I have been wondering how directly and indirectly fluctuations in the price of bitcoin affects ICOs performance at that time. Anyone who knows this can assist in the explanation.
I think it is very logical, when the price of Bitcoin rises, then many Bitcoin holders get profits, some of which will be used to buy Altcoin or ico, and of course it will apply when the situation is the opposite.
i think not , its because ico's are totally different from btc . some people prefer to invest in an ico because they think that investing on it is a bang of the buck , while there are some that only choose btc because it is more trusted than an ico . the price of ico coins will only be affected because of bounty hunters that are usually dumping their coins . while btc price is directly affected by manipulation and other factors like speculions , fuds , demand/supply , etc and so on .