Bitcoin Forum

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?

It's also their fault and negligence because they are thinking that ICOs are the crop of the crypto market. Impossible if they didn't know that ICOs are the riskiest investment right now.

Bitcoin isn't losing confidence, this is still a bear market that we're going through.

We don't have to blame these ICOs for the bitcoin's correction but it's giving a lot of pain to the investors that are being scammed which should be blamed for fooling and deceiving rightful investors.

That's right. We can't blame ICOs for fall in Bitcoin price. it is a downtrend/bearish market plus there are some manipulations caused by whales which is why price is falling but it will recover without any doubt. On other hand, people should do some research before jumping into the ICOs to avoid being scammed.

Yes, I do agree that new rising icos which mostly are just scams can affect bitcoin negatively. People can easily generalize that all cryptocurrencies are just scams as they lost the trust and faith on it. Knowledge on the field and knowing the other side of the story is important.

ICOs do not affect the cost of Bitcoin, because they do not have direct connections. The cost affects the line and the offer:
- a lot BTC on sale - cheaper
- little BTC - more expensive.
Simple economy, but who is managing this is already a question.

I truly hate ICOs. There definitely is an ICO bubble and I think it's in the process of collapsing. ICO's have made the crypto market seem like a joke honestly. You have these garbage coins, poorly written whitepapers, and badly photoshopped images of "team members". Then the SEC themselves poke fun at ICOs by creating their fake ICO. A lot of my friends that are anti-crypto use ICOs as one of their points. Gah, so annoying...

I am ready for ICOs to disappear into the wind like pets.com.

In a way yes, because more projects dispute the interest of investors, which in a way diminishes interest in Bitcoin. Despite the criticisms, there are interesting projects of ICO's, just take the time to study about it, and for useful tokens is the best way to finance.

I agree, We cannot change the fact that people are sometimes generalizing everything. Same with cryptocurrencies, even if there's only one crypto that is a scam, all of it are affected most specially bitcoin because it has a big name in the industry.

But ofcourse we should not blame anyone or anything for what's currently happening. This soon will pass.

Bitcoin has its own market and even the ICO market is depending to it. For these ICO fanatics, they should be firm with their investment techniques and don't be so gullible with the so great returns that are guaranteeing by these scams.

Many are saying that they hate ICOs but not all of them are joke, few of them are legit but if time will come that most of the scams will be exterminated and there will be a cleansing that's much better.

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.

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

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.

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.

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.

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.

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....

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.

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).

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...

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.

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.

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.

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.

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.

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.

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?

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.

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.

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.

these greedy person blame the ico for victimizing them but the truth is they are the one who enters investing in ico just with the idea of earning from this and not learning,what i mean is they are here to gain and dont know about the risk,they are only for quickbucks

I do not think that's what makes bitcoin prices go down but because there are two exchanges that successfully hacked by hackers, I think that's what makes the price of bitcoin down this time

 I think the only way how unsuccessful ico's can contribute into bitcoin price fall as that they harm people's trust in cryptocurrencies in general, so we need to be more aware of scam.

What is happening in many of ICOs, is not good for cryptocurrencies reputation. But this is not the the reason of bitcoin price fall. I am sure whales are manipulating the market. They increased the price to 20000. That was not healthy. And this dump is also unhealthy. But the reason is not ICOs.

Well you are right those scam ICOs are the reason why the bitcoin market is going down because most of those ICOs a scam and means of stealing money from the people, instead of investing in any token that does not have any good potential the best to do is to keep you found because you will end up losing at the end and this are the reason why many investors are scared of investing in bitcoin today.

8 out of 10 ico are scame? is it your own analysis or there is an authentic documents covering that. I don't think ICOs are the main cause of price of bitcoin fall.

I think a lot of the factors that make bitcoin go down may be one of them is bitcoin decreased confidence, so people are thinking about investing in cryptocurrency. So if we want to invest first make sure that our money will not be stolen by the program offered.

The fall of ICOs have nothing to do with bitcoin.

Yes, it is true that scams are affecting world's perception towards cryptocurrencies but that has nothing to do with the fall of Bitcoin. It is completely the result of fear of missing out from the new investors having no research and vision for their investments. There is a lack of awareness about the crypto industry and big whales and institutional investors take the benefit of this factor in order to earn high gains from this situation.

