Do not let Chinese gov take free money off you

[Proceed]

Guys don't let this market manipulation to take money away from you. If Chinese "SEC" has so much power to suppress NEO and ICO's down, why wouldn't they leverage it and throw some money at it and on the ICO's they already know that they will approve (unlike the other ones that they will kill). Don't let manipulating news like this influence your opinion on the greatest invention of this century.

[asyakashi]

I think this is a Chinese government regulation that keeps its people from being deceived by ICO. We see a lot of ICO emerging and worrying. All the money holders interested in joining, this kind of worry that the banking world in China is not stable.
just a stupid opinion that I give. Sorry.

[mk4]

I think this is a Chinese government regulation that keeps its people from being deceived by ICO. We see a lot of ICO emerging and worrying. All the money holders interested in joining, this kind of worry that the banking world in China is not stable.
just a stupid opinion that I give. Sorry.

Ugh. this. I see the point of view of the Chinese government. There are sooo much new and soon to open ICOs that it's getting pretty obvious why plenty of ICOs are opening. It really is easy cash for them. You don't even need a product! You just need a Wordpress/Wix site, spend a few days on the whitepaper, create a "team" that consists of non-real people, hype it up a bit on social media with some paid ads on some crypto-related website, then you're good to go. Not to mention a good percentage of those ICOs will most likely disappear in a few months or a few years.

[Bolt Brownie]

I think this is a Chinese government regulation that keeps its people from being deceived by ICO. We see a lot of ICO emerging and worrying. All the money holders interested in joining, this kind of worry that the banking world in China is not stable.
just a stupid opinion that I give. Sorry.

Ugh. this. I see the point of view of the Chinese government. There are sooo much new and soon to open ICOs that it's getting pretty obvious why plenty of ICOs are opening. It really is easy cash for them. You don't even need a product! You just need a Wordpress/Wix site, spend a few days on the whitepaper, create a "team" that consists of non-real people, hype it up a bit on social media with some paid ads on some crypto-related website, then you're good to go. Not to mention a good percentage of those ICOs will most likely disappear in a few months or a few years.

I must say I agree with you. It's exactly like you said. It's way to easy to form ICOs, and they are just generating way to much money most of the time with not real product. Since crypto is so active in China, this could really have an impact on their country. The only problem, is that they are also not allowing users to exchange BTC for fiat. At least that's what I heard, and that I don't understand.

[viewly]

China banned bitcoin like 5 times in the past, this "news" isn't even news nor has it anything to do with the recent correction in the market. People take profit in any market and that is what is happening.

The regulation calls all these fundraising techniques "illegal" when that is something they just came up with right now and will likely blow over as soon as they see how stupid their decisions are.

[Barbut]

Canada is also making some regulations about icos, and now China. But how that can stop people from investing in icos? I think governments and some banks are afraid, and they are starting to show that with this regulations. Billions of dollars are coming in crypto market and they don't have nothing from that.
What can they do to stop people from using some other ways to trade with icos and earn money on that? It can be illegal, and what? Drugs are illegal and you can find it everywhere, so what can they do? Call for war against icos?

[stromae]

China banned bitcoin like 5 times in the past, this "news" isn't even news nor has it anything to do with the recent correction in the market. People take profit in any market and that is what is happening.

The regulation calls all these fundraising techniques "illegal" when that is something they just came up with right now and will likely blow over as soon as they see how stupid their decisions are.

We can't do nothing against china. They think they can control bitcoin community, but this won't happen, never-ever. We'll be keep being free and support our digital assets. They may ban it, forbide it, we don't care.

The future will be brighter than ever for bitcoin and us.

[aoihs00]

China banned bitcoin like 5 times in the past, this "news" isn't even news nor has it anything to do with the recent correction in the market. People take profit in any market and that is what is happening.

The regulation calls all these fundraising techniques "illegal" when that is something they just came up with right now and will likely blow over as soon as they see how stupid their decisions are.

Yeah surely this is what happening in the market and Chinese are very heroic in fluctuating the economy of market. This is not good thing for us but very nice thing for china as they might be cooking something which we don't understand. This country is crazy in the things they do but they benefit themselves always. They will definitely resume everything for sure and the investment into ICO will be regular from china side for sure. Just keep our investment as it is by ignoring them. That's the best option.

[Ctn]

Yes this is why I have started investing money into altcoins more and more now. I have taken this as positive news for me because when the news came out people actually started selling off everything they had and the price dropped a lot. Which I know is just peace of manipulation by Chinese government. I don't care what China does but I know what's right thing to do at this time which is buying of more and more coins now. :-)


It's pity that most of the people fall for this and ruin their investments with shitty news. But anyway may be that's the way this market works. If such people doesn't exist then how could the price drop and let us trade more money.

[amacar2]

I am not selling any of my crypto holding when whole market is panicing with just fud like this one.
Chinese authority had investigated exchange platforms few months ago and many have sold bitcoin because they thought government will ban bitcoin trading but after a month or two this fud got over as nothing bad was published from government.

