ClaimsNouriel Roubini

“The value of leading coins such as Ether, EOS, Litecoin, and XRP have all fallen by over 80%”

Nouriel Roubini, economist, column author 15 October 2018 The Big Blockchain Lie (Project Syndicate) archived copy

Factual Economics and markets

The value of leading coins such as Ether, EOS, Litecoin and XRP had all fallen by over 80% as of October 2018.

Unresolvable The public record could not settle it.

Factual: Statements about the present or the past, checked against the record: did they hold up?

What would count as true or false

Using prices on or around 15 October 2018 compared with each coin's all-time high (mostly January 2018), compute the drawdown for Ether, EOS, Litecoin and XRP. True if all four were down more than 80%. Mostly true if three were down more than 80% and the fourth was down at least about 75%. Mixed if two of the four were down more than 80%. Mostly false if only one was down more than 80%, or if the drawdowns were mostly in the 65–80% range. False if none was down more than 80%.

Set before the research began.

Evidence (4)

  1. E1 XRP (XRP) Historical Prices | CoinLore CoinLore

    “Highest Price | 2018 January ($3.84)”
  2. E2 XRP (XRP) Historical Prices | CoinLore CoinLore

    “| 2018 | -49.57% O:$2.30 C:$1.16 | -22.02% O:$1.16 C:$0.9046 | -43.33% O:$0.9041 C:$0.5124 | 63.07% O:$0.5139 C:$0.8379 | -26.93% O:$0.8384 C:$0.6126 | -23.93% O:$0.6129 C:$0.4662 | -6.59% O:$0.4659 C:$0.4352 | -22.96% O:$0.4356 C:$0.3356 | 73.21% O:$0.3356 C:$0.5813 | -22.28% O:$0.5813 C:$0.4518 | -19.35% O:$0.4521 C:$0.3646 | -4.43% O:$0.3650 C:$0.3488 |”
  3. E3 Ethereum Dips Below 198.26 Level, Down 1.21% By Investing.com Investing.com · 9 September 2018

    “At its current price, Ethereum is still down 86.07% from its all-time high of $1,423.20 set on Saturday, January 13, 2018.”
  4. E4 Cryptocurrency ether hits lowest point of the year, extending its 2018 nosedive CNBC · 11 September 2018

    “The digital asset's price dropped 7 percent bringing its total decline for the year to more than 76 percent, according to data from CoinDesk.”

Reasoning

The XRP evidence gives a January 2018 high of $3.84 (E3) and an October 2018 open of $0.5813 and close of $0.4518 (E4). That puts XRP's drawdown in mid-October at roughly 85–88%. For Ether, E5 reports it was 86.07% below its $1,423.20 all-time high on 9 September 2018, about five weeks before the claim date. E6 measures Ether's fall from the start of the year, not from its peak. No evidence covers EOS or Litecoin, so the criteria, which need drawdowns for all four coins, cannot be applied.

Cite this claim

Nouriel Roubini, “The value of leading coins such as Ether, EOS, Litecoin and XRP had all fallen by over 80% as of October 2018.” (said 15 October 2018). Verdict: unresolvable. Reliability API, claim c_bc8ce6fadcd3, method 0.1.0+c876030c, dataset release v1.1.2. https://epistacklabs.com/claims/c_bc8ce6fadcd3

This claim is in dataset release v1.1.2, with the same verdict.

Reply to this claim

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All of them

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