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Author Topic: Effects of ICO ban in China  (Read 9535 times)
nick_nick
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September 04, 2017, 11:27:44 PM
 #1

What do you think will happen to crypto currencies following the latest news on the #ban on ICO in China?

will the already successful ICO's refund people's monies to them?

Is it good for governments to ban the use of crypto currencies?


Tell me what you think about any of these.  Smiley

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wellsontheja
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September 04, 2017, 11:39:14 PM
 #2

I think if that happen (already happen) some ICO Developer will lose his investor and amount of ICO developer from china will decrease.

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September 04, 2017, 11:48:37 PM
 #3

What do you think will happen to crypto currencies following the latest news on the #ban on ICO in China?

will the already successful ICO's refund people's monies to them?

Is it good for governments to ban the use of crypto currencies?


Tell me what you think about any of these.  Smiley

They arent banning the use of crypto currencies, they're just putting forth a plan to start regulating ICOs to stop future scams and shady projects laundering money and getting away with millions.

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September 04, 2017, 11:56:32 PM
 #4

What do you think will happen to crypto currencies following the latest news on the #ban on ICO in China?

will the already successful ICO's refund people's monies to them?

Is it good for governments to ban the use of crypto currencies?


Tell me what you think about any of these.  Smiley

They arent banning the use of crypto currencies, they're just putting forth a plan to start regulating ICOs to stop future scams and shady projects laundering money and getting away with millions.
I agree to this. We all know that scammers / and con-artists are very wise. They know how to plan and they really study what are the in demands today. ICO can easily be scammed, you just need to have a structured and good to be true website and plans and investors will just go invest to those. Actually ICO should really be regulated.

May I also ask, if a country will be banning activity on the internet, can they just use VPN to mask IP address and continue with these like ICO? Especially if the ICO comes from different country. Sorry for my newbie question.

This is not an alternative account of anyone:

https://bitcointalk.org/index.php?topic=2371325.0
stupid_seb
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September 05, 2017, 12:30:44 AM
 #5

Morning time in Asia.. China will dump more (panic mode, as usual, and/or the need to have a drop in price to erase yesterday's losses), be ready for. BTC price drop.

Later, Europe, then America will buy cheap BTC and the price will rise again.

China is going nuts for no reason on BTC. The value of BTC has technically increased as it became more and more difficult to get more (fiat-cryptos OFF until further notice)

Interesting times of idiocracy...

Ultegra134
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September 05, 2017, 12:34:45 AM
 #6

Morning time in Asia.. China will dump more (panic mode, as usual, and/or the need to have a drop in price to erase yesterday's losses), be ready for. BTC price drop.

Later, Europe, then America will buy cheap BTC and the price will rise again.

China is going nuts for no reason on BTC. The value of BTC has technically increased as it became more and more difficult to get more (fiat-cryptos OFF until further notice)

Interesting times of idiocracy...

Bitcoin's price dropped quite a lot, not sure if it has much relation to the recent ICO drop though. ICOs are mostly correlated with Ethereum, hence the tokens. The ban won't affect Bitcoin, at least long term.






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September 05, 2017, 12:35:37 AM
 #7

What do you think will happen to crypto currencies following the latest news on the #ban on ICO in China?

will the already successful ICO's refund people's monies to them?

Is it good for governments to ban the use of crypto currencies?


Tell me what you think about any of these.  Smiley

Nah, that the already successful ICO will not refund the money. I mean, they are success before the ban coming so i think China investor who invest on that successful ico will not get any problem. The real problem is for the next incoming ico, with the ico ban from china, some ICO must be aware what will happen without investor from china.

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September 05, 2017, 12:43:19 AM
 #8

What do you think will happen to crypto currencies following the latest news on the #ban on ICO in China?

will the already successful ICO's refund people's monies to them?

Is it good for governments to ban the use of crypto currencies?


Tell me what you think about any of these.  Smiley
MONIES? it should be monies! Please do not shit post and construct your sentence well.

What do you think will happen to crypto currencies following the latest news on the #ban on ICO in China?
>Cryptocurrencies are safe on china, and they only ban ICO, with this news i think more chinese bitcoiners and chinese investors will be more focused on cryptocurrency specially bitcoin.

will the already successful ICO's refund people's monies to them?
>They did not yet announced something with this or they already did?, if we are basing on the news, i think no, they are talking about ICO only and not banning the existing coins.

Is it good for governments to ban the use of crypto currencies?
>It depends on their current system and current issues, some of the countries ban cryptocurrencies because it may cause to support terrorism and unobserved transaction that may impose as a threat to that government.

C
What is C?
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September 05, 2017, 01:39:48 AM
 #9

Support terrorism.This damn execuse works everywhere.World will deal with terrorism but first of all people want to decentralize everything.

Where is terrorism??
I think what just happened will just shake off scam ICOs and leave only OK ICOs thats it!

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September 05, 2017, 01:45:50 AM
 #10

I think it's a good news overall for the crypto-economy in the long run. Reasonable regulation can be beneficial for the entire blockchain industry. It could solve issues that are otherwise unsolvable, and will ensure a level of protection for users and investors and ICO project backers. This way, ICO scams will be easier to filter out, leaving room for good legit projects to gain funding and build actual, useful products or services.

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September 05, 2017, 01:51:18 AM
 #11

What do you think will happen to crypto currencies following the latest news on the #ban on ICO in China?

will the already successful ICO's refund people's monies to them?

Is it good for governments to ban the use of crypto currencies?


Tell me what you think about any of these.  Smiley
MONIES? it should be monies! Please do not shit post and construct your sentence well.

What do you think will happen to crypto currencies following the latest news on the #ban on ICO in China?
>Cryptocurrencies are safe on china, and they only ban ICO, with this news i think more chinese bitcoiners and chinese investors will be more focused on cryptocurrency specially bitcoin.

will the already successful ICO's refund people's monies to them?
>They did not yet announced something with this or they already did?, if we are basing on the news, i think no, they are talking about ICO only and not banning the existing coins.

Is it good for governments to ban the use of crypto currencies?
>It depends on their current system and current issues, some of the countries ban cryptocurrencies because it may cause to support terrorism and unobserved transaction that may impose as a threat to that government.
Can you tell me terorists who use cryptocurrency. I think you'd better proof that cyrptocurrencies are used by terorists. The most crypto is used to scam projects, HYIP and fake investments, drug dealling and other crimes include terorism. But you can't say crypto is for terorism. I don't like that crypto support terorism. I am not terorist, most members of bitcointalk are not terorists too. They are users of cryptocurrencies.

NathanJB
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September 05, 2017, 01:51:46 AM
 #12

What do you think will happen to crypto currencies following the latest news on the #ban on ICO in China?

will the already successful ICO's refund people's monies to them?

Is it good for governments to ban the use of crypto currencies?


Tell me what you think about any of these.  Smiley

I don't think there is a need to refund if the ICO is already successful. This is a new policy and it cannot possible cover those that have been successfully conducted already. Those that have invested in the earlier ICOs when this policy is not yet implemented will still receive their token share of course. The following ICOs are the ones that will be having problems now.

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September 05, 2017, 02:02:58 AM
 #13

the move by china government to ban initial coin inferring (ICO) is a very welcome development to me! if you want to start up a company you should have at least have raised up to 20percent of total funds required to run the campaign, before calling for investors to invest their money in your project, but what we are experiencing lately in cryptocurrency world is different, ICOs everywhere, it wasn't like a year ago, some sorts of individuals/group of persons will just wake up one morning, comes up with idea and the next thing they will launch an ICO project and at the end of it all they will disappear with investors money. cryptocurrenty needs to be regulated to save investors for loosing funds

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September 05, 2017, 02:28:43 AM
 #14

Morning time in Asia.. China will dump more (panic mode, as usual, and/or the need to have a drop in price to erase yesterday's losses), be ready for. BTC price drop.

