Most cryptocurrencies to hit zero?

[aditya6997]

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

[sureshotcoin]

More FUD spreading on internet it is nt true

[o_e_l_e_o]

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

Well, I certainly hope so. From terrible business ideas to awful whitepapers to coins that have no need for the blockchain other than making their owners some easy money to outright scams, there are an awful lot of shitcoins out there. The sooner they drop to zero and disappear from the market, the better for serious coins and projects.

[spiker777]

Why do you post FUD spreading random links like this? How real is one website's opinion on the future of bitcoin?

Obviously the website is heavily biased, do you not understand that Goldman Sachs is an international investment banking firm? Can you not see how they might have an agenda in bashing Bitcoin? Why don't you use your brain before posting such mind numbing articles.

[Chyton]

Well probably if the crypto bubble pops, most cryptocurrencies are going to be priced near zero or zero.
After the bubble popped, we will know which coin is a scam coin and which coin is the legit one.

[endlasuresh]

Some of the coins already reached to 1 or 2 cents like Car Taxi and hoping they can go further low since the developers are not working properly and just seeing their roadmap to achieve everything.

[LoyceV]

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

They're stating the obvious:

“Because of the lack of intrinsic value, the currencies that don’t survive will most likely trade to zero.”

In general, I wouldn't give much credibility to Goldman Sachs. Don't forget they had to pay $5bn for their misconduct in the financial crisis.
Banks like that are among the reasons I like Bitcoin. I have no doubt they have an agenda trying to kill the competition, but Bitcoin works fine with or without them.

[tdrinker]

More FUD spreading on internet it is nt true

It is in fact common sense and not FUD. Most will hit zero or as good as zero, once there is no demand for them the price will bottom out. Do not be foolish and anticipate that all cryptos will be a success. Some will, some will not and those that are not a success well head towards zero.

[swogerino]

Goldman Sachs nowadays has only a good name but when giving advice to their customers through daily reports regarding foreign exchange and commodities they are making their customers to lose money because they are giving bad advice. This bank is known for its stance against bitcoin and other cryptos so this statement from this bank means nothing to me and many other bitcoin users. They can do all is in their power to try and to spread FUD against bitcoin and other cryptos but in the end they will not succeed.

[penig]

Today there are over 1500 cryptos, and new ones come along every day.  I dont believe that 1/10th have long term future, too many are either scams, zombies, jokes, replication or just badly run.  One day te market will realise this and most will indeed fall to nothing.  There *needs* to be a clear out to let the real useful project flourish, allow people to focus on, rather than effort and funds spread so widely.

[zhekinsp]

Today there are over 1500 cryptos, and new ones come along every day.  I dont believe that 1/10th have long term future, too many are either scams, zombies, jokes, replication or just badly run.  One day te market will realise this and most will indeed fall to nothing.  There *needs* to be a clear out to let the real useful project flourish, allow people to focus on, rather than effort and funds spread so widely.

Now a days most of the crypto currencies are created for the purpose of earning money so we can't expect all those coins to stay in the market forever .To be honest most of the cryptos lose their valuse even after the ICO sale so he is right most of the crypto will het zero in the future.BUt the currencies which hase real potential will stay in the hunt and will replace the fiat system soon.
And most of the people are investing on ICO to make money in short term and they never think them to hold it in long terms that's why the price is falling even if the project is very good when their coin is listed on exchanges.
So we guys no need to worry about those coins will hit zero soon,and we have to only invest on the potential coin if you don't want to worry in future.

[virendarnagpal]

It is partially true.  Not most but many currencies may hit to zero.  My personal experience; after my admission to bitcoin family for around last two months; I am rewarded with about 10 currencies; only one of which is showing some value in dollars; others showing no balance.  May be it is because I being new could not choose  good airdrops or unluckily I got such airdrops which are showing zero balance.  Let us hope that good crypto currencies will overcome out from the current bearish trend.

[kokowannabe]

this is not true man, news like this will always make bitcoin and altcoin droping value,and just dont listen about that news

[pedrog]

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

It's as real as it gets.

It's been happening since the beginning:

http://deadcoins.com/

[bilal_jan321]

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

there are also news that BTC and other CC will reach new record price this year (BTC 50,000). Everyone has his own perception about BTC and other CC...

[Thecryptocurrency09]

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

I don't see cryptocurrencies hitting zeros nowadays. They are getting popularised and patronised by cryptocurrencies' users, making them wany to creat an alternative coin for their own. That scenario could be possible if the given cryptocurrency is still i n compitable in the market or even its economy.

[danherbias07]

FUD, that is all it is.

You wont have to worry about it.
If it is from an investment company like Goldman and JPMorgan then it might be because they are seeing a lot of loss in their investors.
People changing their way of how to invest and maybe their annual reports are now getting lower than it was last year.
What can they do?
Yes, scatter a news which is fake but people will believe because they are known. We really have to be careful now with what we read. Think again before making any decision. Is it true or not? Are they just doing this for their own selfish reasons?

[BitChief]

FUD, that is all it is.

You wont have to worry about it.
If it is from an investment company like Goldman and JPMorgan then it might be because they are seeing a lot of loss in their investors.
People changing their way of how to invest and maybe their annual reports are now getting lower than it was last year.
What can they do?
Yes, scatter a news which is fake but people will believe because they are known. We really have to be careful now with what we read. Think again before making any decision. Is it true or not? Are they just doing this for their own selfish reasons?

I do tend to agree most cryptocurrency projects will in the end be worth 0. It is the same in the sharemarket, most projects get acquired or die. However the cryptocurrencies that are successful will be extremely dominant in the future economy and deliver amazon + results, but like investing in amazon in the VC stage

[akamit]

We already have tons of shitcoins which are dead, mean zero. Don't we?

I don't think Goldman Sachs have spread any fud, instead, they have spoken out the truth.
New competitors will come day by day with unique ideas and the weakest ideas/coins will be dead, whereas the strong existing coins will survive.

The time of writing this post, Yobit has 6598 coins listed alone and coinmarketcap shows only 1526. This probably means that cmc has listed only the possible best ones.
Those who are in cryptospace for a long time they can confirm how many coins are dead in Yobit so far, including the scams one.

[HitTheLow]

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

really.... It will never happen