Topic: what will happen to ETH now that ICO is dead? (Read 3758 times)
I would not agree that ICO is dead. ICO is not exclusive to China. Same rules as before ie read the whitepaper and see if there is a need for the coin. It is not all doom and gloom.
You are saying that everyone in this world are chinese i agree to the fact that chinese invested the most but it's fine ico are still raising millions there are many people out who can invest in ico now the companies will focus on many small investors than few big investors.
Secondly i don't think china has any system to detect anyone investing in ico most likely nothing will change.
Secondly i don't think china has any system to detect anyone investing in ico most likely nothing will change.
Ethereum will going to continue, its not the ico its the use of eth and not only the chinese were able to use it.
This news is not new to me maybe its a kind of FUD news again. Every year there is a news that bitcoins is banned in china repeatedly.
Well said. ICO banned is in China only. They are not the only country who is in the ICO. So don't panic because ICO will be here as long as there are communities and supporter.This news is not new to me maybe its a kind of FUD news again. Every year there is a news that bitcoins is banned in china repeatedly.
Actually I have read that South Korea is planing to do something similar.
And it will most likely not be the last country who does so.
The ban will not go on for ever, but the number of new ICOs will go down after it.
And because they are funded with ETH that will decrease the demand for ETH long term.
How important is South Korea in terms of investment? Do they make big investments that would shake the market?
Just coming from pure curiosity.
I think the topic should be, "what will happen to Eth now that ICO is dead in China?"
ICO is not dead but has really affected by China's latest statement and thus ETH, so with other altcoins used in ICO purchases, has been really affected. For me, this dips are not permanent and will recover soon. There are stil investors from outside China that also need to be considered.
ICO is not dead but has really affected by China's latest statement and thus ETH, so with other altcoins used in ICO purchases, has been really affected. For me, this dips are not permanent and will recover soon. There are stil investors from outside China that also need to be considered.
Ethereum will going to continue, its not the ico its the use of eth and not only the chinese were able to use it.
This news is not new to me maybe its a kind of FUD news again. Every year there is a news that bitcoins is banned in china repeatedly.
This news is not new to me maybe its a kind of FUD news again. Every year there is a news that bitcoins is banned in china repeatedly.
I have to agree. Although there is a huge number of contributors from China, there are still contributors all over the world regardless.
china is only a country that said that ICO is illegal. the other chinese that want to invest or buy a ICO they can go transact it to the outside of china... we will see what happen on ICO and ETH
not the china that determines the ico will end, because the one who uses ico is the whole world, not just china alone, and i'm sure this is not the end of ico, and eth will not die, because it's not just because ico make eth it's developing.
As I see ETH is still stable high. At beginning of this year it was around 40$.
To tell the truth, I think there were too many ICOS going around. It's a little like if ICOS were the new ponzi. Hope this calms things down a bit...
As for ETH, there is much circulating already. IT can go down a bit, but it will likely recover.
As for ETH, there is much circulating already. IT can go down a bit, but it will likely recover.
Eth may be a little affected by the ban raised by the china but eth will still live, it will survive. I don't think this is the worst situation eth has been thru and china is just one country. So long as there are still people investing in this coin and so long as its technolgy continues to impress people and prove its significance then eth will live.
It will surely live but as you said it would be somehow affected considering that Chinas participation on ICO does really give an impact since they do have the money to invest on but well since they are banning ICO then its not really the end of ETH knowing that china is just really single country and there are still lots who arent banning ICO. Theres still lots of ways.It seems to me that China no longer has a significant influence on alternative currencies and on the crypto currency market as a whole.
The news of the ban has indeed lowered the price of the crypto currency, but recovery is already underway. I am confident that the situation will soon return to normal
Who has killed ICO? China has forbid ICO-s for chinese companies. There are about 200 countries in the world and China is just one. Participating in ICOs of other contries is still not illegal for chinese people so ETH will live on and ICO-s will still happen. It's a panic drop, life goes on and ETH goes on.
I do not understand how there are so many who do not actually put their thought into acquiring information and just live on with assumptions that have nothing to do with reality... and the go on declaring this as the truth to the rest of the world and things start to live their own lives.
I do not understand how there are so many who do not actually put their thought into acquiring information and just live on with assumptions that have nothing to do with reality... and the go on declaring this as the truth to the rest of the world and things start to live their own lives.
