Bitcoin Forum

The price of altcoin and bitcoin drop. Should we be panic? What do you think of the situation. Will ICOs stop because of the ban by China, Russia and Korea? Will others follow those countries? What is the future of ICO?

I would only panic about investing in scam icos.

Other there are 2 scenarios for me:

1. Atm we have 4 countries regulating icos that is by far not "ALL" world. Other countries will slowly follow and icos will be regulated everywhere. The regulations will force issuers of icos to register a company, be transparent, pay taxes and give guaranties to investors and be fully legal responsible.

2. Not all countries will follow, anonymous coins will rise and icos will be held in countries with no regulations. Everything will work as before...

Same thoughts. There's no need to panic as there are still other countries who can hold ICO's and everything will be back to normal soon. I am sure the developers of these coins will find a way to brings things back as the way before.

Never a fucking good notice....now the Ico ban in China and value of coins crashing, i hope it's only temporaly

#1 is certainly the eventual outcome.

The SEC lead this with their warnings about The DAO. They coordinated with multiple countries to announce on the same day.

It is not a coincidence.

The main difficulty I think is getting the EU to enforce, because afaik their securities law does not (consistently for all nations in the EU) address investment securities outside of stocks listed on exchanges.

So maybe this was designed to embarrass/pressure the EU.

There is more going on than meets the eye.

There should not be any panic just less scam ICO's, I think this is not bad idea there was to much hype already.

This ban may not be permanent. So it's better not to panic and be patience.

It is never a good idea to panic )

The major drag on growth of proven crypto currencies like Bitcoin and Ethereum is the risk of new expected regulations that will limit their use. And one of such events just happened. But it does not mean that it is not possible to use crypto currencies in other applications so the news should not have a disastrous effect.

Good thoughts.
For now China is blocked ICO, but this does not mean that they don't allow ICO's (with some recommendations) yesterday.

I'm sure it is. There has never been such a thing on cryptomarket that actually ruined it. We've seen big dumps followed by big pumps after some time. I think this will happen this time as well. Even if Chinese people won't build many icos - there are many other strong countries that will still help this world to keep going. I'm currently very upset with iota going down, but I will be patient and look forward to the better future.

I know it seems scary but if you take a closer look this ban may even help us in the future. Less scam ICOs and more true trustworthy campaigns to invest on. So i don't see a reason to panic. Just hold on and your coins will gain value again in couple of weeks.

I would panic if I joined an ICO that was clearly made in or run by people from China. Why? Because this latest ban also asks that ICO creators there now start to refund the crypto to its investors. Do I think this is really going to happen? I doubt so. But yes, I think even if not, there is no reason to feel afraid. None of this will cause people to just suddenly lose money. Unless those ICOs just get afraid and disappear!

I think in the long term, ICOs will be more of a conventional investing instrument (more regulated, more codified rules and procedures). Not a big loss, only for the scammers and tax evaders, in the long run. Problem is just, what happens to the ICOs going on right now? They will probably feel a bit of pain, due to uneasiness about the future and lack of trust by investors. It's a shame, as it might kill some good ideas & conecepts for Blockchain products.

about the price of altcoin and bitcoin that have falling or falling prices I do not panic, because that is the usual thing. I panicked when ICO was banned from China, Russia and Korea. hopefully other countries do not follow the path of the ban on ICO.

how can this help ico? If ico is banned, we can not participate in other people's projects, and we do not get that token? Actually I do not understand what you say, I still feel panic if ico has been banned closed, hopefully not happen.

I hope so, the ban isnot permanent. When three countries together ban ICOs I think it is not coincidence. WHo is the target of the country behind this policy?

China is just one country though it has brought a lot of investors to the table it does not affect the whole crypto community. I think we should not be in panic and wait for what's coming next. Anyways not all ICO's are scam although there are some.

ICOs should be ban if they are not following the standard rules and policies for investment securities, taxes, and other legal documents to pursue their products and services. Initiating an ICOs is like initiating a stock market for public offering, if it is regulated then ICOs would be legal and the only trouble is on the side of scammers and fraudulent businessmen and entrepreneur who are evading taxes and legalities other than if it is legalised then we shouldn't be worried about our investment 'coz as an investor we are also protected as per government policy.

even after that some of countries trying to tighten the rules for all these ico to avoid scammy icos. it's all better with the regulation and let the crypto world evolve to another level. if people have seen how bitcoin back then struggling to some banning news and now bitcoin has reached new ATH and far surpasses the price of BTC long ago. what could go wrong with these ICOS?

Why should we panic? Just knwo that there will be less money flowing in ICO as compared to before. And all the shaddy ICO will vanish. In my opinion its a good thing!

less scamcoin will born. I don't care if china or whatever country bans ICO, bitcoin still has its value. beside that is only China, not the entire world. some people think ICO bans like China will destroy the entire cryptocurrency world forever.
Too much hype, too much hype.

No. There should be no panic. This is solely because it's not a worldwide Ban. Yes the market will be affected for a while after which everything will return to normal. ICOs won't stop cos of China ban rather the pace at which funds will be raised will be affected and they will be less investors than could've been if there was no ban. The future of ICOs will take a new turn and maybe less scam ICOs will evolve.

I am new at this, may i know what ico is? And what it brings to crypto world??please enlighten me.

The key thing is that China bans ICOs, but in their statement were words that they could provide permission to ICOs, which they will find not fraudulent. In some months everything will become OK.

I do hope this is going to be settled rather quickly. The effect is significant already. I hope china will sooner finalize this thing with a final regulation or policy as to whether all ICOs in the future are going to be banned or this is just a way to clean the country of scams.

Don't panic : Bitcoin price is still very high and Bitcoin price made a x3,5 since january first...

The ICO is not the cryptocurrency market : it is just a part of it, and a little part.
For example, the marketcap grow since years is in majority due to Bitcoin and there is no ICO about Bitcoin.
ICO is just a speculative and dangerous market, a little one in the crypto-world.

according to the subject you threw, so hopefully this prohibition is not permanent, and other times this ban will be lost, or speech from china, korea and russia this will be pulled, because I do not understand why there is this ban? and do not know why they are doing this ban.

You don't know why there's a ban? Every country has regulations on how a company is allowed to raise money. They're all common in the sense that they don't allow high risk non accredited investors and they require knowing where the money came from. Which is why they usually get private investors. ICO's go around all of these regulations. They also aid in money laundering.

