I think there are positives and negatives to the situation.
For positives it brings more interesting projects and more applications for altcoins. ICO's are great for the startup because they allow companies that struggle to get funding through traditional ways. Remember a lot of people are still apprehensive about cryptocurrencies and so finding investment can be tough. More projects also means that it has a bigger audience and gets more people involved in the revolution that is happening. More money in a ecosystem can only be a good thing.
On the other hand, it does inflate the market and pumps up the "bubble" startups with a weak team will eventually fall and the people and for the people who invested that's a bad thing. Also because they are becoming more popular, there are always going to be people who take advantage of "easy money" and so some scams are around. This gives ICO's and cryptocurrencies a bad name. Can be 100 great projects, but the 2 scams are the ones that people will remember.
I feel that some lax regulation is needed, it is too easy to pop up and start and ICO. The market will eventually push out the weak ones but it is still a new concept of raising money, so that will take some time.
Topic: 2017 = the season of ICO's . Good or Bad for Cryptocurrency Ecosytem? (Read 625 times)
September 14, 2017, 06:12:40 AM
September 14, 2017, 05:58:15 AM
I think it is good and also bad, it is good because it has given people / projects the road to getting investment that normally would struggle but it has also opened the floodgates to scams and people just taking other people's money.
September 14, 2017, 05:54:08 AM
I think it may be good! althought there are ALOT of ICOs right now..market is getting kinda saturated by it. But sure, there will be some great projects out of some. Its only about guessing and investing in those who are going to fly! Loads of money are put into many ICOs these days!
September 03, 2017, 11:23:48 PM
many argue here, but certainly the coin of ICO's will not long term if the team is not good. I heard about that kraken now has not listed coin from ICO. is true or not?
September 03, 2017, 02:48:41 PM
Of course it's bad because of pressure on young systems
September 03, 2017, 02:35:52 PM
ICO creates more momemtums for crypto as a whole, and a new ways to gather funds for legit project, which would be so hard to do outside of crypto.
It is definetly a good thing, but most projects do not need the funds they get, and this is a problem generally.
It is definetly a good thing, but most projects do not need the funds they get, and this is a problem generally.
I agree with you. ICO generated demand for other cryptocurrencies, starting with ether first. And the demand makes market even better.
To me, ICOs are neither good, nor bad for our ecosystem. We should keep the balance. That's the only thing.
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September 03, 2017, 02:34:08 PM
On the one hand it attracts an audience and money in industry making cryptocurrency community more. On the other hand inflated a bubble, and bubbles always burst.
September 03, 2017, 01:36:07 PM
ICO creates more momemtums for crypto as a whole, and a new ways to gather funds for legit project, which would be so hard to do outside of crypto.
It is definetly a good thing, but most projects do not need the funds they get, and this is a problem generally.
It is definetly a good thing, but most projects do not need the funds they get, and this is a problem generally.
September 03, 2017, 01:26:56 PM
I believe this is Great for the cryptocurrency system, the more cryptos there are the bigger Bitcoin and other top coins will be, as almost all coins will be exchanged for BTC, ETH, LTC at some point. IMO these ICOs are quite transparent, they are offering a potential fix for what they deem to an existing problem, with no promise of reward or gains. Some of these will thrive and be huge in the future, my favorites include Tezos, Golem, Civic, Waves. Others will be scams and people will lose money, game theory will prevail, this is nothing to be feared.
September 03, 2017, 12:32:55 PM
For now it has been good for everyone eth is the main platform for raising in starting all newbies sold their eth raised and the price was struggling but afterwards ico raisers realised this and the price stop falling much now one day or another they will have to sell only time will tell what affect it cam have in long run.
September 03, 2017, 11:12:12 AM
there are to many ICO's in this year makes new cryptorruncy in the market. is this good or bad? Give your reason
I see nothing wrong with ICO's as a funding model and I love trading, so the more the merrier imo. But the bad is the ease of creation of scams. So before you buy into an ICO, make sure a project's team went thru some sort of selection process, some training and are being guided by a group of experienced people just like how they do it at Cofound.it.
Go to https://cofound.it for a list of their ICO's.
September 03, 2017, 10:44:42 AM
Cryptos don't need the negative attention brought on by most of these scam ICO's.
Some people have made a lot of money but the long-term consequence is that ICO's are now getting a lot of attention from governments and regulators so it may become more difficult for investors from certain countries (China, Russia, USA) to continue investing in new coins.
Some people have made a lot of money but the long-term consequence is that ICO's are now getting a lot of attention from governments and regulators so it may become more difficult for investors from certain countries (China, Russia, USA) to continue investing in new coins.
September 03, 2017, 10:21:47 AM
there are to many ICO's in this year makes new cryptorruncy in the market. is this good or bad? Give your reason
I think it's good because there are being invented many good projects and many good opportunities to expand the altcoin work together with bitcoin.
2017 - known for lots of ICO, airdrops.
September 03, 2017, 10:21:44 AM
Ethereum set on a vision of autonomous organizations and immutable contracts running on the blockchain, but the recent trend of trying to monetize everything will not get far in my opinion. I don't think that there's going to be a great success rate among all the projects launched. Many are doomed to fail with only a few surviving.
Well, i agree with you, its very little bit projects have survived their roadmap. most of them only concerned with crowdfunding. once they get their funds left the project September 03, 2017, 10:12:37 AM
I think that the numerous ICOs give more opportunities for investors, and gives more options. However, most of the ICOs were reportedly scams so it brings a bad name to ICOs and gives it a bad reputation, discouraging the investors. Some coins don't even make it to the exchange or are dumped immediately, making it have a very low price, some are not worth keeping. It may be good and bad at the same time, depending on the outcome and success of the ICOs.
September 03, 2017, 09:01:25 AM
Ethereum set on a vision of autonomous organizations and immutable contracts running on the blockchain, but the recent trend of trying to monetize everything will not get far in my opinion. I don't think that there's going to be a great success rate among all the projects launched. Many are doomed to fail with only a few surviving.
September 03, 2017, 08:57:59 AM
In my opinion this is not good and not bad. Market forces should kill bad coins automatically. There are now over 1000 different coins and I expect that over 80% of them will die within a year. New ICO's can deliver successful coins, but I think there first should be a couple of stable coins which people trust. Stability and a simple to use wallet/exchange/payment system is a must to get the common man to invest in cryptocurrencies and with to many ICO's and coins the common man will be confused...
There are a couple of stable coins like Tether, NuBits, and soon CORION will be on exchanges with a price stabilization mechanism and easy wallet with build in exchange...
There are a couple of stable coins like Tether, NuBits, and soon CORION will be on exchanges with a price stabilization mechanism and easy wallet with build in exchange...
September 03, 2017, 08:25:55 AM
there are to many ICO's in this year makes new cryptorruncy in the market. is this good or bad? Give your reason
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