Bitcoin Forum

Most of us in the cryptocurrency business anticipated and even predicted that 2018 could be the golden dawn of cryptocurrency. But things seems not to be going in the expected direction following series of unfavorable winds currently blowing against the industry. First, it was the aborted move by some authorities in Seoul to ban cryptocurrency trading in South Korea, followed by some pessimists remarks on cryptocurrency made by some high influence figures in the financial sphere. And then the record breaking hack of a Japanese exchange with about 530 mln dollars reported stolen. These incidences have shaken up the cryptocurrency market and significantly shrinking the total market cap from over $799bn in the first week of January 2018 to under $600bn at present. Now, the winds against cryptocurrency continues to rage as social media giant Facebook bans all cryptocurrency Ads and ICOs. Bombshell!

The trillion dollar question now is, how would these developments and particularly the ban on crxptocurrency Ads by Facebook impact our beloved industry, considering the fact that the industry and ICO promoters rely on Facebook to reach over 2.7 bn people?

I think it will only feed into the assumption that its all a huge ponzi and scam, aswell as that we're likely to see less new money come enter the market. In the longrun it only means you can buy more of the crypto's you believe will have a future impact and make a larger profit, I guess.

lol if you need face book ads to alert you to new opportunities and you have not heard and looked into btc by now you are either

1. old and don't understand internets and puters

2. lacking basic skills so are probably broke with no money to invest.




face book was good but in the end just brought in a load of freeloaders and general undesirables for this arena

face book banning anything demonstrates it is more centralised garbage ready to be made obsolete.

 

And I think there is need for ICO companies to perform credibly and live up to there bidding in other to correct such negative assumptions. Though, there are bad apples spoiling the whole bunch right now Cryptocurrency and ICOs can still prove to be the finest innovations in the global financial system and project financing. All that is needed is for the system to rid itself of bad eggs and this it must do by itself.

but can you find out where the news is about the ban? Because many Bounty companies are made into Facebook. And while there is no blocking of accounts and posts for advertising ICO.

Yes, I get your view but that's not exactly the point. We do not need Facebook to alert us of new opportunities, but we sure do need it to bring in new investors and new money into the market.

The ban was announced on Facebook's official blog some hours ago and reported by CCN.com news.

The end of shady ICOs are over now. With so many countries coming up with regulations I think we will get to see a much cleaner market from now on. No more huge scams and legit ICOs after 2018. I just hope this will help crypto and develop more towards a mature market.

I think Facebook will not do it because they raised much money from ICO ads. I look all ICO used facebook ads and google ads to promote their ICO and they paid to FB and google for that. So in my opinion not possible FB and Google ban ICO advertising.

Facebook ad ban is just news where fudsters take advantage but Japanese exchange hack and South Korean issues are genuine reason for marketcap downfall .facebook Adnan doesn’t effect cryptocurrency growth.

Mainly it will affect participants ' bounty campaigns. Advertising on Facebook, of course has a role, but not as noticeable. The price of the cryptocurrency, the ban is not strongly affected.

From a corporate perspective public interest overides profit making. And going by the report it appears facebook was compelled by a toughening SEC stance on cryptocurrency.

Already the price bitcoin is falling and it maybe due to the impact of ads ban in facebook.But ICO project are going to make more loss due to this banning of ads than the cryotocurrency because social media plays a big role in ICO sale and it brings more investors to its projects.

All of the first items you listed were of substantial significance to the crypto community. But not the last time. Facebook is mainly a source of interpersonal gossip between people within their social group. It has never been a serious source of real information, especially about anything investment related.

Everyone knows that Facebook, Google, Amazon have been propped up by the government for YEARS! The reason being, is they have helped in spying on the American people.

Cyrpto is a very real threat to their business. They will resist.

Google or facebook is a tool engine comunication to all people around the world such as searching ,browsing and sufing in any information you want it. I think the isue of baned will be resolve later on hence the message of impact addresses to those ICO project to pay some amount to google and facebook ads and may be this will be the end of fraudulent ICO project because they don't have a money to pay for that advertisement.

