ICO's killing crypto

[kelsey]

Recent news of the imminent closer of many Chinese exchanges is the direct result of them dealing in ICOs, I've been shocked for the longest time other countries have done so, allowing ICO's to fly under regulators radar, however its only just a matter of time.

[XbladeX]

Recent news of the imminent closer of many Chinese exchanges is the direct result of them dealing in ICOs, I've been shocked for the longest time other countries have done so, allowing ICO's to fly under regulators radar, however its only just a matter of time.

It was obious but don't worry  goverment would ban crypto becouse some bad actrors will start using it.
This common in life excuses like terrorism pedofilia you don't realy need ICO to do that.
ICO is way to move arround IPO regulations - but for me this is ok people have freedom to fail at investment too.
ICOs are making harder life for BTC but same time people are greedy and want more ICO more x10 x3 ; ) in week this is casino sometimes.

[The Sceptical Chymist]

Yeah, but none of that stuff is "killing crypto".  You've seen the scams perpetrated daily with not only ICOs, but crypto in general, and there's no way governments aren't going to start regulating that.  It's still the wild west, but it's being that less so day by day.

Also, crypto isn't being killed by anything.  The opposite is happening, in fact.  Just look at how wildly bullish bitcoin and the altcoin scene is.  Money is flooding the market, and gov't regulation isn't going to touch that unless they outlaw crypto--and that isn't likely to happen.

[Sheckley]

I don't agree. ICOs are CHANGING crypto, the way people think at business with crypto. The world of crypto is actually getting more and more complex like that, which is the opposite of death.

[skyline247]

On one hand, ICOs are taking precious market cap from what could be invested into Bitcoin.

On the other, they bring a whole new dimension to crypto that we have never seen before.

It is just such a shame they are almost always pump-and-dump scams.

[cenicsoft]

Without ICOs, there would be no Ethereum. Without Ethereum, the crypto market wouldn't have grown so fast. It's attracting a lot of capital right now.

[sunhany]

Recent news of the imminent closer of many Chinese exchanges is the direct result of them dealing in ICOs, I've been shocked for the longest time other countries have done so, allowing ICO's to fly under regulators radar, however its only just a matter of time.

I see ICO's like crowdfunding for games, in the begining people made games for fun, them business emerged and later because of all the burocracy of business people started asking for funding to make their own thing. The music industry also has a similar background, history is repeating itself, ICO's are the new crowdfunding platforms.

[nightmanisrightman]

Its a double edged sword really in this spot. We needed ICOs to get to where we are as there is no way there would be 1000+ coins in circulation. So it definitely help attract tons of

people and get them interested in cryptocurrencies. However, I do agree that they just muck up the space and cause more trouble than they are worth. Despite all of that, if you

read and choose correctly, ICOs have the ability to be quite a profitable en devour

[Spoetnik]

Yeah, but none of that stuff is "killing crypto".  You've seen the scams perpetrated daily with not only ICOs, but crypto in general, and there's no way governments aren't going to start regulating that.  It's still the wild west, but it's being that less so day by day.

Also, crypto isn't being killed by anything.  The opposite is happening, in fact.  Just look at how wildly bullish bitcoin and the altcoin scene is.  Money is flooding the market, and gov't regulation isn't going to touch that unless they outlaw crypto--and that isn't likely to happen.

That money is ponzi money.
They are here to profit period.
These are not crypto supporters.
Furthermore crypto has done nothing.
Bitcoin is barely used as intended.

Saying there is lots of pyramid scheme participants making profits does not mean the scheme coin in question is being used as intended.. Or that it is a legit scheme coin.
Let's get real.. If it's not used as a currency by non crypto nerds then it isn't one.
In other words adoption..

ETH was morphed into an ICO coin cloning platform.. Should we cheer for its success?

And we needed icos to get where we are?
Dumbest comment ever posted here. Congrats LOL

[simrac]

China ban ICOs because at china have so many company use ICOs  to make money  ,it is not helpful or useful for investors ,it is not real .
I think china  ban ICOs is good news  in china ,but they ban exchanges is not good ,we need More and more exchange where we can trade crytocurrenty, crytocurrenty was born to trade is main .
I believe A good ICO have roadmap ,company ,developer team behind .. Still have a success story .
No one or anything can kill crytocurrenty, i believe that .

[Fesatmas]

ICOs now being popular after several successful there is so many new ICOs appear and for me it's really killing old crypto coin like DOGE, LTC and DASH. I think ICO should be limited and managed properly.

[Ucy]

I guess the countries understood that ICOs can't be successful regulated so they just left it alone. If ICO was regulatable some countries would have regulated it long time ago but not a single one has.

[FarmerOak]

BAD icos are hurting crypto, but this too shall pass

[bbc.reporter]

Recent news of the imminent closer of many Chinese exchanges is the direct result of them dealing in ICOs, I've been shocked for the longest time other countries have done so, allowing ICO's to fly under regulators radar, however its only just a matter of time.

It is not all about the exchanges dealing with ICOs, it is about China's great fear on the threat and uncontrollable nature of the cryptospace.

BTCC which announced that they will close in 2 weeks does not have an ICO listed in their exchange. Why were they the first one to close down?

[Nutt]

Only bad ICO is hurt BTC.

BTC is too sensitive.

Just 1 great ICO will bring back BTC

[kelsey]

Without ICOs, there would be no Ethereum. Without Ethereum, the crypto market wouldn't have grown so fast. It's attracting a lot of capital right now.

and no ETH would be a bad thing 

as Spoetnik rightly put it "ETH was morphed into an ICO coin cloning platform"

Crypto doesn't need alot of capital right now, we shouldn't be judging the success of Bitcoin (or any crypto) on how high its priced in fiat, crypto success is about usability as a p2p currency and acceptance as a currency.

[FutureC0in]

I don't think ICO is killing the cypto currency. In fact, it starts from the new idea / innovation and people need funds to translate these into actual product that usable for public and since it may not has the fund to start hence we have this crowdfunding.

Well I do agree there are too many ICOs and some may have the intention is just to collect the monies.
Therefore, we a investor must do our part to analyze if the ICO is worth to put our hard earned monies.
And I feel, the some forms of regulation is needed to filter out those scam ICOs.

[Timeclo]

I hope that people actually read the whitepaper and do research before they invest into anything. But because cryptocurrency is still new, new investors are going to be driven by greed and profit. I think some regulation is good so that the scam ICO's don't dominate the lower end of the market.

[FutureC0in]

Nevertheless, in the crypto trading markets there are many whales that playing on the bad news, to instill our fear with the intention to collect good coin at the lowest price possible.
After the bad news is over there will be a turn to hype on the good news for the "distribution" to small player.

This is similar like in the stock trading markets, bigger fish will eat smaller fish.

[stopatnever]

On one hand, ICOs are taking precious market cap from what could be invested into Bitcoin.

On the other, they bring a whole new dimension to crypto that we have never seen before.

It is just such a shame they are almost always pump-and-dump scams.

I agree with your second comment.  ICO's are really helping provide exposure and creating new businesses that are leveraging blockchain technology.  It's a great thing for the overall industry.

However, I do think it's fine to have scams.  Anything worthwhile, will always have people trying to take advantage of the situation.  We can't prevent scammers just like we can't prevent stealing, robberies, etc.  

But it is OUR responsibility to not invest in the scams and warn the community so that the scams are minimized as much as possible and do not impact the community itself.