why the facebook, google are banning cryptocurrency?

[Dheeraj Kumar Singh]

Bitcoin continues to be pounded by negative news. Unconfirmed reports about Twitter following the footsteps of Facebook and Google in banning cryptocurrency ads pushed Bitcoin’s price below $8,000 on March 18.

[Argoo]

Bitcoin continues to be pounded by negative news. Unconfirmed reports about Twitter following the footsteps of Facebook and Google in banning cryptocurrency ads pushed Bitcoin’s price below $8,000 on March 18.

Most likely, such prohibitions occur in the framework of the attack on bitcoins and other crypto currency, which has been going on for about three months. It is unlikely that such prohibitions occur one after another spontaneously and accidentally. However, facebook and google explain their position by combating fraud in these social networks. How does it actually show time.

[shampun]

the answer is obvious! a large amount of cryptocurrency advertising clogs the Internet and prevents ordinary users from easy and easy use of the Internet + google and facebook are closely connected with the authorities, and this directly affects their decisions about the cryptocurrency!

[carlfebz2]

Bitcoin continues to be pounded by negative news. Unconfirmed reports about Twitter following the footsteps of Facebook and Google in banning cryptocurrency ads pushed Bitcoin’s price below $8,000 on March 18.

Most likely, such prohibitions occur in the framework of the attack on bitcoins and other crypto currency, which has been going on for about three months. It is unlikely that such prohibitions occur one after another spontaneously and accidentally. However, facebook and google explain their position by combating fraud in these social networks. How does it actually show time.

This was I supposed to say on where such prohibitions do come after one another where theres a particular company prohibits cryptocurrency the other one follows up and as you said in just a matter of 3 months we have already heard out big institutions having decisions regarding to this which isn't really a good thing on my part.It might reduce fraud but limiting out exposure isn't really good at all.

the answer is obvious! a large amount of cryptocurrency advertising clogs the Internet and prevents ordinary users from easy and easy use of the Internet + google and facebook are closely connected with the authorities, and this directly affects their decisions about the cryptocurrency!

Clogs the internet and accessibility? Seriously mate?I don't think this is a valid reason.I do rather believe that government do always have an involvement with such decisions been made.

[lombok]

Not clear why facebook and google prohibit the news about cryptocurrensy, any negative news about cryptocurrncy usually bitcoin prices directly plummeted, what is indeed like this criptocurrency trip.

[mrcash02]

They say it's because many scam schemes are promoted in Crypto-Currency world and that Crypto-Currency is out of control (no guarantees for investors, decentralized world). Truly, they are giants in the modern world, they have occult interests, occult partnerships and follow occult agendas. When a decentralized system appears, it threats their mightiness, as their power comes from the centralization, so they will do their best to centralize/regulate Crypto-Currency attending their agenda's interests or forbid it.

[passwordnow]

The reason is because their companies were being used by the advantage takers who are scammers. And this is why they are trying to ban crypto paid ads, they are not literally banning the whole concept of cryptocurrency but they want to ban the paid crypto ads because of these scams. Twitter ban is just a rumor and there's no update yet about it.

[sparkystacey]

They aren't banning it. You can still talk about it. You can't ADVERTISE unless you are a registered trader. This is a necessary step to thwart scammers.

Sorta how this forum had to implement merit if you think about it. Forums like Bitcointalk, Twitter and Facebook need to figure out ways to control the scammers and confusion.

[crzy]

The reason is because their companies were being used by the advantage takers who are scammers. And this is why they are trying to ban crypto paid ads, they are not literally banning the whole concept of cryptocurrency but they want to ban the paid crypto ads because of these scams. Twitter ban is just a rumor and there's no update yet about it.

Yeah, this is kind of misleading news that cause people on panic. Well, all I can see in crypto ads is just a pure ICO and most of them are just a scam so better that thing to be shut off. One day, I know those big companies will finally use this kind of technology and who knows they might create their own token so for me don't panic about this news.

[akamit]

Bitcoin continues to be pounded by negative news. Unconfirmed reports about Twitter following the footsteps of Facebook and Google in banning cryptocurrency ads pushed Bitcoin’s price below $8,000 on March 18.

It is not Facebook or Google ban news which forced the Bitcoin price to fall that much.
But it was MtGox trustee who sold over 30k Btc and 30k Bch, and you can add the panic sale of crypto traders along with Mtgox trustee.

Just forget about Fb & Google and move on... Just don't give much importance to this type of things.
They are from the centralized world and crypto is the decentralized thing and it is really doesn't matches.

Remember, when China banned crypto? Does crypto vanished from the world after China ban? But the price went to Saturn as far as I remember.

[etron]

Bitcoin continues to be pounded by negative news. Unconfirmed reports about Twitter following the footsteps of Facebook and Google in banning cryptocurrency ads pushed Bitcoin’s price below $8,000 on March 18.

I think you can not compare market price reductions with other social media bans, because I think the advertising ban cryptocurrencies in social media is because so many bitcoin communities are bombarding crypto ads, and the account managers are a good destination for the security of their users.

