Crypto ICO's are killing Bitcoin. - page 20.

bololord

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Quote from: Truther on October 31, 2014, 10:21:12 AM

I never understood why cryptotraders and exchanges support ICO's, my reasoning is this: An ICO gets funded, then they do what, they SELL the BTC they raised for fiat and push the price dive on BTC, thus taking all those BTC out of the trade environment, anyone thinking that an ICO would reinvest into the exchange is naive. This hurts everyone, even the exchanges. You might say "Well the exchanges get fee's on ico" well that is true, but they are losing all future potential fee's on those coins, if they had continued trade on the market.

So in Short - ICO's are killing Bitcoin and CryptoMarkets.

I do always look forward for a new coin in the market but im also worried about the bitcoin and its future. Added coin on the market for sell i quite good for customer's choice but it will decrease the chances for people to buy bitcoin because of probability that people will buy another coin. We need to continue promoting bitcoin for it to not lose its value in the cryptomarket.

Aying

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Quote from: cpfreeplz on March 03, 2018, 11:33:47 PM

Erm, not all ICOs take Bitcoins, it's usually ETH actually, which is a giant polished turd that's going to fail unless some major changes are made anyway so who cares? I'd like to see some Bitcoin tokens but sadly we don't see any decent new tech very quickly in the wonderful world of Bitcoin. Maybe this decade we'll see mimblewimble, a working LN etc, but I'm assuming these will be 2020 or later before we see these major improvements to Bitcoin.

You are right, not all ICO's are killing when in fact they are lifting each other because of Bitcoin, ICO has been found out and because of ICO bitcoins demand is increasing rapidly, so they are really complimenting each other.

danyaljacksononly

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Not at all. I think Bitcoin is the king of Crypto market. So, no one can beat them!

cpfreeplz

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Erm, not all ICOs take Bitcoins, it's usually ETH actually, which is a giant polished turd that's going to fail unless some major changes are made anyway so who cares? I'd like to see some Bitcoin tokens but sadly we don't see any decent new tech very quickly in the wonderful world of Bitcoin. Maybe this decade we'll see mimblewimble, a working LN etc, but I'm assuming these will be 2020 or later before we see these major improvements to Bitcoin.

noictib

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Quote from: Truther on October 31, 2014, 10:21:12 AM

I never understood why cryptotraders and exchanges support ICO's, my reasoning is this: An ICO gets funded, then they do what, they SELL the BTC they raised for fiat and push the price dive on BTC, thus taking all those BTC out of the trade environment, anyone thinking that an ICO would reinvest into the exchange is naive. This hurts everyone, even the exchanges. You might say "Well the exchanges get fee's on ico" well that is true, but they are losing all future potential fee's on those coins, if they had continued trade on the market.

So in Short - ICO's are killing Bitcoin and CryptoMarkets.

You are right at your argument point but still there is another factor that forced all the exchange to accept ICOs new new coin .
In this world everyone is free to show his talent and power and also everyone free to make his coin , so every time new new coins are entering in this field and many small exchange give support to them for the launch of the coin Because they know very well if they will help new coin then there may be most of the chances that coin may be reach to a high level ( example is neo coin ) .
So don't think anyone about coin in very small way , they may prove in more better way or they can enter with new technology in this field and can beat another low potential technology's coins .
And also increasing in numbers of the altcoins increasing the demand of the bitcoin , so it is also a +be point for us to make money with bitcoin hold .

levvv

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Quote from: Truther on October 31, 2014, 10:21:12 AM

I never understood why cryptotraders and exchanges support ICO's, my reasoning is this: An ICO gets funded, then they do what, they SELL the BTC they raised for fiat and push the price dive on BTC, thus taking all those BTC out of the trade environment, anyone thinking that an ICO would reinvest into the exchange is naive. This hurts everyone, even the exchanges. You might say "Well the exchanges get fee's on ico" well that is true, but they are losing all future potential fee's on those coins, if they had continued trade on the market.

So in Short - ICO's are killing Bitcoin and CryptoMarkets.

i think you a quite wrong. in many ICO, bitcoin is still accepted in payment, so bitcoin holder no need to sell their bitcoin.
they can invest in ICO using bitcoin too. besides, bitcoin demands is still high nowadays.

