Bitcoin Forum

Guys what can you say about this article spreading in fb that fb will going to ban all the advertisements which related to bitcoin  and other crypto currencies including ICOs? As a bounty hunter, its seems very alarming.

Please read article: https://www.cnbc.com/2018/01/30/facebook-cryptocurrency-ads-banned--including-bitcoin-and-icos.html?__source=facebook%7Cnow

Let's wait for official confirmation from the Facebook media desk....

It has been confirmed : https://www.facebook.com/business/news/new-ads-policy-improving-integrity-and-security-of-financial-product-and-services-ads


It needed to be done, we need more ICO standards and people to be smarter. If people weren't investing in coins like bitconnect then we wouldn't run into this problem. Adoption is great, but at the same time when you have more people investing and entering the space you have a lot of people buying coins without researching.

This is a bad news for cryptocurrency because facebook is one of the best site to promote and advertise the ICO and other things in crypto world. This could be a big effect and make popularization get slow but hoping that many people continuous helping crypto currency to promote in other forum site and other social media sites.

I can see two sides to this honestly.

First, this is of course bad news to all of us crypto investors that participate in ICOs. Without mainstream public adoption in upcoming ICOs from facebook, no doubt the raised capital will be much less, potentially lowering global marketcap.

On the other hand, there are too many dodgy ICOs that whilst I'm not saying regulations are the solution (the whole point of blockchain is to avoid regulations from central authorities) - something needs to be done, most likely by the community through some form of central registrar - whereby ICOs and their teams can be better vetted. There have been too many underperforming ICOs recently that have been heavily hyped, costing investors a lot of money. This will be more of an issue if this bear market continues.

I think the cryptosphere needs some more time to mature and gain trust, and the dodgy ICOs somehow prevented, to prevent mainstream investors getting burnt more. If they continue to get burnt this will only give crypto as a whole a bad name as people tell one another that the whole sphere is a scam, even though of course we know better. The fact is most investors won't do due diligence.

I found this pretty interesting.  They are letting me advertise my Youtube Channel, and cryptocurrency news website and FB page, so it's not all ads. . . . At least for now!  :-\

damn I was thinking of running something on facebook, oh well/

I don't think they should ban any advertisement concerning Cryptocurrency.. I've been blocked several times and I keep posting. Lol

This was expected to be honest.
People were taking advantage of it. Why not just do simple and legit ads instead of "Invest in our ICO for 100x profit"?
If everyone used them as it should, probably no ban.

Exactly. This is what I thought to be the real reason why Facebook banned all ads promoting ICO or anything related to crypto. Maybe they have been pressure by the government for all we know. However, when crypto booms in the 3th quarter of last year, there are a lot of scammy ICO's that sprout out like mushrooms. And the unsuspecting victims all fell for them because of the promise to give them huge dividends. Its also hard to filter out scam vs legit and trusted ICO's. They are evolving as well. So with Facebook banning them, it will be really hard for scammers to advertise their ICO as Facebook is the #1 social media right now. Although they still have other options to promote it, I'm sure that all other social media will follow what Mark and his company has set as precedence.

Let's hope that its just a hearsay , because if  it is true, then it can affect to our bounty hunting . FB is one of main social media in bounty campaign.

Me too. I hope this news is not real. I cant imagine how it can affect to the social media bountycampaign. Through all social medias,  FB is one of the most effective and active in advertisement in crypto these days .

People who want to advertise cryptocurrencies can do it using various methods either on Youtube, Instagram, Twitter, and so on. They can pay famous Youtubers and tell them to say something about cryptocurrency at the end of the video, thus crypto will be well-advertised and without any problems.

People do not care about Ads on fb even if they are about cryptocurrency. Personally, I do not like seeing them on facebook. They are very annoying. And I believe they have already banned those Ads from fb.

 
Well, we are different. I like the way I saw many crypto advertisements on fb which you can choose various of platforms to be invested especially those with good platforms but not so popular. The only I hated platforms which posted on fb are those  with networking system with referral bonuses. Facebook is an advantage to people who are new in the crypto world but want to invest a new platforms. For me its good , but spammers abused it.

