Most cryptocurrencies to hit zero?

[o_e_l_e_o]

People calling this FUD and saying it will never happen don't understand the first thing about markets. Have you already forgotten the dot-com bubble?

Pets.com raised $82 million with their IPO, impressive by any standards. They were worth nothing within 9 months.

Webvan stock doubled in a single day back in 1999, earning a peak valuation of $6 billion. Went to zero in 3 years. I bet most you have never even heard of it before.

eToys.com stock went from $20 to $76 in a single day when it went public in 1999! 280% in a day! Impressive even by crypto standards. Zero within 2 years.

For every Amazon or eBay, there are hundreds, if not thousands, of similar examples to the ones above. A large number of coins have already gone to zero or are going that way. More coins will follow suit as time goes on, and that is what is supposed to happen. Shit coins, scam coins, productless coins, ICOs aimed only at making money for the creators, coins that don't need blockchain technology but are just trying to cash in - all of these will, and absolutely should, fall to zero.

[Brito]

How real is this?
http://www.livemint.com/Money/r0zLLj56GOr08CPSx0SF4N/Get-ready-for-most-cryptocurrencies-to-hit-zero-Goldman-Sac.html

There are coins worth to hit the bottom and disappear. The market is overwhelmed by such coins and we do not pay attention to truly promising coins. So the market will grow much faster. This is my opinion.

[tdrinker]

People calling this FUD and saying it will never happen don't understand the first thing about markets. Have you already forgotten the dot-com bubble?

Pets.com raised $82 million with their IPO, impressive by any standards. They were worth nothing within 9 months.

Webvan stock doubled in a single day back in 1999, earning a peak valuation of $6 billion. Went to zero in 3 years. I bet most you have never even heard of it before.

eToys.com stock went from $20 to $76 in a single day when it went public in 1999! 280% in a day! Impressive even by crypto standards. Zero within 2 years.

For every Amazon or eBay, there are hundreds, if not thousands, of similar examples to the ones above. A large number of coins have already gone to zero or are going that way. More coins will follow suit as time goes on, and that is what is supposed to happen. Shit coins, scam coins, productless coins, ICOs aimed only at making money for the creators, coins that don't need blockchain technology but are just trying to cash in - all of these will, and absolutely should, fall to zero.

The idea that everything can and should succeed is really quite flawed. Competition and choice is good but only to an extent, ultimately we will end up with only a few of each 'idea' in cryptocurrency succeeding and if the rest do not succeed then there is no reason for them to have a value above zero.

[laza89laza]

People calling this FUD and saying it will never happen don't understand the first thing about markets. Have you already forgotten the dot-com bubble?

Pets.com raised $82 million with their IPO, impressive by any standards. They were worth nothing within 9 months.

Webvan stock doubled in a single day back in 1999, earning a peak valuation of $6 billion. Went to zero in 3 years. I bet most you have never even heard of it before.

eToys.com stock went from $20 to $76 in a single day when it went public in 1999! 280% in a day! Impressive even by crypto standards. Zero within 2 years.

For every Amazon or eBay, there are hundreds, if not thousands, of similar examples to the ones above. A large number of coins have already gone to zero or are going that way. More coins will follow suit as time goes on, and that is what is supposed to happen. Shit coins, scam coins, productless coins, ICOs aimed only at making money for the creators, coins that don't need blockchain technology but are just trying to cash in - all of these will, and absolutely should, fall to zero.

I think we're in a slightly different type of market, the one that's maturing but also expanding by getting more and more people on-board every day. In traditional markets, the brokerage firms could easily stop offering their customers a specific type of commodity. So can crypto exchanges with coins nowadays, but most of them rarely do so. Look at Bitconnect, the damn thing was knocked down a while ago, but still has some of its market cap and even more surprising, a trading volume. So they will hardly anytime soon go to zero, but probably a lot of them will very soon have marginal significance on the market evaluation.

[tdrinker]

I think we're in a slightly different type of market, the one that's maturing but also expanding by getting more and more people on-board every day. In traditional markets, the brokerage firms could easily stop offering their customers a specific type of commodity. So can crypto exchanges with coins nowadays, but most of them rarely do so. Look at Bitconnect, the damn thing was knocked down a while ago, but still has some of its market cap and even more surprising, a trading volume. So they will hardly anytime soon go to zero, but probably a lot of them will very soon have marginal significance on the market evaluation.

Bitconnect should be viewed as an example of the level of ignorance still in the cryptocurrency market and a sign of how far we are from a functioning and professional market. The very fact that people cannot or will not take the time to investigate if a coin they're investing in even has anything behind it is the reason that they will ultimately go broke and leave the crypto market. Eventually when we lose all of these such investors we will be left with mostly rational and knowledgeable investors and then currencies such as bitconnect and others with no use can go to the 0 or next to 0 value that they deserve to have.