Topic: what will happen to ETH now that ICO is dead? - page 4. (Read 3758 times)

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.

No, ETH dump cannot be justified by the decision that China took because the price didn't slip when US SEC decided the same thing to regulate these ICOs before allowing their citizens to take part. China has declared it completely illegal, it's their problem. But what if there are genuine projects which will really prove through their work? World is round and none in the world is unaware of Bitcoins now, we may set up a group of entities who, through their contacts in the world, will investigate more about the ICO that is being conducted, where it is being worked out, what is the purpose, etc. and may then decide whether to let people invest in them or not.

that's how they wanted to make sure that they are still in control of their economy as people already earnings a lots of money out from crypto especially
from those crypto currency so to make sure that not everyone got involves to this big market they needed to facilitate and make necessary actions.

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 think ICO not dead. just scam ICO dead. Gov will control ICO. and people must verify to list an ICO

It's good news that ICOs were banned. It will wipe out a lot of scammers. So, later we will have other kind of opportunities to fund and raise money.

So why are you guys so fanatic with China. So what if China banned ICO?  Total Market Cap now is $149,816,286,076. Is the $100billion market cap owned by Chinese? We have Japan, Korea, US and lots of new countries joining the crypto wagon. I tell you, Bitcoin do not need China. ICO can go without their country.

I agreed about this how can be the future of ICO in this world if china makes the ICO illegal, the influence of china is so big that can make other country implemented what they implemented

Ethereum is one of  the oldest coins and its success is not only because of ICOs. Ethereum is always one of best investments in cryptocurrencies for everyone.
By the way, I don't think ICOs will be dead.

two things you not mention, one is new coins probably will not list on the exchange for a long time, and it will be a deadly strike to crypto. the other is more countries will follow China strategy as the regulation is necessary to a country

There nothing happens with ICOs. I'm not a huge expert on crypto trading, but only banning ICO, doesn't mean they can't trade crypto just can't participate in ICO. To my understanding, probably a good thing is waiting.

honestly, just hold onto your eth. this is crypto afterall, we aint here for an easy ride.

The Eth price has been based primarily on ICOs followed by potential of smart contracts for businesses (including banks) and all the amazing DAPPS in development.

Governments are quickly closing the door on the ICO scam (the vast majority are scams). This is why in recent news China has completely closed the door, the US SEC has made announcements along with the Canadian government and Korea is in the process of making them illegal.

There isn't a single popular DAPP in existence. There never will be either because if one got popular the ETH network would slow down to a snail's pace permanently. If a single ICO can basically shut down the network imagine what a popular DAPP would do when being used 24/7. Any other DAPPS would need to become APPS on private servers.

Every news story you read about banks or businesses using Ethereum is referring to the Ethereum Platform as a package to develop private network blockchains. They aren't considering using the public token at all. Although, it's good for a pump to suck money out of the hands of novices.

Recently I've noticed people suggesting that ETH can also function as money. It's turing complete design makes it a poor choice as money. These folks should really read why bitcoin and so many other safe cryptocurrencies are not turing complete.

Basically any use cases for ETH the token seems to have disappeared. The Ethereum Platform might still have some use; but, token holders don't own a piece of that.

It's hard to predict price because so many investors make their choices based on nothing but feelings and not analytical thought (as some comments in this thread demonstrate). In the long run reality will kick in and the long term price likely will decline.

I would say its about:

- Money lounderey
- Investor protection
- Tax collection
- Control

Yet as some guys already mentioned,  Chinas ICOs wont be forbidden, just regulated.

Exactly, China's intention is not to ban the ICO's but to protect the investors from the scams. If they form any legal regulation then people can easily invest into ICO without any problems. I don't see speculation for ETH because already ETH price is very strong in the market.

Maybe it is a good thing for the ETH ecosystem. Less backlog and congestion is expected in the following weeks.

It is not a problem because as far as I know there is not one single ICO which is using the Etherium platform that is based in china. Not one that I know of. Or am I right? Anyway, there are still so many countries out there that are supporting ICOs and cryptocurrencies. There is also a larger audience waiting to be tapped.

China may be a huge market in ICO community...
But we cant deny the fact that as of now it is only China who did the ban.
Of course it will be a different story if other countries would also follow what they did.
All we can do right now is wait for what will be the further effect of this to cryptocurrency and pray that no other country would follow China on what they did.

Not all coins have been hit hard, look at Verge, it trippled its value.

ICOs dead or not, I think it wouldn't affect ETH for sure. ETH is already quite famous today, so if there is ICOs or not ETH will always remain in demand. Remember when ETH still newcomer, people said he's scam but he rise up.