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

[sadwage]

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

thats not good to our facebook bounties.there are many people.works at social media campaign and
I think there will be a big effect to our facebook bountieners if they permanently ban the advertisement in facebook..

[Parwesh Chaudhary]

It would not impact earnings from Bounty campaign or limit organic reach, it's just that you won't be able to do paid advertisement on the platform.

So the main problem would be to promote the ICO and run campaigns around the same.

[Genemind]

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, facebook is really a good way to promote ICOs and cryptocurrencies. If ever this is true, I think marketing ICOs and cryptocurrency will be lessened. Even if there's a lot of ways to promote, there's a lot of people using facebook and facebook is one of the best way to promote and to market anything.

[play]

This does seem to be bad news for the companies that specialise in promoting ICOs and those launching in the near future as Facebook is the main source of traffic to recruit investors.  However, in the longer term, and as the marketplace matures there will be other sources that will work equally well, if not better IMO.

[Jetakenare]

This might be for the best but it still wouldn't stop the scam icos or gullible people from investing in same icos.

[kh bhuiyan]

Effect will be very big. Because facebook is one of biggest social media. If it happens ICO'S will have a very bad effect.

[na2nk182]

maybe is a little problem for all project cause maybe development for project have so many plan for their project.they can use twitter or instagram and else to promotion project.but i think for all project,dev lose 1 media promotion.

[electronicash]

this just just for the facebook ads, the facebook campaigns like liking and sharing won't stop the campaigns though. the ICOs can still advertise on facebook by the help of the participants who are wiling to share the posts.

lesser new investors in crypto i guess would be the effect and it will slow down and low budget projects maybe.

[Snail2]

"...what will be the effect?"

Nothing. Scammers, shills and bounty hunters will move to other SM sites.

[Gregoryxl]

Facebook is one of the most used platforms worldwide and due to this it has become a big hole of possible scams. I agree to prohibit the general publicity of ICOs, it is a way to protect clients, investors and themselves. I consider that only platforms with enough knowledge to give information with accuracy should allow publicity.

[Alanpigi80]

I'm sorry because it was a great way to get to know new ico and sponsor them. I want to hit the world of cryptocurrencies at any cost.

[stayeduptolate]

Facebook is one of the most used platforms worldwide and due to this it has become a big hole of possible scams. I agree to prohibit the general publicity of ICOs, it is a way to protect clients, investors and themselves. I consider that only platforms with enough knowledge to give information with accuracy should allow publicity.

This takes away the freedom of the companies to share their product to the consumers.
I know that due to this the ongoing ICO scams can be stopped, but also there are honest ICO also out there in the market which would definitely be affected due to the ban of ads on Facebook and its children companies also, I believe. So this is a very childish approach to the problem, I believe that they must have taken some more time and would have made a much better decision and would have played nice in that situation.

[ngavanngo22]

Really good to hear that ). I feel very awkward when a lot of ads about new ICO projects appear on my newfeed and a lot of people talk about HYIP system everyday cause I really hate this kind of making money. But for now when I want to share link from this forum or any link related to Bitcoin to my friend I need to fix the link a little bit and I feel it's a little inconvenience

[tweetbit]

I’ve read some article before or recently about mark giving positive comments on cryptocurrency. So I think this move is just isolated for those ICO having bad reputation or being so obviously scammed. This won’t affect or even give much impact for he even don’t give banning policy on all of those projects. If ever mark will or have advantage not for total banned for profit that generate through this crypto ads.

[siddu67]

The effect of banning cryptocurrencies ads from facebook won't be good because most of the people over the world uses facebook and they all have knows about cryptocurrencies through facebook.At present there would be no problem for old users but countless new users people has to suffer because of this attempt.

[Mpamaegbu]

This ban comes with mixed feelings, I must say. I believe it will in a no small measure hurt the crypto system. I know a lot of arguments will be put forward on how the ban will stop the so many scams masquerading as ICOs. But what about the negative effect on the growth of cryptocurrency, not just Bitcoin. We should also remember that most of the ICOs do receive payment for their coins and tokens  in other currencies that are not Bitcoin. These currencies will be affected and their market caps will expectedly drop.

[DooMAD]

Meh, complete non-issue.  First and foremost, if people have to rely on advertisements on social media for investment advice, there's something seriously wrong with the world anyway.  Secondly, if the people running these ads could be trusted to just use social media responsibly, to simply explain how crypto works, detailing both the pros and cons, while not painting the picture that it's all some magical get-rich-quick scheme, that would be fine.  But it turns out people generally can't be trusted to do that, so this is where we find ourselves.  Facebook aren't doing anything unreasonable here.  People got greedy and abused it, so it gets taken away.  Cause and effect / action and reaction / etc.

[1C6fV5DtakfKANLJ8GUV7hCaA]

I don't like the fact that Facebook is doing this. Well, less exposure for great projects. This is just way too much of them. There's one good side though, less risk for newbies.

[Denker]

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.

As many of these ads had been scams this is good decision. But Zuckerberg still is a big pos.
He can try whatever he wants, his version of a crypto currency will be highly centralized, controlled by Facebook, what means it will be pure crap and nothing people wanna do invest in.
Zuckerberg is a centralized, he can not be successful with crypto what is in so many things the exact opposite of what he is doing.

[Daboy_Lyle]

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.c[Suspicious link removed]m/2018/01/30/facebook-ban-on-bitcoin-ads-latest-in-very-bad-day-for-cryptocurrencies.html

it means that all facebook bounty campaign will be disallowed. It has been ban because the facebook has only uses for referrals and campaigns.