Bitcoin Forum

I read this interesting articles and thinking what will the effect of this in the bounties that needed some social media campaign. This is part of the article "Facebook announced a ban on advertisements for "binary options, initial coin offerings and cryptocurrency." The blanket decision is part of the social media giant's efforts to prohibit ads for financial products and services "that are frequently associated with misleading or deceptive promotional practices."
If you want to read the whole story, just check this out. And tell your insights

https://www.cnbc.com/2018/01/30/facebook-ban-on-bitcoin-ads-latest-in-very-bad-day-for-cryptocurrencies.html

Well it would be hard for nee currency to makes it way to the market and for people to invest with it.  As to the decision of facebook to ban cryptocurrencies on their site maybe because many of these are scams.  They are just protecting us.  Anyways, as long as my country will not ban bitcoin it is okay for me.

First of all, it is a good decision for facebook to ban the advertising of the ICO, since many ICO projects are a fraud project, so if they are allowed to advertise, they may face legal problems.
But that is bad news for the entire cryptocurrency market, where new information is not available through facebook and a lack of access to the market.

No worries,It is not going to make any big impact on the crypto currency market.Because facebook just banned or restricted paid promotions of crypto currency advertisements but the individuals can post or share anything about crypto currency.So facebook bounties are also not in any problem.

What a shame, i think mark want to make his own cryptocurrency and monopoly the ads for him self, its just my opinion though. But this ads ban will make new cryptocurrency harder to improve, still much another platform to put an ad but still facebook is a big platfrom.

Good thing for facebook, because they dont even know who is the scam for every advertisement being made. Facebook will be judge like they are supporting this scams if it will still continue. Althoug it will have a big effect in the market in gaining investor in the future. But there still other social media that can still support cryptocurrencies like youtube and twitter.

Yeah,you are right bacebook banned the paid promotions only not the ICOs or crypto currency ads from individual persons.But I think it is a good thing for the facebook because lot of scam projects uses facebook for promotion to attract the investors and will run away with their money,So this ban can stop from trapping into scam projects.But I am also think it is not going to make any big impact in crypto field.

The mainstream media are presenting this as bad for Bitcoin. But it's actually bad for Ethereum.

Very few ICOs are priced in Bitcoin. Most are priced in Ethereum, and the Mobius ICO was priced in Stellar Lumens. So those are the coins that are impacted by this.

The ICO's {legit or not} are making a impact, because it is money flowing into Bitcoin. I am not saying scam ICO's is a good

thing, but it is part of the whole ecosystem. Once you take away one of the major sources of FREE advertising for these ICO's,

you also cut off potential buyers of Alt coins and Bitcoin. My question is, why discriminate against Bitcoin, if PayPal and CC's

are used for the same thing? {Stolen CC is rampant}  >:(

Maybe the big reason behind is the BIG SCAM.
In my opinion many investors cheated by scam ICO project.
Almost everyday there is always new topic arises in altcoins section that the " project of_____ is Scam."
The effect will be huge most specially to ICO that have Facebook campaign.This is just what I think.

ya, that's the fact. For Facebook, the move is the latest attempt to protect the integrity of its advertising platform, which over the past 12 months has been under fire for enabling Russian propaganda and other inappropriate content.

This is bearish news for crypto market, because it shows that a big IT company doesn't trust ICO's. Smart people already know that ICO's and altcoins are most likely in a bubble that will burst when everyone will realize that they are just worthless scams, and this signal reinforces this prediction. Also, this will negatively affect Bitcoin, because people will think that all cryptocurrencies are junk, but in the long run Bitcoin will not be affected, because it's pretty easy to spot the differences that make Bitcoin trustworthy - it's an open-source project maintained by volunteers, as opposed to startups that desperately try to sell their coin.

hi friends, with such a statement, I think it does have a bit of a powerful effect for an ICO who is using facebook as one of the media to advertise their products. but I think it will not be a big problem because there are many social media that have a great chance to serve as a media in developing product advertising.

As i understand they banned not only ICO advertisements, but they will ban fan pages and even private accounts when someone will write about cryptocurrencies. It is sick!

So, the advertisements:

The people who actually read facebook adverts will be affected. They will not be able to read one topic. People interested in bitcoin are already in. It is a known term in the financial industry since it's a breakthrough and many people, financially literate or not, have known about it. Those who are not financially educated have heard about it. No direct impact, I think it would only decrease curious people on facebook, and also decrease victims of fraud. I think it's a good decision overall.

