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Title: "Ethereum" founder warns cryptocurrencies ‘could drop to near-zero at any time’ Post by: First77 on February 19, 2018, 01:50:16 PM Virtual currencies are still a newcomer class in the world of assets and could drastically fall at any time, according to the founder of blockchain network Ethereum and the digital currency of the same name, Vitalik Buterin.
“Reminder: cryptocurrencies are still a new and hyper-volatile asset class, and could drop to near-zero at any time,” the entrepreneur tweeted. “Don't put in more money than you can afford to lose.”According to the programmer, people shouldn’t invest into assets which are so highly volatile “If you're trying to figure out where to store your life savings, traditional assets are still your safest bet,” Buterin added.Digital currencies managed to recover slightly after a massive sell-off earlier this year that washed nearly $100 billion out of the market in a single day. Bitcoin, the world’s number one cryptocurrency, recovered to $11,000 this week after falling below $6,000 earlier in the month. Other digital currencies also rose after posting steep losses last month. Ethereum, the second-largest crypto by market value, was trading at $946, while third-ranked ripple climbed to $1.15 https://www.rt.com/business (https://www.rt.com/business/419195-cryptocurrencies-near-zero-ethereum-buterin) Title: Re: "Ethereum" founder warns cryptocurrencies ‘could drop to near-zero at any time’ Post by: mk4 on February 19, 2018, 01:55:53 PM Lots of people on social media sites like Facebook are raging against Vitalik due to what he said. But he's actually right. The cryptocurrency could take a nosedive anytime and could take years and years on end to rebound in price. In my opinion what Vitalik said is better than shilling Ethereum for price rises. People on Facebook are saying that Vitalik is spreading FUD; but Vitalik is a very smart guy, and he's just being very realistic.
Title: Re: "Ethereum" founder warns cryptocurrencies ‘could drop to near-zero at any time’ Post by: judeafante on February 19, 2018, 02:01:40 PM Lots of people on social media sites like Facebook are raging against Vitalik due to what he said. But he's actually right. The cryptocurrency could take a nosedive anytime and could take years and years on end to rebound in price. In my opinion what Vitalik said is better than shilling Ethereum for price rises. People on Facebook are saying that Vitalik is spreading FUD; but Vitalik is a very smart guy, and he's just being very realistic. Being realistic?I don't know I think he should just shut his mouth and enjoy his new find riches, he is a multi millionaire now, but unlike the creator of Bitcoin, he is well known some of the his quotes are ruining what he has built and the other people around his ethereum. Title: Re: "Ethereum" founder warns cryptocurrencies ‘could drop to near-zero at any time’ Post by: preshpr1nce on February 19, 2018, 02:02:38 PM I agree with everything he says, there are 1000s of coins and only a small percent offer true value, it's a new market still when compared to others and it has proven to be volatile.
Now does this mean you should sell up and move on? no, he's not saying that, just invest wisely and don't risk more than you can afford to lose, these rules have always applied and his words change nothing, he's just telling it how it is. If you sell or panic on news like this just get out of the game already, such emotion doesn't work in this market and your odds of making profit are slim. Being realistic?I don't know I think he should just shut his mouth and enjoy his new find riches, he is a multi millionaire now, but unlike the creator of Bitcoin, he is well known some of the his quotes are ruining what he has built and the other people around his ethereum. Can also say no FUD is good FUD, have to question why he said this as some one in his position should be encouraging growth, while his comments are honest, you have to ask if he has another agenda behind it. Title: Re: "Ethereum" founder warns cryptocurrencies ‘could drop to near-zero at any time’ Post by: HashFace on February 19, 2018, 02:04:51 PM “Reminder: cryptocurrencies are still a new and hyper-volatile asset class, and could drop to near-zero at any time,” the entrepreneur tweeted. “Don't put in more money than you can afford to lose.”
“If you're trying to figure out where to store your life savings, traditional assets are still your safest bet,” Buterin added. I agree 100%. It is doubtful Bitcoin or Ethereum will suffer that kind of fake, but it "could" happen. I think the warning more applies to 1000s of "Useless Ethereum Tokens" that are getting launched. And there is no better advice than "don't put money in that can't afford to lose". I started with 2% of my savings. I won't be happy if this all goes to shit, but I won't be devastated. Crypto is fun. There are hardly any rules, and the rules they do have are largely unenforceable or easily circumvented. It's the Wild West of asset classes. That makes is interesting and very entertaining, but also dangerous. Title: Re: "Ethereum" founder warns cryptocurrencies ‘could drop to near-zero at any time’ Post by: Crystacool on February 19, 2018, 02:07:20 PM Virtual currencies are still a newcomer class in the world of assets and could drastically fall at any time, according to the founder of blockchain network Ethereum and the digital currency of the same name, Vitalik Buterin. I agree with him. Most of the cryptocurrencies on the market today are not actually useful, they are air, and they will eventually become zero.