ICO's killing crypto

[kirito1614]

Awful icos are harming crypto, however this too should relax and still crypto will survive. ICOs are harming crypto, however this too might take a break and still crypto will survive. ICOs are taking valuable market top from what could be put into Bitcoin. They bring a radical new measurement to crypto that we have never observed.

[stockblock]

ICO's and IPO have same thing in common. Its risky. Most of the success depend on team, marketing and a bit of luck.

[coinpennant]

Why do you think so? With ICO you can get good coins for good price. For sure you need to know where to invest and how. This part is always tricky!

[GFE]

It was expected that governments would take attempts to regulate ICO and criptocurrecies at all (exchanges and etc). Capitalization growth of criptocurrences has big influence on governments strategy - the bigger capitalization growth of crypto the more efforts will be applied to regulate it.

[Hyperme.sh]

5) All governments of the world accuse North Korea of using Bitcoin to fund their weapons program and attempt to impose draconian regulation (this is coming and will mark the biggest test for Cryptocurrency)

https://www.bloomberg.com/news/articles/2017-09-11/north-korea-hackers-step-up-bitcoin-attacks-amid-rising-tensions
http://www.businessinsider.com/north-korea-allegedly-stole-bitcoin-from-south-korea-2017-4
https://www.coindesk.com/report-north-korea-targets-south-koreas-bitcoin-exchanges-cyber-attacks/
https://www.cnbc.com/2017/09/12/north-korea-hackers-trying-to-steal-bitcoin-evade-sanctions.html

This narrative is the same one pushed by the mainstream media with regards to Iraq and it's WMD program. Similarly, they cite no evidence of North Korea using Bitcoin yet they'll keep regurgitating this talking point until it the banhammer comes down. The Potcoin project is also to blame for this facilitating this narrative when they sent Dennis Rodman over there in Potcoin attire.

Not that extreme. They’re just going to leverage the ICO regulation to increase the digital tracking of everything we do:

In December meanwhile, more stringent identification of virtual currency holders who convert funds to fiat will come into being, with the onus on businesses to ensure they can identify customers behind the conversions.

Banks will also monitor “unusual” cashflow events.

“We will start the transaction by confirming the identity of the bank and monitoring the flow of funds,” the official continued.

“It will facilitate tracking of funds … and provide a basis for preventing money laundering such as suspicious transaction reports."

Japan on it's move to regulate cryptocoins, has started licensing exchanges operating inside it's jurisdiction.
https://www.bitsonline.com/japanese-exchanges-licenses/

Quoinex becomes the first to get such license followed by bitflyer.

So, are we going towards more kyc, identity verification, source of income, income tax, profit tax, remittance tax?

[dolan564]

Why do you think so? With ICO you can get good coins for good price. For sure you need to know where to invest and how. This part is always tricky!

I think this depends on what your goals are and how to go about them. Quick profit? don't invest long, invest and short it immediately.

for long term investments, it takes more research of the company, vertical that it's in, the problem it's solving and it's product, etc.

[beerlover]

Without ICOs, there would be no Ethereum. Without Ethereum, the crypto market wouldn't have grown so fast. It's attracting a lot of capital right now.

You're right, ICO are ethereum provider. Anyway, we can benefit them also and still there's a big rewards in joining their campaign.
And some ICOs are successfully launch, but some of them are vanished in the middle of their campaign(scam).

We cannot really do much about this, can we? It is normal for anything to have advantage as well as disadvantage. So I guess we will just have to stick with what we have presently since the innovation behind ethereum has really helped to spring up some quality coins as well and also helped generate a lot for the crypto community as a whole.

[Domineum]

On one hand, ICOs are taking precious market cap from what could be invested into Bitcoin.

On the other, they bring a whole new dimension to crypto that we have never seen before.

It is just such a shame they are almost always pump-and-dump scams.

It is sad a lot of them are like that. You've got your weak hands in the beginning and that's it if its a good project. You're right, they bring so much opportunity to not only the financial world, but the way people live life daily. Just gotta hunt for the good ones!

[dutchkay]

Banning ICO is actually a good thing, people have started messing it up and turning it into scam. Chinese did a good thing to regulate it. ICO really messed up crypto space and I believe with regulation market will be back to what it use to be.