It is obvious as of now crypto currencies are hardly regulated so many of them especially those who aren't able to raise enough funds turn out to be scam. Facebook just does affiliate but by promoting such links it is actually promoting the whole ICO and if they scam people will develop a negative attitude towards facebook. This is the reason why facebook has decided to reduce its advertisements related to crypto. However I feel this decision quite contradictory to a recent news which said the Mark Zuck is quite interested in cryptocurrencies and blockchain development and may step in this.

In my opinion, they prohibit that it does not mean that they do not accept advertising from Cryptocurrencies, if all projects are willing to pay the payment does not mean they do not accept, maybe they intend to ask for a publishing fee, in order to add revenue from every project that puts ads on social media facebook ..

The effect will be massive and we might not see large entrants into the market as much as we want in the coming days. A lot of people got involved with crypto by virtue of what they see on social media and Facebook control majority of what people do on social media and when it affects Facebook, it then means Instagram is on with it and gradually might spread to Twitter and other social media sites.

This is a big blow happening at this time and I hope they have a rethink very soon because this ban will not only affect ICOs but also exchange sites, wallet providers, peer to peer sites and everything related to crypto.

What is so hard to understand????
They've banned ads on FB! Adds are already paid, it's simply FB saying that they don't need those scammers's money.
And good riddance!!!


I hope that soon FB will turn their eyes on that and start banning accounts spamming links after links.
It's already against their rules to do that so I won't be surprised if they start playing with the delete and ban hammer.

This seems to be bad news for the companies that specialise in promoting ICOs and those launching in the near future.

thats not good to our facebook bounties.there are many people.works at social media campaign and
I think there will be a big effect to our facebook bountieners if they permanently ban the advertisement in facebook..

It would not impact earnings from Bounty campaign or limit organic reach, it's just that you won't be able to do paid advertisement on the platform.

So the main problem would be to promote the ICO and run campaigns around the same.

Well, facebook is really a good way to promote ICOs and cryptocurrencies. If ever this is true, I think marketing ICOs and cryptocurrency will be lessened. Even if there's a lot of ways to promote, there's a lot of people using facebook and facebook is one of the best way to promote and to market anything.

This does seem to be bad news for the companies that specialise in promoting ICOs and those launching in the near future as Facebook is the main source of traffic to recruit investors.  However, in the longer term, and as the marketplace matures there will be other sources that will work equally well, if not better IMO.

This might be for the best but it still wouldn't stop the scam icos or gullible people from investing in same icos.

Effect will be very big. Because facebook is one of biggest social media. If it happens ICO'S will have a very bad effect.

maybe is a little problem for all project cause maybe development for project have so many plan for their project.they can use twitter or instagram and else to promotion project.but i think for all project,dev lose 1 media promotion.

this just just for the facebook ads, the facebook campaigns like liking and sharing won't stop the campaigns though. the ICOs can still advertise on facebook by the help of the participants who are wiling to share the posts.

lesser new investors in crypto i guess would be the effect and it will slow down and low budget projects maybe.

"...what will be the effect?"

Nothing. Scammers, shills and bounty hunters will move to other SM sites.

Facebook is one of the most used platforms worldwide and due to this it has become a big hole of possible scams. I agree to prohibit the general publicity of ICOs, it is a way to protect clients, investors and themselves. I consider that only platforms with enough knowledge to give information with accuracy should allow publicity.

I'm sorry because it was a great way to get to know new ico and sponsor them. I want to hit the world of cryptocurrencies at any cost.

This takes away the freedom of the companies to share their product to the consumers.
I know that due to this the ongoing ICO scams can be stopped, but also there are honest ICO also out there in the market which would definitely be affected due to the ban of ads on Facebook and its children companies also, I believe. So this is a very childish approach to the problem, I believe that they must have taken some more time and would have made a much better decision and would have played nice in that situation.

Really good to hear that :)). I feel very awkward when a lot of ads about new ICO projects appear on my newfeed and a lot of people talk about HYIP system everyday cause I really hate this kind of making money. But for now when I want to share link from this forum or any link related to Bitcoin to my friend I need to fix the link a little bit and I feel it's a little inconvenience

I’ve read some article before or recently about mark giving positive comments on cryptocurrency. So I think this move is just isolated for those ICO having bad reputation or being so obviously scammed. This won’t affect or even give much impact for he even don’t give banning policy on all of those projects. If ever mark will or have advantage not for total banned for profit that generate through this crypto ads.

