Topic: First China Now South Korea - page 7. (Read 1975 times)
It seems that a lot of countries are starting to take action against ICO fundraising project, due to the fact that there were just simply too much ICOs that are scamming people hard earned money, I believe there will be more countries that will ban ICOs too following China and South Korea.
Its a law against ICOs not crypto which is all coming about because the number of scams in this space. Projects that wouldnt get 100k from a venture capitalist are getting 50 million. Governments are trying to protect people because when this shit inevitably fails, were going to see a large fallout.
How many times you new people need to be exposed to this FUD until you finally learn? BITCOIN S NOT RELATED TO ICO and it cannot be banned anymore.
If you want to sell you BTC because of one fake crypto news article, you re DEFINITELY in the wrong industry.
If you want to sell you BTC because of one fake crypto news article, you re DEFINITELY in the wrong industry.
which I know the Chinese government is not banned Bitcoin, but banned ICO because kebanyakn ICO in there scam, and this is what I heard 
Why would you sell your Btc if ICO's get restricted? The majority of the btc community doesn't care about ico's.
China banned ICO few weeks back mean time worlds large bitcoin mining centers are in China but Korea also banned the ICO now it is because of the strong trade ties between China and Korea. Because of the above some market fluctuations can be expected
What should we do keep your bitcoin, sell it, or buy more?
now because I am a little skeptic, but I can see that there is no decreasing value of the the BTC...
now because I am a little skeptic, but I can see that there is no decreasing value of the the BTC...
It's for you to decide on this matter whether to keep hodling or you will chicken out and bid goodbye to btc and the whole crypto world. But since you've said that you're sonehow skeptical then I think you should prepare yourself on what will happen in the future. But always remember not to invest or trade solely on emotions (guts or instinct).
Don't spread a panic. It's a ban of ICOs which mostly are scams. Bitcoin isn't touched there and it is legal. The price fluctuates only because of FUD and thinking that ICO is the same as crypto coins especially - Bitcoin.
Buy more Bitcoin!
Buy more Bitcoin!
Yup! mate that is my initial thought about this ICO's are the one that is ban in South Korea and not bitcoin itself, but yes it can surely cause panic selling so be very vigilant in observing the value right now it can surely be a problem for people that keep on holding to their bitcoin and thinking that bitcoin would reach another heights of value.
Don't spread a panic. It's a ban of ICOs which mostly are scams. Bitcoin isn't touched there and it is legal. The price fluctuates only because of FUD and thinking that ICO is the same as crypto coins especially - Bitcoin.
Buy more Bitcoin!
Buy more Bitcoin!
What should we do keep your bitcoin, sell it, or buy more?
now because I am a little skeptic, but I can see that there is no decreasing value of the the BTC...
now because I am a little skeptic, but I can see that there is no decreasing value of the the BTC...
Why are you being too much worried about this?
China banned ICOs, but South Korea is banning ICOs that took place in their own country and not international ICOs (I saw this somewhere).
Though, the value is still holding tight because after China's announcement the destruction was worst compared to current declarations. I don't think we should panic due to ICOs because ICOs should have nothing to do with Bitcoin's value and why should they?
it is not bitcoin that they are banning but ICO's. This will affect the ethereum market and waves but it will not affect bitcoin. But the present threat to bitcoins price deflation is the possible banning of Bitcoin in Russia. The law is not yet out but they said the decision will be out on October whether they will ban bitcoin or not.
It's not even clear how large of an effect this will have on Ethereum. Apparently, the ban is just on domestic ICOs, and enforcement only affects Korean institutions. At this point, it doesn't seem like foreign ICOs (i.e. the vast majority of ICOs) are affected, and it seems that Koreans are still allowed to invest.
We'll need to wait and see what the regulations looks like when they are actually issued. For now, we can only speculate. But I've seen several opinions from Koreans now that say Westerners are blowing the news out of proportion.
