Effects of ICO ban in China

[SenSeiSoKo]

The ICO ban is not good for China, but on the other sides, ICOs can be dangerously... So wait for it, bitcoin ban is more dangerous than ICO ban, ICO ban doesn't interest look at US

[MiBambino]

China might ban bitcoin and everything, but this train isn't stopping, so they can get on board or get off the tracks:
https://www.cryptocoinsnews.com/newsflash-bitcoin-price-falls-3000-china-influence-wanes/

[Kevindb87]

how to plan study needs today
BTC discount. Europe, then the US will buy cheap BTC and prices will rise again. China will have no reason for BTC.
With ico coming next, with the ico command from China, some ICOs must know what would happen without investors from China.

[fuqdisshite]

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. 

Kind of unpopular opinion, but I believe more regulation around exchanges is good for the future.

[Sarah08]

Its a very big effect in crypto, because China is a large country and China has the largest population in the world so theres a possibility that the largest population that uses bitcoin are chinese nationals, and that is a very big effect of ico ban in China, the earnings of the crypto is lessened and its a big deal for Crypto.

[stupid_seb]

Its a very big effect in crypto, because China is a large country and China has the largest population in the world so theres a possibility that the largest population that uses bitcoin are chinese nationals, and that is a very big effect of ico ban in China, the earnings of the crypto is lessened and its a big deal for Crypto.

It is time to put a bit of numbers on the table guys.
Since the "Chinaban episode" here's the status:

https://www.cointelegraph.com/news/japan-becomes-largest-bitcoin-market-as-traders-leave-china

CHINA IS NOT NUMBER ONE ANYMORE (regarding bitcoin)

Actually, it counts for less than 7% of the bitcoin trades...


Regarding mining, they still have some hashpower, and cheap electricity but their neighbors are waking up:

https://www.coindesk.com/90-million-budget-japans-gmo-reveals-cryptocurrency-mining-details/



Here's for the FACTS.
Now do your math, and decide if you wanna buy, sell, or hold.

[rodskee]

have a big effect for bitcoin about the announcement of china government, bitcoin falling the down the value because china want to regulate the bitcoin and anothe announcement september 30 bitcoin exchange totllly banned in china, but i beliieve facing this problem go pu agaain as strongest currency in the cryptocurrency world.

[Arkann]

The consequences of the ICO ban in China are already evident - this is a sharp, 40% drop in the rate of the Crypto-currency. True, this was influenced by the statement of three large crypto-exchange exchanges of China about the intention to stop trading bitcoin. However, it should be assumed that these prohibitions and restrictions are temporary. After certain activities, these restrictions should be removed. However, while we have a significant drop in the rate and activity of the crypto currency.

[cas606]

Its a very big effect in crypto, because China is a large country and China has the largest population in the world so theres a possibility that the largest population that uses bitcoin are chinese nationals, and that is a very big effect of ico ban in China, the earnings of the crypto is lessened and its a big deal for Crypto.

It is time to put a bit of numbers on the table guys.
Since the "Chinaban episode" here's the status:

https://www.cointelegraph.com/news/japan-becomes-largest-bitcoin-market-as-traders-leave-china

CHINA IS NOT NUMBER ONE ANYMORE (regarding bitcoin)

Actually, it counts for less than 7% of the bitcoin trades...


Regarding mining, they still have some hashpower, and cheap electricity but their neighbors are waking up:

https://www.coindesk.com/90-million-budget-japans-gmo-reveals-cryptocurrency-mining-details/



Here's for the FACTS.
Now do your math, and decide if you wanna buy, sell, or hold.

Thanks for the input, very informative! In your opinion, the void that China leaves, will it be quickly filled by others, say Japan, or Europe? Do you think they will be able to do that quickly?

[iyan33]

This time Japan has begun to contribute to crypto trade and has a nice effect with rising bitcoin prices and this is certainly a good signal for the future progress of bitcoin. But it certainly can not be expected in one country to improve bitcoin progress and hopefully will emerge other countries who followed the Japanese trail after the void left by China.

[MiBambino]

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

troubled times have a tendency to reward to bold and brave, whereas the weak hands get punished

[nick_nick]

I've lost all my investment in this difficult times. I've lost interest in cryptos.
I invested $2000 and they are all gone.

I think it was a wrong time for investment for me.

[dreamer81]

the ICO ban was actually ok. The whole ICO scene has been increasingly crowded with scammers and cheaters.

They should have increased the penalty for scamming instead.

[AgatioX]

China gov just made worse for their folks.

It is an opened war with people's desire to be FREE.

