What's effect Facebook banned will have on ICOs today

[diwataluna]

As others have said, only ICO ads will be banned. So ICOs can't pay for sponsored ads about their tokensale. If anything, this could mean more Facebook bounties since ICOs will rely on private users to spread the word about them. I think it is a loss on Facebook's part, but then ICOs can pay for ads in more crypto-centric platforms. Only ones that need mass adoption or general use will benefit from Facebook ads as not many come to Bitcointalk.

[Kevin77]

Well, I think existing ICO pages are remaining, but without ads, just for conversation and any updates for community

I actually heard from someone that some of their pages were locked out and they were told to contact the admin to get it sorted out. I would not blame them anyway, it is for a good cause and I am sure a lot of users could have complained, maybe after getting scammed by some of the adverts. They had a very good reason to stop the adverts, but in terms of the impact it would have on ICOs, I doubt if it will ever be much.

[thesmallgod]

ico will have no choice than to put the work into bounty hunters hands. increase facebook bounty and allow more participant to spread the information. although this might not be more effective than placing ads but it might work as well

[BettingTips]

Facebook prohibits ICO advertising, which in no way affects the ICO bounty, because, in bounty campaigns, every user has to write their own ICO postings and post them to Facebook, without having to use the form of advertising. So it does not affect ICO's bounty campaigns.

[isaac_clarke22]

Pretty much nothing unless Facebook takes the consideration of use of cryptos for money sending or remittances. Almost every group page in the site regarding cryptos were mostly hidden rather than even promoted. People who join facebook bounty to advertise the ICOs doesn't get that much of attention because the crypto itself isn't really "known" but people are sort of "aware" to it. If there will be specific effect then:

-Spams from the site will be greatly reduced, because all those people out there tend to spam by sharing lots of content from the ICO page they need to do their obligation.

-It will have mirror-effect in the people's mind in the silence of these advertisement. Instead of thinking of it as a scam, they will be more curious to it. Most likely they will always start with Bitcoin or Ethereum

-The traffic of advertisement of the ICO will increase in the Twitter due to recent ban. It is social media, people will do everything to promote or market their service or product.

-More ICOs will fail? I don't think so. Facebook is a really large site, let's accept it but because of its largeness in a single or main purpose, people would likely just use to to chat people. The trust level in advertisement in Facebook isn't really as high as what we can assume. There are a lot of investors in Facebook but could they really trust something that fluctuates?

In general, we shouldn't worry about it. Facebook might "look like" the largest opportunity to earn a lot of investors in the crowdfunding of the ICOs but it could make things worse if these keeps going as not all the ICOs are legit and it could just cause degrade in the crypto if the new crypto investors will find out that the project was just a fraud all these time.

[1BTC EQUALS 1CAR]

We need to accept it because the popular it become, more scammers are getting attracted to enter this industry and fool more people. I think Mark Zuckerburg thought that it's  a very risky investment that they are entering having only less knowledge about it.

[zhdmil]

facebook only banned ico ads, ico will rely on private users to spread the word about them. but I'm sure ico has a lot of social networking so they do not just rely on facebook only

[PG13]

I don't think a big impact will be found on the ico's just because of the ban of cryptocurrency related ads on Facebook. Now the concern project team will find a way to promote through different platform similar to telegram to reach out the people.

Yeah, without Facebook it's not a big issue in promoting ICO's ads. Facebook is not a good place to promote ICO's, it's for social and family connections. We still have a twitter, Instagram and telegram to name some useful social media sites and also they can use Reddit, cryptocompare and here bitcointalk.org.
Nothing to worry as cryptoworld is still good without Facebook.

[Forbiddenone]

Many of traders are thinking that facebook ads caused this dip but crypto world run twitter and telegram more than Facebook.and global market was down so it was expected dip of btc. And one more thing that cause this further dip was fud rumors created by media that india was going to ban cryptocurrency.so Facebook ban hardly caused any dips.

[veleten]

Facebook have it new policy pertaining to initial coins offerings 'ICOs' . The policy specifically prohibits ads that promote ICO on it platform.
The banned is due to the fact there are so many companies who are advertising ICOs that are not currently operating in good standards and faith.
In the meantime, Facebook is encouraging people to report content that violates this new policy.
What effect do you think this will have on ICOs and future  of cryptocurrencies?

will have zero to no effect,only would decrease the amount of SMM advertising for the shit ICOs
there were not many anyways,Facebook ads are expensive and with less effectiveness than Google ads or Twitter,for example
but Facebook follows Youtube's footsteps,only it is a different category ban,but the big companies do not like to be associated with dubious content
be it facebook,youtube or any other social media-more than 20% of ICO funds have been stolen or misused,according to a research
so there is no doubt you as a potential content viewer would be better off not being able to see a scam ICO ad on facebook

[stomachgrowls]

