prediction 99% of all cryptocurrencies will likely go to zero

[ultimateclub 392]

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?

Edited November 6, 2019 by ultimateclub

[setifien 1016]

If today's market counts 3000 coins/tokens and only 1% will remain in this world, then there will be around 30 coins/tokens. 

I think the market is still in need of new coins that can solve its several problems, so there will be more than what he predicted to be, I think

[bitcoin-shark 1928]

unfortunately i think it is a true forecast, with the growth of bitcoin dominance only a few altcoins will resist, all the others will either disappear or will be at value 0, with 0 transactions / volumes

[Grace 236]

1 hour ago, setifien said:

If today's market counts 3000 coins/tokens and only 1% will remain in this world, then there will be around 30 coins/tokens. 

I think the market is still in need of new coins that can solve its several problems, so there will be more than what he predicted to be, I think

I think we will have more than 100 coins in the future.So if your coin is in the top 100 at coinmarketcap then it will go to the sky.(this is my opinion)

[kjames 139]

are you normal? what are you saying. its impossible to happen becasue millions of people trust in cryptocurrency.

[ultimateclub 392]

2 hours ago, setifien said:

If today's market counts 3000 coins/tokens and only 1% will remain in this world, then there will be around 30 coins/tokens. 

I think the market is still in need of new coins that can solve its several problems, so there will be more than what he predicted to be, I think

Few coins will be able to meet customer needs and the growing number of digital assets is caused by the hype around the crypto ecosystem, according to Mr Garlinghouse. And it is true. There are a lot of coins in the crypto market which are useless. People make investment on them but after a certain time they face deception.

1 hour ago, alther said:

The problem now, is he says as if his coin Ripple is one of the 1% of those coins that can solve problems, and provide the needs of customers. This is for me just a public service advertisement to attract buyers to Ripple coins. 🙂

He didn't mentioned that, ripple can solve the problem nor meet the customer needs. But ripple is a potential coin and in future it could provide the needs along with other coins,  such as Ethereum, Litecoin, Dash coin and so on. 

[Great Commander 659]

We can clearly see that this news is true. All other ICO coins on market cap has been dumped or either abandoned. New projects releases everyday but most of them did not survive. Those 1% you've stated was probably the foundation of cryptos such as the older ones like btc or the later altcoins on the cmc. 

[miskyming 1588]

Only the shit coins can never survive for long, you know if their project is shitty, expect the coin will be dead soon. Only the trusted altcoins can survive for long just as long people support their favorite cryptos it can survive. 

[dentolas 551]

 

5 hours ago, Great Commander said:

We can clearly see that this news is true. All other ICO coins on market cap has been dumped or either abandoned. New projects releases everyday but most of them did not survive. Those 1% you've stated was probably the foundation of cryptos such as the older ones like btc or the later altcoins on the cmc. 

Well, I am not sure about the 99%, but I guess that it will be a very high number of coins that will vanish... I agree with you... people rush in to new markets trying to get the first flow of cash, and then there is the retrace... most projects are actually worthless

[Emma 611]

1 minute ago, meowmeow said:

That is absolutely right. As long as there is someone who supports cryptocurrency it will still be able to work and the price of it will never gonna go down to 0. There are people who trust invest on it that is why it is impossible.

Yes. not only 1% coins have great future. many giant company are now investing on different cryptocurrencies and thats because they are liking crypto for their cool features.

[Nicecrypto 543]

4 minutes ago, meowmeow said:

That is absolutely right. As long as there is someone who supports cryptocurrency it will still be able to work and the price of it will never gonna go down to 0. There are people who trust invest on it that is why it is impossible.

I don't think this is going to happen to the general Crypto currency projects just the ones that will not be able to handle what is required from Crypto projects as time goes by and this is true, we don't expects to see all crypto currency projects survive and as we see some are dead already.