I believe that ico's does not do anything with the market price drop but fud is affecting the prices in the market because people prefer to sell their coins more than holding it due to panicking since the market prices are dumping right now.

altcoin dumps and bubble bursts can contribute to the bitcoin drop but not ICOs because ICOs are mostly receiving ETH and nothing else and when they scam, run away, or simply get dumped people dump them for ETH, some of them don't have any other way of exiting than ETH so if anything they are dumping ETH price not bitcoin's.

but altcoins as I said can cause a bitcoin drop in my experience. as they get dumped hard a lot of money exits the market and they usually run back to fiat and since majority of them don't have a fiat market or the traders are not on an exchange that has  a fiat market (don't confuse USDT with fiat) they have to go through bitcoin.

If that is the case then people are really dumb to think that, no one forces you to invest in icos, in fact in order to do so you need to take several steps, you first need to buy bitcoin and then you need to find icos exist at all, the first time I invested in bitcoin I did not even knew something like icos existed, and then you need to find one to invest and send your money to the developer of the ico, as you can see you need to take several steps before investing in an ico and in every single one of them you can choose to not do it and avoid losing your money that way.

Nope, i think ICOs are not the reason why the price of bitcoin crashed. ICOs have nothing to do with bitcoin, there are many good ICOs scam on the old days with many ETHs scammed but the price is still stable but all is different if an exchange become a scam or hacked, the bitcoin price will fall for sure, following with other alt price too.

I agree, and it is so ironical that bitcoin's sky-rocketing increase was the reason that all these ICOs emerged in the first place and now they have become the reason for bitcoin's price fall. ICOs are sprouting up like weeds, and so many of them are scams. Only a few of them have the capacity to sustain the market, and their emergence is in part due to investor ignorance and greed.

This trend needs to stop soon if we want to see a true bull run.

I doubt it, people did really lost a lot of money to shady scam coins that started out their "funding" through ICO's however comparatively speaking people still have billions of dollars invested in the big coins (aka the top 25 coins) so even if there was a lot of money involved and invested during the ICO craze of gold rush, it was still not as much as the rest of the market to be honest and you can clearly see that market is the one that is down initially which causes all of this.

Yes, losing a lot of money on ICO did cost people to get out but mainly it was the so sudden spike at price that was unsustainable that caused all of this bear market.

While icos are a problem, the biggest problem is the mentality of those that enter in this market thinking they will make millions of dollars in just a few weeks by investing in icos, if they did not had that mentality then it will be impossible for icos to be as successful and there will not be so many of them, however I think that in the next years we are going to see a new kind of investor the kind that will only invest in the best coins and that is not going to waste his time investing in icos, after all the profits that you can get out of bitcoin are still enormous compared to what you can get in the stock market and this process will probably accelerate if the economy of the world begins to show signals of weakness.

The situation with the drop in the price and popularity of bitcoin has practically nothing to do with the fraudulent ICO projects. The main reason that bitcoin fell in popularity is that it was deliberately pumped up by December to increase its value, after which it fell sharply in the price of correction and many investors suffered losses. For seven months, bitcoin is only one-third of the cost of its December price. The myth of the constant increase in the price of bitcoin and the constant profit from its retention has collapsed. So what's with the ICO projects?

In my opinion,  bitcoin falling/rising doesn't have anything to do with people being scam on icos. Bitcoin falling is mostly due to whales manipulation, fear from newbies, government threat and so on. So people who got scam on icos should do their research well before investing or they should choose to invest on established top coin that has a very low rate of exit scam.

The market only depends on the demand and supply so from my point of view investors are switching from altcoin to Bitcoin because they can no longer get a good profit from those scams ICO everywhere. So if investors will going to switch from altcoin to Bitcoin you'll know what will going to happen to the market of Bitcoin compared to most altcoins.

ICO's have big effect to the bitcoin price maybe they are cause of falling because of the scam ICO but it is helpful to increase the price of the bitcoin. Because if their project are base to bitcoin the investor buy bitcoin and they invested to their project.