Herbert2020 (OP)
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Activity: 1946
Merit: 1137
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September 05, 2017, 06:14:37 AM |
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we all know that the only reason why ETH went up in first place is a combination of pumping and ICOs.
now that China announced ICOs illegal and put and end to their existence a huge chunk of the investors in ICOs will go away and also people are going to be more afraid now that ICO is officially illegal. so they won't invest in any.
the ICOs so far will also probably cash out their ETH soon.
what will you think will be the future of Ethereum without ICOs to pump it?
how low will it crash?
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Weak hands have been complaining about missing out ever since bitcoin was $1 and never buy the dip.
Whales are those who keep buying the dip.
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alva5763
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September 05, 2017, 06:32:47 AM |
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It is too early to mention just Eth. In last 2 days all coins,including btc, have been hit hard. Let's wait and see if Eth recovers at the same rate as the others.
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civilufo
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September 05, 2017, 06:37:09 AM |
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we all know that the only reason why ETH went up in first place is a combination of pumping and ICOs.
now that China announced ICOs illegal and put and end to their existence a huge chunk of the investors in ICOs will go away and also people are going to be more afraid now that ICO is officially illegal. so they won't invest in any.
the ICOs so far will also probably cash out their ETH soon.
what will you think will be the future of Ethereum without ICOs to pump it?
how low will it crash?
I think ethereum price will drop me unit gangly because token system is the main selling point for ethereum. And there is less dev to create eth token without ICO. I can't predict how low it will go, but at least not as popular as todays. |
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puvanb
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September 05, 2017, 06:45:56 AM |
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we all know that the only reason why ETH went up in first place is a combination of pumping and ICOs.
now that China announced ICOs illegal and put and end to their existence a huge chunk of the investors in ICOs will go away and also people are going to be more afraid now that ICO is officially illegal. so they won't invest in any.
the ICOs so far will also probably cash out their ETH soon.
what will you think will be the future of Ethereum without ICOs to pump it?
how low will it crash?
Ethereum have seen its worst days and it will survive this. It has always been. This is not the first time PBOC is messing around with Crypto Currencies. Best is how they actually take them seriously compared to any other country. Imho Ethereum will bounce back strong. Probably they have lost one key feature with ICO, but the token system is not only about selling ICOs. We may see something else coming out of this mess. And hopefully something good. |
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Legendari
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September 05, 2017, 06:46:54 AM |
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China is not the whole world. I think this will hit ETH but not kill him. Also the Chinese are gamblers on the market, they can circumvent these prohibitions.
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yugyug
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September 05, 2017, 06:49:27 AM |
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ICOs are not dead but are regulated to filtered out scam-proned activity where most scammers abused the ICO trends. Once it is regulated more investor are feel secure about their money though it may have government intervention but future ICOs are more recognised and legitimate to the public thus enhancing the investment confidence to the masses.
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Herbert2020 (OP)
Legendary
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Activity: 1946
Merit: 1137
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September 05, 2017, 06:52:31 AM |
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China is not the whole world. I think this will hit ETH but not kill him. Also the Chinese are gamblers on the market, they can circumvent these prohibitions.
i kind of agree with you. i have said many times that China is just one part of the market, even though that part is a huge part of it. but also when a government in the world does something like what China did with ICO and calls it illegal then the fear will hit the market pretty hard. and remember that ICO is not exactly the most legal thing in other countries either. they don't agree with it nor call it legal. for example i know SEC disapproves of ICO. |
Weak hands have been complaining about missing out ever since bitcoin was $1 and never buy the dip.
Whales are those who keep buying the dip.
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ahrimanbro
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Activity: 66
Merit: 10
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September 05, 2017, 06:54:49 AM |
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crypto aint dead. back to how its supposed to be. projects started from grassroots, airdrops, pow.
look at DEEPonion.
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Hyperme.sh
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Activity: 98
Merit: 10
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September 05, 2017, 06:59:28 AM |
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ICOs are not dead but are regulated to filtered out scam-proned activity where most scammers abused the ICO trends. Once it is regulated more investor are feel secure about?
