Crypto Growth Nears Ceiling, Ethereum Co-Founder Buterin Says

[coin8coin8]

The days of explosive growth in the blockchain industry have likely come and gone now the average person is aware of its existence, according to Vitalik Buterin, co-founder of Ethereum.
“The blockchain space is getting to the point where there’s a ceiling in sight,” Buterin said in an interview with Bloomberg at an Ethereum and blockchain conference in Hong Kong. “If you talk to the average educated person at this point, they probably have heard of blockchain at least once. There isn’t an opportunity for yet another 1,000-times growth in anything in the space anymore.”

Source: https://www.bloomberg.com/news/articles/2018-09-08/crypto-growth-nears-ceiling-ethereum-co-founder-buterin-says

Does this mean that future investment in crypto will be unprofitable, and will the bull market no longer exist? What do you think?

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[hase0278]

Does this mean that future investment in crypto will be unprofitable, and will the bull market no longer exist?

You should pay no heed to statements made by experts like Vitalik Buterin because most of the times they act for their interest and profit. Crypto will always be profitable and the bull market will still exist so long as people use it for speculative purposes. An average joe might have heard blockchain at least once but the question is if they already own any crypto of some sort? Of course not. Keep in mind that so long as crypto can be developed further, there will be no ceiling in sight since bull run will continue.

[dogtana]

I think Vitalik messed up a bit with ETH and now spreads FUD. ETH network can't handle transaction load needed to be usable. Many devs have since made better coins with better tech and those WILL grow. If ETH is to survive it seems others will have to save it, like TNC.

[Noobaru]

I think the bull will come, but not this year. I predict it somewhere in the 2019, but of course I am not a financial advisor, nor I have any background in markets like that in general.

[abbywem]

This guy looks MKUltra to me.  Something just seems off with him.  Either way I don't trust him anymore than I can throw him.  I don't even know if he actually did create this.  That's only what I have been told.  I believe if we simply go against what these "leaders" say will will profit more.  Remember everyone can't be rich.  it wont work.  No one will do the shit jobs.  Do the opposite of the herd.  Its the only way. 

[ralle14]

Does this mean that future investment in crypto will be unprofitable, and will the bull market no longer exist? What do you think?

It depends on which crypto we're talking about here because not all crypto are unprofitable forever. Some coins recover and some don't, investing in crypto can be profitable short-mid term if you know how the market moves.

People shouldn't take everything seriously, what was said in the article could just be an attempt to mislead people. Saying that there won't be any opportuinty for a 1000 times growth is almost similar to saying history won't repeat itself. Anything can happen with cryptocurrencies it can even grow bigger if there's enough demand.  

 

[JeffBrad12]

The days of explosive growth in the blockchain industry have likely come and gone now the average person is aware of its existence, according to Vitalik Buterin, co-founder of Ethereum.
“The blockchain space is getting to the point where there’s a ceiling in sight,” Buterin said in an interview with Bloomberg at an Ethereum and blockchain conference in Hong Kong. “If you talk to the average educated person at this point, they probably have heard of blockchain at least once. There isn’t an opportunity for yet another 1,000-times growth in anything in the space anymore.”

Source: https://www.bloomberg.com/news/articles/2018-09-08/crypto-growth-nears-ceiling-ethereum-co-founder-buterin-says

Does this mean that future investment in crypto will be unprofitable, and will the bull market no longer exist? What do you think?

The bull market will still exist but until another bubble will come. Vitalik doesn't remember if this is the money machine. You can see so many speculators in the market and that makes it will become very volatility. I guess this will be happened in a few years later. I meant about another big bubble and i just try to load as much as possible but the price of bitcoin will remain the same

[privedvelosiped]

Does this mean that future investment in crypto will be unprofitable, and will the bull market no longer exist?

You should pay no heed to statements made by experts like Vitalik Buterin because most of the times they act for their interest and profit. Crypto will always be profitable and the bull market will still exist so long as people use it for speculative purposes. An average joe might have heard blockchain at least once but the question is if they already own any crypto of some sort? Of course not. Keep in mind that so long as crypto can be developed further, there will be no ceiling in sight since bull run will continue.

