ICOs always had a bad impact on crypto and bitcoin in general, IEOs makes it worst If you ask me. These projects are simply taking advantage of reputable exchange platforms, and it's working, so much that people don't even pay attention to the project or what the team is developing, etc.
maybe ICOs had a bad impact on bitcoin's image (i don't particularly care) but they certainly have a positive impact on price. the design of ICOs necessitate investors to buy coins like BTC and ETH first. even during the bear market, a lot of that value stayed locked in ICO company reserves and ICO tokens. so inevitably the existence of the ICO market helps to prop up the price of BTC.
The assumption that these coins will skyrocket for the sole reason that it's listed on Binance is false. It might be the case for some time but in the long run, It's not gonna work.
of course. once it becomes too obvious, the gains will become marginal. once that happens, all the hype will die.
and then some other new token scheme will come along and grab everyone's attention!
The IEO and the ICO all have good and bad sides.
I agree that the IEO and ICO will help increase the price of ETH and BTC because anyone who wants to join it needs to buy BTC or ETH.
However, when the IEO and ICO fail, some investors will no longer trust Crypto, which negatively affects Bitcoin and altcoin.
So if anyone intends to participate in the ICO or the IEO, they should learn about the project they want to join. Good or not good depends on your choice!
