Does Bitcoin price affect ICOs - page 11.

thenameisjay

full member

Activity: 462

Merit: 100

Quote from: sirkings0003 on March 11, 2018, 01:57:57 AM

I have been wondering how directly and indirectly fluctuations in the price of bitcoin affects ICOs performance at that time. Anyone who knows this can assist in the explanation.

Sometimes. It matters to bitcoin pricing specially if the trading volume of that token during token sale of the ICO is massive in terms of volume. If that happens, most of the time, bitcoin pricing skews out of proportion or sometimes spikes very high.

rotonda

member

Activity: 121

Merit: 10

Of course, the prices for ICO depend on bitcoin. In any case, 80 percent of ICO depend on bitcoin because Bitcoin is the progenitor of all ICO.

Stormyblue

newbie

Activity: 147

Merit: 0

Quote from: sirkings0003 on March 11, 2018, 01:57:57 AM

I have been wondering how directly and indirectly fluctuations in the price of bitcoin affects ICOs performance at that time. Anyone who knows this can assist in the explanation.

If the market volume of Bitcoin and Cryptos in general goes up it attracts a lot of investors. If more investors are attracted they will try to diversify by investing in ICOs as well.
Since if the price if Bitcoin is falling, a lot of people are drawn away form cryptos and this affect ICOs.

Open4lies

sr. member

Activity: 552

Merit: 250

There is no denying that Bitcoin rates affect altcoins and ICOs on the cryptocurrency market. Each time the exchange rate increases, ICOs will almost be reduced in exchange rates so most ICOs will issue tokens at low BTC rates and fall in exchange rates because the fear of rising BTC will affect the potential of Token.

Cremiopel

newbie

Activity: 42

Merit: 0

Obviously, the cost relies upon BTC specifically. You could see it just from December 2017 till now when the entire market took after BTC developments. Ethereum is generally utilized for ICO's, and there is nothing that the financial specialist can do if the cost of Ethereum goes down.

cryptolidus

member

Activity: 406

Merit: 10

BTC influences the ICO on positive and negative way depending on it`s price. As Bitcoin price correlates with other alts. all ICO s are affected. It is a problem when market declining as ICOs lasts for several months and it can happen that the raised funds value become less at the end of ICO if BTC price decrease.

manggis97

member

Activity: 476

Merit: 10

I think Bitcoin price also make effect with ICO because when the price of BTC on bearish, many investor and trader also on loss and they does not have budget to make invest in ICO. but this thing only make small effect, the bigger effect for ICO market is regulation. Because when regulation come in to ICO market so a trillion dollar of new money also will come in to this market.

Omtamvan

jr. member

Activity: 238

Merit: 2

Quote from: sirkings0003 on March 11, 2018, 01:57:57 AM

I have been wondering how directly and indirectly fluctuations in the price of bitcoin affects ICOs performance at that time. Anyone who knows this can assist in the explanation.

I think not because Bitcoin only affects Altcoin price and thus if Bitcoin price affects ICO what happened with ICO because I know ICO no problem what so what I am not sure if BTC influence ICO because ICO itself is not many people like because of many scams

chicken Campus

newbie

Activity: 182

Merit: 0

I think, if I completely agree with you, I always monitor the graph and see full BTC interactions with other Alts and if bitcoin goes down for ICO funds.
For example, ICO uses a certain altcoin, when bitcoin is down, another altcoin is also down.

mastersay

jr. member

Activity: 322

Merit: 2

Yes, because when bitcoin price falls, some of the investors buy more bitcoin at its lowest price, and can usually get x2 bitcoin for the same amount. And also when the ico sets its pegged price in btc in high, and btc price came to its low, the ico itself will suffer in grave loss.

regexlove

full member

Activity: 608

Merit: 100

I think so, but not much. Typically, developers are roughly calculating how much money is needed to create a project and other small things. Then the amount divided by the number of tokens)

hewbrowden

newbie

Activity: 98

Merit: 0

Quote from: sirkings0003 on March 11, 2018, 01:57:57 AM

I have been wondering how directly and indirectly fluctuations in the price of bitcoin affects ICOs performance at that time. Anyone who knows this can assist in the explanation.

Bitcoin affects all ICOs so that with an equal amount of cryptocurrency investment at different courses, new ICO projects will receive less real money.

Adebits

jr. member

Activity: 182

Merit: 1

Bitcoin is the king of cryptocurrencies. The price of Bitcoin affect the price of altcoins and ICOs whenever they get listed. The influence Bitcoin even goes beyond determining price, it affect the number of ICO investor

Nexjr14

newbie

Activity: 216

Merit: 0

I think the price of Bitcoin only gives little impact to the price of ICO, the biggest impact is on the development team. Every ICO must have a team of developers, they are the determinants for the future of ICO. If their team does not work right, then the price will not skyrocket.

Accts4u2

member

Activity: 350

Merit: 11

As long as it is in the crypto market then the price of bitcoin will definitely affect it. All of the prices of the altcoins follow the price of bitcoin, that is why ICOs are not making a lot of money now because the price of bitcoin is down so people are reluctant about putting money into new projects. ICOs are not left out on being affected by the price of bitcoin.

qidai9

newbie

Activity: 86

Merit: 0

Yes.
All the altcoins are falling when Bitcoin falls, which is the most obvious change. Most of ico's growth has also risen with the rise in bitcoin.

Bytem3

full member

Activity: 602

Merit: 107

Most cryptocurrencies are traded only against Bitcoin (not against fiat). As long as that's the case Bitcoin price will affect prices of other cryptocurrencies. There are some currencies that are not as much affected by the Bitcoin price movement such as Binance Coin (since they have a lot of trading pairs on Binance), very often when BTC price goes down BNB price goes up.

mustafayigittt

member

Activity: 183

Merit: 10

bitcoin can directly affect them as it forms the basis of other subcoins. ico periods included. bitcoin is the locomotive coin of digital currencies.

Boloton

jr. member

Activity: 149

Merit: 2

Quote from: Best Coin8 on July 16, 2018, 02:43:36 PM

Bitcoin has a direct effect on the entire scope of crypto currency. Bitcoin is the main asset on which the whole market rests. Due to the low price of bitcoin, now all projects receive little investment.

Agreed. Because bitcoin is almost a basis for storage, exchange and other operations. Also, all beginners who come to the cryptocurrency, first get acquainted with bitcoin.

Valpekh

newbie

Activity: 70

Merit: 0

In my sentiments YES , on the grounds that everything begins with BTC let say Ethereum was utilized by most ICO's then BTC drop same as ETH then additionally tokens under ETH will likewise dump the cost . I saw that when I saw the market is all red and afterward following couple of days advertise is all green so I think when BTC is red all are red or some may increment yet most surely understood crypto will be red .

Topic: Does Bitcoin price affect ICOs - page 11. (Read 2957 times)