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Author Topic: China just killed the ICO market. Which ones are Chinese?  (Read 5119 times)
desticy
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September 04, 2017, 10:45:23 AM
 #21

there is no projects are entirely from China. but most ICO involved chinese, like EOS, Waves, LakeBanker etc...

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September 04, 2017, 10:47:48 AM
 #22

Can we compile all the major Chinese ICOs that will be affected by this at least temporarily.

only ones I know for sure are NEO.and Walton.
For sure there will be many ICO's that are backed with chinese that will be affected by this. One good ICO that might have been affected by this which has just finished days ago is OPUS, For sure it will also affect eth's price because the demand for buying eth will go down because of this. Even if that is the case, I think it wouldnt affect market that lot because there are only a few dozen coins that is backed by Chinese.
PenStand
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September 04, 2017, 10:53:52 AM
 #23

According to the following article, they've decided to crack down on exchanges as well, which is probably the reason alts are falling so much:

https://techcrunch.com/2017/09/04/chinas-central-bank-has-banned-icos/

Quote
A notice from a committee led by China’s central bank [link in Chinese] today announced an immediate ban on ICO funding, which has “seriously disrupted the economic and financial order.”

Financial news site Caixin reported [link in Chinese] reported that the committee has prepared a list of 60 exchanges which will be subject to inspection and a report. In the meantime, there will be an ICO freeze in China.

Here is original Chinese language link with 60 coins listed on it.

   http://m.finance.caixin.com/m/2017-09-04/101140069.html  

Most coins writed with Chinnese language. This make me think there is no top 50 coins on this list.

Maybe someone who now Chinese can correct me.

This is a list of ICO platform, not for coins. As far as I know, only the ICO platform is stopped temporary so far. The exchange is not in the list. There should be an emergent discussion between some Chinese block chain companies, we are still waiting for the details.

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September 04, 2017, 12:04:57 PM
 #24

Chinese government is scaried about people gettin rich

Honestly maybe part of the reasons aswell as fear of losing control. Such fears are  mostly ideological and selfserving.. . rarely based on common sense. Developing countrires hate creepy new technologies. When the technologies do well, they end up "copycating" them  to avoid losing out

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September 04, 2017, 12:18:48 PM
 #25

Definitely more bad news are on the way which will in turn cause more FUD and panic Grin Whatever happens keep a HOLD of your altcoins and don't sell!!!
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September 04, 2017, 12:33:43 PM
 #26

According to the following article, they've decided to crack down on exchanges as well, which is probably the reason alts are falling so much:

https://techcrunch.com/2017/09/04/chinas-central-bank-has-banned-icos/

Quote
A notice from a committee led by China’s central bank [link in Chinese] today announced an immediate ban on ICO funding, which has “seriously disrupted the economic and financial order.”

Financial news site Caixin reported [link in Chinese] reported that the committee has prepared a list of 60 exchanges which will be subject to inspection and a report. In the meantime, there will be an ICO freeze in China.

Here is original Chinese language link with 60 coins listed on it.

   http://m.finance.caixin.com/m/2017-09-04/101140069.html  

Most coins writed with Chinnese language. This make me think there is no top 50 coins on this list.

Maybe someone who now Chinese can correct me.

This is a list of ICO platform, not for coins. As far as I know, only the ICO platform is stopped temporary so far. The exchange is not in the list. There should be an emergent discussion between some Chinese block chain companies, we are still waiting for the details.


Ah yes, sure. They banned platform for ICO rise not any of coins on exchanges. So I dont understand the FUD and panic sells atm. It is bad news offcourse, but I think they will allow ICOs latter. As it was with SEC before.

Chinesse government try to understand how to act further.

