ETH and ICO's - page 2. | Bitcointalksearch.org

RoommateAgreement

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Bazinga!

Quote from: Appie34 on October 14, 2017, 07:09:31 AM

I was looking at ETH and as far as I understand, this coin is mainly successful because of the ICO's nowadays.

ICO's are booming and it looks like it never ends. But what if all ideas are gone and the amount of new coins which use/ need ETH are decreasing. Would this have much effect on the price?

Maybe someone can correct me if I am wrong?

well ethereum and many other similar ones are platforms for smart contract. and nowadays the market for these ICOs is pretty hot and they keep being created. the ideas will never end though. idea is something that never ends. there will always be a new thing to be created.
and since the ICOs that currently come out are mostly jokes rather than real ideas, there will always still be room to improve.

as for price 2 things will change in the future.
first the huge number of useless ICOs will cease to be created and there will only be the good ones remaining.
then there will be more competition. as i said ETH is not the only platform. bitcoin will soon have RSK which enables smart contracts for it. with that the market will be distributed among all these.

result will be big price dumps in those coins that were rising only because of all these ICOs.

Gambit1306

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I expect more use cases from Ethereum after the Constantinople and Byzantium updates. Not a bad idea to hold Eth through those, don't expect a downward movement this year

krauzzer02

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That's one of the reason why etheruem stays on the number two spot of the market and increase it's price for the same time but let us not forget that it is not the ICO alone that make's it alive and healthy, using a blockchain to replace internet third parties that keeps track of complex financial usage, Investors and ethereum Enthusiast make it also alive that have a %100 support to its great potential to the crypto market and blockchain technology.

elbez

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Today there are about 120 ICOs going funding. Most of them - scam. But there will be more and more.

949miner

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A lot of projects are only using ethereum to raise funds for their project, and this is because it is so easy to use and develop a new contract. And ethereum contracts seems more professional, that is why it is so used by the community to create new icos.
And probably more than 40% of the total marketcap of ETH is because of ico's, and all the money that ethereum based ico's are raising right now.

mk4

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Quote from: Appie34 on October 14, 2017, 07:09:31 AM

ICO's are booming and it looks like it never ends. But what if all ideas are gone and the amount of new coins which use/ need ETH are decreasing. Would this have much effect on the price?

Currently ICOs are definitely the #1 reason on why ETH is being used, besides using it for trading. The thing is, as long as people are willing to offer up ETH to ICOs, then I don't think ICOs are going anywhere. They're making good money even without a working product. But yea, if ICOs were to stop, ETH will definitely go lower in price, unless there's some huge ETH update that makes it very useful or something along those lines.

Boseda

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It's true ETH is mainly used for ICOs nowadays, but that's not the only reason price is quite high. There are lots of people who believe in Ethreum platform and ETH is getting a quite good amount of investments for long term. Also, you assume ICOs will end quite soon. I don't think so, maybe in the future ERC-20 tokens will be less than now and all the stupid/useless project will tend to disappear. But ICOs and pre-sales will continue to be on the market.

AdolfinWolf

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Quote from: CodyAlfaridzi on October 14, 2017, 09:02:33 AM

Correct. Currently, ICO is the main reason people buy Ethereum and keep the price flying. What happens when people are getting enough of ICO? ETH price would go significantly lower, I would say. Remember what happen to ETH price when China banning ICOs? Yeah, that's proving that ICO has much influence on ETH price. I think the same would happen when ICOs bubble is over unless there is a new trend hype involving ETH, just like what ICO is right now.

This is speculative and no one can give you a definite answer.

For now ETH's only usecase is indeed hosting ICO's, but as the project further develops, they might add new things which keep them valuable.

Better mining systems, better scalability, and even if all those ICO's are over, the projects are still hosted in ETH's environment ( ERC20 Tokens ).

So unless all these projects die out, ETH is still going to have value, since it keeps these projects running. ( Their tokens, not the product necessarily).

And if these projects succeed on their platform, the ETH "platform" will get more usecases, say for example golem succeeds into making this decentralized megacomputer, you'd still need eth -> golem to use it.

I suspect that if ETH fails, alot more crypto's are going to fail. Surely it's market price / cap will go down and up, but i don't see them being replaced anytime soon yet.

CodyAlfaridzi

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Correct. Currently, ICO is the main reason people buy Ethereum and keep the price flying. What happens when people are getting enough of ICO? ETH price would go significantly lower, I would say. Remember what happen to ETH price when China banning ICOs? Yeah, that's proving that ICO has much influence on ETH price. I think the same would happen when ICOs bubble is over unless there is a new trend hype involving ETH, just like what ICO is right now.

This is speculative and no one can give you a definite answer.

Appie34

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I was looking at ETH and as far as I understand, this coin is mainly successful because of the ICO's nowadays.

ICO's are booming and it looks like it never ends. But what if all ideas are gone and the amount of new coins which use/ need ETH are decreasing. Would this have much effect on the price?

Maybe someone can correct me if I am wrong?

Topic: ETH and ICO's - page 2. (Read 471 times)