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Top Executive Says Almost All Cryptocurrencies Will Die

Discussion in 'General Discussion' started by pepeg, Feb 11, 2019.

  1. pepeg

    pepeg Contributor

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    So another top executive now declares that almost all (95%) of all cryptocurrencies will perish. Matt Hougan from Bitwise also added that there is a bubble in the crypto industry, like the dot-com bubble.

    https://all-stocks.net/bitwise-top-...e-the-destiny-of-almost-all-cryptocurrencies/

    But he does also say that those cryptocurrecies that will survive will make an interesting investment. Do you think that essentially the entire crypto market will collapse, leaving only a few survivors?
     
  2. acidicsantana

    acidicsantana Contributor

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    There is a ton of trash out there, so this guy is on the right track. 95% of shitcoins have no use case.
     
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  3. ayyslana

    ayyslana Contributor

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    especially this industry is known for enormous numbers of scam projects, but anyway as he said Amazon, Apple, and GE have all weathered massive stock market fluctuations on their rise to the top, so would the crypto
     
  4. Helga Bjarni

    Helga Bjarni Scholar

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  5. MAGA

    MAGA Master of Crypto Staff Member Super Admin Premium Member

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    Agreed, there is tons of trash out there and every day new coins come out. In the end hopefully the best ones win over the hyped garbage
     
  6. Helga Bjarni

    Helga Bjarni Scholar

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  7. LionCryptoBoy

    LionCryptoBoy Contributor

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    Hi guys! I am newbie to this movement. Share your experience, please. Which crypto wallet are you using? I came across a couple of them... and chose two wallets for comparison - elegro (https://elegro.io/wallet) and coinomi (https://www.coinomi.co/en/). But coinomi can only be used on the android platform... At the same time, the elego has a web version as well, the first thing which I like that with elegro wallet it's possible to exchange funds at direct currency exchange rates inside the wallet. But still have some doubts... Is there someone who is using this wallets? want to get some impressions and advises
     
  8. dynamiteBTC

    dynamiteBTC Contributor

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    It's the process of "natural selection." With time, only the coins that were made with the proper purpose of protecting privacy, advancing technological protocol's and decentralizing data.
     

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