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Author Topic: Most cryptocurrencies will crash to zero  (Read 5835 times)
matamura
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February 10, 2018, 03:17:40 PM
 #1

As quoted from CNBC there is a cryptocurrency will be zero.

What do you think ?

From :

https://www. cnbc. com/2018/02/07/most-cryptocurrencies-will-crash-to-zero-goldman-sachs-says.html
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gordeevaverona
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February 10, 2018, 03:29:58 PM
 #2

One can not say with full confidence that most crypto currencies will collapse to zero, as today more and more teams that create new crypto-currencies take on the staff of professionals who make a good idea a successful project.
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February 10, 2018, 03:37:58 PM
 #3

Most tokens have no value.
More and more new ICO projects look more like a scam, so it's perfectly normal for these tokens to return to 0, and I have no idea how these tokens are related to the blockchain.

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February 10, 2018, 03:48:05 PM
 #4

Actually this is true, most tokens have no value but I think it will happen in the future not now. Most are in bubble, because majority of people buy them at the beginning without any success.

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February 10, 2018, 03:55:34 PM
 #5

not most but some.you know crypto market cap will reach trillion usd and thats why more crypto project means more market cap holder.so you need to choose good and real project for holding.
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February 10, 2018, 03:59:52 PM
 #6

Invested on countless shitcoins in the past and currently, most of them have already halted operation and the poor investors are left holding worthless bags on them. There'd be countless crypto out there that would seem legit but if you look closely, they're nothing but another scheme to make money for its devs. I believe that 90% of the existing coins are nothing really special, just a normal copy of some prominent coins with some variations here and there. At the end of the day though, investors would ultimately decide the fate of a coin.

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bravehearth0319
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February 10, 2018, 04:07:35 PM
 #7

As quoted from CNBC there is a cryptocurrency will be zero.

What do you think ?

From :

https://www. cnbc. com/2018/02/07/most-cryptocurrencies-will-crash-to-zero-goldman-sachs-says.html

This is next to impossible as every token will be at one satoshi and never below it.
unless the token will be out on any market and not listed anywhere.
Remember any ICO can't go below 1 Satoshi, and that is always true! once listed the lowest value will have sat on it.
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February 10, 2018, 04:11:07 PM
 #8

Can people stop linking those fucking banking idiots?

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February 10, 2018, 04:12:39 PM
 #9

Invested on countless shitcoins in the past and currently, most of them have already halted operation and the poor investors are left holding worthless bags on them. There'd be countless crypto out there that would seem legit but if you look closely, they're nothing but another scheme to make money for its devs. I believe that 90% of the existing coins are nothing really special, just a normal copy of some prominent coins with some variations here and there. At the end of the day though, investors would ultimately decide the fate of a coin.
agree with you ,but "a coin" Maybe less ,you can see the TOP10 ,Market is concerned about the rankings
Obviously Bitcoin's success ,Lots of community friends started looking for the next bitcoin , next ETH or others
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February 10, 2018, 04:12:53 PM
 #10

As quoted from CNBC there is a cryptocurrency will be zero.

What do you think ?

From :

https://www. cnbc. com/2018/02/07/most-cryptocurrencies-will-crash-to-zero-goldman-sachs-says.html

It is way too early to say. Most of the cryptocurrencies depends upon the flow of the market to determine its value. As we can see the market is getting hyped once more due to the slow come back of bitcoin from a deep dip it has taken in the past few weeks. We can expect the market to be healthy again and not as like written in the article.
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February 10, 2018, 04:18:51 PM
Last edit: May 15, 2019, 10:52:24 AM by LeGaulois
 #11

But Goldman Sachs invested itself in a Bitcoin-related company.
I don't know who on earth thinking Cryptocurrencies will crash to zero, would invest in a Bitcoin company

Also:
Quote
- Bitcoin is the New Gold, a Better Safe Haven Asset: Goldman Sachs
- GOLDMAN SACHS REAFFIRMS INTEREST IN BITCOIN AND OTHER CRYPTOCURRENCIES
- Goldman Sachs Recognizes Bitcoin’s Future Potential
- Bitcoin Just Got a Huge Vote of Confidence From Wall Street Giant Goldman Sachs

It's some titles from news related to Goldman Sachs and Bitcoin

krishnapramod
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February 10, 2018, 04:19:56 PM
 #12

Not quoting CNBC or what a financial firm says, but obviously most cryptos will come down to zero. Blockchain, uniqueness, initial stage, experimentation, developments, adoption, simple cycle of a coin. If a project doesn't have something new to offer, rehashing the existing module with Blockchain is temporary, not a solution, but one's with real utility will get through.
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February 10, 2018, 04:21:00 PM
 #13

good so we can get it for free Cheesy
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February 10, 2018, 04:30:19 PM
 #14

This is absolutely correct. There are many coins in the top 100 that currently should be worth nothing. Verge and Tron spring to mind immediately - both are 100% scams, yet still idiots buy them. The majority of ICOs and new coins coming out are scams, designed only to make the developer some fast and easy money. They will all be worth nothing in the long term.

