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

Kulafu

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Quote from: skip60 on 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

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

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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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www.Artemis.co

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

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?

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, 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?

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, 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?

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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Quote from: Alpha0One1 on February 28, 2018, 02:07:18 AM

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?

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, 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?

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

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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

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Quote from: zorgo on February 27, 2018, 12:29:56 PM

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, 12:51:33 PM

Quote from: zorgo on February 27, 2018, 12:29:56 PM

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

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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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Bitcoin © Maximalist

Quote from: zorgo on February 27, 2018, 12:29:56 PM

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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Quote from: zorgo on February 27, 2018, 12:29:56 PM

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, 05:59:43 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.

Prodigan786

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I dint know from what prospect he said this sentence . Even the traditional assets followed by speculation , hype and also demand and supply. Same happening in crypto currency being a commodity , equity trader and investor for a year I could justify my points.

Kulafu

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Quote from: ?? on ??

The market of crypto currency is arranged on demand, the demand establishes the rules of trade. There is demand = the crypto currency is alive and growing. no demand - prices go down ....

Yes I agree that it works in supply and demand. But don't you know that supply and demand is powered by a chain of words (advertisements or promotions)? Without advertisement or promotions supply and demand will not work. Vitalik words could affect the market in a negative way.

Minecache

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Vave.com - Crypto Casino

Quote from: ?? on ??

The market of crypto currency is arranged on demand, the demand establishes the rules of trade. There is demand = the crypto currency is alive and growing. no demand - prices go down ....

Yes, these laws of the market have always existed. But now I see no reason for the demand for crypto to fall sharply and become zero. Crypto market begins to develop, so it's too early to talk about his death. I think that Vitalik said this about the abstract future.

Tiklohor

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

tornikejr

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I think he didn't mean that hole Crypto market can drop to zero.
I think he means that to invest in crypto is risky, because there are lots of scam coins and their price really can drop to zero anytime.

Lerikaweb

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The Fourth Generation of Blockchain in DeFi

The whole hype around cryptocurrency is because of high demand. No demand = prices down. Although cryptocurrency is an economical phenomenon it still keeps to its main rules.

Gifolote

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he warns that at any moment the crypto can fall to zero. But this is already known without him

Troysen

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Buterin is a very respectable figure in the Cryptocurrency world and his work in ETH is just awesome, but i think we shouldn't let ones personal judgement and opinion stir so much emotions, i mean, people are entitled to their opinions and that is his, doesn't have to cause panic and it will definitely have no direct effect on the crypto market. with the kind of financial pump and investment in cryprocurrencies, i doubt if it will ever get near zero valuation ever.

mashino12

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The market of crypto currency is always a risk, the currency can fall to zero at any time. Almost everyone understands this, so you do not need to invest all your savings

Kulafu

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Quote from: 7788bitcoin on February 25, 2018, 05:38:51 PM

Vitalik Buterin can say anything and it is his opinion because he has already made a lot of money for the rest of his life in his early twenties and he can speculate and predict anything,yes it is possible to go to zero and there is another possibility that it could reach a million dollars,as long as no one can view the future anything is possible.

As long there are investors willing to risk and hoping to earn cryptocurrency will prosper. But what he did could FUD some of the investors.

Kulafu

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Quote from: bituperio on February 25, 2018, 05:46:07 PM

You are not providing an accurate description. He is warning about the risk of cryptos, but not of all cryptos. We already know that any particular crypto can drop to zero.

Though his statement is true but dropping bomb on what he did risking the cryptocurrency. Many people (investors) believe in him.
Sometimes there are words that need to keep by yourself if the results could be damaging.

bituperio

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TRUSTED CARS ICO

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?

You are not providing an accurate description. He is warning about the risk of cryptos, but not of all cryptos. We already know that any particular crypto can drop to zero.

7788bitcoin

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Vitalik Buterin can say anything and it is his opinion because he has already made a lot of money for the rest of his life in his early twenties and he can speculate and predict anything,yes it is possible to go to zero and there is another possibility that it could reach a million dollars,as long as no one can view the future anything is possible.

asena

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In my opinion, there are always big risks about the cryptocurrencies. I think all of the cryptocurrencies have really fluctuate prices, and I think this situation is valid for even the strongest coins. The cryptocurrency world can give you great opportunities, but before making investment, you should be careful about the amounts to not be sad against the possibility of encountering a bad situation.

Rudementry

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Vitalik has a large investment fund. He invests a lot of money in various projects. This statement is like nonsense. Then all of its investment fund is not engaged in profitable business. I do not think so.

cryptoheroin

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Thats the only truth that most of the people doesnt want to accept,he is just giving a warning to those people that are investing all of their money including the retirement money,which is not cool because if the bitcoin's has failed us all of these people will lose their life,and they can recover from that.Market is too volatile so we need to be careful becaise it could rise and fall all of a sudden.

fmasta

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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?

