Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: Quantum X on August 04, 2018, 07:29:29 AM
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Today we have may ICO that almost everyday are being introduce by different team. Do you think this will affect the price of bitcoin to not grow or make another all time high (ATH) record? because of ICO, other investors will choose to participate in ICO than buying bitcoin and hold.
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Hey. I think it all depends on the projects themselves. If there are more ideological ICO projects then there will be many potential investors who will invest their money in this project. About Bitcoin. There are few people who can buy it now, don't you agree? That's why, a person will look for a worthy project and invest in it, in this project can make a huge profit to the investor and bitcoin is not likely. That's my opinion buddy)
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Both choices are viable options but both choices come with risks. With an ICO you can really get lucky and have the price moon and go 10-50x or even more. On the flip side, it could tank and go nowhere and you lose everything or most of everything. You have to be ok with either outcome, though. Pick projects you believe in and projects that are backed by great names in the crypto world. Even with all of that you can still lose, though.
By purely investing in BTC alone, you run the risk of missing out on all of the crazy altcoin gains that can happen. BTC is more stable, but you may regret being only in that as well.
The real solution is to do both.
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The real solution is to do both.
Well, I think there is nothing more wiser than this. Staying in bitcoin or taking some risk in ICO with a high chance of profit is always what matter to the investors.
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In my opinion the price of bitcoin will not affect the number of ico that has sprung up. But it depends on ico itself. If the ico has a good whitepaper, I think people will start thinking about joining ico instead of buying btc.