ICOs are getting attacked and banned everywhere, ETH is dumping hard - page 3.

Red-Apple

hero member

Activity: 1470

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Quote from: p3ppymon on March 23, 2018, 06:24:47 AM

Out of curiosity. What is the actual need of all this coins? Do we really need that many?
Wouldn't it be best to just use ETH instead of all those shitcoins?
I mean you need to convert ETH to shitcoin, transfer shitcoin to other people who will eventually convert it back to ETH.
Hence sending ETH directly would save a step, i.e. low tx fees.

Feel free to disagree.

there are millions of people out there with basic programming knowledge and the need for a lot of money. that is why we see lots of altcoins and lots of tokens of these ICOs. they just keep creating useless thing after useless thing to make more and more money and as people invest in ICOs, new people will see this potential of earning "free and large amount of money" and want to create their own ICO so the number of them grows exponentially.

but i do believe that they may grow in number like bacteria but also they will die like bacteria as their number grew too big!

blozo

member

Activity: 308

Merit: 10

ETH main use should be as gas for the platform, even if now is mainly used for ICOs to raise capital.

When Ethereum platform will scale properly and many successful Dapps will be built on it, we'll see the real usage and value of ETH (with the corresponding 5/10K $ valuation)

Snakerist

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I think Ethereum is a very interesting and promising project and it worth more, but we shouldn't forget about the competitors.

p3ppymon

sr. member

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Out of curiosity. What is the actual need of all this coins? Do we really need that many?
Wouldn't it be best to just use ETH instead of all those shitcoins?
I mean you need to convert ETH to shitcoin, transfer shitcoin to other people who will eventually convert it back to ETH.
Hence sending ETH directly would save a step, i.e. low tx fees.

Feel free to disagree.

dzelenyanskiy

full member

Activity: 378

Merit: 100

I think that this is not so. Many companies that conduct ICO in order to develop a real and not fake project, try to adhere to the requirements of the legislations of the world's leading countries. The decline in the value of ETH is due to the general trend of the crypto currency prevailing in the market. Look at bitcoin and other crypto-currencies from the TOP-100.

Patatas

legendary

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Quote from: Money Maker Shaker on March 22, 2018, 11:08:32 PM

everyone knows that ETH price has only been going up because of all the ICOs that have been using this platform. but we all doubted how effective it was.

Not only that,ETH is the first crypto-currency to offer a platform for other developers to create Dapps using their API.This led to a revolution in the cryptocurrency market.What seemed impossible to achieve became accessible through their developer friendly api.

Quote from: Money Maker Shaker on March 22, 2018, 11:08:32 PM

right now that ICOs are under attack, their ads are being banned on biggest platforms like Facebook, Twitter, Google,... and they also are getting banned in many countries and right now they are illegal.
with all that ethereum price is also falling pretty hard.

I can't explain how happy I'm they are banned.I hope all the ICO's die eventually and there are only coins with anonymous teams which operate just like bitcoin,driven completely by the community.

CoinboyBebop

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Activity: 238

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Just the daily average FUD news. The actuall dump of ethereum has nothing to do with the advertising banning or the ICO bans. There are a lot of ICO's who do not accept participants from usa or china, long time ago. And the advertising from different social media plattforms do not belong to the price of ethereum. So please stop creating more fud. Its just a normal correction on the market, and the price of ethereum are at moment just in a dump, which will be over in some weeks. Its not the end of the world or the end of cryptocurrencies.

AiwaDima

full member

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Merit: 101

Quote from: Money Maker Shaker on March 22, 2018, 11:08:32 PM

i just realized this very interesting relationship here which i wanted to share with everyone and know what you think.

everyone knows that ETH price has only been going up because of all the ICOs that have been using this platform. but we all doubted how effective it was.

right now that ICOs are under attack, their ads are being banned on biggest platforms like Facebook, Twitter, Google,... and they also are getting banned in many countries and right now they are illegal.
with all that ethereum price is also falling pretty hard.

so it seems like everyone was right all along, ETH price has been pumping only because of ICOs...
what do you think?