“Reminder: cryptocurrencies are still a new and hyper-volatile asset class, and could drop to near-zero at any time,” the entrepreneur tweeted. “Don't put in more money than you can afford to lose.” According to the programmer, people shouldn’t invest into assets which are so highly volatile. “If you're trying to figure out where to store your life savings, traditional assets are still your safest bet,” Buterin added. Digital currencies managed to recover slightly after a massive sell-off earlier this year that washed nearly $100 billion out of the market in a single day. Bitcoin, the world’s number one cryptocurrency, recovered to $11,000 this week after falling below $6,000 earlier in the month. Other digital currencies also rose after posting steep losses last month. Ethereum, the second-largest crypto by market value, was trading at $946, while third-ranked ripple climbed to $1.15 https://www.rt.com/business (https://www.rt.com/business/419195-cryptocurrencies-near-zero-ethereum-buterin) There is only a small fraction of the last cryptocurrency market to survive.So when we invest, we need to make a risk estimate. Title: Re: "Ethereum" founder warns cryptocurrencies ‘could drop to near-zero at any time’ Post by: mk4 on February 19, 2018, 02:08:06 PM Lots of people on social media sites like Facebook are raging against Vitalik due to what he said. But he's actually right. The cryptocurrency could take a nosedive anytime and could take years and years on end to rebound in price. In my opinion what Vitalik said is better than shilling Ethereum for price rises. People on Facebook are saying that Vitalik is spreading FUD; but Vitalik is a very smart guy, and he's just being very realistic. Being realistic?I don't know I think he should just shut his mouth and enjoy his new find riches, he is a multi millionaire now, but unlike the creator of Bitcoin, he is well known some of the his quotes are ruining what he has built and the other people around his ethereum. Yes, realistic. Because the crypto markets going to near-zero is theoretically possible, but I'm definitely not saying that it will happen. Shut his mouth? I actually liked his tweet even though a lot of people got angry at him for that tweet. I'm pretty sure that tweet is aimed at people who think that cryptos are going to go up forever "to the moon" and all those childish crap; if anything, it may help people have realistic expectations when it comes to the market, that there is always a risk when talking about investing in general. And how is his quotes ruining what he built? Whether or not Ethereum is at $750, $950, as high as $10,000 or as low as $50, it's still the same exact product. Price itself isn't an indicator of a coin's/project's success. Title: Re: "Ethereum" founder warns cryptocurrencies ‘could drop to near-zero at any time’ Post by: eminemcookie on February 19, 2018, 02:09:53 PM While I agree with what Vitalik has said it is also a fair point that his comments can be damaging to the cryptocurrencies market. Many people will not understand that he is just trying to advise people to be sensible instead of damning cryptocurrencies all together.
Most of us are smart enough to realise that volatility is dangerous and you must be careful when investing but many others do not understand this. Title: Re: "Ethereum" founder warns cryptocurrencies ‘could drop to near-zero at any time’ Post by: Gabriellefull on February 19, 2018, 02:20:16 PM Virtual currencies are still a newcomer class in the world of assets and could drastically fall at any time, according to the founder of blockchain network Ethereum and the digital currency of the same name, Vitalik Buterin. I agree with him. Now there are many currencies in the cryptocurrency market that are worthless, and in the future they will become zero. If investors invest in these encrypted currencies, he may lose a lot of money.“Reminder: cryptocurrencies are still a new and hyper-volatile asset class, and could drop to near-zero at any time,” the entrepreneur tweeted. “Don't put in more money than you can afford to lose.” According to the programmer, people shouldn’t invest into assets which are so highly volatile. “If you're trying to figure out where to store your life savings, traditional assets are still your safest bet,” Buterin added. Digital currencies managed to recover slightly after a massive sell-off earlier this year that washed nearly $100 billion out of the market in a single day. Bitcoin, the world’s number one cryptocurrency, recovered to $11,000 this week after falling below $6,000 earlier in the month. Other digital currencies also rose after posting steep losses last month. Ethereum, the second-largest crypto by market value, was trading at $946, while third-ranked ripple climbed to $1.15 https://www.rt.com/business (https://www.rt.com/business/419195-cryptocurrencies-near-zero-ethereum-buterin) Title: Re: "Ethereum" founder warns cryptocurrencies ‘could drop to near-zero at any time’ Post by: CryptoBeefy on February 19, 2018, 02:24:39 PM Virtual currencies are still a newcomer class in the world of assets and could drastically fall at any time, according to the founder of blockchain network Ethereum and the digital currency of the same name, Vitalik Buterin. “Reminder: cryptocurrencies are still a new and hyper-volatile asset class, and could drop to near-zero at any time,” the entrepreneur tweeted. “Don't put in more money than you can afford to lose.” According to the programmer, people shouldn’t invest into assets which are so highly volatile. “If you're trying to figure out where to store your life savings, traditional assets are still your safest bet,” Buterin added. Digital currencies managed to recover slightly after a massive sell-off earlier this year that washed nearly $100 billion out of the market in a single day. Bitcoin, the world’s number one cryptocurrency, recovered to $11,000 this week after falling below $6,000 earlier in the month. Other digital currencies also rose after posting steep losses last month. Ethereum, the second-largest crypto by market value, was trading at $946, while third-ranked ripple climbed to $1.15 https://www.rt.com/business (https://www.rt.com/business/419195-cryptocurrencies-near-zero-ethereum-buterin) Whilst technically it could, it could also rise further more. There are a lot of worthless cryptocurrencies without and tangible business or product, I can see those crashing but at the end of the day, cream always rises to the top. Title: Re: "Ethereum" founder warns cryptocurrencies ‘could drop to near-zero at any time’ Post by: Klestar on February 19, 2018, 02:26:33 PM Yes this is true. The high volatility rate of bitcoin which is caused by its value's speculative nature could be the one to blame. Which might bring about an unprecedented price drop or increase. There is really nothing we could do about it unless we use a cettain material to be a basis for bitcoin's monetary value that would ultimately end the high volatility rate of bitcoin itself and making it more stable than it was before.