Later, Europe, then America will buy cheap BTC and the price will rise again.

China is going nuts for no reason on BTC. The value of BTC has technically increased as it became more and more difficult to get more (fiat-cryptos OFF until further notice)

Interesting times of idiocracy...


And here we go $3,950...

LOL

Some people are gonna lose a LOT of money selling at this price point.

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September 05, 2017, 02:43:44 AM
 #15

As far as I know, the Central Bank of China banned only the ICO, which they planned to commit. At the same time, those that are being conducted now should not suffer. Can developers use VPN protection to get out of the ban, theoretically yes. If you do not need to show any other binding to the country where the ICO is conducted. However, I think that later will introduce additional conditions that would preclude such an opportunity.

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September 05, 2017, 02:46:51 AM
 #16

the move by china government to ban initial coin inferring (ICO) is a very welcome development to me! if you want to start up a company you should have at least have raised up to 20percent of total funds required to run the campaign, before calling for investors to invest their money in your project, but what we are experiencing lately in cryptocurrency world is different, ICOs everywhere, it wasn't like a year ago, some sorts of individuals/group of persons will just wake up one morning, comes up with idea and the next thing they will launch an ICO project and at the end of it all they will disappear with investors money. cryptocurrenty needs to be regulated to save investors for loosing funds

No, cryptocurrency does not need to be regulated to keep investors from losing their funds.  ICOs need to have a set of standards in place that they can be held to to help make sure that the people putting forth the ICO aren't running a scam.  If you are thinking of investing in an ICO you need to do some research before leaping in.  If their website lists their team by the first name with no social media links then it's safe to say you can avoid that ICO.




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September 05, 2017, 02:48:07 AM
 #17

Morning time in Asia.. China will dump more (panic mode, as usual, and/or the need to have a drop in price to erase yesterday's losses), be ready for. BTC price drop.

Later, Europe, then America will buy cheap BTC and the price will rise again.

China is going nuts for no reason on BTC. The value of BTC has technically increased as it became more and more difficult to get more (fiat-cryptos OFF until further notice)

Interesting times of idiocracy...


And here we go $3,950...

LOL

Some people are gonna lose a LOT of money selling at this price point.


It easly can go to ~3500 and a lot of people wiil sell at the lows because they will think this is the END and bitcoin is a ponzi theme. But those who had long positions from 4-4.1k in margin trading then it's not funny for them anymore and even to sell right now could be better then to lose all the deposit if the margin call is near.

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September 05, 2017, 02:58:03 AM
 #18

China ICO ban may jolt ICO market for a short time but , quality ICOs will still see uptrend via Hongkong, Singpur etc . one of such good project is Ambrosus The combination of the maturity of the technology and the brainpower and creativity of participating actors provide a unique and clear opportunity to build a bridge between Ethereum and the food sector.
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September 05, 2017, 03:01:17 AM
 #19

the move by china government to ban initial coin inferring (ICO) is a very welcome development to me! if you want to start up a company you should have at least have raised up to 20percent of total funds required to run the campaign, before calling for investors to invest their money in your project, but what we are experiencing lately in cryptocurrency world is different, ICOs everywhere, it wasn't like a year ago, some sorts of individuals/group of persons will just wake up one morning, comes up with idea and the next thing they will launch an ICO project and at the end of it all they will disappear with investors money. cryptocurrenty needs to be regulated to save investors for loosing funds

I agree. Some regulation is needed. A lot ICO from last years and this year are gone. Those people need to held accountable.





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September 05, 2017, 03:16:57 AM
 #20

China only prevented people and organizations from laundering and scammers. Since ICOs are established and China really let ICOs in their country, I think the best way to do is investigate those who are scammers and let them outside the organizations. You cannot prevent or stop people in using or investing in alt coins. There are many alt coins that people have trusted for years.

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September 05, 2017, 03:51:58 AM
 #21

The Chinese government has always been loyal to the crypto currency, and therefore I believe that the ban on holding an ICO is not an attack on the whole of the crypto currency. Apparently, we are talking about streamlining this process and its release from scammers. So in this prohibition there is nothing terrible.

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September 05, 2017, 04:03:57 AM
 #22

The Chinese government has always been loyal to the crypto currency, and therefore I believe that the ban on holding an ICO is not an attack on the whole of the crypto currency. Apparently, we are talking about streamlining this process and its release from scammers. So in this prohibition there is nothing terrible.
I dont think Chinese government like crypto currency. But they will want control it or do something like that. Look at their FireGreatWall. They want control everything

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September 05, 2017, 04:06:12 AM
 #23

The Chinese government has always been loyal to the crypto currency, and therefore I believe that the ban on holding an ICO is not an attack on the whole of the crypto currency. Apparently, we are talking about streamlining this process and its release from scammers. So in this prohibition there is nothing terrible.
maybe not completely ico in illegal in china, we just wait until china government really give announcement about this  Smiley

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September 05, 2017, 05:16:16 AM
 #24

The Chinese government has always been loyal to the crypto currency, and therefore I believe that the ban on holding an ICO is not an attack on the whole of the crypto currency. Apparently, we are talking about streamlining this process and its release from scammers. So in this prohibition there is nothing terrible.
maybe not completely ico in illegal in china, we just wait until china government really give announcement about this  Smiley
Their government I guess only wanted those into cryptocurrency to be aware of ICO and not to be scam. Because many ICO has been release and wanted to scam investors. I agree, the chinese government has been like and invest into cryptocurrency and I don't think they will banned this, only the ICO without quality project.

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September 05, 2017, 05:36:04 AM
 #25

The Chinese government has always been loyal to the crypto currency, and therefore I believe that the ban on holding an ICO is not an attack on the whole of the crypto currency. Apparently, we are talking about streamlining this process and its release from scammers. So in this prohibition there is nothing terrible.
maybe not completely ico in illegal in china, we just wait until china government really give announcement about this  Smiley


Exactly. They will "adjust" after the full ban anyways.

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September 05, 2017, 05:36:28 AM
 #26

of course the excuse is terrorism. the gov't blames terrorism with the tiniest piece of b******t evidence, news media eats it up, spits it out onto civilians plates, and they eat it. except for us of course. at least this will stop a lot of the scam ico going on
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September 05, 2017, 05:47:18 AM
 #27

China banned ICO will give affect for cryptocurrencies existence especially for alternative coin. because many peoples in china were selling out their coin of course it means will also ICO lost their investors in bulk due to so many investors came from China.

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September 05, 2017, 05:55:30 AM
 #28

Speaking of the given news. The ICOs which are currently running will just run normally, Investors' origin isn't just from China but from many parts of this world.
about the 2nd point, the "already successful" ICOs will seem to not be able to refund the money invested by China investors unless the devs of the ICO are living in China and will forcefully obey the regulation. The devs could just refuse anyway since they've given the exchange for Chinese investors' money which is in form of token and coins. I'm pretty sure that many investors have liquidated their token and coins before this news released by the Chinese government.

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September 05, 2017, 06:32:22 AM
 #29

The Chinese government has always been loyal to the crypto currency, and therefore I believe that the ban on holding an ICO is not an attack on the whole of the crypto currency. Apparently, we are talking about streamlining this process and its release from scammers. So in this prohibition there is nothing terrible.
I dont think Chinese government like crypto currency. But they will want control it or do something like that. Look at their FireGreatWall. They want control everything

Yes, I agreed on your point. China government do not like crypto currency because they can't control it. Sooner or later, there will be a bunch of rules and regulations on crypto currency not only applicable to ICO.