You're saying it right. Buterin a genius in his own way he says is very good advice. I listen to his speeches regularly and I am delighted with his thoughts. For cryptocurrency is a great scientist and Creator...

[jeffthebaker]

Buterin is a genius in his niche, but like most geniuses, that intellect does not transition well into other settings. He's been wrong numerous times regarding fundamentals and market environments. His opinion on this manner is not that much better than yours or mine.

[Biscutard]

The days of explosive growth in the blockchain industry have likely come and gone now the average person is aware of its existence, according to Vitalik Buterin, co-founder of Ethereum.
“The blockchain space is getting to the point where there’s a ceiling in sight,” Buterin said in an interview with Bloomberg at an Ethereum and blockchain conference in Hong Kong. “If you talk to the average educated person at this point, they probably have heard of blockchain at least once. There isn’t an opportunity for yet another 1,000-times growth in anything in the space anymore.”

Source: https://www.bloomberg.com/news/articles/2018-09-08/crypto-growth-nears-ceiling-ethereum-co-founder-buterin-says

Does this mean that future investment in crypto will be unprofitable, and will the bull market no longer exist? What do you think?

I guess he's right, just come to think about it what was the difference now and before. You'll wonder where are those good old days now? It seems that most of these days, all the development team and his team are too busy creating a full of shit coin or a quick rich scheme rather than making a good outcome of their projects which can contribute to the blockchain community.

[valnd]

The days of explosive growth in the blockchain industry have likely come and gone now the average person is aware of its existence, according to Vitalik Buterin, co-founder of Ethereum.
“The blockchain space is getting to the point where there’s a ceiling in sight,” Buterin said in an interview with Bloomberg at an Ethereum and blockchain conference in Hong Kong. “If you talk to the average educated person at this point, they probably have heard of blockchain at least once. There isn’t an opportunity for yet another 1,000-times growth in anything in the space anymore.”

Source: https://www.bloomberg.com/news/articles/2018-09-08/crypto-growth-nears-ceiling-ethereum-co-founder-buterin-says

Does this mean that future investment in crypto will be unprofitable, and will the bull market no longer exist? What do you think?

Well That's his opinion about the current market situation, though i am disappointed with his statement because it seems he does not believe in what he created any more, I believe everyone other CEO or founder of a coin won't make such a statement, they will still believe in their project. I still think market will still improve.

[Antelopez2]

Such comment is really baseless and people should not pay heed to all the comments as there are many people who do not like crypto or frustrated withy crypto try to spread bad news about the crypto. Investors should rely on their own analysis.

[GhostKnight]

Actually this person is fed up of the crypto and so he is spreading bad and biased news regarding the crypto currency. Crypto is in its initial stage and there are many developments yet to happen in this market. Do not pay heed to such type of baseless talks.

[goldencrypto7100]

It will be better to not to pay heed from experts like these because they only see the profit and loss. And as for the bull market, it will come. The bull is predicted to come at the end of this year at least.

[NuttyOracle]

If crypto growth is near the ceiling then why is there still such massive demand for coins like ETH, BTC, LTC? May be the market has been bearish recently, but that doesn't indicate that we have reached a ceiling where there will be no growth in the coming days. Such big names in the crypto industry fairly do anything to help the market but they are always there when it comes to spreading fear among people.

[Vipersia]

Buterin is right. He gives truly very good advice. The bull will come someday but may be not this year. So, let’s just see what happens in next!

[BQ]

He also said ETH is worth $10, he has a big brain and is a great programmer/innovator but that doesn't make him an expert on all things (economy) too 

[Eurobot]

Ethereum prime supporter said that the advancement of the cryptographic money advertise amid its initial six or seven long stretches of presence was extraordinarily ascribed to the endeavors of the blockchain network to accomplish more extensive selection.

[jamesbondbd007]

The cryptographic money that powers the Ethereum blockchain, has drooped in excess of 85 percent from its January high after a crisp episode of offering in advanced resources throughout the end of the week.

[cryptoVinc5599]

Eventually if everything that digital money is, is this thing that moguls continue purchasing and pitching to each other, at that point what have we extremely refined?