They're great for regular people that would normally never be able to invest small amounts into a company.

Panic? I'm celebrating! Beers are on me guys! ICOs are nothing but pennystock scams.

I think this will be resolved and China will do something that people will get benefits about. Yes, I believe this will be the key to lessen the ICO that has been circulating in cryptocurrency world. However, this is not the reasons to be panic about.

I think we should not panic about the ICO ban , we must remain calm and analyze the situation about how and why it is happening. Also we must accept the reality even if its get banned or stopped because of the all the things happening that may affect the ICO's. If the panic comes first maybe there will be a lot of struggle and complaints in the cryptocurrency world especially in the projects that been created in the ICOs.

we should be panic of panic people will sell all coin when have any bad news

If you think that the coin you are holding has a strong community and a dedicated developer then you don't have to panic at all. And yes there are some issues about the ICO in different country but I think they are not the only country that contributes with ICO though they dominate lets all observe what will happen next.

It may prevent a lot of money to enter the ecosystem in the short term, but in long term it's irrelevant, even if major countries put serious restrictions on the ICO frenzy, and probably they should, the crypto economy will continue to grow bigger and stronger.

that's right they are just protecting both theirs and the people that will invest to any ico I think they are feeling some feelings about threatening their economy
so they needed to interfere to such business like this, I'm also thinking the same long project and those good ones will still exist and ecosystem inside crypto
will continue and survive.

yes this scared many people.
in fact it is not very meaningful for bitcoin and alcoin. this is the usual slope problem.
and I think china forbids ico for one reason, maybe a problem with tax. yes sure in the future there will be no problem.

You should never panic, stay calm :)
Talking about ICO, what would stop you from buying tokens? Only banning the internet I guess

The ban in China and other countries surely affect  the altcryptocurrency solvent  and little surprise for the southward movement of the cryptocurrencies. The effect will calm  down and necessary adjustments carried out. I am confident that the blockchain is the future of the next generation business transaction.

No reason to panic. Temporary price drops give us a chance to increase our coins.
The future of ICOs looks much better now. We're on the path to regulation, and the scams will get weeded out.

do not panic, just wait some time and be patient,  the market will be affected for a while after which everything will return to normal, the ICO will not easily disappear  just because china ban, it's not a worldwide tire, be careful guys in response to bad news like this

I can't think of any successful investor who panics when bad news hits. Investment is a marathon, not a sprint.

why should you panic.
when the price is cheap, we can buy it for long term investment.
this has always been a tilt for all alcoin.
ico ban problem.
I think there will always be a policy for it. i am sure chinese will give permission to ico with a landing.

PANIC?

NEVER. ABSOLUTELY NOT.

This is just more FUD to shake out the weak hands and keep ppl away.

No, we should not panic, ever! And besides, most of the ICOs are pure scams, so it is good that they get some bad publicity!

Should we panic? I don't think so. It might happened yes but at least we make our back up plans. They cannot ban all the ICOs because others think it will be a great help in the future market.

If he has ICO tokens on Chinese exchanges, maybe he should panic. I mean, sell or move the coins out of there ASAP.

We shouldn't. Why? Cuse Chinese people already pulled their money from cryptocurrency ICOs. It is even too late to panic rght now. lol. Also panicking is always bad.

I think this is a common problem in the crypto world.
I do not agree with you.
the problem for me is, must invest now or wait for the right momentum.

the lesson is anything china bans - invest in it

Yeah, it is a common problem in crypto trading. That's a pity of me that I am panic. and sell the coin at low price.

China has banned ICO which has become a reason for a lot of people to be in panic. There was a huge drop in price in almost all cryptos.
But every situation can become an opportunity if we have a right state of mind. The price drops were a great opportunity for people to buy the coins in dips. Bitcoin has been skyrocketing over the past few weeks with a huge growth in price and i think it was necessary for it to have a price drop.
Those who bought the coins in dips will be overjoyed now as we can see the market is recovering and the prices are increasing. Most of the coins will recover its price within a day or two.

Really. The Chinese government will only force the organizations to work in the part of holding the ICO openly and transparently, which will exclude the possibility of fraud. Therefore, do not panic. In any case, the existing crypto currency will not affect the market. On the contrary, since the released funds will be invested, this will strengthen such coins.

Haha ! this is funny , just a few threads up i saw a quote stating -

"anything china bans - INVEST IN IT "  ;D :D

Don't think so, unless there is a breach in the Crypto system or global ban on it. ICO ban is a good thing for China in long term as lack of regulation has created too many suspicious projects.

I don't think we should panic because a few countries have banned ICOs, there are a lot of people outside of these countries.

I think we should panic at the rate of the ICOs that are appearing.

Is not panic time. Don't worry about Market Down.

It will come back any time. it already being.

ICO ban for china, Russia, Korea Not For World. I don't think whole world follow this.

I don't think it will be permanent Banned for this country.

This step takes for Scammer right now, so many investor loss their money by invest scam ICO. So we should to extra care when we invest ICO project.

  

Panicking is inevitable! But getting the facts right will help to stabilize the currencies later. We should really get to understand genuine reasons for the ICO ban which is partly to put a check and balance in the Scam ICOs. Currencies have never been stable over periods of time but with real economic and other parameters, one can say categorically that the current decline in bitcoin price is only temporary!

Totally. That is the reason I'm here as well. I simply feel like this won't influence things in the long haul. From what I comprehend about the ICO boycott, it's that they are attempting to briefly stop ICOs to control away the scam coins. On the off chance that it works, I figure it will be better for the crypto environment, regardless of the possibility that it sucks meanwhile. I think the Chinese government it one of the more forward looking elements in this space.

Panic is for the weak and newbies if you've been in crypto world for long time then you will not panic because this situation already happened many times. Few days all I can see is blood bath but look at now its already bouncing back so glad I did not panic.

Regulations are a good thing. Both company's who start an ICO and the investors are mostly out onto one thing and that is money. Regulations make sure that not 100 new ICO's will pop-up every day and then skip it with  your money.

As always you have to see what an ICO does and who is behind it, to check if it is not a scam. Nothing changed there. Hopefully less scam coins popup.
For me i guess investing in an ICO is the same as investing in a company that will deliver something of worth, so that didnt change as well.

