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

[niteroy]

According to him traditional asset is the best to store your life time saving.
https://www.cnbc.com/2018/02/19/ethereum-creator-vitalik-buterin-warns-about-cryptocurrency-investment.html

What do you think?

Vitalik Buterin says only about the probability that crypto currencies can have a value near zero, but this probability is extremely small. With the same probability, we can say that tomorrow the meteorite will hit the ground and we all will perish. Crypto currency will lose its value only when people absolutely all lose any interest in crypto currencies. The same can happen with the antiquarian and works of art, for example, if the paintings of Picasso, Rembrandt and other artists cease to be necessary for people, then their price will drop to zero and they will not be stored in museums, but in someone's loft in dust. We give the value of the crypto currency ourselves, as a community. Look at Dashcoin, its price has risen from $ 0.5 per coin to $ 1500 this year, this is an increase of 300,000%, and this is all thanks to the Dashcoin community, which is constantly evolving and popularizing its coin. This is just one example, but hundreds of such examples can be cited. Therefore, you should not treat such statements as predicting future crypto currencies, learn to think critically and study technology that is behind different crypto currencies.

[Bounty_Hunter]

I think that he just trolls us He has many  jokes like this, why  people so seriously now?

[Kemileye]

In the write up buterin was just advising on investment I.e not to invest more than what someone can afford to lose. He didn't say crypto can go to nearly zero.

[modtakels]

Theres nothing about with his statement as he is just telling the truth,Bitcoin is so unstable and being the foundation of the cryptocurrencies if this coin has failed most of the altcoins will surely come to their end,only those coins which has a good working product would survive the Bitcoin's crash,the market volatility is very high so it our market could rise and fall in just a matter of hours,vitalik only wants us to realize the truth especially those who are putting all of their money to cryptocurrencies.

[The Young Turk]

I think that he just trolls us He has many  jokes like this, why  people so seriously now?

It's not about all jokes and fun, he has a point. There are too many uneducated people come here with their life savings, they invest blindfold. He warns people like these. If you make your own research you are safe. But think about masses that only hear crypto currencies in TV and try to invest, without any knowledge. People have to be careful about their investment.

[philad220]

I rarely agree cryptocurrency could drop to zero at any time, this cryptos is highly volatile as it is known, we are all taking risks, even investing in traditional assets also involve risk taking, but it should have been better to balance the two. Neither do you leave cryptocurrency nor traditional assets.

[Zentor]

Of course that is true. It is the reason why a lot of people recommend do not invest in cryptocurrencies more than you can afford to lose. Cryptos are still very young and unstable, a lot of reasons can drop their values to zero

[kewlc3s]

Main thing "could". I think we all know that! Someday you could wake up and see 0 on your account. Unfortunately it is still realistic scenario. So Vitalik said true, do not invest more than you can afford. Don´t take mortgage to buy bitcoins and alts.

[Denlv]

Hello!Acording to this info all can happen with crypto,becose its not stable as fiat need more upgrades on crypto but in 2018 year comes about crypto ico banks who can help in this thing. Vitalik Buterin can say many about drops and up but no one can say what happens in  future,i dont think crypto will go down in near future becose big money is involved in market .

[Melfoy72]

Main thing "could". I think we all know that! Someday you could wake up and see 0 on your account. Unfortunately it is still realistic scenario. So Vitalik said true, do not invest more than you can afford. Don´t take mortgage to buy bitcoins and alts.

That's right. But a few peoples sold his house to invest on BitConnect that promised ROI 1,5% a month.
It so stupid and it wasn't worth it. 

[rudolfaxl]

I think that there are a lot of people are involved in BTC, less in ETH and much less in alts. If the market will go down which cryptos will go down first? Of course alts. But I think even if it happens it will be in one-two years, not less.

[mariangpalad]

There is nothing wrong with his statement because that is the truth that most of the people doesnt know,the market volatility is very high and it could rise and fall all of a sudden that is why i am investing in small businesses because we wont know whem will these cryptocurrencies will collapse we need to be sure that we still have another source of income.

[sukey2008]

Of course Cryptocurrency can crash anytime.
So never spend all your money into that, never.
Control the risks and you will never loose.

[fmasta]

According to him traditional asset is the best to store your life time saving.
https://www.cnbc.com/2018/02/19/ethereum-creator-vitalik-buterin-warns-about-cryptocurrency-investment.html

What do you think?

Memorize. Don't believe everything they say. If words are not supported by any facts, evidence or official documents, they can be questioned.

[cryptoheroin]

Thats the only truth that most of the people doesnt want to accept,he is just giving a warning to those people that are investing all of their money including the retirement money,which is not cool because if the bitcoin's has failed us all of these people will lose their life,and they can recover from that.Market is too volatile so we need to be careful becaise it could rise and fall all of a sudden.

[Rudementry]

Vitalik has a large investment fund. He invests a lot of money in various projects. This statement is like nonsense. Then all of its investment fund is not engaged in profitable business. I do not think so.

[asena]

In my opinion, there are always big risks about the cryptocurrencies. I think all of the cryptocurrencies have really fluctuate prices, and I think this situation is valid for even the strongest coins. The cryptocurrency world can give you great opportunities, but before making investment, you should be careful about the amounts to not be sad against the possibility of encountering a bad situation.

[7788bitcoin]

Vitalik Buterin can say anything and it is his opinion because he has already made a lot of money for the rest of his life in his early twenties and he can speculate and predict anything,yes it is possible to go to zero and there is another possibility that it could reach a million dollars,as long as no one can view the future anything is possible.

[bituperio]

According to him traditional asset is the best to store your life time saving.
https://www.cnbc.com/2018/02/19/ethereum-creator-vitalik-buterin-warns-about-cryptocurrency-investment.html

What do you think?

You are not providing an accurate description. He is warning about the risk of cryptos, but not of all cryptos. We already know that any particular crypto can drop to zero.

[Kulafu]

You are not providing an accurate description. He is warning about the risk of cryptos, but not of all cryptos. We already know that any particular crypto can drop to zero.

Though his statement is true but dropping bomb on what he did risking the cryptocurrency. Many people (investors) believe in him.
Sometimes there are words that need to keep by yourself if the results could be damaging.