Facebook ban ads for cryptocurrencies and ICO'S, what will be the effect?

[paparexon0414]

I read this interesting articles and thinking what will the effect of this in the bounties that needed some social media campaign. This is part of the article "Facebook announced a ban on advertisements for "binary options, initial coin offerings and cryptocurrency." The blanket decision is part of the social media giant's efforts to prohibit ads for financial products and services "that are frequently associated with misleading or deceptive promotional practices."
If you want to read the whole story, just check this out. And tell your insights

https://www.cnbc.com/2018/01/30/facebook-ban-on-bitcoin-ads-latest-in-very-bad-day-for-cryptocurrencies.html

[Xester]

I read this interesting articles and thinking what will the effect of this in the bounties that needed some social media campaign. This is part of the article "Facebook announced a ban on advertisements for "binary options, initial coin offerings and cryptocurrency." The blanket decision is part of the social media giant's efforts to prohibit ads for financial products and services "that are frequently associated with misleading or deceptive promotional practices."
If you want to read the whole story, just check this out. And tell your insights

https://www.cnbc.com/2018/01/30/facebook-ban-on-bitcoin-ads-latest-in-very-bad-day-for-cryptocurrencies.html

Well it would be hard for nee currency to makes it way to the market and for people to invest with it.  As to the decision of facebook to ban cryptocurrencies on their site maybe because many of these are scams.  They are just protecting us.  Anyways, as long as my country will not ban bitcoin it is okay for me.

[Newboybb]

First of all, it is a good decision for facebook to ban the advertising of the ICO, since many ICO projects are a fraud project, so if they are allowed to advertise, they may face legal problems.
But that is bad news for the entire cryptocurrency market, where new information is not available through facebook and a lack of access to the market.

[jrrsparkles]

I read this interesting articles and thinking what will the effect of this in the bounties that needed some social media campaign. This is part of the article "Facebook announced a ban on advertisements for "binary options, initial coin offerings and cryptocurrency." The blanket decision is part of the social media giant's efforts to prohibit ads for financial products and services "that are frequently associated with misleading or deceptive promotional practices."
If you want to read the whole story, just check this out. And tell your insights

https://www.cnbc.com/2018/01/30/facebook-ban-on-bitcoin-ads-latest-in-very-bad-day-for-cryptocurrencies.html

No worries,It is not going to make any big impact on the crypto currency market.Because facebook just banned or restricted paid promotions of crypto currency advertisements but the individuals can post or share anything about crypto currency.So facebook bounties are also not in any problem.

[imutzz]

What a shame, i think mark want to make his own cryptocurrency and monopoly the ads for him self, its just my opinion though. But this ads ban will make new cryptocurrency harder to improve, still much another platform to put an ad but still facebook is a big platfrom.

[criz2fer]

I read this interesting articles and thinking what will the effect of this in the bounties that needed some social media campaign. This is part of the article "Facebook announced a ban on advertisements for "binary options, initial coin offerings and cryptocurrency." The blanket decision is part of the social media giant's efforts to prohibit ads for financial products and services "that are frequently associated with misleading or deceptive promotional practices."
If you want to read the whole story, just check this out. And tell your insights

https://www.cnbc.com/2018/01/30/facebook-ban-on-bitcoin-ads-latest-in-very-bad-day-for-cryptocurrencies.html

Good thing for facebook, because they dont even know who is the scam for every advertisement being made. Facebook will be judge like they are supporting this scams if it will still continue. Althoug it will have a big effect in the market in gaining investor in the future. But there still other social media that can still support cryptocurrencies like youtube and twitter.

