# Will the ICO industry still be growing in May 2018?

(note: experimental question)

Cryptocurrency initial coin offerings (ICOs) have become increasingly popular in 2016 and 2017, growing by a factor of 100 during 2017 with about $3B raised in total in 2017's 4th quarter. This is still relatively small compared to ~$20B in 3rd quarter venture capital raises in 2017, but the proportion is rapidly rising.

However, cryptocurrencies hit a bit of a wall in mid-December 2017 and have been declining or stable between then and late February. Along with participation, utility, and investment, it's clear that a significant component of coin purchasing is speculation that the coins will increase in value because...there is speculation that the coins will increase in value because...

So one might imagine that in a flat or declining coin market ICOs are going to have a tough time. The question one would like to answer if one were contemplating an ICO would be something like:

On May 1 will the ICO space still be growing in overall size, and stable in success likelihood?

(Here, "success likelihood" is something like expectation value of capital raised for a fixed quality of project.)

The attentive Metaculus user will note that this question is far less specific and well-posed than usual. This is by intent. The question will be resolved in the following manner. The question will remain open until its resolution time. Then:

• If at the resolution time the community prediction probability is < 10% or > 90%, the question will resolve negatively or positively, respectively.

• Otherwise, it will be resolved by the personal, unquestioned discretion of the question's author.

The intent (along with crypto-insight) is to experiment with a new idea about consensus question resolution, in which a question might close (differently from this one), but remain open for predictions about the resolution. This might either be neat, or perhaps create in infinite unstable meta-regress; we'll see and experiment.

### Metaculus help: Predicting

Predictions are the heart of Metaculus. Predicting is how you contribute to the wisdom of the crowd, and how you earn points and build up your personal Metaculus track record.

The basics of predicting are very simple: move the slider to best match the likelihood of the outcome, and click predict. You can predict as often as you want, and you're encouraged to change your mind when new information becomes available. With tachyons you'll even be able to go back in time and backdate your prediction to maximize your points.

The displayed score is split into current points and total points. Current points show how much your prediction is worth now, whereas total points show the combined worth of all of your predictions over the lifetime of the question. The scoring details are available on the FAQ.

Note: this question resolved before its original close time. All of your predictions came after the resolution, so you did not gain (or lose) any points for it.

Note: this question resolved before its original close time. You earned points up until the question resolution, but not afterwards.

This question is not yet open for predictions.

#### Thanks for predicting!

Your prediction has been recorded anonymously.

Want to track your predictions, earn points, and hone your forecasting skills? Create an account today!