Title: Re: "Ethereum" founder warns cryptocurrencies ‘could drop to near-zero at any time’ Post by: alyssa85 on February 19, 2018, 02:26:42 PM Being realistic?I don't know I think he should just shut his mouth and enjoy his new find riches, he is a multi millionaire now, but unlike the creator of Bitcoin, he is well known some of the his quotes are ruining what he has built and the other people around his ethereum. He's trying to protect crypto for the long term. The types of people who rush in because they think everything is going to moon are also the types that demand strict regulation when they lose money. In fact I'm pretty sure that the reason banks stopped allowing bitcoin purchases with credit cards was because they were experiencing chargebacks from people who bought and then the price fell, and they wanted someone else to pay while they kept their coins. That kind of thing gives crypto a bad name. Title: Re: "Ethereum" founder warns cryptocurrencies ‘could drop to near-zero at any time’ Post by: Lucius on February 19, 2018, 02:27:41 PM It is nothing strange in the fact that people should be warn regarding cryptocurrency,this is something very risky.We've got used to it already since banks and other financial institutions repeating it day by day.But I agree that it is strange that Buterin say : "people shouldn’t invest into assets which are so highly volatile" and also say that some traditional assets like gold/silver/precious stones is better option for storing life savings.
It seems that after he filled his pockets with fiat thanks to cryptocurrency,he changed his mind and now he is maybe suggests people to sell crypto and invest somewhere else.Maybe he is hunting for some cheap coins or he drank too much vodka this winter ;) Title: Re: "Ethereum" founder warns cryptocurrencies ‘could drop to near-zero at any time’ Post by: dificanovi on February 19, 2018, 02:29:53 PM crypto currency is often experienced up and down but will not reach zero so easy. the price of the kropto currency will always be valuable because investors often buy some coins to sell in the future at an expensive price.
the digital currency is recovering as investors start buying bitcoins and hold them until the end of the year as bitcoin prices will rise further by the end of the year. Title: Re: "Ethereum" founder warns cryptocurrencies ‘could drop to near-zero at any time’ Post by: Carlsen on February 19, 2018, 02:30:12 PM I do not see a problem with that statement, in fact I completely agree with it.
There are many ways you can lose coins. It does not even have to be a drop in price, although that is possible as well. I think he is aware that with the invention of a coin comes some social responsibility. People should not lose money because of his creation. Title: Re: "Ethereum" founder warns cryptocurrencies ‘could drop to near-zero at any time’ Post by: cioloxl on February 19, 2018, 02:32:58 PM Lots of people on social media sites like Facebook are raging against Vitalik due to what he said. But he's actually right. The cryptocurrency could take a nosedive anytime and could take years and years on end to rebound in price. In my opinion what Vitalik said is better than shilling Ethereum for price rises. People on Facebook are saying that Vitalik is spreading FUD; but Vitalik is a very smart guy, and he's just being very realistic. Being realistic?I don't know I think he should just shut his mouth and enjoy his new find riches, he is a multi millionaire now, but unlike the creator of Bitcoin, he is well known some of the his quotes are ruining what he has built and the other people around his ethereum. Not necessarily, but it certainly does play a big factor. Maybe not for ethereum, seeing that most of the devs and people behind are quite probably very well off, but it's not the case for new projects. That being said, I don't think anyone can pin an accurate price on cryptos right now. We just have no actual clue on how well integrated into our current socio-economic status-quo they can be. If at all. I'm convinced they will play a huge role in the future, but it could be also that I'm biased given that I'm heavily invested in them. Title: Re: "Ethereum" founder warns cryptocurrencies ‘could drop to near-zero at any time’ Post by: SLaPShoCk on February 19, 2018, 02:34:04 PM He's just spreading FUD to buy cheap bitcoins. :P But seriously he's right. But as long as we buLLieve on what cryptocurrencies can do, with the technology behind it we are ok. There are a lot of crypto will surely die but btc, eth and a few will survive.
Title: Re: "Ethereum" founder warns cryptocurrencies ‘could drop to near-zero at any time’ Post by: santino11 on February 19, 2018, 02:37:57 PM Lots of people on social media sites like Facebook are raging against Vitalik due to what he said. But he's actually right. The cryptocurrency could take a nosedive anytime and could take years and years on end to rebound in price. In my opinion what Vitalik said is better than shilling Ethereum for price rises. People on Facebook are saying that Vitalik is spreading FUD; but Vitalik is a very smart guy, and he's just being very realistic. Vitalik is definitely saying what is true and realistic, Investing in cryptocurrency is not good for everyone who is putting most of his/her assets. As professionals and experts say, people should invest 10-20 percents oh his FIAT assets. But we are taking the risk, as all of us know that riskier will have better profit Title: Re: "Ethereum" founder warns cryptocurrencies ‘could drop to near-zero at any time’ Post by: VitKoyn on February 19, 2018, 02:41:28 PM Well even most people here don't like what Vitalik Buterin said that cryptocurrencies could drop near to zero anytime (which is very unlikely to happen with Bitcoin), it is true that we should not invest more money than you can afford to lose because cryptocurrency market are highly volatile. Cryptocurrencies are also not good to use as store of value, this is why we should still use a more stable one for our savings. But I don't think this statements will affect the price of the markets, it is just that people misunderstands and thinks that he means that don't invest in cryptocurrency and not what what he really meant.
