Bitcoin Forum

i just realized this very interesting relationship here which i wanted to share with everyone and know what you think.

everyone knows that ETH price has only been going up because of all the ICOs that have been using this platform. but we all doubted how effective it was.

right now that ICOs are under attack, their ads are being banned on biggest platforms like Facebook, Twitter, Google,... and they also are getting banned in many countries and right now they are illegal.
with all that ethereum price is also falling pretty hard.

so it seems like everyone was right all along, ETH price has been pumping only because of ICOs...
what do you think?

Not only that , i believe there is many reasons why eth pumped up, The reasons why so many ICOs accepted ETH as payment cause ETH is usefull and so many ICOs are using ETHEREUM network. So i think why ethereum pumped up cause Ethereum is usefull and people think there will so many people need it and using it.

I completely disagree with your point ethereum not only holds lots of ico . I think already created projects fair enough to increase ethereum price . Also each transaction of airdrop token will increase ethereum price . Decentralised exchanges , games like crypto kitties there is lots of use cases of ethereum.

Yes, I also believe that the decline of ETH price is related to the dumping by the ICO team. As the current ICO market is cooled, there will be a large number of teams selling ETH cash.

There is an underlined co-relation between the two, there is no doubt about it. Ethereum is largely dependent on ICOs, with most being conducted through Ether. This sudden Stringency on ICOs could be the reason for Ether to dry up in a hurry. Also, People who bought Ether mainly for upcoming ICOs might be selling them off all at once.

ICOs aren't under attack, that wasn't the whole point behind those bans. They so happen to indirectly affect ICOs but the main intent was not that I assure you this. If there is any dump on Ethereum it will be temporary, as soon as it gets undervalued tons of people will buy it including me.

This is neither the first time nor the last that ICO got banned or regulated as more and more ICO scam happens. It's a good move for long term crypocurrency development.

you are right, honestly its eth price is strongly influenced by its own community and when they start to leave it, the accident will not be avoided. but we must know that not only is the ethereum falling, there are many other alt that can not rise up to this day.

At present, new rules for implementing ICO are already being introduced, such as step-by-step financing, transparency of costs, and so on. All these events will restore investor confidence and demand for ETH will increase.

But I don't think the ETH will die, because of the ETH use a lot of, not just the ICO, the intelligence of the ETH contracts to build an ecological system, so I think the ICO regulation only short-term affect the price of the ETH.

Thats right all scamming ICO must be attacked and closed.
Then eth can go up

It might be temporarily painful to some people, but I tell you that it's better to be done now than later.

Imagine these things reaching the trillion dollar total market cap, and then people see that 99% of them are nothing else but empty promises. It would be terrible for crypto, and good projects would be affected too.

very reasonable in any of these declines, as not only the ethereum is down. but almost all crypto falls.
I think you can not see from one side, in every market decline and growth is a common problem. what's more now there has been some prohibition from the state and social media. I am not as anxious as you are.
because after all. countries do not provide a better place than crypto engagement. and one thing you should know. today, the Internet age and digital technology. crypto is one part in it

some things are inevitable, when a coin is tightly connected with something else and that something else changes it will be affected greatly. in this case ETH has always been tightly connected to ICOs. in fact the only usage for Ethereum platform has been (according to the paper, developer,...) creation of smart contracts nothing else. so if smart contracts (which are the ICOs) were to become obsolete, ETH will also become obsolete.

and this is partly what has been happening this year. ICOs were getting banned, a lot of them were also cashing out their free money and causing the crash which will continue some more.

since every altcoin dropped i am going to say the main reason for ETH dump like any other altcoin dump was because they were in a big bubble because of their pumps last year so it had to be popped.
but i am not disagreeing with the fact that ETH pump was mainly the product of its ICOs and the fact that people have to buy ether to participate in these ICOs which creates some sort of demand for this coin.

This is just one reason for all those who are on the way in ETH also negative news from the east and correction all this together and pulling the price down, so expect what the team will do and how will raise the price.

