Get ready for most cryptocurrencies to hit zero: Goldman Sachs
Most digital currencies are unlikely to survive in their current form, and investors should prepare for coins to lose all their value as they’re replaced by future competitors, Goldman’s Steve Strongin said in a report dated 5 February. While he didn’t posit a timeframe for losses in existing coins, he said recent price swings indicated a bubble and that the tendency for different coins to move in lockstep wasn’t rational.
Source :http://www.livemint.com/Money/r0zLLj56GOr08CPSx0SF4N/Get-ready-for-most-cryptocurrencies-to-hit-zero-Goldman-Sac.html?
IMHO, I don't know if they have considered the technological advances, such as the ledger system (by XRP) and Lightning Network. Aside from this, new technologies are being developed and tested every day to improve and avoid these problems. I'm pretty sure that "legit" cryptocurrency developers have considered the long term problem that they may face once cryptocurrencies have matured.
FUD is long gone. It looks irrevant to throw another FUD now. Wait for another big issue and throw that news. Just an opinion.
Amazing post @amitraj
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