Indrawan77

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Well exchanges is a business place, whenever the owners think that they can make profit then they will enlisted the ICO, not all ICO is bad, some of them got a really good potential, so it's a healthy rivalry for bitcoin, I don't see anything wrong with that, the investors got more to option in crypto and for me that is a good thing, don't worry about bitcoin it will survive and still stay on top

dollarneed

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Many ICOs right now are running in Etherum, it is very rare to see ICO that participant can buy with their bitcoin directly mostly are using Etherum, it is totally different long before eth discovered. They will dump their token to etherum not to the bitcoin so if you don't have to worry about it, is this killing Etherum? of course no, everyone sells their coins to etherum in order to get profit then buy Etherum again when New ICO is coming the cycle will be repeated, .

Games.Bitcoin

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I mean in the end everyone is profit driven so if it's healthy for the exchange they'll do it.

omorfi

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This is not very accurate. Almost all of the Ethereum Blockchain and smart contracts based cryptocurrencies are in-service ecosystem currencies. Bitcoin is universal transaction based currency.

Umkar

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It is a little strange reflection that the ICO conducted, as they collect bitcoins as an investment for their project, and then these bitcoins are sold, this negatively affects bitcoin. This statement was written back in 2014, but since then no one has expressed such an idea and did not associate the ICO with the drop in the rate of bitcoin. Maybe the bitcoine course recently fell due to the fact that last year there were already 902 ICO spent? A very strange statement

Gameroid

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Quote from: weav on March 02, 2018, 02:18:45 PM

A small dump from a ICO won't kill bitcoin , maybe the price goes down temporarily but people will buy those coins again. This is the same when a whale sells their stack , it is all part of the market. And as long as their are enough people who will give money these ico's it will keep happening.

Actually the fake ICO and the such ICOs who reasons is only to collect the money is really creating problems for bitcoin, people after losing money there become disappointed and then remain too much cautious and try to avoid investing their fiat currency in bitcoin or any other altcoins. Therefore we need to be careful while selected an ICO for investing money.

Cryptorios

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Most newbs are just impatient.

They need to do a lot of reading and research before they get into ICO.

They buy any ICO and expect it to be the next bitcoin.

damntravis

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Yes i agree, scam ICO coins kill bitcoin and other value cryptocurrency coins...

weav

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A small dump from a ICO won't kill bitcoin , maybe the price goes down temporarily but people will buy those coins again. This is the same when a whale sells their stack , it is all part of the market. And as long as their are enough people who will give money these ico's it will keep happening.

Kildin11

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interesting idea. All the capital is now in ico, and not in bitcoin, it's like one of the options that bitcoin does not grow. but not the main

BountyX

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ICOs are just expanding the world of cryptos into real life projects and products, so they are beneficial to give a reason to be to cryptocurrencies. That's the contrary of "killing Bitcoin".

VenturaBro

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I believe most of the people and organisations who deal in bitcoin view it as means to transfer value from A to B, hence "currency" in cryptocurrency. what hurts bitcoin the most is people treating it as an investment in my oppinion. to sum it up icos might be hurting a portion of bitcoin price, but its essentially impossible to "kill" already established working currency with promise of becoming one. if any coin kills bitcoin it will be long past the ico stage of its life.

jbreher

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Quote from: GailSan on November 01, 2014, 08:00:18 AM

Can someone tell me if any of the other 500 or so alts have been adopted in the real world?

I can tell you. The answer is 'no'.

The real world recognizes the utility of bitcoin and bitcoin alone -- at least to the extent that it recognizes cryptocurrenies at all. To the world at large (i.e. people other than those of us who obsess over the matter on bitcointalk and reddit/bitcoin), cryptocurrency _is_ Bitcoin. End of discussion.

vanbex

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Quote from: CoinHoarder on November 02, 2014, 09:03:27 PM

I think ICOs would not be as popular if Bitcoin would be more open minded towards making changes, improving the ease of use, and adding features. Bitcoin drove me to alternative currencies due to its shortcomings. Using Bitcoin is like playing Nintendo 64 in 2014.

I kill at N64

Topic: Crypto ICO's are killing Bitcoin. - page 20. (Read 6365 times)