[bosses]

I agree, but not completely because ico they lure many new people to this market and this is a positive side.

[h1h2h3_c]

Nevertheless, in the crypto trading markets there are many whales that playing on the bad news, to instill our fear with the intention to collect good coin at the lowest price possible.
After the bad news is over there will be a turn to hype on the good news for the "distribution" to small player.

This is similar like in the stock trading markets, bigger fish will eat smaller fish.

Crypto is a international currency and there is a lot of big whales which have pretty big experience then they are trying their logical tricks to apply to make the market down like they are trying to instill fear in the people about the crypto currency with some bad news and after that with some good news they can gain a big profit.

[Ging]

crypto have never been the same since ICO0 the ICO coin sales value steered throughout the year 2017 are more than ten times as much as in all of last year

[Flodemaga]

Well Icos are and will always be a part of the ecosystem, there are a lot coins wich havent been live due to lack of funds, sure some coins did raised more money they need, but its because people believe and trust into the coin and its potencial. Before a lot ico were live at yobit and the most of them were just shitcoins, nowadays we do see some good coins coming and good projects borning.

[aoihs00]

Recent news of the imminent closer of many Chinese exchanges is the direct result of them dealing in ICOs, I've been shocked for the longest time other countries have done so, allowing ICO's to fly under regulators radar, however its only just a matter of time.

There is no shocking news in that as long as the ICO gets banned from the whole world. Lols. That would be real shock though.
Well, getting the ICO under regulators radar doesn't mean that it's of no use. But it is being done for us, so that we the people won't get spammed as the investors of ICO. Chinese plan is the same as far as roumors are seen on the internet. If the ICO becomes regulated everywhere then it will create a system of justice where we can invest the money with full confidence as we will be knowing that every bit of ICO is true and legit from now onwards. No spams, and only the profit that we can grab after successful implantation of the particular ICO.

[Pattart]

Without ICOs, there would be no Ethereum. Without Ethereum, the crypto market wouldn't have grown so fast. It's attracting a lot of capital right now.

You're right, ICO are ethereum provider. Anyway, we can benefit them also and still there's a big rewards in joining their campaign.
And some ICOs are successfully launch, but some of them are vanished in the middle of their campaign(scam).

Etherum is a form of the success of a cryptocurrency. many people are then interested in trying to invest in cryptocurrency because they are first acquainted with etherum. seeing etherum is a form of an ICO that successfully gets crowdfunding from many people. so i think ico does not kill crypto

[Thyaga]

Etherum is a form of the success of a cryptocurrency. many people are then interested in trying to invest in cryptocurrency because they are first acquainted with etherum. seeing etherum is a form of an ICO that successfully gets crowdfunding from many people. so i think ico does not kill crypto

lol just now ICO does not have such an impact anymore because so many shitcoin are holding ICOs, do not talk about Ethereum it is a successful coin now we are talking about coins that held ICO in this year, which is successful only slightly.

[Cryptonodes]

I don't think so.

ICOs are a big crypto achievement.

ICOs are very popular and are spreading crypto among the public.

[coinsensus]

Recent news of the imminent closer of many Chinese exchanges is the direct result of them dealing in ICOs, I've been shocked for the longest time other countries have done so, allowing ICO's to fly under regulators radar, however its only just a matter of time.

Totally agree! I was also shocked! And people like Buterin should avoid lending their faces to some ICOs!

[Images21]

I still think that ICO can be recovered from this mire of controversies. China's decision to put some regulation in the ICOs offered in the market is just right. And now news that South Korea will do the same is another step to clean ICO of scam projects. When all these are done, ICOs will become not as controversial as it is right now.

[Gnosis7777]

SEC charges first ICO company with fraud:

https://www.sec.gov/news/press-release/2017-185-0

Washington D.C., Sept. 29, 2017—
The Securities and Exchange Commission today charged a businessman and two companies with defrauding investors in a pair of so-called initial coin offerings (ICOs) purportedly backed by investments in real estate and diamonds.

The SEC alleges that Maksim Zaslavskiy and his companies have been selling unregistered securities, and the digital tokens or coins being peddled don't really exist. According to the SEC's complaint, investors in REcoin Group Foundation and DRC World (also known as Diamond Reserve Club) have been told they can expect sizeable returns from the companies' operations when neither has any real operations.