Bitcoin Forum

This is some bad news for Crypto.
Not only for NEO, but also Ethereum, Qtum en others



Russia: ONLY qualified investors and not private ones.
- https://cointelegraph.com/news/suddenly-russia-plans-to-ban-cryptocurrency-sales-to-ordinary-people (https://cointelegraph.com/news/suddenly-russia-plans-to-ban-cryptocurrency-sales-to-ordinary-people)


Korea: ICO ban (after china)
https://www.cryptocoinsnews.com/south-korea-tightens-bitcoin-regulations-will-punish-icos-report/ (https://www.cryptocoinsnews.com/south-korea-tightens-bitcoin-regulations-will-punish-icos-report/)


China:ICO ban ( allready enough topics on this forum
https://www.cnbc.com/2017/09/04/chinese-icos-china-bans-fundraising-through-initial-coin-offerings-report-says.html (https://www.cnbc.com/2017/09/04/chinese-icos-china-bans-fundraising-through-initial-coin-offerings-report-says.html)


I think september will be a RED month.
I switch to USDT :) (it's always the same as dollar)

Russia won't ban crypto...Russians are crazy about crypto...they are even making their own crypto exchange in partnership with Waves.

This is a typical move for russian investors, if this stuff is true in time we will see some whales with pockets deeper as the ocean speculating about prices.. there goes "the dream".

It wont affect the general market, it'll only stop every single scam coin with nothing to show for it from raising millions of dollars so easily. Chill out and stop spreading the FUD.

I am shocked, I think this month the alt coin price will devastated, suddenly a lot of country want to ban ICO

One side I understand that alt of ICO is used to scammed other people but this will affect the other legit ICO
At some point this can affect bitcoin price because the trading volume will be decrease

Forget about that, this is crypto and just try to use that the coin with high privacy. We know crypto is not built by the government or financial institution. What ever they said about that and it seems the crypto will be stand till the future,

Even these news are true, short term this may have an impact but long term this could be good news for a healthy crypto market

Long term this is positive i think. It means projects will need solid products and roadmaps before they are able to raise millions and millions of dollars and then stop working, lol

Wow... That escalated quickly, I was thinkingh when bitcoin hit $5000 it's unstoppable. But now lil bit down. At least can buy Bitcoin cheaper than 1 week ago   ;)

This is good news for non-scam cryptocurrencies. The sooner we can stop ICO fraud, the better for this ecosystem.

Thank you for aggregating all the big news into one thread.

Long-term, net positive.

Won't this increase the number of projects that are going to have anonymous teams? Which is a bad thing... it might funnel investors to have to start trusting more in faceless projects... just my initial thoughts anyway.

Those nameless projects arent going to get investors. Would YOU send 10k to nameless nobodies with a "plan" for something?

I certainly wouldn't. People are dumb, but they aren't all THAT dumb on the whole. This should be an end result of way less scammy ICO's especially when the U.S. joins in. The crypto market will experience pullback, but it will be in a safer and healthier space in the end IMO.

Oh yea I agree that it is dumb to do that, but it still happens and I think it will increase...

https://cryptoping.tech/

These guys raised 1000BTC and openly admitted anonymity in their project...

It's raining FUD and it's only monday... Instead of panicking people should chill a bit and see what happens. Most of the time the end result is nowhere near as bad as everyone's afraid of.. and then they buy back their bags higher lol.

Agreed. Some people really just need to chill and take a seat.. To the face!

But really, so much FUD and panic. So what if China says ban ICOs? Screw them.

That's going fast all of the sudden, and I bet more countries will follow.
Kind of annoying this is happening now when btc was mooning so nicely.

China get this:
All this ICOs is fake deals.

I agree that some of them are FUD. China has more pressing problems right now with North Korea planning on launching a ballistic missile with a nuclear warhead.