I think it is not a good news not only for bounty hunter but also developer and bounty manager, facebook is one of best media to advertise a product specifically ICO in this case. If facebook is banned, then bounty manager and developer should find other social media or mass media to advertise their products. As bounty hunter, it is important to follow the instruction from developer or bounty management. Perhaps it is better also bounty hunter to assist by inputting idea or feeding alternatives.

There is nothing to worried i think. It only banning advertisements not our posts so that we can post as before. Moreover it is on discussing process, it will work after activation of company.

Facebook has banned all types of advertising in order to allow personal content.
This ban covers most companies and big brands including Bitcoin and the rest cryptocurrencies,

this make my friend scare links. haha

This is definitely going to hurt up and coming ICOs as FB is a major part of any ICOs marketing arsenal.  There are other platforms, but none as targeted as FB

Yeah, I read that and it quite caught my eye that many of these social media companies and owners don't exactly understand the principles behind an evolving and fast pace technologically driven market like the cryptocurrency. There isn't a bubble anywhere.

i dont think it's that bad, we should have more visibility on already started projects than relying on ICOs that can be scams

To be honest I do not believe that a company like Facebook does not understand exactly what cryptocurrencies are like.
Maybe they do it because they understand it too well and they see it as a treath.

Alarming for bounty hunters? I see no. There are been ICO's in the past who not rely purely on Facebook in terms of advertisement. Yes it's a big help but overall, there are lots of means to spread their respective ICO's , not just in Facebook. If all about bounty thing, the percentage of rewards for Facebook bounties is not that much so a removal of it will not hurt bounty hunters. While on the other hand, if looking at the impact of advertisements, just look in the past where ICO's exposure is not that present much in Facebook but still some ICO's became success.

And aside from that, there are ICO advertisements in Facebook that isn't good to be true. It will just lead for misleading information and conception by people about the project. So for me, that will be a good move by Facebook.

Im still on neutral side when it comes to this decision made by facebook.Talking about bounty allocation in facebook campaign it is really much lesser compared into another medium of advertisement which i do agree that there still places which even more worth than facebook to advertise on.It might have a big traffic but doesnt mean it can get higher traffic or crypto-related investors. Theres no assurance regarding on this matter.

True, only the ads were prohibited by facebook officials.
For you as a bounty hunters, you can still post or share bitcoin / cryptocurrency links, as usual.


PS : Make positive comments about bitcoin on your facebook.

Couldn't agree more. This shouldn't matter as legitimate blockchain projects should stand on their own longer term and not rely on marketing hype to be successful.

It is a matter of privacy or business related matters but for now i still can see those crypto and ICO ads nowhere an is sponsored to be shown publicly. Facebook is not the only social media that we can rely on but it is a good example for advertising their ICOs and there is a lot of social media has been used since everyone was using Facebook before. I guess a lot of complaints about of the scammed ICOs and it brings a bad reputation to everyone.

My ads for advertising my simple arbitrage app were banned :(

Bitcoin, the world's largest virtual currency (cryptocurrency), tumbled 11 percent on Thursday, to its lowest level since November. The decline occurred because of Facebook's ban on cryptocurrency ads and the growing regulatory reaction to newborn markets scared off investors.

They seem to be afraid obviously

It is definitely alarming especially with the number of people on FB currently. I do agree that these are all rumours until there is full confirmation about the ban on crypto advertising

That is true. As FB is a global link to every one.

 Why are you so worrying? Sharing and likes + comments are not banned-)

As a bounty hunter, let's be ready for whatever the decisions from fb. We need to switch to other alternative sites such as , linked in, instagram,VK which are some of bounty campaigns here in bitcointalk started accepting these platforms. ALso we need to practice more in blogging,video.. seems these campaigns has big allocations.

I am pretty shocked that Facebook did this, but I am happy. No longer will I see poor ICO adverts promising the world if I invest.

