What's effect Facebook banned will have on ICOs today - page 8.

BitHodler

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Quote from: AltheaHeart14 on February 17, 2018, 01:51:44 AM

I agree with this statement, since facebook is the most known social media site, we will lost a big oportunity to be known or to be seen by millions or should i say billions of facebook user that can be a potential investor.

Don't take everything for granted just because Facebook has a massive potential reach. The thing with Facebook ads is that the far majority of the people don't pay attention to them due to all the garbage ads.

They have been allowing basically any entity to advertise something that either doesn't make any sense, or was something that looked like an almost obvious ponzi scheme.

From there it's very easy to assume that it won't have an impact at all on crypto. There are much better ways of getting yourself known as crypto business ~ facebook ads were known to be a ponzi fest, and nothing more.

Not something you as legitimate minded crypto business wants to be associated with.

drachman

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Quote from: Uko21 on February 01, 2018, 01:49:58 AM

Facebook have it new policy pertaining to initial coins offerings 'ICOs' . The policy specifically prohibits ads that promote ICO on it platform.
The banned is due to the fact there are so many companies who are advertising ICOs that are not currently operating in good standards and faith.
In the meantime, Facebook is encouraging people to report content that violates this new policy.
What effect do you think this will have on ICOs and future of cryptocurrencies?

It is difficult to know, many icos are using social media to promote their projects and facebook is one of the biggest websites around the world so icos will be affected but with so many alternatives it is doubtful this is going to be a big blow, the problem is we are seeing many accumulative news against icos in the previous months and when you add the effects of all of those news then a decrease on investments must be happening.

AltheaHeart14

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Quote from: milewilda on February 05, 2018, 06:58:56 AM

Quote from: just_Alice on February 05, 2018, 04:23:57 AM

Quote from: Uko21 on February 01, 2018, 01:49:58 AM

Facebook have it new policy pertaining to initial coins offerings 'ICOs' . The policy specifically prohibits ads that promote ICO on it platform.
The banned is due to the fact there are so many companies who are advertising ICOs that are not currently operating in good standards and faith.
In the meantime, Facebook is encouraging people to report content that violates this new policy.
What effect do you think this will have on ICOs and future of cryptocurrencies?

Facebook, as a place where there are any and all people wasn't the best place to advertise ICOs anyway, so this won't influence crowdfunding process much. Apart from the specialized forums, like Bitcointalk, there are still Reddit and Quora

But we do know that famous social media like facebook do have lots of users on it even though it is not crypto related traffic but yet the potential on hooking up potential investors would really be there but i do agree on what you said that there still other places which can actually get crypto-related people that would really tend to join up on these crowdfundings.

I agree with this statement, since facebook is the most known social media site, we will lost a big oportunity to be known or to be seen by millions or should i say billions of facebook user that can be a potential investor.

Olalomi

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This is a good decision by Facebook to curb the nefarious activities of some ICOs although traffic-wise this will reduce the income accruing to Facebook but I belief this is a right decision to restore sanity into the system and to reduce scams.

Kemarit

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Quote from: gamalzour on February 17, 2018, 12:32:53 AM

Quote from: isaac_clarke22 on February 09, 2018, 08:58:04 PM

Pretty much nothing unless Facebook takes the consideration of use of cryptos for money sending or remittances. Almost every group page in the site regarding cryptos were mostly hidden rather than even promoted. People who join facebook bounty to advertise the ICOs doesn't get that much of attention because the crypto itself isn't really "known" but people are sort of "aware" to it. If there will be specific effect then:

-Spams from the site will be greatly reduced, because all those people out there tend to spam by sharing lots of content from the ICO page they need to do their obligation.

-It will have mirror-effect in the people's mind in the silence of these advertisement. Instead of thinking of it as a scam, they will be more curious to it. Most likely they will always start with Bitcoin or Ethereum

-The traffic of advertisement of the ICO will increase in the Twitter due to recent ban. It is social media, people will do everything to promote or market their service or product.

-More ICOs will fail? I don't think so. Facebook is a really large site, let's accept it but because of its largeness in a single or main purpose, people would likely just use to to chat people. The trust level in advertisement in Facebook isn't really as high as what we can assume. There are a lot of investors in Facebook but could they really trust something that fluctuates?

In general, we shouldn't worry about it. Facebook might "look like" the largest opportunity to earn a lot of investors in the crowdfunding of the ICOs but it could make things worse if these keeps going as not all the ICOs are legit and it could just cause degrade in the crypto if the new crypto investors will find out that the project was just a fraud all these time.

Facebook is the best social media for promoting a business. I know that some people used all these iCOs for spam and Facebook did a good thing by banning iCOs to prevent spamming, but the and side of it is that there are some good iCOs that are still starting up and needs a good source or media to promote themselves, and with Facebook banning every form ICOs, it will be difficult for these new ones to start up successfully.

Its true that Facebook is the number 1 social media out there. But them banning ICO would have any significant effect on the legit ICO's. There are other social media platform that they can used to promote their project. And if their project are trusted and legit then people will know about it through other outlets without Facebook. It can even spread through word by mouth. The only one that will be really affected are those scam ICO's, which in the first place is Facebook's reason behind why they are banning ICO advertisement. And I lauded Mark Z moves, there might be pressure from the government though, but I think its the right move.

gamalzour

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Quote from: isaac_clarke22 on February 09, 2018, 08:58:04 PM

Pretty much nothing unless Facebook takes the consideration of use of cryptos for money sending or remittances. Almost every group page in the site regarding cryptos were mostly hidden rather than even promoted. People who join facebook bounty to advertise the ICOs doesn't get that much of attention because the crypto itself isn't really "known" but people are sort of "aware" to it. If there will be specific effect then:

-Spams from the site will be greatly reduced, because all those people out there tend to spam by sharing lots of content from the ICO page they need to do their obligation.