Only some company's can't invest and might put in money after the ICO has ended and the coin hits the market. That did change, but i'd see it as a good thing for me. (buy low and have them raise the worth later on)

As a newbie in cryptocurrencies, I feel panic because I am afraid of loosing my digital asset. Fortunately, I didn't sell my possesion at low price. Now, I follow most member suggestion here, and see that " everything is gone a be alright"  Like Bob Marley Lyric.

Certain people will always tell you things will be alright, while they are dumping away.
Best to use your brain and listen to yourself.

why should we be panic, its good news for a long term, i will be panic if China dont ban ico, for there are so many scams, and they will cause big trouble sooner or later

listening to ourselves is indispensable to ourselves but listening to other people is also very much needed, the more people who give us insert of course our science becomes more and we certainly have many options to think

There's no reason to panic. China should regulate the markets of ICOS soon. Let's see what news comes from Japan on this issue.

That is also what I want to say, I am not an old investor in the crypto world, but I have experienced many times about the so called blood bath, we should be faithful for the bright future.

This type of issues must happen regularly then only we will get a chance to buy new coins and old coins for a low price. But this kind of news will make newbies panic, and they will take a sudden decision before asking any suggestions to experts. This market is like this it will make people get panic. So here we need patience must.

No need panic , i believe all price will going up again in short time . If the project is really great then don't worry it because investor will invest . But for the blank project , then this is the bad news for them.  

Panic? No it's good because some people who can't think about risks will save theirselves from loosing money by banning this ICO's. Also bitcoin's price don't drops currently and can say the same on most altcoin. It will be better if other countries follows that rule but sadfact for me is that sometimes there were good ICO's and if this happen, we will miss new good ICOs, but scam projects will be out of game also.

Always remember there are FUDDERs out there. Those who spread Fear Uncertainty and Doubt. This will affect the cryptocurrency price, but be firm and dont panic. Panic is for the weak hands only and it will lead to more losses. Do more research and accumulate more info about the coins you are investing. this information will help you decide about your holdings.

Why do we have to panic? Only those who live on those country are affected. We can still continue to use the tokens we get from ICOs we joined. And like what I read from somewhere, it is easy to ban these ICOs but it is hard to police. So relax. Do not get eaten by these FUDsters spreading fear whenever they can.

It wont stop. It will continue as it is. They are just protecting their country for scam ICO's and I think it is a good decision made by them. It will take a lot of work into seeing the background of every ICO based token since they are bloated now.
I would rather ban it also if ever I am the authority instead of seeing my people lose a lot of money investing in fakes.

Ofcourse not! It is only China who ban ICO and there still some countries who continue their work. Relax and calm down coz everything is still normal and under control. We can still use our tokens from ICO's. You should read some articles about it so you could calm down!

Listening for those who have more experience here in crypto world because if you are a weak person listening to your own decisions can make you failed but it depends on how good you are so much better to have knowledge here even if you have a lot of experience or already have experience much better to listen too.

Who are we? It's silly to panic regardless of the situation, you can always sell and buy as it dips. Panic will only cause you harm. Price is already back to normal, so, I hope you didn't panic.

Agree I do not see any reason for panic. It's just that weak people are thrown out of the market

No, you shouldn't. Remember 1 Aug, just pass and go like the wind. When news comes, most people will create their argue and that's makes " panic " situation. Before start trading, we must know someday we will face situation like this. Don't panic and follow your strategy. ICO will still run with or without China. there's' future with ICO and don't miss that. Have a nice day.

At first i saw the prices of both bitcoin and altcoins drop massively just after the News ICO ban appeared, i'm actually a bit panicked cause bitcoin were having a good growth before. But, as you can see now , either bitcoin and altcoins prices now going to return back from it's own position before the News. Thus, i hope everything is fine now if there will be no more bad news / FUD coming.

There was a price correction after the news but now it's going to normal again. ICOs won't stop even though China and any other countries banned it. But such projects for sure will lose potential investors from those countries especially from China. As I know, China gave a good contribution regarding ICOs before they banned it.

Why do we need to be panic? Without ICO, there will be more chance for original cryptocurrency to grow and mineable coins have more space to develop. There are many mineable coins which are undervalued such as litecoin or Ethereum classic. And even though it is not mineable coin, byteball needs to be treated better because it uses a different algorithm

I would no say panic but we definitely need to investigate what is going on on the crypto world. This unregulated is something that governements are afraid of.

Crypto's by making transactions and P2P exchange possibly anonymous are a powerful path of emancipation for people.

But at the same time governments understand the potential of crypto and therefore ICO's in terms of innovation and economic development. 

So long term panuc OK but I think that in a long  term perspective everything will still be able. ICO's and crypto will go mainstream-regulated

 

America banned ICO's but Americans still use Vpn's to register for ICO's I'm not sure on China's closed internet system if this method would work?

On the flip side... more regulation means these coins are getting recognised as a real currency...

Ethereum Classic is an altcoin fork from old blockchain hacked of Ethereum, the price of Ethereum Classic cannot grow in future if you do not want hacker money laundering from it :). Litecoin also a clone from Bitcoin, for me this coin not better than Monero or Dash or Ethereum if you want compare to old altcoin.

Yes, I agree ICOs don't represent cryptocurrencies. ICOs is just a way to raise fund.  Most coins don't have their own blockchain. There are ICOs based on ETH platform and the coin is premined. I think the tokens will be worthless after that. That's is why some countries regulate ICOs from being abused as the scam and fake investment programs. There will be better ICO and more trusted ICO after the ban I hope.

This is done! Finished with this business already. The effect was immediate and kinda significant. But that was that and it was now a part of history. Right now, we are recovering rather fast. And before we know it, we are already breaking some new all time high. Cheers for all the alts and Bitcoin! Higher!

As mentioned in the above statement it gave an sudden impact, and the recovery took place must faster take it to reach ath. As the ban is on one of the top digital currency using country the ban generated an impact, but this was comprised with the investment backing from people over the other parts of the world. Right now China people will be in search of an way to make use of ICO's.

The recovery is faster than I think. I think China citizens will keep investing in ICOs in their way without detected by the government. ICOs in general will grow as the opportunity for start ups is widely open. Many start ups can raise money instantly without being got debt from banks. Banks are suckers to new start ups.