This will only empower bounty campaigns though as they will be more important to ICOs, so good for bounty hunters!

This decision does not impact the shared content, likes or posts, only the ads in the tool.
It is a decision that is not positive but aims to protect lay users from potential scam projects.

Nothing serious ,facebook  CAN'T stop the way of crypto. Crypto is a revolution like internet , nothing can stop this to happen.

As a bounty hunter this shouldnt concern you. This a ban on ADS

so is this true? i keep seeing ads of crypto

Yes, this is pretty sad news. But still I think that they are all subject to political ideas. It is necessary to support projects with decentralized servers, so that nothing could prevent the development of humanity

this is very bad news for the world of crypto and ico, because I think facebook is one of the biggest social media and almost everyone has one facebook account, with the ban ads on facebook, it will reduce the number of new investors as well

Facebook as a company believe it's their duty to protect their customers interests. I would say that my own opinion falls differently in thinking that it's actually their responsibility to vet those who choose to advertise with them. But it's there own choice.

With greater regulation coming in to place in the market we'll hopefully have less and less scam ICOs and then facebook may open ad's again.

The sad news, but I place ads as before, while everything is fine.

Seems facebook have changed their decisions? What do you think? At this time, we can still allowed to advertise our bounties there. i think its a good sign.   Hope they will not totally banned crypto ads in fb, only those suspecious ponzi schemes and scam coins.

What a joke? CEO Facebook said half month ago "I like it ICO and we will be study it" then throught few time Facebook banned ICOs lol.

Yes, I remember half a month ago when the founder of facebook said he liked the cryptocurrency, and I thought facebook would launch its own cryptocurrency.
I didn't realize that in half a month facebook had banned the ICO ads, and I even suspected that he was manipulating the market price.

I think they will not banned all the bitcoin/altcoins related ads on fb. Maybe they will be more strict now on it to minimize the advertisement of scam platforms or ICO's. On other hand, some of the bounty managers here in bitcointalk are always ready , I observed some of the  bounty  campaigns now have no facebook bounty campaign category.

I hope that it will be not with reposts and posts about cryptocurrency and ICO. I don't care about official ads but trend is not so good for us.

I think facebook didnt really banned cryptocurrency and ico.. Facebook just become more strict to all the links that was posted.. Links should be ramdomly posted at a time to avoid facebook to delete post and consider it as a spam... I can still post links and bounties without getting deleted...and avoid posting same links to groups facebook may delete it.. Based from ly experience...

If this news is real then it is a very very sad news, as for all we know Facebook has the largest community in social media, it will be a great help in educating people with bitcoin. Or maybe their jealous because people were more busy in bitcoin rather than a Facebook thing.

I can't say I blame them one bit.

There's a booming economy behind all this spamming, and we all know the hows and whys, because a lot of the recruiting for this shit happens on bitcointalk.  I have a feeling that a lot of these people's social media followers are fake, and created for the purpose of allowing them to spam for money.  And people are getting tired of seeing posts advertising these scammy-ass ICOs that they probably don't have a clue how they work anyway.  

I think it's a fantastic decision on the part of FB to do this.  The part of my that is completely heartless hopes this hits the 3rd world shitposters in their wallets HARD.  Maybe they can go out and get real jobs instead of spamming.

bitcoin and other crypto currencies can still grow even if FB has banned ads about crypto currency. crypto currency remains widespread with google and other applications such as telegram, twitter, Blog and others. there is nothing to be worried about if only the FB prohibits because there are still other social media that still support crypto currency.

Sadly for me it looks like Facebook following banksters move and considering all crypto market as a scam or ponzi scheme. But there are legit projects. Because of scammers people now think all crypto world as a one big scam.