If you are thinking of investing for the long term, then the safest thing to do is invest in coins with finished working products, real world uses, and major partnerships. Coins like ETH, NEO, XMR, VEN, ICX, OMG, XRB.

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February 10, 2018, 04:34:12 PM
 #15

It's just an opinion from certain person, we can't garuantee that it will happen, and that's the truth or fact.
But still, it's very possible that it will happen. Seeing that now many coins are losing its value more and more, i'm not gonna suprised if they're dead or such.
I want to believe that cryptocurrency will be able to survive though, since it's actually a good development and also a very valuable thing, something that can make a change in this world and it'll be a futile if it's gonna ended and crash soon.


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February 10, 2018, 04:44:17 PM
 #16

As quoted from CNBC there is a cryptocurrency will be zero.

What do you think ?

From :

https://www. cnbc. com/2018/02/07/most-cryptocurrencies-will-crash-to-zero-goldman-sachs-says.html

This is next to impossible as every token will be at one satoshi and never below it.
unless the token will be out on any market and not listed anywhere.
Remember any ICO can't go below 1 Satoshi, and that is always true! once listed the lowest value will have sat on it.

The value can indeed go only as low as one satoshi but there is one other small problem.
Just like rotten apples in the supermarket sold for 1% of the price, nobody would want to buy them.
So, their value is actually 0.

Fortunately for tokens , as they rely on ETH, they can't really die, but in the case of altcoins, when the price hits 1 satoshi the mining stops, the nodes go offline , the coin is dead.

And a lot of coins and a lot of tokesn will end up being useless.
Why do you need a banancoin and a orangecoin?
Why do you need a token for carsharing, one for car riding , one for sharing a car and one for riding a car?
There are (I counted them a week a go) no less than 20 tokens who want to be the next UBER...


But Goldman Sachs invested itself in a Bitcoin-related company.
I don't know who on earth thinking Cryptocurrencies will crash to zero, would invest in a Bitcoin company

Also:
- Bitcoin is the New Gold, a Better Safe Haven Asset: Goldman Sachs
- GOLDMAN SACHS REAFFIRMS INTEREST IN BITCOIN AND OTHER CRYPTOCURRENCIES
- Goldman Sachs Recognizes Bitcoin’s Future Potential
- Bitcoin Just Got a Huge Vote of Confidence From Wall Street Giant Goldman Sachs

It's some titles from news related to Goldman Sachs and Bitcoin

He said "most" crypto, he didn't mention bitcoin.
Quote
Most cryptocurrencies are likely to fail with their value falling to zero,
Quote
"People seem to be trading cryptocurrencies as though they're all going to survive, or at least maintain their value.

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February 10, 2018, 04:49:35 PM
 #17

As quoted from CNBC there is a cryptocurrency will be zero.

What do you think ?

From :

https://www. cnbc. com/2018/02/07/most-cryptocurrencies-will-crash-to-zero-goldman-sachs-says.html

Funny crypto trollers. Just in my last post only I have noticed fucking troller of crypto currencies. Mark my words, in next 10 years bitcoins and other crypto currencies will wash out the banking or all banks will implement the one crypto as their mainstream online payment option.
Hereafter fake news will not able to dump the crypto currency value. You can every coin as green value from the past three days.
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February 10, 2018, 04:52:36 PM
 #18

This is why I will not bet on any altcoins that has an MCAP of lower than 20Million USD -- unless there is a very good reason for me to put some money into it, and even then, most probably, I'll only inject like 100 USD max.
Way too risky for me.

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February 10, 2018, 04:53:25 PM
 #19

98% of the cryptocurrencies have no real-world value. Invest only in the cryptocurrencies that have a working product and not only promises.

If you invest majority in Ethereum and Bitcoin you're safe.

Best way to LONG/SHORT Bitcoin. Up to 66x leverage. Register on BitMax now!
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February 10, 2018, 04:56:47 PM
 #20

But Goldman Sachs invested itself in a Bitcoin-related company.
I don't know who on earth thinking Cryptocurrencies will crash to zero, would invest in a Bitcoin company

Also:
- Bitcoin is the New Gold, a Better Safe Haven Asset: Goldman Sachs
- GOLDMAN SACHS REAFFIRMS INTEREST IN BITCOIN AND OTHER CRYPTOCURRENCIES
- Goldman Sachs Recognizes Bitcoin’s Future Potential
- Bitcoin Just Got a Huge Vote of Confidence From Wall Street Giant Goldman Sachs

It's some titles from news related to Goldman Sachs and Bitcoin

At least one person is keeping an objective view. Thank you for relativizing OP's news-link.
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