ETH and ICOs - Do you think that the decline of ETH price will affect ICOs?

[Oniko]

Investors have collected a lot of ETH, and begin to sell it in large quantities. This leads to a drop in the price of Ethereum.

Now is a very difficult time, but another year will pass and people will start using cryptocurrencies in everyday life.

[kodtycoon]

Since ETH's price is still trading near this year's low, do you think ICOs, specifically ERC based, will be greatly affected? Or do you think price won't matter as long as the project is with great quality?

The decline in ETh prices will not affect the ICO, just the opposite. The ICO that really makes ether prices fall, because we know that ico will release tokens that use smart contracts from ether and most of the token holders will immediately sell them and make ether prices fall deeper due to panic from token holders.

[baconlike]

Investors have collected a lot of ETH, and begin to sell it in large quantities. This leads to a drop in the price of Ethereum.

Now is a very difficult time, but another year will pass and people will start using cryptocurrencies in everyday life.

Yes, certainly, ico projects are now using ETH as the main currency for buying and selling tokens and they use cash to fund the project, but there are too many projects selling ETH. So they sell at a low price which in turn leads to a drop in ETH prices.

[rockyfeller]

It depends on the project they are selling. Maybe there's a reason why some projects do maintain their ICO's alive. They really wanted to take it seriously. ICO's nowadays can't even reach soft cap. So I think in the long run if bull market will stabilize we will see different scenarios.

[Bittalk12]

I actually thinks the same way and that hitting on my mind lately. There could be a possibility that one of the main reason why ICO are now having hard time reaching their hardcap is because of the price declination of ETH since ICOs are ERC20 based tokens. Honestly, I also don't wanted to just invest 1 ethereum to an ICO because what comes on my mind is that ETH once reached above $1000 so I better hold it instead of investing to an ICO where their price keeps declining after getting listed to the market. I am pretty sure that most investors feels the same as I feel.

[EdenHazard]

Since ETH's price is still trading near this year's low, do you think ICOs, specifically ERC based, will be greatly affected? Or do you think price won't matter as long as the project is with great quality?

It won't give effect to the price or the success or failure of an ICO if the price of ETH decreases. And maybe if the project has the potential and many investors want to invest in it then many projects will be visited by many investors. They can buy a large amount of ETH and invest it in the project and of course spend quite a bit of money because the ETH prices are decreasing. However, I only dare to bet if the ETH price decreases then they will focus on investing in the ETH for short term investment, and forget about the ICO project.

[prtty2gal2]

Since ETH's price is still trading near this year's low, do you think ICOs, specifically ERC based, will be greatly affected? Or do you think price won't matter as long as the project is with great quality?

The decline in ETh prices will not affect the ICO, just the opposite. The ICO that really makes ether prices fall, because we know that ico will release tokens that use smart contracts from ether and most of the token holders will immediately sell them and make ether prices fall deeper due to panic from token holders.

It would not at all; we have seen a lot of ICOs these days that even allow the use of credit cards, fiat, or other cryptocurrencies when it comes to investing in a project. Usually, the whole market is down, so one way or the other, it is understandable that what has happened to the Ethereum market is just something that cut across every other altcoin market as well.

The decline in the market generally was just basically due to the fact that the whole market was oversold and the whales saw it as a chance to get out more weak hands from the market which usually is the greedy people that join FOMO.

[makishart]

Since ETH's price is still trading near this year's low, do you think ICOs, specifically ERC based, will be greatly affected? Or do you think price won't matter as long as the project is with great quality?

The decline in ETh prices will not affect the ICO, just the opposite. The ICO that really makes ether prices fall, because we know that ico will release tokens that use smart contracts from ether and most of the token holders will immediately sell them and make ether prices fall deeper due to panic from token holders.

It would not at all; we have seen a lot of ICOs these days that even allow the use of credit cards, fiat, or other cryptocurrencies when it comes to investing in a project. Usually, the whole market is down, so one way or the other, it is understandable that what has happened to the Ethereum market is just something that cut across every other altcoin market as well.

The decline in the market generally was just basically due to the fact that the whole market was oversold and the whales saw it as a chance to get out more weak hands from the market which usually is the greedy people that join FOMO.

The bankers have been giving a lot of awareness if use credit card to invest in the ico can be considered as an illegal action. These icos creators are scammer because they don't even care about their customers or investors. They are not doing any legal jurisdiction review to give more protection to their investors.

[satosibtc1000]

I do not think that the fall in the price of Ethereum can affect the ICO, on the contrary, it is more profitable to buy and invest.