Quote from: KenChanYu on August 06, 2018, 05:32:45 AM

Quote from: eann014 on August 06, 2018, 01:52:59 AM

Quote from: cherry yu on August 04, 2018, 03:47:35 PM

Quote from: eann014 on August 04, 2018, 01:25:45 PM

Quote from: djcounter on August 01, 2018, 02:03:12 PM

Bitcoin's growth began in early 2017 and then it touch 20000. Bitcoin's largest growth is due to the ability to trade with tether dollar. With this growth, a huge growth in ICOs appeared. Nowadays about 30 ICOs are added to the market. This huge volume of ICOs, has taken the power of bitcoin growth. Like weeds next to a tree. Bitcoin will not grow until ICOs exists.

I guess bitcoin price is not only because of ICO's, yes, there are still some impact if there is a lot of ICO's but it is also because of big investors of bitcoin before. I think last year has a lot of investors of bitcoin and that is why bitcoin price touches $20k because a lot of scammers also uses bitcoin to their business, they uses bitcoin to encourage their investors to invest to them even if they are not legit but they are using bitcoin so they are putting a lot of investment with bitcoin so that the price of bitcoin will go up and a lot of BIG investors will put huge amounts of their capital for it because they think that they will get profited. By the time past by, scammers sell their investment and just run away that is also why bitcoin drops hard last year. This is my opinion.

i got your opinion, not only ico is the reason for the bitcoin price increase, as well as large investors. Yes, you also have the point that the scam project is also one of the reasons for the bitcoin price increase. and, this is also one of the reasons why its price has fallen due to wrong speculations which now affects the value of bitcoin.

Yes, because a lot of scammers now are using bitcoin for their monkey business so they can get a lot of big investors, they uses bitcoin to encourage a lot of investors and invest with them, that is why some other investors now are afraid to invest with bitcoin because they think that they will just lose another million of their capital, which is wrong because they put their money in a wrong investment.

Exactly! Scams are very rampant nowadays and these lead to losing the trust of the public towards Bitcoin. Not only for this reason, it could also be due to fake news, media influence, supply, demand, its risks, or volatility. But we should be aware that market keeps on moving that makes price to keep on fluctuating. I still believe that price upsurge takes time and market will be back on track at the course of time. As a Bitcoin user, we have a strong responsibility to support and promote Bitcoin for its growth and success.

Precisely! The money that could be spend in Bitcoin, is being wasted into scam projects.