ICOs ban from China,Russia and Korea has affect alts and bitcoins both but they have recovered faster then anyone would think.I don't think so that there is any need for panicking as all will be normal in few weeks.The only thing we should care is about fake or scam ICOs which there are many.Now alts and Bitcoin will rise like usual.

I hope they just control it to avoid many Scam ICO

Well i think the move of china is really fast and not really thinking of it. Though we all know that there a lot of scam coins and other coins that is not good there are more lot of coins that is really promising that you should invesst more or support more. China ban directly those without lot of investegations i think those following countries will study first if they will ban it or not

I think we do not have to panic, but if you have altcoin which is now its fall coin, it is worth to panic, but I am sure this is only temporary and we should be patient

The internet shouldn't be closed, because all of the goverment already used it as the primary system, Internet will never be shutdown. And i think there are some projects already try to collect the id of the participant to avoid the americans to participate in ico.

Nothing to panic about really, it's usually the rumours that get the market going downstream and this is the effect of unreliable sources. Altcoins going through the ICO stage are only the people losing our here as they will be missing out Chinese investors. The price of Bitcoin will stabilise over time while following coins like Ethereum and Litecoin will take more time to recover from this blow.

Everything will be back to normal,it just seems that China is testing what may be the affect when they ban it,qnd they just see that they do really have a big say on this market. Soon will be back on it if not still it can increase.

People shouldn't panic because of what's going on, the ban most probably isn't here to stay. What should worry us is the fact that China has such a big say in crypto and its value, which is something many of us are aware of already, starting with Bitmain and their monopoly on Bitcoin mining equipment and so on.

we should not be panic, but we need to be careful with ico, China ban ico due to many reasons, but one is that most ico project are really scams, they just aim to raise money, and this will lead to very serious results

As for the price of coins fluctuating, there's nothing to panic about that, that's a normal everyday thing in the market.
Prices will always rise and fall.
As for the case of ICO ban in few countries, that will usher in a new dimension in ICOs, we will now get to see better ICOs and to protect people from scams.
Things will come out better soon.

I head about that and I'm so worried about the future of altcoin and bitcoin I hope that the ban will during for a few time

No, I do not think this FUD has stopped.
Do you think whales will let a FUD easy stopped by the faith on market?
Never, they will find new way and create new scenario for deal with us.

i think nothing to worried our panic about the banned of ICO, if i'm not wrong according to news china government allow again the ICO but needs to rgulate of china government the is to protect the interest of the investor about the scammers, and to protect also to use the illigal activities of the bad elements, korea and russisa for my prediction same action from china about the ICO.

I think you should not worried too much because as I can see now , bitcoin value keep stable on $ 4200 which means Chines ICO's ban doesn't much affect on bitcoin significantly
So just keep hold your bitcoin as long as possible or you will regret

I don't know why some people worry about this. Even if ICO's are banned, I don't think there is concern about cryptocurrencies. Cryptocuurencies have been accepted by lots of people as a decentralized method of payment with lots of benefits and its success is not related to ICO's.

I honestly don't see a reason to panic about the ban. Chinese government's decision will not cause any damage in long term. Markets gonna be fine in no time because this industry is now very powerful in terms of economy and it will take more than one country to stop it.

Read this

http://www.trustnodes.com/2017/09/09/bitcoin-ban-china-changing-proof-work

in some way I agree with author, Chinese gov play also with our money, but is not just that. Chinese people are so panic nation, soon one politician say something on news they react so panic. I mean what is wrong if politician and gov employee talk about something that must do in future, this does not mean that law be implemented next day after they talk about this.

I don't know how is in China, but here in Europe politician talk a lot of many laws, but until is implemented in parliament and process it take months.

The industry is powerful and the community is world wide. There are some parties that are threatened with the growth of cryptocurrency with it;s projects like ICOs. They are bankers and capitalists. The Chinese government I think get forced from bankers and capitalists who feel jealous how start ups can easily raise fund without going to banks. Banks will collapse if all businessman and enterpreneurs raise fund via ICOs. NO one will lend money from banks. That's suck banking industries.

many of people especially Chinese people getting panic when the news is release and makes bitcoin price and altcoin price is down in some market. they don't want to lose their money while their money is in crypto currency but if we can be wise for what politicians and governments said, then I think we don't have to be panic too like other people. we only need to waiting for the next news and we can hope that there is a good news for us.

to respond to the current state of ICO. ICO should be made as good as possible and minimize the harmful ICO for Investors. If there is no follow-up of the negative effects of ICO. Possible Investors will be difficult to invest in ICO. A good ICO is an ICO that provides substantial benefits to the Investor and the Results of the Project is satisfactory.

Well it may seem frustrating at first, but banning ICO from each country doesn't mean that investments and transactions are banned as well. The investors will now turn worldwide making ICO's in other countries stronger. The stronger ICO it becomes, the higher price the crypto currency becomes. I wouldn't think that China and other countries will ignore such a profit.  

My opinion overall is that the banning of the ICO would be temporary, and this time could be seen as an opportunity.

the government themselves are seeing that there are many potential threat happen in these ICO. uncredible and untrusted people starting an ICO without even having a background knowledge about what they're doing, have near to zero relation and experience, but just grabbing money already happen pretty often. That's why they want to regulate it but not banning it as banning which occurs in china is temporary.

Definitely not, being panic doesn't make any good and that is for sure. Instead, it will make things worst. Look at those people who always panic if there is a price fall. They always lose a profit and oppurtunity as well and ended up regreting. If there is situation like this, stay calm at all times.

Well, we should not panic right now, but surely be more alert. If more countries follow this ban, then it could be a real problem for sure.

I think the governments will not ban all the ICO projects, they just want to keep funds safe, and we should not be panic since the crypto market is an advanced technology that has been realized by more and more people.

I also agree with your opinion, because ico is not all anonymous,
and ico is also a new business breakthrough in the future

Dont worry,  they will surely comeup with a solution. 

More countries will evaluate their policies due to ICOs and what should take into our concern is, what if more country will follow what China did?

Yes, I think you are right, though the crypto world is very promising and will sure to have a bright future, but as you can see, too many scams and crazy market performance, so more and more counties will regulate it in my opinion.

ICO regulation is not a bad thing. It means less scams and shady devs trying to pull a get rich quick scheme and leaving the crypto market forever. Its gonna weed out these kind of people, hopeully.

