Does Bitcoin price affect ICOs

[disconnectme]

I can tell you categorically that Bitcoin price control every price action and ICO success in the space, it is BTC that money first flows into, then Altcoins and when it wan to leave the space it is BTC that the money flows through. I can't say this is very bad because there is plus and minus to this.

[Al-e_x]

I think all of that is true that ICO tokens follow bitcoin fluctuations in fact not only ICO tokens but other tokens and coins, but the ones most affected are ICO tokens, that in my opinion.

[fianaindriati]

I have been wondering how directly and indirectly fluctuations in the price of bitcoin affects ICOs performance at that time. Anyone who knows this can assist in the explanation.

yes indeed the cycle of bitcoin price fluctuations does indirectly affect the ongoing development of the ICO. because like what is happening at the moment ico is of course followed by investors and every investor certainly sees the market condition going up or down. but if the market condition continues to decline, investors will certainly retreat in investing in the ICO. the problem is they invest funds and of course want to make a profit.

[Koobtcgal]

when bitcoin price is going down, everyone doesn't want to involved in investing in any form of crypto so anyone performing tokensale(ICO) will be definitely affected by this.
All that people do is to invest in stable coins and come in again when the market begins be to bullish.

[mersal]

Definitely it will affect the price of the ICO's because when people interested in something it will be the most important currency for them to invest the remaining other investment are always at this situation so definitely be kind will affect other investment development.