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realm
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September 10, 2017, 12:00:36 AM |
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Blocking something is not as effective as it was back in the time when the internet was not that common. Especially when you are talking about crypto the ban will not serve it's ambition. It caused only a minor set back but i'm sure markets will turn back to normal in no time. China wants to have a control over Money flow but this is not the right way.
It can be effective if they decide to seize any bank account that relates with an ico. Let's just hope they won't. |
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"I'm sure that in 20 years there will either be very large transaction volume or no volume." -- Satoshi
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Pab
Legendary
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Activity: 1862
Merit: 1012
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September 10, 2017, 12:09:43 AM |
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vladdani
Newbie
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Activity: 44
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September 10, 2017, 01:26:06 AM |
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I think Chinese guys are really smart. They made market to go down with their news (which btw was mostly the warning, not the law), now they buy the most interesting assets and the market will change trend to positive again. But how long will they have such an opportunity to affect the global decentralised market?
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Fundalini
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September 10, 2017, 02:10:07 AM |
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The price of bitcoin went down after they have announced their banning of ICO's. No surprise about that after all bitcoin is a superpower country, thus it is given that their decision would significantly affect any concerns. Anyhow, the banning is temporary (as said by the post above me) and I have read somewhere that ICO investors are eying Singapore as a prospect for investment so nothing to be alarmed after all.
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Invester
Sr. Member
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Activity: 646
Merit: 252
PNNV.COM Live bitcoin price monitor
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September 10, 2017, 02:29:32 AM |
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China Blocking ICO? What do you think about this?
NEO Already reacted to this statement
This has been going around already for a while. This must be temporary. And if ever it stays there permanently in case the chinese government is really determined to put a stop to all ICOs once and for all, then we cannot do anything about it anymore. We cannot force the chinese government to follow our preferences. We just have to move on from this chinese wrong move. There is still a huge market out there. |
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hieuho381
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September 10, 2017, 02:55:57 AM |
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China Blocking ICO? What do you think about this?
NEO Already reacted to this statement
This has been going around already for a while. This must be temporary. And if ever it stays there permanently in case the chinese government is really determined to put a stop to all ICOs once and for all, then we cannot do anything about it anymore. We cannot force the chinese government to follow our preferences. We just have to move on from this chinese wrong move. There is still a huge market out there. I also hope this is a temporary act because if China bans ICO permanently then surely many of the next ICO projects will be affected and this will be bad for the modern industry because the ICO is trending of the world. |
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AUruHM
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September 10, 2017, 10:33:00 AM |
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Yes, really. Do not think that government are more stupid than that forum  This steps are for take decision only. And decision will be soon. And certainly more strict than we think! |
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oreits11
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September 10, 2017, 03:41:44 PM |
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those might be of one as with the assumption on focusing the shift on limit of moderation as they might tied with the strict regulation of the information
exchange as the ban policy of the prc country helps on following further as the better qualification only as from their side to gains with the chance as
entering crypto currency market as having with the "uniform trace" of customs as ready to exchange of the complex on appropriation as expending use of
unit on potentials to turns on contrast as gaining with the decision of investment.
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hyperdak
Member
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Activity: 98
Merit: 10
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September 10, 2017, 03:45:15 PM |
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China ban Exchange too.
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BChydro
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September 10, 2017, 04:36:36 PM |
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I also hope this is a temporary act because if China bans ICO permanently then surely many of the next ICO projects will be affected and this will be bad for the modern industry because the ICO is trending of the world.
It is good to have a check on things and to flush out the frauds from the ICO market and strict rules and regulations is needed to avoid those circumstances in the future and it is time that they start monitoring these big money grabs as i have seen enough scams in the past and i really hope this is a step towards more strict regulations on how to conduct an ICO. |
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ashu711
Member
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Activity: 115
Merit: 10
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September 10, 2017, 05:24:45 PM |
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China Blocking ICO this effect in crypto market temporary down but many ico launch other country so recover market very fast
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CharleneJYoung
Newbie
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Activity: 5
Merit: 0
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September 11, 2017, 02:00:02 PM |
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I do not think the Chinese government can block the ICO projects since this has been a global market and it is so promising that no one will try to stop it.
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themathiasmiller
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September 11, 2017, 02:19:39 PM |
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I'm glad there is already a confirmation that this ban is just temporary, I am badly affected by this though, I still haven't recovered any of my investments. I'm still holding most of my coins and waiting for the perfect time to sell. I really hope price will eventually be back to normal soon especially for btc. |
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Jalum
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September 11, 2017, 02:33:15 PM |
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I'm glad there is already a confirmation that this ban is just temporary, I am badly affected by this though, I still haven't recovered any of my investments. I'm still holding most of my coins and waiting for the perfect time to sell. I really hope price will eventually be back to normal soon especially for btc. It’s usually the way things work. There should be some lawyers ready to defend Cryptocurrencies and other digital assets because they need to prove to the judge that the people could still use those types of things even if the government gets rid of it. Most people that purchase ICO’s have the knowledge to use a computer and make purchases on it. The other group of people don’t know how to even purchase items on amazon without asking for help to do so. They Government just needs to work on getting more people interested in doing their own thing and when that happens that’s when things get rough. |
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DragonFire1024
Newbie
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September 11, 2017, 02:41:14 PM |
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I think this is a good step for crypto world in future.
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12retepnat34
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September 11, 2017, 03:00:29 PM |
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I think this is a good step for crypto world in future.
Maybe you're right! I think some country will also have ICO ban for the safety of there people! If China ICO ban will not resolve I think it can affect the crypto market value and for sure this is just temporary. |
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mdgabrielzim
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September 11, 2017, 03:11:56 PM |
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China has a strong influence on the currency. But it will survive even with this ban, China is huge and underdeveloped.
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oreits11
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September 11, 2017, 06:37:28 PM |
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as the regulation also to barre the chance on developer from the prc to enter market of the global partisan with the field of business
the use of customs gives with the distinct as point of reference that the better of limit as the level of moderation as they from the prc to improves
as first before to prepare with the following terms as gains with the chance of returns to join again as expending the relatives as the decision from the
global partisan as they have with the better literacy as complying of the higher shifts on attains with the moderation.
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