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Author Topic: what happens to bitcoin when the ico thing gets hammered?  (Read 1656 times)
freedomno1
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June 14, 2017, 03:20:11 PM
 #21

the icos are getting more outrageous by the day. people are handing over millions for one shitty webpage filled with empty promises with a crappy voiceover.

at some point someone somewhere is gonna get heavy in a legal sense and the party will be over.

what happens to bitcoin in these circumstances? do people come rolling back or leave crypto for good?

and i know what some people will say, they can't be regulated, well, they probably already are but no one running them has bothered to check.

Already happened it's why Altcoins still have a bad rap for old-timers, once we consider a coin to have utility it gets a higher rating. Either way pump and dump coins have been and will be created in the future people will still use crypto unless they went into a MLM ponzi coin or something that isn't really a cryptocurrency.

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June 16, 2017, 03:27:23 PM
 #22

It will steadily feed the sharks and they will keep coming ICO's or whatever it take and that is not a bad thing.  It keeps the money moving and money moving creates money, more so in Bitcoin than in FIAT.


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June 17, 2017, 09:24:55 PM
 #23

the icos are getting more outrageous by the day. people are handing over millions for one shitty webpage filled with empty promises with a crappy voiceover.

at some point someone somewhere is gonna get heavy in a legal sense and the party will be over.

what happens to bitcoin in these circumstances? do people come rolling back or leave crypto for good?

and i know what some people will say, they can't be regulated, well, they probably already are but no one running them has bothered to check.
I think when we get to that point the market cap of all the cryptos is going to decrease dramatically, we are in a bubble of speculation, most are investing in those projects because they think there is always going to be someone willing  to buy for an higher price when that no longer holds true the market is going to crash but we will be able to go back to a more healthy growth.



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June 17, 2017, 09:31:34 PM
 #24

I don't see how this is a problem for bitcoin. How many people do you think have lost money investing in a crowdfund start up. That doesn't affect the dollar does it? If something happens it's the problem of the 'newbie' investors they'll found out the hard way eventually. One ICO scandal and this will be over and we will have forgotten it within a year.


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June 17, 2017, 09:33:47 PM
 #25

I don't see how this is a problem for bitcoin. How many people do you think have lost money investing in a crowdfund start up. That doesn't affect the dollar does it? If something happens it's the problem of the 'newbie' investors they'll found out the hard way eventually. One ICO scandal and this will be over and we will have forgotten it within a year.

though ethereum trades in dollars, won, euros etc, much of the volume is still in bitcoin.

if it all collapses then it might also inspire a run on bitcoin.

i agree that bitcoin is immune in terms of damage to its rep, but not necessarily the price.

 

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June 18, 2017, 12:08:59 AM
 #26

the icos are getting more outrageous by the day. people are handing over millions for one shitty webpage filled with empty promises with a crappy voiceover.

at some point someone somewhere is gonna get heavy in a legal sense and the party will be over.

what happens to bitcoin in these circumstances? do people come rolling back or leave crypto for good?

and i know what some people will say, they can't be regulated, well, they probably already are but no one running them has bothered to check.

First of all i agree with you completely, because ICOs are indeed a problem right now. People are playing it as if they ar egambling because most of the projects are only there for the money. I guess pople like investing in it because instead of having to monitor IPOs on the actual stock market, they are able to have access to 10 projects that are launching everyday and the market cap is significantly lower.

If ICOs were banned then the logical alternative for people will be to invest in bitcoin, so long term wise it's going to be good for bitcoin as liquidity gets freed up from shitcoins that hires people on fiver to make the video/audio voiceover and actually gets into bitcoin, a legit investment.

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June 18, 2017, 04:06:04 AM
 #27

the icos are getting more outrageous by the day. people are handing over millions for one shitty webpage filled with empty promises with a crappy voiceover.

at some point someone somewhere is gonna get heavy in a legal sense and the party will be over.

what happens to bitcoin in these circumstances? do people come rolling back or leave crypto for good?

and i know what some people will say, they can't be regulated, well, they probably already are but no one running them has bothered to check.

I like the sound of regulated ICOs to be honest, but that would mean again the government is going to be controlling what goes on and off the market. Though having a regulated ICO economy is going to mean that good ICOs will get approved and bad ICOs will get weeded out, meaning a much healthier ecosystym for altcoins, and imo this will positively impact bitcoin as well.

The best thing that can happen though is that people can just stop investing in junk ICOs. Instead, focus on those who have a decent roadmap and a responsive team. That beats all regulation as crappy icos gets driven out of the market.



