Eth founder says crypto could go to zero anytime

[snapee11]

Well this is the super basic rule on this world:

Nothing is Certain

[Sithara007]

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.

You are spot on. The ICOs are ruining the reputation of the crypto-currency. The governments are introducing a lot of new measures to prevent investors getting cheated in the ICOs, but we should also do something about it. ICOs with dubious plans should not be allowed to get listed.

[zeingrind777]

does altcoin price depend on ethereum? I think the ethereum will not be zero just because of a large number of ICO that have appeared in the past year and this year.

[Experia]

does altcoin price depend on ethereum? I think the ethereum will not be zero just because of a large number of ICO that have appeared in the past year and this year.

unless they will do something that can make it zero, i do not believe that anytime crypto will go to zero many investors sees that crypto will boom over the years as long as investors are there crypto wont die.

[Powerpuff]

He wasn’t the only minter to make such a comment during the past few days. Brad Garlinghouse, co-creator of Ripple, gave the same ominous advisement at a Goldman Sachs conference. In fact, he foresaw that most cryptocurrencies would die because “It’s not clear what the use case is. It’s not clear the what value proposition is.” He was excluding ripple, of course.

[Ojodibanned]

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

I also think so. this can happen because it is triggered by several factors. as the absence of an increase in development also affects the future of Cryptocurrency. besides, that with decreasing Cryptocurrency could be a step for the disappearance of Cryptocurrency. I hope that Cryptocurrency will continue to work on improving its development.

[Q2kc]

Vitalik just said that to warn people who invest in cryptocurrency without knowing the risk, people now are just following the hype of a coin and just diving in without any research about the coin, crypto is very risky if you are just new in the industry you need more time and research to be able to adapt.

[bitcoinposts]

Vitalik strategic said this statement to warn newbies entering into market with high hopes and telling the risk in markets which are quote common in these market conditions

[Crasengover]

Vitalik is famous for such kind of statements against cryptocurrencies and ICOs. But I don't think that he wills it would come true one day. He just doesn't like speculation around crypto that's why he used to warn about all the risks in crypto.

[hdclover]

Vitalik just said that to warn people who invest in cryptocurrency without knowing the risk, people now are just following the hype of a coin and just diving in without any research about the coin, crypto is very risky if you are just new in the industry you need more time and research to be able to adapt.

More than the risk, he used ETH just as an example to represent shit coins which are coming here out of nowhere. Ofcourse coins like can go to zero and most certainly it will go that zone.

[jomvill]

the ethereum founder said Vitalik Buterin: Cryptocurrency Can Drop at Near-Zero Anytime ... Instead of saying the Bitcoin boom is end of tears, some now have a return and are assured of the outcome.

[UAE Seasider]

I get the feeling it may have been a remark reported out of context. The crypto space is rapidly changing from vapourware projects predicting the next fast platform to actual real-world businesses that are simply adopting the blockchain to enhance their business. Whilst these new companies may not appear to be at the cutting edge of technology they stand a far better chance of being revenue generating and as such will have longevity.

But the bottom line is always never invest more than you can afford to lose.

[Tylev]

Die separate coins, even bitcoin. However, the crypto currency as a general idea can not die. People have already seen that the crypto currency, despite its many shortcomings, has a number of undeniable advantages. These advantages far exceed their shortcomings, which, moreover, can be eliminated, in any case, most of them.
Therefore, the crypto currency will continue to exist and develop.

[cdoyle14]

It is not the best news to hear But I will anyway hope, that this word "may" go to the zero, will be the key word in this sentence, and we wont face the fall of cryptocurrencies sooner, nor later.

[Aikidoka]

It only will happen when people lost interest in cryptocurrency or when the internet gets shut down. Otherwise, people will continue to invest in it. I do not see why Eth founder would say such a thing. I mean he can compete with other coins, but to say that even his coin will go to zero anytime is something suspicious to me. He is just throwing statements as if he got bored of the coin created and people will lose faith in Eth.

[Shinpako09]

If i'm not mistaken even btc founder said that. What he said is just a possibility that might happen along the way but I think this case is nearly impossible. Look, the market have grown, more popular, more investors, and others that can make the price don't go back to zero.

[leopard2]

Look, mateys 

Vitalik does not want to get his ass sued. He is just smart and used a verbal disclaimer, so now, if ETH does go down the drain, no one can sue him for promoting it.

As an alien, he does not care about Earth $$$ anyways 

[Megababa]

That is him being truthful and honest and I really appreciate his honesty. Don't your all on crypto. Some even go as far as selling their property...it is not nice.. Don't be greedy.

[crenfrosck]

This is a thing everybody should remember when they are trying to invest into assets, especially crypto. Most of the coins have been driven just by speculation and therefore there is a huge risk. It seems like the most of the people feel safe when they are giving their money to various projects, but we know that a lot of them will not make it through the first year of their existence. A majority will be surprised when their money will vanish even though they have made the greatest decision they were capable of doing. Well, eventually some will lose and some will make a profit.

[HatakeKakashi]

Cryptocurrency will not become zero, maybe the price will decrease but not zero because even until now they have a lot of people who are still love and sypport crypto. Better to instead of spreading bad news or negative just keep quiet. If crypto become zero the affected also is the ethereum I don't know why the eth founder say that is that true?