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September 05, 2017, 08:51:59 AM
 #30

What do you think will happen to crypto currencies following the latest news on the #ban on ICO in China?

will the already successful ICO's refund people's monies to them?

Is it good for governments to ban the use of crypto currencies?


Tell me what you think about any of these.  Smiley

They arent banning the use of crypto currencies, they're just putting forth a plan to start regulating ICOs to stop future scams and shady projects laundering money and getting away with millions.

That's very good thing from their side. I thought I will loose all my investment in NEO. People are using ICO as a means of making a fortune overnight.

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September 05, 2017, 09:06:33 AM
 #31

Speaking of the given news. The ICOs which are currently running will just run normally, Investors' origin isn't just from China but from many parts of this world.
about the 2nd point, the "already successful" ICOs will seem to not be able to refund the money invested by China investors unless the devs of the ICO are living in China and will forcefully obey the regulation. The devs could just refuse anyway since they've given the exchange for Chinese investors' money which is in form of token and coins. I'm pretty sure that many investors have liquidated their token and coins before this news released by the Chinese government.

I read this morning on reddit that some buyers don't want the refund because they will loose much of their investment. However, others still believe that china will still be the hub of ICO and cryptos after this regulation. I don't know how this can be if the government is able to control crypto currencies.
If the government is able to control it the crypto will take to form of paper money which we want to avoid.

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September 05, 2017, 09:13:48 AM
 #32

calm down guys, the effect will be temporary, the crypto world will soon be able to overcome these regulations issue and do your remember what's the point of the cryptocurrency creation?
it's to make them independent from the government. cryptocurrency is made for freedom. even if the regulation will affect the market.

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September 05, 2017, 09:19:03 AM
 #33

The Chinese government has always been loyal to the crypto currency, and therefore I believe that the ban on holding an ICO is not an attack on the whole of the crypto currency. Apparently, we are talking about streamlining this process and its release from scammers. So in this prohibition there is nothing terrible.
I dont think Chinese government like crypto currency. But they will want control it or do something like that. Look at their FireGreatWall. They want control everything

Yes, I agreed on your point. China government do not like crypto currency because they can't control it. Sooner or later, there will be a bunch of rules and regulations on crypto currency not only applicable to ICO.

I think the Chinese were so much involved in crypto currencies because they're are not happy with how government autonomously control their currency. so if the government is able to control cryptos too, many will stop investing in crypto currencies.

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September 05, 2017, 09:36:36 AM
 #34

There was one funny joke circulating on the social media that, "Anything that Chinese ban invest in it".

I didn't understand because I don't have any information of things that China banned but was awesome and still survived.

if someone can give me examples, it will be great  Grin

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September 05, 2017, 09:50:47 AM
 #35

I think it is more an internal Chinese issue, which will affect Chinese ICOs. I don't know how the Chinese government could efficiently stop their own citizen to buy on foreign ICOs.

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September 05, 2017, 10:17:40 AM
 #36

I think it is more an internal Chinese issue, which will affect Chinese ICOs. I don't know how the Chinese government could efficiently stop their own citizen to buy on foreign ICOs.

But can't the citizens hide under VPN to participate in ICOs?

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September 05, 2017, 10:23:24 AM
 #37

The Chinese government has always been loyal to the crypto currency, and therefore I believe that the ban on holding an ICO is not an attack on the whole of the crypto currency. Apparently, we are talking about streamlining this process and its release from scammers. So in this prohibition there is nothing terrible.

Most probably. This is nothing more than a way for the chinese government to put some regulation to this ICO. This is a move to stay away from opportunistic projects using ICOs to get chinese investors to get some money from their pockets but end up with nothing in return. Well, hopefully this is just this. Otherwise, we will be suffering together.



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September 05, 2017, 10:34:51 AM
 #38

They wouldn't ban it if it doesn't scare them, everyone wants a piece of the cake. Sucks though to do it this way.

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September 05, 2017, 10:51:08 AM
 #39

The Chinese government has always been loyal to the crypto currency, and therefore I believe that the ban on holding an ICO is not an attack on the whole of the crypto currency. Apparently, we are talking about streamlining this process and its release from scammers. So in this prohibition there is nothing terrible.

yh i believe this is not suppose to create any scare,the ban is temporal and is being placed to control the rampant increase of ICO's .
It is necessary to screen and seperate the genuine ones from the fake ones.

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September 05, 2017, 10:56:22 AM
 #40

China is panic selling Lips sealed
For example look at NEO bought some for 464900 satoshi yesterday and they are now back at 520000.
Every downside has an upside!
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September 05, 2017, 11:02:49 AM
 #41

Eventhough i am a newbie in Bitcointalk,  i've been following Bitcoin news for long and I remember in dec 2013 China’s biggest Bitcoin exchange, BTCChina, stopped accepting deposits in Chinese yuan because BTC was banned. Due to this BTC dropped about 50% in value. Now see where BTC is today. Hopely one day the Chinese government will change their mind.  Grin


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September 05, 2017, 11:10:54 AM
 #42

ICOs were getting out of control and still are actually. Hopefully more and more countries will join China in banning them so we can focus again on real blockchain innovation and don't have to deal with the likes of Paris Hilton and Floyd Mayweather.

What these celebrities are doing to their followers should actually be considered illegal.
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September 05, 2017, 11:15:53 AM
 #43

i dont believe this is going to affect on crypto world in long term. Bitcoin and altcoin handled many situations like this. It affects the price for a few days after it people realizes that nothing extraordinary is going to happen and they start to buy again  Smiley


     
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September 05, 2017, 11:23:37 AM
 #44

i dont believe this is going to affect on crypto world in long term. Bitcoin and altcoin handled many situations like this. It affects the price for a few days after it people realizes that nothing extraordinary is going to happen and they start to buy again  Smiley
This is true, this wont really be a long term effect on cryptoworld and eventually prices would really recover later on and people would really eager to buy cheap coins because they do really know the potential of the coins they are holding.It does really give some effects but wont really be permanent and the wisest thing to do now is too buy cheap coins and hold them.

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September 05, 2017, 11:27:19 AM
 #45

The Chinese government has always been loyal to the crypto currency, and therefore I believe that the ban on holding an ICO is not an attack on the whole of the crypto currency. Apparently, we are talking about streamlining this process and its release from scammers. So in this prohibition there is nothing terrible.
I dont think Chinese government like crypto currency. But they will want control it or do something like that. Look at their FireGreatWall. They want control everything

I agree, they want control everything. I dont expect soft policy from China goverment. Just google "China capital outflow", and cryptocurrencies are the one of ways to withdraw "value" from country. There is strict law about capital outflow. There are dealers in HK and Macao, connected wiht "triads", helping chinese bisinessmen to withdraw money from China. Now bitcoin became that business, and I dont beleive that goverment has positive view about it.
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September 05, 2017, 12:06:17 PM
 #46

What do you think will happen to crypto currencies following the latest news on the #ban on ICO in China?

will the already successful ICO's refund people's monies to them?

Is it good for governments to ban the use of crypto currencies?


Tell me what you think about any of these.  Smiley
What I think will happen is there will be some corrections in the market and afterwards everything will normalize. The ICO community will be greatly affected this is due largely to the fact that Chinese are big players and investors in the crypto market. But this is all for regularization of funds.
No government is banning the use of cryptocurrency they all just want to regularize the way through which huge sum of money is raised in a very short period of time.

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September 05, 2017, 12:25:18 PM
 #47

What do you think will happen to crypto currencies following the latest news on the #ban on ICO in China?

will the already successful ICO's refund people's monies to them?

Is it good for governments to ban the use of crypto currencies?