Just the daily average FUD news. The actuall dump of ethereum has nothing to do with the advertising banning or the ICO bans. There are a lot of ICO's who do not accept participants from usa or china, long time ago. And the advertising from different social media plattforms do not belong to the price of ethereum. So please stop creating more fud. Its just a normal correction on the market, and the price of ethereum are at moment just in a dump, which will be over in some weeks. Its not the end of the world or the end of cryptocurrencies.

Not only that,ETH is the first crypto-currency to offer a platform for other developers to create Dapps using their API.This led to a revolution in the cryptocurrency market.What seemed  impossible to achieve became accessible through their developer friendly api.

I can't explain how happy I'm they are banned.I hope all the ICO's die eventually and there are only coins with anonymous teams which operate just like bitcoin,driven completely by the community.

I think that this is not so. Many companies that conduct ICO in order to develop a real and not fake project, try to adhere to the requirements of the legislations of the world's leading countries. The decline in the value of ETH is due to the general trend of the crypto currency prevailing in the market. Look at bitcoin and other crypto-currencies from the TOP-100.

Out of curiosity. What is the actual need of all this coins? Do we really need that many?
Wouldn't it be best to just use ETH instead of all those shitcoins?
I mean you need to convert ETH to shitcoin, transfer shitcoin to other people who will eventually convert it back to ETH.
Hence sending ETH directly would save a step, i.e. low tx fees.

Feel free to disagree.

I think Ethereum is a very interesting and promising project and it worth more, but we shouldn't forget about the competitors.

ETH main use should be as gas for the platform, even if now is mainly used for ICOs to raise capital.

When Ethereum platform will scale properly and many successful Dapps will be built on it, we'll see the real usage and value of ETH (with the corresponding 5/10K $ valuation)

there are millions of people out there with basic programming knowledge and the need for a lot of money. that is why we see lots of altcoins and lots of tokens of these ICOs. they just keep creating useless thing after useless thing to make more and more money and as people invest in ICOs, new people will see this potential of earning "free and large amount of  money" and want to create their own ICO so the number of them grows exponentially.

but i do believe that they may grow in number like bacteria but also they will die like bacteria as their number grew too big!

Today, a lot of events that do not happen in favor of the existing structure of the ICO, and also not in favor of ethereum, are probably just events, you say, I think that this is a planned activity to reduce the number of holders of ethereum

ICO ban has a slight effect on the price of Ehtereum. The reason why it is down because bitcoin is also down and it is also a scenario with all the top altcoin in coinmarketcap. If you  believe this you will soon regret selling it once the market recover.

ICO based on ETH technology indeed were very promising that most of people has been tempting to being an investors but the main cause too many ICO banned is some of ICO are change being scam which makes a lot of people already lost their money but indeed these banned will have strong influence for upcoming ICO and no wonder if ETH price are dropped following another altcoins too

Unfortunately, given the skills of social engineering, which are constantly evolving, to distinguish the real ICO from the scammers is very difficult. Google, FB, Twit went on the path of least resistance and banned them.

Bans in the main information sites will not affect the creation of new ICO and support the old. Just going to be a more or less stable development.         

Well due to ICO scams the government and other social media sites are issuing a total block for ICO Ads to lessen the scam rate in crypto. This affect ETH really hard since most of the ICO are in eth smart platform thus it is really hard for eth to be pumped.

No bro banning ads will not have significant effect on quality icos, secondly ethereum price is following a cycle after severe peak it is finding support so big correction is normal and also bear market is putting its effect on eth.

It is hard to say if that is the reason eth dumped so hard , every coin is down a lot at this moment in time. It shouldn't matter in the end , most ico's don't need the amount of money they are asking for. And a lot of good coins started around here with no ico and no marketing that have grown out to decent coins.

It is not so, but even if it were so, what's wrong with that? ETH is top1 coin for ICO.
ICO is not the only application of ETH smart contracts.