It means legit ICO project is not totally affected.

Facebook ban on ICO Ads in my view is definitely bad news in the short term.
It will lead to a drop in the price of the whole encrypted money market, but because ICO has a lot of fraudulent projects, it is also necessary for Facebook to ban the ICO, otherwise it will face legal problems.
Investors across the market are starting to lose confidence, so prices will continue to fall.

Well the only negative impact with this ads ban would be the promotions of these new ICOs,because facebook has the biggest part of the modern promotional activities in cryptoccurency projects.ICO managers would have no choice but to remove facebook social media campaigns for the bounty hunters leaving twitter and bitcointlak alone.

Sincerely I don't see the Facebook ban as any serious issue because taking a look at the number of investors coming from Facebook ads is relatively low compare to what bitcointalk and  telegram is offering. There are other social media platforms to promote ICOs rather than Facebook.

Many of us have facebook. Of course if you lose the ICO adds to facebook large impact on the ICO since weakened the reach of their adds. But at the same time it will be a good thing because ICO scams will disappear and there are other alternatives that can be added to ICO adds like twitter.

I am one of those who think the ban will have significant impact on the crypto community. Missing out of a market of nearly 3 bln population is great loss.

Indeed, the loss of such a big flow of publicity is a huge blow to the ICO market.
It's because of the facebook channel that new investors are coming in,

It will be a big blow on the cryptospace. But nevertheless, curiosity will still drive the market and bring in new investors and new monies.

This forum recently banned ICO ads. I'm pretty certain that has a far bigger impact than facebook does, and anyway Facebook users by and large still don't really go for crypto (they're the Palm Beach Confidential types anyway).

All the better in my opinion. The sooner we see less of these ICO flash in the pans spam our internet space, the better. The blockchain development scene is stagnating with all these impossible ICOs siphoning off millions of dollars in funds for developing nothing but hype and solutions we never knew we needed.

This is a real blow for those who are engaged in bounty campaigns.I think that everyone will massively go to twiteer. I hope it does not follow the example of Facebook. There are always hard times, but it's not worth it, I'm sure that everything will go well.

there is no impact of this ban because facebook is just a minor way to attract new investors.

most of people come to this website to see and discover crypto's. this is why signature compaigns have the biggest shares.

This will only drive crypto enthusiasts from these mainstream corporate giants like Facebook into more decentralized versions of social media. Of course this may affect the amount of new money flooding in from mainstream sources into Crypto as the banks clamp down on us and mainstream media and social media turns their backs on us and bans us crypto lovers. The war is on, do we sit and fight or cut and run? That is the big question to ask now. It's do or die for crypto lovers everywhere..

I don't think that Facebook's ban will have any major impact except for Facebook's ad revenues. But of course it can be used to make negative hype on Bitcoin by the Mainstream media, possibly for reasons of market manipulation.

I imagine it will result in less newbies investing in scams.

Cryptocurrenccy is a selfselling business.i remember the first time i heard of bitcoin and after a 20 minutes research on google i was hooked for life.with cryptocurrency Every news good or bad is positive publicity.its too hot to ignore.man in nature is greedy.no right minded person will ignore a business that gives u more than a 1000% ROI within the blink of an eye lid.sure some people get burned.but when they look back at the choices they made in their formative years in cryptos they realise their mistakes and then embark on the right part.China ban ICO and somes exchanges but Cryptocurrency instead went on to attain a market cap of more than 0.7 trillion dollars.Who Knows maybe the facebook ban will be the spring board that will launch a 1 trillion markey cap.if  the most populous country couldnt do it then a mere website has no chance.cryptocurrency is the new normal,the generatioNEXT.KIK joined,LINE is next in line ,Telegram is not far behind.Facebbok is bound to join.who knows this might be  a publicity stunt.Cryptocurrency is a past moving train with no control.u either join or get roll over.Facebook or no facebook crypto is heading to the moon.And anybody who reads about this ban and dedicate 20 minutes of his/her time to do a research is bound to get hooked like me.Crypto is like that girl u love ,hate ,fight,querrel,saperate,make up but never leave