Tell me what you think about any of these.  Smiley
What I think will happen is there will be some corrections in the market and afterwards everything will normalize. The ICO community will be greatly affected this is due largely to the fact that Chinese are big players and investors in the crypto market. But this is all for regularization of funds.
No government is banning the use of cryptocurrency they all just want to regularize the way through which huge sum of money is raised in a very short period of time.

ICOs inside China are banned. They still can buy and sell cryptos and participate in ICOs from another countries.

What do you think will happen? They will focus in ouside ICOS, and it will increase the demand for our ICOS
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September 05, 2017, 12:31:29 PM
 #48

What do you think will happen to crypto currencies following the latest news on the #ban on ICO in China?

will the already successful ICO's refund people's monies to them?

Is it good for governments to ban the use of crypto currencies?


Tell me what you think about any of these.  Smiley
What I think will happen is there will be some corrections in the market and afterwards everything will normalize. The ICO community will be greatly affected this is due largely to the fact that Chinese are big players and investors in the crypto market. But this is all for regularization of funds.
No government is banning the use of cryptocurrency they all just want to regularize the way through which huge sum of money is raised in a very short period of time.

ICOs inside China are banned. The still can buy and sell cryptos and participate in ICOs from another countries.

What do you think will happen? They will focus in ouside ICOS, and it will increase the demand for our ICOS

Yes, we know that soon every government will follow the same rule because some ICO's are not up to the market. Many fake people are launching ICO with no value when the raised huge amount of money without giving any profit to the investors.


     
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September 05, 2017, 12:33:54 PM
 #49

I think making a lot of people more difficult in the business of looking for work in various other fields if the incident about the ico ban realized but with the confidence of many people who still remain faithful to rely on ico as a personal business opportunity would make its existence will not last long and can be reused .

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September 05, 2017, 12:36:55 PM
 #50

I think making a lot of people more difficult in the business of looking for work in various other fields if the incident about the ico ban realized but with the confidence of many people who still remain faithful to rely on ico as a personal business opportunity would make its existence will not last long and can be reused .

Can be. We should look at some countries like CANADA, that has declare ICOs legal and serious. Dimcoin is one of ICOs i am in ( From Canada ).
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September 05, 2017, 12:38:26 PM
 #51

What do you think will happen to crypto currencies following the latest news on the #ban on ICO in China?

will the already successful ICO's refund people's monies to them?

Is it good for governments to ban the use of crypto currencies?


Tell me what you think about any of these.  Smiley


Obviously ICO founder will loose most of the investors from China side as long as they are not figuring out the way to enter the market again. There might be chance that some ICO will declare that there will be no money refunds for china investors because the government has banned them from doing any business with Chinese internet. :-) This advantage might just be taken by ICO groups, anything can happen.

Government banning them to reduce the scam in china economy that's what the news says. Who knows there might be new rules to operate it for better investments.



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September 05, 2017, 12:41:16 PM
 #52

China is panic selling Lips sealed
For example look at NEO bought some for 464900 satoshi yesterday and they are now back at 520000.
Every downside has an upside!

Yes, there will be a comeback. NEO will not die.

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September 05, 2017, 02:54:18 PM
 #53

I think making a lot of people more difficult in the business of looking for work in various other fields if the incident about the ico ban realized but with the confidence of many people who still remain faithful to rely on ico as a personal business opportunity would make its existence will not last long and can be reused .

Can be. We should look at some countries like CANADA, that has declare ICOs legal and serious. Dimcoin is one of ICOs i am in ( From Canada ).

Hey, Thanks for the info I will check it out.

Has anyone invested in DimCoin?

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September 05, 2017, 03:16:21 PM
 #54



I think there is no meaningful effect for bitcoin and altcoin. china forbid only for ico. probably due to tax issues or something else. I do not know for sure. it's just that the policy of a country.

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September 05, 2017, 03:35:56 PM
 #55



I think there is no meaningful effect for bitcoin and altcoin. china forbid only for ico. probably due to tax issues or something else. I do not know for sure. it's just that the policy of a country.

I think there is an effect in the altcoin market because as far as i remember, NEO was developed to be chinese Ethereum and since that news dropped, there has been a significant drop in NEO price. Others are even speculating that neo will die.

Let's hope for another way for out in this.

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September 05, 2017, 03:39:37 PM
 #56



I think that's a good move for a country. secure the community so as not to fall for the ico trickster.
but this will not last long. I think the next few months will be stable as usual. china may give permission to ico good and trusted.

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September 05, 2017, 03:51:45 PM
 #57



I think that's a good move for a country. secure the community so as not to fall for the ico trickster.
but this will not last long. I think the next few months will be stable as usual. china may give permission to ico good and trusted.
I agree with you it will not affect the market in the long term. I think China will reconsider their decision otherwise they can lose their leading position in the cryptocurrency industry.

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September 05, 2017, 04:04:49 PM
 #58

What do you think will happen to crypto currencies following the latest news on the #ban on ICO in China?

will the already successful ICO's refund people's monies to them?

Is it good for governments to ban the use of crypto currencies?


Tell me what you think about any of these.  Smiley


I think because of the effects of china the price slices occur on bitcoin and alcoin.
I strongly believe his investors are afraid to invest.
and I experienced the same thing. I hope this will not last long.

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September 05, 2017, 04:16:28 PM
 #59

I believe from what I've been reading that China's actions towards ICOs are aimed at protecting consumers and investers from being burned by ICOs who appear to be good investments. If this is the case then I think China will have to give treatment to ICOs that have already gone through several stages and are already being traded on exchanges such as NEO. It wouldn't make sense to just give refunds when the price has already gone up so much since the ICO.

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September 05, 2017, 04:36:32 PM
 #60

Best time for anonymous cryptocurrency,
projects like XSPEC with intergrated Tor in its client that works in China - old saying once again "you cant stop the internets"

Smiley
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September 05, 2017, 04:39:07 PM
 #61

This will create such a big impact in altcoin world. Like what is happening right now, panic selling due to banning of ICOs. I think this is totally ridiculous. China have the highest BTC members and they are not thinking about the pros and cons of their decision. They're gone mad, really.

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September 05, 2017, 04:52:04 PM
 #62

What do you think will happen to crypto currencies following the latest news on the #ban on ICO in China?

will the already successful ICO's refund people's monies to them?

Is it good for governments to ban the use of crypto currencies?


Tell me what you think about any of these.  Smiley
i think, with generally bad news reverberating across the ecosystem all cryptos have turned red together.

yes, it's good the governments forbids cryptocurrency. why?
1. will have an impact on the stability of the native currency in this country.
2. much abused for criminal acts.

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September 05, 2017, 05:24:26 PM
 #63


there is a slope of the value of bitcoin and altcoin. yes this is of course concerned with what happens to the country of china.
this is a common thing that can happen in other countries. but this will not have a big impact on bitcoin. I am sure next year will be many changes.
let's look and see.


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September 05, 2017, 05:33:22 PM
 #64

ICO ban in china , i thinks this cause Bitcoin price down ,.

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September 05, 2017, 05:37:07 PM
 #65

Right now the markets are low, sure, but they will go back up really soon IF we're not descending into a bear market. It really all depends on how good this months ICO's will be, as they might restore a lot of trust in the market if they go well

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September 05, 2017, 05:40:47 PM
 #66


there is a slope of the value of bitcoin and altcoin. yes this is of course concerned with what happens to the country of china.
this is a common thing that can happen in other countries. but this will not have a big impact on bitcoin. I am sure next year will be many changes.
let's look and see.
Yesterday China announced this news, so all the altcoins price came down including Bitcoin price. But today all coins are recovering. Especially it will affect on China based coin NEO. yesterday this coin price goes too low, but today again it is gaining very fast. This type of issues will come in digital currency world. We should be calm and not get panic means we can make a good profit.
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September 05, 2017, 05:52:48 PM
 #67

Waves is about to arrive in China. So it's obviously temporaty.
The market will recover soon its level before China's announcement.