Dont panic the ICO ban is for china only, becuse  they have been abuse the ICO in the china  thats the reason why banned the ICO in China,

Me too! I would not panic because it is just temporarily. I think you're right that China government ban ICO on there country in order to protect there people from abuse of the ICO, and it is better if the government should regulate the ICO that comes from there own country.

I share the same opinion as many on this forum. I don't think you should panic. There are many European and American projects that don't seem to be affected by the news. Some projects like SALT protect themselves legally by selling membership tokens for example. There are numerous projects like Atlant, Stratis that are actually very useful for the evolution of mankind, the development of new technology, the way we handle real estate and so forth. Maybe you should focus a little less on Chinese altcoins until the whole situation is over and focus more on American and European projects that protect themselves legally. I find it very useful to stay up to date with the news :)

I don't think we should be panic. Regulating ICO remove the scam ICO and we feel safe when investing.

Of course I don't enjoy seeing the price on BTC, and almost all coins actually, "crash" like this, but I think this might be an important step in order to regulate BTC and ICOs. I don't think this ban will be forever, and it's just a temporary measure to prevent further damage to governments and the population. Let's face it, crypto offer amazing possibilities, but it also allows scams and criminal activities, and humans tend to capitalize on that, so it needs regulation.

I don't think we should panic, and I will just hold my coins and the price will go up again, and in a safer way I guess. I also think it could be a good thing, because the people feel more safe, then more investors and more money will follow.

We should not panic because of the ban. We should panic because of our greed, that throws hundreds of million $ into projects without any done work. When you look at the marketcaps of good and active projects at an advanced stage and compare that with the unbelievable amounts od BTC and ETH pumped into nothing more than a couple of nice words, you better cut off your hands before investing....

I guess it was inevitable, for governments to stop and regulate ICOs. For now it was only those countries, but i guess that other countries will follow. Non government like when someone making big money and not sharing with them :P . But that also mean, that people who make ICOs will go for countries that does not have regulations of same, and they will not pay tax. So i guess everything will stay the same after sometime.

people around crypto should think about this, its not china who owned the crypto industry but the players/traders itself if we begin to panic the value
will drop but if we just let this to passed by and allow weak holders to sell their coins and wait again for more investors to come and ride with this
investment.

Sooner or later China will make regulations for ICO's. The legit ones will find a way to play by the rules, the other shouldn't ever exist all.

why should we be panic, even though China ban ico and the rumor that many exchanges will be shut down, bitcoin is not banned, the western coins were influnced littler these days, so its good news for some coins

Every country will restrict the free flow of money into the ICO market and it is expected from many ,sure there were scam coins and we needed something to restrict those fraudsters and we should see only legit players in the market rather than creating an ICO for the sake of it.The recent panic sell off does impact the market and it is hurting some of my investment in the past and hopefully it will recover in the future.

We all know that scammers / and con-artists are very wise. They know how to plan and they really study what are the in demands today. ICO can easily be scammed, you just need to have a structured and good to be true website and plans and investors will just go invest to those. Actually ICO should really be regulated.
  But i don't think this should cause panic,  develoPers will Adapt

If you live in china then yes that's the panic time for you. If you don't live in the china then forget about the panic situation. ICO are not going anywhere and it is limited to china regulations only. The impact has gotten the price lowered but it is again good stuff as you can now buy more coins and get profit once the situation becomes normal in the long run. Always take the dips of bitcoin and altcoin as an opportunity to invest more money. Don't get panicked and if you were in the situation of segwit then you must be knowing how bitcoin outperformed after getting out of it. This is the same thing happening today where bitcoin is going down because of Panick people selling everything they have and creating opportunities for those who are not scared of the situation. ;-)

if they banned ICO's to protect crypto users, is this not a good thing?

How many times BTC increases and discounts, you remain calm, do not lose the opportunity to enrich their own. All we need to do now is keep calm and wait for the good news from the community cryptocurrency.

too many people have too much vested in this ICO thingy. Just wait, eventually the price will go back up

I think  banning ICO's is only to stop the creation of scammy ICOS's that have no purpose and objectives, or don't have  the plan to stay in the market for the long time. Many investors put their money on these ICO's, and if they all go scammy, people will lose money, and that's not what the cryptocurrency world should intend to do, if they want to stick around as a currency. I think this might have decreased BTC's price, but just for some time. I believe still that in the end of this year we might be sitting above 5000$

Russia is even considering legalizing bitcoins so we have some good news there. Let's see how long it takes before people will consume this news and we see the price rising.

https://cointelegraph.com/news/russia-is-working-on-legalizing-status-of-bitcoin-other-cryptocurrencies-rt

I don't think so. There are many countries available in the world  without  China, Russia and Korea and  they don't banned bitcoin. Besides the decision about bitcoin in   China, Russia and Korea are not permanent.  They can change  their decision at any time. So we shouldn't be panic of ICO ban...

Really, is it true that russia and korea have banned ICO?

No need to be panic... I think market slowly will be recover soon

True that China and Also Russia  and Korea too have banned ICO But they are still thinking about legalizing it. and so there is a hope that they will change their decision and recognize bitcoin like other countries like America, japan or Canada. don't panic...

All this panic is caused by the fact that on the Internet there appeared inaccurate information due to incorrect translation of incoming information from China, which was translated from Chinese into English. China decided to streamline the functioning of the crypto currency in its own country. Therefore, there is no reason for panic.

Of course not, the ban of the ICO are to do away with the false ones and not with the real ones.

Any proofs that Russia and Korea banned ICOs?
What I know about Russia, is that Russia's Central Bank Issues Warning on Cryptocurrencies and ICOs. But they didn't banned anything.

People are all in fear of fake news. 1 min google search and you can find real news verified from multiple sources about russia making rules to conduct an ICO. So they are far from banning ICO's.

http://www.straitstimes.com/business/companies-markets/russia-makes-u-turn-on-cryptocurrencies-while-china-bitcoin-exchanges

Just use google you will find much more sites that will verify this. Do not panic use your brain and go investigate. The whole market is now acting based on fear instead of making rationale judgements. It's a shame but also a good moment to profit from them.

That's what I heard. If anything, Russia is pressing ahead with a legal framework for crypto and ICO's which is a good thing. Moscow Stock Exchange and Gazprom bank recently partnered with Waves Platform which is a major ICO platform among other things.

The worlds first fully regulated ICO was launched in Canada - Impak Coin.