The effect of banning cryptocurrencies ads from facebook won't be good because most of the people over the world uses facebook and they all have knows about cryptocurrencies through facebook.At present there would be no problem for old users but countless new users people has to suffer because of this attempt.

This ban comes with mixed feelings, I must say. I believe it will in a no small measure hurt the crypto system. I know a lot of arguments will be put forward on how the ban will stop the so many scams masquerading as ICOs. But what about the negative effect on the growth of cryptocurrency, not just Bitcoin. We should also remember that most of the ICOs do receive payment for their coins and tokens  in other currencies that are not Bitcoin. These currencies will be affected and their market caps will expectedly drop.

Meh, complete non-issue.  First and foremost, if people have to rely on advertisements on social media for investment advice, there's something seriously wrong with the world anyway.  Secondly, if the people running these ads could be trusted to just use social media responsibly, to simply explain how crypto works, detailing both the pros and cons, while not painting the picture that it's all some magical get-rich-quick scheme, that would be fine.  But it turns out people generally can't be trusted to do that, so this is where we find ourselves.  Facebook aren't doing anything unreasonable here.  People got greedy and abused it, so it gets taken away.  Cause and effect / action and reaction / etc.

I don't like the fact that Facebook is doing this. Well, less exposure for great projects. This is just way too much of them. There's one good side though, less risk for newbies.

As many of these ads had been scams this is good decision. But Zuckerberg still is a big pos.
He can try whatever he wants, his version of a crypto currency will be highly centralized, controlled by Facebook, what means it will be pure crap and nothing people wanna do invest in.
Zuckerberg is a centralized, he can not be successful with crypto what is in so many things the exact opposite of what he is doing.

it means that all facebook bounty campaign will be disallowed. It has been ban because the facebook has only uses for referrals and campaigns.

I dont think it will have much impact. Facebook ads are quite good at being on trend for you though so I feel for the genuine ads that cant promote anymore due to the scammers!

I believe that Facebook fears legal backlash from people should most of they ICO's that they advertise be scam projects in the first place and with the help from facebook they might be actually defrauding a lot of people.

oh dear this is very bad news indeed since most of the fake-book spammers come from this site and now they
will be talking even more FUD here just to earn money from the adverts in their footers.

Yes we all know what I am talking about don't we boys

Very much effect, because all the rules in facebook bounty campaign need to share all the ICO facebook activity, so it will more hard for bounty hunter after the merit system, now facebook banned all spammer
As a bounty hunter we have to read the bounty campaign rules so our facebook account still save not get banned from facebook

I think the effect would be Initial Coin Offerings and cryptocurrencies’ popularity will decrease. Social media especially Facebook has a great influence on the popularity of ICOs and cryptocurrencies because most of the people have a Facebook account. The number of people that would be informed about their existence at the first time will be lessen.

Facebook helps a lot of people to spread information around the global, stories of someone who become heroes because of the righteous things they have done, and very good opportunity that you want also to share, but sad to say it is also used to spread lies and fake news, some scams are also place there.
If the owner blocks advertisement of ICOs and Cryptos then there is a percentage of blockage on distribution of information about bitcoin and related matter to individuals that maybe possible for prospect, like investors and buyers. Hoping for it not to happen…
In the other hand, I was thinking it was just an article on Facebook or on the internet? Maybe it’s a fake? I was waiting for any channel on TV that they will say on public….

This event might be a hindrance for those doing social media campaign especially in bitcoin. The possibility that this bounties will remove that and for those who only use bitcoin as their means to advertise cryptocurrencies will lessen their work. I dont know whats the big issue why facebook will this ads, maybe they were afraid that their name might be used in doing some sort of scam and they want to stop this as early as they can. The better thing if this will happen, bounty hunter should use other option than facebook.

It will be really bad.Because using media sites for advertising bitcoins is one of the most effective way to designate informations about it.But once it was cut, the informations about it will be limited and the chance of getting more investors will be impossible.

There is still steemit, reddit, twitter, bitcointalk and others might pop up to take advantage of the current gap created by facebook  ;D