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September 05, 2017, 05:57:48 PM
 #68

Yeah, the only effect it made was on the price of bitcoin, and making too many ICO's close down.
But i think we only care about the bitcoin price, it suffered a lot. It went from $4800 to $4000 in just two days, at least 20% of loss.
At the moment the price is recovering, but almost all the alcoins are down too.
The only benefit for us is that alts/btc is very cheap rigth now, si this is a buy opportunity to buy

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September 05, 2017, 06:00:05 PM
 #69

that was quick after the banned lol


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September 05, 2017, 06:00:51 PM
 #70

I would say 90% of these ICOs are scams and easy way to make money. It's killing innovation from coins that would of done innovating before but have dropped so far down the rankings on coinmarketcap that they not going to bother.

ICO Steps:

1. Come up with a great idea that's impossible to implement with the caliber of people behind the project.
2. Set the value high for the amount of tokens that will be created.
3. Automatically get into the top 100 on coinmarketcap so suckers take notice and buy in thinking it's something special.
4. Eventually they sell enough and move onto the next ICO idea that they will never implement.
5. Rince and repeat

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September 05, 2017, 06:39:02 PM
 #71


there is a slope of the value of bitcoin and altcoin. yes this is of course concerned with what happens to the country of china.
this is a common thing that can happen in other countries. but this will not have a big impact on bitcoin. I am sure next year will be many changes.
let's look and see.
Yesterday China announced this news, so all the altcoins price came down including Bitcoin price. But today all coins are recovering. Especially it will affect on China based coin NEO. yesterday this coin price goes too low, but today again it is gaining very fast. This type of issues will come in digital currency world. We should be calm and not get panic means we can make a good profit.

It has no significant issues that has made the price of bitcoin to go down further, maybe that's certain about of altcoin price to drop because ico is the main subject of the ban. Fluctuations really did happen due to other people who invested dumped their holdings early but not by the reasons of ICO ban in china. Price will gain it's value after sudden changes in the market and as you can see it currently it's price really been doing good and eventually coming back to it's previous higher value. Being positive is the good actions to take for now and forget those panics because we needed to surpass all the challenges that may came through.

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September 05, 2017, 06:45:21 PM
 #72

China has forced its people to buy non-Chinese ICOs only.

If China doesn't ban Bitcoin, then all of the Chinese money will flow to Bitcoin, non-Chinese coins and non-Chinese ICOs.

The Chinese government is depriving their country of bringing in money from foreigner buyers of Chinese ICOs.

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September 05, 2017, 06:49:06 PM
 #73

there are way too many icos, many of them they bring literally nothing but promises on the table

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September 05, 2017, 06:56:30 PM
 #74

What do you think will happen to crypto currencies following the latest news on the #ban on ICO in China?

will the already successful ICO's refund people's monies to them?

Is it good for governments to ban the use of crypto currencies?


Tell me what you think about any of these.  Smiley

I think this somehow as an effect, as we know there's a lot of potential investors in China and it's a big and rich country. There would be lesser investor and developer from China. This means, there's a direct effect of the banning to cryptocurrency prices especially eth,btc and waves, which are usually used to buy ICO token or coins.

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September 06, 2017, 12:58:49 AM
 #75

What do you think will happen to crypto currencies following the latest news on the #ban on ICO in China?

will the already successful ICO's refund people's monies to them?

Is it good for governments to ban the use of crypto currencies?


Tell me what you think about any of these.  Smiley
MONIES? it should be monies! Please do not shit post and construct your sentence well.

What do you think will happen to crypto currencies following the latest news on the #ban on ICO in China?
>Cryptocurrencies are safe on china, and they only ban ICO, with this news i think more chinese bitcoiners and chinese investors will be more focused on cryptocurrency specially bitcoin.

will the already successful ICO's refund people's monies to them?
>They did not yet announced something with this or they already did?, if we are basing on the news, i think no, they are talking about ICO only and not banning the existing coins.

Is it good for governments to ban the use of crypto currencies?
>It depends on their current system and current issues, some of the countries ban cryptocurrencies because it may cause to support terrorism and unobserved transaction that may impose as a threat to that government.
Can you tell me terorists who use cryptocurrency. I think you'd better proof that cyrptocurrencies are used by terorists. The most crypto is used to scam projects, HYIP and fake investments, drug dealling and other crimes include terorism. But you can't say crypto is for terorism. I don't like that crypto support terorism. I am not terorist, most members of bitcointalk are not terorists too. They are users of cryptocurrencies.
Please do check your sentences and your spelling, do not shitpost here and learn to use google, please do comprehend what i said don't be an idiot here.
It may cause to support terrorism ? YES, because bitcoin's reputation is not good since it was used as a form of payment on darkweb. Do your research, since bitcoin offers a security and anonymity that's why it can support terrorists.

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September 06, 2017, 01:16:41 AM
 #76

What do you think will happen to crypto currencies following the latest news on the #ban on ICO in China?

will the already successful ICO's refund people's monies to them?

Is it good for governments to ban the use of crypto currencies?


Tell me what you think about any of these.  Smiley



As usual the market is already recovering. If anything this was a buying opportunity.  China flip flops on so many issues, hopefully the market can get to a point where it does not hang on every word of the Peoples Bank Of China.  There are credible arguments to be made on either side on wether ICOs are good for Crypto Currencies or not but in this day age if a group of people are determined to launch an ICO they still can.  There are a number of government leaders around the world that are openly inviting (or more like begging) people to come and launch their Crypto projects, ICOs, companies etc in their countries.  Singapore, Georgia (Eastern Europe), Malta and the Cayman Islands to name a few.  People will find a way and we will all look back at these days and shake our heads.  

Maybe countries like China and the U.S.A. can pressure exchanges NOT to trade said ICO tokens but with the days of the decentralized exchanges upon us I don't even know how effective that would be either.  That cats out of the bag guys. Get your popcorn ready.  
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September 06, 2017, 01:49:22 AM
 #77

we hope this is only temporary and only rumors that explode quickly and disappear ..
we also do not know alsan real about banned ico there ..
is it possible that the Chinese currency is displaced with a virtual currency so that ico is banned there..

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September 06, 2017, 02:09:27 AM
 #78

Because of the Chinese government deleted the existence of ico in their country, it badly affect our coins. Especially most of the alternative coins there is. And because of these Chinese citizens cannot deal with altcoins now. They now can't contribute to the success of ones ico.

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September 06, 2017, 02:27:45 AM
 #79

This situation resembles the 2008 financial crisis in some ways:

Before 2008 fin crisis, financial innovations were encouraged by regulators. Asset backed securities and derivatives were hot among banks. Then came the Lehman brothers crash etc. Then the overall regulation turned to very conservative. The No.1 priority is safety, not innovation. Banks were not allowed to participate futures trading altogether, not even for hedging.

History may repeat itself with ICO. The regulators have not been very tough on innovation. Unfortunately, 1. bad players pushed their limits. they run fake projects, pump&dump, manipulate the market ... 2. bad guys from traditional scams jumped in ICOs 3. too many ppl are involved. Reported 100k+ in China. Some projects (Such as EOS), the price went down too much and ppl lost $$ and filed complaints. There's a real threat of protests. That's the last thing China wants.

In the long run, this is probably a positive thing for crypto's, blockchain, ICO etc. It's good to get rid of the bad guys.