[Akash0011 136]

i think he is right but percentage will be increase mate cause 3000 token/ token 1% are only 30 coin or token but he already see 100+ stable coin in the market mate.. but he told so many coin will go to zero it's right cause i saw so many high price coin now completely dead that's why i think he is completely right.. i also believe on it mate..

[Rares002 262]

5 hours ago, iqlima said:

I guess this is imposible. 99% persen is to much for we said it.. And zero is low value for tosay. Worthless for somecoin in the future we dont know yet. Future is future for me.

It is not impossible at all because there are literally thousands of coind available on the market and most of them are just shitcoins that are not worth anything and their price will be $0

[cryptokram 102]

On 11/7/2019 at 12:09 AM, 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?

Lets say we have 5,000 cryptocurrency now and that 1 percent will just be 50, i dont believe that.

But i do believe on the 99 percent if we will include the Ripple on the topic.

There is only 1% that Ripple will be staying in the community and the other 99 percent is for the XRP to vanish.

[ultimateclub 392]

We all should believe on the new market where will be a lot crypto and they can't meet it's customer needs. That's why they will vanished in decades as Ripple CEO said. I already faced few listed coins which has very low volume and they are decreasing every day as they can't meet customer needs. Yeah, Already i got the proof of some coins.

[palalu 512]

On 11/7/2019 at 12:39 AM, Theo said:

Are you sure about your prediction? Lots of people trust this cryptocurrency. So it is impossible to all the cryptocurrencies go to zero.  I don't believe someone like you. Like you using this forum will thought about that. I hope it didnt happen.

don't you read, he says 99% that means not all. but I disagree with him saying 99% I think it's too much, maybe it's a statement from the CEO of the ripple to sell the product 💁🏻‍♂️

[Sumayya 493]

So the one percent remaining will be made up of Bitcoin and the top top currencies. There will be many that will survive that pressure

[Akbor 1042]

From my thinking i am agree with partially not totally. as he said 99% will go to zero which is not possible. in the market there are some coins which has no value now and there are some coin which are very much popular. Besides that there are many coin which are in the middle that has a good value. so some coins price may be zero but not 99%.

[Keith700 1885]

On 11/6/2019 at 12:09 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?

A little bit of daily FUD is the daily bread, those personalities called CEOS only seek to create confusion in the cryptocurrency environment, they already have enough to retire and have a life full of luxuries but they will always have enough to say that 99% of cryptos will be worth zero, much irony and cynicism.

[Sahbana 212]

This prediction will occur in line with reduced crypto demand.The more crypto is created but not matched by public demand, the crypto value can be zero.This is a basic economic law that cannot be changed.

[bentayebsalah 2280]

This is not a prediction in my view and it is natural that some cryptocurrencies disappear meaningless and do not have important projects or projects are copy and paste to other projects

[Thekingcallme 1975]

There are some currencies that will reach the price of zero and then disappear and there are some currencies that have arrived for it already but all are failed
It is important to deal with strong currencies such as Bitcoin and Ethereum

[Rosepetals 407]

On 11/7/2019 at 12:26 AM, setifien said:

If today's market counts 3000 coins/tokens and only 1% will remain in this world, then there will be around 30 coins/tokens. 

I think the market is still in need of new coins that can solve its several problems, so there will be more than what he predicted to be, I think

Most Initial Coin offering today will just return to become shit coins and I think it's better to upgrade all those coins that are already in the standing and already earns people's trust to remain being useful in the needs of the customers.There are alot of existing ICOS that everyone is hoping to resolve different customers needs that is why more investors had lost their hopes when it will become shitcoins or useless coins because they are just wasting their money and investing in a wrong project.

Edited November 28, 2019 by Rosepetals

[littledi059 1010]

Well there are too many tokens and coins and every day there are created new ones. Even 1% of them is a great number of altcoins so I think he is actually cap because he made an announcement of that

[sdsonjoy50 886]

It's not entirely possible that something like this will happen, but I think not all coins will have the same situation, some coins are likely to do so.