Bitcoin Forum

Share your views on why some social media want to ban advertisement on crypto related stuffs and what will happened if one day twitter also stop crypto advertisement as it is one of the most shared platform for crypto now.

Shouldnt our main concern be to have faith in such trusted names, whether facebook, twitter or google, believing any measures taken would solely be for the benefit of the users.

I really think that the reason why some social media sites are banning advertisement of crypto is because of regulations. As you can see a lot of countries are starting to ban or regulate cryptocurrency because they see it as threat to people who are investing on it because of its risk in terms of unsecured investments.

Bad news! But we still have Bitcointalk to advertise here)

There are people who take youtube videos for bounty campaigns. Will they continue to do this job? Is this the reason for the current price decline? Everything going red again :(
I think we'll see a buying opportunity :)

I think banning ads on social media not bad at all. There were many scam ico ads promoting their shit coins to unaware people. Now, it will be much harder for them to reach potential defraduers.

I think it's important to ban scam ICOs, the others should be fine.

But still, there are plenty of other sites where you can advertise your crypto so I wouldn't worry too much about it.

I bet you mean the last Google situation and also Instagram/Facebook situations in the past. I agree with that bans, most scammers should be fought that way

I think they forbidden to advertise Crypto because too many fraudulent ICO projects sprang up on social networking sites, scammed many users, so they protected their users by banning ads. issues related to Crypto. I agree to prohibit the promotion of crypto on social networking sites, so scammers will limit the spread of their plans to customers.

Like facebook they cannot monitor millions of people posting daily it will take them a lot of resources to monitor each post and beside one of us can create a twitter like site to promote cryptocurrency in the internet.

In my country banned the promotion of virtual currency but still have some ads related to Bitcoin or Crypto appear on youtube or facebook, the government in my country banned Bitcoin, but there are still many ads to investors or the people, I see this makes the code more widely publicized.

Many social medias has banded the ICO information. I used to send the ICO link in the telegram group, but now once u sent any link in the group u will get banned.

I think that one of the main reasons for blocking advertising ICO in social networks is the care of users. The leaders of these social networks are allegedly concerned about the high investment risks inherent in the cryptocurrency sector.

These networks do have a policy about what to let advertise and what not. With increase in number of scams and fraud with the name of ICO's, they did banned everything coming with the name ICO. Though it's funny to see the ICO's have came around advertising their telegram and facebook and twitter page rather than the website.

They are banning crypto ads gradually on social media platforms. First ban was on Facebook, now even Google has declared a ban. This is majorly because of fradulent ICOs coming and innocent people getting caught in it. But it will definitely affect genuine ICOs which are coming up

There are other less popular sites for advertising and communication. Perhaps the market will go to DarkNet and all ICOs will be held there. Perhaps there will be new forums. Demand creates supply. There is a demand for advertising, there are resources that can satisfy this demand.
The main thing is that this is another negative news and it will entail a decrease in the rates of Crypto-currency.

Its not the posts of individuals that is banned in facebook, its the adverts. Facebook ads are serving adverts to people who are into crypto. If you have been  in facebook and been posting about bitcoin, you will notice there are some ICO ads prompt in your feed. Those are now banned, you will never see those ads again unless facebook lift the ban.

These are just test to the people holding crypto, if they give up and sell, they are the ones who dont deserve the riches crypto can bring.

It would prevent the people from participating in some ICOs that just aims to scam people. Most of the advertisements also that I observed before the ban is that they are the ICOs that are like bitconnect. It is just HYIP again because they earn a specific amount of profit daily so if greediness strikes in people then they would surely join this kind of scheme. Facebook and Google just want to prevent something like this from happening because there are so many people who are in debt because of bitconnect. This is good because it would prevent the wrong impression of people towards cryptocurrency but for those who want to promote their ICO and are legit, they would reach lesser people.

Some days back, many people saying that facebook banning crypto related advertisements but i am doing many social media campaigns and all my facebook campaigns are working. Only 2-3 were banned by facebook due to their own reasons. No one can say that what happen in future but these ads are a big revenue source of these companies.

Yes, facebook and instagram was banned ICO advertising.
But I don't think that it will be insoluble problem for cryptoindusty

Yeah there  are lots of ICO’s that their purpose is to scam that you can see in social media,because it has no control  anyone  can put advertisement in that websites, for my opinion how about if we will try provide a website that would only cater legitimate ICO's you cannot post if you are passing necessary requirements to validate you're legitimacy.

 it twitter bans ads then it will be one of the biggest blows to crypto, Facebook hasn't necessarily banned the adverts completely, there are ICOs that are considered i legit that aren't allowed on Facebook. don't however be surprised if these social media platforms comes up with their own cryptos.