[Thanasis]

I read this interesting articles and thinking what will the effect of this in the bounties that needed some social media campaign. This is part of the article "Facebook announced a ban on advertisements for "binary options, initial coin offerings and cryptocurrency." The blanket decision is part of the social media giant's efforts to prohibit ads for financial products and services "that are frequently associated with misleading or deceptive promotional practices."
If you want to read the whole story, just check this out. And tell your insights

https://www.cnbc.com/2018/01/30/facebook-ban-on-bitcoin-ads-latest-in-very-bad-day-for-cryptocurrencies.html

No worries,It is not going to make any big impact on the crypto currency market.Because facebook just banned or restricted paid promotions of crypto currency advertisements but the individuals can post or share anything about crypto currency.So facebook bounties are also not in any problem.

Yeah,you are right bacebook banned the paid promotions only not the ICOs or crypto currency ads from individual persons.But I think it is a good thing for the facebook because lot of scam projects uses facebook for promotion to attract the investors and will run away with their money,So this ban can stop from trapping into scam projects.But I am also think it is not going to make any big impact in crypto field.

[alyssa85]

The mainstream media are presenting this as bad for Bitcoin. But it's actually bad for Ethereum.

Very few ICOs are priced in Bitcoin. Most are priced in Ethereum, and the Mobius ICO was priced in Stellar Lumens. So those are the coins that are impacted by this.

[Kprawn]

The ICO's {legit or not} are making a impact, because it is money flowing into Bitcoin. I am not saying scam ICO's is a good

thing, but it is part of the whole ecosystem. Once you take away one of the major sources of FREE advertising for these ICO's,

you also cut off potential buyers of Alt coins and Bitcoin. My question is, why discriminate against Bitcoin, if PayPal and CC's

are used for the same thing? {Stolen CC is rampant}  

[zngit]

Maybe the big reason behind is the BIG SCAM.
In my opinion many investors cheated by scam ICO project.
Almost everyday there is always new topic arises in altcoins section that the " project of_____ is Scam."
The effect will be huge most specially to ICO that have Facebook campaign.This is just what I think.

[tanoe]

Maybe the big reason behind is the BIG SCAM.
In my opinion many investors cheated by scam ICO project.
Almost everyday there is always new topic arises in altcoins section that the " project of_____ is Scam."
The effect will be huge most specially to ICO that have Facebook campaign.This is just what I think.

ya, that's the fact. For Facebook, the move is the latest attempt to protect the integrity of its advertising platform, which over the past 12 months has been under fire for enabling Russian propaganda and other inappropriate content.

[hatshepsut93]

This is bearish news for crypto market, because it shows that a big IT company doesn't trust ICO's. Smart people already know that ICO's and altcoins are most likely in a bubble that will burst when everyone will realize that they are just worthless scams, and this signal reinforces this prediction. Also, this will negatively affect Bitcoin, because people will think that all cryptocurrencies are junk, but in the long run Bitcoin will not be affected, because it's pretty easy to spot the differences that make Bitcoin trustworthy - it's an open-source project maintained by volunteers, as opposed to startups that desperately try to sell their coin.

[Haynes]

I read this interesting articles and thinking what will the effect of this in the bounties that needed some social media campaign. This is part of the article "Facebook announced a ban on advertisements for "binary options, initial coin offerings and cryptocurrency." The blanket decision is part of the social media giant's efforts to prohibit ads for financial products and services "that are frequently associated with misleading or deceptive promotional practices."
If you want to read the whole story, just check this out. And tell your insights

https://www.cnbc.com/2018/01/30/facebook-ban-on-bitcoin-ads-latest-in-very-bad-day-for-cryptocurrencies.html

hi friends, with such a statement, I think it does have a bit of a powerful effect for an ICO who is using facebook as one of the media to advertise their products. but I think it will not be a big problem because there are many social media that have a great chance to serve as a media in developing product advertising.

[GreatBug]

As i understand they banned not only ICO advertisements, but they will ban fan pages and even private accounts when someone will write about cryptocurrencies. It is sick!

[jlaw007]

So, the advertisements:

The people who actually read facebook adverts will be affected. They will not be able to read one topic. People interested in bitcoin are already in. It is a known term in the financial industry since it's a breakthrough and many people, financially literate or not, have known about it. Those who are not financially educated have heard about it. No direct impact, I think it would only decrease curious people on facebook, and also decrease victims of fraud. I think it's a good decision overall.

