Dwindling of Ethereum Price and its Effects on ICO Projects

No Pain No blood

member

Activity: 658

Merit: 13

Quote from: upyem2k on September 13, 2018, 04:36:49 AM

As the past few months has been about the dwindling in the price of ethereum and bitcoin. It has had a grave effects on the ICO projects which base their soft and hard card on Ethereum. The recent Ethereum market has experienced much rises and falls but the fall has been in a very large extent compared to the rise in the price.
Some project started and cap Ethereum price at USD1,000 but the price is currently below USD200 which can lead to failure to meet up with the caps set bet those projects.
What do you think can be the way outs for such projects?

there is no way out, the only way to get past all this is to accept that. they can't do anything if it's related to price. You should have known this.

dreico

member

Activity: 448

Merit: 10

the prices of ethereum and bitcoin in my opinion greatly influenced ico projects and their decrease in quantity

clickerz

hero member

Activity: 1414

Merit: 505

Backed.Finance

Quote from: Benarand on December 06, 2018, 03:36:06 AM

With falling prices in the market, many investors refuse to invest in projects, as the current trend shows that there is a large percentage of investment losses. That is why many projects hardly reach the soft cap, or do not reach it at all.

Thats another possible reasons for some project. Eth price is peg to bitcoin also and when the latter slump down, so is the Ethereum. Ethereum low prices means it is cheaper to buy the token and investor is losing here. It greatly affects the project, in terms of its dollar equivalent.

kisfoxs

jr. member

Activity: 289

Merit: 1

In situations like this, it is very difficult to predict. Market prices are volatile and prices often fall. So this has an impact on the ICO project because many projects use the Ethereum platform. The price of ICO tokens will increase if the price of Bitcoin and Ethereum increases. But that also requires a process because now many people throw coins.

coinplus

legendary

Activity: 1386

Merit: 1058

It is not just ethereum price that really stops the ICO projects. It is the whole market and people having absolutely no promise of profit in the near future causing them not to have any money to invest into new projects.

Back in the days, when ICO projects got funded millions of dollars in an hour or so that was because people invested couple thousand dollars into something and the all time high prices made that into tens of thousands of dollars so they tried to spend some of the profits into ICO so they could make money again. Considering none of us made any money this year it means we are also not really looking into investing into any ICO project neither.

Regardless of the ETH price it is not a good time to start investing into unknown projects and keep our money in safe bets like btc and eth.

talkbitcoin

legendary

Activity: 1372

Merit: 1032

All I know is that I know nothing.

i also think the effects are mostly in reverse. it is the ICO projects that are dwindling and are taking Ethereum price down with them in first place. at least this is the main and starting reason for the biggest part of the drop then there is the fact that ETH has been pumped so it had to drop. otherwise i don't see any change in the projects themselves whatsoever, we still keep seeing the same low quality and useless tokens be created but now they are failing.

MainIbem

hero member

Activity: 1316

Merit: 379

WOLFBET.COM - Exclusive VIP Rewards

The many ICOs that sprang up actually caused the price of ETH and BTC to shoot up. It turned out that most of the ICO projects were just mere academic exercise with no real value. Not the dice is cast and more and more people are realizing this truism, therefore, ETH price is coming down. Had it been that all the numerous ICOs were projects having real-time use, the reverse would have been the case.

Mytoken

member

Activity: 392

Merit: 10

Fast, Smart, Trustworthy

I think the price reduction of Ethereum will not affect the ICO phase of the project because they can increase the number of acquisitions to achieve the desired goal!

maksimukr1989

full member

Activity: 524

Merit: 137

Quote from: upyem2k on September 13, 2018, 04:36:49 AM

As the past few months has been about the dwindling in the price of ethereum and bitcoin. It has had a grave effects on the ICO projects which base their soft and hard card on Ethereum. The recent Ethereum market has experienced much rises and falls but the fall has been in a very large extent compared to the rise in the price.
Some project started and cap Ethereum price at USD1,000 but the price is currently below USD200 which can lead to failure to meet up with the caps set bet those projects.
What do you think can be the way outs for such projects?

At the end of the ICO, I am almost sure that the team led out the collected ethereum to Fiat.Therefore, projects should not pay pay attention prices and do what they promised in the road map and do not refer to their inaction by today's market.

CaMeRoNy

full member

Activity: 630

Merit: 103

While the situation in the cryptocurrency market will not change, all investors in the ICO will expect either a return of funds or a long wait.

Nikolas_the_Wonderworker

jr. member

Activity: 238

Merit: 1

The main thing is not to panic and not to sell. The solution is to hold your tokens and buy ETH as much as possible. Today is the right day. ETH fall all the same below $ 100 and is 91-93 dollars. ETH will rise again in early 2019. With the availability of free money, I would spend all on the purchase of ETH today.

dobolspeed3

full member

Activity: 714

Merit: 100

If the ethereum price decreases, it really affects the income of ICO. But that is a good thing. If ethereum decreases, that means investors will invest more than before. Because if you buy ethereum at the current price, of course you get a lot. And more investment in ICO. So what happens to this decrease in ethereum can be said to be good you could say no.

r_delossa

member

Activity: 490

Merit: 10

Crypto currencies is a pretty risky industry and if you are going to hold an ICO, you should understand that there are a lot of risks. The price of the contribution coin can go down, you own token can lose the price and so on.

syarifbitcoinishack

full member

Activity: 280

Merit: 100

The ICO biggest mistake is only accepting ETH as payment, so when the price of ETH is free fall they can't do anything. Because of this reason, there are now many ICO that extend the duration of their sales and even some of them had make decisions to refunds to investors, even though they have reached the softcap.

Benarand

full member

Activity: 773

Merit: 100

With falling prices in the market, many investors refuse to invest in projects, as the current trend shows that there is a large percentage of investment losses. That is why many projects hardly reach the soft cap, or do not reach it at all.

emmybd

full member

Activity: 1218

Merit: 112

Until now, ICOs have mostly used Ethereum blockchain platform, as the price of Ethereum dipping continuously, it is high time they should start using other good platform such as Neo and Eos.

Mt. Dempo

jr. member

Activity: 294

Merit: 1

they can convert the selling price of their tokens, from btc or eth to usd, so no matter the price of btc and eth goes up or down, the price remains based on usd. now all ico have difficulty reaching their targets, only a few of them can reach a hard cap, even soft caps are rarely achieved.

Simayi

member

Activity: 360

Merit: 12

The trend in the ICO market directly affects the price of Ethereum, but the price of Ethereum will not affect the amount of ICO projects raised!

indriasyifa

jr. member

Activity: 322

Merit: 1

the solution now is to hold your tokens and buy ETH as much as possible, in my calculation the price of ETH will definitely not drop below $ 100. and I have confidence that ETH will rise again in the Q1 2019 period.

frchowe214

member

Activity: 402

Merit: 10

As any bounty hunter can tell you the new ico projects are extending their deadlines with icos lasting up to half a year now. The old ones are reeling right now if they haven't cashed out their coins already

Topic: Dwindling of Ethereum Price and its Effects on ICO Projects (Read 293 times)