All this fud is being spreaded for chinese whales so they can buy some cheap coins.

[Vishnu.Reang]

Obviously a communist government is going to have problems with the ppl making money without government interference. Might be, Chinese trick to buy everything in the market and make domination. I guess, time to add more coins to your long term portfolio.

Crypto-currency can be a headache to the Chinese government, as they are using the Yuan which gets devalued every two or three months. People are constantly looking for an option to preserve their wealth from the devaluation of the national currency. But then, obviously the Chinese government don't want the citizens to do that.

[Coffee2015]

I read a news that there are so many ICO in China and it seems reaching buble state,
Government only wants to make sure no-one is loosing from those ICO.
Previous ICO should refund it and next one may be okay (I dont know when actually for next one to be approved), it seems temporary

[mk4]

China banned bitcoin like 5 times in the past, this "news" isn't even news nor has it anything to do with the recent correction in the market. People take profit in any market and that is what is happening.

The regulation calls all these fundraising techniques "illegal" when that is something they just came up with right now and will likely blow over as soon as they see how stupid their decisions are.

We can't do nothing against china. They think they can control bitcoin community, but this won't happen, never-ever. We'll be keep being free and support our digital assets. They may ban it, forbide it, we don't care.

The future will be brighter than ever for bitcoin and us.

China didn't do any direct harm against bitcoin. They just banned ICOs due to so much new ICOs opening that are obvious cashgrabs. I'm for their decision, because most people don't see that alot of those ICOs are only cashgrabs and scams. So it's pretty much the Chinese government helping the community not get scammed, not the other way around. I mean, people react as if China banned cryptocurrencies.

[Bolt Brownie]

I completely agree with you. I think that a lot of people took this as a fight vs crypto, but I don't see it that way. I've actually heard that they will develop their own official virtual coin, although I don't think it will be able to compete with BTC, but they surely can co-exist. The ban on ICOs was to avoid scam and money laundry in my opinion, and I support that decision. Things seem to be getting back to normal now, as BTC price is increasing again.

[maeusi]

Yes, it is like on many thematics. We saw consequences on manipulative news in politics, economy andmany aspects of life. Unfortunatelymsny do not research the news, even not read the whole news on Chinss announcements about ICOs. Why else could else even Bitcoin get a short pull back?

[rezurect]

Some sources are just trying to spread fud.
I've seen multiple articles saying bitcoin is banned in China now 

But I don't believe the government has setup this plan to buy "cheap" bitcoins lol.

[richmcrich]

Obviously a communist government is going to have problems with the ppl making money without government interference. Might be, Chinese trick to buy everything in the market and make domination. I guess, time to add more coins to your long term portfolio.

Crypto-currency can be a headache to the Chinese government, as they are using the Yuan which gets devalued every two or three months. People are constantly looking for an option to preserve their wealth from the devaluation of the national currency. But then, obviously the Chinese government don't want the citizens to do that.

Sorry to say but I disagree with you. China has legalized bitcoins; it has only banned ICOs because it was laying a negative impact on the local currency. ICOs are unregulated. 80 percent of trading is done in China so I think Chinese are actually supporting the crypto currency world.

[mk4]

Some sources are just trying to spread fud.
I've seen multiple articles saying bitcoin is banned in China now 

But I don't believe the government has setup this plan to buy "cheap" bitcoins lol.

Alot of FUD, yea, but I think this time people are spreading too much ignorance. China banned ICOs, but people are reacting as if China banned blockchain technology or cryptocurrencies in general, it's surreal. It just shows how much people invested in the crypto-economy are totally ignorant on what is happening to the crypto space. If anything else, I actually think the Chinese government is doing us a favor here. Most ICOs are just cashgrabs and scams anyway. It's funny how the Chinese government has to make the move to prevent ignorant investors from investing on shitcoins. 

[Elpeor00]

Chinese goverment doesn't care about people's money, they just see a multi million bussines and want their share, once they came with a way to tax the ICOs they will allow even the most shameless cashgrabs again

[iamTom123]

I read a news that there are so many ICO in China and it seems reaching bubble state. Government only wants to make sure no-one is loosing from those ICO. Previous ICO should refund it and next one may be okay (I don't know when actually for next one to be approved), it seems temporary

Yes, I understand the concern of the Chinese government in the name of protecting the people from being victims of scammy ICOs. I am sure that recently there had been new ICO projects flooding the market...especially in China where some ICOs are really targeting their own citizens. The ICO market has become a wild, wild west where anybody can just introduce an idea into the ICO platform and boom you can get all the money available on the table. This scenario can be the best ground for scam artists to exploit.

But then again, we are hoping that the Chinese government is not actually killing the golden goose that is laying the golden eggs otherwise they will be left behind in the cryptocurrency revolution. In other words, there can be changes in the strong stand banning all ICOs but there would be stricter rules and regulations that must be followed. China will soon be back...just watch out for it!