One of the reasons that Bitcoin and Ethereum's prices are not growing is the so many ICO and IEO in the market,we all know that Bitcoin and Ethereum are two of the coins being used to purchase their coin, the developers of these ICO and IEO after getting funded are quick to sell their coin, pushing the price of the market to go down.
If there are no new ICO and IEO in the market I think the price of Bitcoin and Ethereum will stabilize and increase.
What's your thought am I right or wrong?
But isn´t it good for the whole ecosystem? It helps the adoption because startups creating diffrent blockchain solutions and help the whole industry to grow.
Like apps on Android - more apps make Android more useful.
Yes, that may be true, but the average developer currently only cares about money. no development when they have finished ICO / IEO. so there will be no adoption we can expect.
this is what makes the crypto market bad for investors and the government.