Is there ever going to be a cap on ICO's? - page 2.

VanDeinsberg12

hero member

Activity: 1540

Merit: 507

Quote from: Ladysmith on October 19, 2018, 09:58:28 AM

ICO volume is doubling every year:

https://cointelegraph.com/news/pwc-report-finds-that-2018-ico-volume-is-already-double-that-of-previous-year

Are we going to have thousands of cryptocurrencies or what? Is this ever going to end?

I think it'll take an incredible project behind the ICO to be the be all end all. Create a new world order or something.

Until there will be no any developer that interested in created their own ico and this trend will never end. Remember this is the easy for them all to get money from the investors. i thought that news doesn't have a lot of accuracy remember there was a lot of scam icos and they have counted it, it needs more research to determine which is the real ico.

askmecrypto

full member

Activity: 406

Merit: 109

I dont think that there could ever be a CAP on ICO. Its similar like new companies emerging in market, they are just utilizing ICO as in means to generate the funds required for there development and other factors.
Its possible to have thousands of cryptocurrencies and there are already over a thousand crypto currencies in market. but eventually, it does not matter, the coins which are really worth with real development behind it will only survive.

go4crypto

sr. member

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Merit: 263

Cryptos are a new emerging market sector and ICOs are the easiest way to raise money for anything via the crypto platforms. It will continue until there is a massive bubble like dot coms in crypto sector.

nityans

member

Activity: 183

Merit: 10

I think over time, many projects will disappear losing their value to the crypto industry. There will remain projects that bring technological benefits and have won recognition in the crypto industry.

reveller

copper member

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Blockchain 2.0 is starting now. New projects will launch and become valuable, some public some private, all leveraging blockchain. There are ~45,000 publicly traded stocks which doesn't include all the private companies, so I'd expect somewhere in that range *at least*.

dunfida

legendary

Activity: 3122

Merit: 1140

Quote from: Ladysmith on October 19, 2018, 09:58:28 AM

ICO volume is doubling every year:

https://cointelegraph.com/news/pwc-report-finds-that-2018-ico-volume-is-already-double-that-of-previous-year

Are we going to have thousands of cryptocurrencies or what? Is this ever going to end?

I think it'll take an incredible project behind the ICO to be the be all end all. Create a new world order or something.

Take it and dont mind too much on that matter because as long these projects or ICO wont be regulated then expect it would really flood out into the market adding up thousands of coins which
it doesnt really have much usage. I would say 10 coins would be enough with have specific usage or functions i dont even need 100 coins with replicate ideas or whatsoever because those would
be still considered as trash.

internacrypto

jr. member

Activity: 88

Merit: 1

Quote from: kindbtc on October 19, 2018, 05:55:58 PM

I think ico trend will continue for a couple more years from now and after that regulations will be implemented and only high quality projects will be allowed to raise funds, so the market will become better as we will have only legit icos and not dozens of icos everyday.

Ah that's right, mate! Maybe Government must have an ICO Analysis to rate any a new ICO. I think so the market will become better caused no one will dump using their raised fund (like an ETH price)

kindbtc

member

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SAPG Pre-Sale Live on Uniswap!

I think ico trend will continue for a couple more years from now and after that regulations will be implemented and only high quality projects will be allowed to raise funds, so the market will become better as we will have only legit icos and not dozens of icos everyday.

Awesomus Maximus

member

Activity: 392

Merit: 66

I think it will take a huge crash on the altcoin market before that happens. After that most of the ICOs will be eradicated and most of the investors will lose most of their money. Until that moment, the promise of easy money will be too great to resist. I don't know how such a crash hasn't already happened but I think it is a real possibility.

o_e_l_e_o

legendary

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Merit: 18706

It doesn't matter if an "incredible project" as you put it is developed. ICO volume is increasing because it's an easy way to scam idiots for their money.

We already have thousands of cryptocurrencies we don't need, do not have a working product, don't solve an issue, and don't have a real world use. Almost all ICOs either join that group of useless coins with a team that have no idea what they are doing, or they are outright scams with no intention of ever doing anything beyond stealing idiots' money. You only need to go to the Scam Accusations board to see just how many ICOs take the money and run.

The only thing that will stop hundreds of new ICOs being launched is when idiots stop sending their money to these scammers. Unfortunately, there is a large supply of idiots in crypto.

Ladysmith

member

Activity: 179

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ICO volume is doubling every year:

https://cointelegraph.com/news/pwc-report-finds-that-2018-ico-volume-is-already-double-that-of-previous-year

Are we going to have thousands of cryptocurrencies or what? Is this ever going to end?

I think it'll take an incredible project behind the ICO to be the be all end all. Create a new world order or something.

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