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September 06, 2017, 02:45:45 AM
 #80

ICOs are not cryptocurrencies mate they are a few independent entities with no relation to their governments trying to collect Chinese money and spend it

On girls and booze, the Chinese government noticed there was too many missing girls and beers, they found out about these smart ass dev teams and now

Are stopping them from continuing, they only stop scam and junk ICOs. it had a temporary set back effect for a few hours but now we're rolling again up.
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September 06, 2017, 02:46:13 AM
 #81

Morning time in Asia.. China will dump more (panic mode, as usual, and/or the need to have a drop in price to erase yesterday's losses), be ready for. BTC price drop.

Later, Europe, then America will buy cheap BTC and the price will rise again.

China is going nuts for no reason on BTC. The value of BTC has technically increased as it became more and more difficult to get more (fiat-cryptos OFF until further notice)

Interesting times of idiocracy...


And here we go $3,950...

LOL

Some people are gonna lose a LOT of money selling at this price point.


I hope it bottoms out near 2k, I wanna add more funds but at 4k 1 btc is more valuable than some ppl vehicles lol

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September 06, 2017, 02:54:30 AM
 #82

ICOs are not cryptocurrencies mate they are a few independent entities with no relation to their governments trying to collect Chinese money and spend it

On girls and booze, the Chinese government noticed there was too many missing girls and beers, they found out about these smart ass dev teams and now

Are stopping them from continuing, they only stop scam and junk ICOs. it had a temporary set back effect for a few hours but now we're rolling again up.

Yes, I agree with you, I think the Chinese government just want to protect some little fishes from eating by some big whales easily, which will is not a good signal to the steady of society.

 
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September 06, 2017, 08:00:08 AM
 #83

Best time for anonymous cryptocurrency,
projects like XSPEC with intergrated Tor in its client that works in China - old saying once again "you cant stop the internets"

Smiley

That's a great initiative, we must protect crypto currencies from the government at all cost. I think if the government begin to control cryptos, we will loose its sense of existence. 

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September 06, 2017, 08:07:43 AM
 #84

ICOs are not cryptocurrencies mate they are a few independent entities with no relation to their governments trying to collect Chinese money and spend it

On girls and booze, the Chinese government noticed there was too many missing girls and beers, they found out about these smart ass dev teams and now

Are stopping them from continuing, they only stop scam and junk ICOs. it had a temporary set back effect for a few hours but now we're rolling again up.

Yes, I agree with you, I think the Chinese government just want to protect some little fishes from eating by some big whales easily, which will is not a good signal to the steady of society.

Haha, Do you think the Crypto world should be like the Animal Kingdom? survival of the fittest. Grin Grin Grin

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September 06, 2017, 08:11:52 AM
 #85

Best time for anonymous cryptocurrency,
projects like XSPEC with intergrated Tor in its client that works in China - old saying once again "you cant stop the internets"

Smiley

That's a great initiative, we must protect crypto currencies from the government at all cost. I think if the government begin to control cryptos, we will loose its sense of existence. 

But how could you protect it if government will banned it? can you stand up for it and execute a rally on your country? well if thats the case those offline geeks will find you crazy since they doesn't know on what you are fighting for and if the banned will be implemented then their country men same as you have nothing do with it and you will oblige to follow the law.

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September 06, 2017, 02:55:06 PM
 #86

It will have a bad effect ico has always been suspicious raiaing unlimited funds without following the law will never work out. There are still some ico out there who takes care of the law but are too rare and some ico who actually want to make difference but it's very rare.
About the effect the ico won't be able to raise 10 million or 100 million like how they did in past

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September 06, 2017, 03:13:38 PM
 #87

It will have a bad effect ico has always been suspicious raiaing unlimited funds without following the law will never work out. There are still some ico out there who takes care of the law but are too rare and some ico who actually want to make difference but it's very rare.
About the effect the ico won't be able to raise 10 million or 100 million like how they did in past
I agree with you, China banning of all ICOs is completely unacceptable as it affects a lot of other potential markets, only in recent days capitalization in the cryptoucurrency market has fallen dramatically bad and this should not happen in the future

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September 06, 2017, 03:28:50 PM
 #88

It will have a bad effect ico has always been suspicious raiaing unlimited funds without following the law will never work out. There are still some ico out there who takes care of the law but are too rare and some ico who actually want to make difference but it's very rare.
About the effect the ico won't be able to raise 10 million or 100 million like how they did in past
Yes, It's true. I will like to wait for a while before I start to trade again.
I will wait to find out the coins which will survive this Chinese crunch.

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September 06, 2017, 03:31:31 PM
 #89

It will have a bad effect ico has always been suspicious raising unlimited funds without following the law will never work out. There are still some ico out there who takes care of the law but are too rare and some ico who actually want to make difference but it's very rare.
About the effect the ico won't be able to raise 10 million or 100 million like how they did in past

All ICO's must adhere to the low in my opinion also. This is real money and real investors, so in return we must have an assurance that this company or group has a reliable project. No wants to lose in his investment.

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September 06, 2017, 03:43:21 PM
 #90

Agree that prudent, but yet accommodating regulation could be a plus in the long run.

Also, this article http://fortune.com/2017/09/05/china-bitcoin-blockchain-ico-ban/ suggests one of the drivers behind the ban is China's potential interest in developing a national cryptocurrency, and the ban makes way for it?

What do you think?

Do you think it will happen?

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September 06, 2017, 04:06:20 PM
 #91

this seems to be one of the solutions that should be done for all projects, but this also makes us as a very disadvantaged user.  Cry
let alone the effect of ICO ban in china is really very big especially in terms of token distribution, many big project project which currently delayed as result of problem in china.

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September 06, 2017, 04:10:52 PM
 #92

I for some reason think that all these news are specially laid out so that many plummet their coins in a minus

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September 06, 2017, 10:38:39 PM
 #93

I for some reason think that all these news are specially laid out so that many plummet their coins in a minus

Timing of the announcement: Labor day in the USA.



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September 06, 2017, 11:08:44 PM
 #94

What do you think will happen to crypto currencies following the latest news on the #ban on ICO in China?

will the already successful ICO's refund people's monies to them?

Is it good for governments to ban the use of crypto currencies?


Tell me what you think about any of these.  Smiley
Nothing will happen but some dips only. The effect of the ban is that some exchanges on China did remove a lot of coins that they are accepting before. And I dont have an idea if it will refund people's money, lets just wait until their central bank made a regulatory rules about ICO's.

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September 06, 2017, 11:59:40 PM
 #95

Effect in China - some.

Effects in the rest of the world - none after about 72 hours.
Which have elapsed.

People know China will eventually fully restrict crypto in as many ways as they can. It's never been a surprise.

ps - Let's get back to PoW, PoS, and airdrops. There are no regulatory issues with those.
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September 07, 2017, 12:06:57 AM
 #96

What do you think will happen to crypto currencies following the latest news on the #ban on ICO in China?

will the already successful ICO's refund people's monies to them?

Is it good for governments to ban the use of crypto currencies?


Tell me what you think about any of these.  Smiley
Nothing will happen but some dips only. The effect of the ban is that some exchanges on China did remove a lot of coins that they are accepting before. And I dont have an idea if it will refund people's money, lets just wait until their central bank made a regulatory rules about ICO's.
I agree, because they only banned ico and not totally cryptocurrencies. The Ico money's is hard to claim but it depends on them. I've read some running chinese ico in the past weeks. Lets just hope that they'll return it.
The big effect is already happen dip in bitcoins price but sooner it will go back and continue to have a new Ath.

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September 07, 2017, 12:56:18 AM
 #97

What do you think will happen to crypto currencies following the latest news on the #ban on ICO in China?

will the already successful ICO's refund people's monies to them?

Is it good for governments to ban the use of crypto currencies?


