Facebook bans Crypto Ads - Bitcoin Falls

[patrickreiner]

No, I don't believe the recent fall has anything to do with facebook. There are tons of misleading and scammy things going on in the crypto space, so I believe banning those ads is good.

[VclDm]

As stated in the message in the official Facebook blog, the company will not allow the publication of advertisements of "financial products and services that are often associated with misleading or deceptive promotion methods."

I think this is just a move aimed at relieving Facebook of the stress involved in the cryptocurrency market. I also know Facebook is researching crypto for Facebook itself so I believe that Facebook's ban on crypto promotion is temporary.

[StonedWolf]

Since facebook is one of the most popular sites in the internet. The fact that he denied bitcoin and refused its use, would affect investors , and therefore bitcoin value. These actions made it lose some credibility, ,some face. That what caused its value to fall. Let s just hope it doesn't fall again and that other sites don't follow facebook path.

[Alvaro094]

Well already many people have said the Facebook ban on crypto promotion is don't linked with Bitcoin's crash. But how bounty-hunter I would like to know if FB's ban is only for  ICO pages promotion and also those who promote it? because till here I haven't any issue with my profile. 

[Marcsymon]

So as you might have already heard, Facebook has taken a step against crypto ads asking people to participate in ICOs etc. And in the same time, bitcoin value has experienced quite a significant fall.
Is this bitcoin value fall an affect of this ban by FB?
It may not be the only reason but I would say it will surely have some impact on crypt market cap and ICOs as well.

I think FB banning will not affect the Bitcoin and Altcoins current performance because there are still lot of ways to promote these coins like using twitter, youtube, medium, signature campaign, bitcoin news sites and many more but now all ICO can use the FB advertising service again as long they will pay for it. So still money is the real reason of FB banning the ICO.

[sana54210]

So as you might have already heard, Facebook has taken a step against crypto ads asking people to participate in ICOs etc. And in the same time, bitcoin value has experienced quite a significant fall.
Is this bitcoin value fall an affect of this ban by FB?
It may not be the only reason but I would say it will surely have some impact on crypt market cap and ICOs as well.

It’s a necessary step that is being taken by many social media platform and also Google has done the same think. Social media are banning the ads of the ICO’s and stopping them from being promoted just because according to government, the ICO’s are highly risky and most of them are scam nowadays.

So to protect people from losing their investments, this step is being taken by platforms that display ads and have significant traffic. So, that might be the reason for today’s dip in market. It should recover soon though.

[bitgolden]

I don't think this will have any real impact. And the reason bitcoin fell today  was probably more due to the investigation into tether and bitfinex. Also, South Korea (a huge part of trading volume) banned anonymous trading today. So that probably had a big effect too.

Yeah, that can be true. Today’s dip in market must have been due to south Korean government taking actions against anonymous exchanges and banning them.

This surely must have reduced the trade volume and must have forced people to cash out their money from the exchange leading to drop in total market capitalization.

Also, I heard some news about tether that it is freezing and blocking tether addresses. So people should stay away from tether and use fiat currencies if possible.

[panukurap]

Indeed now facebook has banned ads related to crypto, but I think that does not really impact on bitcoin prices, there may be other things that make bitcoin prices are now starting to fall again, because no one knows for sure why bitcoin prices are now down again.

[gamalzour]

Today so much FUD news, BTC down so much!
Hope we can stay still through all of this things

Don’t worry, these things wont affect the market in a major way. One day or the other this was gonna happen. We live in countries that have certain rules and regulation. As crypto currencies and its exchanges are being regulated and anonymous exchanges are being banned, it will just affect market for a short period of time till people transfer their funds to some other exchange and reinvest in the coins. Soon the market will recover and see bullish trend after all regulations have been applied and all the FUD is over about crypto market.