Appie34 (OP)
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October 14, 2017, 12:09:31 PM |
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I was looking at ETH and as far as I understand, this coin is mainly successful because of the ICO's nowadays.
ICO's are booming and it looks like it never ends. But what if all ideas are gone and the amount of new coins which use/ need ETH are decreasing. Would this have much effect on the price?
Maybe someone can correct me if I am wrong?
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CodyAlfaridzi
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October 14, 2017, 02:02:33 PM |
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Correct. Currently, ICO is the main reason people buy Ethereum and keep the price flying. What happens when people are getting enough of ICO? ETH price would go significantly lower, I would say. Remember what happen to ETH price when China banning ICOs? Yeah, that's proving that ICO has much influence on ETH price. I think the same would happen when ICOs bubble is over unless there is a new trend hype involving ETH, just like what ICO is right now.
This is speculative and no one can give you a definite answer.
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AdolfinWolf
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October 14, 2017, 02:06:48 PM |
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Correct. Currently, ICO is the main reason people buy Ethereum and keep the price flying. What happens when people are getting enough of ICO? ETH price would go significantly lower, I would say. Remember what happen to ETH price when China banning ICOs? Yeah, that's proving that ICO has much influence on ETH price. I think the same would happen when ICOs bubble is over unless there is a new trend hype involving ETH, just like what ICO is right now.
This is speculative and no one can give you a definite answer.
For now ETH's only usecase is indeed hosting ICO's, but as the project further develops, they might add new things which keep them valuable. Better mining systems, better scalability, and even if all those ICO's are over, the projects are still hosted in ETH's environment ( ERC20 Tokens ). So unless all these projects die out, ETH is still going to have value, since it keeps these projects running. ( Their tokens, not the product necessarily). And if these projects succeed on their platform, the ETH "platform" will get more usecases, say for example golem succeeds into making this decentralized megacomputer, you'd still need eth -> golem to use it. I suspect that if ETH fails, alot more crypto's are going to fail. Surely it's market price / cap will go down and up, but i don't see them being replaced anytime soon yet. |
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Boseda
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October 14, 2017, 03:10:44 PM |
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It's true ETH is mainly used for ICOs nowadays, but that's not the only reason price is quite high. There are lots of people who believe in Ethreum platform and ETH is getting a quite good amount of investments for long term. Also, you assume ICOs will end quite soon. I don't think so, maybe in the future ERC-20 tokens will be less than now and all the stupid/useless project will tend to disappear. But ICOs and pre-sales will continue to be on the market.
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mk4
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October 14, 2017, 03:10:48 PM |
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ICO's are booming and it looks like it never ends. But what if all ideas are gone and the amount of new coins which use/ need ETH are decreasing. Would this have much effect on the price?
Currently ICOs are definitely the #1 reason on why ETH is being used, besides using it for trading. The thing is, as long as people are willing to offer up ETH to ICOs, then I don't think ICOs are going anywhere. They're making good money even without a working product. But yea, if ICOs were to stop, ETH will definitely go lower in price, unless there's some huge ETH update that makes it very useful or something along those lines. |
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949miner
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October 14, 2017, 08:26:46 PM |
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A lot of projects are only using ethereum to raise funds for their project, and this is because it is so easy to use and develop a new contract. And ethereum contracts seems more professional, that is why it is so used by the community to create new icos.
And probably more than 40% of the total marketcap of ETH is because of ico's, and all the money that ethereum based ico's are raising right now.
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elbez
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October 15, 2017, 03:37:46 AM |
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Today there are about 120 ICOs going funding. Most of them - scam. But there will be more and more.
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krauzzer02
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October 15, 2017, 06:59:11 AM |
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That's one of the reason why etheruem stays on the number two spot of the market and increase it's price for the same time but let us not forget that it is not the ICO alone that make's it alive and healthy, using a blockchain to replace internet third parties that keeps track of complex financial usage, Investors and ethereum Enthusiast make it also alive that have a %100 support to its great potential to the crypto market and blockchain technology.
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Gambit1306
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October 15, 2017, 08:18:26 AM |
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I expect more use cases from Ethereum after the Constantinople and Byzantium updates. Not a bad idea to hold Eth through those, don't expect a downward movement this year
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RoommateAgreement
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October 15, 2017, 09:03:07 AM |
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I was looking at ETH and as far as I understand, this coin is mainly successful because of the ICO's nowadays.
ICO's are booming and it looks like it never ends. But what if all ideas are gone and the amount of new coins which use/ need ETH are decreasing. Would this have much effect on the price?
