Quote from: irsykes on November 10, 2018, 11:39:41 PM

Quote from: labilaab on November 10, 2018, 01:22:31 PM

In my own opinion, the more altcoins and erc20 tokens being released everyday in market, the more it affects Bitcoin or even Ethereum's price to go down.Since the volume of investors should be instead investing on btc and eth are now divided to altcoins.What do you think?

Don't forget too that invest in ICO need ETH too, it means investor will buy ETH first and then get their tokens, it is right if they profit they will sell their ETH, but i don't see it really affects on ETH price.

That's right, it can be said to be a reasonable turnaround so it doesn't have much effect on the decline in ethereum prices. Or if we blame the ICO project for this problem, I think not because every lot of new coins coming to the market will also have a lot of shit coins that die in the market, so basically this is competition.