Title: Re: "Ethereum" founder warns cryptocurrencies ‘could drop to near-zero at any time’ Post by: First77 on February 19, 2018, 02:45:02 PM Most of us are smart enough to realise that volatility is dangerous and you must be careful when investing but many others do not understand this. Bitcoin $1 to $1000 in 8 years. Looks giant ponzi scheme Title: Re: "Ethereum" founder warns cryptocurrencies ‘could drop to near-zero at any time’ Post by: mk4 on February 19, 2018, 02:57:27 PM Most of us are smart enough to realise that volatility is dangerous and you must be careful when investing but many others do not understand this. Bitcoin $1 to $1000 in 8 years. Looks giant ponzi scheme A Ponzi scheme is a fraudulent investing scam promising high rates of return with little risk to investors. - investopedia (https://www.investopedia.com/terms/p/ponzischeme.asp) Sure, bitcoin did actually rise a huge huge percentage from years ago. But this is only due to supply and demand. "Bitcoin" didn't promise any returns as bitcoin isn't a company and there's no sort of primary leader that can make such claims. So your argument is invalid. Title: Re: "Ethereum" founder warns cryptocurrencies ‘could drop to near-zero at any time’ Post by: Dapper on February 19, 2018, 03:03:28 PM Props to Vitalik for keeping it real.
And I agree, ETH or BTC at $1 or $10,000 is still an intrinsic success. It's not a success or failure based on some person's trading profits. That said, I do admit it's easier to keep it real when you're among those who have already cashed in somewhat and have locked in their gains. Title: Re: "Ethereum" founder warns cryptocurrencies ‘could drop to near-zero at any time’ Post by: First77 on February 19, 2018, 03:07:43 PM A Ponzi scheme is a fraudulent investing scam promising high rates of return with little risk to investors. - investopedia (https://www.investopedia.com/terms/p/ponzischeme.asp) Sure, bitcoin did actually rise a huge huge percentage from years ago. But this is only due to supply and demand. "Bitcoin" didn't promise any returns as bitcoin isn't a company and there's no sort of primary leader that can make such claims. So your argument is invalid. What is 100,000% profit for Bitcoin in 8 years ?? Title: Re: "Ethereum" founder warns cryptocurrencies ‘could drop to near-zero at any time’ Post by: BrewMaster on February 19, 2018, 03:10:41 PM of course i would have said the same thing if i became a multi millionaire by simply premining a coin that is then pumped by banks to the moon!
he didn't even invest in his own creation. he just released it and BAM! he became rich by dumping a small part of the premined coin he held. and the worst part is that his project (ethereum) is not even good! Title: Re: "Ethereum" founder warns cryptocurrencies ‘could drop to near-zero at any time’ Post by: First77 on February 19, 2018, 03:12:23 PM of course i would have said the same thing if i became a multi millionaire by simply premining a coin that is then pumped by banks to the moon! Old time buyers/investors have earned 10,000 times profit by all those talks and now they fear "total loss" Title: Re: "Ethereum" founder warns cryptocurrencies ‘could drop to near-zero at any time’ Post by: JuniAiko on February 19, 2018, 03:13:19 PM If the price of the crypto that you hold drops 1 or even 2%, and that makes you nervous, and dropping 5% or 10% makes you panic, then you probably have invested more than you can afford to.
Title: Re: "Ethereum" founder warns cryptocurrencies ‘could drop to near-zero at any time’ Post by: mk4 on February 19, 2018, 03:18:20 PM A Ponzi scheme is a fraudulent investing scam promising high rates of return with little risk to investors. - investopedia (https://www.investopedia.com/terms/p/ponzischeme.asp) Sure, bitcoin did actually rise a huge huge percentage from years ago. But this is only due to supply and demand. "Bitcoin" didn't promise any returns as bitcoin isn't a company and there's no sort of primary leader that can make such claims. So your argument is invalid. What is 100,000% profit for Bitcoin in 8 years ?? It's called demand. I'm going to give you the definition once again as you might not know the meaning. Demand is an economic principle that describes a consumer's desire and willingness to pay a price for a specific good or service. -investopedia (https://www.investopedia.com/terms/d/demand.asp) Bitcoin was barely known by anyone back then because it was too new, hence not much people was actually buying them. Then more-popular and easy to use wallets has been created, hence more people were actually enabled to use bitcoin, combine that with the "moon" shills. Hence, a huge influx of people buying = a huge increase in price. Title: Re: "Ethereum" founder warns cryptocurrencies ‘could drop to near-zero at any time’ Post by: eagleman on February 19, 2018, 03:18:32 PM That made me think that he's paid just to say that.