In general, it sucks, it will have a huge impact on crypto world, and it will have a lot of impact on ICOs especially, because they will have less chances of advertisment and they basically lived from advertisement

Another reason is the atrocities committed with cryptocurrency which are much publicized than the good purposes. The good reasons of cryptocurrency should be publicised also by well meaning enthusiasts to overcome the challenges on the social media.  I believe the regulations will be relaxed with time.

They do not want to be a marketing arm of some scam ICO because it is now very rampant in the cryptocurrency industry and that huge marketing network just want to protect their reputation, so it's now up to legit ICO where they want their project to advertise but this is indeed bad for cryptocurrency

Sounds bad. But we still have bitcointalk.org.

Still we are nit sure that facebook totally banned the ICO becuase there is still some facebook pages are available about ICOs and there are many ads also coming in facebook so still im confused about it.
Maybe it will not make a big impact but it will get impact on ICO sale because it is also main form of advertisement so if the ICO gets leans it will make effect in crypto currency field too.

Maybe that is another FUD for manipulating exchange rate.
However, I do not think that this will have a critical impact on the Crypto currency

Will ICO dev stop the project? ads is only part of introducing the project to mass.The most effective one is via forum and social media bounty. So the developers should be nice and fair share to bounty participants.

Its about time some of these annoying ads are remove. It takes time when trying to look for important information. Some decisions are not make to inflict pain rather to correct and protect. This is one of such decisions. When you login to facebook and see all manners of illegitimate projects advertising their ill product, you would be shocked upon review that these project holds nothing. They are just there for nothing to offer.

I think it's about regulations and some ICO scam at this moment. So, social media platform want to protect their client from these.
But, it may will be unban because we all know that facebook have a plan to create their own cryptocurrency

In last time more and more people consider the cryptocurrency as a threat, so they trying block any informations about this. But when it comes to twitter, I think that blocking currencies will not happen there

Yes, facebook and instagram was banned ICO advertising.
But I don't think that it will be insoluble problem for cryptoindusty

I think this will change the way we work in this bitcoin talk forum, then what do we do if we can not work in social media?

In such conditions, the bitcointalk platform will become very popular. If there is a demand for any service, there is always a proposal to provide this service. Let Google voluntarily renounce income. This money will go to the income of the owners of bitcointalk.I am more concerned that the pressure on the cryptocurrency community is increasing and there is no response.

All the social medias are only supporting in 10 percentage of consumers. But this forum is attract the 90 percentage of consumers so we have 90 it will reach 100 percentage soon. The current crypto market is lot of politics are occur in the market so these kind of issues are common in the digital market. I think this is temporary issue once Bitcoin is recover everything should be normal.

No,
This is not at all a bad news. Satoshi nakamoto didn't use Google AdWords or Facebook ad to promote Bitcoin. But nowadays many shit icos are using ad networks to advertise their programs. All these ICO programs would be stopped from gaining maximum exposure.

<To all the user replying to this thread>

After reading through all the above views did make me more knowledgeable on the social media view point, however currently in the bounty threads there are still quite an amount of bounty activities on social media if they are ban you think what will the ICO changes it strategy to posting at which platform or any other alternative instead of posting on social media.

that is good. many ICO project are scam. I said most 99% ICO are scam and they run too many ads. this is good to protect our investor

I think this crypto ad banning is a good step by Social giants, as many people are still very much new to the cryptocurrencies and they don't read enough and invest their money. Probably it will reduce scams and frauds which are happening to the newcomers, hoping profit for their investments.

social media bans has impacted a strong effect on cryptocurrency as they provided platforms to reach more people. but i think the influence of cryptocurrency will still be there despite the bans, we need social media, but we still can survive without it

I think the main reason remains the same and the classic.
to prevent the number of ico being abused and become a scam. this is a major factor in any ban and every case.

I think they're being pressured by the new government regulation and have to protect their interest. It is a good news in the long term as crypto related search engine/social media will gain momentum and people will start using them instead. Crypto is here to end the monopoly.

Yes Banning crypto add first start fb last month. becuase most of the people use social media so its always easy to creat negative hype useing social media . there are lots of scam ico in the market so bad people always try to do same things. i think its good to stop scam ico add on social media

I think because facebook were still studying what bitcoin is and how good or how bad it is to facebook community. The moment Crypto coin  can prove to them their worth Crypto will be back in fb. In the past few years ICO's were advertising on facebook which others are believe to be a scam so facebook now is studying deeper what is the negative and positive impact of this new technology.