Also china investors can still buy offshore ICOs. It is not prohibited.
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September 04, 2017, 12:36:40 PM
 #27

keep calm and hold on for dear life
speaktome
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September 04, 2017, 12:38:29 PM
 #28

Can we compile all the major Chinese ICOs that will be affected by this at least temporarily.

only ones I know for sure are NEO.and Walton.
For sure there will be many ICO's that are backed with chinese that will be affected by this. One good ICO that might have been affected by this which has just finished days ago is OPUS, For sure it will also affect eth's price because the demand for buying eth will go down because of this. Even if that is the case, I think it wouldnt affect market that lot because there are only a few dozen coins that is backed by Chinese.
To know that with more accuracy only remains to wait,as new information arises,this will certainly mark the evolution in the prices.

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Fatoshi
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September 04, 2017, 12:39:19 PM
 #29

none
these chinese and korean markets are pretty much fake
these morons calling them self experts need to get their stupid head out of cow poops. korean and chinese market in this crypto world is very very small but their egos are pretty huge!


Why are they fake? Plenty of morons in the West investing in crypto just the same as asia.

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September 04, 2017, 12:50:59 PM
 #30

none
these chinese and korean markets are pretty much fake
these morons calling them self experts need to get their stupid head out of cow poops. korean and chinese market in this crypto world is very very small but their egos are pretty huge!


Why are they fake? Plenty of morons in the West investing in crypto just the same as asia.

small market with huge fake volumes. if you don't know the true then you shouldn't invest. nuff said, do your own dd.

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gav wood - the father and creator/coder of piece of shzit etherieum platform - http://gavwood.com
butterin vitalic - the little freak scammer left to take care of broken shzit platform which he is forking nonstop - he don't even believe in crypto so is gav wood before he made millions. https://bitcointalk.org/index.php?topic=1979233.80
Savik
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September 04, 2017, 12:55:31 PM
 #31

This has no effect on coins that already completed ICO. Just hold and buy more at these low prices.
aretebit
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September 04, 2017, 01:14:53 PM
 #32

This has no effect on coins that already completed ICO. Just hold and buy more at these low prices.

Yes I agree, but the fun fact is that Chineese government said that all ICO's have to refund the money to the investors  Grin

Dirty evil government thieves: Return me my money!
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September 04, 2017, 01:35:21 PM
 #33

The Chinese had plans to regulate the market for sometime. They are afraid of anything which can have an effect on their super strict controls or disrupt their currency manipulations.

For example even in the domain name space- china made regulations that certain TLDs cannot be sold there unless they are regulated. Totally different but just proves they want control over everything.

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September 04, 2017, 01:38:55 PM
 #34

mmm good buying opportunities!
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September 04, 2017, 01:44:04 PM
 #35

This has no effect on coins that already completed ICO. Just hold and buy more at these low prices.

Yes I agree, but the fun fact is that Chineese government said that all ICO's have to refund the money to the investors  Grin


I would say that is very unlikely to happen

Chris
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TheFriends
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September 04, 2017, 01:56:34 PM
 #36

Such a ban on China to ICOS will not affect anything!
VanDeinsberg12
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September 04, 2017, 02:00:39 PM
 #37

You guys really think that China control the whole ICOs world that their decision to ban these ICOs is the same as doomday for cryptocoin, that's a hell wrong thinking.
as you see that rich asian is not just in china and as I've seen that they're spreading across this world. such rules for those rich bois will do nothing.

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September 04, 2017, 02:07:35 PM
 #38

 in short-term view the regulation is bearish, but its positive for long-term, since many scams will disappear in the regulation, and projects on the ground will get more attention and be well known

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September 04, 2017, 02:09:32 PM
 #39

I found the following list of banned ICOs:

http://img.caixin.com/2017-09-04/1504490975367617.png

Click the image to enlarge it.

Most have Chinese names, some have English names. They seem to be pretty obscure.

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September 04, 2017, 02:16:37 PM
 #40

Whatever happens, I don't care. Though people freak out and sell, and you can see price goes down very hardly. But, I just loaded more coins, this is the perfect time! I'll HOLD them for long term and happy to holding them. Only Holding is making me happy. My advice, Don't panic sell, If you do, you never should have invested in this volatile market.
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