Crypto ICO's are killing Bitcoin.

[kissme09]

ICO can not kill Bitcoin, and it is making Bitcoin more and more developed. Almost all ICOs accept Bitcoin as a currency to buy Token when ICOs begin receiving investors' investments. This has a substantial impact on the Bitcoin buying power of the market.

[Barbut]

In current position it is only killing ETH and other altcoins as now most of the ICO are accepting mainly ETH as they are ETH based platform program. So it is not effecting Bitcoin ya but the movement of Bitcoin is slowed down.

Its going like this, bounty hunter sells tokens for ethereum, than hunter sell ethereum for bitcoins, some of them sell bitcoin for fiat. When we have massive sell off price suffer, project suffers too. I don`t think that icos are killing bitcoin, people do that with their trades, and they start from the smallest one and thats ico, than they damage other stronger coins, and they do that cause of the fast profit, nothing more, luckily not all the people here are bounty hunters, some of us hold tokens from icos.

[whiteblue]

I think ico is circulating this will not be able to kill bitcoin, ico is only as a bridge and also as one of the solutions to economic problems and maybe also this ico for technology financing that wants to be developed by a group that has a very useful concept project big, so this ico can actually make bitcoin more expensive because more people will know crytptocurrency.

[gamoprotocol]

WHAT IS A DAO?

DAO – short for Decentralized Autonomous Organization is a business or organization which decisions are made by a pre-programmed code or the voting outcome of its members.

How It Works
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To make it simple, picture DAO as a restaurant, and the contributors or investors as the managers of the restaurant. But, this restaurant can hire its own staff, re-order food supply, pay it’s monthly rent and run the business on its own because the managers had already gave it a set of rules to follow. If they want to add a new item to the menu, the managers will go through a democratic voting process to decide the outcome.

This is a rough description on how a DAO works.

What Are Some Key Components of DAOs?
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By their very nature, DAOs are autonomous. This means that once a DAO gets deployed, outside forces cannot interrupt it. They also are transparent thanks to their open-source nature. In this way, there is no requirement for a trusted third party. DAOs typically have tokens of transactions, which are the organization’s method of rewarding specific activities. Since DAOs don’t have hierarchical structures, the funding occurs at creation and is distributed fairly.

The consensus is another crucial aspect of DAOs, requiring that the majority of stakeholders agree on a decision before moving or withdrawing funds. Even bugs cannot be taken care of until the majority of stakeholders agree to do so. As such, voting is an important part of DAOs. Voting allows for a consensus to be reached on decisions such as whether to approve a proposal, what contractor to appoint, and funding choices.

Why GAMO Protocol is the only platform that is able to execute this perfectly
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GAMO Protocol introduces a new blockchain and architecture of trust designed to specifically facilitate creation of Decentralized Autonomous Initial Coin Offering (DAICO) by creating an environment which DAICO’s can be built on.
A platform in which anyone is able to create their own DAICOs safely, without having to deal with its challenges

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[iram3130]

Be realistic, the usability of crypto to run a project is not that easy yet. The teams have to convert at least some of the investments to fiat in order to run the company. If everyone starts using crypto for selling their services then you could have used the crypto.

[Ava Duvall]

I will say that maybe the ICO organizers are doing more harm than good to the crypto market. As some of them just sell off and dump their proceeds to exchange for fiat thereby keeping investors at the receiving end. At the end of the day, majority of people dumps at loss to move on. These are one of the effects on crypto market.

In a way yes, it one of the biggest flaws, selling off and dumping and it is negatively affecting bitcoin. also many scams have been pushing people away.

[pundit]

I never understood why cryptotraders and exchanges support ICO's, my reasoning is this: An ICO gets funded, then they do what, they SELL the BTC they raised for fiat and push the price dive on BTC, thus taking all those BTC out of the trade environment, anyone thinking that an ICO would reinvest into the exchange is naive. This hurts everyone, even the exchanges. You might say "Well the exchanges get fee's on ico" well that is true, but they are losing all future potential fee's on those coins, if they had continued trade on the market.

So in Short - ICO's are killing Bitcoin and CryptoMarkets.

Partially agreed to the point that ICOs are killing Bitcoin, not ICOs but scam ICOs are killing bitcoin and other cryptocurrency, potential ICOs are rather giving good option to either hold bitcoins or alt coins, the worst thing in crypto world is - even scammers are launching their ICOs and duping investors, there should be some regulations for launching ICOs, with this way we can have good ICOs and their coins in the market which further will increase total market capital.

