every day new ICOS arise and 8 out of 10 ICOS are a scam, many people are losing their money and because of these scams they no longer invest in cryptocurrencies, and because of all this the bitcoin ends up losing confidence. So the ICOS is the quasante of the fall of bitcoin? What do you think?
I doubt it, people did really lost a lot of money to shady scam coins that started out their "funding" through ICO's however comparatively speaking people still have billions of dollars invested in the big coins (aka the top 25 coins) so even if there was a lot of money involved and invested during the ICO craze of gold rush, it was still not as much as the rest of the market to be honest and you can clearly see that market is the one that is down initially which causes all of this.
Yes, losing a lot of money on ICO did cost people to get out but mainly it was the so sudden spike at price that was unsustainable that caused all of this bear market.