Many of these ICO alt coins are going to die off here over the next few months as both more crackdowns happen and people realize what they where really for. Simple pump and dumps with no advantages other then to make owners a butt load of cash.
With China coming back in most likely here soon your core Bitcoin price is going to increase as ICOs are banned there and thus more investors are going to want to "invest" in bitcoin then the ICO coins where are now banned there.
If people actually read the agreements for most ICOs they would see that purchasing doesn't actually entitle them to any revenue, profit, governance - any upside whatsoever. Most of them are just internal currencies to power an app. They're like frequent flier miles.
I agree, it's just impossible that all ICO are gonna succees in with they want. On paper their ideas are like gold mines, but when the execution fails, they will look like dirt mines.
I agree. My blog provides technical analysis and many come with ICOs with every tell tale signs of a pump and dump. They were made the bag holders.
What gets me angry is that well known youtube personalities are taking payment from ICOs and shamelessly shilling it. They should know this: What goes around, comes around.
ICOs are like a gold rush right now. Basically, the way it goes now is "I want to do this startup" "oh, lets put part of it on the Blockchain" "Let's do ICO crowdsale" "Market it well" Gets few million in ICO "Well we have a good start, we can either keep working on it or cash out and try to sell the startup"
I am not saying all ICOs are like that but more than a handful see that others are making millions by "pitching" their idea and promising next to nothing with good marketing and they try to "replicate" the same gains. I am glad some regulation is coming into place even though against the concept of decentralized computing.