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ultimateclub

99% of all cryptocurrencies will likely go to zero

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I think thats correct and we already saw since march of 2019 a lot of coins with small capital has lost over 80% of its value and been crushed with that small bitcoin bull run.

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Let take the whole thing as prediction because so much people have invested on these coins 💰 if at all everything went down 🔽 to 1% as claimed or predicted it drop many people financially unstable again. 

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Low quality coins not survive only best coin survive and bitcoin or etherium like maybe naver down because bitcoin is very good currency. and maybe in future go more high

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I think it's true what the CEO of Ripple says, because in a few years there will only be a few cryptocurrencies after Bitcoin. 
Thousands of coins have been created in the last few years and I don't think most of them will survive, even though some are good projects and have multiple features that are very helpful.
Anyway, it seems to me that the CEO of XRP is not the best person to comment on that kind of thing, because his coin may not exist for some years, or at least not as cryptocurrency as such.
 

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Yes its true, because many coins which were started almost 5 years ago are dead now. It shows that the coins which are present now most of them will be dead in future. And we will see only 1% of present day coins in future. 

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It is possible that many coins that are available today may disappear. But newer coins are coming to the market almost every month. The top few 50 coins may last long while the bottom 100 coins will vanish.

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As we can observe that things are always going fine and perfect and the members of the cryptotalk currency platform is really increasing every day so the coins values and benefits will also be growing faster, so the predictions that 99% of cryptocurrency are going back to zero is not true let's hope it's will be growing easier and faster 

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Unfortunately what you're saying it is true. There are alot of cryptocurrency and this is a little chance to survive in this race of cryptocurrency. Alot of cryptocurrency will fail only a little number or cryptocurrency will only survive with bitcoin. Like talk token. First talk token price was good. Now it is near dead. 

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I do not believe in this prediction, since the same market demands different assets for different market functions, it is not possible that of the total of thousands of assets in the market only 1% remains, but I do believe that many projects are going to go phasing out for not being successful in the market, but it will not be 99% of assets.

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It is not possible that the cryptocurrency can go to the zero without any reason and you can not make the judgement on the basis of some one's statement.

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If the situation really continues, then only a very few digital currencies will remain, and Bitcoin will remain the dominant digital currency in the cryptocurrency market, but in recent days the price of Bitcoin has begun to decline, and this is a good indication of what I think

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This time crypto market is on good position and the market go high just a little bit and i hope soon the market go high more becasue the big whales now soon invest their money in the crypto market and the market touches the sky that time.


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On 11/6/2019 at 9:09 PM, ultimateclub said:

Ripple CEO Brad Garlinghouse claimed in a new prediction that, only 1% of today's Crypto currencies will survive and 99% will likely go to zero. Behind of this hints he told that, among 3000 digital assets very few will be able to meet customer needs. He also stated, "Anytime there is a new market, there are a lot of people that run into that market and try to show that they can solve a problem, they can deliver a customer need."

Source: https://cointelegraph.com/news/ripple-ceo-only-1-of-todays-cryptocurrencies-will-survive

What do your mind thinks about this prediction? Will it really happen?

I don't think it will happen in future because cryptocurrency is growing rapidly and lots of investors are investing their wealth in it. But everything is unpredictable in this world. Anything can be possible.

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I don't believe in this predictions that almost 99% of cryptocurrencies will likely go to zero. Their are lots of altcoin that are doing well in crypto world, so I think many coins will survive in the crypto world than the ones predicted in this topic. 

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Cryptocurrencies are like any commodity. If they are ignored by people and do not recognize them, they will become worthless, but we all recognize them and deal with them because they benefit us and give us good advantages.

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These is a clearly stated truth, A host of great numbers of cryptocurrencies only tend to last for a moment because they loose their relevance as time progresses. 

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these assumptions are baseless and its not possible that 99% of the currently available cryptocurrencies will go into extinction or loose its worth 

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I can agree with you on the point that there are so many crypto currencies, I believe the number now is around eight thousand which is a lot, and I think that all the currencies with weak projects will fade away, because the market is very competitive. However to be honest I think that you are exaggerating a little to say that ninety nine of them will be dead.

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Well, I understand his point, probably because they are facing some issues too, but I do not believe that cryptocurrecy assets would not survive, for that to happen then it just like technology too would sieze to function, because as long as technology is still available,then cryptocurrecy would be available too.

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actually making investments in a new coins is just like a gambling your money if you take the proper risk  you can even get rich by just one coin

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I do not know if these ratios are correct, but it is certain that not all cryptocurrencies have a successful project, so experts always say that we must study a project for any cryptocurrency before investing in it.

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Yes, of course, I think it is self-evident, except that most of these currencies are unreal and have a fraudulent goal, but there are some currencies with great credibility and great strength as well, such as Bitcoin, Litecoin, Ethereum and some other currencies, these currencies must be invested because they are safe and achievable Our profit is guaranteed

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But at the very least, the Top 10 currencies will remain the same due to the large acquisition of these currencies on the cryptocurrency market, and I think after this year it became clear to everyone that Bitcoin and other currencies are not bubble and will soon expire, but companies have become a major trend for these currencies because of their gains and profits.

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I think it is a correct expectation, that over time the large amount of this currency becomes negative, that 3000 currencies as a number is very large and illogical, so only 1%, i.e. 30 currencies, remain acceptable, I think that the currencies that will remain are the most stable and powerful

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I do not like this news very much but it is real, there are many currencies that do not have supply and demand, and that is why they will remain at zero, we must also say that bitcoin has always been leading this market, that is why more people tend to buy bitcoin or ETH, and put aside the other currencies and therefore many of them could fall in the future.

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