China banned ICO's not Bitcoin idiots! - page 3.

eternalgloom

legendary

Activity: 1792

Merit: 1283

Quote from: n4poleon on September 06, 2017, 07:35:43 AM

Only plebs got hooked believing the whole cryptocurrency market is banned in China. I'd say more than 50% here are plebs.

You sound like you're 12. The only people who I've heard using that word are generally under 16 years old.

Of course people are going to misreport this sort of stuff, you can't really do anything about it.
It's just what happens when basically anyone can start their own news website.

A lot of bloggers do not have any standards and will just publish anything without proper fact checking.

EDIT:
Damn it, why do people reply to these old threads. Didn't see the date :-/

XFlowZion

full member

Activity: 392

Merit: 100

Quote from: Kakmakr on September 06, 2017, 07:31:09 AM

A friend I introduced to Bitcoin, phoned me today asking why China banned Bitcoin. He quoted a article in his local news paper, who quoted Bloomberg : https://www.bloomberg.com/news/articles/2017-09-04/china-central-bank-says-initial-coin-offerings-are-illegal

The mainstream media has no f#$%^ clue what the difference between ICO's and Bitcoin is. Anyone can create a fancy webpage and a few PDF's with information on their ICO offering and then sell tokens for it.

Initial coin offering (ICO) is an unregulated means of crowdfunding via the use of cryptocurrency. The term is often confused with 'token sale' or crowdsale, which refers to a method of selling participation in an economy, giving investors access to the features of a particular project starting at a later date.

Please phone your local newspapers and explain the difference to them, because ICO's are not Bitcoin!

People will do anything to sell a few extra news papers or to receive a few extra clicks on their websites, even if they publish total rubbish. They should research a subject before they publish garbage like this.

It just shows you how unreliable information can be that are being published in the media. This might even be done on purpose. ^grrrrrrrr^

Edit : Latest garbage from Bloomberg : https://www.bloomberg.com/gadfly/articles/2017-09-06/seventy-eight-billion-reasons-why-bitcoin-s-the-new-gold < 100% biased and Bullshit >

That's why I don't trust the media anymore. Particularly CNN and Yahoo that are both in the number one spot in spreading false rumours. These articles want the people to stop the entire crypto market by making FUDs from countries that has a huge contribution on it many times.

Yaunfitda

hero member

Activity: 2870

Merit: 594

Quote from: aponrahim on November 23, 2018, 05:02:05 AM

It seems that China has banned the ICO due to low prices of Bitcoin, they will start ICO again.

I suggest you learn more how and why China banned ICO in the first place. It doesn't have any correlation to the bitcoin price. They ban ICO or token sales because they deemed it illegal and they believed that it can disrupt their economy.

Imagine Chinese investing on ICO and getting rich as hell and disrupting their economic and financial stability, it would make sense for them to ban it, but I'm not saying I agree with their decisions.

perla

hero member

Activity: 1932

Merit: 504

Quote from: mapanlah on February 07, 2019, 07:55:00 PM

Quote from: cryptothreads on September 06, 2017, 09:27:10 AM

I think this will only happen in a short time and everything will return to normal because big ICO projects are heavily dependent on China, without China the Bitcoin market and the ICO market will lose a lot potential investors.

maybe a big scenario is being run by the Chinese side, the aim of which is to be able to shake prices, if the price can be overtaken by the Chinese it is possible to carry out market control with enormous economic power. if this scenario is indeed successful then the Chinese can be the determinant of the price of bitcoin, this is only a trade prediction that is usually always run by large economic forces, because the Chinese side has realized the enormous potential of bitcoin.

Actually China has seen many times like manipulating the price of Bitcoin. Because we know, many times the price of bitcoin is indeed influenced by news from China for a long time and people must know that. For now, it's probably not just ICO but crypto itself with proof that some exchanger has closed their services because China no longer supports bitcoin.

cryptogambling

brand new

Activity: 0

Merit: 0

If only China whould look to crypto like Japan looks..that would create dramatically changes

Freny250

copper member

Activity: 307

Merit: 1

Most icos these days are scam as the teams tends to make away with investors funds only a few are really legit. For China to ban ico. That am not angry with them. Crypto is large and its the next biggest technology to rave market. No smart country would like not to be part of it

aponrahim

newbie

Activity: 195

Merit: 0

It seems that China has banned the ICO due to low prices of Bitcoin, they will start ICO again.

mapanlah

member

Activity: 228

Merit: 10

Quote from: cryptothreads on September 06, 2017, 09:27:10 AM

I think this will only happen in a short time and everything will return to normal because big ICO projects are heavily dependent on China, without China the Bitcoin market and the ICO market will lose a lot potential investors.

maybe a big scenario is being run by the Chinese side, the aim of which is to be able to shake prices, if the price can be overtaken by the Chinese it is possible to carry out market control with enormous economic power. if this scenario is indeed successful then the Chinese can be the determinant of the price of bitcoin, this is only a trade prediction that is usually always run by large economic forces, because the Chinese side has realized the enormous potential of bitcoin.

