Chinese government banned all of ICOs - page 6.

forbesmining

full member

Activity: 297

Merit: 100

Quote from: onpages on September 15, 2017, 10:06:36 AM

I heard the news is a Hoax. The news was spread to lower BTC prices, in fact this is an opportunity for us to buy Bitcoin with low.

Maybe it is a reason why the Chinese government bought a lot of kind of Bitcoin. They think that people inside the country must only work for the government.

bassbity

sr. member

Activity: 1092

Merit: 284

Quote from: sosobtc-Regina on September 04, 2017, 08:54:00 PM

https://www.sosobtc.com/article/23790.html

Chinese government recognized all of ICOs are illegal,all of related platforms must stop offering services for ICO projects,it seems that is just a start,the regulation of ctyptocurrency is on the way.
Some ICOs refund to their investors already,but this event has an effect on cryptocurrencies including bitcoin,the prices droped seriously.
How do you think of that? Good or bad?

I think this has an impact on the fall in Bitcoin prices on the market today, as some of the investors who participate in ICO are mostly from China. the fall in BTC prices along with the emergence of this news was raised in the media, even Altcoin followed the direction of Bitcoin continue to fall.

Amanda Green

newbie

Activity: 28

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There is one cool project - Socratus. I really like their concept - a platform for insurance companies that was created in order to make the communication between customer and insurance company more convenient and simple. It helps to get read of annoying personal meetings and paper work. With this ecosystem, companies will be able to cut operating costs, create new insurance products, deal with data analysis more efficiently and many other benefits

Mhd-Bobbi

member

Activity: 434

Merit: 13

Quote from: sosobtc-Regina on September 04, 2017, 08:54:00 PM

https://www.sosobtc.com/article/23790.html

Chinese government recognized all of ICOs are illegal,all of related platforms must stop offering services for ICO projects,it seems that is just a start,the regulation of ctyptocurrency is on the way.
Some ICOs refund to their investors already,but this event has an effect on cryptocurrencies including bitcoin,the prices droped seriously.
How do you think of that? Good or bad?

And finally 2 major countries on every continent prohibit fundraising or Crowdfunding Cryptocurrency, starting from America and followed by China.
Hopefully this news does not make big investors withdraw from the Crypto market.

anushkasachith888

member

Activity: 546

Merit: 12

As you know the Chinese government is one rule party. the Chinese communist party. They are very tight with their safety. they aren't banning cryptocurrency, they're protecting their citizens from getting scammed by the pump and dump ICOs. There are plenty of bitcoin miners in China. China won't ban ICOs. but they stay close for their own safety. you must understand this situation.

honey8

newbie

Activity: 21

Merit: 0

Only chinese govt did it. Not other countries,Icos have value. Its upto s to choose the right project.

quynhtrang666

newbie

Activity: 84

Merit: 0

The Chinese government has banned Facebook from operating in their territory. and ban many other social networking sites. I have heard they tighten management with bitcoin and now they banned the ICO project. Is the Chinese government too strict?

Dmitry.Vastov

hero member

Activity: 840

Merit: 520

Quote from: sosobtc-Regina on September 04, 2017, 08:54:00 PM

https://www.sosobtc.com/article/23790.html

Chinese government recognized all of ICOs are illegal,all of related platforms must stop offering services for ICO projects,it seems that is just a start,the regulation of ctyptocurrency is on the way.
Some ICOs refund to their investors already,but this event has an effect on cryptocurrencies including bitcoin,the prices droped seriously.
How do you think of that? Good or bad?

This is a very very bad news and I don’t understand one thing that why these people don’t understand the real fate and potential of bitcoin, bitcoin has always helped millions of people and has always proved its worth to be very great and has also reduced poverty to a very great extent but still there are many countries who are in against of bitcoin and does not want to legalise it, for this we need to create awareness among people about bitcoin so that they could understand the real potential of bitcoin and bitcoin will become the central currency world wide.

bncbnc

hero member

Activity: 840

Merit: 500

Quote from: maxreish on July 02, 2018, 02:54:25 AM

Very bad news again in crypto business and certainly has a bad effect on the price of the bitcoin in the market for sure, but nothing we can do if chinese government recognized all of ICOs are illegal in thier own country.

This is not for the first time happen, i think that such news have already affected the market but after that the price recover too much. Now i think that the price has already started increasing its price and therefore the price is now again trading above 6500$, that is really a very good news for bitcoin. I hope that bitcoin price will again rise too much high.

MontagueEugene

newbie

Activity: 152

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Quote from: sosobtc-Regina on September 04, 2017, 08:54:00 PM

https://www.sosobtc.com/article/23790.html

Chinese government recognized all of ICOs are illegal,all of related platforms must stop offering services for ICO projects,it seems that is just a start,the regulation of ctyptocurrency is on the way.
Some ICOs refund to their investors already,but this event has an effect on cryptocurrencies including bitcoin,the prices droped seriously.
How do you think of that? Good or bad?

