Any Impact of rising bitcoin on ICO investments?

[CodyAlfaridzi]

When bitcoin rises do people invest more on ICOs? or they just HODL and invest less?

Most people will more likely to hold, especially when both BTC and ETH are making new all-time high at the same time. BTC and ETH are the two main payment for ICO. Why? Because for people who already hold BTC or ETH, their current asset (BTC or ETH, in this case) is already rising a lot. People will most likely hold for a higher price or sell to fiat after the price hit a certain target. For people who hold fiat and want to invest in ICO, they will feel reluctant to buy BTC or ETH at its all-time high. They possess a higher potential losses when buying BTC or ETH at their ATH, if the price later fell they could buy more BTC/ETH with the same amount of fiat and thus gaining more shares in the ICO.

[webtricks]

When bitcoin rises do people invest more on ICOs? or they just HODL and invest less?

It can have both positive as well as negative impacts on ICO investments.
Many will consider Bitcoin rise as a source of additional funds and will try to dispose their profits somewhere, ICO is one of the best choice to gamble. Sportsbook and Bitcoin Gambling is older concept now.  
While some will simply tune to the concept of HODLING, when they can earn infinite profits in Bitcoin, why do they go elsewhere and gamble!

Even I was interested in this question and that's why I created poll on Twitter, you can check people's views:
https://twitter.com/Bitcoin_Bullet/status/937309509936021504

[sakokinak]

When bitcoin rises do people invest more on ICOs? or they just HODL and invest less?

Suppose that majority uses ETH to invest into ICOs. However, I suppose that when Bitcoin is rising, less people are eager to make any investments. They are waiting to get the profit from the price growth.