The application of the ban will not happen until all the laws are studied and new laws created. The Chinese government cannot do anything for now.

but how does so many ongoing ICO?  ::)

It's a bad news for me as investor since I'm currently hold my most of btc
But if there is a time to decrease, there will be time for increase so yeah it's normal to happen as long as it goes normally

GOOD i hope it cuts out most of these fucking lame ETH based ico shitcoins!!!!!!!!!

regulations are always good for the finance industry for long term growth and maturity...
and more important...
kill and filter out all these shitty scammers...
in a fast money era, you can not rely on the market self-correction, which would be big big bubble, and huge crisis at the end...and may even kill the whole cryptocurrency ecosystem

so hold the old coins, and wait for bitcoin $10,000

Agreed.. This is great news.

i think it will help weed out the scams as everyone is now going to have to push more to show they are legit

Think in opposite way because without these kinds of regulation there will be a lot of scam ICOs cheat investors like you and make you lose more money. I feel this news has given us to buy good coins at a lower price so we shouldn't miss that and hold on to good coin for longer term you will make a good profit.

I think a lot of us came to this conclusion, too. Yeah, the surgery hurts a bit for now, but all in all, it's pretty positive ... or at least, it will be, in a few weeks/months.

That's very bad news for the crypto world. I don't know which persons will be qualified to invest in Russia. Only the rich and powerful people? I hope other countries won't follow. But i am afraid some want to do the same thing. It is only the start of the States and Banks trying to control the crypto world. I hope that i am wrong about this. I hope everyone will be able to get back their money in thoses countries.

10000 for BTC, keep dreaming my fried ))

as of know we see that there are full correction on all exchanges and with killing those ICO scammers we will kill a quite big bunch on investors
which will lead us to that point that there would be a shortage of liquidity in the market and which will lead for deep price corrections for all altcoins first and then it will hit BTC, hell already did!

China, Russia, Korea - if Japan will join, then I'm affraid the corrections will be much more deep.

I think those countries that ban ICO should also ban kickstarter, this is also not regulated and a lot of products are just gimmick and not useful or not practical at all.

But I agreed that there are too many ICO scams recently, most of the projects stated will never completed.

I can't really say great news to this. I think it will be healthy for ordinary people in the market so they will be safe. But there were wise people making money from all these ICOs. Now those days are gone.

This situation really makes me worry. So many rules that Government made with regard to the ICO project. Surely this gives a positive effect to see some ICO which is really honest and also has a strong foundation. But in other side, panic selling time.

the volume of money in Kikstarter is much less then in this crow ICO and if the campaign fails, Kikstarter has to return the money?
or maybe I got it wrong? was it for this stuff : Kikstarter froze money received from investors until camping will finish with  a success, if not,  they will return the money collected?

You don’t understand investment securities regulation.

Here is a blog (https://steemit.com/cryptocurrency/@anonymint/are-most-cryptocurrencies-doomed-to-collapse-because-they-re-ico-issued) that explains it.

Kickstarter is not allowing people to invest in shares based on an expectation-of-profit on those shares. Thus Kickstarter is not offering investment securities. IOW, not crowdfunded equity.

Crowdfunded equity (https://en.wikipedia.org/wiki/Equity_crowdfunding) is subject to more strict regulation than ICOs.

The selling is something I think the crypto world can live with, because we have seen it happen before. And it will be over at a certain point.
A regulation of the ICOs I think that is a benefit that will last.
Too many ICOs existed, too many were fraud.
After all, these regulations protect the investors. Investors who get scammed, they don't come back again.

Yeah, the selling is just because people are spooked and probably are waiting on more confirmation on how broad these bans are going to be before gaining confidence again. But in whole I think this will ultimately be good for the health of the overall market as everyone knows there were too many big earning ICOs lately with very few of them having any legitimate plans other than raise a bunch of investor money and then exit scam the investors.

Also, the selling actually comes at a good time to help cool the market in general off, as we cannot realistically sustain this rate of growth and not expect a devastating crash. The market needs time to flatten out and maybe even come down some more for awhile to help stabilize everything and perhaps start rising again later this year or even early next year.

