Topic: the icos are the cause of the fall of bitcoin? - page 2. (Read 567 times)
It is not appropriate to blame the decline of bitcoin because of ICOs. Once we accept this idea then we can reverse it to ICOs can make bitcoin more higher value than before. In that case bitcoin is dependent to altcoins that actually very wrong because as far as I know altcoins dependent to bitcoin.
Though too much ICOs are launching everyday, we cannot say that it has a direct correlation with the price of Bitcoin. If these people that keep on investing to these scam ICOs it is because of their lack of due diligence to study it. There are unicorns ICOs for sure, keep an eye. You might miss it. And I think Bitcoin is a league of it's own to be really affected by scam ICOs. There are different animals. So I think the ICOs do not cause the fall of Bitcoin.
I am partially agree with you. I agree that scam ICOs are destroying the reputation of cryptocurrency and at this moments it is high time took necessary steps to prevent it. But on the other hand new ICOs are also building the community of cryptocurrency. The bigger the community the better the price. So new ICO other than scams are actually helping bitcoin.
NO but it is the opposite. These ICO help to increase the market price of bitcoin because most of these ICO's are ethereum platform base and as we all know that ethereum is the direct alternative coin for bitcoin. These ICO's are using ethereum to exchange their crypto and ethereum to bitcoin to fiat money. So the participation of bitcoin and ethereum is there with the ICO promotion.
The ICOs do receive ETH. But how did you come to the conclusion that the ICO teams exchange the ETH to BTC to fiat? Also, with the transaction flow you said, then they still ended up selling the BTC in the end. So how is it the opposite?
one of my theories about the current bitcoin price fall is like this. since this fall is not a normal one in my opinion there has to be other reasons including manipulation and altcoin dumps.
ICOs and altcoins alike are losing value and that is a huge amount of money that is exiting their respective markets. during a dump like this, it is always big players that are cashing out their money. what they do is that they sell their tokens/altcoins for bitcoin and then sell that bitcoin for fiat. and that can bring bitcoin price down also.
ICOs and altcoins alike are losing value and that is a huge amount of money that is exiting their respective markets. during a dump like this, it is always big players that are cashing out their money. what they do is that they sell their tokens/altcoins for bitcoin and then sell that bitcoin for fiat. and that can bring bitcoin price down also.
NO but it is the opposite. These ICO help to increase the market price of bitcoin because most of these ICO's are ethereum platform base and as we all know that ethereum is the direct alternative coin for bitcoin. These ICO's are using ethereum to exchange their crypto and ethereum to bitcoin to fiat money. So the participation of bitcoin and ethereum is there with the ICO promotion.
every day new ICOS arise and 8 out of 10 ICOS are a scam, many people are losing their money and because of these scams they no longer invest in cryptocurrencies, and because of all this the bitcoin ends up losing confidence. So the ICOS is the quasante of the fall of bitcoin? What do you think?
My opinion is different from you, which causes Bitcoin to fall because of the scam ICO and the investors are not careful in choosing the right ICO.
my own experience can be successful with investing in ICO coins and the results can be multiplied.
the point is not the ICO coin that dropped Bitcoin but the con artists who managed to deceive many people.
every day new ICOS arise and 8 out of 10 ICOS are a scam, many people are losing their money and because of these scams they no longer invest in cryptocurrencies, and because of all this the bitcoin ends up losing confidence. So the ICOS is the quasante of the fall of bitcoin? What do you think?
Yes,it also maybe a reason for the price fall with the bitcoin but people to be educate themselves before investing onto something if they blindly invested onto something then they can't blame anyone.If someone who just new to crypto will be better to avoid ICO investments and invest the coins which is already got reputation then it may give the trust about the crypto currencies.But if all the people knows how to get safe from scam ICOs then they will fade away soon.
At the very beginning i should say that scam ICOs are not one of the main reasons of downfall of BITCOIN. Of course many ICOs are now not in the safe Zone. It can effect the interest of the good investors & can lead to ban on advertisements like happened in facebook.
Bitcoin price fluctuates due to many reasons & ICO effect is one minor problems. If you are intending to invest in bitcoin do believe & collect more at this dip. Consider the technology behind crypto & don't forget world moves with the best & better & easiest technology. Blockchain is revolutionize & fulfill all the requirements to revolutionize the world. Your main focus should not be the adoption of BTC but the future of bitcoin as bitcoin is known & accepted in every corner of the world.