Also, the Chinese 'news' originated from one news outlet via an unnamed source. It was enough to make Chinese Exchanges nervous, hence the market reaction. However, in all likelyhood, the Chinese will go the route of Canada and Russia and develop a robust legal framework for ICO's - or they will lose a great deal of traction moving forward.

ICO may be temporarily suspended. Disruptive technology always finds a way around restrictive regulations, so it would be wise on the Chinese government’s part to think of mitigating these fears while having some sort of regulatory measures over ICOs. From this information, smart people (whales) have just now decided to take advantage of this old news are controlling dumb crowds and are taking away their Neo at a discount

No we should not pani of ICO ban because it is banned only in China not globally.ICO is the best way of investing.

Yes, please panic. Always the best solution.

The world is so big to worry about ban on ICO in one or two countries. Besides I read somewhere that  the China ban is temporary and licences will soon be issued to startsup who want to embark on ICO in China.

The possibility of banning all crypto exchanges is real and imminent. It is not a kind of hoax or false alarm. I'm a veteran cryto player in China and please mind my word. The word is spreading like wild fire that all existing crypto exchanges shall be shut down shortly in my cointry, and I'm sorry for that.

In my opinion, this only temporary and is an effect on ICO ban initiated by china and then continued by several other countries. But, once it starts to settle down, all crypto will return to its value position. Because, optimism on cryptocurrency is stronger than prohibition of China or etc.

It all depends on where the starting piont of correction is at the first place. If it happens right at the turning point of the market circle, it shall matters much grave. On the other hand, if it isn't the matter is of minor influence for sure.

for me dont be panic it is a plan to drop. so that they can buy less. when the investors panic they all sell even they are loss.
and then they buy low. I experience when bitcoin is in the price of bitcoin is  1800usd. then here come the news the bitcoin pull down to 900usd. and I panic and now what happen bitcoin is now 4k plus usd.

China’s government are trying to protect the market from ICO scams and since this not regulated, it shouldn’t be a surprise. This crypto-currencies regulations have been expected from the experts for while.

there will be a lot of pushbacks from many countries but eventually blockchains will be regulated and so will ICO's

the technological force is too strong to be stopped

If all the rest of country ban ICO. I believe north korea will not ban it. People will need hire north korea people to host ICO.
=)) btw we should panic of bitcoin ban. some news on forbes talk about it

don't be panic stay cool man. its just issue and i think ico always be run for now price of bitcoin and altcoin up again. china ban ico is just issue to make people panic and sell their coins
so i think stay cool and keep calm

I don't know what's the plan of the chinese government.
Maybe people will have to go to the Bank of China to start trading Bitcoin after they close the Exchanges in China? Bank of China will grow faster...
And there will be surely lots of fees to pay and no anonymity. With Exchanges there was already no anonymity, but with a Bank it will be impossible to stay anonymous if they do something like that. The chinese government will be able to control every transactions if it is like this...

the condition with the customs of the profile with the partisan of altcoin business in prc

as the business helps to gains with the less on efforts comparing with as most of the available jobs position to work with the field of technical production/manufacturing operator.

that younger generation comes to the bigger city in prc as the gambling with the decision on appeals with the decision as entering field of jobs.

and using the trancendence with the aspect of evaluation that those becoming threats for the native collegues

as they used on casuals to work with the distinct on limit of displacement of value with the appropriation to the field of the origin , as older generation

has with the less on power to follows of the change/shifts of nuance as moderating message of the deliverance from the estate in prc country.

Altcoin prices will eventually go up, the thing is that there has been a lot of issues in general that affect a lot of countries economies and thus altcoins economies. One of those issues is the ICO Ban in China as you stated, but also natural disasters may play a role there.

you should be GLAD they will ban ICO's wtf

I don't think that we should panic so far, the loss is kinda stronger than before but it's not CRASH ;) The main fundamental informations that affect investors adversely were CHINA ICO BAN and JP Morgan boss speech as we can read in news. I hope these both are only temporary mood and soon investors will buy more. Future of ICO still looks bright, but if some country will ban SCAM ICO then it's a good news.

Yes altcoin price will recover again do many has sell off and do panic because of ICO ban. China has been keen to ICO to lessen those scam and being careful that may affect the economy. But all of these I believe price will soaring high again.

Panic that keeps the market down.
i think this prohibition is only temporary, maybe after this incident will be born regulations that will be mutually beneficial to the parties concerned.

I don't think so. Unless you are someone who only invests in ICO's, there are plenty of good coins and investments out there. I don't really care if ICO's stop coming in or not.

As mentioned earlier there are too many good coins to choose where to invest. ICO ban is also temporary and not all top crypto countries ban it. Some governments want to regulate this ICOs according to their laws. This might have positive and negative impacts. Positive because scam ICOs and securing investors money will surely be taken care of.

That's a strong statement. For me, I still depends on ICO to make money because investing in ICOs is quite profitable if I can predict the best ICO will be succesfull and legit. When I buy token in presale , I got the lowest price, after the token listed in exchange and pumped, that's the time I make a huge money, why I create thread "Should we panic in ICO ban?

It came out that the ICO ban in China is just temporary. It's actually a great time to buy now as I think the price will soon shoot up when people hear the news

https://cointelegraph.com/news/great-time-to-buy-bitcoin-as-unreliable-sources-from-china-spook-markets-
https://cointelegraph.com/news/china-ban-on-ico-is-temporary-licensing-to-be-introduced-official

may i know source of this news ?

Blockchain is future Technology. There is no reason to ban ICO, to ban a future tech.
They can ban exchange but we will have decentralized exchange soon
Bitcoin was born not be controlled by any government

I would be puzzled if Korea is banning ICO with that news in mind : https://news.bitcoin.com/koreas-exchange-coinone-launches-physical-cryptocurrency-exchange/

the use as exchange to gives of offers as user of coins to work with the request of transfers as cashing out coins on value with the fiat price, as more to work with the finance arbitraging auction as collecting spares with the differences on drawing as the shifts on coin values,
the chance gives of good option for developer as working with the offers as delivering service to the public audience.

Well ICO were predominately very god for the real investors because after analyzing and understanding about the coin and if you believe it will create a future demand its always advisable to invest in such coins because you are getting a discounted rate and this is where you have advantage in terms of price as you buy in bulk and sell it at later in good margins.

