We've hit the bottom last month, according to some analysts

https://www.ccn.com/analyst-ethereum-sell-off-in-august-shows-crypto-has-hit-a-bottom-in-2018/

Do you agree that what really propelled bitcoin's run are the massive ERCO 20 based ICOs last year? This means that Bitcoin's rise has been indirectly fueled by ETH?

Great discussion! Thank you everyone for sharing what you think.

Here are a couple of take aways based on your opinions:

1. Price psychology plays a big factor whether or not investors participate in an ICO. Since the price of ETH is close to the year's low, some (not all) investors prefer to wait on the sidelines and this affects all projects IN GENERAL. As a result, some projects extend the ICO period to reach required caps and others move their ICO at a later date.

2. The price of ETH should not matter as long as the project is of great quality although there maybe a possibility that ICO period maybe extended due to the overall market sentiment (psychology as mentioned above). Unlike last year, great projects get sold out even before the ICO period ends.



Other points of discussion:
Based on trends for the past years, do you think ETH will gain even at least half of what it lost before the year ends? When do you think is the best time for high-quality projects to do their ICO period?

It is the only information that you have about a project. If you are planning to invest, it is of utmost importace to understand what you are trying to get into.

Good point. That's certainly another way to look at it.

and yes, it is noticeable that ICOs are kind of deteriorating in terms of quality. I hope it doesn't mean that we're running out ideas and legit use cases

Looks like the King has bottomed out. If it remains stable or as long as it doesn't go below 6K then we've eliminated one reason for the alts to get panicky. I still don't expect a strong rally at the end of the year though but I hope I'm wrong.

Promotion indeed plays a big role to the overall success of an ICO. So, in your case, if you come across a great project and you have the funds to invest, you wouldn't consider putting off your investment even if ETH appears to fall below 200USD again?

Since ETH's price is still trading near this year's low, do you think ICOs, specifically ERC based, will be greatly affected? Or do you think price won't matter as long as the project is with great quality?

There is no point of keeping unsold tokens unless the company has plans of putting them in the market. Good ICO's burn them to make sure it won't find it's way into circulation.

Most ICO's have a third party KYC solutions provider so it's normal for processing times to vary. There are top KYC providers that has AI integrated in their platform so the process is really quick.

Not in the near term. It will be a loong and difficult path to mass adoption but we'll get there.

So what did you end up buying? Why not bitcoin?

With that amount I will buy 1 coin only and will choose within the top 10 only (market cap). Stay out of short term trading in the mean time.

At this point aren't Bitcoin and Alts supposed to be inversely correlated?

I mean you sell Bitcoin to buy Alts and vice versa. Unless people use Fiat for most of Bitcoins and Alts purchases then they can go up together.

errr I think I just lost all logic and not thinking straight.

Has anyone here tried investing in crypto index funds such as Crypto20 or/and Houbi10?

Please share your experience. How is your investment so far?

Most bounty program goes hand in hand with the ICO or crowdsale. If the ICO needs to be extended (probably to sell out all tokens) then the bounty program USUALLY gets extended as well. If you come to think of it, extending the bounty program will be beneficial to bounty hunters since the token allocation for bounty programs depends on the total tokens sold. In short, the tokens got all sold out, then the bounty program will get the max tokens allocated for it benefiting all the hunters.

In addition, bounty contests are manually audited at the end to weed out cheaters (and again, this benefits honest bounty hunters) and that takes A LOT OF TIME!

So yeah, not all that extends the bounty program already a scam. Like the cliche goes, patience is a virtue.

happy hunting!

Yes it is indeed an opportunity. For sure some are already filling up their bags at current prices. I would still be cautious though as a small investor but I will not miss this opportunity. It's best to buy in tranches so if it suddenly shoots up, then you'll be happy since you were able to buy. If it goes further south, then you'll still have more bullets to buy the dips.

500 is probably his buy signal. A validation that there's some sort of established support and is ready to climb up again.

Well for the sake of ETH holders, I do hope this guy is right

https://www.c[Suspicious link removed]m/2018/09/27/beaten-down-cryptocurrency-ether-is-staging-a-comeback-fundstrats-tom-lee-says.html?__source=sharebar%7Cfacebook&par=sharebar


edit: Just look for the article on CNBC since I'm too noob to be able to post a link.

There is still a way to make money in the bear market. Have a look at those bitmex guys killing it but it's not really for beginners. If you're all cash at the moment then you could pause instead of getting into any position.

Yes. There are still ICOs out there with great potential. Diligence is a must. DYOR always so won't get the scammed.

I appreciate you trying to warn people about scam projects but due diligence must be made before making any conclusions.

Have you checked the WP?
have you tried contacting the founders?

It's good that you pointed out that none of the listed founders doesn't seem to mention anything about Trakx in their profile. There is usually a reason for that especially in Linkedin. Think again.