In his part, I don't know if he's too concern with the people investing to crypto or his thinking that we are already crowded but he's right on what he said. Volatility means that it can go up to 1000000000xxx or it can down to 0 (one digit). Even it's a warning coming from, why he didn't said that when ETH is only $20? Title: Re: "Ethereum" founder warns cryptocurrencies ‘could drop to near-zero at any time’ Post by: mk4 on February 19, 2018, 03:26:12 PM Even it's a warning coming from, why he didn't said that when ETH is only $20? Probably because as the price increased a lot compared to a few years ago, a lot of people grew to become more and more unrealistic with their expectations when it comes to the market especially with the recent huge influx of investors(100x price increase is possible? why not 10000x!). Heck, people are stupid enough to even sell their homes to invest in crypto. Expectations are definitely too high. Title: Re: "Ethereum" founder warns cryptocurrencies ‘could drop to near-zero at any time’ Post by: HeRetiK on February 19, 2018, 03:26:48 PM Lots of people on social media sites like Facebook are raging against Vitalik due to what he said. But he's actually right. The cryptocurrency could take a nosedive anytime and could take years and years on end to rebound in price. In my opinion what Vitalik said is better than shilling Ethereum for price rises. People on Facebook are saying that Vitalik is spreading FUD; but Vitalik is a very smart guy, and he's just being very realistic. I 100% concur. Personally, I still strongly believe that technologically sound cryptos have a higher chance of increasing in value and utility rather than dropping to near zero and vanishing completely. But nonetheless there still is a chance that cryptos become utterly worthless in the future. And definitely no one should invest more than they can afford to lose (technically true for pretty much every riskier investment, to be honest). Claiming otherwise would be irresponsible, so hats off to Vitalik for speaking the truth. Old time buyers/investors have earned 10,000 times profit by all those talks and now they fear "total loss" I don't think anyone is worried about the early adopters. It's mostly the new money that needs to be made aware of the risk, as they lack the experience and stand to lose the most. Title: Re: "Ethereum" founder warns cryptocurrencies ‘could drop to near-zero at any time’ Post by: HashFace on February 19, 2018, 03:30:11 PM A Ponzi scheme is a fraudulent investing scam promising high rates of return with little risk to investors. - investopedia (https://www.investopedia.com/terms/p/ponzischeme.asp) Sure, bitcoin did actually rise a huge huge percentage from years ago. But this is only due to supply and demand. "Bitcoin" didn't promise any returns as bitcoin isn't a company and there's no sort of primary leader that can make such claims. So your argument is invalid. What is 100,000% profit for Bitcoin in 8 years ?? His point is that in a Ponzi Scheme there is always a central figure, who promises guaranteed returns, and controls all the accounts and can make off with all the money any time they feel like it. In Bitcoin, there is no central figure, if you take security measures no one can empty your wallet (account), and there is no one promising you that you will make a penny in the long run. In fact, as the thread points out, quite the opposite. The central figure in Ethereum isn't promising you anything and advising you to diversify away from Cryptos. Can you find a Bernie Madoff quote like that? Title: Re: "Ethereum" founder warns cryptocurrencies ‘could drop to near-zero at any time’ Post by: Caesar-Giulius on February 19, 2018, 03:43:22 PM Of course, anything can happen in investment. There are risks and returns, so everyone should make their own decisions and invest within their means.
Title: Re: "Ethereum" founder warns cryptocurrencies ‘could drop to near-zero at any time’ Post by: Noigu99 on February 19, 2018, 03:45:05 PM should we be worried? :-\
Title: Re: "Ethereum" founder warns cryptocurrencies ‘could drop to near-zero at any time’ Post by: Slow death on February 19, 2018, 03:46:45 PM Reminder: cryptocurrencies are still a new and hyper-volatile asset class, and could drop to near-zero at any time This is ironic. Vitalik Buterin Donates $2.4 Million In Ether To Anti-Aging Research (https://cointelegraph.com/news/vitalik-buterin-donates-24-million-in-ether-to-anti-aging-research) Quote from: https://cointelegraph.com/news/vitalik-buterin-donates-24-million-in-ether-to-anti-aging-research The SENS Research Foundation, a charity funding research for treating-age related diseases, has received a $2.4 million Ether donation from Ethereum co-founder Vitalik Buterin, according to a press release on the charity’s website Friday, Feb. 1. If cryptocurrencies can really go to zero at any time, then why did he do such a thing? Is he making any joke with charity funding research? Or did he donate because he knows that ETH is a coin and has its value? the entrepreneur tweeted. “Don't put in more money than you can afford to lose. This is good advice, but this rule applies to all investments. According to the programmer, people shouldn’t invest into assets which are so highly volatile :o so he's saying people should not buy ETH, bitcoin and all altcoins? how does he think ETH has value? "If you're trying to figure out where to store your life savings, traditional assets are still your safest bet” Buterin added. he got rich because many people invested / bought ETH and the price became high, so he's spitting on the dish he eats Title: Re: "Ethereum" founder warns cryptocurrencies ‘could drop to near-zero at any time’ Post by: rifiuti on February 19, 2018, 03:49:24 PM Title: Re: "Ethereum" founder warns cryptocurrencies ‘could drop to near-zero at any time’ Post by: winspiral on February 19, 2018, 03:52:52 PM Most of us are smart enough to realise that volatility is dangerous and you must be careful when investing but many others do not understand this. Bitcoin $1 to $1000 in 8 years. Looks giant ponzi scheme I see you do not know what a ponzi scheme is. With a ponzi sheme you have not the hand. First ones are paid from last ones. Bitcoin are traded...so you can never call them a ponzi scheme. Title: Re: "Ethereum" founder warns cryptocurrencies ‘could drop to near-zero at any time’ Post by: toanhang2000 on February 19, 2018, 03:53:31 PM fgh
Title: Re: "Ethereum" founder warns cryptocurrencies ‘could drop to near-zero at any time’ Post by: LeonardoDiCrypto on February 19, 2018, 04:05:41 PM This simply shows that Vitalik has kept a very good sense of the reality, because what he says is completely true, even though so many of the bitcoin's tribe are in denial of that. Don't misunderstand me: I am heavily invested in Bitcoin and altcoins myself. But I perfectly know what I am risking.
