In my opinion I am beginning to believe that all the funds that were suppose to get into bitcoins for it get to a higher price are diverted to purchase ICOs tokens and this might be the cause of bitcoin fall. If I have bitcoins, and I spot an ICO that has a potential to be the next great coin, I will probably sell my bitcoins for it, and this I think is part of the cause of bitcoin fall. What do you think ?
I disagree.
If the money is coming from fiat, then the sequence goes fiat -> bitcoin -> ICO.
That sequence should increase the price of bitcoin against fiat.
I think the real issue is that ICOs have been waning ever since the SEC cracked down on them. And because there are fewer ICOs bitcoin (and ether's) price has dropped relative to fiat.