Crypto ICO's are killing Bitcoin. - page 4.

xtrump101

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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 dont think so, ICOs werre here many years ago and still bitcoin is alive and kicking, before 2 years ago this is how i believe only then that its now 2018 and it hought oh wait bitcoin is still here, and because of ico bitcoin were purchase and sold so it helps bitcoin to circulate more..

Cryptogainsairdrop

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BTC won't die because of the ICO for sure but i think we share a similar thought about ICO's. It would need a "filter" to remove those who are just crowdfunding with actual no use of the BC.

IMHO all this amount of ICO's is damaging the mass adoption because tons are useless / scams (don't look at my signature since BC is useless at this point of the project Roll Eyes

). But ICO's are evolving the BC technology with new opportunities and that's magic to see how it's growing. I would also agree with the fact that it's killing the BTC philosophy since plenty of projects are centralized... "Nakamoto" would probably be disappointed to see how it has been used to make some greedy people richer.

Anyway, BTC is also, to this point, the safest one and hopefully we will see the loss of fiat use for cryptocurrencies during the current decade Wink

TheKeyLongThumbI

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ICOs are not just killing bitcoin by doing but also the whole crypto industry. When they pushed btc down, all the altcoins follow. But I do not believe that most of the ICOs does that because they need funding to pay for their devs or the team working on it.

denzkilim

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Quote from: Violettochka on October 22, 2018, 02:51:34 PM

I honestly don't get it why people tend to care about BTC way more than about other coins and crypto overall. Emergence of new coins help crypto evolve.

Because most of the people/investors are Bitcoin investors and most of them invested at its peak when it was skyrocketing at the later part of 2017 and early part of 2018 this will surely answer your question. Grin

And Bitcoin is no doubt the best crypto currency so far with its really awesome security feature and for almost a decade its system is never been high jacked or jeopardized by hackers. Cool

Quote from: Tahir460pk on October 22, 2018, 09:58:56 PM

Not really that crypto ICOs are killing bitcoin it's their own system which is rotating him and affects on different altcoins so no need to worry it's all depending on the supply and demand.

Actually new crypto currency initial coin offerings help Bitcoin to be on the top list of most traded crypto currency and its dominance on Coin market capitalization is freaking awesome.
Take a look at this picture below.

It shows 53.7% overall dominance on the whole crypto currency market and every ICO that obviously most of them pairs with Bitcoin and most of the coins or tokens listed on exchangers have a Bitcoin trading pair this obligates the investors to buy Bitcoin first to be able to trade or buy the coin or token they want.

BlackBeautyFright

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The price of Bitcoin affect in relation to the change in the crypto market. The ICO can't kill Bitcoin. The appearance of the ICO is consistent with the technological era and especially the decentralized era because of One needs to be the transparency of the system. Bitcoin won't die and will grow more.

Neovitadi

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Quote from: blocklancer8 on October 23, 2018, 01:50:04 AM

I think that ICO's will not kill bitcoin, ico provides a lot of potential for profit when exchanging their coins. And even this also still depends on eth or bitcoin. Bitcoin remains a pioneer and all will continue to favor bitcoin both now and in the following years.

Bitcoin could not get harmed by the ICO's anyways. The ICO's help the coins Bitcoin pioneered push the price of BTC up.

blocklancer8

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I think that ICO's will not kill bitcoin, ico provides a lot of potential for profit when exchanging their coins. And even this also still depends on eth or bitcoin. Bitcoin remains a pioneer and all will continue to favor bitcoin both now and in the following years.

EllenSmith

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ICO stands for "Initial Coin Offering", an ICO established by a group or company. Having the idea to help the community, it is necessary to raise funds for the successful implementation of the project. Investors support the company by purchasing tokens using BTC, ETH or other Crypto . I don't think that ICO will kill Bitcoin

coinwizard_

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Right now i would icos are not killing bitcoin, they are killing ethereum. Those ico guys collected millions of ETH and are now dumping them en masse. Bitcoin is being hodled for now

Usafstar

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I think that crypto ICO is best at their own and bitcoin has it's own value in the market the people trust bitcoin more than any new ICO so i can say that ICO are not the reason to kill bitcoin people have bitcoin in their portfolio and it is fact that bitcoin will always survive for the whole life, Bitcoin has a high value in the market and it is never happen that bitcoin will die.