I think it is good that icos get regulated (and I really hope South Korea regulates ICO´s and don´t permanently ban it)
To much ICO´s are just scams now, from the view of a bad person it could be a Ponzi without payouts. (People invest ETH (has value) and get some tokens in exchange which will be worth nothing if there are no actual devs)
Best thing is this PreICO stuff, basically, an ICO to finance the ads of the main ICO
the South Korean government is pretty receptive of technologies, I doubt they'll outright ban them without a very, very good reason. To much ICO´s are just scams now, from the view of a bad person it could be a Ponzi without payouts. (People invest ETH (has value) and get some tokens in exchange which will be worth nothing if there are no actual devs)
Best thing is this PreICO stuff, basically, an ICO to finance the ads of the main ICO
I think it is good that icos get regulated (and I really hope South Korea regulates ICO´s and don´t permanently ban it)
To much ICO´s are just scams now, from the view of a bad person it could be a Ponzi without payouts. (People invest ETH (has value) and get some tokens in exchange which will be worth nothing if there are no actual devs)
Best thing is this PreICO stuff, basically, an ICO to finance the ads of the main ICO
To much ICO´s are just scams now, from the view of a bad person it could be a Ponzi without payouts. (People invest ETH (has value) and get some tokens in exchange which will be worth nothing if there are no actual devs)
Best thing is this PreICO stuff, basically, an ICO to finance the ads of the main ICO
use your precious time to research and study how and why things are happening right now, china is just another country which also have a huge numbers of traders and investors but not just because of that we will worried about the future of this system better to buy more while they are selling what they've got because issue isn't resolved yet from their country because for sure after that bitcoin and other quality alts will progress and rise up.
What should we do keep your bitcoin, sell it, or buy more?
now because I am a little skeptic, but I can see that there is no decreasing value of the the BTC...
now because I am a little skeptic, but I can see that there is no decreasing value of the the BTC...
no need to hesitate to invest, basically china just wants bitcoin to decline. that's all they want.
It's ICOs, not Bitcoin so I don't get why your knickers are in a twist.
If countries can be bothered I think ICOs will probably be banned everywhere. The potential for disaster and scamminess is just too temping and people are too stupid to resist. They're not funding new and interesting projects, they're just piling up money for junk.
That doesn't mean they won't continue, but it'll be interesting to see if exchanges reject the results of ICOs when they're trading or will treat it as a separate thing.
If countries can be bothered I think ICOs will probably be banned everywhere. The potential for disaster and scamminess is just too temping and people are too stupid to resist. They're not funding new and interesting projects, they're just piling up money for junk.
That doesn't mean they won't continue, but it'll be interesting to see if exchanges reject the results of ICOs when they're trading or will treat it as a separate thing.
Asking for advice on what to do with your money on a public forum and doing it is like giving someone else the permission to spend your money on something you don't fully understand.
Best advice is to keep it until you're satisfied with the gains you received and sell it afterwards. No need to ask others as it's just common sense. Historically, bitcoin tends to gain price over time so it's somehow safe to hold it in the next 2-4 years and still make a profit off of it.
Best advice is to keep it until you're satisfied with the gains you received and sell it afterwards. No need to ask others as it's just common sense. Historically, bitcoin tends to gain price over time so it's somehow safe to hold it in the next 2-4 years and still make a profit off of it.
What should we do keep your bitcoin, sell it, or buy more?
now because I am a little skeptic, but I can see that there is no decreasing value of the the BTC...
now because I am a little skeptic, but I can see that there is no decreasing value of the the BTC...
Don't be skeptic or doubt bitcoin. It's normal when there are news out there about ban the market will react on it. Only the weak handlers are going to sell but if you're a long term investor in bitcoin, you'll just take time to chill, relax and see those weak handlers see their stash. And when that happens just take the cover and catch those sold bitcoins and buy it at dip, that's what you should do now.
Yes and seems like there will be more country going to banned ICO and I kind of agree with ICO banning, there had been a lot of scamming that tainted the ICO reputation, and we already got too many coins that worth almost nothing, but I think a more strict regulation is more appropriate rather than banning all ICO, some of the ICO offered a great feature
What should we do keep your bitcoin, sell it, or buy more?
now because I am a little skeptic, but I can see that there is no decreasing value of the the BTC...
now because I am a little skeptic, but I can see that there is no decreasing value of the the BTC...
Ya even i came to know this today under the techcrunch.com website https://techcrunch.com/2017/09/28/south-korea-has-banned-icos/?ncid=mobilerecirc_recent . I am not expecting much because when china's ban couldn't create a pressure on Bitcoin and other cryptocurrency price's, then what can we expect from South Korea. But we should not take it small, Be prepared and trade your bitcoin in a smart way and with a tighter stop loss. This can also create some kind of manipulation by south korea.
What should we do keep your bitcoin, sell it, or buy more?
now because I am a little skeptic, but I can see that there is no decreasing value of the the BTC...
As I always say just trust the long term benefits of bitcoin. Even if it falls its surely going to rise soon. World has 200 other countries apart from these two. now because I am a little skeptic, but I can see that there is no decreasing value of the the BTC...
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