Bitcoin price fluctuates due to many reasons & ICO effect is one minor problems. If you are intending to invest in bitcoin do believe & collect more at this dip. Consider the technology behind crypto & don't forget world moves with the best & better & easiest technology. Blockchain is revolutionize & fulfill all the requirements to revolutionize the world. Your main focus should not be the adoption of BTC but the future of bitcoin as bitcoin is known & accepted in every corner of the world.
It is people who invest in scam icos is fault too. You need to do fully research before you invest in. No one is telling you good information that they spent so much time to research it. It is our responsible for our own action.
Too much ico daily and most of of they are even failing to meet up to 10% soft cap let alone making the soft cap...
Many people think that ICOs are the very best choice to multiply their money in such craziness amount. But, due to there are so many ICOs, only 1 of 1000 ICOs can make the market blow up that can gain up to 1000% or even bigger. For the scam in ICOs, the percentage of I've got scammed by ICOs is just small, I usually take profits from an ICO or even loss 1000% of my investment (FIXY project).
every day new ICOS arise and 8 out of 10 ICOS are a scam, many people are losing their money and because of these scams they no longer invest in cryptocurrencies, and because of all this the bitcoin ends up losing confidence. So the ICOS is the quasante of the fall of bitcoin? What do you think?
I don't think so, maybe if the investors are newbie in investing initial coin offerings this might probably first comes in their minds, Bitcoin falls due of false news in the internet and some critics said bitcoin is fraud.
I was thinking the same........there's just so sooooo many ICO's these days.......seems like they're endless. The majority are scams but some are legit too. Surely even if all the ICO's were legit they'd still have a negative effect by taking away money from some of the larger cap coins....
It doesn't necessarily means that they would no longer invest in cryptocurrencies in general. They just might stop investing in ICOs. Also, I think most people who invest in ICOs knows that bitcoin is sort of the "reputable" coin in the cryptocurrency markets. So it doesn't necessarily mean they end up losing confidence on BTC when they get scammed by ICOs.
So, no. I disagree with your theory.
So, no. I disagree with your theory.
every day new ICOS arise and 8 out of 10 ICOS are a scam, many people are losing their money and because of these scams they no longer invest in cryptocurrencies, and because of all this the bitcoin ends up losing confidence. So the ICOS is the quasante of the fall of bitcoin? What do you think?
Nice story bro, nice logic!
Every day an 10 new card players are appeared and 8 of them are a card cheater so I guess that's why people are no longer using dollars cus they afraid card cheaters will win that dollars and the people will lose a money.
ICO can help to increase the price of the bitcoin and also to decrease on how. Increasing bitcoin price because the investor will buy bitcoin because they need to purchase coins while if the ICO are scam the founder exchange bitcoin to fiat and that's millions of dollars worth of bitcoin. They have advatange and disadvatange of ICOs.
I don't think ICOs are to blame for the sudden decline in price of bitcoin, IMO it's about high time that the price comes to a halt and correct itself since $20k was something out of the ordinary and definitely not bitcoin's natural growth. Aside from that. people may regain confidence after seeing that they can now buy bitcoin at a much lower price, bringing in a new wave of investors that *might* stick into bitcoin no matter the weather once they experience taking profits. People who get burned by fake ICOs are the ones to take blame and not bitcoin. Poor research often leads to poor results.
every day new ICOS arise and 8 out of 10 ICOS are a scam, many people are losing their money and because of these scams they no longer invest in cryptocurrencies, and because of all this the bitcoin ends up losing confidence. So the ICOS is the quasante of the fall of bitcoin? What do you think?
Nope i think there are no correlation, it's down because of people who hold big bags of bitcoin sell it with cheap price, so the price dumped.
I think we just need to wait the whales are pumping and also new investors, then bitcoin price will boom again
ICOs are one among the reasons. But this is not the fall or end of bitcoin. It's just a mere correction in price. There are many other factors for this correction. Last year BTC had a huge growth. So obviously it was expected to go down. Some scam icos which run away with money are also a problem indeed. But I believe that btc will indeed come back up. We are near the bottom I believe.
Jump to: