what will happen to ETH now that ICO is dead?

[NerdYale]

We'll just hope this is shortlived and eth recovers.  For the meantime,  is it advantageous to buy altcoins since  they are taking a dive?

[1715210579]

1715210579

[1715210579]

1715210579

[1715210579]

1715210579

[VTS]

2 scenarios for me:

1. Currently we have 4 countries regulating or trying to regulate icos. This is still not the hole world. Other countries might slowly follow and icos will be regulated everywhere. The regulations will force platforms or issuers of icos to register a company, be transparent, pay taxes and give guaranties to investors and be fully legal responsible. So platforms like ETH will need to compile with local laws.

2. Not all countries will follow, anonymous coins will rise and icos will be held in countries with no regulations. Everything will work as before...

ETH might temporary loose but in regards of this 2 scenarios stabilization should come. (Im not endorsing to invest in ETH, tho)


I more worry what kind of damage scam icos can do to ETH in the long run....

So something needs to be done against scam icos in future: Community driven audit service? https://bitcointalk.org/index.php?topic=2135456.40

[kryptqnick]

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.

Yes, and there are many Russian icos built on eth, maybe more than Chinese. The only crypto to which this ban might be the end is NEO, for we all hoped this will be the currency on which Chinese will make their icos and thus pump it very well.
Now is just bad times for currencies and good times for smart investors, I guess. By the way, eth is still almost $300 and ltc is $65, so I guess they're not hurt a lot by the ban. Btc is $4240 which is sad, but I hope to see it recovering soon, because it is definitely not affected by ico bans. I hope Chinese mining farms keep going though.

[CryptoClown]

Eth will most likely take a short term hit and they rebound because ICOs are not actually dead.  Way too much FUD happening and over the news.

[luvbeening]

Eth will most likely take a short term hit and they rebound because ICOs are not actually dead.  Way too much FUD happening and over the news.

just imagine on a question: why my ICO is defined as an illegal project,while ETH was/is also an ICO is legal?

then there is an answer from goverment: who said ETH is legal?

cheers!

[pearlmen]

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?

Although the news came as a shock and the entire market reacted to it badly and even ongoing ICOs may even be hit badly and feel it much more than the already completed ones but I feel its just another attack that is bound to happen and if this is being recovered from, another  one is around the corner that's how its going to be. But Chinese people reactions needs to be seen more than the way its being portrayed because when they found out that news from their end is not affecting bitcoin, they attack the next popular coin which is ETH and indirectly affects bitcoin.

[mevmike]

China is just one country.
The entire world did not ban ICO

Definitely correct...
China is not the whole world...
And not all ICO's are found only at China...
Therefore time will come that all legal ICO's will bounce back...
.
And if the real intention of Chinese government is indeed to eliminate fraud ICO's.
Then i salute them...

[luvbeening]

China is just one country.
The entire world did not ban ICO

Definitely correct...
China is not the whole world...
And not all ICO's are found only at China...
Therefore time will come that all legal ICO's will bounce back...
.
And if the real intention of Chinese government is indeed to eliminate fraud ICO's.
Then i salute them...

definitely wrong.
right now China just set an extremely good example/standard for "how to get rid of ICO",there will be more and more countries would follow China steps.

[stealth.money]

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?

Bagholders will continue to pump and insiders will continue to hype it up even though there is nothing to hype at this point.

[diguyo]

It'll be fine, will take a hit and bounce back. ETH is not all about ICOs and even then long-term this security increase is a good thing, it will breed confidence and avoid the scams.

[VTS]

China is just one country.
The entire world did not ban ICO

Definitely correct...
China is not the whole world...
And not all ICO's are found only at China...
Therefore time will come that all legal ICO's will bounce back...
.
And if the real intention of Chinese government is indeed to eliminate fraud ICO's.
Then i salute them...

definitely wrong.
right now China just set an extremely good example/standard for "how to get rid of ICO",there will be more and more countries would follow China steps.

It is not about getting rid of ICOs its about controlling them, sort out scam and prolly take financial advantage (Tax collection).

[Teraboy]

China is just one country.
The entire world did not ban ICO

Definitely correct...
China is not the whole world...
And not all ICO's are found only at China...
Therefore time will come that all legal ICO's will bounce back...
.
And if the real intention of Chinese government is indeed to eliminate fraud ICO's.
Then i salute them...

china is among the biggest source of investors and huge money they throw into all these ICOs, can't resist that they'll affect the crypto world significantly. really hope that chinese investors will be allowed to invest into ICO again through some regulation just like the way US does.

[BitcoinHodler]

i don't think ethereum is just going to die that easily. it will take a long time for something that has very deep pockets and good pumpers behind to die off.
but it is going to be a pretty interesting couple of weeks ahead in my opinion where we can see how things will change.

if in fact new ICOs stop being created or stop succeeding in getting any funds then it will be a pretty big hit on ETH. but if nothing changes and ICO scams continue as before, then nothing will change for ETH either.

[Renji Abarai]

ICO is dead? No its not, though China is one of the big market still there are other parts of the world that is still  ICI is open. I applaud for China's move, that is to protect the investors from fraud ICO's. Now, with this move I hope theirs a body that will evaluate all ICO's and release to public what is ready and a stable company ready for ICO's with their approval.

[uelque]

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.

Exactly, so there will only be a dead fraud ICO's. And I guess it would be better for ethereum. I also see it as an improvement for ethereum, and for me it is a proof that ethereum is being more accepted because china is implementing for it's better use.

[Hamphser]

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.

This would really be the time that ETH would go back to its track back in previous months when the price isnt still yet high.The news did really give big effect since most ICO are using commonly ETH platform and its being banned already on China which i do believe that large investors came into that place which would really mainly affect the price and talking about recovery i guess it would takes time for sure.

[coingrow]

Believe it or not but Most of ETH was being used to buy into ICO's. This decision is not going to kill ETH for sure, as china is not the only place from where money was flowing into ICO's, but yeah, there would be short term supression in price. For long term, we will have to wait and watch

[pendekar cinta]

How is the continuation of the investors later? especially if they already spend how the continuation of the investors later? especially if they are already spending huge amounts of money and can make a very deep disappointment for his life may this rule only a moment so that over time can return to the original again and will emerge some new ico better than ever.

[chongo]

i dont get it why people say ICOs are dead? Its only China.... and dont you think chinese people who want to participate in ICOs will find ways to do it?
ETH has a great future and also NEO does u will see!

[pikadut]

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.

if it is true ico banned all over the world,
this is the end of everything let alone our bounty hunters.  ;