Why do ICOs sell their coins for 1 Ethereum when the value changes rapidly?
I just don't understand why you'd want a fluctuating price for the item you're selling. If you look at the price of Ethereum, it's going up pretty quick and this makes the price of the ICO more and more. It would be different if they would just say "$1000 of Ethereum will get you 500 ??? coin in our ICO."
I just don't like the price of ICO tokens going up just because Ethereum goes up.
Am I missing something here? Can someone explain to me how this is a good idea?
I think this depends on what ICO you are buying, I have bought some ICOs with a fixed dollar value, but indeed almost all ERC20 tokens have a fixed ETH price. I think this is something we need to accept as it is.
But in theory this means it is indeed smarter to load up your ICOs while ETH is in a dip!
Feel free to check out my blog @maxdigi, this way we can support each other.
Cheers
maxidigi
I followed you. Yes, I know it's best to buy on a dip but ICO windows of opportunity sometimes do not align with those windows. I guess I just wanted to vent.
ICOs trade their "worthless" coins for something that actually has value. Even if ETH isn't worth the same thing all the time it's still something and it's even used as compensation at some ICO companies (where you get paid in ETH and not $s)
I don't like the token price going up either, but that's just how the cookie crumbles.
Yeah, I just hate that the price of tokens effectively goes up when Ethereum goes up.