ICOs, not Bitcoin, are the bubble - page 3.

layoutph

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Bitcoin has already surpassed many bubbles, from $30 down to $5, if you are expecting a sudden Bitcoin crash, well Bitcoin is not yet done at the top.

Quote from: rockyshala on November 21, 2017, 07:23:26 AM

If token issuance looks like a claim on the future value of an enterprise, that is true. The problem is, among the scams that have emerged from what can be called the “token-layer” of the crypto hierarchy, investing in unproven applications (“ideas”) is the most prevalent.

Read more: https://cryptodaily.co.uk/2017/11/icos-not-bitcoin-bubble/

RussIT99

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The whole market is in a bubble but the thing about bubbles it no one knows if they will pop or deflate and re inflate.

CodyAlfaridzi

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Yeah ICO has been in a bubble for over a year now and it doesn't show any sign of stopping soon. More ICOs are launching everyday, yet they still gain quite a lot of amounts — some million USD for each ICO. This is a problem because most ICOs are only selling idea and the idea never become a real implementation. Million of USD wasted for the devs personal gain and the token only become an object of speculation. I hope this craziness would end soon.

Quote from: HeRetiK on November 21, 2017, 07:44:53 AM

Of course they are.

Question being, how much of Bitcoin's growth was caused by the ICO hype? I personally think that Bitcoin is largely decoupled from the ICO market. However as always there may be relations at play that will be only obvious in hindsight.

Could you elaborate?

I don't see the relation of ICOs to Bitcoin growth. Do you think ICOs are creating demand for Bitcoin and thus the price goes up? Seems like that's not what caused it. Bitcoin economy is way too big for something like ICOs to have eny effect. Most ICO only raised tens to hundreds of Bitcoin on their whole round. Compare that to Bitcoin daily volume: about 400k-500k Bitcoin every day. That much volume surely isn't coming from the ICO industry.

Shamie1002

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I do believe that bitcoin is not the bubble but ICOs. There may be hundreds of ICOs out there but few have potentials. We are not even sure if they really aim to achieve the project's goal or just to scam people. Though ICOs have definitely have helped in the growth of bitcoin. As we have experienced, ICOs were mostly created this year and as we can see, bitcoin not only doubled but tripled. There may be lot of factors contributing to such Boom but ICOs may be one of them.

Glorypaasa

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Quote from: rockyshala on November 21, 2017, 07:23:26 AM

If token issuance looks like a claim on the future value of an enterprise, that is true. The problem is, among the scams that have emerged from what can be called the “token-layer” of the crypto hierarchy, investing in unproven applications (“ideas”) is the most prevalent.

Read more: https://cryptodaily.co.uk/2017/11/icos-not-bitcoin-bubble/

Theres a lot of ico's are scam so idont know why people says that bitcoin is scam? Lol bitcoin is not a initial coin offering ! This is why some people says bitcoin is only a fraud scammers now are totally active so be careful.

BitcoinPanther

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I do agree that the incident of ICO today bubbled and there are lots of stuff offering non-sense ICO keep on popping. Though it may give negative impression to cryptocurrency but it give a positive demand to Bitcoin and other cyptocurrency since they are majorly used as accepted payment for that ICO.

saycryptohello

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Yes many ICO's are scam, but there are also a really nice projects with working model. And they use ICO as a new way of crowdfunding.

eaLiTy

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Have Fun )@@( Stay Safe

Quote from: sabrikks on November 21, 2017, 07:49:51 AM

Curious to see what will happend to crypto currency when the bubble you know, BOOM
Jokes aside i think that those ico's are hurting the crypto world real bad, and they are spreading like cancer, it's a scammers heaven

There will be a time when all the bubble pops in the ICO world,the amount of money they are able to raise in a short period of time is astonishing and the trend will fade away with new rules and regulations being implemented around the world to stop these sort of money grab projects and ninety five percent of these ICO are just a waste of time and money. Grin

MIT2K

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Quote from: Eternu on November 22, 2017, 06:35:11 PM

I agree that ICOs are creating hype which turn into bubble, and it is just matter of time when it will burst. But I can not agree that ICOs are scam... not all of the at least. There are those which are promising, and thet could turn into great crypto. But sadly there are so many of them and people do not know which to trust, which is real and which is fake, so many choices. But we all know what is bitcoin, and with that difference between bitcoin and ICOs.

So true Eternu, is it not ironic that with Blockchain being the foundation of trust we are finding companies crowdfunding to use it so hard to trust - is there a remedy? or are we just in a phase of having to deal with this?