Maybe someone can correct me if I am wrong?
well ethereum and many other similar ones are platforms for smart contract. and nowadays the market for these ICOs is pretty hot and they keep being created. the ideas will never end though. idea is something that never ends. there will always be a new thing to be created. and since the ICOs that currently come out are mostly jokes rather than real ideas, there will always still be room to improve. as for price 2 things will change in the future. first the huge number of useless ICOs will cease to be created and there will only be the good ones remaining. then there will be more competition. as i said ETH is not the only platform. bitcoin will soon have RSK which enables smart contracts for it. with that the market will be distributed among all these. result will be big price dumps in those coins that were rising only because of all these ICOs. |
Buying the dip...
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Raegorl
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October 15, 2017, 09:06:49 AM |
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Ethereum's project and roadmap is much wider and complex than just ICOs. This is just the start of something great, keep reading about it! Ethwaterloo is about to end in a few hours, i think we are gonna see some nice projects come up.
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ryanben
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October 15, 2017, 09:17:19 AM |
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ETH is created and maintained by the Smart Contract, which allows projects to easily create their coin, which means that every project will have to depend on ETH, in the future the price of ETH will grow more than it is now. I think next year the price of ETH will increase to $ 700-1000. ETH is a long-term project, so long-term investment in ETH is the right choice
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drwhobox
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October 15, 2017, 09:31:56 AM |
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I was looking at ETH and as far as I understand, this coin is mainly successful because of the ICO's nowadays.
ICO's are booming and it looks like it never ends. But what if all ideas are gone and the amount of new coins which use/ need ETH are decreasing. Would this have much effect on the price?
Maybe someone can correct me if I am wrong?
Indeed! Eth is successful because some ICO's use Etherium to host their project. The demand for eth just keeps getting higher and higher as more ICO's are om trend right now. |
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Pasutinmeur
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October 15, 2017, 09:44:59 AM |
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I was looking at ETH and as far as I understand, this coin is mainly successful because of the ICO's nowadays.
ICO's are booming and it looks like it never ends. But what if all ideas are gone and the amount of new coins which use/ need ETH are decreasing. Would this have much effect on the price?
Maybe someone can correct me if I am wrong?
Nope, about the icos that just like a bonus because a lot of people are feeling convenience to use the ethereum caused by the network is ease for use. But that will give any impact to the price. Ico's booming make people are buying ether more and more. |
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Mi5h0
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October 15, 2017, 10:47:15 AM |
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There is no doubt that ICOs will evolve and morph. We may even see companies built for helping setting up ICOs. Some new standards may appear. But I have no doubt that the ICOs are here is to stay. We will see an acceleration over time and one day it will become the standard to start a digital business.
Once this powerful new paradigm evolves a bit more, we may have finally created the global answer to Silicon Valley - only this time on the internet.
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sweerty1
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Presale Starting May 1st
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October 15, 2017, 11:05:57 AM |
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Ethereum isn't all about ICOs. Yes icos really helped ethereum to gain more transaction and even higher prices. But remember what made Ethereum create these icos. Smart contracts! So it will live above this legacy.
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BTCLovingDude
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BTC to the moon is inevitable...
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October 15, 2017, 11:09:41 AM |
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this is actually one of the biggest fears among ETH investors.
we all know that the ICOs played a key role in the current Ether price. and this makes the price very dangerous. which is why many believe Ethereum is still in a big bubble that needs to burst first.
and it is not just about "running out of ideas" issue. we have all seen that recently many different countries started banning ICOs and announcing them as "illegal". this can eventually put an end to Ethereum too.
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Blakscorpion
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October 15, 2017, 11:14:33 AM |
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If you really think that ETH success is only because of ICO, I think you should read a bit about this coin...
ETH fame is due to something called "smart contract" that has never been made before in a coin, allowing you to link a service/project to your coin, with rules.
This coin became famous for that. Then , there were a lot of ICO around that, and it increased the fame.
Don't mix all the things please...
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sheepXcat_sk
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October 15, 2017, 11:37:40 AM |
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I don't think that the world will run out of ICOs soon  |
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altercreed
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October 15, 2017, 11:55:39 AM |
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I was looking at ETH and as far as I understand, this coin is mainly successful because of the ICO's nowadays.
ICO's are booming and it looks like it never ends. But what if all ideas are gone and the amount of new coins which use/ need ETH are decreasing. Would this have much effect on the price?
Maybe someone can correct me if I am wrong?
Yes it's true and ICO's are one of the major reasons why ETH sits atop next to BITCOIN. Since only few ICO's are asking your bitcoin address rather than asking your ETH address whenever you join any campaigns from a bounty means a significant push to ETH's market value. |
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