Topic: How will China's decision affect the market in your opinion? (Read 1052 times)
For me, this is nothing but an international politics, China and America are playing very idiotic game plan so we don't even know how this situation will get reserved and opposite, You know that China president recently declared that Blockchain system is very friendly for the new invention so don't be panicked because a lot of Chinese people are already got involved in this platform, So China will not take any decision which is harmful to their own people, I think it's just a matter of time that China is going to open a new window for the Blockchain system, so this type of news doesn't bring any a huge impact on this platform.
china's country to make a decision very strictly forbid ico in their countries so that the Chinese people do not be fooled by the name ico. ico too bad because the Chinese government to take appropriate measures to prohibit ico. China's government recently has supported blockchain technology and the effect is quite good with the rising price of bitcoin.
In terms of ICO I see china is doing a good step in limiting ICO participation in their country. We all know how risky it is to invest in anonynous ICO especially because of scams and frauds. Their involvement in the improvement of the blockchain technology do really helps holistically to the world in developing better platform that may inspire us to have. But one thing China has a big impact into is regarding to investment in cryptocurrency. Basically I am waiting for them to promote utilizing cryptocurrency as I believe their population has a big impact to the market especially to Bitcoin. If time comes, I'll view it as an opprtunity to buy more.
china's country to make a decision very strictly forbid ico in their countries so that the Chinese people do not be fooled by the name ico. ico too bad because the Chinese government to take appropriate measures to prohibit ico. China's government recently has supported blockchain technology and the effect is quite good with the rising price of bitcoin.
It may affect also but not directly or that huge. Most likely it will affect in their country. But somehow people in China can still invest in other countries. That's the beauty of crypto investing since its a worldwide involvement, no restrictions or jurisdictions somehow. China is still very influential country so nevertheless there are possible effects also in their decision.
Hey,
I read this article in a blog that i follow on china ICO ban https://fxpmarkets.blog/2017/09/05/central-bank-of-china-all-virtual-currency-offerings-must-be-stopped-immediately/
How do you think it will affect the market in the long term ?
I read this article in a blog that i follow on china ICO ban https://fxpmarkets.blog/2017/09/05/central-bank-of-china-all-virtual-currency-offerings-must-be-stopped-immediately/
How do you think it will affect the market in the long term ?
ICOs and IEOs are the main reason causing investors to get scammed. Project managers are just interested in creating new tokens and coins rather than developing products that will help solve real problems in the real world and the crypto ecosystem. The ban of all ICOs and IEOs will help reduce the number of scam projects been launched everyday in the crypto ecosystem. This might even help clear FUDs and increase the adoption of the use of cryptocurrencies and bitcoin..
In terms of volume I think It would really affect the market but I we're not sure about it this is just my perception and with that large number of users (volume) not just the market will be affected but I think the circulation too since for what I've known there are also a lot of miners that based on the China.
we're not sure about it but I'm hoping that it would not make a big impact for long term market.
we're not sure about it but I'm hoping that it would not make a big impact for long term market.
I believe that Chinese sectors couldn't ban bitcoin that long.
If they would ban it permanently, it will have a big impact in cryptocurrency because China has the most number of crypto enthusiast. However, we all know that they would still do something to pursue investing and trading since it's the best way to attain financial freedom for them.
If they would ban it permanently, it will have a big impact in cryptocurrency because China has the most number of crypto enthusiast. However, we all know that they would still do something to pursue investing and trading since it's the best way to attain financial freedom for them.
OP posted this in September 05, 2017 when the banning of ICOs was the trend. Since then we saw a drop of more than 80% in the Bitcoin price, but I would not credit China's decision to ban all forms of ICOs to the massive drop in the price.
I would add that a massive Crypto currency advertisement ban on large social media platforms has caused most of the drop in the price, since then and we are only now seeing a small recovery in the price.
So YES, the Chinese bans on Crypto currency based ICOs had a influence, but it was not as significant as most predicted.
I would add that a massive Crypto currency advertisement ban on large social media platforms has caused most of the drop in the price, since then and we are only now seeing a small recovery in the price.
So YES, the Chinese bans on Crypto currency based ICOs had a influence, but it was not as significant as most predicted.
i disagree.
you are saying it yourself, China ban of ICOs and that has literary nothing to do with bitcoin! 90% of the ICOs or maybe even more, are being invested in using Ethereum not bitcoin. so banning ICO only affects ETH price if anything.
besides bitcoin was in a bubble when it reached $20k and it needed to burst and come down, maybe not this much (80%) but it needed to come down nonetheless. so that is another reason why you can't say the drop was because of China
OP posted this in September 05, 2017 when the banning of ICOs was the trend. Since then we saw a drop of more than 80% in the Bitcoin price, but I would not credit China's decision to ban all forms of ICOs to the massive drop in the price.
I would add that a massive Crypto currency advertisement ban on large social media platforms has caused most of the drop in the price, since then and we are only now seeing a small recovery in the price.
So YES, the Chinese bans on Crypto currency based ICOs had a influence, but it was not as significant as most predicted.
I would add that a massive Crypto currency advertisement ban on large social media platforms has caused most of the drop in the price, since then and we are only now seeing a small recovery in the price.
So YES, the Chinese bans on Crypto currency based ICOs had a influence, but it was not as significant as most predicted.
This topic already old and I think what ever the decision of the China about banning ICO and banning all related cryptocurrency we don't care because we can increase cryptocurrency and become popular without them. I see a lot of news China banned bitcoin which is some effect but we can prevent that if we still support the crypto.
