Topic: Future of NEO & QTUM after China announcement (Read 3240 times)
I don't think it will affect it, it's still legal. But I think it affects it in the sense that with the ICO ban, future China based ICO that would have ended up on Neo will no longer be able to, so the price will not go up as high as it would have had the Chinese government not made this ban.
China Government are just positioning themselves in a better position to get there share of money flowing into ICO from China,they don't like money leaving China when they have not had there cut!
There's no future
no future
no future for you
- Sex Pistols
no future
no future for you
- Sex Pistols
if you sleep with the china government, you can do ico. if you don't, you can't do ico.
I think the newly implement ICO's are the most afrected if that happens, about NEO and QTUM maybe they'll encourage to own that coins because I think it originated in China itself but nonetheless many are potential alts that will increase in its value not only NEO and QTUM.
The ban imposed by the Central Bank of China on holding an ICO in this country is unlikely to affect the popularity of the Chinese coin NEO. While it falls in price due to the general downward trend in the crypto currency market. Perhaps, on the contrary, the ban on ICO will lead to the release of money sent to the ICO and they will be aimed at maintaining the national digital currency of China.
I hope QTUM will lose money. I just don't like that project.
NEO&QTUM 's price will be impacted by China announcement in a short term, price will drop most likely 50%, if no other country announce there'll be some rules for ICO project, price will increase again, otherwise, price will even drop more.
While NEO falls in price along with all digital coins. However, the ban in China on the ICO, I think, can not significantly affect the future course of NEO after the stabilization of the situation in the crypto currency market. Simply, the Chinese government decided to streamline the ICO, excluding probable scammers from it. I think with this in the future everything will work out. China generally has a positive attitude to the crypto currency market, so this ban should be temporary.
Even though there are announcement stated that neo will not affected but I think this situation has caused the neo investors to panic, soon there will be a lot of people selling this coin, I think neo reputation will be on the edge and it will be hard to survive, but let's see how well the developer take tackle this problem and convince the investors
NEO is a lot of big investors buy and invest long term. I think the developer will find a way to negotiate with the Chinese authorities because NEO is banned in the country and makes the market drop dramatically in just a few hours. I hope NEO can return to its original positionit will be hard to get back to original levels of above USD 40. We are all in the blood bath. the only thing we can do now is to buy more, and hang on for dear life
NEO may be impacted indirectly, as China's ICO ban may scare away investors and capital. On the other hand, ICOs will simply be launched in countries with more lax regulations. Given that NEO has had a sharp rise recently, a correction is both needed and healthy. In the long run, NEO should be fine.
Even though there are announcement stated that neo will not affected but I think this situation has caused the neo investors to panic, soon there will be a lot of people selling this coin, I think neo reputation will be on the edge and it will be hard to survive, but let's see how well the developer take tackle this problem and convince the investors
NEO is a lot of big investors buy and invest long term. I think the developer will find a way to negotiate with the Chinese authorities because NEO is banned in the country and makes the market drop dramatically in just a few hours. I hope NEO can return to its original position 
Even though there are announcement stated that neo will not affected but I think this situation has caused the neo investors to panic, soon there will be a lot of people selling this coin, I think neo reputation will be on the edge and it will be hard to survive, but let's see how well the developer take tackle this problem and convince the investors
Nobody knows for sure how the prohibition of the ICO in China on its NEO coin will be affected. Because the founders of this coin cooperate with the Chinese government, it is possible that this coin will be settled by the government. I do not really like this prospect. In the near future, let's see how the prices in the crypto currency market will be. The situation is unusual.
Does NEO even have any ICOs to being with? What projects are there even launching on NEO if any? Can't ban upcoming ICOs if there are none to being with.
Qtum had a slew or projects launching on their platform which may be affected. The platform is registered in Singapore so they should be safe from the upcoming review. Good foresight on their part.
It's the projects like Bytom and Tron which are in trouble. I think all ICOS going forward will move to Singapore similar to Qtum and Litecoin.
Qtum had a slew or projects launching on their platform which may be affected. The platform is registered in Singapore so they should be safe from the upcoming review. Good foresight on their part.
It's the projects like Bytom and Tron which are in trouble. I think all ICOS going forward will move to Singapore similar to Qtum and Litecoin.
They have the Red Pulse ICO in sept 7, now chinese citizens are banned in participating in any ico, chinese central bank said that the purpose of this is to prevent scammers. That maybe has a good long term effect for Neo and others.
+1
People are looking at this as a bad thing when this is really something that's supposed to protect the investors.
Besides, this has no effect on people creating projects organically. Might be slower, but in the end, no more of these, "we don't have a product yet, but we will in 2018/2019" shenanigans.
Too much noobish new money in Crypto, too many scammers, hackers and bad devs, will probably make these and other altcoins go to pots for a while. Hopefully the really quality projects will eventually stand out when the hard core blockchain enthusiasts stay in and do the mopping up after the blood baths.
Everyone run to the hills, if in profit sell, if not cut your losses.
We might be entering in a new bear cycle, if bitcoin can lose 40% value from top, these shitcoins will go 90%+ lower, that's a heavy bag to carry.
We might be entering in a new bear cycle, if bitcoin can lose 40% value from top, these shitcoins will go 90%+ lower, that's a heavy bag to carry.
Does NEO even have any ICOs to being with? What projects are there even launching on NEO if any? Can't ban upcoming ICOs if there are none to being with.
Qtum had a slew or projects launching on their platform which may be affected. The platform is registered in Singapore so they should be safe from the upcoming review. Good foresight on their part.
It's the projects like Bytom and Tron which are in trouble. I think all ICOS going forward will move to Singapore similar to Qtum and Litecoin.
Qtum had a slew or projects launching on their platform which may be affected. The platform is registered in Singapore so they should be safe from the upcoming review. Good foresight on their part.
It's the projects like Bytom and Tron which are in trouble. I think all ICOS going forward will move to Singapore similar to Qtum and Litecoin.
They have the Red Pulse ICO in sept 7, now chinese citizens are banned in participating in any ico, chinese central bank said that the purpose of this is to prevent scammers. That maybe has a good long term effect for Neo and others.
Does NEO even have any ICOs to being with? What projects are there even launching on NEO if any? Can't ban upcoming ICOs if there are none to being with.
Qtum had a slew or projects launching on their platform which may be affected. The platform is registered in Singapore so they should be safe from the upcoming review. Good foresight on their part.
It's the projects like Bytom and Tron which are in trouble. I think all ICOS going forward will move to Singapore similar to Qtum and Litecoin.
Qtum had a slew or projects launching on their platform which may be affected. The platform is registered in Singapore so they should be safe from the upcoming review. Good foresight on their part.
It's the projects like Bytom and Tron which are in trouble. I think all ICOS going forward will move to Singapore similar to Qtum and Litecoin.
Jump to: