Bitcoin Forum

There are a lot of ICO projects in the world. I work in one of them too and I'm also sure there are a lot of people representing other projects.

These projects can be a scam, for sure. However, there are also good projects working day and night to create something successful.

In your opinion, how these projects will influence BTC and blockchain? Do you believe your project will bring something useful to the world or it will just make the bubble even bigger?

I can say, that's true that there are a lot of scam-projects or projects who don't have new ideas, so they totally can influence on BTC in a bad way..
But those who are trying to bring something new to the world and technologies - they are great guys! I believe that maybe BTC will blow up some day but Blockchain is our future and it will help our world become better.

I would say it can do both things, depending on either we are dealing with legit ICOs or scam ICOs. Let's not forget ICOs are more connected to Ethereum than to Bitcoin, but I guess BTC is still the main gate to enter into other cryptos, even though we have Ether listed in coinbase, and people can buy ehter directly if they want. Anyway, ICOs, are definitely a good to get more money into crypto, because depending on their funding methods, they usually accept bitcoin and ether for their funding. This means that more people will buy these coins, in order to fund ICOs, if they prove to be good investments.

Of course if instead of good ICOs we get scams, it will bring lack of confidence into crypo, and keep investors away. The scammers will most likely sell the funds they raised back into fiat as soon as possible, because their address could be easily locked out from major exchanges, and it would be harder for them to spend the stolen money.

I've dealt with many ICOs but none of them was on the BTC blockchain. That is why I consider bitcoin to be rather risky. This may lead to widespreading of other blockchains and bitcoin fading in the future

ICOs are promoting many projects. Some have really realistic goals since they also talk about block chain. Through signature campaign, they find advertisers to promote their projects. Some also make social media campaigns to be more effective. What I have observed is that at the end of every campaign (since it is the only thing that information me about the project ), I don't see any improvement aside from they have raised funds.
You are right that sometimes it could only turn out to be a scam.

Maybe these companies need some time to develop their project?

But I trust projects with ready-made product

Almost all projects today make use of blockchain technology for functioning so its pretty evident here that ICOs are only here today because of the blockchain that came out along with Bitcoin.
Bitcoin was the first cryptocurrency to exist and today, there wouldn't be any ICO projects if it wasn't for Bitcoin. Yet, all of these tokens try posing as competition against Bitcoin which it can obviously never beat but any turn, the downfall of Bitcoin means the rise of altcoins.

Bitcoin don't care about these ICOs at all and it(bitcoin) is not affected by anyone of these ICOs which pops every new morning, so in short there is no influence of ICOs over the BTC. No doubt there were some promising ICOs who have delivered their best and many of them are still doing very good job but  the count of successful ICOs is very low, majority of the ICOs are just flooding the market. To be honest the ratio that "my project will bring something useful" to "it will just make the bubble more bigger" would be 1:4.

Hi,

It is hard to determine either ICO will become successful..
Many ICOs are also created as means of exchange but not necessarily as new crypto-currencies..

For many people, ICO projects are also good opportunities of investment, because they believe in the proect behind it. And sometimes, those projects are visibly jokes and still, they get large investment.
How to explain that?

Because in the bitcoin community, we dare to try. We want to believe!  ;)

I've heard that just 6 of 100 ICO projects have ready-made ptoduct

Even though these ICOs are more connected with ETH, BTC still benefits from it. Most people that invest in ICOs usually just dump their coins afterwards and buy BTC. So basically, even with some of these alts eventually failing, money still moves into BTC. With the increasing price of Bitcoins, it seems getting a profit from these ICOs and using the profit to buy bitcoins is becoming the more common way to earn a stake in BTC.

Unfortunately, most ICOs do not reach the stage of ready-made and demanded product. This certainly negatively affects the blockchain industry, but projects that really benefit are changing for the better not only the blockchain industry, but also the world as a whole.

Most ICO projects create new coins and have high growth potential. And every coin uses BTC / ETH as the unit of conversion, so the development of Bitcoin depends a lot on other Altcoins and vice versa. In addition, the fact that these ICO fraud is due to their projects are not developed, there is no potential and coins are not worth, and is called garbage

There are lots of ways ICOs can affect the Blockchain, and believe one of them is to increase the bubble.It does not only affect the Blockchain, but will also affect the economy of a country.Some are scam, while some are not, you will likely discover there are more scam ICOs than the good ones, and among the good ones are the shit, which in a way makes it hard to find one that can be very reliable.