This is the government regulating online scams.
It's good in the long term as many have said. The market will bounce back and will be worth more because more people will enter it.
Do you know why governments are doing this? They are not trying to stop crypto, they are interested in entering crypto world but want to get rid of risks (ICO scams).
Expect the market to increase to a new record within few months. And this will actually make Ethereum/NEO/Waves worth more than they are now. Holy shit I need moar Waves.

maybe governments want to give protection for their citizen from scamming ICO so they give warning/banning for the ICO. but in other side, i think not all ICO is scamming people because i am sure that there is still many good ICO that really wants to be a good project in the long term. and yes, all ICO project will be clear and transparent for every people and not just for investor if they want to attract investor so their project can run and reach their goals.

the russian step is smart not like the china and korea they shut out from technological development.
this month will be a tough month for coins whose developers come from China, the price of their coins must go down considerably.

Russia is allowed but why should not private investors ??? .. investors of any party great influence for the success of ico

then the Chinese and Korean countries really prohibit ico, perhaps in both countries experiencing a money crisis due to the number of new coins.(my opinion)

Why do you think Kickstarter banned all crypto coin crap ?
Why do you think Paypal did too ?
China ?

You are greedy idiots ignoring blatant crooked fraud that pisses all over the ideology of crypto.

The ICO itself is as cam by design.. simply by how it works.

There is no surprise that China did it unwisely, Chinese government has been done a lot of unwise decision, not only on crypto currency.

I am disappointed with this policy, China became a disease and spread it to other countries. Korea and Russia are big countries, this will be bad.
can only motivate everyone to remain calm and not panic.

This will make price fall down so much. But when all gov can control ICO. avoid scam ICO. Price will recover

ICO is actually different from cryptocurrency.
Though ICO are organised with cryptocurrency, they are not the only use of them.
And the unregulated ICOs were a danger to uninformed investors.

Russia as far as I know is one of the country who loved cryptos, and crypto has similar into bitcoin anyhow in terms of anonymity and decentralization only their differences was the level of their price value if I am not mistaken.

Russian officials don't like things where is big money and they can't get it. May be they don't understand the nature of crypto and the real sence. But most likely they are nervous because they can't get taxes and fees. But there is one small detail at their statement - they prohibit only bitcoin trading, morons...

But ICO create a new cryptocurrency. maybe they are banning ICO because the ICO have a very big risk because the funds collected are also large. and not all ICOs have permits in their country.

The current situation around the prohibition of ICO should not affect the market of crypto currency. This is an unjustified panic. Confirmation of this again a good increase in all digital coins in the price. Now, for example, bitcoin has a rate of 4,466 dollars, and another day or two ago it was at the level of 4200 dollars. Also, other coins are rising at a good rate.

cointelegraph will publish articles so long as you pay $5 to them. the owner is a homeless kid. you can't trust the site.



the government hate crypto for it will ruin their economy and they can't control any decentralized system so how in the world can they control ICO? these articles are paid.

Everyone just needs to calm down. They banned ICOS not cryptos. Everyone knew ICOs were becoming a problem. I swear  only being in cryptos for 6 months and EVERY day people think the sky is falling. Things are going to be alright. People that panicked yesterday already lost money with the rebounds today.

I am confused with all these. where is the independence of cryptocurrency. I think this is all happening because some people are harming many people. So others are exposed to the negative effects of their actions. So far I have not seen the power together in eliminating Ico. So the existing Ico is Ico which has quality and project beneficial for many people.

This is going to cause some short-term pain, but in the long-run this sort of shake-up will lead to better-quality projects.

I hope no other countries will follow from this banning of ICOs in Russia and china if this will happen it will greatly affect crypto market but as i can see no one can stop many investors to participate in ICO investments. 

Quote from the news:
Russia should create its own alternative to Bitcoin and Ethereum because they are ?developed on foreign cryptography,? a senior politician has said.

Not sure why a country want its own crypto or any people want to use it, it just seems so conflicted. Maybe i am missing something?

All of them can ban ICOs but can they deter people from investing in ICOs? No. Many projects are already starting their projects in countries like singapore which ICO is legal.

Russian officials don't want to study the question about cryptocurrencies as far as they should. Stupid claims and statements sounds every now and then. They understands the power of crypto, but can't catch it, can't manipulate. So that's why they look like shaved bear attacked by bees.

My best guess is that the Chinese are afraid that the ICO influx is going to get out of hand, then collapse and have a large group of (young) people riot in the streets and be destabilizing in some regions of the country.