Topic: Does Bitcoin price affect ICOs - page 7. (Read 2957 times)
ICO token is the same coin as others, that`s why it is affected the same way as the other coins. So, wait till the btc pump:)
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.
In my observing, when the price of Bitcoin go down, it will make whole market also decrease, and the most important thing is that the price of Ethereum is also affected. It make the value of tokens when list in market will be affected so much
All ICO accept contributions in cryptocurrency, so if the price of coins falls, then the project that a project needs to start is not achieved!
To the best of my understanding, I think yes. My reason is because bitcoin is the most dominant of all digital assets.Due to its wide range of adoption when bitcoin drops, other coins tend to follow suit, because large amount of funds are living the crypto space . Except on occassion when bitcoin dominance is reducing.
Definitely, it has always been and will be so until BTC is a bargaining currency for all other projects, so I don’t think that there’s something to be surprised at, this is normal and it will be until BTC leaves
Ofcourse, less money going into Bitcoin/crypto will mean that there's a lot less money going into ICOs too.
As we see BTC is a base and this coins is an influencer on everything that we have in crypto and ICOs are there as well so this dominance is too strong.
For me it's a No! What is the connection of bitcoin price during that ICO?
It's all about the project of how it can be adopted in a real world and the advantages of its purposes. If that said ICO is don't have the purpose and can't meet the roadmap how would the inventors trust it? What is wrong with the ICO now are the investors who want to gain an instant profit. After that token listed in an exchange market those investors are dumping, they don't think about the purpose of that. Coin anymore it's all about profits.
It's all about the project of how it can be adopted in a real world and the advantages of its purposes. If that said ICO is don't have the purpose and can't meet the roadmap how would the inventors trust it? What is wrong with the ICO now are the investors who want to gain an instant profit. After that token listed in an exchange market those investors are dumping, they don't think about the purpose of that. Coin anymore it's all about profits.
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.
In my observing, when the price of Bitcoin go down, it will make whole market also decrease, and the most important thing is that the price of Ethereum is also affected. It make the value of tokens when list in market will be affected so much
At the beginning of the ICO, they describe the initial price of the token in the branch , when bitcoin falls , this price may be less, and most likely it will appear on the exchange with a large drop.
I think that btc price doesn't affect ICOs much. To my mind, there is the certain connection but i am not sure which one exactly as I am new to this system and don't know all nuances
Definitely, especially in downtrend market. However, there are still few ICO s out there that have defile the odds, they have pushed forward on their project and idea regardless of price of bitcoin. Pundix is a good example of this!
Yes of course, since Bitcoin and Ethereum are the most picked coins for investing ICOs a drop in the market would mean a lesser number of coins you will be receiving from the investment you did from the ICO but if the ICO did not lessen the number of coins you will receive there would be an inflation happening if Bitcoin and Ethereum got up since there many investors and traders will reside to Bitcoin and Ethereum for potential profits.
Maybe. I think that many have already read about the domino effect. Most likely, bitcoin is directly related to each token and ICO projects. All token graphics are very similar to each other. There are only a few projects that are tied to the dollar.
Everything in crypto is currently tied to Bitcoin, so when bitcoin moves, everyone moves even the ICO's.
The reliance in bitcoin may decrease in the future OR it may be the only cryptocurrency that survives.
Let's wait another 5-10 more years.
The reliance in bitcoin may decrease in the future OR it may be the only cryptocurrency that survives.
Let's wait another 5-10 more years.
ofcourse the BTC price will affect in other altcoin because they are in a market. In general, when the market is still high, the BTC price can help people are more confident about crypto currency. but now, when the Bitcoin cant keep its price, the investors will consider very much before investing in ICOs
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.
Thats what I also notice everytime I see that bitcoin price is rising up. Other cryptocurrency also will. Maybe because their foundation making those crypto is based also by bitcoin. What I mean is that bitcoin is uses for payment maybe so they have stocks of bitcoin if it dumps the price of their token will also dump.
If the price of bitcoin is reduced, then the price of altcoins is reduced . I don't know why this is happening.
Most ICO project have internal token that is built on altcoin. And as it is presently in cryptocurrency, bitcoin price movement affect pricecof altcoin and if price of altcoin is affected, so will be the price of token built upon it!
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.
No, it won't affecting the ICO performance directly. Many ICO pegged their token price in fiat currency like USD or EUR.
But maybe ETH can affect it because ETH is required for the gas fee of the transaction of the ICO tokens that being sold.
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