Yeah there are lots of ICOs in market but i think ICOs can influence not only bitcoin but ethereum as well.  I can say the most ICOs are erc20 based projects, as because they accept ether and bitcoins only, people will contnue funding ICOs and this will require them to buy ether and bitcoin  first.
This seems to me that as far as ICOs are live in market, the funding currencies like bitcoin and ethereum would have rising influence also

When we join and support in an ICO we will get coins. The coin creat from blockchain and an ICO supported by bitcoin. So, ICO give significance influence BTC and blockchain technology  :)

I think its good for BTC that there is a lot of ICO

Many ICOs, if not not most of them, are scams and it's very hard to distinguish good ones from bad ones, especially for those people for whom it's not the main business. Nevertheless, I think that ICO projects have positive influence on BTC and on crypto world in general. At least one good thing they do for sure, they bring more attention to crypto currencies from the side of regular people.

i think there is still a link betweet ICO and bitcoin
such as when some one invest their money in an ICO they should buy BTC or ETH first
so it means BTC or ETH demand will increase

if you said ICO will influence blockchain, most of ICO use blockchain technology, it will help promote it in interesting way
more people use blockchain, more people will know about positif thing about it, and maybe they will tell it to other people
i think blockchain is future technology
especially in financial thing, barter => gold => fiat money => blockchain (i hope)

it is hard to say really.
most of them look good with lots of ideas and promises. and there actually are so many that will look pretty awesome at first checking them and of course they are full of nice promises and they all seem to be set to change the world of cryptocurrency and blockchain technology.

but let me ask you one thing, how many of them do you know that have done any of the things they promised? i am talking about those that are now done with their fund-raising and have had a couple of months of work to give results.
my hopes are not high for ICO projects, sadly. it can be a nice thing but will it be? i am not so sure.

The issue right now is that the ICO world is a large one and you have said it; we have scams and good projects and really, it is even hard detecting the scams these days except if you can trust the team to do a good job. They already have a huge influence in the crypto space and while not all of them will last in the long run, a lot of them with some good projects and some daring team will end up doing well.
However, it is normal to expect the bubble to get bigger because what virtually 90% of users are seeing right now is profit and profit, not how the ICO is going to be making some pretty good impact in the long run and I would not blame them.

EDITED:
Projects with ready made products will definitely do well in the long run as long as they have a good team and they are able to push themselves enough. It is just like having various companies with different goals and objectives, but how they push and the ideas they bring to the table to solve problems, is what is making them to stay on top of their game right now. The ICO world is nothing different from this and it would take some real work for them to stay relevant at the end and in the midst of huge competitions, the team will have to work real hard.

It depends on the ICO. At least two of them, FILECOIN TEZOS, raised over $200 million and another three, BANCOR, EOS  and PARAGON, raised over $100 million. If all ICOs failed there would be no new ICOs ever. Unfortunately you right in general, most of them have failed, and it's not recommended to invest your money in an ICO just after reading their promises.

I absolutely agree with you. Hard work is a very important thing when you launch ICO. Its day and night work

Well, they are right maybe thousand of emerging ICO's projects are based on bitcoin and connected with blockchain. And almost of them are using ethereum fo their tokens, over all ICO's project are not going to success some of them like bubble they did not finished their project but their are some who will successful to hit their raising fund.
But we could not blame them why some are disappeared because mostly people participated in ICO's project are only aiming for their tokens free not to invest.

These projects will have a big influence for the blockchain specifically for ethereum smart contract platforms as the majority of ICO's are basing their tokens through ETH blockchain so this coin will gain a huge benefit from all ICO's not bitcoin, but some uses other platforms like NEM blockchains which they are calling their tokens mosaic and waves platform which supports token creation, big players and legit ICO's will surely bring a huge gain for eth while some scam coins will have a negative impacts for ETH and some cryptocurrencies.

And that is one thing that can be very concerning. Some ICO will give you the promise of products and then at the end of the day just very few of them ends up achieving that. Honestly, the point is that, some team were never really serious and they were just after some quick bucks which has made the ICO space to become a real joke at the end.

It is certain that only project with sound products will last, no two ways about it. Bubble is something that would continue right now with the existence of so many whacked coins with instead of the team trying to build a product, they keep pumping for relevance and the users keep being FOMOs.