New FB politic. It's too many ICO for now. Good that we have this link

in my opinion, Facebook makes a strategic mistake by imposing a ban on cryptocurrency advertising, it pushes its customers away

Bitconnect is one of the reasons why nowadays people are careful with their investments. Some even borrowed money just to invest on it because they saw in facebook that others did it so thinking of short term huge profits, they decided to borrow only to be swimming in debt later on. More people are scammed because of HYIPs using bitcoin spreading in facebook so it is a good thing they decided to ban it. It is only the advertisements that they are removing anyway not the pages of the ICOs but there are groups who decided to change their group names so that if ever facebook decided to totally ban cryptocurrency then they would be safe given that no one would report them.

Oh, yeah. I've read about this. This is on their "Prohibited Financial Products and Services" section. This isn't surprising, in my opinion, because this is how every major company deal with such financial services advertising. Coins like Bitcoin, Ethereum, and Litecoin took this as 'intentional', which is true. Facebook is just speculative about the number of scams that are roaming all over its own social media-- and they're just protecting it by encouraging people to report content that violates this policy.

in my opinion it will not happen because it is a social media, in my opinion facebook will only block robot accounts that only post about crypto currency including ico

Yes, that was a very bad news for us. We make a living thanks to the Social Media campaign, but facebook is currently banning shared accounts on projects that do not have additional income.
So my job now is to do the signature campaign and make sure my income is not high. Hopefully in the future facebook will stop the bitcoin bans so that bounty hunters can increase their income.

article said, fb will ban ads related to ICO, bitcoin, crypto currency. they do not say will ban post or group, usually bounty hunters just post and share ICO account post, likes, comments. hopefully they do not change their mind to ban post and share related ICO and bitcoin

Since Facebook is too popular that it easily attracts investors, and now that even those know organizations use crypto investing, the only sad part is even they gained popularity some still thinks of scamming people, this what advertising too much in social media were restricted. But I still can see crypto adds on FB.

That is also what i'm thinking based as we axperienced in facebook nowadays that they quickly banned all suspicious posts counted as spam in their system.Sometimes , they miss-lead the posts which they removed, their system detected it as spam, so all you need to do is to message them and they will going to put it back.

for me it is okay for Facebook to ban all this ads, this ads only gives a bad impression of cryptocurrency because most of this cryptos are only scams that people generalize cryptocurrencies as scam which is bad for its image.

In my opinion, Mark Zuckerberg and Facebook are preparing establish their own coins, so they ban crypto advertises.

Because a lot of the ICO project is fraud, so facebook complaints by many users for certain, so they banned ICO advertising is also a normal phenomenon, but now I can still see the ICO ads on facebook,hhhhh.

I think this is only for a short time because Facebook can not ban all ICO projects. If banned from the ICO, facebook is likely to lose a lot of good profit and difficult to attract new users in the future. I hope Facebook only bans ICO projects that have scams and should promote the ICO project with good potential

To prevent people from falling for ICOS fraud, Facebook does it to protect its users and its platform

I think that the step of banning initial coin offerings is of the same reason that they are banning bitcoin and other cryptocurrencies because after their political scandal they can take a very little risk to tolerate any ad that has to potential to have an adverse effect on their worth or credibility. Many ICOs are frauds and so this is a threat.

This step Facebook has taken may not have such a bad effect as people are thinking. If you look at the demographics that invests in initial coin offerings it is between those people who have stable jobs or are wealthy enough and who have an investment history, such people do not come on social media sites unless required so no harm may be done.

If the population will stay unaware of the advances and the new cryptocurrencies in the market, a lesser chance of investment is probable. Once that happens the incentive to create more cryptocurrencies eliminates and that may trigger the start of the decline of the cryptocurrency market.

Although the information has been spread for a long time, there are many ICO projects that are implementing advertising on facebook. I think this is just FUD, it makes the price of the altcoins drop sharply and make the traders worry. Because of that rumor that my friends had to lose more than 20k $ per person. The influence of facebook is terrible.

By the time the ban is fully implemented, it means that there will be limitation to the areas where adverts will be make, most especially for ICOs.
Presently, i am still using Facebook for bounty campaign and i am still waiting for it to be fully integrated.
What is of concern to me is that, this news caused some panics to some people and they went to dump fast, yet the banning is yet to be fully done.