darkangel11
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Defend Bitcoin and its PoW: bitcoincleanup.com
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August 01, 2018, 07:10:58 PM |
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It won't do it soon, but it depends what you're treating as soon. If you look at the predictions, even the bears are thinking that we'll moon in 2019. There are only 2 people who are in Bitcoin. Bulls think that it will go up this year and bears who think it will go up next year, there's nobody else (or at least there's so few of them that i'm not even counting them as a group, but we could call them 'bitcoin is dead trolls'), which should already tell you something.
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"Your bitcoin is secured in a way that is physically impossible for others to access, no matter for what reason, no matter how good the excuse, no matter a majority of miners, no matter what." -- Greg Maxwell
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beliomir
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August 01, 2018, 07:21:24 PM |
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I think that ICO does not affect the price of bitcoin, well, it seems to me nonsense
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SweetCryptoNews
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August 01, 2018, 07:22:07 PM |
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You are wrong. Bitcoin has always been and will be more in demand than any other crypto currency, so Bitcoin will grow. Even if someone wants to buy altcoin, you'll have to buy first bitcoins.
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Nilda
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Activity: 336
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August 01, 2018, 07:35:15 PM |
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Bitcoin hitting $20,000 before the end of the year is just history repeating itself. I don’t want to complicate things.  |
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ibininja
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Activity: 490
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August 01, 2018, 07:36:59 PM |
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I think much of what has been going on is impacted by whales. I mean it is really hard applying finance and stock knowledge here. It is very volatile and unpredictable and not forget the high manipulation. However I still believe the 20k is possible.
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cizatext
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August 01, 2018, 07:42:49 PM |
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You are very right on this the emergence of all the other altcoins and token has deeply affected the growth of bitcoin because the found that should have gone into bitcoin is being diverted into new icos or tokens which perform almost the service with bitcoin, we don't need too many tokens in that it will kill the original menssion of digital currency bitcoin is OK as the only cryptocurrency.
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max1616
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August 01, 2018, 07:47:16 PM |
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A very accurate detection..The size of the market at the end of 2017 has led to the formation of many new projects..However, many of these projects have failed..Many were also scam..The market will rise with the success rate of new ico's.
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AniviaBtc
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First 100% Liquid Stablecoin Backed by Gold
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August 01, 2018, 07:49:18 PM |
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On the contrary, there was panic last year but price eventually went up to such height and the same increase will repeat itself. I think we are rather going to have a bullish.
The price of bitcoin is cannot be predicted because bitcoin is volatile, volatility is normal, it means that its price is unpredictable to know if its going to increase or decrease. The price of bitcoin will maybe increase or decrease before the year ends, just like last year. Lets just hope that bitcoin will increase and reach its peak just like last year or even higher than that. This is just a Negative Speculation, no one can predict the market, what to become of Bitcoin in the future, every experts can only Speculate base on their own analysis, look at the Bitcoin status now? you maybe right on your own analysis about the effect of ICO vs. Bitcoin but should be supported by data analysis, With out other coin participating in the crypto market as posted now in crypto market, investors would be sluggish, no excitement, no competition in the market. Beside Market is Volatile. |
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stefy77
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August 01, 2018, 07:50:16 PM |
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Because it is a period of great depression in which the fundamental element is missing: the desire to buy bitcoins until the uptrend starts again. It's like a cat biting its own tail.
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Silenox
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August 01, 2018, 07:57:34 PM |
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I also think that ico's take a bit of Bitcoin's attention, more on quantity than on quality, there are very promising projects, but they end up sharing space with scam and smearing ico's reputation, but that's a no-go way. The price of Bitcoin has everything to increase in the coming months, the improvements of LN, the approaching of the next halving, not counting the possible approval of the ETF.
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adzino
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www.Crypto.Games: Multiple coins, multiple games
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August 01, 2018, 07:59:33 PM |
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Not sure how you are comparing and relating the growth of Bitcoin with ICO. What you said is wrong. ICO does not influence the price of bitcoin. Having more ICOs in the market does not mean that the price of bitcoin will start to increase since people will invest on ICO using bitcoin. In fact it might be the opposite. There are tons of ICOs which are just pure scam. All they do is raise money from investors and runaway. They start dumping the btc they scammed from the people which might cause the price of bitcoin to fall.
