I think it will only feed into the assumption that its all a huge ponzi and scam, aswell as that we're likely to see less new money come enter the market. In the longrun it only means you can buy more of the crypto's you believe will have a future impact and make a larger profit, I guess.
And I think there is need for ICO companies to perform credibly and live up to there bidding in other to correct such negative assumptions. Though, there are bad apples spoiling the whole bunch right now Cryptocurrency and ICOs can still prove to be the finest innovations in the global financial system and project financing. All that is needed is for the system to rid itself of bad eggs and this it must do by itself.
