Bitcoin Forum

Some say that the ban will affect many ICO fund raising as much as causing 50% less tokens raised. What do you think?

I really hope, that many shiitcoins will be gone.

It will certainly have an effect but he world is a large place and although China plays a huge part I think we'll be alright.

No It did not. It is better now, we can enter ico and sell that to them

It certainly will have an effect, but 50% is too much or temporary, such drop will require some other countries/organizations following suit.

ICO ban by China and other countries has effect to ICO in general. However, this ICO trend will not be stopped because It is a new way of raising fund for start up. Now, Can you imagine a start up can raise more than 5 million in one month of ICO. If they proposed to borrow money from a bank, how long will it take and how much interest they should pay for. I think ICO will continue growing with or without China and friends

They will keep going with or without China. Red Pulse delayed their ICO due to China regulations, but I'm sure they will still go forward with it sooner or later regardless of China.

This way or another way, we must find a way to escape from restraint ICO development that China has imposed. I really headache when looking at the market in recent days. ICO is paused or stagnation, BTC and Altcoin then dropped a serious.

yes that's for sure. because their money there is at stake. but there are those who already.
I am sure they are ready with the risks.

Obviously, Chinese ICOs are dead. Not sure how many Chinese investors participate in non Chinese based ICOs so for the rest of the world, the effect may be minimal.

there are still many promising icos based out of other countries

personally, I am very excited for Swarm.Fund ico

https://www.forbes.com/sites/giovannirodriguez/2017/08/16/can-swarm-fund-help-the-cryptocurrency-market-finally-enter-the-mainstream/#3c562d2f2e77

It can affect ICOs in short term because of those who panic and don't want to risk. But everything goes back to normal very soon. By the way, I don't think ICOs ban in China is permanent

The ban mostly hurts local developers, who may just look elsewhere to raise virtual funds for their new digital world start-up projects. ICO's may be dead in China, but they're not dead in other countries..

It will definitely effect all the Ico happening recent successful Ico indorse returned 7000 ether for their Chinese token contributor. But it's good there is lots of crap Ico with only scam intention are coming so it should be regulated.

Maybe. Because China is one of the most powerful country in the world. But some say China is developing blockchain technology. I think everything will be alright because there are other powerful country in the world that will keep bitcoin up in the air.

do you guys quality ICOs will raise more or much less now that the ban is instituted?

Not much, for example kin raised 328k ether so far. Maybe they would raise 600k without china ban but not important both are enough for kin.

It probably will affect ICO's from raising huge amounts of money but it will also help projects that have been around for a while.  Less money into ICO's means more money into current projects. 

To my knowledge the China ban will mostly effect the flow of capital into Chinese ICO's. There was a ridiculous amount of ICO's happening China - To a point where investors didn't even care what they were buying into - Explanation of ICO consultant in China - https://www.youtube.com/watch?v=Gx7qjIpQHgc&t=36s

It will have an effect and obviously we can also see the effect, many shittycoins will now be stopped from growing and more chinese investors will focus on current coins that really matters.
I thought ico ban on china will also affect bitcoin's price, yes it did but as i can see now bitcoin's price is now rallying upward.

The list of coins (ICOs) are too crowded. This ban, could have eliminated a few of them if it did really work. However, I don't think this will be the case.

The banned is going to affect many ico project and currently most of the project from China has a price down over 30%. I think in the long run we would appreciate what Chinese government's regulatory agency are trying to do now as most people even shop are now opening ico up and down to raise capital for business that has no strong foundation.

I don't think that the Chinese ban will affect ICOs in any way. ICOs will still continue with or without China. Do you reckon what happened with the SEC ICO regulation for US investor, at first we all thought that the US ban was going to affect ICOs in general but nothing happened. This will happen with China too, the world is too big and can do better without the influence China or any other country. ICOs will not vanished because one country decided to ban them. ICOs are a good way for upcoming projects to raise funds so that they can develop their project. However, there are a lot of scams, and if this issue persists, I see a lot of countries banning ICOs in the near future.

How do, then, the investors from these banned countries invest?

Two ways: 1) Most ICOs will ban (or are already banning) Chinese residents from participation. One thing Chinese residents can then do is fire up a VPN that says they live in Canada or something and invest that way. Asking if you are a resident and IP-restricting is pretty good legal CYA. Delivery is electronic, so there are no major issues here if all parties keep quiet.

2) Bigger ICOs will start seeking regulatory approval from the Chinese government (and for that matter, the US government). With a regulatory rubber stamp of approval, Chinese investors would probably flock to invest.

But how do you cover ur ass, the ICO sites want a passport upload

I do agree with you, the ban has saved some people their life savings, what I see in the space is that most of these people do nothing to research the project they want to invest into, just follow the crowd wisdom which most of the time always wrong. I know the noise is coming back but for now there is sanity and fear in the space

Well maybe if China will be banning all related things about crypto the shitcoins will be lessen.
Like we have hundreds of altcoins and just few of them are really have worth and some are just created with some ICO that China had raised.