It is possible that the first reaction will be negative, but after then the market may more favorably refer to the actions of the Chinese regulator. By and large, the ICO sphere should be adjustable, because there is a lot of scam in it. And this is not only because of the bear market, but also because many projects just want to raise money and disappear. Some teams just do not have enough experience, etc. Having regulation projects, any team that wants to create a product will be more responsible in its work and know that they are accountable to regulators.
ICOs in basically every case were a means of pushing a shitcoin or some cookie-cutter token which was designed to make a ton of money for the "devs" of the respective blockchain. I really cannot see a tangible benefit from most ICOs, especially when you consider that they were never really used as a means of promoting a token to make it better. All the good altcoins and tokens I can think of were released as a complete version, while I can't remember any that started as an ICO.Regulating the projects isn't necessarily required, nor should it be, people just have to stop buying into literal scams which give those who "buy in" a token that can magically be gifted from thin air.
It will makes those ICO haed to reach theor goals during ico or pre sale. We all know that country have a lot of population, lotscof potential investors.
Hey,
I read this article in a blog that i follow on china ICO ban https://fxpmarkets.blog/2017/09/05/central-bank-of-china-all-virtual-currency-offerings-must-be-stopped-immediately/
How do you think it will affect the market in the long term ?
Like playing in a fair gaming site, every asset you lose will affect your gameplay, even how small or big the asset is. China, we all know how big that country is and how enthusiastic businessmen there in cryptocurrency before, it will surely affect the market as a whole. I read this article in a blog that i follow on china ICO ban https://fxpmarkets.blog/2017/09/05/central-bank-of-china-all-virtual-currency-offerings-must-be-stopped-immediately/
How do you think it will affect the market in the long term ?
It is possible that the first reaction will be negative, but after then the market may more favorably refer to the actions of the Chinese regulator. By and large, the ICO sphere should be adjustable, because there is a lot of scam in it. And this is not only because of the bear market, but also because many projects just want to raise money and disappear. Some teams just do not have enough experience, etc. Having regulation projects, any team that wants to create a product will be more responsible in its work and know that they are accountable to regulators.
This was a thread that was created years back in 2017, by that time the contribution from China is big. With their support only bitcoin have grown to such a big level. They were the early supporters, recently they have made a big change in their decision as more scams have emerged along with more economic collapse through fake volume. By now China's decision won't make a big impact on bitcoin from my view.
Hey,
I read this article in a blog that i follow on china ICO ban https://fxpmarkets.blog/2017/09/05/central-bank-of-china-all-virtual-currency-offerings-must-be-stopped-immediately/
How do you think it will affect the market in the long term ?
I read this article in a blog that i follow on china ICO ban https://fxpmarkets.blog/2017/09/05/central-bank-of-china-all-virtual-currency-offerings-must-be-stopped-immediately/
How do you think it will affect the market in the long term ?
The crypto market is tired of China. That country has crashed the crypto prices so many times, that nowadays we normally ignore any news coming out from there. And the exchange rates show no impact from the latest news.
I agree. They've been against crypto ever since and yeah what they're doing did affect the market for a time, but not anymore. I guess the longer you've been in crypto the less you'd care about the likes of china and warren buffet. They can say everything they want but the effect gets less and less.
Hey,
I read this article in a blog that i follow on china ICO ban https://fxpmarkets.blog/2017/09/05/central-bank-of-china-all-virtual-currency-offerings-must-be-stopped-immediately/
How do you think it will affect the market in the long term ?
I read this article in a blog that i follow on china ICO ban https://fxpmarkets.blog/2017/09/05/central-bank-of-china-all-virtual-currency-offerings-must-be-stopped-immediately/
How do you think it will affect the market in the long term ?
The crypto market is tired of China. That country has crashed the crypto prices so many times, that nowadays we normally ignore any news coming out from there. And the exchange rates show no impact from the latest news.
During the time when this post was made , there were a lot of banning actions on bitcoin and cryptocurrency in some countries. This virtually is what led to some countries being banned from participating in their ICO by project owners. China is one of them. But a surprising thing is that the many of this ban actions seem to me like a game because after a while they wil unban and then bam again and unban and such it goes. All these just have little effect on the market.
China's central bank calls for banning ICO activities in general, and not just fraudulent projects, arguing that they are detrimental to China’s financial stability. This is not very convincing, given that they began to impose restrictions on cryptocurrency in 2017 and prohibit it with the same wording. It would be better if they started to regulate ICO and get rid of fraudulent ICO projects. Otherwise, the Chinese will be involved in them all the same, but in those that are held outside this state.
For all the marbles:
https://www.ccn.com/bitcoin-is-1-trending-on-chinas-biggest-search-engine-during-2019-highs
So there are still lots of Chinese investors hot on the trail of bitcoin. And I'm sure majority of them joined the ride during the sudden spike right after April Fools day.
Whether OTC trading or just simply Peer-to-Peer, and regardless what the Chinese government stance of crypto specially on bitcoin, the madness can't be stop specially that we are in the recovery process.
https://www.ccn.com/bitcoin-is-1-trending-on-chinas-biggest-search-engine-during-2019-highs
So there are still lots of Chinese investors hot on the trail of bitcoin. And I'm sure majority of them joined the ride during the sudden spike right after April Fools day.
Whether OTC trading or just simply Peer-to-Peer, and regardless what the Chinese government stance of crypto specially on bitcoin, the madness can't be stop specially that we are in the recovery process.
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