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ololajulo
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Chainjoes.com
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August 01, 2018, 08:06:14 PM |
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The large number of ICOs shouldnt affect bitcoin price like in the Ethereum because Ethereum takes the largest part contribution for ICOs than any other currency. The price of bitcoin recently rose with over $2000 in 2 week and you think it might not make additional $12000 in more than 18 weeks left of the year. Nothing still look impossible now though it looks unpredictable.
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itssawai
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Look ARROUND!
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August 01, 2018, 08:07:49 PM |
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Well I might not agree with you completely, BTC has a huge presence in the market right now which clearly shows that people wants to hold more BTC compared to other coins, ICOs don't just dump the funding they get for their project, a good ICO has prepared a nice roadmap and future development plan for itself and they would use that funding strategically for it's best use.
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Look ARROUND! |
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vnck25
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August 01, 2018, 08:10:16 PM |
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Yes, I agree with you. Most of these ICOs are useless projects that are trying to grab money from investors who are trying to become rich quickly! Though cryptcurrencies are based on decentralization but when it comes to ICOs there should be some centralized authority like the SEC to vet these projects. If this happens Bitcoin will have a bright future!
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tonyosa
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August 01, 2018, 08:12:34 PM |
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I do not really think the addition of new coins/ICOs to the market will significantly affect the price of bitcoin.If anything, bitcon dominance has increased significantly even with them coming to the market
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xcajun21
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August 01, 2018, 08:13:36 PM |
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On the contrary, there was panic last year but price eventually went up to such height and the same increase will repeat itself. I think we are rather going to have a bullish.
The price of bitcoin is cannot be predicted because bitcoin is volatile, volatility is normal, it means that its price is unpredictable to know if its going to increase or decrease. The price of bitcoin will maybe increase or decrease before the year ends, just like last year. Lets just hope that bitcoin will increase and reach its peak just like last year or even higher than that. History repeats itself - is that the key to understanding the future lies in a study of the past, or that the future is just a repetition of the past. This is one reason people may predict that bitcoin will reach back the ath. IMO, it is also possible the market would be flat for a while, because right now is a lot of action. After a storm usually silence settles. |
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djcounter (OP)
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August 01, 2018, 08:14:12 PM |
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About of 80% of ICOs are scam. The money that could have entered Bitcoin be wasted. It's true that you have to buy bitcoin or ethereum for participation in ICOs, but the money never came back in bitcoin or ethereum.
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tonyosa
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August 01, 2018, 08:14:24 PM |
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Yes, I agree with you. Most of these ICOs are useless projects that are trying to grab money from investors who are trying to become rich quickly! Though cryptcurrencies are based on decentralization but when it comes to ICOs there should be some centralized authority like the SEC to vet these projects. If this happens Bitcoin will have a bright future!
There are actually some positive aspects to having a lot of new crypto projects, they help increase awareness of cryptos in general and thus drive adoption. |
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macartem
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August 01, 2018, 08:16:15 PM |
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Bitcoin's growth began in early 2017 and then it touch 20000. Bitcoin's largest growth is due to the ability to trade with tether dollar. With this growth, a huge growth in ICOs appeared. Nowadays about 30 ICOs are added to the market. This huge volume of ICOs, has taken the power of bitcoin growth. Like weeds next to a tree. Bitcoin will not grow until ICOs exists.
Many countries prohibit bitcoin after its ration to 20,000 dollars, and that price so fell. If the whales invent something, the price will again fly to the moon |
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tonyosa
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August 01, 2018, 08:17:10 PM |
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About of 80% of ICOs are scam. The money that could have entered Bitcoin be wasted. It's true that you have to buy bitcoin or ethereum for participation in ICOs, but the money never came back in bitcoin or ethereum.
When people trade their bag of altcoins, it is usually in return for bitcoin or ethereum, so the cash still cycles back to bitcoins or eth even for scam projects.The important thing is to have those cash as fresh cas from outside the crypto market |
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