[Potato Chips]

Remember, when China banned crypto? Does crypto vanished from the world after China ban? But the price went to Saturn as far as I remember.

But China is kind of a special case since people know they're good at banning soon-to-be-successful things 

Just to be clear, China did not fully banned crypto/bitcoin AFAIK

[batang_bitcoin]

Remember, when China banned crypto? Does crypto vanished from the world after China ban? But the price went to Saturn as far as I remember.

But China is kind of a special case since people know they're good at banning soon-to-be-successful things 

Just to be clear, China did not fully banned crypto/bitcoin AFAIK

Yeah China didn't fully banned crypto, there's no clear news about the said ban and AFAIK it's only the ICO's.

It is not Facebook or Google ban news which forced the Bitcoin price to fall that much.
But it was MtGox trustee who sold over 30k Btc and 30k Bch, and you can add the panic sale of crypto traders along with Mtgox trustee.

These two news made the market to crumble. There are many other reasons that we need to consider but these are the few ones.

[eann014]

Not clear why facebook and google prohibit the news about cryptocurrensy, any negative news about cryptocurrncy usually bitcoin prices directly plummeted, what is indeed like this criptocurrency trip.

Yes it is also not clear to me, maybe this is also why bitcoin price are dropping. There is no negative news that spreading with social media and there is no explanation that I've heard from Facebook and Google, ICO's can't advertise well because of this maybe that is why the bitcoin price is continue dropping. Hopefully they have to clear their side.

[minthit]

If we look at the bright side, facebook and google banning cryptocurrency might bring better impression on cryptocurrencies, at least first impression. Since facebook and google have a lot of users, cryptocurrency's reputation have been jeopardized by spammers and scammers.

[hgbing]

cryptocurrency was growing so faster. even giant also fear it.

[passwordnow]

The reason is because their companies were being used by the advantage takers who are scammers. And this is why they are trying to ban crypto paid ads, they are not literally banning the whole concept of cryptocurrency but they want to ban the paid crypto ads because of these scams. Twitter ban is just a rumor and there's no update yet about it.

Yeah, this is kind of misleading news that cause people on panic. Well, all I can see in crypto ads is just a pure ICO and most of them are just a scam so better that thing to be shut off. One day, I know those big companies will finally use this kind of technology and who knows they might create their own token so for me don't panic about this news.

I think even useful ad like crypto trading exchanges that are also using them to advertise will be banned as well. I've seen many exchanges that are advertise through google and even in youtube.

If we look at the bright side, facebook and google banning cryptocurrency might bring better impression on cryptocurrencies

This already gave bad impression for cryptocurrencies so there's no bright side that way. Maybe there are some but this isn't that side.

[jakagintiri]

There's no clear explanation about banning crypto ads on any social media, they're just afraid of harming their users in fraud, is not that what they mean? If that is the only reason they can at least be considered again where crypto spreads in many social media and other access especially users are also very fond of crypto. if a lot of scams are right, at least have anticipation in that.

[1Referee]

I've seen many exchanges that are advertise through google and even in youtube.

What exchanges are you referring to? I honestly haven't seen ANY legitimate looking service advertising through either Google or Youtube's platform. In most cases when I was just searching for blockchain or Bitmixer through Google, ads clearly being phishing sites popped up. Seriously, who needs these ads anyway? If you search on Google for Bitcoin exchanges, you'll see now actual Bitcoin exchanges pop up, and not phishing sites mimicking Coinbase or whatever. It's a welcome change in my opinion, and I wish they did it months ago already.

Popular Google search results popping up on top of the page now;

Bitcoin exchange; GDAX.com
Bitcoin wallet; a legit local online wallet service, but after that, in more mainstream terms, it's blockchain.info
Bitcoin investment; articles pop up instead of whatever shady investment platform promising you 10% weekly returns

In current times ICO ads are still being displayed, but that will change within a few months. I am at least happy that Google has implemented some changes, especially when it comes to blatant phishing sites. Their algorithm detects and gets rid of phishing sites much sooner, that's something I have noticed.

[Dheeraj Kumar Singh]

Bitcoin continues to be pounded by negative news. Unconfirmed reports about Twitter following the footsteps of Facebook and Google in banning cryptocurrency ads pushed Bitcoin’s price below $8,000 on March 18.

It is not Facebook or Google ban news which forced the Bitcoin price to fall that much.
But it was MtGox trustee who sold over 30k Btc and 30k Bch, and you can add the panic sale of crypto traders along with Mtgox trustee.

Just forget about Fb & Google and move on... Just don't give much importance to this type of things.
They are from the centralized world and crypto is the decentralized thing and it is really doesn't matches.

Remember, when China banned crypto? Does crypto vanished from the world after China ban? But the price went to Saturn as far as I remember.

yes they are going to banning the BTC add on both google and fb because " The social media giant said it would prohibit ads for financial products and services "that are frequently associated with misleading or deceptive promotional practices." but apart from this every one is still investing in bitcoin and even me also one small step cant control the regulation of btc so i agree with you.. forget about the fb and google and work on it.