[1NV3ST0NM3]

It is obvious as of now crypto currencies are hardly regulated so many of them especially those who aren't able to raise enough funds turn out to be scam. Facebook just does affiliate but by promoting such links it is actually promoting the whole ICO and if they scam people will develop a negative attitude towards facebook. This is the reason why facebook has decided to reduce its advertisements related to crypto. However I feel this decision quite contradictory to a recent news which said the Mark Zuck is quite interested in cryptocurrencies and blockchain development and may step in this.

[Ris88]

I read this interesting articles and thinking what will the effect of this in the bounties that needed some social media campaign. This is part of the article "Facebook announced a ban on advertisements for "binary options, initial coin offerings and cryptocurrency." The blanket decision is part of the social media giant's efforts to prohibit ads for financial products and services "that are frequently associated with misleading or deceptive promotional practices."
If you want to read the whole story, just check this out. And tell your insights

https://www.cnbc.com/2018/01/30/facebook-ban-on-bitcoin-ads-latest-in-very-bad-day-for-cryptocurrencies.html

In my opinion, they prohibit that it does not mean that they do not accept advertising from Cryptocurrencies, if all projects are willing to pay the payment does not mean they do not accept, maybe they intend to ask for a publishing fee, in order to add revenue from every project that puts ads on social media facebook ..

[audaciousbeing]

I read this interesting articles and thinking what will the effect of this in the bounties that needed some social media campaign. This is part of the article "Facebook announced a ban on advertisements for "binary options, initial coin offerings and cryptocurrency." The blanket decision is part of the social media giant's efforts to prohibit ads for financial products and services "that are frequently associated with misleading or deceptive promotional practices."
If you want to read the whole story, just check this out. And tell your insights

https://www.cnbc.com/2018/01/30/facebook-ban-on-bitcoin-ads-latest-in-very-bad-day-for-cryptocurrencies.html

The effect will be massive and we might not see large entrants into the market as much as we want in the coming days. A lot of people got involved with crypto by virtue of what they see on social media and Facebook control majority of what people do on social media and when it affects Facebook, it then means Instagram is on with it and gradually might spread to Twitter and other social media sites.

This is a big blow happening at this time and I hope they have a rethink very soon because this ban will not only affect ICOs but also exchange sites, wallet providers, peer to peer sites and everything related to crypto.

[stompix]

I read this interesting articles and thinking what will the effect of this in the bounties that needed some social media campaign. This is part of the article "Facebook announced a ban on advertisements for "binary options, initial coin offerings and cryptocurrency." The blanket decision is part of the social media giant's efforts to prohibit ads for financial products and services "that are frequently associated with misleading or deceptive promotional practices."
If you want to read the whole story, just check this out. And tell your insights

https://www.cnbc.com/2018/01/30/facebook-ban-on-bitcoin-ads-latest-in-very-bad-day-for-cryptocurrencies.html

In my opinion, they prohibit that it does not mean that they do not accept advertising from Cryptocurrencies, if all projects are willing to pay the payment does not mean they do not accept, maybe they intend to ask for a publishing fee, in order to add revenue from every project that puts ads on social media facebook ..

What is so hard to understand?
They've banned ads on FB! Adds are already paid, it's simply FB saying that they don't need those scammers's money.
And good riddance!!!

No worries,It is not going to make any big impact on the crypto currency market.Because facebook just banned or restricted paid promotions of crypto currency advertisements but the individuals can post or share anything about crypto currency.So facebook bounties are also not in any problem.

I hope that soon FB will turn their eyes on that and start banning accounts spamming links after links.
It's already against their rules to do that so I won't be surprised if they start playing with the delete and ban hammer.

[play]

This seems to be bad news for the companies that specialise in promoting ICOs and those launching in the near future.