Eth founder says crypto could go to zero anytime

[timikulit]

Just like mentioned above its only possibilities and this comment of ETH founder Vitalik Buterin is not a wakeup call instead a reminder for all.

Lets look FIAT. Fiat is only a printed paper with no value. The government put value on it for you to buy and sell goods and for them to control the inflation and the people spending it. If a world war broke, fiat currency will be useless while gold and bitcoin will become more worthy.

[Boriss]

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.

Very little people are doing crypto because of their believes, they are here for the money.
If the risk are high so are the percentage of profit but also percentage of lose.

He is saying all the stuff we already knew but he is saying it out loud.

IF all this bring us some new era for new technology that's great but to make an omelet you need to brake some eggs, lots and lots of people will lose their money in crypto. Some will lose only small percentage and some will ruin their lives investing all they have.

You know what is called when you put all your money on something and hope to win? Gamble

[gowron24]

It is good that the founders say it (Litecoin's Charlie Lee also) as they curb the passions of the silly investors who dont know better - that is a sign of integrity. But for people who know a bit where to park their capital,  it seems that the amrket is still safe as it ever was...

[Matrond]

Yeah I definitely agree with the Eth Founder. He's only being realistic in a very direct way.

[yslyv]

it is something like confessing sins. What is the meaning of repeating the things that everybody knows already?  Is there anybody who sells their cryptocurrencies because of vitalik's comments?  It is totally meaningless..

[_yoshi]

Its possible. It does not have to be. But the founder of Ethereum is just a honest and realistic guy, who dont want to fleece somebody. Its the same with the stock market. It can crash everything down to 0. You always have to remember that. Cryptos are highly speculative businesses. So if you invest your money, you have no guarantee that you ever will see it again.

[Bacotan Bae]

What the ETH founder said is true, decentralization never ensures lasting, as long as there are users who want to use it will all get better but there are times when all users go and sell so it will make cryptocurrency worthless.

[heritage35]

This is never a new thing, whatever has a beginning, will surely have an ending. Even lives will one day end. The world might also end at anytime. Therefore, if Vitalik makes this statement, he is only reminding people and everyone of what they already know. Life is all about risk, so risk what you can afford to loose. Whoever wants to make it big should not also be afraid to loose.

[mx667]

What the ETH founder said is true, decentralization never ensures lasting, as long as there are users who want to use it will all get better but there are times when all users go and sell so it will make cryptocurrency worthless.

And I will say, the world will end at anytime, but of course all of us want to believe that the world will last forever right ? Do not worry, at the very beginning we must know that crypto investment is risky after all. The price of any crypto can go down and up at anytime, but we still invest. We do not know how long Bitcoin will recover and get back up again, but we still do trading and hope for the best. It is very normal to be afraid and having some doubts at what we love and what we believe. But that does not mean that it is a bad thing. We can learn from this forum and ask.

[CHENIEN]

This is only a speculation and prediction about crypto, everybody knows that we are free to share statement eitheir negative or positive about crypto, although crypto is not actually a legal business and it can be off at anytime if the creator wants to stop the operation. But the momentum of crypto are already in top line business in the world and a lot of investor who actually trust and invested enough capital. So it is impossible that crypto will down to zero value.

[MartoValenti]

Yeah, it is possible that crypto go to zero, but for now, the most probable scenario is that there will be 12 zeros, after "1" of the coin market cap. What I mean is that at the current situation the crypto market will probably go to 1 trillion rather than to go to 0. The prices are jumping once again and from a lot of places I read that the common believe is that the btc will make another race to 20 k...

[crimsongoth]

I think Buterin is partial right. At any time, the entire value of Ethereum can be reset suddenly. In the end, there is such a risk of decentralization. According to this, I think that investors must be very careful and prepared for such a event.

[matanco]

These are the infancy of crypto economy,
there is no chance it will go zero because there is a strong base of believers and HODLers.

but it can go really low, and it will,
the shitcoin bubble hasn't burst yet.

but the burst will do only good to the idea itself, just like the burst of dotcom bubble

[Pvt-snafu]

And I agree with you. The platform that is built for having profit/outcome won't last for long enough to even be mentioned.

However, I do not fully agree with this part "It's not a doom and gloom forecast it's just a realization" I would say that BTC can go down to 3-4k in the blink of the eye, thus all cryptocurrency will go down lower than 80% compared with how it is now.

[treejay]

How are traditional assets the safest bet? We live in the most volatile time in history and also it is such a pain to trade stocks and other financial instruments. Crypto is the answer to the maladies of the current system. You just need to do your homework before you invest.

[Lukan]

Vita is just realistic and he cool down people that are rushing for big bucks.
We all take some risks, because of good rewarding, even higher than we should, but there is a limit.
Check 3 times, secure 5 times and always doubt.

[hamster fat]

Vitalik's statements are of course important, but the price of coins is formed by the market, not by the founders.
Buyers and sellers on the exchange determine the price of coins.

[winspiral]

Every one could say this...he takes no risk with this...
I say:crypto could go to 0.00000000000001 so I will certainly be right before this great founder.

[kier010]

he have some point but only those failed projects or ICOs will go zero anytime. you just have to remember that to not put all your money in investing so that you won't cry later. investing in crypto is always risky all the time so be responsible to what you will be doing.

[Sundark]

I'm exactly agree with his statement about "Don't put in more money than you can afford to lose". A lots of ppl think that they will invest all their money now and will receive 10 times more. But  they remain bankrupt in the end and blame the crypto currency.