China just killed the ICO market. Which ones are Chinese? - page 3.

Legendari

full member

Activity: 266

Merit: 100

Quote from: endaiin on September 04, 2017, 11:44:02 PM

Don't Panic, Goverment try to protect they people money because so many Scam ICO.
I think this is just a challenge for Cryptocurrency community for upgrade to the next level.

Cryptocurrency with encrypted and peer to peer system cannot easy to track by Goverment.

In theory, can track by ip... But still it's nonsense. I think China will not become fully fenced off from such a promising and promising areas as ico.

endaiin

full member

Activity: 378

Merit: 100

Don't Panic, Goverment try to protect they people money because so many Scam ICO.
I think this is just a challenge for Cryptocurrency community for upgrade to the next level.

Cryptocurrency with encrypted and peer to peer system cannot easy to track by Goverment.

IceOleg

member

Activity: 98

Merit: 10

Quote from: dennyd999 on September 04, 2017, 08:33:07 PM

Quote from: onecall123 on September 04, 2017, 01:16:33 PM

I just amazed the power of China. One regulation, decision from chain and almost all cryptos are in red! Do you guys think that, it is only starting or will continue next few days?

Dont belive that it is because China regulation. Whales take profit. They do it every 3 month (quarter) Blood bath always at the end of year quarter , because Whales are calculating profit/loses

I   January, February, March
II   April, May, June
III   July, August, September
IV   October, November, December

It is repeated cycle. Any bad news will be overreacted at the end of quarter!!

Unfortunately no one knows exact dates and sometimes they start to pump further before the dump.

Calm down and try to take profit in December or close to it together with Whales

Also December is very important due to New Year and Christmass Eve. Now I think it is too late to sell, maybe some -10% but I think mostly we are over. Some coins droped around 40-50%. It is very good profit.

Totally agree with your point. The market is just overreacting and this is happening every 3-4 months. Just a good time to wait for a while and invest. Too late to sell thou...

Casdinyard

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Activity: 2184

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Leading Crypto Sports Betting and Casino Platform

Quote from: joshuaj on September 04, 2017, 08:13:00 PM

So, bitcoin dropped because of ICO ban in China?

Not just bitcoin but almost of the altcoin had dropped because of that.
Surely the whales now are getting profit so expect after all this drama crypto currency will recover.
Let's just hope that China will change their mind regarding this, as soon they realize what they lose.
So breathe in and breathe out and take a good sleep. Tomorrow will be another day to us.

blockchainmarketus

full member

Activity: 448

Merit: 100

Quote from: benthach on September 04, 2017, 05:36:29 AM

none
these chinese and korean markets are pretty much fake
these morons calling them self experts need to get their stupid head out of cow poops. korean and chinese market in this crypto world is very very small but their egos are pretty huge!

Of shores ICOs I think will be the next ICO. Or developers find the third world of ICOs. Chinese and Korean are not the biggest market, I agree. ICO will make more regulated in the future to avoid scam projects. I think that is a good news.

inthelongrun

hero member

Activity: 1862

Merit: 601

The Martian Child

Quote from: alyssa85 on September 04, 2017, 04:27:32 AM

According to the following article, they've decided to crack down on exchanges as well, which is probably the reason alts are falling so much:

https://techcrunch.com/2017/09/04/chinas-central-bank-has-banned-icos/

Quote

A notice from a committee led by China’s central bank [link in Chinese] today announced an immediate ban on ICO funding, which has “seriously disrupted the economic and financial order.”

Financial news site Caixin reported [link in Chinese] reported that the committee has prepared a list of 60 exchanges which will be subject to inspection and a report. In the meantime, there will be an ICO freeze in China.

Oh my! This seems to be a lot more serious than I previously thought. I was thinking the only thing that the chinese government is really hot of are the ICOs. And now the exchanges are also being considered next in line in this operation? What the f*ck is wrong with this chinese government? Some backward pedaling?

dennyd999

full member

Activity: 238

Merit: 100

Quote from: onecall123 on September 04, 2017, 01:16:33 PM

I just amazed the power of China. One regulation, decision from chain and almost all cryptos are in red! Do you guys think that, it is only starting or will continue next few days?

Dont belive that it is because China regulation. Whales take profit. They do it every 3 month (quarter) Blood bath always at the end of year quarter , because Whales are calculating profit/loses

I   January, February, March
II   April, May, June
III   July, August, September
IV   October, November, December

It is repeated cycle. Any bad news will be overreacted at the end of quarter!!

Unfortunately no one knows exact dates and sometimes they start to pump further before the dump.

Calm down and try to take profit in December or close to it together with Whales

Also December is very important due to New Year and Christmass Eve. Now I think it is too late to sell, maybe some -10% but I think mostly we are over. Some coins droped around 40-50%. It is very good profit.