Not sure of that,ethereum is the most commonly used cryptocurrency today, because it has almost 40% of the transaction if we are talking to daily transactions of cryptocurrencies,bigger than the bitcoin + all altcoins combined transactions in a day that is why these dumping is definitely has some reason maybe ethereum isnt that too great platform that is why investors didnt put their money back to ethereum?

Maybe ethereum can go back a lot lower, if enough people feel think so we will get that lower price.

Might be the reason of this is the upcoming bitcoin's lightning network investors didnt put their money back to ethereum because they know that bitcoin's going to release the lightning network that is why they are playing safe for now lets just hope that ethereum's price will going to have another ATH so that these ICOs will be worth to invest again.

I do not think that there is any relationship here. All coins fall, even those that are not associated with ICO at all. And ETH is not a leader in the fall, I think your idea has nothing to do with real processes.

Maybe the investors realizes that ethereum wont get any chance to beat the bitcoin because it is constantly getting dumped everytime these bloodbaths happened,that is why they are sticking more to bitcoin's market because there are some rumors that the lightning network is coming and it could be the reason why most of the altcoins are going to fail in the future.

ICOs arent the reason why the ethereum's price pumps,its morelikely its stability in the market and these ICOs doesnt have any connection with ethereum's value.Morelikely those big players holding ethereum from the past didnt put their money back to ethereum's because the lightning network of bitcoin is coming and these big players only wants to play safe when it happens.

maybe like that, I think all investors play safe because a lot of surprising things that do not want to happen just starting from the decline in the price of coins and the number of scam ico ending not to mention a lot of coins that until now still far from the price is reasonable if investors are more careful, including on bitcoin

The mindset of the big investors are unpredictable too,and they are trading with a lot of fundamentals,and i see that the upcoming lightning update in bitcoin's core will be the reason why they didnt put their money to ethereum when the market has recovered because they knew that ethereum might be dumped as soon as the LN is implemented.

I also believed that LN announcement could be the reason why most of the big investors didnt put their money back into ethereum's market because it will be too risky if bitcoin's Lightning Network will be implemented and their money is still in the altcoins,they wouldnt want to lose a lot of money with the bloodbath that will happen.

Maybe you're misunderstanding something in here. Not all ICO banned, only scam ICO projects banned. For example maybe you still remember about month ago, Facebook banned all ads related to ICO and cryptocurrency but the fact that they only removed ads of scam cryptocurrency and scam ICO project. For now, you still can see a lot of ads related to legit cryptocurrency and legit ICO project on Google, Facebook, Twitter,......everywhere.

The situation with Ethereum projects is certainly not happy at the moment, but of course a lot depends on BTC, because it is to him that absolutely the entire crypto-currency world is tied, I hope that in the near future we will see the growth of the Crypto-currency.

That is not the main reason why ethereum is getting dumped,its because Bitcoin's lightning network is coming this april that is why most of the investors are putting their money to bitcoin instead of ethereum,that is why ethereum's market is still not recovering from the last bloodbath or maybe these people are into somethin that is why they have driven the price down.

This is most ridiculous theory I have ever heard. The whole market is down due to totally different reasons. IMO the market will recover and we will all forget about this.

No, I don't think Ethereum being used in ICOs was the only reason behind it's growth. Ethereum is a pretty good coin which is a good investment opportunity and a lot of people were investing in it.
As you may know, a lot of coins in the market are suffering from drops currently, so I think the same is happening with ethereum.

Its platform is the reason why ethereum has reached above $1k but the dumping doesnt mean that people doesnt want to invest to it anymore,fundamentals from other coins are too much while ethereum doesnt have any,that is why people are choosing other coins over ethereum today because ethereum is getting dumped by the whales switching back to bitcoin.

ICO's is the only reason for increasing eth price.Yep, most of the cases.But besides from that eth has a great project and market and its trusted by many.So ICO is not the only reason.
But yep one of the main reason.