Memorize. Don't believe everything they say. If words are not supported by any facts, evidence or official documents, they can be questioned.

sukey2008

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Of course Cryptocurrency can crash anytime.
So never spend all your money into that, never.
Control the risks and you will never loose.

mariangpalad

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Protocol and Token to Reinvent Skill Validation

There is nothing wrong with his statement because that is the truth that most of the people doesnt know,the market volatility is very high and it could rise and fall all of a sudden that is why i am investing in small businesses because we wont know whem will these cryptocurrencies will collapse we need to be sure that we still have another source of income.

rudolfaxl

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I think that there are a lot of people are involved in BTC, less in ETH and much less in alts. If the market will go down which cryptos will go down first? Of course alts. But I think even if it happens it will be in one-two years, not less.

Melfoy72

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Taklimakan Network : Business Platform for Crypto

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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dApps Development Automation Platform

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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DAVID CHAUM's xx coin SALE IS NOW LIVE!

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.

Bittoshi

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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.

sarfwr

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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.

littleDarper

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

Kulafu

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Quote from: tutbag on 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.

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.

Nerman

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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.

tutbag

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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.

Kulafu

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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.

hamza987

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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.

ardyology

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Escorting Meets The Sharing Economy

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.

madhavanmalolan

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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.

skip60

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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

TopT3ns

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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?

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

Stavri

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Activity: 1036

Merit: 276

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....

dogbackwards

member

Activity: 274

Merit: 13

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.

porfenovich

jr. member

Activity: 164

Merit: 1

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?

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.

nikisev

full member

Activity: 266

Merit: 101

Im the very decease you pretend to be

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.

Vart4varta

member

Activity: 238

Merit: 10

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

LeoEspansq

full member

Activity: 364

Merit: 100

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?

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.

worldooftanks

full member

Activity: 266

Merit: 113

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.

Kulafu

jr. member

Activity: 140

Merit: 2

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.

clrpod

full member

Activity: 322

Merit: 114

I agree entirely. Cryptocurrencies are risky and they operate within a constantly changing environment. Who knows what could come in the future in terms of regulatory changes or such that could really harm cryptocurrencies. It's only wise to look towards more stable asset classes for life savings and the such.

horner35

jr. member

Activity: 93

Merit: 1

Sounds like Vitalik wants to get in cheap while prices are down. If you could move markets with a single sentence wouldn't you take advantage.

Anyone else think the V is a bit off?

Ros-In

member

Activity: 306

Merit: 14

Ofcourse Cryptocurrency can crash anytime, but yet you never see one. As long there one poeple who believe in blockchain tech and keep his money in crypocurrency for example ethereum or bitcoin, and it will back to normal slowly.

bongiu

full member

Activity: 434

Merit: 102

Quote from: Bergiolia on February 19, 2018, 11:10:25 AM

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

There's a possibility that Crypto Market would drop into zero anytime if someone could break blockchain networks and cripple it down and everything on the blockchain will no longer work like it used to be.
After that event, people wouldn't trust blockchain capabilities and it's purpose.
Therefore there would be massive droppings and people will turn their back on investing Cryptocurrencies and instead invest their money elsewhere.
If only there's groups of hackers that could penetrate more than 50% multiple blockchain servers all at the same time then that would be the worst disaster of Blockchain technology.
Nobody wants to put money on destructible networks.

This is exactly what has to happen in order for that zero-dropping to happen. Possibilities yet exist but the risks are too high, and for what? What would be the objective of destroying cryptos forever?

pokokeke

newbie

Activity: 112

Merit: 0

the response of the buterin vitalics is very true because the digital currency is very volatile in its movement and significant. all things can happen in this matter.besides that the crypto currency is getting more and more users and will be faster the movement also happens.

MartiniBlanco

sr. member

Activity: 647

Merit: 260

There is always a risk that all your currencies could lose the value over a couple of months. But we need some reasons before this will happen and I am sure that it will not happen!

renes

sr. member

Activity: 532

Merit: 250

Yes it can, traditional investments are safer than cryptocurrency investment and there is nothing interesting about it Roll Eyes

Most cryptocurrencies will eventually drop to near zero.

t3hpwnographer

member

Activity: 196

Merit: 11

I agree to some extent. I think the crypto market is definitely still too volatile for your life savings. You can make bigger gains with crypto, but you can also experience much bigger losses as seen during this recent dip. So while I wouldn't trust crypto with any money that's necessary for living now or for my retirement down the road, I think it's a perfectly fine way to invest spare funds and perhaps make a nice profit for spending money.

Bergiolia

full member

Activity: 224

Merit: 101

HEXCASH - Decentralized Fund

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

There's a possibility that Crypto Market would drop into zero anytime if someone could break blockchain networks and cripple it down and everything on the blockchain will no longer work like it used to be.
After that event, people wouldn't trust blockchain capabilities and it's purpose.
Therefore there would be massive droppings and people will turn their back on investing Cryptocurrencies and instead invest their money elsewhere.
If only there's groups of hackers that could penetrate more than 50% multiple blockchain servers all at the same time then that would be the worst disaster of Blockchain technology.
Nobody wants to put money on destructible networks.

Kulafu

jr. member

Activity: 140

Merit: 2

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?

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