[Ucy]

This post is a bit old but still relevant today.
The view is somewhat narrow minded in my opinion.
 Ethereum has become the most used for  funds raising these days
and people attributed its quick increase in price to the activities of ICOs. Ironically, when things aren't going the way of Ethereum it is quickly blamed on ICOs. In real World, narrow-mindedness could lead to hasty actions that could make or break a society. People need to be careful not to be taken over by emotions

[AAKODI]

There is a big demand fr cryptocurrencies now days and that is the main reason why many ICO projects are launching but it is true there is a bad effect for bitcoin from them because bitcoin loose its holders for certain percent when they get attracted to new altcoins and that is a main reason why bitcoin prices get low because more and more people take out there bitcoin from wallets to invest in new projects

[AAKODI]

Exchanges dont care for anything else then profit.

They will list scam coins as long people will pay for votes for enlistment.

True exchanges main concern is to make profits and they don't care whether bitcoin will survive or not and exchanges even guarantee for companies who list there tokens that the price will be strong so from every angle bitcoin get negative effects and altcoin ICO project implementation has become a great source of income for many exchanges and also there are lot of people who are feeding from them and that is why more and more new cryptocurrencies are introduced

[Dr.Osh]

Be realistic, the usability of crypto to run a project is not that easy yet. The teams have to convert at least some of the investments to fiat in order to run the company. If everyone starts using crypto for selling their services then you could have used the crypto.

I think otherwise in this matter. I think, people who contribute to an ICO must change their fiat to bitcoin, or ETH. of course this does not make bitcoin die, but this makes the demand for bitcoin increase. and of course that also makes bitcoin prices rise.

[tonlong]

With what is happening at the time of this 2018, ICOS campaigns are almost in trouble and may fail due to Bitcoin. Bitcoin is down and for a long time the crypto market has become lighter. The Altcoin became ill and the ICOS campaign was now in a state of havoc.

[pinkpanther03]

I never understood why cryptotraders and exchanges support ICO's, my reasoning is this: An ICO gets funded, then they do what, they SELL the BTC they raised for fiat and push the price dive on BTC, thus taking all those BTC out of the trade environment, anyone thinking that an ICO would reinvest into the exchange is naive. This hurts everyone, even the exchanges. You might say "Well the exchanges get fee's on ico" well that is true, but they are losing all future potential fee's on those coins, if they had continued trade on the market.

So in Short - ICO's are killing Bitcoin and CryptoMarkets.

In the first place, according to what I understand about it, Bitcoin is not an altcoins anyway. Bitcoin is the reference of altcoins in short altcoins was a clone of bitcoin. That's every time Bitcoin rise up most altcoins dumped or go down, then few of them only remain still or some get pumped while bitcoin increase. So. its not true that ico's are not killing bitcoin.

[Compiler]

I do not think so, not all ICOs are killing Bitcoin, there are many things that are really useful, most are useless. Very few have a good idea with a good project with a future. Bitcoin is already the default supported cryptocurrency, for now, and I do not think any ICO substitute to Bitcoin, they can simply do other functions.

[Gamblet]

I think that altcoins increase the demand for Bitcoin. If there were no altcoins, then the cryptocurrency market would be much smaller. I think that the Altcoins contributed to the fact that Bitcoin grew to 20,000.

[ipanks]

Bitcoin does not depend on the ico and bitcoin is too strong to get killed by the ico. The ico just following bitcoin and no matter where bitcoin moves, the ico still behind bitcoin. And now, the ico is trying to survive in this situation, and I don't think that the ico can increase their price in the short time because the ico needs to adjust their price with ethereum. Besides that, there is many scam ico project that will cause the ethereum to get down for more, and it's not good for ethereum itself.

[Kat_messy]

ICOs mostly has been funded with Ethereum not Bitcoin, and their crypto sales for fiat could affect Ethereum in some way, but I don't see any way how they could affect Bitcoin.

[novakamena]

ICOs mostly has been funded with Ethereum not Bitcoin, and their crypto sales for fiat could affect Ethereum in some way, but I don't see any way how they could affect Bitcoin.

An ICO advisory firm has released a study showing over 80% of ICO projects were scams. This definition included projects that didn’t follow their roadmap or were deemed to be scams by community members.Market  has lost over $500 billion of its market cap this year.This also affects the Bitcoin.

[ardibimbim]

Circulation and usage of IOO only depends on demand and from the development of projects developed from the ICO and may not have an influence on the movement of bitcoin prices.It makes bitcoin a tool to buy their tokens, so that the volume of bitcoin trading will be better and can pump a lot of bitcoin buying and selling transactions use bitcoin,so I think ICO is also crypto and doesn't kill bitcoin.

[maianh09]

ICOs are a form of capital calling to seek funding for projects and through which developers release their Coins and put them on the exchange. But most of them fail after a short time, so I believe it can not affect Bitcoin.