China ICO banned >>> ETH and tokens raise?

[grexmebeen]

ICO is banned in China, does this mean that Chinese money will go to Ethereum tokens (Golem,  Lisk, TIME...)?

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[zabisux]

I don't think so... They generally returned back to NEO. You know neo is new alternative to Ethereum. Also bitcoin and cash. As their prices raised back.

[qrnamol]

ETH is gonna die when NEO gonna unleash it's full potential, mark my words See ya in 2018Q1 / 2018Q2.
90% of all ETH ICOs are pure scam, only few are worth mentioning.
What chinesee did, is to not ban ICOs, but get regulations, so 99% of scam ICOs won't pass thu them. Only the ones worth investing prevail, so our - investors - money, will go to decent developers, and not scammers.

[Bowtiesarecool]

I don't think so... They generally returned back to NEO. You know neo is new alternative to Ethereum. Also bitcoin and cash. As their prices raised back.

Looking forward to NEO gunning for new ATH

[grexmebeen]

I don't think so... They generally returned back to NEO. You know neo is new alternative to Ethereum. Also bitcoin and cash. As their prices raised back.

but NEO is Chinese ?

[Katashi]

I was wondering with this one too, anyone here who has NEO as of now?, does it the value of NEO depletes? NEO is a china base ICO right?, so meaning for this events i believe NEO must be the first coin that will be affected by china's decision of ICO banning.

[devollito]

Yes..its just for a while. When china goverment publish the announcement  for ico regulation neo will goes high and money from ethereum will goes yo neo. I am little bit scary abput the price of athereum today. It is too high. And there is a neo as ethereum competitor now.

[RonnyD17]

The Chinese gov aint so stupid that they wud make a make to hurt their own and allow foreigners to thrive.

This is a move to screw Ether.

[PAKYU]

but you are missing one point, those ICOs working with ethereum. how possible will ethereum raise?

[DenysM]

The spread of fear, uncertainty and doubt (FUD) over the ban on ICO in China seems to be coming to an end: after the panic that swept the financial market participants in connection with the announcement of the ban on ICO, Chinese start-ups began to return the funds collected to the ICO, and the organizers abolished the blockade. Information was found that China intends to allow ICO after the establishment of licensing rules.
There are no schedules for creating the necessary regulatory measures that will make the ICO activities under the control of the state, not currently named.
About this government official, said a representative of the Institute of Finance and Banking Hu Bing on the local television channel CCTV-13.
Sorry for my english

[jahead]

The spread of fear, uncertainty and doubt (FUD) over the ban on ICO in China seems to be coming to an end: after the panic that swept the financial market participants in connection with the announcement of the ban on ICO, Chinese start-ups began to return the funds collected to the ICO, and the organizers abolished the blockade. Information was found that China intends to allow ICO after the establishment of licensing rules.
There are no schedules for creating the necessary regulatory measures that will make the ICO activities under the control of the state, not currently named.
About this government official, said a representative of the Institute of Finance and Banking Hu Bing on the local television channel CCTV-13.
Sorry for my english

https://twitter.com/cnLedger/status/906195967908601856

wtf, and everybody is panicselling and going crazy on the exchanges, krakens performance is like old grandma.
the people have to chill and stop selling. im stuck in eth and missed the dump&pump and hope everybody gets relaxed. 

[BitPACK]

it is very good manuplation. and nobody asks: how government ban exchange in china on friday night?

[jahead]

it is very good manuplation. and nobody asks: how government ban exchange in china on friday night?

  i was thinkingtotally the same and thought at first "ok maybe its something special in china to publish something big on a friday - close to wthe weekend or culturestyle i dont know" and as well there was no official announcement, only some bad google-translated quotes and then finally some dudes from twitter had the thought to ask the exchanges directly what is going on... pfff people are like sheeps.

[BitPACK]

it is very good manuplation. and nobody asks: how government ban exchange in china on friday night?

  i was thinkingtotally the same and thought at first "ok maybe its something special in china to publish something big on a friday - close to wthe weekend or culturestyle i dont know" and as well there was no official announcement, only some bad google-translated quotes and then finally some dudes from twitter had the thought to ask the exchanges directly what is going on... pfff people are like sheeps.

yes our thought is right but how the investor don't think it? they are dumping their bag in a 10 minute.

[cnr_crypto]

ETH is gonna die when NEO gonna unleash it's full potential, mark my words See ya in 2018Q1 / 2018Q2.
90% of all ETH ICOs are pure scam, only few are worth mentioning.
What chinesee did, is to not ban ICOs, but get regulations, so 99% of scam ICOs won't pass thu them. Only the ones worth investing prevail, so our - investors - money, will go to decent developers, and not scammers.

Where in the hell do you get the "90% of all ETH ICOs are pure scam" statistic from? Granted, many of them are unoriginal but I would argue that a minority are actual scams.  Furthermore, it will take A LOT of major fuck ups within the ETH community to completely divert people to NEO or other Chinese-backed currencies. Remember, we are talking about a government which controls all aspects of every industry within, and many outside, of its traditional borders. People talk about fear of SEC regulation, but at least the process to that regulation is fairly transparent. The "Party's" regulation process is one you won't know about till it reams you from behind.
Long term, there is no way investors with legitimate concern for where their money is being held or who it is being held by will invest in an organization backed by an opaque regulatory organization.

[Sullivan456]

After the issuance of the token of the People's Bank of China (Tohoku) tokens, more than 40 ICO platforms have announced their inactivity. Banks also received instructions to stop providing services to ICO platforms. These services include: account opening, transaction, payment ... For current ICO accounts, the bank will check, assess the risk of hidden money laundering. If there is a violation, this account will be processed.
Although ICO is banned, many investors still believe in the development of blockchain technology behind Bitcoin. "Cryptocurrency is still worth the investment, what comes down is there."

[Sarcasm]

After the issuance of the token of the People's Bank of China (Tohoku) tokens, more than 40 ICO platforms have announced their inactivity. Banks also received instructions to stop providing services to ICO platforms. These services include: account opening, transaction, payment ... For current ICO accounts, the bank will check, assess the risk of hidden money laundering. If there is a violation, this account will be processed.
Although ICO is banned, many investors still believe in the development of blockchain technology behind Bitcoin. "Cryptocurrency is still worth the investment, what comes down is there."

I also agree, we know the rules were created forbidden, 
maybe the Chinese people will not take silence, because ICO one of the new breakthrough to have a fund or a new business 

[Mazt rhiezt]

Is not that something that often happens in China with some limitations that really improve their idea in overcoming the illegalization in their country.
I can say this is just some kind of marketing strategy that they will definitely find something more profitable than their prohibition.

[bbc.reporter]

@grexmebeen. No, all the investors will go back to bitcoin and the other trusted proof of work coins like litecoin, Monero. While some investors will go to the more speculative mined cryptocoins like viacoin on vertcoin.

The predict next step of the bans will be on the exchanges. The SEC might start ordering them to delist ICOs by December this year.

[ahtremblay]

I don't think so. NEO will have their own way to solve this problem