Facebook have it new policy pertaining to initial coins offerings 'ICOs' . The policy specifically prohibits ads that promote ICO on it platform.
The banned is due to the fact there are so many companies who are advertising ICOs that are not currently operating in good standards and faith.
In the meantime, Facebook is encouraging people to report content that violates this new policy.
What effect do you think this will have on ICOs and future  of cryptocurrencies?

will have zero to no effect,only would decrease the amount of SMM advertising for the shit ICOs
there were not many anyways,Facebook ads are expensive and with less effectiveness than Google ads or Twitter,for example
but Facebook follows Youtube's footsteps,only it is a different category ban,but the big companies do not like to be associated with dubious content
be it facebook,youtube or any other social media-more than 20% of ICO funds have been stolen or misused,according to a research
so there is no doubt you as a potential content viewer would be better off not being able to see a scam ICO ad on facebook

They are really less ineffective since we do know that most people dont really have idea on what crypto is and as you said they are expensive compared into google ads or just simply on twitter basis. I dont have any idea on the statistics regarding on that 20% which i wasnt aware but yet we do saw that certain percentage is misused. This is actually an advantage for people on not being scammed.

[arthur25]

Facebook can make ICO influence slowdown but cannot make it unknown ICO. There are more social media in the computer system such as telegram, twitter, and YouTube maybe we can include the yahoo, google, and amazon.

[betlord90]

We can experience some little downfall of advertisement and certain ICO exposure for the meantime but it will not affect on for its entire running since facebook is only banning the pay ads on their site and people who's joining their social camp can still share the words on their facebook friends and this one could still make the ICO's exposure go wider again.

[pisston]

We can experience some little downfall of advertisement and certain ICO exposure for the meantime but it will not affect on for its entire running since facebook is only banning the pay ads on their site and people who's joining their social camp can still share the words on their facebook friends and this one could still make the ICO's exposure go wider again.

but I do not understand the prohibition of such actions on Facebook. How do they harm the project itself or visitors to this social network? At least it seems to me that this ban can have far-reaching plans.

[carodupuis]

It can create an huge trouble for those weak hand people and we can see some dumps if this one will be happen, but this one will be temporarily happen since their are still faceboon bounty ads will exist and huge whales,investors will see the coin product since the bounty participants itself will spread the word about their project.

Dude, try to read the post carefully and understand it. Facebook banning the promotion of ICOs on their platform has nothing to do with people dumping Bitcoin and all that. This is a different case, and by the way, the price of Bitcoin didn’t fall just because of Facebook banning ICOs, these are two different cases. Bitcoin is falling, and that’s just a normal thing which occurs as a result of being highly volatile.

[Daimon88]

Facebook is considered as first social media platform right now

It's not the first social media platform right now. It's the most popular but it's not considered as the first social media platform. And whether they ban ICO's advertisement they really doesn't care about it because there are other ways to advertise and not only through them.

So does this mean that the same policy of not allowing the promotion of ICOs will be applied on Instagram, cause Facebook is also the same organization that runs Instagram? Well, I don’t think it will really affect Bitcoin that much, there are still other ways to promote ICOs, but the problem is just that there isn’t one as Facebook. With Facebook, ICOs would be able to reach a lot of people more than it will do in other social medias.

[zhuiyongliang8]

I don't think anyone would believe you if you were promoting some sort of encryption on Facebook. Some people claim that many ico is a hoax.

[shaheer001]

Facebook is not doing good for banning ICO's or Crypto coins advertisement, ICO's are not like hyips,ptc sites or any other ponzi schemes it is like pure investment and now maximum ICO's KYC is compulsory so it is unfair by Facebook.Facebook is world largest advertisement media so it will definitely effect the incoming ICO's business.

[StarofBTC]

Many of traders are thinking that facebook ads caused this dip but crypto world run twitter and telegram more than Facebook.and global market was down so it was expected dip of btc. And one more thing that cause this further dip was fud rumors created by media that india was going to ban cryptocurrency.so Facebook ban hardly caused any dips.

I don’t know if this is going to have any effect on Bitcoin and ICOs, but one thing I know for sure is that there isn’t any social media like Facebook, though Google+ seems a little similar, but there are more population in Facebook than on Google+ and Facebook is also fun and easy to use, you can reach a lot of audience there and get page to promote what you want. Maybe companies will have to move over to other social medias like Twitter and Instagram. Don’t know about Reddit, but it ain’t a place for promoting.

[1Referee]

Maybe companies will have to move over to other social medias like Twitter and Instagram. Don’t know about Reddit, but it ain’t a place for promoting.

It's of no use. The major social media platforms are cleaning house, and thus will result in similar practices of these platforms overall. The main point is that the multinationals having billions of dollars as marketing budged, have started to demand for critical changes of the social media platforms. To put force behind their words, they have started to reduce their marketing budged that would usually flow into Google, Facebook, Youtube, etc. That very well explains the sudden policy changes of these social media platforms, and it will only get worse. All these social media platforms thrive on ad revenue, and the multinationals know that, and aren't shy of demanding more changes. If this gets taken out of proportions too much, we'll only be left with my little pony ads on social media.