You're right it's a real shocker that people would think that a country with 20 percent of the world's population can have any effect.
Additionally, the fact that other countries are moving towards regulations under security laws that will effectively shut down the majority of ICOs that can never meet the criteria is irrelevant too.
You are definitely right about "there are so many who do not actually put their thought into acquiring information and just live on with assumptions that have nothing to do with reality". In this we completely agree.
I would agree to your ironi about the effect of China if it would have been people who are forbidden to invest and participate in ICO-s. But it is not. It is illegal for the chinese companies to hold ICO-s. It does not mean that these ICO-s will not be held in other countries instead.
Currenty there are countries that are thinking of regulating. There are also these who are not. I do not see any serious steps from the rest of the world to regulate ICO-s and also regulating is not forbiding them. I believe it will take quite some time until we hear of the first country to regulate cryptocurrencies and ICO-s. Also... regulating the ICO-s is not by definition a negative thing. It would also prevent fraud and protect the investor. Of course it will be done in a smart and open minded way.
May eth for a long time the price will be down, because ico cut off, then eth market supply and demand will be a substantial decline in the loss of demand prices will lose support, so the forehead should also find a new way out
This is decentralization - not important where is participants live. And Eth not an exception. After Metropolos it will be even more noticeably. But some severity for today ICO's not bad
Yes, crypto currency is decentralized and anonymity, it is really not important where you live. So, China can only regulate ICO developer, no way to regulate participants.
Well ICO is not dead at all. We will just have less scams and more quality ICOs so we should definetly stop panicking and calm down. ETH is a coin which sits on powerful pillars so i'm sure it will keep the uptrend in the long term. So ETH will be fine don't worry my friend.
Eth may be a little affected by the ban raised by the china but eth will still live, it will survive. I don't think this is the worst situation eth has been thru and china is just one country. So long as there are still people investing in this coin and so long as its technolgy continues to impress people and prove its significance then eth will live.
It will surely live but as you said it would be somehow affected considering that Chinas participation on ICO does really give an impact since they do have the money to invest on but well since they are banning ICO then its not really the end of ETH knowing that china is just really single country and there are still lots who arent banning ICO. Theres still lots of ways.It seems to me that China no longer has a significant influence on alternative currencies and on the crypto currency market as a whole.
The news of the ban has indeed lowered the price of the crypto currency, but recovery is already underway. I am confident that the situation will soon return to normal
That ETH won't be hit would be wrong but I don't expect it to go down to the period before the surge of token via ETH platform because those that have been established are hope to continue to develop and making ETH relevant through transfer in and out of the market thereby consistently ensure that ETH is in demand and with that, price is expected to have absorbed the ban of ICOs favorably.
Eth may be a little affected by the ban raised by the china but eth will still live, it will survive. I don't think this is the worst situation eth has been thru and china is just one country. So long as there are still people investing in this coin and so long as its technolgy continues to impress people and prove its significance then eth will live.
It will surely live but as you said it would be somehow affected considering that Chinas participation on ICO does really give an impact since they do have the money to invest on but well since they are banning ICO then its not really the end of ETH knowing that china is just really single country and there are still lots who arent banning ICO. Theres still lots of ways.It seems to me that China no longer has a significant influence on alternative currencies and on the crypto currency market as a whole.
The news of the ban has indeed lowered the price of the crypto currency, but recovery is already underway. I am confident that the situation will soon return to normal
Eth may be a little affected by the ban raised by the china but eth will still live, it will survive. I don't think this is the worst situation eth has been thru and china is just one country. So long as there are still people investing in this coin and so long as its technolgy continues to impress people and prove its significance then eth will live.
It will surely live but as you said it would be somehow affected considering that Chinas participation on ICO does really give an impact since they do have the money to invest on but well since they are banning ICO then its not really the end of ETH knowing that china is just really single country and there are still lots who arent banning ICO. Theres still lots of ways. China is not the whole world. I think this will hit ETH but not kill him. Also the Chinese are gamblers on the market, they can circumvent these prohibitions.
I agree. So what if china is banning ICO's. This is the USA!
If China banned ICO it doesn't mean that ICOs will be ban in other countries. Some are against but some are still investing on it with the belief that it will boom in the future. So I can say that ICO will not die.
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