Topic: Vitalik Buterin said Cryptocurrencies ‘could drop to near-zero at any time - page 4. (Read 648 times)
February 22, 2018, 02:40:20 AM
I agree with him. Look what happened with Bitconnect. Ok, this was an obvious scam but similar things could happen to almost every crypto currency, even Bitcoin if developemnt stops or slows down and more and more people decide not to use it anymore. This is why it is so important to spread the investment over 5-10 (or even more) cryptos and not put all eggs in one basket. But remember that also stocks could fall to near-zero once the company behind a certain stock starts to struggle.
February 22, 2018, 02:35:51 AM
Although it looks more like a FUD, said this man really need our attention, and now such a large Cryptocurrency market, the price of Cryptocurrency market and the company is not profitable, most is just a scam, rather than a worthy of long-term investment projects.
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.
February 22, 2018, 01:50:19 AM
These are obvious things. Anything can turn into zero money, gold, respect and etc. Only one thing has a 100% chance of coming true that all of us will someday die. Everything else is possible.
Yes everything is possible but the the probability of the cryptocurrency could drop to zero is high. One of the reason might be because there is no tangible assets involve in the crypto.
February 21, 2018, 02:24:43 AM
Vitalik Buterin is not saying that it crypto currency will drop to zero but it could drop meaning that he just understood that nobody knows what will happen in the future. He basically just understand that in investing there is no certainty. People who invest not only in crypto but on all type of market needs to understand that in every investment there are risks involved. The risk are just bigger in Crypto currency market. Diversify your investment, stocks precious metal bonds or mutual funds have low income but still profitable.
February 21, 2018, 02:19:41 AM
These are obvious things. Anything can turn into zero money, gold, respect and etc. Only one thing has a 100% chance of coming true that all of us will someday die. Everything else is possible.
February 21, 2018, 02:10:03 AM
Well 'don't put all your eggs in one basket'. Better to invest in crypto but not all your savings. As what Vitalik said just invest only the amount that you can afford to loss.
I read a news before that one student from South Korea commit suicide because he losses his investment in cryptocurrency. Hope will not repeat again.
I read a news before that one student from South Korea commit suicide because he losses his investment in cryptocurrency. Hope will not repeat again.
February 20, 2018, 04:02:11 AM
Yes according to the volatility of the market and considering the physical usage and physically it's not a currency.
So it's possible that it can reach to zero but in the near future its not looking like it goes to zero.
So it's possible that it can reach to zero but in the near future its not looking like it goes to zero.
February 20, 2018, 04:01:27 AM
Well, that's a very defining remark coming from a believer and creator of a cryptocurrency himself. At some extent it is agreeable. Anything that is unpredictable is really dangerous. There are just too many metrics or factors that are unknown to coin holders, creators and users which really make this kind of financial technology platform to be risky. Diversification is still the key to lower such risks. I love crypto though.
February 20, 2018, 03:57:04 AM
It is not impossible for a crypto currency to fall to zero, bitcoin/ethereum included.
It is certainly possible on paper (51% attacks) - but Proof of Work has so far shown to be pretty stable against this threat.
From a life-savings point of view crypto currencies (majority of them) might be a bad investment. But blockchains as an invention is here to stay, and hence crypto currencies. It is hard to estimate which ones will make it through, which ones will sustain, which ones will receive mass adoption. But my bet is the concept of crypto currencies is here to stay irrespective of ups and downs.
It is certainly possible on paper (51% attacks) - but Proof of Work has so far shown to be pretty stable against this threat.
From a life-savings point of view crypto currencies (majority of them) might be a bad investment. But blockchains as an invention is here to stay, and hence crypto currencies. It is hard to estimate which ones will make it through, which ones will sustain, which ones will receive mass adoption. But my bet is the concept of crypto currencies is here to stay irrespective of ups and downs.
February 20, 2018, 03:51:58 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
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
February 20, 2018, 03:50:25 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?
why not? in cryptocurrency anything can happen. that is why people should know about the risk first before make an investment in somthing like this.nothing can protect them for be loss their asset. and it always explained in every cryptocurrency project https://www.cnbc.com/2018/02/19/ethereum-creator-vitalik-buterin-warns-about-cryptocurrency-investment.html
What do you think?
February 20, 2018, 03:46:48 AM
I dont like when such people repeat the things that everybody already know. What is the benefit of this saying for community? It is really ridiculous. If something bad happens he is going to say "look i told it to you before. why didnt you listen me?" . So ridiculous....
February 20, 2018, 03:42:04 AM
It's the people who invest in cryptocurrency and as long as theres a market for it, it will not reach 0. A lot of people are passionate about crypto. Don't forget behind every blockchain is a cryptocurrency. And the blockchain is the future.
February 20, 2018, 03:39:23 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?
https://www.cnbc.com/2018/02/19/ethereum-creator-vitalik-buterin-warns-about-cryptocurrency-investment.html
What do you think?
I would say that 50/50. 50% because of the volatility and 50% of the fact that people begin in the Blockchain technology and it undoubtedly can boost the development of cryptocurrencies.
February 20, 2018, 02:21:17 AM
There is possibility that i walk out and see dinosaur.
50/50 actually. May be i will see it may be i wont.
I think demand is huge. Positive news all around. Crypto world have a long shiny road ahead.
Vitalik is right you should not invest more than you are ok to loose. But this is true for any investment.
Buy some BTC. its cool.
50/50 actually. May be i will see it may be i wont.
I think demand is huge. Positive news all around. Crypto world have a long shiny road ahead.
Vitalik is right you should not invest more than you are ok to loose. But this is true for any investment.
Buy some BTC. its cool.
February 20, 2018, 02:17:33 AM
I will explain on an example Bitcoin Cash. Just like in the case of the dotcom boom - up to some level everyone thought that it was necessary, and then it became obvious to everyone that it was a bubble. So now, if Bitcoin Cash proves its worth and becomes the main currency, then its rate will rise, and the rate of bitcoin will fall. How much is it to solve the market
February 20, 2018, 02:04:18 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?
So there was always such a risk, losses were always present in the world of crypto-currencies. Another thing is that it is not necessary to invest all the savings, but part of them, but not all people approach this reasonably, and then regret that everything is lost. https://www.cnbc.com/2018/02/19/ethereum-creator-vitalik-buterin-warns-about-cryptocurrency-investment.html
What do you think?
February 20, 2018, 01:57:59 AM
He himself rose, on the cryptocurrency and as soon as they merged allegedly their tokens eth, began to drive the blah blah blah that everything will devalue, etc., etc., only that's why he then founded eth if all this is devaluated.
February 20, 2018, 01:22:57 AM
Vitalik statement is true but it can be destructive in the world of cryptocurrency. Many investors may disappoint on it.
It shows only that cryptocurrency is not yet well establish and there are lots of room for improvements.
It shows only that cryptocurrency is not yet well establish and there are lots of room for improvements.
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