This will be a huge blow actually for many of them now.

According to blog posts from two of the largest bitcoin exchanges in China, Huobi and Okcoin will be closing operations on October 31. Meanwhile, bitcoin markets have rebounded to the $3640 range following the announcements.

https://news.bitcoin.com/bitcoin-markets-rebound-as-more-chinese-exchanges-plan-to-close-operations/

ICOs won't stop. Chinese won't be able to join, though..

and why Chinese wont be able to join? If you think about it most of the crypto community in China is using vpn. On the other hand the government wont be able to block every ICO out there.. if someone wants to contribute, he can find a way.

I see this as an opportunity to buy in big,  it the rules of cryptocurrency,  anthing that rise must fall and anything that fall must rise

don't be panic of this situation, for now bitcoinup again i think bitcoin go to $5000 so all of altcoin will be follow to up price asap. so wait and see in this situation :)

There should not be any panic related to the current restrictions and prohibitions in China regarding crypto currency. In extreme cases, the crypto currency can function normally without China. However, the Chinese government is not going to prohibit the crypto currency at home. So everything will soon fall into place and the crypto currency will continue its victorious procession around the world.

panic occurs due to the decline in the price of crypto. and happened a few days yesterday. all involved looks panicked. but no need to worry. everything has gone back to normal. we can see in the market. bitcoin prices start to rise slightly.

People would normally panic when they do saw declining prices which did happen recently and people who did bought on the high price will surely panic and would tend to cut loses which is really sad and do really happen on weak hands.Now they are regretting for sure when price tend to go back again for sure.After this China ICO and Exchange ban prices will go back up again we should be patient.

NO PANIC AT ALL BECAUSE NOBODY CAN STOP CRYPTO

In the short term it could cause high volatility and price pumps and dumps. Insecurity is always bad for investments. Long term, when everything is settled down, I think it is an advantage for every honest investor. A lot of ICOs are scam. Look at the most ICOs of the last months. The current market caps (before and after the ICO ban) were mostly lower the money they collected. If an ICO collects 100 million it is very hard to double or triple the value.

Agree no one can stop cryptocurrencies for growing. This and next year will be the year of ICOs even all countries ban ICOs ICos can run with or without regulation, banned or not banned. COngratulation to ICOs developers , bounty hunters and Investors.

Down with un-regulated ICOs. I estimate around 80% of ICOs will NEVER fulfil their promises.

The panic time is already over and the market value of bitcoin and other altcoin are all picking up, back to where it it was before the pronouncement of the ban.This has implies that bitcoin and other altcoin are all unstoppable by the government.

I don't care if China or whatever country bans ICO. I think China forbids ico for one reason, maybe a problem with tax. ICO ban is a good thing for China in long term as lack of regulation has created too many suspicious projects.
Also, the world is bigger than China, Rusia and Korea.

the different use of customs as investors to work with the manage as the early terms of completion following use of schemes with the ico projects,
as the cues on selection as those to shows on contrast with the level of appreciation as
investors to gives of reference to put with decision as attaching unit of distribution as recalling as becoming parts with the projects of the ico offers of the deliverance.

The fact of the matter is while others choose to panic sell others will choose to panic buy because they still see potential in bitcoin and some altcoins.. and I think we need to understand the extent the ICO ban goes to avoid been cheated with fud about whats currently going on ...and this is not the end of ICOs either as they are now focused on problem solving

Keep calm, don't panic. there are many country that will have positive depends to ICO and will make it back normal,

Yes, Don't panic and keep patience. Crypto indistry more than a county. It doesn't matter which county try to regulate over the ICO. People will use it, so they can't stop crypto revulsion.

ARe you livin in USA,China or russia??i am livin in Turkey.i think my goverment even don't know bitcoin.But they are so hungry maybe they can bring income tax from btc withdrawals

I do have some confusion when i do read up on whats county? Its country by the way.  :) You are actually right no matter which country would able to ban ICO and even stopping exchanges it cant really stop for those people to use bitcoin and other cryptos.This is why we shouldnt panic but those circumtances cant really be avoided specially if we are investor on peak prices.

I think we should be panicing on banning of ICOs since we arent free to make ICOs anymore without damn interference of government, but than again banning maybe also good since there are alot of shit ICOs going on, if its banned only proper ICOs will be made and much less ICOs so money isnt spread all over ICOs but only a few which makes the coins hold their value.

sometimes that investor to acts as following use of returns with the chance as best to manage the evaluation appealing the choice of selection
as the indication unit on qualification to turns as defining decision.
that with the different limit on resource as released with the investment, the use of work on analyticals to differs the level of compliance.

South Korea has become one of the world's leading markets for crypto-coins in recent months. Currently, about 10% of worldwide turnover is made with the South Korean won, the country's national currency.
FSC also plans to conduct on-site inspections of the operations of South Korean brokerage firms. The agency also cites a recent wave of arrests and closures of companies involved in counterfeit marketing campaigns on crypto-coins, which have reportedly raised about $ 22 million a thousand investors.
South Korea's ban comes in the same month that China also banned all ICOs. In the United States, the Securities and Exchange Commission (SEC) has created a task force and a Cyber Unit to oversee this type of investment offering to the market.

As we all have seen the cryptocurrencies are affected by the news happening in the world but they have always recovered from it.
So in my view there is no way to be stressed about ICO ban

i think there's no significant reasons, why ico is banned. There must be temporary to make market freeze and down for a while. Because it will risk many parties.

ICOs are getting shrouded with controversies that is why these governments are beginning to act worried that if this kind of thing will continue to exist and become rampant, people will lose so much hard-earned money for investment. The reaction is just right and timely but on a positive note, I guess a better regulatory law will take place.

we do not need to panic and fear because the issue ico banned, I am sure such a thing is only a temporary thing, all things must find its own way, now coin conditions are now starting to improve again

no need to panic, ICO can still be handled in other countries, ICO is actually very useful for technological development, technological developments require a very large cost and can be obtained from ICO.

Why we should panic as only china ban ICO and if our time horizon is long and we enter any ICO after checking their whitepaper, project and make due diligence, then their is no reason of panic and if we don't see any thing and enter a new ICO, then we have to panic if that ICO not give better results.

