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

[madhavanmalolan]

It is not impossible for a crypto currency to fall to zero, bitcoin/ethereum included.
It is certainly possible on paper (51% attacks) - but Proof of Work has so far shown to be pretty stable against this threat.

From a life-savings point of view crypto currencies (majority of them) might be a bad investment. But blockchains as an invention is here to stay, and hence crypto currencies. It is hard to estimate which ones will make it through, which ones will sustain, which ones will receive mass adoption. But my bet is the concept of crypto currencies is here to stay irrespective of ups and downs.

[ardyology]

Well, that's a very defining remark coming from a believer and creator of a cryptocurrency himself. At some extent it is agreeable. Anything that is unpredictable is really dangerous. There are just too many metrics or factors that are unknown to coin holders, creators and users which really make this kind of financial technology platform to be risky. Diversification is still the key to lower such risks. I love crypto though.

[hamza987]

Yes according to the volatility of the market and considering the physical usage and physically it's not a currency.
So it's possible that it can reach to zero but in the near future its not looking like it goes to zero.

[Kulafu]

Well 'don't put all your eggs in one basket'. Better to invest in crypto but not all your savings.  As what Vitalik said just invest  only the amount that you can afford to loss.
I read a news before that one student from South Korea commit suicide because he losses his investment in cryptocurrency.  Hope will not repeat again.

[tutbag]

These are obvious things. Anything can turn into zero money, gold, respect and etc. Only one thing has a 100% chance of coming true that all of us will someday die. Everything else is possible.

[Nerman]

Vitalik Buterin is not saying that it crypto currency will drop to zero but it could drop meaning that he just understood that nobody knows what will happen in the future. He basically just understand that in investing there is no certainty. People who invest not only in crypto but on all type of market needs to understand that in every investment there are risks involved. The risk are just bigger in Crypto currency market. Diversify your investment, stocks precious metal bonds or mutual funds have low income but still profitable.

[Kulafu]

These are obvious things. Anything can turn into zero money, gold, respect and etc. Only one thing has a 100% chance of coming true that all of us will someday die. Everything else is possible.

Yes everything is possible but the the probability of the cryptocurrency could drop to zero is high.  One of the reason might be because there is no tangible assets involve in the crypto.

[littleDarper]

It would be great if this man could close his mouth sometimes. The amount of FUD he creates is insane.

[sarfwr]

Although it looks more like a FUD, said this man really need our attention, and now such a large Cryptocurrency market, the price of Cryptocurrency market and the company is not profitable, most is just a scam, rather than a worthy of long-term investment projects.

[Bittoshi]

I agree with him. Look what happened with Bitconnect. Ok, this was an obvious scam but similar things could happen to almost every crypto currency, even Bitcoin if developemnt stops or slows down and more and more people decide not to use it anymore. This is why it is so important to spread the investment over 5-10 (or even more) cryptos and not put all eggs in one basket. But remember that also stocks could fall to near-zero once the company behind a certain stock starts to struggle.

[Tambu]

It would be great if this man could close his mouth sometimes. The amount of FUD he creates is insane.

Definitely! Many people trust and patronize his creation. Dropping bomb like this could create havoc in the society of cryptocurrency.

[thepo1m]

I think those that benenfited most from the space are now looking to bring it down, how many thousands of Ether tokens did he collected being one of the Ethereum developers, again saying one place is the best to store your wealth is worng, because there are some traditional assets also that went to zero

[Slash61]

his opinion is true, everything in the world of crypto could happen. do not be in the world of crypto in the real world also anything can happen. do not ever think that we will be forever on top, remember the world is turning! sometimes we are on top and sometimes we are down. indeed for the moment nothing will stop him. but, whether tomorrow or the day after tomorrow what would have been a factor that would stop all this. IMO we must be good at managing strategy so that we do not make loss in the future, do not just think of strategy for a moment. yes, if it could be forever.
I always remember these words "yesterday is history, now is a gift and tomorrow is a mystery"

[Temik2704]

We all know that crypto is high risk investments and it is bubble. I think that there is not any secret that most of current cryptocurrencies will go to zero in future and we should be ready for it (Don't invest in SHIT ICO  ).

[xenomorphe1]

I don't think it will go to zero now. Maybe when a new technology is going to be discovered and is going to replace blockchain technology. But not before blockchain is being implemented and disseminate in every sectors.

[Golftech]

I don't think it will go to zero now. Maybe when a new technology is going to be discovered and is going to replace blockchain technology. But not before blockchain is being implemented and disseminate in every sectors.

Presumption over another, we can't say what will happen next to us as new innovation might interfere but as long as we as crypto supporters are still here and believing that this chain will succeed then it won't back to that value, we as investors will create the outcome of this industry, if we keep supporting and promote more about this chain no one can influence and turn this out, crypto will keep on rising forward just hold and enjoy this business.

[Tambu]

The current magnitude of cryptocurrency seems it will not drop nearly zero on our generation. Though huge losses for investors could happened anytime.
Cryptocurrency today still a hot cake in the pan that everyone wants to grab it. Just chill everyone still a long journey for crypto.

[Benarand]

It's hard to believe, but it can happen. Vitalik honestly warns that investing in Ethereum and ERC20 tokens, you need to keep yourself a little bit that would not starve as a result of the inevitable scum. Vitalik cares about us.

[LeroyBro]

I think that's a little out of context. If you'd look at the full quote.

"Reminder: cryptocurrencies are still a new and hyper-volatile asset class, and could drop to near-zero at any time," Vitalik Buterin said on Twitter. "Don't put in more money than you can afford to lose."

This makes more sense.

Are cryptos still new? Yes, don't put in money you're not willing to part with.

[Minecache]

It seems that Vitalik has started a winter depression and he needs to rest)) But  there is truth in his words - crypto market is very risky because there is no stability and regulation. Crypto market grew last years and everyone believed that it will always be so. But it isn't the law of nature and everything can be changed at any moment.