VeteranCoin

newbie

Activity: 50

Merit: 0

This is a temporary blip on the bright future that is crypto.

joshuaj

full member

Activity: 224

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IDEX - LIVE Real-time DEX

So, bitcoin dropped because of ICO ban in China?

thangoffshore

full member

Activity: 252

Merit: 100

Quote from: tyoA7X on September 04, 2017, 11:44:25 AM

china regulatons about initial coin offering (ICO) make the price of bitcoin down today. not only the bitcoin price, altcoin price its also down. all of market change is red! i dont know what to do now Sad

Then do nothing man. Better to throw some more fiat to buy the dip.

Since you are a senior member, you might have been through plenty of bloodbaths like this. No reason to be panic.

rainbow169

full member

Activity: 252

Merit: 100

Quote from: bct_ail on September 04, 2017, 05:39:16 AM

Don’t be panic. Calm down. That was only a matter of time, that the Chinese are going to regulate the market. They want to get a piece of the cake, they want to get more tax. There will be an agree between the government and all the ico's in the future.
Altcoins will do further down because of all the panic sell. So time to buy in the future with low prices.

Agree...short term wave but good news for the long term.

Hyperme.sh

member

Activity: 98

Merit: 10

Quote from: Fatoshi on September 04, 2017, 03:59:07 AM

China just killed the ICO market. Which ones are Chinese?

“He” predicted this 2 days before it happened. And he is predicting that it will eventually destroy all ICOs, not just ones in China:

Are Most Cryptocurrencies Doomed to Collapse — because they’re “ICO-issued”?

acs267

hero member

Activity: 644

Merit: 500

They didn't kill it.
Just have a look at countries like switzerland.
ICOs still will be out there for a long time.

vfrcbv91

full member

Activity: 337

Merit: 102

I think China again puts pressure on buyers. The market correction was long waited and then China suddenly throws this news. It seems to me now in a panic, the price will make -60% and then China again change your mind as informed and everything will go up again. Excellent opportunity to purchase Wink

bitorama

full member

Activity: 238

Merit: 100

NEO, Qtum, Hshare, Binance are chinese ones

vlom

legendary

Activity: 1498

Merit: 1117

Quote from: alyssa85 on September 04, 2017, 09:09:32 AM

I found the following list of banned ICOs:

http://img.caixin.com/2017-09-04/1504490975367617.png

Click the image to enlarge it.

Most have Chinese names, some have English names. They seem to be pretty obscure.

the most important question is: how many of the are ETH based? why? because i think ETH will suffer most after this ban. other coins will recover a lot faster - they have other things that are valuable.

WBVC

member

Activity: 111

Merit: 10

WBVC - fearless approach to investing

The press is having a field day with this...

The government move should “help cool down the market and sweep away bad actors,” said Jehan Chu, whose crytocurrency hedge fund Kenetic Capital has invested in Chinese ICOs. He said he hoped regulators would allow some forms of digital currency financing later. “I don’t think they’re trying to kill it.”

WSJ story: articles/chinas-ico-ban-brings-bitcoin-back-to-earth-1504526144?mod=e2tw

http://www.businessinsider.com/initial-coin-offering-china-bitcoin-ethereum-peoples-bank-of-china-law-all-crypto-illegal-etoro-2017-9?r=UK&IR=T

bitsph

newbie

Activity: 36

Merit: 0

Let's wait a bit.

I think there are underlying reasons why they did it on top of what they claim of serious economic disrupt. It might probably an impulsive statement we don't know.

They might probably doing some precautionary measures to avoid the big boom and caught them unaware as they are not ready. I am not being positive but these can be probable reasons.

When the dust settles, I am confident that they will consider BUT there will be implementing guidelines. Regulating the Unregulated.

Slow death

legendary

Activity: 3234

Merit: 1130

Leading Crypto Sports Betting & Casino Platform

It was already expected that the Chinese government would take action, it is not possible for a government to ignore ICO's created to steal people.

so many ICO's are created by people who have only the purpose of stealing money from others and allied to the fact that the government of china has a regime that we all know, this measure was already expected

Quote from: onecall123 on September 04, 2017, 01:16:33 PM

Do you guys think that, it is only starting or will continue next few days?

" Korea is “joining Japan, China and other Asian nations in trying to regulate cryptocurrencies,” reported Yonhap, adding that digital currencies are currently not recognized as financial products and their exchanges are largely unregulated.

https://news.bitcoin.com/south-korea-takes-steps-to-regulate-digital-currencies/

"

time will tell if the situation will improve or not.

onecall123

sr. member

Activity: 2156

Merit: 323

I just amazed the power of China. One regulation, decision from chain and almost all cryptos are in red! Do you guys think that, it is only starting or will continue next few days?

Topic: China just killed the ICO market. Which ones are Chinese? - page 3. (Read 5418 times)