the relationship between China's ban on ico and market prices

[#CapsLOck]

it's a panic in china that ICO is now banned, for now the price in the market will be slightly down just for some time. all will return to normal in the future

i think so too.. or is this some sort of a strategy? to just make the price dump? then make another announcemnt like there are not going to ban it to make the price stable or pump again?   

[1713492316]

1713492316

[1713492316]

1713492316

[Juggy777]

why after the Chinese government forbids ico, the state of the market so immediately changed, whether the influence or the relationship between china and decision

China is jealous of Bitcoin as it's been a better performer than its economy, it has done it again, first with the exchanges when the price was high and then with the banning of the Ico. Well they may say it's for good but we all know they can't see Bitcoin succeeding, I feel it's a welcome move as price dropper people brought and made merry all round. But I feel the fear is all but over, prices have rebounded sharply back.

[Sithara007]

why after the Chinese government forbids ico, the state of the market so immediately changed, whether the influence or the relationship between china and decision

China is jealous of Bitcoin as it's been a better performer than its economy, it has done it again, first with the exchanges when the price was high and then with the banning of the Ico. Well they may say it's for good but we all know they can't see Bitcoin succeeding, I feel it's a welcome move as price dropper people brought and made merry all round. But I feel the fear is all but over, prices have rebounded sharply back.

If they were really jealous about Bitcoin, then they wouldn't allow private companies to set up gigantic bitcoin mining farms across China. Also, a large portion of the mining equipment manufacturers are based in China, and the government doesn't seems to have a problem with it.

[OrangeII]

I do not know, but there are some projects that work with china, and when they tire on ico, there are some impacts, such as yesterday's price drop. but, it may happen just because of panic.

[Herbert2020]

at first sight it may seem like there is a relationship between "China banning ICO" and "market prices" but when you pay more attention to the details of these movements you can see the only relationship has been between "China banning ICO" with "ICO" and "ICO platforms such as ethereum,..." prices. they are the ones that should be affected directly.

the rest (like bitcoin price falling) has been because of FUD where people said lied "China banned crypto". and as you can see that is resolved now.

and after a while it will only be China that banned ICO. if other countries feel this scam they will also ban ICO and we can finally get rid of all the scam ICOs once and for all.

[subSTRATA]

China banning stuff...again and again.
China has been banning things since 2013 and it's the same old story.

They ban something but the law is not clear and in fact they haven't banned anything but they plan on banning something.
In two week we will hear that tokens are legal in China and the news was a mistake and in two more they will be banned again.

Rinse and repeat. In the meantime you can start buying some even if you are in China.

even if they do reverse their decision, it was a pretty big show of power from the chinese government that they have the power and means to affect the bitcoin market; that alone i think is a powerful card to hold. they didnt even issue a ban on bitcoin itself, just a ban on crowdfunding projects. and with that, they managed to knock down bitcoin's price more than 10% practically overnight. of course, we have recovered most of the damage now, but imagine if another superpower, lets say, the US, bans ico's as well. at that point, i wouldnt hesitate to say that the damage would take at least a year to recover from, even partially.
of course, people spreading FUD have a part in it too, but personally i think they're too easy to see through and don't have a sizeable impact on the market.

[Carlsen]

at first sight it may seem like there is a relationship between "China banning ICO" and "market prices" but when you pay more attention to the details of these movements you can see the only relationship has been between "China banning ICO" with "ICO" and "ICO platforms such as ethereum,..." prices. they are the ones that should be affected directly.

the rest (like bitcoin price falling) has been because of FUD where people said lied "China banned crypto". and as you can see that is resolved now.

and after a while it will only be China that banned ICO. if other countries feel this scam they will also ban ICO and we can finally get rid of all the scam ICOs once and for all.

When there is bad news for one of the big crypto currencies, that naturally affects the other coins as well, including bitcoin.
So to me  it is explainable that bitcoin got pulled down to a certain degree.
But it is strange for me to see that ETH is recovering faster than bitcoin does.
The only thing I read is that BTC-e is back online. Might this cause the improvement we see today?

