Do not let Chinese gov take free money off you

[Smarty14392]

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!

China made this move because it was causing disturbance in it has economic and financial order. There were total 7 participants who after a long discussion came to this decision. If they have banned ICOs in their country, I think it should not bother us very much. Let China deal with its personal matters! However, they won't harm crypto world as 80% of bitcoin trading is held in China.

[1715302635]

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[1715302635]

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[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.

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.

ICO is a process that must be bypassed to introduce a new coin, this is obviously very easy. Obviously this is very worrying, and the government has the authority to limit it. Make clear rules for investors not to be fooled. I am waiting for new regulation to make ICO more qualified.

[peter0425]

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!

China made this move because it was causing disturbance in it has economic and financial order. There were total 7 participants who after a long discussion came to this decision. If they have banned ICOs in their country, I think it should not bother us very much. Let China deal with its personal matters! However, they won't harm crypto world as 80% of bitcoin trading is held in China.

As a nation, they have the right to do it their way as long as it is confine to their backyard. But what happened is that it rippled that cause disturbance across the market. I just hope that they don't regret their decision in the end because as much as they want to protect their citizens, they are also the first to become the victim of the banning. I agree, that they have started this tsunami but why are there turning their backs now? The only reason is that economic wise. But then again, we should look at the future and not deal with it although the price is down because of all the news coming in China, we, as bitcoin enthusiast should stay positive.

[eastwind_ja]

yes , agree , Don't  let what is happening  in china  affect you ,  BTC and other good  altcoins  is the trend of  world evolution.  hold tight with what you think is valuable in future.

[arwin100]

yes , agree , Don't  let what is happening  in china  affect you ,  BTC and other good  altcoins  is the trend of  world evolution.  hold tight with what you think is valuable in future.

It's so disturbing to see the current rate and percentage of the fall for BTC and for that it can really create panic to those holders and we don't even know if there's hope for a pump for these month or maybe on next one since there is an article scattering again that there are several chinese exchange will close down there service on upcoming october and this one can already create some panic.

[cryptothreads]

Yup I always hold good psychology and decided not to sell at this time because China is doing every way to buy all the cheap altcoin and they have been successful in the past few days. I think we should have a better view of this market, if not calm then surely you will lose.

[stunvn]

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

You have to study economic and financial before posting a post like this.

Subject: Money laundry.

[Kp4everK]

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.

Perhaps this is the right decision, they did not completely ban the bitcoin, but only made a ban on ICO, and we perceive this as a complete collapse. No, of course, this has been a big influence on the market, we already feel a decline and many have started selling, but it's time to invest in coins.

[zzSunZZ]

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.

Yes , your opinion is a good one but it's really hard to gathered many people to against something you call Chinese "SEC". Ideal is just an ideal if there's no possibility to make it come true. News are coming to us included Fake and True. I think you should be smart at this sensitive time.