Vitalik Buterin Statment Regarding Cryptocurrencies

cryptomema

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Quote from: ziyush on February 20, 2018, 12:29:49 PM

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

Ripple - Working with Banks to become Part of Transaction, If we follow Buterin Statement then What is the use of RIPPLE In BANKS and Banks will OPT this

I don't think we need to take Vitalik Buterin statement seriously and the reason is HE is DEVELOPER and NO ONE Can control or predict anything about Cryptocurrencies.

Vitalik Buterin have sold some of his share with Eth Price is 8$, he never imagined that price will even go above 500$ but this happened and now the only reason he passed this statement because many people started investing their life-saving in cryptocurrency and he want to restrict such people to invest in crypto coins where price is very fluctuating and no one can predict where price will go and how people will act on it.

If you people have any thought please do share and contribute.

Theres nothing wrong about telling the truth because of the cryptocurrency's volatility that is just a good and honest statement from the founder of a solid platform.Though the possibility of getting these altcoins into zero value would be less its still possible that these currencies will come to their end if bitcoin's price surged up in the future most of the altcoins will surely wont have any value.

Crasengover

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Quote from: bug.lady on February 21, 2018, 06:23:11 AM

Quote from: ziyush on February 20, 2018, 12:29:49 PM

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

Ripple - Working with Banks to become Part of Transaction, If we follow Buterin Statement then What is the use of RIPPLE In BANKS and Banks will OPT this

I don't think we need to take Vitalik Buterin statement seriously and the reason is HE is DEVELOPER and NO ONE Can control or predict anything about Cryptocurrencies.

Vitalik Buterin have sold some of his share with Eth Price is 8$, he never imagined that price will even go above 500$ but this happened and now the only reason he passed this statement because many people started investing their life-saving in cryptocurrency and he want to restrict such people to invest in crypto coins where price is very fluctuating and no one can predict where price will go and how people will act on it.

If you people have any thought please do share and contribute.

Obviously the more people invest into crypto the higher his own coins will be, so I don't know why he would be saying what he has said, it seems to be against his interest. One reason that comes to mind is that he was executing someone else's command - he is known to work close with Vladimir Putin so maybe he had to say what he has said.

He already earns millions of dollars on crypto, so he just don't care about the money. He cares about the usage of blockchain technologies, and he stated many times, that he doesn't like the speculations that are made on the market now, so I can understand his appeal.

nsasuiteb

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Vitalik holds lots of eth, he probably does not talk about high quality coins, but for most tokens I agree they can drop to zero. He probably has lots of investments of other kinds.

khendjer

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Since all the cryptomarket including Ethereum is quite volatile Vitalik just don't want to be blamed for someone else's mistakes and losses. That post is a way to avoid any possible accusations.

rbt

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Quote from: chukaday on February 20, 2018, 01:36:28 PM

Well he is not wrong, any market that has risk could easily drop to zero if all confidence is lost. However, I don't know why he would underestimate the tech that he created, weird that the creator themselves loses confidence before the market does. Only in god damn crypto would that happen lolz! Cheesy

Vitalik Buterin never lost confidence in Ethereum or crypto since he clearly is still actively involved in, the above quote probably has been taken completely out of context. Why should we assume Vitalik underestimates the tech he created?

bug.lady

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Quote from: ziyush on February 20, 2018, 12:29:49 PM

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

Ripple - Working with Banks to become Part of Transaction, If we follow Buterin Statement then What is the use of RIPPLE In BANKS and Banks will OPT this

I don't think we need to take Vitalik Buterin statement seriously and the reason is HE is DEVELOPER and NO ONE Can control or predict anything about Cryptocurrencies.

Vitalik Buterin have sold some of his share with Eth Price is 8$, he never imagined that price will even go above 500$ but this happened and now the only reason he passed this statement because many people started investing their life-saving in cryptocurrency and he want to restrict such people to invest in crypto coins where price is very fluctuating and no one can predict where price will go and how people will act on it.