Tell me what you think about any of these.  Smiley
Nothing will happen but some dips only. The effect of the ban is that some exchanges on China did remove a lot of coins that they are accepting before. And I dont have an idea if it will refund people's money, lets just wait until their central bank made a regulatory rules about ICO's.
I agree, because they only banned ico and not totally cryptocurrencies. The Ico money's is hard to claim but it depends on them. I've read some running chinese ico in the past weeks. Lets just hope that they'll return it.
The big effect is already happen dip in bitcoins price but sooner it will go back and continue to have a new Ath.
I heard from my friends if viewed from local Chinese exchanger, crypotcurrency there are not too many listed and it's just some like ETH and LTC. I do not think they will Bans all Altcoin if they only use ETH and LTC


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September 07, 2017, 01:28:20 AM
 #98

Well, it has already affected the market, and now slowly is in recover mode. Sooner or later, rest of the world will try to regulate ICO somehow. Now it is to be seen, how each country will regulate this.

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September 07, 2017, 05:12:55 AM
 #99

Well, it has already affected the market, and now slowly is in recover mode. Sooner or later, rest of the world will try to regulate ICO somehow. Now it is to be seen, how each country will regulate this.

Yes, the market is recovering now, and I hope there is regulation on ICO because of too much scammer with empty promises, but I think it is hard to implement...

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September 07, 2017, 06:41:15 AM
 #100

What do you think will happen to crypto currencies following the latest news on the #ban on ICO in China?

will the already successful ICO's refund people's monies to them?

Is it good for governments to ban the use of crypto currencies?


Tell me what you think about any of these.  Smiley
Nothing will happen but some dips only. The effect of the ban is that some exchanges on China did remove a lot of coins that they are accepting before. And I dont have an idea if it will refund people's money, lets just wait until their central bank made a regulatory rules about ICO's.
I agree, because they only banned ico and not totally cryptocurrencies. The Ico money's is hard to claim but it depends on them. I've read some running chinese ico in the past weeks. Lets just hope that they'll return it.
The big effect is already happen dip in bitcoins price but sooner it will go back and continue to have a new Ath.
I heard from my friends if viewed from local Chinese exchanger, crypotcurrency there are not too many listed and it's just some like ETH and LTC. I do not think they will Bans all Altcoin if they only use ETH and LTC
They ban for now ICO's but there's an update that they will release licensing for ICO's which can make the market healthy again, though it's totally in good health already. They can list and de-list anytime because they are just following the rules and regulations of the Chinese government but if everything is set good, we'll see volume of transactions again on them.

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September 07, 2017, 06:46:26 AM
 #101

WAVES will expand in China, so i don t see any problems with that happened few days ago.
Waves gives the possibility of easily ico's creations. So it's just for some weeks, time of regulation.
Some people makes great business with ! Sell, buyback, yolo !


     
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September 07, 2017, 06:57:23 AM
 #102

What do you think will happen to crypto currencies following the latest news on the #ban on ICO in China?

will the already successful ICO's refund people's monies to them?

Is it good for governments to ban the use of crypto currencies?


Tell me what you think about any of these.  Smiley
Nothing will happen but some dips only. The effect of the ban is that some exchanges on China did remove a lot of coins that they are accepting before. And I dont have an idea if it will refund people's money, lets just wait until their central bank made a regulatory rules about ICO's.
I agree, because they only banned ico and not totally cryptocurrencies. The Ico money's is hard to claim but it depends on them. I've read some running chinese ico in the past weeks. Lets just hope that they'll return it.
The big effect is already happen dip in bitcoins price but sooner it will go back and continue to have a new Ath.
I heard from my friends if viewed from local Chinese exchanger, crypotcurrency there are not too many listed and it's just some like ETH and LTC. I do not think they will Bans all Altcoin if they only use ETH and LTC

Bad news if true it will happen. Is there a place for other coins there? And for a long time whether another coin will survive? I do not understand about the development and intent of the rules made by china

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September 07, 2017, 07:26:41 AM
 #103

Personally I thought that ETH would take a hit, even long term.
If my informations are right, ETH was the main currency that fueld the ICOs.
But the quick recovery of ETH has proven me wrong, at least so far.
I suppose the possibility that the ban is just temporarily has calmed the investors down
Or maybe there are some details how things are connected that I am still not aware of.

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September 07, 2017, 11:58:07 AM
 #104

Well, it has already affected the market, and now slowly is in recover mode. Sooner or later, rest of the world will try to regulate ICO somehow. Now it is to be seen, how each country will regulate this.

Yes, the market is recovering now, and I hope there is regulation on ICO because of too much scammer with empty promises, but I think it is hard to implement...
so now the problem in china has started to recover, it means the projects that have been completed in this month will be slowly way back, especially now many scamer projects that make us lose.
Why can it be said loss?
because this month I've joined one of the ico projects and the results of our tokens can be different from the information in the spreadsheet. Undecided

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September 07, 2017, 12:02:39 PM
 #105

I have seen the list of ICOs banned in China. I never heard of any of them... I think the big movement of governments against ICOs is yet to be seen.
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September 07, 2017, 12:29:19 PM
 #106

I think that regulation and transparency are much needed in the cryptoworld. However, they are attempting to centralize a technology that is meant to stay decentralized, which could have a real negative impact.

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September 07, 2017, 12:35:56 PM
 #107

China ban ico and permit the ico hold by the government itself, its just killing the grass-roots to make way for the the rich and politically connected

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September 07, 2017, 12:45:16 PM
 #108

I think China wants to participate in the long run, they just wanted to send a signal and stop the money laundering

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September 07, 2017, 01:01:00 PM
 #109

I have seen the list of ICOs banned in China. I never heard of any of them... I think the big movement of governments against ICOs is yet to be seen.

But still you dont heard it or invest on it still they could update the list of it and include those icos that we've invested. The problem now in the promising icos is they lost investors from china for their icos and i think it is a hard time to achieve their soft cap in their icos . Lets hope that it will also be succeded and china will unban it

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September 07, 2017, 01:02:30 PM
 #110

Problem with China was a lot of the ICOs turned out be absolute scams, most people wouldn't have heard of them outside China, these are the ICOs the Chinese are trying to stop not actual legitimate ones.

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September 07, 2017, 03:38:49 PM
 #111


prc country has with the strict regulation as controlling the gathering and moderation of information that those leads with

the customs as partisan of the business with the crypto currency to measure as presumption on accounting with the chance as qualifying

level of moderation from the public media of release with the message,


that the level of scales as schemes with the work as moderating message of the public partisan with the global scopes of the arrange with the bussiness

of the crypto currency has with the limit on value as

those to compare with the scenes of the prc field with the business as as first they have with the customs on regulation as restricted the

chance on moderating information from the shift of estate as the majors as with the case of the crypto currency of the business.


the cue on contrast with the strategics as noticing stress on point of the focus of objectives

that those had with the difference as the people of prc must have of less with the gathering of preference on returns with the consequence of the

practice of strict regulation with the censorship.


as the lines of information exchange with the blocking to gives with the different extras of qualification on measuring risks

that they should acts as the lack on profile with the possession of the basics completeness as not to enter with the customs of over confidence

on not to distract the scenes of absence with the field of global business with the crypto currency.


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September 07, 2017, 03:52:35 PM
 #112

China ban ico and permit the ico hold by the government itself, its just killing the grass-roots to make way for the the rich and politically connected

Yes, I agree with you, this market should be controlled by the government, it is not acceptable to let this market development without control, so I think their will still be ICO projects there in some different names or forms.


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September 07, 2017, 04:07:26 PM
 #113

China ban ico and permit the ico hold by the government itself, its just killing the grass-roots to make way for the the rich and politically connected

Yes, I agree with you, this market should be controlled by the government, it is not acceptable to let this market development without control, so I think their will still be ICO projects there in some different names or forms.