cizatext

member

Activity: 952

Merit: 41

Only idiots will believe such garbage being soled out all in the name of news, because it all ment to discredit the credibility of bitcoin how in God name is bitcoin related to ICO and people don't even care to carry out little research about the two points which is bitcoin/ICO bitcoin is the mother coin in cryptocurrency world and ICO is just an initial coin offering which has not even gotten listed for trading yet.

yurij_borisov84

newbie

Activity: 15

Merit: 1

Quote from: reputation on September 06, 2017, 08:39:21 AM

China not only ban ICO but also the tokens distributed in this year, the government support blockchain technology but ban the ico which will cause public events and financial crime

Is this mean than China users, cant take part on ICO or cant launch new ICO?

Baofeng

legendary

Activity: 2576

Merit: 1655

Quote from: andylioe78 on November 12, 2018, 09:39:06 PM

the china government supports blockchain technology but prohibits ico which will cause public events and financial crimes. Maybe the ban on ICO is the reason for the sudden decline in the price of bitcoin along with most other digital currencies.

Its been more than a year since they made the ban, so I don't think we can consider them as the major contributory factor to the decline of price of bitcoin. Remember after the ban last September, Bitcoin reaches its peak in December so there's no correlation whatsoever.

Quote from: BitcoinGuruOne on November 22, 2018, 06:45:28 PM

I still do not understand what is happening in China regarding thir crypto reguations.
It feels like that there is a new announcement every other day, about what happens there abn , unban on ICOs and mining..

Its because some of the news coming from China has been twist by the media. But I don't think they will switch their stance. They are really afraid to give so much freedom to their populace that's why they don't like coins like Bitcoin.

BitcoinGuruOne

member

Activity: 364

Merit: 13

I still do not understand what is happening in China regarding thir crypto reguations.
It feels like that there is a new announcement every other day, about what happens there abn , unban on ICOs and mining..

Cupomi

newbie

Activity: 81

Merit: 0

Quote from: romero121 on September 06, 2017, 07:38:21 AM

Maybe the China's ban on ICO's might be an reason for a sudden fall in the price of bitcoin along with most of the digital currencies yesterday. Today the price has started to increase once again giving hope for an bigger price pumping to happen in the upcoming days.

the attitude of the Chinese government indeed prohibits bitcoin transactions but the Chinese government supports blockchain technology, and the latest news the Chinese government wants to launch their own version of crypto currency, but we can still see there is still bitcoin trading by Chinese traders even though trading outside China may the effect of the Chinese government's attitude is only temporary, maybe ...

BitcoinGuruOne

member

Activity: 364

Merit: 13

I still do not understand what is happening in China regarding thir crypto reguations.
It feels like that there is a new announcement every other day, about what happens there abn , unban on ICOs and mining..

KryptoKnight78

newbie

Activity: 61

Merit: 0

Sometimes fake news makers are taking advantage of language difference. These trouble makers are keep insisting that Bitcoin is already banned from a certain country but in reality its only the ICO.

andylioe78

member

Activity: 267

Merit: 10

the china government supports blockchain technology but prohibits ico which will cause public events and financial crimes. Maybe the ban on ICO is the reason for the sudden decline in the price of bitcoin along with most other digital currencies.

bayu7adi

hero member

Activity: 1358

Merit: 538

dont be greedy

finally in 2018 ICO is no longer popular, because there are many SCAMMERS
when China issued this regulation. Many crypto communities hate the decision of China, because it is proven that regulations made by the Chinese government are very sensitive to cryptocurrency price changes
Even so, now China is still the most influential country for cryptocurrency because the largest percentage of miners is in China, and it can be used as a weapon to monopolize the market

haidil

sr. member

Activity: 784

Merit: 252

Quote from: vonnyaries on October 21, 2018, 11:41:29 AM

yes china is not ban Bitcoin and other cryptocurrency and i think they have any reason why bann ICO in their country, as we know that chine is the biggset country that use bitcoin and cryptocurrency, and i think it will never ban bitcoin

of course, if China banned Bitcoin, they reject the technology and it will not be possible for a country the size of China to ban Bitcoin, if China bans ICO there may be a reason for the raw fraud that occurred

SIDDHI777

jr. member

Activity: 196

Merit: 1

Not just china but many countries are concerned with new ICO projects because most of them are launched just to earn money some how and out of them many seems like scams and that is why even potential investors are afraid to invest in ICO projects but the view towards bitcoin is much positive and better than the above due to its current popularity and demand in the world so even who doesn't like crypto tends to invest in bitcoin

oceantiger

jr. member

Activity: 308

Merit: 8

This issue is always confusing a lot of people. There is a difference between ICO and bitcoin. This is a fact we must know. China never bans cryptocurrency (bitcoin) what they ban is a scamming ICO where protecting their citizens from losing their hard earned money is the top priority for them.

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