Of course it does because chinese will now be f*cking afraid to invest in ICOs. That is the bad thing here. This country has so big a population involved in crypto. Before, people coming based in the US and Singapore are the ones that are oftentimes not allowed to participate in most ICOs.

They will just buy after ico which is good for me !

China does really have give some effects regarding on this ICO ban but same as you said the world is a big place and China isn't the only one who is engage on cryptocurrency ICO's which we would really be just alright and would able to stand no matter what the things they would do.Its just a single Country thinking off there are still lots of country left would potentially still support.

The question is not if the ban has affected ICO fund raising - it definitely has. The real question is how much has the ban affected ICO fundraising?

Only for projects located in the region of China are affected by the impact of this move from the government. Also the remaining projects will not be bound by that

Most big icos are corporate funded, not from Chinese investors unless the project originated in china.

yes, the restriction effect on china country is more for crypto. bitcoin and allcoin have decreased quite hard.
this is the effect of some state bans as bitcoin users.
but for him today the market is starting to stabilize. and bitcoin slightly increased.

The ban in China to hold an ICO, of course, will affect the collection of funds for it, especially at first. In the future, Chinese investors will find a way to invest in it, there would be a desire. As for the developers of the new ICO projects, as far as I know, Japan is ready to tackle the new ICO and fill the niche formerly occupied by China. So the world can do without China.

The recent shake down and the banning of ICO from China will affect the crowd funding of the tokens during these period as people will be more skeptical in their investments and would rather hold back their investments rather than going with the flow as we used to see earlier and i am waiting to see how this shapes in the future.

If the ICOs projects are for Chinese people yes, the China ban affected ICO funds, for example if there are ICOs projects be builded based on neo's platform it will get a little amount of funds ICOs funds, but will be different with the ICOs projects for international costumers around the world, the Chinese government ban won't affected to ICO funds rising, so actually depend on the marketing of ICOs projects from the developer of team.

Hopefully ICO and Tokens made illegal worldwide. Would make less scams.

It is not true to say that China completely banned ICOs.

They want to regulate it because a lot of money is involved in that market and because indeed, scams are going on and most importantly for the Chinese government, ICOs and cryptocurrency, in general, helps Chineses residents get their money out of the country in a hard to be controlled way.

It will be legal in the next 6 months or so but only under certain restrictions and guidelines. Most other countries will also apply such rules. I mean come on, that is really easy to forecast. Governments are discussing it but need a few years/months until they can act.It is always the case with governments, they need a relatively long time but finally, they react to stuff like that.

That is true. ICO is getting crowded with so many coins being offered at the same time. It is getting hard to tell which one is going to function well after the ICO and which one is offered for the sake of pooling over money. But this is still affecting so bad the entire reputation of ICOs in china.

Hardly it is. I think this kind of politics won't bring any changes to the amount of ICO fundraising. May be a little.

Absolutely.

many ICO had remove or restrict investors from china/

Apparently some Chineses use Telegram to trade Bitcoin. So i think, they still can participate in ICO. I found that on bitcoin.com:
https://news.bitcoin.com/chinese-investors-to-trade-bitcoin-over-the-counter-via-telegram/
And also in this website, they also mention that Morgan Stanley invest for 3 million in XBT shares which track the Bitcoin prices.
https://news.bitcoin.com/after-the-boss-calls-bitcoin-a-fraud-jp-morgan-buys-the-dip/
But China seems very serious to track fraudsters. So they need to be really careful. If they get caught, i don't know what they risk. Maybe lose everything?
And they can be scammed this way too by people doing the intermediates with Telegram.
It is safer for them to go outside of China i think if they want to trade.

99% or even 100% of recent ICO's will fail. Why? Because they don't need blockchain to implement their idea. It is only hype and method to raise a lot of money in minutes. That is the driving force of ICO's. Not technological innovation.

I think this will limit the speculative market, while the market of real ICO investors (long-term) will be more accessible.

I don't think the China ban affected to ICOs funds raising, it is just affected to the digital coins based on smart contract platform are like, ethereum, ethereum classic, Neo, EOS and other altcoins. Their price went down but just for short term, we can see right now the digital price are going up again, actually the factors that makes ICOs funds is the fundamental of ICOs projects and the comunity of ICOs projects.

Only affect ICOs ICOs which are located on China. Other ICOs still live well. Many of them have increased the price significantly so that I do not think that it make a huge change on the market ;) Everything seems back to normal now so that we do not need to worry about that

I think it is, because many of ico are based in China. People in China are depending in the crypto, so they have a large percent in funding and raising in ico, many are bussinesman and woman that are funding in the crypto think about what can China give in crypto.

It has obviously had it's effect already.
Depending on regulations it might get even worse, is there any more detailed info available yet?