The one thing which I appreciate from facebook is that decision. Will be great if google follow them. There are a lot of scam projects promoted by using both websites. Just by typing mixer on google, you can see a lot of scam websites in top results. Do they need promoting? Use bitcointalk or I don't care, it's not my headache. Here you can find almost every serious person + good people, so great place. It will be hard to gain trust here too.

hopefully it'll save a bunch of newbies losing all their money.

icos will probably also be hit with some heavy regulation this year in the places that count. ideally it would kill off this 'industry' completely. it hasn't come up with squat so far.

now what we really need is youtube but there's no way they'll clamp down on it there.

facebook and banned ads ads for cryptocurrency will result in decreasing investors for the ico. because we know facebook today to be a very effective social media to attract investors, all circles have facebook account and use facebook every day. it will definitely hurt potential investors and ico because they will not be able to see good ico popping up on their verandas.
but if investors want to invest they should be more careful in searching for ico an not have to rely on ads on facebook because at this time they can not access ico ads on facebook.

I think there will be no total ban on Facebook as the news said they will just block those ads and post on cryptocurrencies that telling ICO and some free tokens and for sale.
but still, a cryptocurrency project development maybe post there as long as there will no money attach or advertisement on joining and investing. NEWS and DEVELOPMENT will still be permitted to be on news feeds.

Actually it will have 0% impact on Facebook social media campaigns. The ban is on Cryptocurrency paid ads that you make in Facebook by boosting your post. You're still aloud to post and share general cryptocurrency news and updates to your own personal timeline. I like the ban and if Facebook are happy to lose advertising money then i'm guessing their was government pressure put on them.

If people really think losing some advertising on Facebook has a massive impact to crypto, then its not in a very good state.  ICO should not be a consumer product to be sold to alongside holidays, deodorant and betting.  It will raise the game of ICO that will need to focus on attracting those that understand the technology and hopefully reduce the outright scams.

In that case, the impact is going to be minimal on ICO hunters and the crypto industry in general.

I don't really think there will be an impact but I don't use facebook either so what do I know.

I agree with this. Facebook is very small place to advertise anything. There are other social media and places where you can place your advertisement. Facebook is slowly losing their trust value and they're doing all they can to blame their incompetence on others.

I was surprised, all of my ads that I paid for - were abruptly stopped. In fact, Facebook has refused a large number of money on cryptocurrency - in favor of any other sites. From the point of view of financial benefits is not a rational step, but probably it will slow down the development of the market as a whole.

For me it seems like a bad move. Even fake and scam ICOs will never miss a chance to get audience in facebook.  Nothing will happen with the fb bounties (maybe it will even become overloaded with spam, who knows). Anyway newbies will still see information about ICOs and sometimes the things that are promoted thru bounty campaigns are just a low quality spam. If Facebook want to  protect its users again crypto related fraud then it will be more wise tomoderate their ads so people could have a reliable sourse of information. It seems like they are setting the right goals but wrong ways to achieve it.

What to do: We should self regulate our industry and never leaving any room for the big brothers to come in with regulations. Any form of crypto currency regulations from the outside will be like asking the wolf to groom the sheep and will definitely kill the very essences of cryptocurrency which includes decentralization and privacy.

How to self regulate. One practical way to self regulate the industry is by using community pressure as instrument of control. The crypto industry is practically a cluster of communities of various crypto projects. Cryptocurrency forum administrators should set sanctionable rules and regulations that not only protects their individual projects but the cryptocurrency industry in general, and forum members must uphold such rules and norms so that we all have a duty to shouting down and bringing down fraudulent projects and practices.

And I think that it will not have the greatest negative impact on ICOs. There are other channels and socials besides Facebook to place the information there. For instance YouTube that is more popular with people has a lot stuff devoted to these projects and crypto. Get information there.

