Topic: ETH and ICOs - Do you think that the decline of ETH price will affect ICOs? - page 4. (Read 506 times)
October 04, 2018, 06:35:53 AM
Yes it wil because the main payment method of ICOs are Ethereum. Otherwise is it also important to know that the funded amounts of projects are also in ETH and that they decide to sell it for FIAT after a period.
October 04, 2018, 06:23:08 AM
I don't think it will influence how many ICOs are conducted using ETH but I'm unsure of how it might change their results. I feel like some people may decide to invest because they see it being a good investment as ETH is at a low price and will likely grow. On the other hand if ETH price increases then it's likely the ETH/ICOTOKEN price will fall and they'll end up losing out on ETH.
October 04, 2018, 06:03:15 AM
Price do matter for projects that has great quality. They are affected with the current dip but the project will keep on following its program and plans but as part of smart contract, they are affected with what ETH is experiencing.
ETH's price has big contribution for its ERC20 based tokens and that's why most of those tokens are also experiencing lows.
ETH's price has big contribution for its ERC20 based tokens and that's why most of those tokens are also experiencing lows.
October 04, 2018, 05:48:51 AM
Actually, ICOs and DApps should be happy about this. Think about gas prices for starters, when ETH was at $1.3k, can you imagine how expensive it would have been to use a DApp for 1 user if he did it 10 times a day? And do you think people are more or less willing to invest ETH into ICOs when ETH was so expensive to buy? Now you can buy $2300 worth of ETH and invest 10 ETH and get bonuses. And people stocking up on ETH now means more investors ready to invest later on.
That anyway is the side issue. ETH price is today what it is mostly because of all the useless ICOs and DAPPs being put out for over 1 year. All hype and price, no value. This is literally the price to pay.
That anyway is the side issue. ETH price is today what it is mostly because of all the useless ICOs and DAPPs being put out for over 1 year. All hype and price, no value. This is literally the price to pay.
October 04, 2018, 05:42:18 AM
I think it's been quite the opposite, the massive ETH sell-off from ICO has been affecting the ETH. Remember that most of the ICO hold their funds in ETH, so in order to protect those funds from the beark market which has affected the entire crypto space, ICO needs to conver their funds into BTC or fiat currency.
It does seem like the sell-off has stopped since the ETH has managed to recover above the $200, we'll have to wait and see what happens now, we could see a reversal in market sentiment to try to guess what the next move from ICO's will be. If the pattern stays the same and the ETF price doesn't drop, I don't think it'll keep affecting ICO, at least for the time being.
It does seem like the sell-off has stopped since the ETH has managed to recover above the $200, we'll have to wait and see what happens now, we could see a reversal in market sentiment to try to guess what the next move from ICO's will be. If the pattern stays the same and the ETF price doesn't drop, I don't think it'll keep affecting ICO, at least for the time being.
October 04, 2018, 05:20:50 AM
Good day! A lot of ICOs has stopped or postponed their ICOs already due to the decline of Ethereum value. They are at a loss and in doubt to be able to reach soft cap. But there are some ICOs who has team members that works at their ends to be able to provide investors the tokens that is worth investing. If a project is confident to keep their ICO going despite this market crash is a thumbs up for me.
October 04, 2018, 04:53:49 AM
I believe it will not affect an ongoing ICO project as long as the project is genuine with very high potential to hit in the market.
Sometimes, it's how the team promotes their project. There are times that crap projects with very articulate marketing team can acquire huge amount of money, while an innovative one with poor marketing can't even get an audience from the community.
So long that a project is authentic in their goals and has very strong team, I think the eth price is not that significant. Maybe, you can buy more tokens now with the current value.
Sometimes, it's how the team promotes their project. There are times that crap projects with very articulate marketing team can acquire huge amount of money, while an innovative one with poor marketing can't even get an audience from the community.
So long that a project is authentic in their goals and has very strong team, I think the eth price is not that significant. Maybe, you can buy more tokens now with the current value.
Promotion indeed plays a big role to the overall success of an ICO. So, in your case, if you come across a great project and you have the funds to invest, you wouldn't consider putting off your investment even if ETH appears to fall below 200USD again?
October 04, 2018, 04:38:03 AM
I believe it will not affect an ongoing ICO project as long as the project is genuine with very high potential to hit in the market.
Sometimes, it's how the team promotes their project. There are times that crap projects with very articulate marketing team can acquire huge amount of money, while an innovative one with poor marketing can't even get an audience from the community.
So long that a project is authentic in their goals and has very strong team, I think the eth price is not that significant. Maybe, you can buy more tokens now with the current value.
Sometimes, it's how the team promotes their project. There are times that crap projects with very articulate marketing team can acquire huge amount of money, while an innovative one with poor marketing can't even get an audience from the community.
So long that a project is authentic in their goals and has very strong team, I think the eth price is not that significant. Maybe, you can buy more tokens now with the current value.
October 04, 2018, 04:23:03 AM
Since ETH's price is still trading near this year's low, do you think ICOs, specifically ERC based, will be greatly affected? Or do you think price won't matter as long as the project is with great quality?
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