Title: Re: "Ethereum" founder warns cryptocurrencies ‘could drop to near-zero at any time’ Post by: First77 on February 19, 2018, 04:14:15 PM This simply shows that Vitalik has kept a very good sense of the reality, because what he says is completely true, even though so many of the bitcoin's tribe are in denial of that. Don't misunderstand me: I am heavily invested in Bitcoin and altcoins myself. But I perfectly know what I am risking. Vitalik Buterin also said "“If you're trying to figure out where to store your life savings, traditional assets are still your safest bet" I think Gold and Silver are traditional assets Title: Re: "Ethereum" founder warns cryptocurrencies ‘could drop to near-zero at any time’ Post by: heureca on February 19, 2018, 04:28:35 PM Virtual currencies are still a newcomer class in the world of assets and could drastically fall at any time, according to the founder of blockchain network Ethereum and the digital currency of the same name, Vitalik Buterin. “Reminder: cryptocurrencies are still a new and hyper-volatile asset class, and could drop to near-zero at any time,” the entrepreneur tweeted. “Don't put in more money than you can afford to lose.”According to the programmer, people shouldn’t invest into assets which are so highly volatile “If you're trying to figure out where to store your life savings, traditional assets are still your safest bet,” Buterin added.Digital currencies managed to recover slightly after a massive sell-off earlier this year that washed nearly $100 billion out of the market in a single day. Bitcoin, the world’s number one cryptocurrency, recovered to $11,000 this week after falling below $6,000 earlier in the month. Other digital currencies also rose after posting steep losses last month. Ethereum, the second-largest crypto by market value, was trading at $946, while third-ranked ripple climbed to $1.15 https://www.rt.com/business (https://www.rt.com/business/419195-cryptocurrencies-near-zero-ethereum-buterin) Vitalik said truth - do not invest all money in criptocurrency because it is high risk and very volatile currency. I also support blockchain technology but I hold fiat money too Title: Re: "Ethereum" founder warns cryptocurrencies ‘could drop to near-zero at any time’ Post by: Paashaas on February 19, 2018, 04:36:39 PM should we be worried? :-\ No, ETH is one major shithole and it will not going anywhere. ETH is NOT decentralised, ETH is NOT a world super computer. I'm wiping my ass off with diarrhea with ETH :-\ Rootstock will bring a real smart contract platform to Bitcoin. Title: Re: "Ethereum" founder warns cryptocurrencies ‘could drop to near-zero at any time’ Post by: batang_bitcoin on February 19, 2018, 04:39:43 PM should we be worried? :-\ Yes if you put that much in ETH or you sold your home for ETH.Vitalik Buterin also said "“If you're trying to figure out where to store your life savings, traditional assets are still your safest bet" Gold and silver will never be out of the league and also don't forget that real estate is another one. I remembered the video I watched that Robert Kiyosaki said, real estate is the best investment.I think Gold and Silver are traditional assets Title: Re: "Ethereum" founder warns cryptocurrencies ‘could drop to near-zero at any time’ Post by: Don Pedro Dinero on February 19, 2018, 04:46:56 PM For me, he is not saying anything new. As this is a bitcoin forum, there are many bitcoin and crypto fans here, but bitcoin and cryptos are a risky investment and a wise investor would only have them as a part of an investment portfolio.
It is a matter of risk and reward. If you have everything in bitcoin or a fancy coin and everything goes fine you will make a lot of money, but you may end up with zero. If you want to have a safer investment, you may allocate your money in different places, such as metals, bonds, savings accounts, stocks, etfs and then bitcoin and cryptos. Title: Re: "Ethereum" founder warns cryptocurrencies ‘could drop to near-zero at any time’ Post by: eagleman on February 19, 2018, 04:47:21 PM Even it's a warning coming from, why he didn't said that when ETH is only $20? Probably because as the price increased a lot compared to a few years ago, a lot of people grew to become more and more unrealistic with their expectations when it comes to the market especially with the recent huge influx of investors(100x price increase is possible? why not 10000x!). Heck, people are stupid enough to even sell their homes to invest in crypto. Expectations are definitely too high.Those people who sell their homes for crypto did really their own research and they figured out that it can bring more money to them just for the sake of the profit so they did that as its their option. It probably because of greediness too. Title: Re: "Ethereum" founder warns cryptocurrencies ‘could drop to near-zero at any ti Post by: Borisov on February 19, 2018, 04:58:20 PM Yes, he meant that don't need to mortgage the house expensive things, take out loans and borrow from friends! and invest only your money and only the amount of the Kotuy river is not a pity to lose! that would be all crypto currency is dead, it is necessary that all the people are very much disappointed in it! until that until this us far!
Title: Re: "Ethereum" founder warns cryptocurrencies ‘could drop to near-zero at any time’ Post by: andrew1carlssin on February 19, 2018, 05:05:05 PM Bill Gates on development versus venture capital
Quote "You know, development sometimes is viewed as a project in which you give people things and nothing much happens, which is perfectly valid, but if you just focus on that, then you'd also have to say that venture capital is pretty stupid, too. Its hit rate is pathetic. But occasionally, you get successes, you fund a Google or something, and suddenly venture capital is vaunted as the most amazing field of all time. Our hit rate in development is better than theirs, but we should strive to make it better." Rolling Stone, March 13, 2014 Title: Re: "Ethereum" founder warns cryptocurrencies ‘could drop to near-zero at any time’ Post by: QuestionAuthority on February 19, 2018, 05:09:32 PM I wonder if that was a part of the speech Buterin gave to Peter Thiel when he was sucking his ass for VC money?