Facebook's ban on ICO advertising has led to fewer investors entering encrypted money markets.
In the short term, the amount of money in the entire cryptocurrency market is inadequate, and investors are losing confidence, causing the entire cryptocurrency market to turn red and bitcoin down 50 percent.

Those headlines that you mentioned is just a FUD to create panic. This kind of news doesn't matter anymore because all of this news is just temporary. There are more dramatic and more serious news in the past than today and bitcoin surpass it all. It is like a wide white paper with a small dot in the middle. You are focusing more on the small dot but you forgot that there are more space outside this dot.

I think that the problems Ads by FB are just everyday news that will pass and will not affect the market
in the long run. Since the PR managers of ICO have many other tools for the successful promotion of their projects.

I don't think there is much of an impact. There are plenty of ways to advertise ICO. You still got twitter.

I agree on you they create Fud news so people will panic in instance. There's a lot of holders and believers and it wont crash to the ground but I think whales are accumulating from dip it's like manipulating the market.

Facebook may be ban crypto currency accounts. But Facebook will also negatively effect with this ban because there are a number of social platform all the members will join other platform. ICO will also recognise other platform.

If Fb close the accounts of the companies doing an ICO, it would have a big impact. But if it is only about displaying Ads on Facebook, it won't have a lot of impact.
As we can see ICO Ads on every websites we visit.

Theres is no much difference between allowing and restricting facebook ads,ICO managers doesnt allocate too much stakes for the facebook campaign because facebook is too complicated that is changing its TOS in a regular basis,twitter is much better so it wont affect the ICO promotions.

There are many other ways for advertise. Facebook isn't the only one, it is obvious. The creators will find a different source of traffic for the promotion of their projects, I am sure about that.

Yea. But, we are talking about 2.7b market population. It does have significant impact.

what would be the impact of facebook being banned is more what I'm day dreaming about, oh my how the world would improve.
As for crypto, no serious investor is going to rely on facebook, if you are the type who depends on facebook and is swayed to jump in to crypto based on a facebook ICO ad, then you'll probably just lose money and go and tell 100 people about your negative experience.

No impact in my eyes, couldn't care one bit what facebooks stance is on anything crypto related.

In any case some investors cme into crypto through fb, and it is without doubt a good means of publicity.

i don't think that crypto needs  facebook. most of the activity related to that matter is done within the community on various formus and other channels.

i think it's a really poor decision from their end which will make them lot's of ad money. but i also dont think it would affect our market since that the ppl investing in this market mostly believe it and get their information in other channels than mainstream media.

I don't know if you indeed are following the recent new development in the space, I think good project have no issue rasing money now because most of them raised almost all their funds in private sale and pre-sale without even doing any crowsale, so the landscape has changed so much in a small space of time

Facebook did not totally ban cryptocurrency ads it's just a FUD created by those whales out there to bring down price BTC so they can buy a lot more. Facebook ban those ICOs that they look suspicious to them to prevent scamming their users. So don't worry so much.

Come on everyone we all know that it's just a FUD to bring down the price of BTC so those big players out there can buy on the dipped and that's what happen they short BTC price as much as they can. But Facebook only ban those ICOs that they look suspicious on them at they've reviewing a lot specially a link that it's not secured it's a spam for them.

The clear question here is what the impact would be on ico ads, and going by the increasing number of icos and their popularity, awareness and broadcast, i dont see any detrimental impact here.

Well, means Mark can now advertise his own crypto. ;D

There are many other good ways to advertise. FB is not the only one. Developers will find a different source of traffic  for themselves.

its all about regulation to reduce fraud ,i read about its blog its centered on bounties.

People think that facebook ending its ties with bitcoin is a bad thing but one way you can stop the volatility in a cryptocurrency by agreeing on its real value, once the amateur investors come in the real value of the coin is distorted and hence the constant fluctuation in prices occur this causes the whole cryptocurrency market to fluctuate.