Eternu

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I agree that ICOs are creating hype which turn into bubble, and it is just matter of time when it will burst. But I can not agree that ICOs are scam... not all of the at least. There are those which are promising, and thet could turn into great crypto. But sadly there are so many of them and people do not know which to trust, which is real and which is fake, so many choices. But we all know what is bitcoin, and with that difference between bitcoin and ICOs.

MIT2K

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Agreed! Well here are the Top 10 ICOs of 2017! Huge investments and huge growth power - ones to watch out for 2018

1      Filecoin      $257,000,000
2      Tezos      $232,319,985
3      EOS Stage 1      $185,000,000
4      Bancor      $153,000,000
5      Status      $90,000,000
6      TenX      $64,000,000
7      MobileGO      $53,069,235
8      Sonm      $42,000,000
9      Aeternity      $36,960,594
10      Monetha      $36,600,000

DrYe5

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Quote from: MIT2K on November 22, 2017, 06:16:06 PM

Quote from: sofi@ on November 22, 2017, 06:01:18 PM

It'a possibe because many ICOs which was introduce in the market are now gone or has no news if they are still available or if still has a value. These ICO mag probably used when bitcoin become accepted in the market and become a legal tender but since until now that issue was not yet settle I guess ICOs will remain idle for a moment

I feel that the majority of ICOs are still active though? But a bubble burst any time now would wipe them out - there not growing and depreciating as there only on exchanges but no product yet

That's what it is that we are not predicting what will happen in the future. At the moment, it is risky and few people believe it, but it is possible that it will be profitable. Who knows.

MIT2K

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Quote from: sofi@ on November 22, 2017, 06:01:18 PM

It'a possibe because many ICOs which was introduce in the market are now gone or has no news if they are still available or if still has a value. These ICO mag probably used when bitcoin become accepted in the market and become a legal tender but since until now that issue was not yet settle I guess ICOs will remain idle for a moment

I feel that the majority of ICOs are still active though? But a bubble burst any time now would wipe them out - there not growing and depreciating as there only on exchanges but no product yet

sofi@

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It'a possibe because many ICOs which was introduce in the market are now gone or has no news if they are still available or if still has a value. These ICO mag probably used when bitcoin become accepted in the market and become a legal tender but since until now that issue was not yet settle I guess ICOs will remain idle for a moment

benzotape

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every currency in the world is bubble, because it is not supported by anything

Anonylz

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Of course that they all are a huge bubble, but they are still making huge money, and that money can be easily in our hands if we invest into the right ico.
I have never been thinking about investing into one, because i dont like to run with all that risk, you know that you can be easily stolen in there, and i dont like that scenario, that is why i dont like to invest into those kind of projects.
But yes, they are growing as hell, and people is still investing in there, so, i dont think that it is a bad idea at all, because they still have traffic, and if they have money + sources, then they have the right to start a new succesfull ico raising millions of dollars with no sense.

MIT2K

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Some ICO companies have the potential to go on to become the next Amazon, Googles and Ebays of the future in new industries. How cool that you can play a game on any screen (without big processor) connected to the internet through rented mining and blockchain technology! one of many great advancements. But imo becaus etheres so many ICOs only a handful will go on to be huge brand names - if you dont understand the technology and cant understand whitepapers (something im still learning) its better to observe and keep a close eye on as you learn more

Mt Pelerin

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ICO is just one aspect out of hundreds of people's financial activities. And as with everything any activity can be turned good or bad depending on the people involved. Same with ICOs. There is a lot of scam and greediness behind many projects, but ICO is just another method of fundraising, and it's a great opportunity for some projects to have a successful launch from the very beginning. It would be a mistake to think of all the projects as a bubble. There are professional teams with strong ideas too.

MIT2K

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Quote from: EDWARD78 on November 22, 2017, 03:29:20 PM

My investing guideline: I invest depending on market cap. Vast majority is in Bitcoin. Rest is spread throughout several of the coins that rank #2-20 on the coinmarketcap.com list. They’re proven, with verifiable teams, mission statements, and business plans. By the time they reach #20, they’re ‘proven’ legit, so to speak.

I will stay away from all ICOs until they’re regulated.

Agree! although i do think theres importance in familiarising your self with ICOs, becoming white paper savvy and looking at how much they've raised for down the line decision making. ICOs are definately tied to Ethereum (380 and counting) - Bitcoin and Litecoin digital Gold and Silver Equivilant which could rise off a crash as people who want out with Eth will find it harder to sell for cash opposed to trade for another coin?

InnMind.com

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Well, not all ICOs but you are right as there are more and more really weak projects trying to launch ICO for whatever purpose without any real value to the community.

Topic: ICOs, not Bitcoin, are the bubble - page 3. (Read 1133 times)