Buterin is parroting almost the exact same thing that Gavin Andresen said about bitcoin 4-5 years ago. When lead devs start talking like that it always makes me a little nervous. What insider info do they have that I don’t have? Are they just trying to wash their conscience clean if something they see on the horizon actually happens? That kind of statement is just too valueless and convenient but it does provide a segue to the future statement of, “well, I did warn you people so you can’t blame me.” Edit: Andresen was a cofounder of The Bitcoin Foundation with Mark Karpeles. Andresen made his statement to that effect shortly before we all found out that Karpeles was about to “lose” a half million bitcoins. Title: Re: "Ethereum" founder warns cryptocurrencies ‘could drop to near-zero at any time’ Post by: aardvark15 on February 19, 2018, 05:17:51 PM I think the point is that cryptocurrencies are still risky investments. There is a chance of a catastrophic collapse if governments were to ban cryptocurrencies or if there was a 51% attack. I don’t think that will happen but I am cautious with how much money I am investing in these coins. Only invest an amount that you can afford to lose.
Title: Re: "Ethereum" founder warns cryptocurrencies ‘could drop to near-zero at any time’ Post by: HeRetiK on February 19, 2018, 05:31:14 PM should we be worried? :-\ No, ETH is one major shithole and it will not going anywhere. ETH is NOT decentralised, ETH is NOT a world super computer. I'm wiping my ass off with diarrhea with ETH :-\ Rootstock will bring a real smart contract platform to Bitcoin. I would have put it slightly differently, but you're not wrong. I'm still not holding my breath for Rootstock though. Gold and silver will never be out of the league and also don't forget that real estate is another one. I remembered the video I watched that Robert Kiyosaki said, real estate is the best investment. Real estate is the best investment? Tell that to the USA of 2007. Or early 90's Japan. Real estate bubbles are a thing too. Buterin is parroting almost the exact same thing that Gavin Andresen said about bitcoin 4-5 years ago. When lead devs start talking like that it always makes me a little nervous. What insider info do they have that I don’t have? Are they just trying to wash their conscience clean if something they see on the horizon actually happens? That kind of statement is just too valueless and convenient but it does provide a segue to the future statement of, “well, I did warn you people so you can’t blame me.” Edit: Andresen was a cofounder of The Bitcoin Foundation with Mark Karpeles. Andresen made his statement to that effect shortly before we all found out that Karpeles was about to “lose” a half million bitcoins. Bitcoin has sold itself as an "economic experiment" since the very beginning, so such statements are nothing new. In fact it is indeed something that needs repeating during times of overinflated expectations. Good observation though. I hope there's nothing bad waiting in the bushes for our fellow ETHers. Title: Re: "Ethereum" founder warns cryptocurrencies ‘could drop to near-zero at any time’ Post by: tamango on February 19, 2018, 05:40:29 PM I agree with Vitalic Buterin, one must invest a very few % of his savings in crypto... you can have a huge gain but also huge losses... I heard of people asking credits to buy cypto.. this is insane and very dangerous.....
I believe that crypto will develop even more and will not fall but I know the risks... Title: Re: "Ethereum" founder warns cryptocurrencies ‘could drop to near-zero at any time’ Post by: QuestionAuthority on February 19, 2018, 05:45:22 PM Buterin is parroting almost the exact same thing that Gavin Andresen said about bitcoin 4-5 years ago. When lead devs start talking like that it always makes me a little nervous. What insider info do they have that I don’t have? Are they just trying to wash their conscience clean if something they see on the horizon actually happens? That kind of statement is just too valueless and convenient but it does provide a segue to the future statement of, “well, I did warn you people so you can’t blame me.” Edit: Andresen was a cofounder of The Bitcoin Foundation with Mark Karpeles. Andresen made his statement to that effect shortly before we all found out that Karpeles was about to “lose” a half million bitcoins. Bitcoin has sold itself as an "economic experiment" since the very beginning, so such statements are nothing new. In fact it is indeed something that needs repeating during times of overinflated expectations. Good observation though. I hope there's nothing bad waiting in the bushes for our fellow ETHers. I hope there nothing major coming up too. I just find those kind of statements are usually very carefully timed. Title: Re: "Ethereum" founder warns cryptocurrencies ‘could drop to near-zero at any time’ Post by: bucksman5233 on February 19, 2018, 05:47:24 PM Ofcourse it's kinda true. We don't need founder of ETH vitalik to announce this for us. Everybody should understand the risks associated with investment before investing. As cryptocurrencies are highly volatile and high risky investment one should not put his/her entire life savings into it.
Title: Re: "Ethereum" founder warns cryptocurrencies ‘could drop to near-zero at any time’ Post by: cryptopuma on February 19, 2018, 05:57:05 PM He is indeed right,we shouldnt be risking all our money in cryptocurrencies,only invest the amount that we can afford to lose because he is right the market is too volatile that can rise and fall within just an hour,there is nothing wrong about his statement people just cant accept the truth because they are blinded with the money that they can with only investing to cryptocurrencies.
Title: Re: "Ethereum" founder warns cryptocurrencies ‘could drop to near-zero at any time’ Post by: matsusomoto on February 19, 2018, 06:04:29 PM He is just telling the truth,those people who get angry because he said that are morelikely fools and being blinded by their greeds,cryptocurrencies too volatile especially bitcoin's market is too risky for most of the investors,a lot of manipulations drives bitcoin's price rise and fall in just a matter of hours which is very unhealthy because most of the altcoins are reacting to bitcoin's movements.