This is just one reason for all those who are on the way in ETH also negative news from the east and correction all this together and pulling the price down, so expect what the team will do and how will raise the price.

talkbitcoin

legendary

Activity: 1372

Merit: 1032

All I know is that I know nothing.

since every altcoin dropped i am going to say the main reason for ETH dump like any other altcoin dump was because they were in a big bubble because of their pumps last year so it had to be popped.
but i am not disagreeing with the fact that ETH pump was mainly the product of its ICOs and the fact that people have to buy ether to participate in these ICOs which creates some sort of demand for this coin.

Herbert2020

legendary

Activity: 1946

Merit: 1137

some things are inevitable, when a coin is tightly connected with something else and that something else changes it will be affected greatly. in this case ETH has always been tightly connected to ICOs. in fact the only usage for Ethereum platform has been (according to the paper, developer,...) creation of smart contracts nothing else. so if smart contracts (which are the ICOs) were to become obsolete, ETH will also become obsolete.

and this is partly what has been happening this year. ICOs were getting banned, a lot of them were also cashing out their free money and causing the crash which will continue some more.

VeeraS

full member

Activity: 560

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very reasonable in any of these declines, as not only the ethereum is down. but almost all crypto falls.
I think you can not see from one side, in every market decline and growth is a common problem. what's more now there has been some prohibition from the state and social media. I am not as anxious as you are.
because after all. countries do not provide a better place than crypto engagement. and one thing you should know. today, the Internet age and digital technology. crypto is one part in it

megalith researcher

newbie

Activity: 25

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It might be temporarily painful to some people, but I tell you that it's better to be done now than later.

Imagine these things reaching the trillion dollar total market cap, and then people see that 99% of them are nothing else but empty promises. It would be terrible for crypto, and good projects would be affected too.

warning_btc

member

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Decentralized Digital Billboards

Thats right all scamming ICO must be attacked and closed.
Then eth can go up

Hellobx

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The Experience Layer of the Decentralized Internet

But I don't think the ETH will die, because of the ETH use a lot of, not just the ICO, the intelligence of the ETH contracts to build an ecological system, so I think the ICO regulation only short-term affect the price of the ETH.

TorbjornE

jr. member

Activity: 148

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The stock photography revolution

At present, new rules for implementing ICO are already being introduced, such as step-by-step financing, transparency of costs, and so on. All these events will restore investor confidence and demand for ETH will increase.

limmousine

sr. member

Activity: 546

Merit: 251

you are right, honestly its eth price is strongly influenced by its own community and when they start to leave it, the accident will not be avoided. but we must know that not only is the ethereum falling, there are many other alt that can not rise up to this day.

SGToken

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Activity: 462

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Quote from: Money Maker Shaker on March 22, 2018, 11:08:32 PM

i just realized this very interesting relationship here which i wanted to share with everyone and know what you think.

everyone knows that ETH price has only been going up because of all the ICOs that have been using this platform. but we all doubted how effective it was.

right now that ICOs are under attack, their ads are being banned on biggest platforms like Facebook, Twitter, Google,... and they also are getting banned in many countries and right now they are illegal.
with all that ethereum price is also falling pretty hard.

so it seems like everyone was right all along, ETH price has been pumping only because of ICOs...
what do you think?

This is neither the first time nor the last that ICO got banned or regulated as more and more ICO scam happens. It's a good move for long term crypocurrency development.

nightmanisrightman

full member

Activity: 252

Merit: 101

Global Risk Exchange - gref.io

ICOs aren't under attack, that wasn't the whole point behind those bans. They so happen to indirectly affect ICOs but the main intent was not that I assure you this. If there is any dump on Ethereum it will be temporary, as soon as it gets undervalued tons of people will buy it including me.

sourish

full member

Activity: 532

Merit: 114

There is an underlined co-relation between the two, there is no doubt about it. Ethereum is largely dependent on ICOs, with most being conducted through Ether. This sudden Stringency on ICOs could be the reason for Ether to dry up in a hurry. Also, People who bought Ether mainly for upcoming ICOs might be selling them off all at once.

leland orser

member

Activity: 196

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The Experience Layer of the Decentralized Internet

Yes, I also believe that the decline of ETH price is related to the dumping by the ICO team. As the current ICO market is cooled, there will be a large number of teams selling ETH cash.

Topic: ICOs are getting attacked and banned everywhere, ETH is dumping hard - page 3. (Read 420 times)