For ICO you are right but government interference in crypto currencies must not be encouraged.

We should let the market decide not the government.

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September 07, 2017, 04:08:24 PM
 #114

there are so many effects on it in the cryptocurrency we all know that the neo is banned from the china many big investors  of neo are in there so that the price of it decreases, i hope this wont happen again in some altcoins,.

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September 07, 2017, 04:17:26 PM
 #115

What do you think will happen to crypto currencies following the latest news on the #ban on ICO in China?

will the already successful ICO's refund people's monies to them?

Is it good for governments to ban the use of crypto currencies?


Tell me what you think about any of these.  Smiley

As many of us have seen, the banning of ICOs and cryptocurrencies in important countries such as China can only bring a wave of destructive effects in terms of economy for all of us (with "us" I mean everybody that uses cryptocurrencies) which, nowadays, it's a big majority of people that are making inquiries into this enthralling world.

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September 07, 2017, 04:26:32 PM
 #116

What do you think will happen to crypto currencies following the latest news on the #ban on ICO in China?

will the already successful ICO's refund people's monies to them?

Is it good for governments to ban the use of crypto currencies?


Tell me what you think about any of these.  Smiley

As many of us have seen, the banning of ICOs and cryptocurrencies in important countries such as China can only bring a wave of destructive effects in terms of economy for all of us (with "us" I mean everybody that uses cryptocurrencies) which, nowadays, it's a big majority of people that are making inquiries into this enthralling world.

You do understand ICO's only make up a small percentage of this economy, right? Chinese people will still be able to invest in any coin that gets listed on exchanges, which they will. Also, the ban is merely a temporarely solution to the problem of dozens of scams happening in China. As soon as tey regulate ICO's, they will be legal again, no worries. The regulations will be very reasonable, for example every company that wants to raise money with an ICO needs to have a working prototype, or should be an official company, or have financial and marketing plans for the next 3 years, ...

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September 07, 2017, 04:43:21 PM
 #117

I don't understand how any one can ban ico? They just ban ico website? or what?

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September 07, 2017, 04:45:08 PM
 #118

I don't understand how any one can ban ico? They just ban ico website? or what?
China ban their country from participating in any ico because they believe that it is not a good way to collect money from the people in their country and it is a bad news for the upcoming projects or even the current coins because the chinese might pull out their money in cryptocurrencies.

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September 07, 2017, 04:50:25 PM
 #119

I don't understand how any one can ban ico? They just ban ico website? or what?
China ban their country from participating in any ico because they believe that it is not a good way to collect money from the people in their country and it is a bad news for the upcoming projects or even the current coins because the chinese might pull out their money in cryptocurrencies.
Well country's like China can censor the internet so why not a simple ico.

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September 07, 2017, 04:56:18 PM
 #120

I don't understand how any one can ban ico? They just ban ico website? or what?
China ban their country from participating in any ico because they believe that it is not a good way to collect money from the people in their country and it is a bad news for the upcoming projects or even the current coins because the chinese might pull out their money in cryptocurrencies.
Well country's like China can censor the internet so why not a simple ico.

That's what i wanted to know. China can just censor ico website.

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September 07, 2017, 05:05:14 PM
 #121

seems like the effect of the ban is a great opportunity to invest coin in short term and gain a lot of profit. you may look at graph of coin value.

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September 07, 2017, 05:23:41 PM
 #122

Chaina's ICO ban news was just a excuse for the market to drop as much as it did. It's just looking to correct, and turned out this morning to be temporary. Markets are up.

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glowing10
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September 07, 2017, 05:27:13 PM
 #123

I don't understand how any one can ban ico? They just ban ico website? or what?
China ban their country from participating in any ico because they believe that it is not a good way to collect money from the people in their country and it is a bad news for the upcoming projects or even the current coins because the chinese might pull out their money in cryptocurrencies.
Well country's like China can censor the internet so why not a simple ico.

Reason it is little skeptical decision because they are allowing the bitcoin to boom in their country as right form starting China was aggressive in bitcoin and holds and trade majority of them. So with such a huge number banning an ICO is something which was not expected. Though does it mean in coming time there could be stricter laws regarding bitcoin too, we need to check it out that as well?

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September 07, 2017, 08:42:47 PM
 #124

seems like the effect of the ban is a great opportunity to invest coin in short term and gain a lot of profit. you may look at graph of coin value.

Yes it's true, I checked today and NEO has started going up again. i my investment will start growing  Grin

rooster2000bka
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September 07, 2017, 11:20:51 PM
 #125

China have big invester and ICO team! So it really  Embarrassed Undecided Cry

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September 08, 2017, 12:09:21 AM
 #126

Well, recently we already see what kind of effects it does, we see many coin market fall, including bitcoin itself, but it just for a while, but one thing to remember is everything that China banned, invest in it, said one of the great Figure

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LakeBTC
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September 08, 2017, 05:03:11 AM
 #127

China will eventually introduce sensible regulations and lift the ban. The national government is keen on risk management but they do not want to kill innovation.

I think they had to introduce the temporary ban because things were getting too hot, traditional scammers (pyramid schemes etc.) and organized crime were starting to get involved in ICO. China will hit these guys hard, but eventually, they will give the good guys some space to work.

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September 08, 2017, 06:01:27 AM
 #128

the most fundamental effect due to ico in baned by china is the price of bitcoin and altcoin at all down, for some time after the market calm down then the price began to return to where it was originally again

nick_nick
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September 08, 2017, 08:54:38 AM
 #129

Chaina's ICO ban news was just a excuse for the market to drop as much as it did. It's just looking to correct, and turned out this morning to be temporary. Markets are up.

Yes, It was temporary. Things have started coming back to normal and NEO is reviving. It was $30 yesterday.

MiBambino
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September 08, 2017, 09:07:46 AM
 #130

the most fundamental effect due to ico in baned by china is the price of bitcoin and altcoin at all down, for some time after the market calm down then the price began to return to where it was originally again

We literally experienced the exact same thing during the drop at the beginning of this year, when China shut down some of its major exchanges

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Bitforking
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September 08, 2017, 09:12:13 AM
 #131

the most fundamental effect due to ico in baned by china is the price of bitcoin and altcoin at all down, for some time after the market calm down then the price began to return to where it was originally again

We literally experienced the exact same thing during the drop at the beginning of this year, when China shut down some of its major exchanges

people's power vs. governments

one world ...one will

bitcoin will win

investeerder
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September 08, 2017, 09:12:20 AM
 #132

Chaina's ICO ban news was just a excuse for the market to drop as much as it did. It's just looking to correct, and turned out this morning to be temporary. Markets are up.

Yes, It was temporary. Things have started coming back to normal and NEO is reviving. It was $30 yesterday.

Theirs no permanent on this world and those implemented law will surely be abide by chinese people when the law is not been watch by the authorities.

We know chinese are big players so provably they will comeback since they will surely miss the profit for staking and playing in cryptocurrency battles.

3months18w
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September 08, 2017, 09:13:04 AM
 #133

What do you think will happen to crypto currencies following the latest news on the #ban on ICO in China?

will the already successful ICO's refund people's monies to them?

Is it good for governments to ban the use of crypto currencies?


Tell me what you think about any of these.  Smiley
As I know , some Chinese projects are refunding their investors , some exchanges have delisted ico tokens already.
I think government bans some shit icos is good for their residents , but can't ban all the icos totally, some good projects have been banned now.
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September 08, 2017, 09:14:39 AM
 #134

the most fundamental effect due to ico in baned by china is the price of bitcoin and altcoin at all down, for some time after the market calm down then the price began to return to where it was originally again

The effect was short lived, Bitcoin price is going up again along with Ethereum. The victim NEO is also back on its feet.