Get Ready for Most Cryptocurrencies to Hit Zero, Goldman Says

Propaganda like this is often useful as a short term contrarian trading signal. This isn’t new news but is inauspiciously timed.

Just want to let everyone know that dogpile.com is still a thing and you can still "fetch" to your hearts content. They're poised to make a comeback any day now.

Right now Coinmarketcap lists 1500+ cryptocurrencies. This article says many of them will fail in the future, as many have in the past. This is not revelatory.

I would have been interested in Strongin's opinion on which coins will survive, and why; or a timeline of when "most" will have failed.

This seems likely for Bitcoin and its derivatives (LiteCoin and any other platforms that don’t plan to move away from Proof of Work or have no real utility).

However, I don’t see any long term risk with ETH or Monero. Hopefully this teaches clueless investors how much hype and not accounting for exposure can hurt...

It was a great ride while it lasted. And financial historians and those who lived through internet bubble 1.0 and 2.0 knew how to play it. Pays to have some grey hair

No doubt they are right considering:

1) There are what? over a thousand different coins at the moment (i.e. "most" will probably go to zero).

2) I didn't see a timescale mentioned.

I agree that this is one of the winner take it all markets, but i think the title makes it seem more dire than it is. Wonder other than BTC, ETH which are the players that will survive

All currencies hit zero eventually