Vitalik Buterin said Cryptocurrencies ‘could drop to near-zero at any time - page 3.

Melfoy72

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Quote from: kewlc3s on February 25, 2018, 03:40:16 PM

Main thing "could". I think we all know that! Someday you could wake up and see 0 on your account. Unfortunately it is still realistic scenario. So Vitalik said true, do not invest more than you can afford. Don´t take mortgage to buy bitcoins and alts.

That's right. But a few peoples sold his house to invest on BitConnect that promised ROI 1,5% a month.
It so stupid and it wasn't worth it. Roll Eyes

Denlv

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Hello!Acording to this info all can happen with crypto,becose its not stable as fiat need more upgrades on crypto but in 2018 year comes about crypto ico banks who can help in this thing. Vitalik Buterin can say many about drops and up but no one can say what happens in future,i dont think crypto will go down in near future becose big money is involved in market .

kewlc3s

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Main thing "could". I think we all know that! Someday you could wake up and see 0 on your account. Unfortunately it is still realistic scenario. So Vitalik said true, do not invest more than you can afford. Don´t take mortgage to buy bitcoins and alts.

Zentor

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Of course that is true. It is the reason why a lot of people recommend do not invest in cryptocurrencies more than you can afford to lose. Cryptos are still very young and unstable, a lot of reasons can drop their values to zero

philad220

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I rarely agree cryptocurrency could drop to zero at any time, this cryptos is highly volatile as it is known, we are all taking risks, even investing in traditional assets also involve risk taking, but it should have been better to balance the two. Neither do you leave cryptocurrency nor traditional assets.

The Young Turk

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Quote from: Bounty_Hunter on February 24, 2018, 04:33:53 PM

I think that he just trolls us Cheesy

He has many jokes like this, why people so seriously now?

It's not about all jokes and fun, he has a point. There are too many uneducated people come here with their life savings, they invest blindfold. He warns people like these. If you make your own research you are safe. But think about masses that only hear crypto currencies in TV and try to invest, without any knowledge. People have to be careful about their investment.

modtakels

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Theres nothing about with his statement as he is just telling the truth,Bitcoin is so unstable and being the foundation of the cryptocurrencies if this coin has failed most of the altcoins will surely come to their end,only those coins which has a good working product would survive the Bitcoin's crash,the market volatility is very high so it our market could rise and fall in just a matter of hours,vitalik only wants us to realize the truth especially those who are putting all of their money to cryptocurrencies.

Kemileye

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In the write up buterin was just advising on investment I.e not to invest more than what someone can afford to lose. He didn't say crypto can go to nearly zero.

Bounty_Hunter

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I think that he just trolls us Cheesy

He has many jokes like this, why people so seriously now?

niteroy

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Quote from: Kulafu on February 19, 2018, 11:03:52 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?

Vitalik Buterin says only about the probability that crypto currencies can have a value near zero, but this probability is extremely small. With the same probability, we can say that tomorrow the meteorite will hit the ground and we all will perish. Crypto currency will lose its value only when people absolutely all lose any interest in crypto currencies. The same can happen with the antiquarian and works of art, for example, if the paintings of Picasso, Rembrandt and other artists cease to be necessary for people, then their price will drop to zero and they will not be stored in museums, but in someone's loft in dust. We give the value of the crypto currency ourselves, as a community. Look at Dashcoin, its price has risen from $ 0.5 per coin to $ 1500 this year, this is an increase of 300,000%, and this is all thanks to the Dashcoin community, which is constantly evolving and popularizing its coin. This is just one example, but hundreds of such examples can be cited. Therefore, you should not treat such statements as predicting future crypto currencies, learn to think critically and study technology that is behind different crypto currencies.

Minecache

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It seems that Vitalik has started a winter depression and he needs to rest)) But there is truth in his words - crypto market is very risky because there is no stability and regulation. Crypto market grew last years and everyone believed that it will always be so. But it isn't the law of nature and everything can be changed at any moment.

LeroyBro

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I think that's a little out of context. If you'd look at the full quote.

"Reminder: cryptocurrencies are still a new and hyper-volatile asset class, and could drop to near-zero at any time," Vitalik Buterin said on Twitter. "Don't put in more money than you can afford to lose."

This makes more sense.

Are cryptos still new? Yes, don't put in money you're not willing to part with.

Benarand

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It's hard to believe, but it can happen. Vitalik honestly warns that investing in Ethereum and ERC20 tokens, you need to keep yourself a little bit that would not starve as a result of the inevitable scum. Vitalik cares about us.

Tambu

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The current magnitude of cryptocurrency seems it will not drop nearly zero on our generation. Though huge losses for investors could happened anytime.
Cryptocurrency today still a hot cake in the pan that everyone wants to grab it. Just chill everyone still a long journey for crypto.

Golftech

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Quote from: xenomorphe1 on February 22, 2018, 03:05:25 AM

I don't think it will go to zero now. Maybe when a new technology is going to be discovered and is going to replace blockchain technology. But not before blockchain is being implemented and disseminate in every sectors.

Presumption over another, we can't say what will happen next to us as new innovation might interfere but as long as we as crypto supporters are still here and believing that this chain will succeed then it won't back to that value, we as investors will create the outcome of this industry, if we keep supporting and promote more about this chain no one can influence and turn this out, crypto will keep on rising forward just hold and enjoy this business.

xenomorphe1

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I don't think it will go to zero now. Maybe when a new technology is going to be discovered and is going to replace blockchain technology. But not before blockchain is being implemented and disseminate in every sectors.

Temik2704

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We all know that crypto is high risk investments and it is bubble. I think that there is not any secret that most of current cryptocurrencies will go to zero in future and we should be ready for it (Don't invest in SHIT ICO

).

Slash61

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his opinion is true, everything in the world of crypto could happen. do not be in the world of crypto in the real world also anything can happen. do not ever think that we will be forever on top, remember the world is turning! sometimes we are on top and sometimes we are down. indeed for the moment nothing will stop him. but, whether tomorrow or the day after tomorrow what would have been a factor that would stop all this. IMO we must be good at managing strategy so that we do not make loss in the future, do not just think of strategy for a moment. yes, if it could be forever.
I always remember these words "yesterday is history, now is a gift and tomorrow is a mystery"

thepo1m

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I think those that benenfited most from the space are now looking to bring it down, how many thousands of Ether tokens did he collected being one of the Ethereum developers, again saying one place is the best to store your wealth is worng, because there are some traditional assets also that went to zero

Tambu

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Quote from: littleDarper on February 22, 2018, 01:52:24 AM

It would be great if this man could close his mouth sometimes. The amount of FUD he creates is insane.

Definitely! Many people trust and patronize his creation. Dropping bomb like this could create havoc in the society of cryptocurrency.

Topic: Vitalik Buterin said Cryptocurrencies ‘could drop to near-zero at any time - page 3. (Read 648 times)