grin

thienlonghue

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It is possible. Bitoin's price based on the trust of people. Bitcoin don't has any assured property. So when people don't trust Bitcoin, It could drop to near zero

Melech

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All this theoretical reasoning has little to do with practice.
A meteorite, a nuclear war, an epidemic or some kind of force majeure can change the structure of values at any time. But do we focus on this when we make investment decisions? Everyone hopes that there will not be such extreme cases and plan their lives in calmer options.

Yudhisthir

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It's about possibility. The same can happen with gold or gas.
But as the cryptocurrency is now a board term comprising of different types of digital assets, it would be really difficult to generalize them.

Kulafu

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Activity: 140

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Quote from: Angel Balu on March 21, 2018, 09:36:10 AM

Quote from: Kulafu on February 19, 2018, 10:03:52 AM

According to him traditional asset is the best to store your life time saving.
https://www.cnbc.com/2018/02/19/ethereum-creator-vitalik-buterin-warns-about-cryptocurrency-investment.html

What do you think?

There is a cryptocurrency that can fall even from the top to the bottom, but that all the cryptocurrency at once, this can not be, they can sink very low but to just up to 0 no.

Yes it's correct. but the cryoptos without market is no value. Buterin is just utter what is on his thought.
As long there are buyers and sellers market will go on.

Angel Balu

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Quote from: Kulafu on February 19, 2018, 10:03:52 AM

According to him traditional asset is the best to store your life time saving.
https://www.cnbc.com/2018/02/19/ethereum-creator-vitalik-buterin-warns-about-cryptocurrency-investment.html

What do you think?

There is a cryptocurrency that can fall even from the top to the bottom, but that all the cryptocurrency at once, this can not be, they can sink very low but to just up to 0 no.

Tambu

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Quote from: Kulafu on February 19, 2018, 10:03:52 AM

According to him traditional asset is the best to store your life time saving.
https://www.cnbc.com/2018/02/19/ethereum-creator-vitalik-buterin-warns-about-cryptocurrency-investment.html

What do you think?

This Buterin statement seems happening in the market. Hope the market will bounce back after the dive.
Though the the price of stellar coins/token still high but the dip since January 2017 is so deep.

Kulafu

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Activity: 140

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Quote from: Alpha0One1 on February 28, 2018, 01:07:18 AM

Quote from: Kulafu on February 19, 2018, 10:03:52 AM

According to him traditional asset is the best to store your life time saving.
https://www.cnbc.com/2018/02/19/ethereum-creator-vitalik-buterin-warns-about-cryptocurrency-investment.html

What do you think?

It's always possible that this will happen due to very high risk nature of cryptocurrencies.
Once you start earning profits, I would strongly recommend that you have an exit plan or regular exit plan (e.g. quarterly) to take out from crypto as well.

There's always a possibility in all things. There's is no certain in Cryptocurrency. But influential people should avoid utter words that could destroy a thing in a short period of time.

Alpha0One1

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Quote from: Kulafu on February 19, 2018, 10:03:52 AM

According to him traditional asset is the best to store your life time saving.
https://www.cnbc.com/2018/02/19/ethereum-creator-vitalik-buterin-warns-about-cryptocurrency-investment.html

What do you think?

It's always possible that this will happen due to very high risk nature of cryptocurrencies.
Once you start earning profits, I would strongly recommend that you have an exit plan or regular exit plan (e.g. quarterly) to take out from crypto as well.

Bujonanila

newbie

Activity: 84

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the crypto-currency market is very unstable. The coin depends on many factors, including political factors. If it is profitable for someone to destroy the crypto currency, then there is a probability of a drop in value to zero. preconditions can serve as hacker attacks and, as a consequence, a drop in trust in crypto-currencies.

Kulafu

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Activity: 140

Merit: 2

Quote from: zorgo on February 27, 2018, 11:29:56 AM

Hope we will see next bottom soon) Krypto don't need weak hands, for now, at least. So if prices will drop to about zero value, I will buy a lot of coins)

If the price drop to nearly zero from a thousands. That coin have no value at all. It is just like dust in the pavement that no one will care.
Anyway you cannot buy a thing with zero value but you can ask it for free.

zorgo

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Quote from: ðºÞæ on February 27, 2018, 11:51:33 AM

Quote from: zorgo on February 27, 2018, 11:29:56 AM

Hope we will see next bottom soon) Krypto don't need weak hands, for now, at least. So if prices will drop to about zero value, I will buy a lot of coins)

You know you cant buy at zero value, not even all the coins in the world.

About zero =/= zero. About zero = at very low price for me. A small negative number is about zero too, but nobody will mean this saying "about zero".

YajairaSN

jr. member

Activity: 100

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Let's be frank, such interviews can justify the whole market of altcoins behind the ethereum. Let's be smart and understand what is being done for what. Vitalik is a talented developer, he is hardly good at economy.

JohnMacZeppelin

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Maybe this guy knows what he's saying, of course today there is crypto currency and it is very popular, but on the other hand, it may not be necessary to anyone, especially after it is banned everywhere, so you have to be on check after such statements.

ðºÞæ

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Quote from: zorgo on February 27, 2018, 11:29:56 AM

Hope we will see next bottom soon) Krypto don't need weak hands, for now, at least. So if prices will drop to about zero value, I will buy a lot of coins)

You know you cant buy at zero value, not even all the coins in the world.

Vik_the_Carpentner

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Cryptocurrency Wallet - Denaro.io

Quote from: zorgo on February 27, 2018, 11:29:56 AM

Hope we will see next bottom soon) Krypto don't need weak hands, for now, at least. So if prices will drop to about zero value, I will buy a lot of coins)

Feel you, I think same way. When the prices are falling I'm buying lot of coins. And the newbies start panic selling all their coins. Grin

zorgo

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Hope we will see next bottom soon) Krypto don't need weak hands, for now, at least. So if prices will drop to about zero value, I will buy a lot of coins)

Space32

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Melania.io Audit/Creation, Whitepapper, Specs etc.

This is said not only by Buterin, but also by many other skeptics and analysts.
Think about it, is it worth keeping everything in a crypto? Ask those who hold bitcoins since December 2017 or just bought them in December. Lot of people but it with credits...
You need to understand that there are several strategies here including to hold for a long time or to receive a small profit and fix it by selling crypto. Then buy again. Repeat.
Also you can say about any currency in the world that it can go down and bankrupt.
Think with your head and take consequences of risks that may happen to you.

bucksman5233

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TV TWO - Connect your TV to ETH Blockchain

Quote from: Tiklohor on February 27, 2018, 04:59:43 AM

There is always a risk, you can wake up tomorrow and all coins will depreciate.

Depreciating is different from going to zero at any time. But in the cryptocurrencies this is only possible when a team of a coin suddenly run away with all the user's money. If the team is not active then it's value will depreciate slowly.

Topic: Vitalik Buterin said Cryptocurrencies ‘could drop to near-zero at any time (Read 674 times)