"ICO" means: Initial Coin Offering.
It is the sale of an Alternative Crypto Currency offered in exchange for your Bitcoins. ICOs sell alt coins, NOT bitcoins.
1500 Alt coins exist and counting! Many are completely pointless with the intention of nothing but profiting off bitcoin!
The gold rush for ICO popularity drove up the price of BTC because everyone needed to buy BTC in order to exchange it for some Alt Coin's Initial Offering Sale. Because they believe "Blockchain technology" will make pizza faster, beer better, or contracts more secure. lol
"Blockchain Technology" means: A continuously growing list of records, called blocks, which are linked and secured using cryptography.
When you hear "Blockchain Technology" will add, improve, or whatever. It is bullshit. SQL databases do the same thing already. So anyone using those words in a serious non-joking manner, is lying to you.
https://www.bloomberg.com/news/articles/2017-12-21/crypto-craze-sees-long-island-iced-tea-rename-as-long-blockchainPerfect example of Long Island Ice Tea changing it's name to include "Blockchain" made it's stock value go UP, because of bullshit popularity of the scam word.
Bitcoin will go up if people are educated.
If you help educate people on this forum that
ICOs are NOT Bitcoin,
and remind people that
Google, Facebook are not banning Bitcoin. They are banning ICOs.
They are banning advertisements that are selling Alternative Crypto Currency in exchange for *your* bitcoins.
These ICOs are becoming so popular they are mostly scammers. Admit it, you have thought about making your own crypto and selling it. Your own ICO.
If this Alt coin was so valuable, they would just fork it, or keep it themselves for their fake business solution that makes Long Island Ice Tea taste better, pizza deliver faster, or diplomas more secure. lol
SQL already exists.
How many of you people even knew what "Blockchain technology" was before I told you? 2 of you? Yet all 500 of you who will read this want to invest in Bitcoin. You want bitcoin because it goes up in value.
So
help yourself, and the Bitcoin community by teaching people real facts. Stop noobs with 1 post, 0 merit, from spreading Doomsday lies about BTC dropping to comical numbers and Alt coins going up or replacing BTC. All the alt coins wish they were BTC, and they all want your BTC.
No other alt coin can by things in retail stores, cars, and they don't have Visa cards, or ATM cards. Only Bitcoin does.
If you like this post, send me some Merit points so I can brag about my Merit to help me convince people to listen to facts and not noobs.
Also link, share, or quote me with copy paste to spread facts and help educate people so we can Rise up Bitcoin.