Title: Re: "Ethereum" founder warns cryptocurrencies ‘could drop to near-zero at any time’ Post by: First77 on February 20, 2018, 01:16:03 AM Gold and silver will never be out of the league and also don't forget that real estate is another one. I remembered the video I watched that Robert Kiyosaki said, real estate is the best investment. Real estates (house, land etc..) are necessities. Gold and Silver are traditional assets when you have extra money ;) Title: Re: "Ethereum" founder warns cryptocurrencies ‘could drop to near-zero at any time’ Post by: batang_bitcoin on February 20, 2018, 04:43:34 AM Gold and silver will never be out of the league and also don't forget that real estate is another one. I remembered the video I watched that Robert Kiyosaki said, real estate is the best investment. Real estate is the best investment? Tell that to the USA of 2007. Or early 90's Japan. Real estate bubbles are a thing too.Gold and silver will never be out of the league and also don't forget that real estate is another one. I remembered the video I watched that Robert Kiyosaki said, real estate is the best investment. Real estates (house, land etc..) are necessities. Gold and Silver are traditional assets when you have extra money ;) Title: Re: "Ethereum" founder warns cryptocurrencies ‘could drop to near-zero at any time’ Post by: aervin11 on February 20, 2018, 05:29:33 AM Lots of people on social media sites like Facebook are raging against Vitalik due to what he said. But he's actually right. The cryptocurrency could take a nosedive anytime and could take years and years on end to rebound in price. In my opinion what Vitalik said is better than shilling Ethereum for price rises. People on Facebook are saying that Vitalik is spreading FUD; but Vitalik is a very smart guy, and he's just being very realistic. Being realistic?I don't know I think he should just shut his mouth and enjoy his new find riches, he is a multi millionaire now, but unlike the creator of Bitcoin, he is well known some of the his quotes are ruining what he has built and the other people around his ethereum. I think I'ts just being realistic. The fact that he owns the Top 2 Marketcap which is Ethereum and talking sh*ts about his project and the whole cryptcurrencies that this business is too volatile and new investors might lose their lifetime savings. I mean his just being honest and hoping that he could avoid new investors to come when they are not ready for the market players will just easily beat them. Resulting, new investors to spread much more FUD because of their loss. What Mr.Buterin did was just right and justifiable. I think he is more into humans than money, unlike you. Title: Re: "Ethereum" founder warns cryptocurrencies ‘could drop to near-zero at any time’ Post by: First77 on February 20, 2018, 05:48:26 PM Got the message ??
Title: Re: "Ethereum" founder warns cryptocurrencies ‘could drop to near-zero at any time’ Post by: boyjackyou on February 20, 2018, 06:19:31 PM Virtual currencies are still a newcomer class in the world of assets and could drastically fall at any time, according to the founder of blockchain network Ethereum and the digital currency of the same name, Vitalik Buterin. Vitalik Butern is just telling the truth,cryptocurrency's high volality is unpredictable because it could rise and fall in just matter of hours,unlike to forex and stock exchanges thar fluctuations are far less than our market,the market could easily crash if these bankers wanted that to happen,Tether has a of supply,enough to crash our whole market in the future.“Reminder: cryptocurrencies are still a new and hyper-volatile asset class, and could drop to near-zero at any time,” the entrepreneur tweeted. “Don't put in more money than you can afford to lose.”According to the programmer, people shouldn’t invest into assets which are so highly volatile “If you're trying to figure out where to store your life savings, traditional assets are still your safest bet,” Buterin added.Digital currencies managed to recover slightly after a massive sell-off earlier this year that washed nearly $100 billion out of the market in a single day. Bitcoin, the world’s number one cryptocurrency, recovered to $11,000 this week after falling below $6,000 earlier in the month. Other digital currencies also rose after posting steep losses last month. Ethereum, the second-largest crypto by market value, was trading at $946, while third-ranked ripple climbed to $1.15 https://www.rt.com/business (https://www.rt.com/business/419195-cryptocurrencies-near-zero-ethereum-buterin) Title: Re: "Ethereum" founder warns cryptocurrencies ‘could drop to near-zero at any time’ Post by: nakauten on February 20, 2018, 06:30:48 PM Theres nothing wrong about his statement,hes just telling the truth and the risk of being involve to a high volatile market.Cryptocurerncies downside would be that,high market volatility that could make the whole market rise and fall in just matter of hours,if you arent good in waiting i am sure this market wouldnt be an ideal place for you,he is just giving is some possible situation because we wont know when will these bankers will move to destroy our whole community.
Title: Re: "Ethereum" founder warns cryptocurrencies ‘could drop to near-zero at any time’ Post by: rupesh2 on February 20, 2018, 06:32:49 PM similar thing was tweeted by charlie lee , that ltc can go down even to 20$ (when ltc was near 350$)
then people attacked him , and in first week of feb ltc gone down as low as 100$ . these type of advices are for people who invest by taking loans or invest their entire hard earned money . Title: Re: "Ethereum" founder warns cryptocurrencies ‘could drop to near-zero at any time’ Post by: SearchingforS on February 20, 2018, 06:39:21 PM I wasn't expecting to hear that from Vitalic really, I thought he's a strong crypto-believer, but this saying proves the vice versa, doesn't it?
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