Well yes, this is not a good state but it is okay, you have to analyse situations and stay patient. The investors are supposed to stay wise, invest in TAU, DRGN and ICX, keep them in your wallets. You should coins like these that shall rise this year.

KodyAaron

newbie

Activity: 168

Merit: 0

Quote from: sosobtc-Regina on September 04, 2017, 08:54:00 PM

https://www.sosobtc.com/article/23790.html

Chinese government recognized all of ICOs are illegal,all of related platforms must stop offering services for ICO projects,it seems that is just a start,the regulation of ctyptocurrency is on the way.
Some ICOs refund to their investors already,but this event has an effect on cryptocurrencies including bitcoin,the prices droped seriously.
How do you think of that? Good or bad?

The Chinese government is becoming a bit strict about this but you stay calm in all situations. It is what investors should do. Make sure you are holding coins like PRG, ICX etc that have a good future and are definite to rise. The rest will be fine, just wait.

maxreish

sr. member

Activity: 1330

Merit: 326

Very bad news again in crypto business and certainly has a bad effect on the price of the bitcoin in the market for sure, but nothing we can do if chinese government recognized all of ICOs are illegal in thier own country.

Boldcom

newbie

Activity: 149

Merit: 0

Quote from: sosobtc-Regina on September 04, 2017, 08:54:00 PM

https://www.sosobtc.com/article/23790.html

Chinese government recognized all of ICOs are illegal,all of related platforms must stop offering services for ICO projects,it seems that is just a start,the regulation of ctyptocurrency is on the way.
Some ICOs refund to their investors already,but this event has an effect on cryptocurrencies including bitcoin,the prices droped seriously.
How do you think of that? Good or bad?

China boasts an immense international economic influence and has contributed greatly to the international industries of business, service providing, and manufacturing. Considering its vast power, it was inevitable that China would take a firm stance regarding cryptocurrencies.

hurry_hore

member

Activity: 294

Merit: 13

Quote from: sosobtc-Regina on September 04, 2017, 08:54:00 PM

https://www.sosobtc.com/article/23790.html

Chinese government recognized all of ICOs are illegal,all of related platforms must stop offering services for ICO projects,it seems that is just a start,the regulation of ctyptocurrency is on the way.
Some ICOs refund to their investors already,but this event has an effect on cryptocurrencies including bitcoin,the prices droped seriously.
How do you think of that? Good or bad?

That was on the time, but now the trends of each government tend to accept bitcoin and crypto moreover on last G-20 convention had been stated that crypto is not a threat for their economic.

slavenkov

newbie

Activity: 60

Merit: 0

oзнaчaeт ли зaпpeт, чтo никтo нe бyдeт в ниx yчaвcтвoвaть?

knggtrrz

newbie

Activity: 118

Merit: 0

Quote from: virendarnagpal on June 25, 2018, 11:48:00 AM

https://www.bloomberg.com/news/articles/2017-09-04/china-central-bank-says-initial-coin-offerings-are-illegal

though it is true that chinese central bank bans all the initial coin offerings. But we should not panic. All the revolutions suffer opposition from the present systems. The crypto will have to fight the old system and history is a proof that all the revolutions i.e. new comers have won and the old systems have to accept the kingdom of the new revolutions. Just hold with patience.

I agree, even china bans all icos there are still a lot of countries that allowed or not ban the icos so other people can still use it, also china people are clever enough to by pass this.

maikala

newbie

Activity: 77

Merit: 0

China is a country with a lot of ICO hatched here, it is a huge profit, ICO Ban Chinese influence the whole market and everything fell. Each time an Asian trading website lists a particular coin, the coin rises

railyako

newbie

Activity: 70

Merit: 0

as what they say, people is afraid of what they don't understand.

Gurjasmeet

copper member

Activity: 196

Merit: 0

it is a bad news for us.but I think it is a way of control to fake all coins whenever there are many different types of coins running in the market. always strict method adopted in any business become has been more purity. so I can believe China government will unbanned to do this.

virendarnagpal

member

Activity: 672

Merit: 12

https://www.bloomberg.com/news/articles/2017-09-04/china-central-bank-says-initial-coin-offerings-are-illegal

though it is true that chinese central bank bans all the initial coin offerings. But we should not panic. All the revolutions suffer opposition from the present systems. The crypto will have to fight the old system and history is a proof that all the revolutions i.e. new comers have won and the old systems have to accept the kingdom of the new revolutions. Just hold with patience.

Topic: Chinese government banned all of ICOs - page 6. (Read 2669 times)