If you people have any thought please do share and contribute.

Obviously the more people invest into crypto the higher his own coins will be, so I don't know why he would be saying what he has said, it seems to be against his interest. One reason that comes to mind is that he was executing someone else's command - he is known to work close with Vladimir Putin so maybe he had to say what he has said.

Crypt0BHunter

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I think it's just manipulation with market, cause some one want's to buy etherium much cheaper

cryptonero

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Quote from: ziyush on February 20, 2018, 12:29:49 PM

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

Ripple - Working with Banks to become Part of Transaction, If we follow Buterin Statement then What is the use of RIPPLE In BANKS and Banks will OPT this

I don't think we need to take Vitalik Buterin statement seriously and the reason is HE is DEVELOPER and NO ONE Can control or predict anything about Cryptocurrencies.

Vitalik Buterin have sold some of his share with Eth Price is 8$, he never imagined that price will even go above 500$ but this happened and now the only reason he passed this statement because many people started investing their life-saving in cryptocurrency and he want to restrict such people to invest in crypto coins where price is very fluctuating and no one can predict where price will go and how people will act on it.

If you people have any thought please do share and contribute.

He might be right because the cryptocurrency's market is too volatile,to the point that manipulations are getting worst.All the people who has the most bitcoins would be the one who are responsible for the whole market's faith.His statement is valid and he just want us to realize that possibility of losing money in cryptocurrecnies are much higher than any existing market in the world.

marados

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Quote from: ziyush on February 20, 2018, 12:29:49 PM

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

Ripple - Working with Banks to become Part of Transaction, If we follow Buterin Statement then What is the use of RIPPLE In BANKS and Banks will OPT this

I don't think we need to take Vitalik Buterin statement seriously and the reason is HE is DEVELOPER and NO ONE Can control or predict anything about Cryptocurrencies.

Vitalik Buterin have sold some of his share with Eth Price is 8$, he never imagined that price will even go above 500$ but this happened and now the only reason he passed this statement because many people started investing their life-saving in cryptocurrency and he want to restrict such people to invest in crypto coins where price is very fluctuating and no one can predict where price will go and how people will act on it.

If you people have any thought please do share and contribute.

Not sure, but to me it somehow feels like he "had" to say that. I mean we all know it could got to zero anytime, but also we aren't at that time yet. It's still pretty early.

Only problem might be that banks could one day have their own decentralized currency, and then again whole point of cryptocurrencies will be questioned, since it will again be in hands of one entity.

ghonkz

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Quote from: pearlsome on February 20, 2018, 01:31:05 PM

I do not think that Buterin is envying or angry because he sold Ethireum cheaply.
I think he says it because he wants to protect people from stupid, thoughtless decisions.
Many sell cars and apartments, take money and buy cryptocurrency or equipment for mining. They do not understand the risk of losing everything. They have dollars and profits in their eyes, but this is not true. I invest as much as I'm ready to lose. This is a risk and no insurance at all.

Yeah exactly, ive seen some crazy people who sold everything they have and even make a loan to bank. This is very risky decission and that guy can end up losing money. We all know that cryptocurrency is very fluktuable there no way some coin always increasing in term of price

chukaday

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Well he is not wrong, any market that has risk could easily drop to zero if all confidence is lost. However, I don't know why he would underestimate the tech that he created, weird that the creator themselves loses confidence before the market does. Only in god damn crypto would that happen lolz! Cheesy

nakauten

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Quote from: ziyush on February 20, 2018, 12:29:49 PM

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

Ripple - Working with Banks to become Part of Transaction, If we follow Buterin Statement then What is the use of RIPPLE In BANKS and Banks will OPT this

I don't think we need to take Vitalik Buterin statement seriously and the reason is HE is DEVELOPER and NO ONE Can control or predict anything about Cryptocurrencies.

