every day new ICOS arise and 8 out of 10 ICOS are a scam, many people are losing their money and because of these scams they no longer invest in cryptocurrencies
It's also their fault and negligence because they are thinking that ICOs are the crop of the crypto market. Impossible if they didn't know that ICOs are the riskiest investment right now.
and because of all this the bitcoin ends up losing confidence. So the ICOS is the quasante of the fall of bitcoin? What do you think?
Bitcoin isn't losing confidence, this is still a bear market that we're going through.
We don't have to blame these ICOs for the bitcoin's correction but it's giving a lot of pain to the investors that are being scammed which should be blamed for fooling and deceiving rightful investors.
I truly hate ICOs. There definitely is an ICO bubble and I think it's in the process of collapsing. ICO's have made the crypto market seem like a joke honestly. You have these garbage coins, poorly written whitepapers, and badly photoshopped images of "team members". Then the SEC themselves poke fun at ICOs by creating their fake ICO. A lot of my friends that are anti-crypto use ICOs as one of their points. Gah, so annoying...
I am ready for ICOs to disappear into the wind like pets.com.