[DoublerHunter]

They have a great connection between the china's ban for the ico and also for the market prices of the altcoins and even bitcoin in the market because it is a huge effect for the whole market because we know that most of the investors in this industry are chinese and if their country banned ico then they cannot participate anymore so the chance for the market to gain more volume is very low which makes the market users lose some hope.

[stompix]

China banning stuff...again and again.
China has been banning things since 2013 and it's the same old story.

They ban something but the law is not clear and in fact they haven't banned anything but they plan on banning something.
In two week we will hear that tokens are legal in China and the news was a mistake and in two more they will be banned again.

Rinse and repeat. In the meantime you can start buying some even if you are in China.

even if they do reverse their decision, it was a pretty big show of power from the chinese government that they have the power and means to affect the bitcoin market; that alone i think is a powerful card to hold. they didnt even issue a ban on bitcoin itself, just a ban on crowdfunding projects. and with that, they managed to knock down bitcoin's price more than 10% practically overnight. of course, we have recovered most of the damage now, but imagine if another superpower, lets say, the US, bans ico's as well. at that point, i wouldnt hesitate to say that the damage would take at least a year to recover from, even partially.
of course, people spreading FUD have a part in it too, but personally i think they're too easy to see through and don't have a sizeable impact on the market.

If the US does this , then we can say for certain that we're .. you now what.
Unlike China, the US is usually followed in their decision by other countries.

Nobody really gives a damn about Chinese policy and their laws.
But if the Congress makes a move against tokens, ouch this is going to hurt not for a year but for tens.
But for now they have bigger problems than a crypto world with a marketcap of some 180 billions.
They have a 14 trillion problem knocking at their door in a few weeks.

[kucritt]

its incident make some people panic sell with their bitcoin, some people believe that this incident make some people think that bitcoin will not popular and can't grow like usually, but i think its is a good news you can buy it now when the price is down and  best idea for make some investment 

[CryptonomyCapital]

China banned only some ICO projects, and I think that it was because of lack of regulation, so it's normal.

[Denov Setu]

This is normal when the issue of banned some ICO  makes many people who have Altcoins take the decision to sell them,, as we know many Chinese people who have bitcoin or other cryptocurrency

[Medisson222]

Hi, What do think about  welltrado.io? I saw Celcius network already raised 30M usd, do you think Welltrado could raise more?

[19nataliya12]

Currently, according to experts, China's share in the ICO market ranges from 15% to 40%. "It's impossible to know exactly what proportion of Chinese ICOs are on the global scale, I suspect that 30% -40% of ICO investors around the world are Chinese.The volume of ICO trading (after the ban is introduced) will continue to grow rapidly in South Korea and Japan, each of the two countries may account for the greater part of global ICO trading volumes and large crypto-currencies such as Bitcoin

[zhanyiguai261315]

Although the ico is forbidden in China!

But in China's technical team, it is possible to carry out projects in countries other than China!

Only ico's crowd-funding can not be carried out in China, it is quite a loss!

[fadinedal]

It's just a panic situation in china right now because of the regulation

[kazane]

規制は不可能でしょう。出来るのはマイナーに圧力をかけるくらいのこと

[musta5a]

why after the Chinese government forbids ico, the state of the market so immediately changed, whether the influence or the relationship between china and decision

many chinese people were holding cryptocurrencies, after the ban they panic sold. same thing happened with speculators worldwide who thought the prices would fall due to that

[Amanda Green]

There are a lot of frauds in the ICO market. When I was looking for reliable ICO for fresh specialists, I found Socratus. It is a platform for insurance companies that was created in order to make the communication between customer and insurance company more convenient and simple. With this ecosystem, companies will be able to cut operating costs, create new insurance products, deal with data analysis more efficiently and many other benefits. Right now, it is on the stage of private token pre-sales. And I think that it is really worth investing in.

[necessary]

Actually, this is really good for Bitcoin.