What I am almost sure of is that telegram will never do it. if they have started their own ICO and create coins, they are interested in cryptocurrency support and promotion. Thus, we will use the help of Telegram.

How much time has passed since the ban on Facebook ads. During this time, I have not noticed any progress in this area. Advertising as it was, and remained. Instantly ban everything and block users who advertise ICO and crypto is not possible. Everything takes time.
And about Twitter, so this is nonsense. There is no official statement. Someone just ran the fake news into the network.

Now there are a lot of bans on the part of many countries, I think that today these are very strong measures, in order to simply prohibit and stop the spread of crypto and decentralization, I think that this is our chance guys.

Did you see an advert of Forex long ago? Depending on the country for the last 3-5 years it is forbidden to advertise Forex. So I don't think something terrible might happen. I think that a ban on advertising is a filter against idiots.

Facebook, Google and Twitter are announcing that they are no longer accept crypto and ICO related ads on their platform due to numbers of reported that their users were being scammed by fake and bogus ICOs so this is their way to avoid their users to get scammed in the future as they don't support any ico ads appeared on their platforms.
Social community media are supposed to be bringing people closer to their loved one so they don't want their users ruin their life due to their face ICO ads.

They do not want to lose profits. Maybe not paying for advertising.

Instead of taking this as a negative news this should be taken as a positive news for the crypto world. As it will prevent new users from getting hacked or phised out of their coins. Also this will prevent scam ICOs and future coins like bitconnect from promoting themselves to new users.

The social media banning these advertisements comes after crypto related companies have flooded these networks with their ads, from trading platforms to cloud mining sites to casinos and ICO which have been multiplying like crazy since last December, i personally saw this coming because i personally have grown tired of these ads constantly piping up in my profiles even though i am not that interested in investing into them and i can see a lot of people having the same issue and probably that is why they got removed, it might influence the crypto market a bit but not that much, because it survived before any advertisements were made and it will survive after they are gone.

My feelings about bans from social media are simple and clean: I think that soon they'll launch their own coin, I have no doubt about it. Everybody is following the crypto train, and they want to jump on it sooner or later

Twitter is already following the footstep of google and facebook. The main effecf of these banning from social media will be the popularity and information dessimination of the ICOs. Also less and less investors would be more interested in investing because they might think that crypto is scammed thats why they were banned.

That’s true. All these step that are being taken by governments and social networking sites against advertisements are for protecting people from investing in the new ICO’s and new tokens that may be scam or ponzi sites.

New investors usually pour money into projects just by seeing their advertisements and don’t consider the need to do research and analysis about it and finally end up losing money to some scam tokens or projects that don’t really have any utility.

Recently, twitter has also announced that it is going to ban the crypto advertisements. The recent dip was due to this news and g20 meeting news. Facebook and google have already announced that they are banning the advertisements related to crypto currencies and new ICO’s and token. I don’t think this will affect much to price of crypto currencies and their market cap.

The dip is only temporary and the market must recover soon. All major social networking sites have planned to ban crypto ads that related to ICO’s and token. I thing the advertisements of coins that are already in market and exchanges will continue to stay.

Social media is banning crypto-related ads because too many people are falling for scams.

As a result, people tend to blame these social media companies for their losses. Although it is really technically none of facebook or twitter's fault, they placed blanket bans on the entire crypto advertising industry to solve their problem and accountability with people getting scammed. There is nothing we can do about this because people will keep falling for scams if this isn't enforced.

Of course, one can advertise crypto currencies, new ICO’s and tokens by making their own site, writing blogs on them and also on forum such as reddit and bitcointalk.org. only the advertisements are getting banned and not blogs, videos and information about crypto currencies and blockchain technology.

Now people will be bind to search ICO’s and do research about them before investing in them. Also banning of new ICO’s and tokens puts the top crypto currencies at advantage as people will now start investing in those coins when they don’t see ICO’s around.

Yes, I think they will continue to do their work and the banning of advertisements has nothing to do with the content of a video. People have right to post information in video and share knowledge to other people across the world and moreover they have clearly mentions that they will be banning the advertisements of crypto currencies and ICO’s, so that doesn’t really have anything to do with the content inside a video whether it is on bounty campaign or other crypto currencies.

It became the disappointment of altcoin bounty hunters. I think it's because of various rules or prohibitions. As we know many countries do not legalize crypto because it is considered a threat.