ICO's should be going much more lower than it is because people that make money on those ICO's get rid of their coins. Ethereum should recover soon.

Eth doesnt pump because of these ICOs,its price also depends on how the market do or how the bitcoin's price will do its morelikely about its platform on how people used it,most of the investors today chooses bitcoin because of the upcoming lightning network ,any altcoins will surely dump if the announcement happened that is why these big investors are playing safe.

Not these restrictions did put ethereum' value into failure,but these investors who didnt put those billions of dollars to ethereum because they arent sure to its credibility, a lot of other coins has good fundamentals which ethereum doesnt have for a long time,its platform isnt enough to sustain its price because the community wants to get profits where they can have in ethereum that is why they switch back to bitcoin that might pump in the upcoming days.

I'm sure that this is a temporary phenomenon and soon everything will be like before. ICOs will become much reliable because of advertising restrictions. It is a good change and we should not be afraid of it. The price of ETH will recover soon.

ETH is really a very good altcoin and has the most practical applications in the cryptocurrency market so it is very understandable to buy ETH in the past. At present, the value of ETH decreases but this is the trend of the current market so you do not need to worry about the value of ETH.

Ethereum price is not growing because some ICO's are not fulfilling their commitments and not up to mark. Some ICO's closed without reaching their soft cap/hard cap and  it is not good for ethereum.

That’s true. This move is to ensure the safety of the investors and not to crack down the launching of ICO’s. This move will prove very helpful and effective in the long term as it will stop the money from escaping the crypto market due to scam and fraud ICO’s and help the crypto market to gain stability and recover in the long term.

People need to understand that the regulations are for the betterment of the traders and the investors and to protect them from scam and fraudulent activities and from losing their hard earned money.

Ethereum, though being useful, there are many other altcoins that are just like ETH and have far advanced technology. ETH is alive and growing in the market just because of its popularity and hype.

There are altcoins such as NEO, WAVES and ADA that operate smart contracts and have better technology and scalability than Ethereum, still the number of ICO’s launching are more of ETH platform. The reason is just the hype of ETH among people.

Like ? Can you name two coins which are used for making dapps apart from Lisk and Waves and are as widely used as ETH ? Their technology will be advanced but it's not just the tech,it's the easy of use and community adaptation what decides how far the project can go.

You're so wrong on that last paragraph.Waves have poor user documentation and it is so difficult for a newbie to start writing a smart contract using waves since there are barely any tutorials on it.

According to me, there are two factors due to which the price of ETH was pumping :
1 Launching of various ICO’s on its platform, which provided funding.
2 ETH being used as major trading pair for many altcoins on many decentralized crypto exchanges.
So, indeed the price and movement of ETH has been affected by the actions taken by government and social platforms on the launching and promotion of ICO’s.

Don't be afraid. The digital currency world is just like this. The disadvantages of ico have been known to everyone, so it will have improvements and new developments, and the congestion of the ether will also be resolved with the development of technology.

I believe so too. ICOs are just all hyped last year causing the price of Ethereum to elevate quickly. Right now, new regulations are being implemented which create threats on ICOs because some investors does not want/are afraid to comply with them. This decreases the chance of ICOs to end up successfully. The banning also afflicted Eth price.

Still, I am hoping that Eth will recover with Bitcoin's recovery. For me, they are the two best coin to invest.

The attack was indeed on ICO’s and I can assure you that. The purpose wasn’t to crack down ICO’s though, it was to regulate them and save people from getting ripped of their hard earned money due to some scam and fraud scheme ICO’s. These regulations will only affect the ICO’s that were being created for no other purpose then scam and the good ICO’s will surely stay. As far as I know, the ICO’s now will be made to register under government authorities before being launched in order to protect the money of the investors.

When the price of eth has been falling, the price of erc20 will be lower and lower. This is not a good thing for encryption.

ICOs are banned in many countries not because they has any impact on price of coins. Most of ICO projects are just an instrument to collect money and disappear. People and authorities doesn’t believe in ICO anymore.