Chinese government banned all of ICOs - page 8.

andrew1carlssin

jr. member

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#Please, read:Daniel Ellsberg,-The Doomsday *wk

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 don't know how democratic consensus works in China ... my guess is that it is not much different than western democracies

https://en.wikipedia.org/wiki/Democracy_in_China

LynnMicheale

newbie

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But China has binance for cryptocurrency

zaytsevsasha654

newbie

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Now a lot of questions how to make money on the Crypto currency, and so I recommend to beginners and not to lead.

vladimirnesgibaev1

newbie

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Nobody knows what will happen to the bitcoins in 5 or 10 years maybe it will not be at all.

tiktak89

member

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Merit: 10

This news has been around for six months. But I want to note an interesting fact. The same news was repeated a few weeks ago. This suggests that you should not believe everything that the media write. The market and news are cyclical.

samarama

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Miner228

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In China, where 80% of the capacity for "mining" bitcoins is located, mining may be banned. Representatives of state agencies, fearing financial risks, issued an appeal last week to local authorities calling for an end to the activity, during which "mined" crypto-currencies, writes The Wall Street Journal.

Noesly

member

Activity: 140

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In Chinese not impossible to banned of all ICO because like what I said Chinese is the one of the rich country and dependent, in Chinese bitcoin not important to, so that government do all the thing that think its not good for bitcoin so that they do it.

Man21

member

Activity: 238

Merit: 11

Now this information will not make bad effect to bitcoin again.
Bitcoin and other altcoin can still stand without of chinese government.

phelbaby

member

Activity: 434

Merit: 10

This good news at least real ICO will take the lead at the moment while all fake ICO are taking to there burial ceremony although there is a big drop on the cryptocurrency but it will reform itself with time.

BabyFacedGuy

member

Activity: 88

Merit: 10

This is a serious threat

appics

newbie

Activity: 324

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The asian cryptomarket is very powerful, that's why the chinese ICO Ban affected the whole market and everything dropped. Each time an asian trading site listed a certain coin this coin increased highly. So we hope that the chinese government will overthink their decision. In the end we think that cryptocurrencies are the future and they can't be stopped long term.

khaled0111

legendary

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Top Crypto Casino

Quote from: Armstand on September 15, 2017, 04:57:51 AM

Quote from: khaled0111 on September 15, 2017, 04:48:26 AM

As happened last time, the crisis didn't last long and bitcoin recovered and pumped again.
So, as traders, we have to take this opportunity and buy Bitcoin while it's going down and just hold.
Chinease government can't stop bitcoin forever since it's a world wide concept and coming against it is not a good move and they have to find another way to control and monitor their local cryptocurrency investors.

Soon when investors of China finds a way to get back on track,even thru vpn and other platforms they will surely use it. Crypto are the newest way of investing now and it will be the trend in the future.

Sure, many ways to transcend Chinease ban as you montioned using vpn's fake ip's or even opening acoounts on other countries. Everything is possible these days.
You can never stop someone with a computer and access to the Internet.
I am sure Chinease government will realise, soon, that banning ICO's have more disadvantages than advantages and they will cancel it.

cexylikepie

hero member

Activity: 779

Merit: 500

Quote from: Armstand on September 15, 2017, 04:57:51 AM

Quote from: khaled0111 on September 15, 2017, 04:48:26 AM

As happened last time, the crisis didn't last long and bitcoin recovered and pumped again.
So, as traders, we have to take this opportunity and buy Bitcoin while it's going down and just hold.
Chinease government can't stop bitcoin forever since it's a world wide concept and coming against it is not a good move and they have to find another way to control and monitor their local cryptocurrency investors.

Soon when investors of China finds a way to get back on track,even thru vpn and other platforms they will surely use it. Crypto are the newest way of investing now and it will be the trend in the future.

I remember someone is famous people has said: " Nobody can bans Bitcoin and the government also cannot do that! ". To best honest, I think this word really true, because if a country want to ban Bitcoin, they just skip the opportunity for develop the economy of their country Wink

onpages

sr. member

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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.

Armstand

hero member

Activity: 626

Merit: 500

Quote from: khaled0111 on September 15, 2017, 04:48:26 AM

As happened last time, the crisis didn't last long and bitcoin recovered and pumped again.
So, as traders, we have to take this opportunity and buy Bitcoin while it's going down and just hold.
Chinease government can't stop bitcoin forever since it's a world wide concept and coming against it is not a good move and they have to find another way to control and monitor their local cryptocurrency investors.

Soon when investors of China finds a way to get back on track,even thru vpn and other platforms they will surely use it. Crypto are the newest way of investing now and it will be the trend in the future.

khaled0111

legendary

Activity: 2702

Merit: 3045

Top Crypto Casino

As happened last time, the crisis didn't last long and bitcoin recovered and pumped again.
So, as traders, we have to take this opportunity and buy Bitcoin while it's going down and just hold.
Chinease government can't stop bitcoin forever since it's a world wide concept and coming against it is not a good move and they have to find another way to control and monitor their local cryptocurrency investors.

mdripon

full member

Activity: 308

Merit: 100

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 government does all banned of ICO. overall ICO user lives china. so there come back fall bitcoin very dangerous situation.

Loveydovey04

full member

Activity: 392

Merit: 123

Chinese is just one part of bitcoin supporters all over the world and though it affected so much on the value of cryotocurrencies right now, i believe it is going to regain back it's value. There are still part or countries who are not yet open to crypto and news about it are almost everywhere so i believe those countries who have not yet tried and put their hands into the business will be soon there.

untugede

full member

Activity: 518

Merit: 100

the falling bitcoin price can be good news and bad news because for those who want to sell its bitcoin of course it is bad news but for people who want to buy of course it is very profitable because it can buy bitcoin at low procedure

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