Goldman Sachs: Crypto is worthless

“Most, if not all, of today's digital coins will find a final resting place at zero,” Steve Strongin, the firm’s global head of investment research, said in a report published Feb. 5.

foxbusiness.com/markets/2018/02/07/bitcoin-other-cryptocurrencies-headed-to-zero-goldman.html

The authorities at Goldman Sachs have spoken! Buy stocks, crypto is worthless.
>
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He's not wrong, retard. Most coins are absolute dogshit like dogecoin that have died or will die. The quote isn't saying shit about crypto in general you fucking brainlet.

on a long enough timeline, everything goes to zero

>most
which is good news for those of us hodling quality coins like XLM, REQ and LINK

Only 8 Cyrptocoins/tokena will matter in 2021. And Yes one of them will be LINK.

>Most, if not all, of today's digital coins will find a final resting place at zero
Amazing reading comprehension

You forgot about ICON bud

also interesting that they come out and say this the day after "20 trillion by 2020". do they always mean exactly what they say, or could they have an ulterior motive? you have to take all of this with a grain of salt. there were articles a few weeks ago that goldman was starting a crypto hedge fund for instance. how is it that all of a sudden they come out with an article to create panic right after that hearing?

90% of startups fail. All of these cryptos are startups.
Do you really think we need a coin and blockchain for Dentists?

nice. once binance up again gon buy 100,000

Stocks :
>shit volatility, you're lucky if it swings 2 fucking percents in a day
>go up in a slow crawl
>go down hard

Cryptos :
>50+% swings in one day are not only common, but are a sure thing to happen daily on a lot of coins
>moon missions everywhere
>go down hard

Stocks are the ultimate shitcoins, premined, infinitely printable, completely centralised, can only access them through tons of middlemen making small trades impossible, and completely controlled by kikes and boomers.

>all cryptos are worthless
>except ours. buy ours.

...

Fuck off shill

He is absolutely correct. See: wildcat banks.

99% of coins which are nothing more than private issued fiat will die out.

ZRX, ETH, will be the leaders in the future.

just because the free banking era didn't last forever doesn't mean crypto will fail. the speed and cost of information storage and transmission during that time period alone compared to now could be enough to make all the necessary difference

>Implying fiat wont hyperinflate soon and become glorified monopoly money

This isn't about crypto failing. This is about the majority of shit coins failing because they don't serve a purpose.

Most of these shitcoins are chink or pajeet scams and should be 0

"Most, if not all, of today's governments will find a resting place at zero, " Wojak feels, the New Libertarian Front's head of Paramilitary organization, said in a report published Feb. 5

He's right, most shitcoins will go to 0, but because le evil banker said the words, everyone in crypto will kneejerk disagree