Eth founder says crypto could go to zero anytime

[Walrus1]

https://www.google.com/amp/s/www.cnbc.com/amp/2018/02/19/ethereum-creator-vitalik-buterin-warns-about-cryptocurrency-investment.html

It's not a doom and gloom forecast it's just a realization. Just don't go overboard throwing money at things

[RDNX]

https://www.google.com/amp/s/www.cnbc.com/amp/2018/02/19/ethereum-creator-vitalik-buterin-warns-about-cryptocurrency-investment.html

It's not a doom and gloom forecast it's just a realization. Just don't go overboard throwing money at things

Many people have become greedy lately. That's why ICO price often don't make sense. I see some ICO projects are seeking only quick profit. I am glad that Mr Butterin said that, it's good call for us.

[Jansaa]

Etherium and altcoin is the best will grown up in last year! This year! You can say ' year of altcoin and token'

[qiman]

Well it all depends on where we park our funds. I primarily like to invest in businesses that are showing promise and have a chance of success. I do not like to just invest in the next hyped up coin or token. Does the business model look good for investors? Does it have a good team whereby I can have confidence in them? Is the product or service disruptive enough or beneficial to the world community at large so it solves a big problem? Are the returns on my investment going to be decent over a medium to long term period of time? These are the things I am looking for so I invest in businesses, more than just the tokens.

[Yarsk]

That is a wake up call from the co founder of ETH, no one should invest his/her saving in cryptocurrencies and again invest only what you can afford to loose because the cryptocurrency market is very volatile and at that it is unpredictable any thing can happen but in at that taking the risk some times pays off.

[randomhumster]

Correct me if I'm wrong, but Vitalik says it several times a year.

[TimtheYoutuber]

This has been posted so many times. Are you surprised that something might fail? This is just common sense information.

[raven.tiu17]

I don't believe that the crypto world will fail because Satoshi made bitcoin to be rounded of and always start at 0-> 0.00000001 and how many satoshi millions of satoshi to get a 1 bitcoin but the no. Itself you would see it all started at 0 so no body will get lose. As long as you prepare yourbself to be a good long term holder.

[JaRViZZ]

https://www.google.com/amp/s/www.cnbc.com/amp/2018/02/19/ethereum-creator-vitalik-buterin-warns-about-cryptocurrency-investment.html

It's not a doom and gloom forecast it's just a realization. Just don't go overboard throwing money at things

The news is not new, perhaps it's made to protect people, and maybe a completely different meaning in his words is laid. But he did not disclose the secret, everyone understands what is at stake and that everything can disappear in a moment.

[timet678]

Most of them probably will. People should be treating a lot of crypto like penny stocks and not long term investments. I'm not saying there aren't good altcoins, it's just most of the 1500 or so of them won't survive.

[xda-developer]

Anything could go to zero anytime. Oil could go to zero anytime if people found new cheap sorces of energy for example. What do you think about value of fiat currency? We have many examples in the history when fiat went to zero due econimical and political issues.

[sourish]

What Buterin says is something everyone entering crypto is already aware of, or cautioned about constantly. Its sane advice, and one I believe all smart investors are naturally following, to invest only what one can afford to lose, and to store ones life savings in traditional assets. Moreover, most people should if possible have another regular source of income.

[Vit83]

He is saying that everybody knows, don't invest more than you can lose. No credit cards. And almost 90% of alts/ICO will disappear in the nearest future. There are too many companies that don't have the working tech and cost mill/billions of dollars here.   

[99th]

Yeah and so could anything else - including the US dollar and price of Gold. Things attain value form their demand from the market and their supply. Many cryptocurrencies have no real utility and SHOULD be worth practically nothing. Others are very innovative and help make the world a better place because of their technology. I think this year we will see a massive separation between "good" tokens/coins and "bad" ones.

Eth is only going to keep rising. BTC will too.

[Teraboy]

https://www.google.com/amp/s/www.cnbc.com/amp/2018/02/19/ethereum-creator-vitalik-buterin-warns-about-cryptocurrency-investment.html

It's not a doom and gloom forecast it's just a realization. Just don't go overboard throwing money at things

There are so many similar threads with this one try to make a lot of people are miss understanding about what's vitalik said. As far as i understand about its just awareness for those don't need to spend all of their lives in the cryptocurrency just like you are selling your house to trade.
It may involve a lot of risks. That's the only mean of that words.

[Hellobx]

Did what he said makes sense, because the current in the cryptocurrency market. is filled with too many greedy mood, most people just want short-term profit from in the cryptocurrency market., and no one pay attention to the real technology development, and most of the ICO project looks more like a scam, then return to 0 is entirely possible.

[legaltrk]

Even if it is true, it is very wrong to say. People are afraid to invest. After these words they will be more scared. Must have a side to defend. It should not always tell the bad side.

[kickero0O]

That is a wake up call from the co founder of ETH, no one should invest his/her saving in cryptocurrencies and again invest only what you can afford to loose because the cryptocurrency market is very volatile and at that it is unpredictable any thing can happen but in at that taking the risk some times pays off.

Vitalik is telling the truth. And in fact, there are many coins that lose its values especially the cam ones. Remember bitconnect? Anytime, someone can dump the coins price, its a reality. But of course, until there is a supply, and when all is dump, theres nothing to drop anymore, but only for the coins to go up. As rule, Invest only the amount that you can afford to lose.

[Herbert2020]

i think Vitalik is trying to justify the fact that Ethereum has been getting dumped hard in the past couple of months and could not recover its price despite all the hype and advertisement they have been doing for it. and each time they pump it again over $1000 it again gets dumped back below it to $800-$900 and no matter how much their pumping team tries they can not achieve the ATH anymore because of the high sell pressure.

he doesn't  care about ETH or any other cryptocurrency anyways. i think he has proven that when he became a millionaire overnight and sold some of his premined coins. his involvement and relationship with banks also proves this.

[Invester]

We are talking of possibilities here. And Vitalik Buterin is just being true to the real situation. If we talk of possibilities, it covers pretty much everything. It is even possible for the world to end tomorrow. That's the equivalent of Buterin's statement. I hope people will not make something totally different from what the person is really talking about. This might become another source of shallow and unnecessary FUD.