Vitalik Buterin have sold some of his share with Eth Price is 8$, he never imagined that price will even go above 500$ but this happened and now the only reason he passed this statement because many people started investing their life-saving in cryptocurrency and he want to restrict such people to invest in crypto coins where price is very fluctuating and no one can predict where price will go and how people will act on it.

If you people have any thought please do share and contribute.

He just want to warn most of us because thats the truth,people doesnt care about the risk until they have faced the great dooms of their life,more peole are investing their life savings and hope that it will make them millionaires,it really can but the thing is the risk of losing their investment would be very high and irreversable,vitalik doesnt want people to take his stament seriosly but he just want to wake up most of the people that this is just all temporary.

pearlsome

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I do not think that Buterin is envying or angry because he sold Ethireum cheaply.
I think he says it because he wants to protect people from stupid, thoughtless decisions.

Many sell cars and apartments, take money and buy cryptocurrency or equipment for mining. They do not understand the risk of losing everything. They have dollars and profits in their eyes, but this is not true. I invest as much as I'm ready to lose. This is a risk and no insurance at all.

weborsha

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No one can predict what may happen to cryptocurrency tomorrow - wrong. It is the phenomenon, which price is mainly based on demand. So while people need it - it will become more valuable

sourish

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This quote bu Buterin has been taken completely out of context, and like someone said earlier, already been discussed and debated over. He was just cautioning people on wise investing and not making any predictions or statements to that effect.

itsv

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At least the guy is honest give him that.. Crypto market is highly speculative.. recent FUD's from kore , india and other countries are proof of that.. banning crypto bla bla.. I would not say bitcoin, ethereum or litecoin will go to zero but most of the altcoins that have no use apart from a fency name are destined to fail you will find most popular personalities have already said that in few year many tokens will worth zero. Crypto is here to say but shitcoins aren't

ziyush

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Quote from: NeuroticFish on February 20, 2018, 12:38:30 PM

Quote from: ziyush on February 20, 2018, 12:29:49 PM

Vitalik Buterin - Cryptocurrencies could drop to near-zero at any time
........................
If you people have any thought please do share and contribute.

There are already at least 2 threads on this subject - here and here - so I expect that the only "contribution" will be spam.

You guys should really search a little before posting...

I just shared my views, I missed those 2 threads otherwise i have not started this.

Greenw87dpecker

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Quote from: ziyush on February 20, 2018, 12:29:49 PM

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

Ripple - Working with Banks to become Part of Transaction, If we follow Buterin Statement then What is the use of RIPPLE In BANKS and Banks will OPT this

I don't think we need to take Vitalik Buterin statement seriously and the reason is HE is DEVELOPER and NO ONE Can control or predict anything about Cryptocurrencies.

Vitalik Buterin have sold some of his share with Eth Price is 8$, he never imagined that price will even go above 500$ but this happened and now the only reason he passed this statement because many people started investing their life-saving in cryptocurrency and he want to restrict such people to invest in crypto coins where price is very fluctuating and no one can predict where price will go and how people will act on it.

If you people have any thought please do share and contribute.

I don't trust the opinion of famous people. When someone says that this or that coin is good - it jumps up in price when someone says that the coin is bad - falls. These are elements of HYIP and do not need to give them too much sense. On the other hand, these words can be taken out of context or misunderstood. I think you need to watch the full interview to make any conclusions.

BTCMILLIONAIRE

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The US Dollar could become worthless in a flash as well if the treasury keeps printing money like toilet paper.

There's always risk involved, the trick is finding out how large said risks are so that you can prepare yourself with a proper strategy.

Yalovtsev

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Soon rynko crypts of a current will grow and develop also current increase,every day new organizations,the markets,society and so on begin to prize it.Begin to create smart things on the basis of smart contracts, but certainly slag-coins for which there is nothing not worth, will go to the bottom,but those behind which technology, will be in price and demand

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