Incorrect. Existing ICO-issued tokens will become illegal, because investment securities are illegal to exchange if not on a registered exchange. And illegally issued investment securities are never legal to trade. Thus ICO-issued tokens can not be spent decentralized. They are useless because can’t function as a cryptocurrency. At least not legally. look at DEEPonion.
DeepOnion is a scam which is also an obfuscated ICO-issued equivalent so thus is an illegal investment security. Also Tor is a honeypot. More details. |
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abayan
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September 05, 2017, 07:10:53 AM |
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Ethereum will going to continue, its not the ico its the use of eth and not only the chinese were able to use it.
This news is not new to me maybe its a kind of FUD news again. Every year there is a news that bitcoins is banned in china repeatedly.
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Dyn@styN3rd
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Activity: 168
Merit: 10
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September 05, 2017, 07:11:24 AM |
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I think it won't be dead for long. I am positive that someone will set their ICO's up in other countries just like other past ICO's.
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xXLimbXx
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September 05, 2017, 07:28:43 AM |
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Nothing will happen to ETH, just hold on tight and enjoy riding the waves  . |
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nelmari
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September 05, 2017, 07:32:52 AM |
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Since China was the only country to think ICO's are illegal, well it does affect the market at some point but there are still other countries that support the ICO. And with Ethereum I think it will still go down further more but hopefully it'll recover before the year ends. A lot of ICO's are linked to the Ethereum blockchain, I just hope they won't withdraw all their efforts and money from that too.
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eagle10
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September 05, 2017, 07:36:56 AM |
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Ethereum will going to continue, its not the ico its the use of eth and not only the chinese were able to use it.
This news is not new to me maybe its a kind of FUD news again. Every year there is a news that bitcoins is banned in china repeatedly.
Well said. ICO banned is in China only. They are not the only country who is in the ICO. So don't panic because ICO will be here as long as there are communities and supporter. |
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xandriel
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September 05, 2017, 07:38:47 AM |
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Ethereum will going to continue, its not the ico its the use of eth and not only the chinese were able to use it.
This news is not new to me maybe its a kind of FUD news again. Every year there is a news that bitcoins is banned in china repeatedly.
Well said. ICO banned is in China only. They are not the only country who is in the ICO. So don't panic because ICO will be here as long as there are communities and supporter. People have many way to invest ICO. so just dont worry. Maybe China just ban ICO in short term. They need to control it |
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unarcher
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September 05, 2017, 07:45:48 AM |
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China is just one country. The entire world did not ban ICO  |
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Strongkored
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Leading Crypto Sports Betting & Casino Platform
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September 05, 2017, 07:47:36 AM |
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It is too early to predict what will happen to Ethereum after China said that ICO is illegal, for now after Bitcoin Ethereum became one of the coins that has a big community, I think all will go back to normal, the good side is investor will more selective to invest so only good project will get investment
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laluna24
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September 05, 2017, 07:49:01 AM |
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I think it won't be dead for long. I am positive that someone will set their ICO's up in other countries just like other past ICO's.
I believe Ethereum will still be alive and I'm positive this will be pump soon. So for me nothing to worry though there is a news in China that Ico is ban. Ethereum for sure will be hit again in the market and Im excited that it will happen. |
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Igniteratings
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September 05, 2017, 07:50:40 AM |
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Just spoke to a contact in China, investors will simply invest in non-Chinese ICOs, offshore is fine for them.
ICOs are far from dead.
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Carlsen
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September 05, 2017, 07:51:27 AM |
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Ethereum will going to continue, its not the ico its the use of eth and not only the chinese were able to use it.
This news is not new to me maybe its a kind of FUD news again. Every year there is a news that bitcoins is banned in china repeatedly.
Well said. ICO banned is in China only. They are not the only country who is in the ICO. So don't panic because ICO will be here as long as there are communities and supporter. People have many way to invest ICO. so just dont worry. Maybe China just ban ICO in short term. They need to control it Actually I have read that South Korea is planing to do something similar. And it will most likely not be the last country who does so. The ban will not go on for ever, but the number of new ICOs will go down after it. And because they are funded with ETH that will decrease the demand for ETH long term. |
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