I'm afraid if all the countries declared the ICO banning, the economy will fall and people will suffer from this situation. All situation will back to normal, rich people will trampling the rights and abilities of poor people like me. We all want to grow and become wealthy and rich and ICO is the right word or our key to success but government restricts the growth of our poor. It is not right!

There's no need to panic, we have seen before  this kind of circumstances when china made a brutal action againts ico then followed by hk, russia and now south korea,  this kind of situation are just temporary setback, price may drop a little but it will eventually go back to its normal track.
However we must keep our eyes and ears open to this type of situation and  constantly watch chart to make a good decision to buy, hold or sell our coins and token to avoid lossing everthing.

There is simply no need to care about China now. Recently the two major Chinese exchanges shutdown. But the price is still bullish. This show all the FUD have ended and market has already recover. Now China can't play much with market. If on one hand we are getting negative news from China, then on the other hand countries like Japan and South Korea are working in positive direction. Overall, market is bullish and won't be affected much by China now. There is definitely no need to worry. Crypto marketcap will definitely touch new heights before the end of 2017.

I think there is nothing to worry about. Because there are several altcoins now that is left unrecognized. Because of the rampant scam ICO's, they will nedd to implent stricter rules on how to promote any ICO again.

No panic just yet as the sanctions are really to block the scammers, you can't really stop a good ice with a decent idea and genuine people behind it!

I am not much fond of ICO's But some of the ICO are really giving profit but current scenario we cant figure out best ICO's . As far noe Modex is looking good and having strong team to invest.

We need less interference of government.

Panic will never do you any good. It will ruin you. It will send you straight to the village

Why panic. There is a nominal process of regulation conducted by the ICO through their temporary prohibitions and the development of ways to protect investors. The amount, but not the quality of the ICO, can suffer from this. I think that over time, as a result of such time constraints, we will get an ICO with better projects and a reduction in the degree of risk with participation in their conduct.

The first reason for the big lose is panicking, we should not panic and hold for some time and take the decision. Most of the ICO are giving good returns we have to select the right one and take the right decision in right time.

There's no need to Panic if the ICO ban was implemented by only one Country unless Globally! ;)

Why should we? If ICO is ban in one jurisdiction, another jurisdiction will vecin favour of ICO. It is not as if there is one Government all over the world. There ate still many countries in favour of crypto currency.

I guess there's no reason to panic on banning ICOs and only Altcoins developers do because ICO is the only way to get and attract more investors and they want their Altcoin to be the best Bitcoin. Cryptocurrencies cannot be banned by any person, state and Government but only ICOs because coins hasn't yet circulated.

I need to worry about the future of the ico
The good ones always win
And will continue to redound

Well, do you have a choice now? No!
This is what is going to end up happening since some people have shown that without the help of government, they cannot make simple investment decisions on their own. There is no need to panic since ICO so far has only been banned in China and would end up being regulated later on and in most places. But until further notice, we just have to wait and see.

What has village gotten to do with this ? Certainly, why panic since it is just kind of temporary until we see some regulations most especially in China which has shown the highest number of ICO scammers. However, ICO does not only evolve from china and over time, some laws will end up being put in place as we cannot just expect every day to keep being Christmas, but I do not see it as anything to worry about.

Your first script is the most realistic
The number of countries that regulate the ICO will grow. I do not think this is bad. Less is fraud, more responsibility, less risk, more confidence

We should not be panic about it because not all county is banning it many of those banning it only want it regulated to protect their citizens.

I think this is not bad idea there was to much hype already. We can just do a research to clarify there news.

In fact, don't worry too much about this kind of thing, as long as you can profit in the process, after all, it is also a game of speculation.

I would only panic on ico that are scam.

ICOs have been abused and thanks to developers who are only concerned by their pockets all they do is have a nice graphics then create a token or a coin based on the existing platforms and also investors too blinded by their own selfish interest of looking for when it will be listed so that they will make abnormal profit in as much as I am not happy about this, because it affects the entire crypto industry as well as the legitimate ICOs with plan to solve a problem, government of China have said its own and the rest is on us the active participants on how we react to it

I think nowadays various attacks are done on crypto and bitcoin. this is to reduce the public's attention to the benefits of bitcoin. do not worry anyhow we can still get involved even though some countries forbid it. future, all will be involved in crypto and bitcoin.

ICOs should be regulated not totally banned,If thats happen incoming ALTs will be good like in early days of crypto.

You should not panic if the ICO that you choose is legit and have good reputation. They will just want to regulate the ICO to avoid further SCAM to their citizen.

These days ban on ico were regulated on very few countries. Some ico's are describing at the beginning that users and investors from specific countries were not accepted. This hasn't made the user network around the globe in a large scale. Hope ico with the specific features will add value to the cryptocurrency network.

the future of ICO will continue to improve, try not to panic immediately if there is such news. when China forbid Bitcoin there is news to say that Bitcoin will be destroyed because the biggest investor is there but what exactly is Bitcoin even better.

For me it will be very unpleasant news. I'm used to earning money on ICO projects. It now brings me a good income. But I think (it's probably better to say I hope :)) that the ban will not happen in the near future.

There are policies and measures to counter. There is absolutely no need to worry. In fact, the ICO really can not stop this kind of thing. You can see that many teams use the neutral green card to continue issuing ICO. Although I am not very supportive of this method, I must say that this method can indeed hide from the sea There is no way for the authorities.

I think that the ICO would not been stop,and don't need to worried about it,
the government just avoid the money flow to the outside,they are also had a lots of country support currency development

yeah,but the China would not allowed the ICO in the finance market.
the government control the stock market,and they would not allowed the money flow to the outside.
they would made the investor playing the stock to support native company.

I am not so freaked out by the news about chinese, korean, and russian stop their contributors to bitcoin. for example, until now ico keep running smoothly. I think this is not a serious threat to ico and bitcoin. there are many other countries that participate with this bitcoin. so you do not need to panic.

It was a total alarm if the ICO projects will stop operating because there are lots of people that benefits in this kind of work. I think it is a no that because of China's bitcoin operation ban in their country ICO projects will stop operating because there are still lots of countries that supports bitcoin usages so even China has already ban it, still ICO projects can continue operating.

yes, it is it should not be ban it is a good opportunity for good everyone to take part early and enjoy the benefits.

I would say no since there will be other ways for companies to get starting capitall,like startups or somethink like that.I would say that we will have some kind of regulation of icos in the near future but complete ban is unlikely