Re: ICOs are the cause of recent bitcoin fall.

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 ?

indeed some people choose to buy tokens at ICO which he thinks can make a profit, but I think bitcoin is down because the hackers and crypto market are taken over by irresponsible people, that's what causes bitcoin down.

And I do not think like you. The only reason that bitcoin prices have dropped recently is that of whales. Because the whales can control the bitcoin price. They are reducing bitcoin prices and they will buy more bitcoins at a lower price

ICOs are not the main cause of bitcoin price fall through they contribute partially to it. I think the main reason why cryptocurrency price keep depreciating is that many news countries are accepting cryptocurrency and trying to come in fully by bringing the price down so they can get it cheep and before booming it again.

The news does not contribute so much to the decline of the bitcoin price anymore. There are negative news appearing almost every day and its not so new to hear such news. Unless the news would be about something big such as a ban or something, then it may have nothing do with it. Were at a bear trend at the moment so its not so surprising for bitcoin price to go down. We have experienced a corrrection from the ATH we had last 2017 and the price may still go down any time this year.