Wodomi

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Quote from: Violettochka on October 22, 2018, 02:51:34 PM

I honestly don't get it why people tend to care about BTC way more than about other coins and crypto overall. Emergence of new coins help crypto evolve.

With the presence of many new crypto coins means the choice of people who want to trade or invest crypto the more choices, of course there is good. But there is also bad. Because all altcoins are converted to bitcoin, while bitcoin is converted to USD . So the more altcoins, the money invested in bitcoin will decrease, while bitcoin itself is a cryrtocurrency parameter

gulshan1

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Bitcoin is the basic need for buying and selling the altocoin on any exchanges. Mostly many coins are trading against bitcoin pairing. All ico are coming with the base of ERC20 supported wallet and running in the market but there is less effect to the bitcoin. NO any ico can not kill the bitcoin and this is a big joke.

Tahir460pk

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Not really that crypto ICOs are killing bitcoin it's their own system which is rotating him and affects on different altcoins so no need to worry it's all depending on the supply and demand.

pinoyden

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Quote from: deppil on October 22, 2018, 08:24:30 PM

Quote from: 1Referee on November 01, 2014, 07:35:32 AM

Well, they can't "kill" bitcoin at all. There is no need to compare shitty scamcoins with Bitcoin.

Nowadays the altcoin market is filled with a bunch of newbies, scammers, and gamblers.

He was worried about the funds at ico running into fiat, and making the bitcoin market weak. you don't need to worry about that dude
bitcoin won't die because of that? that's the cycle in crypto investment. You don't need to be afraid of something like that

why not ? we should still worry about that because that might be the cause of the death of bitcoin . at first it can weaken the sales of bitcoin because people are get easily attracted about the benefits of investing in ico's plus there were now also alot of ico that is offering more competitive incentives than the others , eventually all existing investors will now divert thier investments to ico's because they see that the bitcoin market is going down and not seem to recover anymore and can soon die if now one will ever have the interest to invest on it .

can you imagin that bro ? hmmm Huh

deppil

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Quote from: 1Referee on November 01, 2014, 07:35:32 AM

Well, they can't "kill" bitcoin at all. There is no need to compare shitty scamcoins with Bitcoin.

Nowadays the altcoin market is filled with a bunch of newbies, scammers, and gamblers.

He was worried about the funds at ico running into fiat, and making the bitcoin market weak. you don't need to worry about that dude
bitcoin won't die because of that? that's the cycle in crypto investment. You don't need to be afraid of something like that

princeyeboah

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ICOs contribute to achieving the bigger goal of the entire crypto industry through the utilization of the Blockchain. All cryptocurrencies complement each other as they send a message across to the world of the imminent digital currency order.

jtrapirap

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Well i guess not all ICO's have negative effect on Bitcoin growth, only those scams and fraud ICOs. Legit ICOs infact can bring positive impact to the crypto community by introducing new blockchain technology innovation and products. Unfortunately, there are still huge number of ICOs nowadays which are just scam, its all up to the community to decide whether to engage and invest on those ICOs.

maulana rifai

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Quote from: Violettochka on October 22, 2018, 02:51:34 PM

I honestly don't get it why people tend to care about BTC way more than about other coins and crypto overall. Emergence of new coins help crypto evolve.

Bitcoin has a very good value stable. almost all altcoins follow the growth of the value of bitcoin so that everyone is interested in bitcoin. because bitcoin has been proven to provide real benefits for smart users.

kucritt

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crypto ICO is not killing bitcoin, why? because it work in the different platfrom, i think crypto ICO is the one of list that makes bitcoin can growing more and more, and i think makes bitcoin is more popular than before

SarahAfiah

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well, it is true that the ICO has a bad influence but at least from every ICO there are also positive things to be gained such as new technology and innovation. All of them were determined from the funding results obtained, whether the ICO achieved softcap or hardcap because of that determines the development of the existence of the ICO. but certainly the ICO also has an effect on strengthening market prices because all are interrelated

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