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June 18, 2017, 09:01:05 AM
 #28

the icos are getting more outrageous by the day. people are handing over millions for one shitty webpage filled with empty promises with a crappy voiceover.

at some point someone somewhere is gonna get heavy in a legal sense and the party will be over.

what happens to bitcoin in these circumstances? do people come rolling back or leave crypto for good?

and i know what some people will say, they can't be regulated, well, they probably already are but no one running them has bothered to check.

I'm pretty sure that there is already an open letter to the SEC from some guy on bitcointalk, right? I'm pretty sure that it is accessible on Twitter, and the contents of it basically say that ICOs are bad, you guys should regulate it, etc.

I think that ICOs are basically a game for people to play right now. Everyone knows that the tokens they are getting are probably not going to worth anything practically, nobody is going to use the dapps because nobody is going to develop any in the first place. It's pure speculation. But a lot of money is going to ICOs through bitcoin, which means that if ICOs were banned completely then bitcoin is probably going to suffer to some degree as well.


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June 18, 2017, 11:21:20 AM
 #29

Your question is confusing. Scam ICO's have been going on since the beginning of bitcoin and will inevitably get more common with bitcoin price rises. It is also not controlled by one person, but many people fraudulently taking peoples money - each should individually prosecuted and will if the evidence is there. I don't think they have any impact on bitcoin, even people who get burnt might eventually try to invest in cryptocurrencies again.

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June 18, 2017, 12:26:22 PM
 #30

Your question is confusing. Scam ICO's have been going on since the beginning of bitcoin and will inevitably get more common with bitcoin price rises. It is also not controlled by one person, but many people fraudulently taking peoples money - each should individually prosecuted and will if the evidence is there. I don't think they have any impact on bitcoin, even people who get burnt might eventually try to invest in cryptocurrencies again.

The first real big ICO was Ethereum itself! And since this platform has enabled the erc20 token stuff things are going crazy.
This is Ethereum's only use case right now. 99% Scams on top of a scam. There are already ICOs investing in other ICOs. I mean how much more ridiculous can it get? This is insane! When this thing pops nobody knows what's going to happen.
And for sure this could have an impact on Bitcoin as well, at least for a short term period of time.

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June 18, 2017, 01:02:55 PM
 #31

To be frank the price of bitcoin wont get affected even if the ICO thing gets a good hammering and i am expecting that to happen in due time ,but i am pretty much sure all the tokens and ETH will get affected without a doubt as the current rally of ETH is simply because there are more ICO's coming up on a daily basis which uses their platform ,so lets speculate what all tokens goes down rather than talking about bitcoin. Smiley














 

 

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June 18, 2017, 03:54:42 PM
 #32

To be frank the price of bitcoin wont get affected even if the ICO thing gets a good hammering and i am expecting that to happen in due time ,but i am pretty much sure all the tokens and ETH will get affected without a doubt as the current rally of ETH is simply because there are more ICO's coming up on a daily basis which uses their platform ,so lets speculate what all tokens goes down rather than talking about bitcoin. Smiley


ETH never get affected because of it. It always gonna remain altcoin at all the moment. If any ICO becomes a major coin in future like bitcoin. Definitely that will affect the bitcoin much in usage wise. If satoshi ready to own the copyrights for blockchain technology then it may get stopped.



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June 18, 2017, 05:41:57 PM
 #33

ICO is not that bad also as if it's successful then we can surely expect it to be listed on high trading exchanges like bittrex. Talking of scams there is a very less chance that a ico raising more than a million dollars scams people and of that does happen we can see a bit drop in price but market crashing like during the bitfinex had would surely not happen.


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June 20, 2017, 03:09:04 AM
 #34

I don't think much will change for Bitcoin if ICOs get hammered as suggested by the OP.

Bitcoin is pretty stable and has proven to be a very good store of value, some people compares it to gold for a good reason.

What will happen to the price of ETH if ICOs get hammered is what people should consider instead...

ETH price has been driven by all the latest ICOs accepting it as a contribution currency.

So if something happens I'll be watching ETH price rather than BTC price.

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June 20, 2017, 11:06:40 PM
 #35

ICO is not that bad also as if it's successful then we can surely expect it to be listed on high trading exchanges like bittrex. Talking of scams there is a very less chance that a ico raising more than a million dollars scams people and of that does happen we can see a bit drop in price but market crashing like during the bitfinex had would surely not happen.
It all depends upon what the vision and plans of the developers are,most of the ICO that are coming up just does not have that much of a great idea to accumulate this much of dollars through the ICO and yet they are able to collect millions within a short period of time,now the trend is every ICO is getting huge returns and there might be a time when the trend reverses,who knows,until then i do not mind investing in these ICOs.
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