Topic: Effects of ICO ban in China (Read 9905 times)
China already removed the ban for ICO but they can only participate and cannot create an ICO. I saw the effects 2 month ago when they banned it. Bitcoin had a drastic downfall in terms of value as well as other altcoins but it only took like 2 weeks and I see that it went up again. See, it is only a short term effect - I know that China is a big contributor in this business but still crypto world will stop because of them.
US are actually not far away from that. You can do ICO in US but you should have Accredited Investor status to have legal rights to buy ICO tokens.
many effect of the Chinese ban on ICO trading is that there will be more peer-to-peer exchanges.
There is a lot of bitcoin miners in China. And they want to have rules and regulations on using this currency. The government wants to supervise its use.
Here in my country, base on what I've heard, it is possible that the government can tax cryptocurrencies.
Wow, which country do you live and how are they able to do that? to the best of my knowledge, it's hard to tax cryptos as well as it's regulation. Here in my country, base on what I've heard, it is possible that the government can tax cryptocurrencies.
There is a lot of bitcoin miners in China. And they want to have rules and regulations on using this currency. The government wants to supervise its use.
Here in my country, base on what I've heard, it is possible that the government can tax cryptocurrencies.
Here in my country, base on what I've heard, it is possible that the government can tax cryptocurrencies.
maybe i have the opposite opinion with the above, ico ban in China sitll have a great effect on the cryptos in spite of the price of bitcoin set a new record, when we look at the whole market besides bitcoin, we may find that its not so hot as before, i think the ico ban in China was a turning point to the cryptos thses years
Bitcoin drop in value just days before the announcement. Many investors nervously sold their assets, the same shaking the market. But only a few days bitcoin managed to recover its value.
They think that without China bitcoin will turns to bubble like they underestimated the power of bitcoin but bitcoin prove them wrong. Bitcoin is too big and strong that can't turn them down. And now people learned their lessons for not believing to bitcoin so now they HODL it or else they just mock around in the corner.
That's right, this will only make China cornered for the behavior that is done to bitcoin. Hopefully they learn a lot
Bitcoin drop in value just days before the announcement. Many investors nervously sold their assets, the same shaking the market. But only a few days bitcoin managed to recover its value.
They think that without China bitcoin will turns to bubble like they underestimated the power of bitcoin but bitcoin prove them wrong. Bitcoin is too big and strong that can't turn them down. And now people learned their lessons for not believing to bitcoin so now they HODL it or else they just mock around in the corner.
Bitcoin drop in value just days before the announcement. Many investors nervously sold their assets, the same shaking the market. But only a few days bitcoin managed to recover its value.
They think that without China bitcoin will turns to bubble like they underestimated the power of bitcoin but bitcoin prove them wrong. Bitcoin is too big and strong that can't turn them down. And now people learned their lessons for not believing to bitcoin so now they HODL it or else they just mock around in the corner.
Bitcoin drop in value just days before the announcement. Many investors nervously sold their assets, the same shaking the market. But only a few days bitcoin managed to recover its value.
I believe there is a certain effect, but the Chinese still can buy and sell currency
Its true that china government has banned bitcoin in their country but bitcoin is becoming the whole world currency and no country can affect the rate of bitcoin just like china has banned bitcoin in their country but after that now you can see that price of bitcoin become double so we can conclude from that no government in the world can affect the price of bitcoin or can stop bitcoin and in future we are expecting that bitcoin will become the national currency of many countries. 
If bitcoin can thrive so well without the impact of the trade from china then I understand it is really decentralized. Power is given to every owner of bitcoin just the impact of large owners of bitcoin that could cause the question of the leadership role on the cryptocurrency.
The impact of China’s ICO ban
Bitcoin, the most popular cryptocurrency, tumbled from about $4900 to below $4200 within a day of China’s announcement, due to fears over what are perceived to be the toughest regulations on the cryptocurrency market thus far. Prices of other cryptocurrencies like ether also tumbled.
However, the impact was short-lived. For bitcoin, which had surged more than 390% since the start of 2017, the 10% drop certainly seemed like a very brief interlude in the incredible price rise. Within two days of the announcement, prices had returned to above $4600, suggesting that the market had brushed off the likelihood of a regulation-triggered tumble in prices.
Bitcoin, the most popular cryptocurrency, tumbled from about $4900 to below $4200 within a day of China’s announcement, due to fears over what are perceived to be the toughest regulations on the cryptocurrency market thus far. Prices of other cryptocurrencies like ether also tumbled.
However, the impact was short-lived. For bitcoin, which had surged more than 390% since the start of 2017, the 10% drop certainly seemed like a very brief interlude in the incredible price rise. Within two days of the announcement, prices had returned to above $4600, suggesting that the market had brushed off the likelihood of a regulation-triggered tumble in prices.
The immediate effect of the Chinese ban on ICO trading is that there will be more peer to peer exchanges.There will be less company doing ICO's but these will still occur and it's unlikely the government can stop outsiders from acquiring Chinese investors,unless they use the country surrounding-firewall.Not only Bitcoin,but the other prices of other cryptocurrencies were also affected.
Its just a bunch of noise. ultimately the market will boom and soak up the infinitely reserved fiat and grow.
I think you are absolutely right. Panic rose after the statement of China. But after a couple of weeks ico RedPuls collects maximum coverage for a couple of hours. China currently has no strong impact on the market.Yes, without then btc is still rising to the moon. This shows that no government can stop cryptocurrencies.
Government cant control cryptocurrency without law.
I believe there is a certain effect, but the Chinese still can buy and sell currency
Its just a bunch of noise. ultimately the market will boom and soak up the infinitely reserved fiat and grow.
I think you are absolutely right. Panic rose after the statement of China. But after a couple of weeks ico RedPuls collects maximum coverage for a couple of hours. China currently has no strong impact on the market.Yes, without then btc is still rising to the moon. This shows that no government can stop cryptocurrencies.
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Its just a bunch of noise. ultimately the market will boom and soak up the infinitely reserved fiat and grow.
I think you are absolutely right. Panic rose after the statement of China. But after a couple of weeks ico RedPuls collects maximum coverage for a couple of hours. China currently has no strong impact on the market.
Its just a bunch of noise. ultimately the market will boom and soak up the infinitely reserved fiat and grow.
ICOs will be re-instated, they will most likely run off of NEO platform as they have been working with the regulator. After the election this month expect to see a lot more china crypto-currency news, most likely re-instated platforms.
I'd like to believe so too
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