ICO projects usually raise funds in both bitcoins and ethereum.So,higher the project raises fund,greater is the demand for bitcoins and ethereum.Even ethereum is mainly bought with bitcoins.By this way,the demand for bitcoins would lead to increase in its price.Also,the regular demand would not allow bitcoin price to get crash suddenly.

But nowadays,most of scam projects have made ICOs to be banned in most countries especially china and south korea.

True, that is why I dont believe in BTC crush

The goals and team are the two major things that set every ICO apart and that is what is really going to help them to keep moving even in the phase of every challenge in the long run. The crypto space is not an easy one as there are so many projects to even deal with at once out there and we cannot say if at the end we are just going to keep seeing the bubbles.

It is a new world, but over time, the real value of all the cryptos will surface and by then that is what would make the relevant ones to survive.

Nowadays,ICOs are found to be the best way for raising huge funds for working out big projects.For this reason,even institutional companies have started launching ICOs.But at the same time,since such ICOs are totally new,most scammers have started to launch ICOs and run away with the raised funds mostly bitcoins and some times ethereum.ICOs have increased demand for bitcoins considerably.We earlier saw when china banned ICOs,immediately bitcoin price faced a fall.So,ICOs are a big boost to the bitcoin market and blockchain world.

ICOs are projects that raises funds or incomes in btc. It means that, if many users join campaigns it will cause the greater demand for btc. Through this, we can convert btc to eth then convert to money. The value of btc will increase due to the high demand of the users. If that's the case, the btc will continue to grow as time goes by and as long as the many users continue to support it.

ICOs have had some pretty big influence in the whole crypto ecosystem without doubts.
However, I would not say they have had much influence on BTC but BTC has rather ended up having much influence on them.

In the long run, a lot of these ICOs are going to get into the real space and get going well while it is definite not all of them would last. I believe some projects will bring a lot of usefulness into the crypto world at the end, but it would take some work to get there.

The impact you get from that in the long run is not much and honestly, it does not have much effect as real investors do not bother anyway as they hold for long. We cannot rule out the fact that what most investors think of these days is basically profit and which is why it would take some real push for ICOs with ready-made product to get the attention of real investors. Once they can push their product out and it becomes highly useful, that enough will drive the market to the moon.

And time. We need to wait some time

With what I'm experiencing today I can just say that bitcoin gets affected in bad way when such ICO's come into effect. Doesn't matter whether they are scam or legit because the investment is investment, once it is gone into that project then it goes out of the bitcoin market. Many of the users like me are investing into new projects of ICO from the earnings that are made from the BTC. This way the effect is on mass scale when it happens with thousands of users. There are not only one, two or 10 projects but 100's of them are out there and this increases the investment by many folds. Thus it eats market of the BTC and then it drops it badly. Just take the example of todays charts. All the alts are growing crazy and this has left the bitcoin into ambiguous situation of investment. So its mostly the negative effect on the bitcoin.

I believe that the more good ICOs emerge, the more people are attracted. Consequently, blockchain will develop continuously. Moreover, as BTC is still the most influencial cryptocurrency its price will raise. But there are many scammers which slow down the development of the industry.
Btw, what is the company you work for? Any links, information?

In the end we will see the best blockchane which will be multifunctional and awalible for many tasks in real live

ico projects will bring billions of dollars to cryptocurrency market which is good sign for entire market blockchain is been used in many companies all over the world for better of technology future

The ICO projects will influence the BTC and blockchain because the ICO has the budget for bounty campaign in the launching of certain ICO  project , the blockchain and the BTC will depend  on the management team or the admin of the project , even the bounty manager will depend upon the ICO announcement so the ICO had great influence in the coin market.

Most icos are nothing but a copy of bitcoin we could say that they are inspired heavily by it, but I do not see the icos influencing bitcoin especially since many of those coins are nothing but an attempt of the developers to get money out of naïve investors, but even the little amount of serious coins that come out of it are not powerful or innovative enough to influence bitcoin at all.

Many ICO projects are really very useful for people. Their tokens will benefit people in certain sectors of the economy and in general our multifaceted life. The market constantly rejects unpromising of them and leaves only demanded.
The new tokens, in my opinion, have a positive overall impact on the crypto currency and blockchein technology in general, because through the knowledge of tokens people can learn more about the crypto currency.