Chinese will just find a way to trade somewhere else.There will be(and actually are) decentralized exchangers (like Bitshares for example) and many other ways.They will find a way.

But country in general making only worse for itself as moneyflow is moving outside China.

[saqibmunir]

The ICO ban is not good for China, but on the other sides, ICOs can be dangerously... So wait for it, bitcoin ban is more dangerous than ICO ban, ICO ban doesn't interest look at US

i think it is both good and bad in some manners and we have seen its effects.
we have seen a severe market crash in the few days and the way market has down to that level it is the good sign for those who are willing to buy and bad sign for those who have invested a lot of their money in it and looking for short term trading.
on the other hand it is good although because we know a lot of ico's who are scam and not so, good and just doing drama for collecting money from the investors. so, it is good to ban those kinds of peoples.

[Bagaji]

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. 

We have already seeing the side effect of the ICO and local bicoin exchange ban by the China government. Bitcoin market value really went down from $4700 or there about to $3,150. But currently the panic sell is over and the price has move to $3,825. 32 as at time of this post, which shows that in no time, bitcoin value will return to $4,600.

[k@suy]

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. 

We have already seeing the side effect of the ICO and local bicoin exchange ban by the China government. Bitcoin market value really went down from $4700 or there about to $3,150. But currently the panic sell is over and the price has move to $3,825. 32 as at time of this post, which shows that in no time, bitcoin value will return to $4,600.

Yes bitcoin now is recovering and I can attest to it. Those price dump is temporary and something like a correction. Thou we admit that bitcoin ba on ICO and closing some exchanges really affects bitcoin price value but that is only temporary.

[MiBambino]

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. 

We have already seeing the side effect of the ICO and local bicoin exchange ban by the China government. Bitcoin market value really went down from $4700 or there about to $3,150. But currently the panic sell is over and the price has move to $3,825. 32 as at time of this post, which shows that in no time, bitcoin value will return to $4,600.

Yes bitcoin now is recovering and I can attest to it. Those price dump is temporary and something like a correction. Thou we admit that bitcoin ba on ICO and closing some exchanges really affects bitcoin price value but that is only temporary.

Indeed, the chinese government want to get as much out of it as possible, and without regulations that's virtually impossible. They won't abandon a cashcow like cryptocurrency, but they will ban it for now ot A. Install regulations, and B. lower the price so they can buy in cheaper

[dunfida]

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. 

We have already seeing the side effect of the ICO and local bicoin exchange ban by the China government. Bitcoin market value really went down from $4700 or there about to $3,150. But currently the panic sell is over and the price has move to $3,825. 32 as at time of this post, which shows that in no time, bitcoin value will return to $4,600.

Yes bitcoin now is recovering and I can attest to it. Those price dump is temporary and something like a correction. Thou we admit that bitcoin ba on ICO and closing some exchanges really affects bitcoin price value but that is only temporary.

Indeed, the chinese government want to get as much out of it as possible, and without regulations that's virtually impossible. They won't abandon a cashcow like cryptocurrency, but they will ban it for now ot A. Install regulations, and B. lower the price so they can buy in cheaper

They cant easily quit on cryptocurrency because they see that they can able to make money with it and now they do really have the plans on regulating exchanges.It is really a good news for us bitcoin holders since they are not totally banning those exchanges but only on regulating them.Well expected prices would recover soon.Abandoning cryptocurrency would really be an impossible thing for them.

[MiBambino]

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. 

We have already seeing the side effect of the ICO and local bicoin exchange ban by the China government. Bitcoin market value really went down from $4700 or there about to $3,150. But currently the panic sell is over and the price has move to $3,825. 32 as at time of this post, which shows that in no time, bitcoin value will return to $4,600.

Yes bitcoin now is recovering and I can attest to it. Those price dump is temporary and something like a correction. Thou we admit that bitcoin ba on ICO and closing some exchanges really affects bitcoin price value but that is only temporary.

Indeed, the chinese government want to get as much out of it as possible, and without regulations that's virtually impossible. They won't abandon a cashcow like cryptocurrency, but they will ban it for now ot A. Install regulations, and B. lower the price so they can buy in cheaper

They cant easily quit on cryptocurrency because they see that they can able to make money with it and now they do really have the plans on regulating exchanges.It is really a good news for us bitcoin holders since they are not totally banning those exchanges but only on regulating them.Well expected prices would recover soon.Abandoning cryptocurrency would really be an impossible thing for them.

True, but don't forget they actually are closing down their exchanges, with one closing sept. 30th and two more are planned by the end of october. It's possible the slight recovery we're seeing is just a temporary bounce that occurs after every single dip/crash