-It will have mirror-effect in the people's mind in the silence of these advertisement. Instead of thinking of it as a scam, they will be more curious to it. Most likely they will always start with Bitcoin or Ethereum

-The traffic of advertisement of the ICO will increase in the Twitter due to recent ban. It is social media, people will do everything to promote or market their service or product.

-More ICOs will fail? I don't think so. Facebook is a really large site, let's accept it but because of its largeness in a single or main purpose, people would likely just use to to chat people. The trust level in advertisement in Facebook isn't really as high as what we can assume. There are a lot of investors in Facebook but could they really trust something that fluctuates?

In general, we shouldn't worry about it. Facebook might "look like" the largest opportunity to earn a lot of investors in the crowdfunding of the ICOs but it could make things worse if these keeps going as not all the ICOs are legit and it could just cause degrade in the crypto if the new crypto investors will find out that the project was just a fraud all these time.

Facebook is the best social media for promoting a business. I know that some people used all these iCOs for spam and Facebook did a good thing by banning iCOs to prevent spamming, but the and side of it is that there are some good iCOs that are still starting up and needs a good source or media to promote themselves, and with Facebook banning every form ICOs, it will be difficult for these new ones to start up successfully.

Strongball

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Considering the impact and popularity of facebook with people in general, I think it will have a slight effect on ICOs these days.
It may not be that big of deal since there are other social media platforms that are significantly if not more effective
and popular as facebook. Maybe the band is temporary at the moment, facebook does have an addictive or
attaching influence with people. With the promotions and advertisements of icos and cryptocurrency,
they will thrive and adjust as long as there are extra social media options and the internet.

mamesso

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Quote from: lvsca on February 15, 2018, 08:31:49 AM

Quote from: shaheer001 on February 15, 2018, 04:10:42 AM

Facebook is not doing good for banning ICO's or Crypto coins advertisement, ICO's are not like hyips,ptc sites or any other ponzi schemes it is like pure investment and now maximum ICO's KYC is compulsory so it is unfair by Facebook.Facebook is world largest advertisement media so it will definitely effect the incoming ICO's business.

they only banning ads for crypto or ICO, not banning crypto or ICO page, thats not big problem. ICO or crypto devs can open facebook bounty, they still can promoting their program on fb. about effective or not, i dont know, but its like effective

I do not know this certainty, about Facebook tire crypto.
I still see some people sharing news or advertisements about ICO.
even facebook social media campaigns are still valid and have not been deleted.
no problem for me.

lvsca

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Quote from: shaheer001 on February 15, 2018, 04:10:42 AM

Facebook is not doing good for banning ICO's or Crypto coins advertisement, ICO's are not like hyips,ptc sites or any other ponzi schemes it is like pure investment and now maximum ICO's KYC is compulsory so it is unfair by Facebook.Facebook is world largest advertisement media so it will definitely effect the incoming ICO's business.

they only banning ads for crypto or ICO, not banning crypto or ICO page, thats not big problem. ICO or crypto devs can open facebook bounty, they still can promoting their program on fb. about effective or not, i dont know, but its like effective

1Referee

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Quote from: StarofBTC on February 15, 2018, 05:34:39 AM

Maybe companies will have to move over to other social medias like Twitter and Instagram. Don’t know about Reddit, but it ain’t a place for promoting.

It's of no use. The major social media platforms are cleaning house, and thus will result in similar practices of these platforms overall. The main point is that the multinationals having billions of dollars as marketing budged, have started to demand for critical changes of the social media platforms. To put force behind their words, they have started to reduce their marketing budged that would usually flow into Google, Facebook, Youtube, etc. That very well explains the sudden policy changes of these social media platforms, and it will only get worse. All these social media platforms thrive on ad revenue, and the multinationals know that, and aren't shy of demanding more changes. If this gets taken out of proportions too much, we'll only be left with my little pony ads on social media. Cheesy

StarofBTC

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Quote from: Forbiddenone on February 12, 2018, 08:28:29 AM

Many of traders are thinking that facebook ads caused this dip but crypto world run twitter and telegram more than Facebook.and global market was down so it was expected dip of btc. And one more thing that cause this further dip was fud rumors created by media that india was going to ban cryptocurrency.so Facebook ban hardly caused any dips.

I don’t know if this is going to have any effect on Bitcoin and ICOs, but one thing I know for sure is that there isn’t any social media like Facebook, though Google+ seems a little similar, but there are more population in Facebook than on Google+ and Facebook is also fun and easy to use, you can reach a lot of audience there and get page to promote what you want. Maybe companies will have to move over to other social medias like Twitter and Instagram. Don’t know about Reddit, but it ain’t a place for promoting.

shaheer001

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Facebook is not doing good for banning ICO's or Crypto coins advertisement, ICO's are not like hyips,ptc sites or any other ponzi schemes it is like pure investment and now maximum ICO's KYC is compulsory so it is unfair by Facebook.Facebook is world largest advertisement media so it will definitely effect the incoming ICO's business.

zhuiyongliang8

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I don't think anyone would believe you if you were promoting some sort of encryption on Facebook. Some people claim that many ico is a hoax.

Daimon88

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Quote from: terrific on February 08, 2018, 12:28:53 PM

Quote from: dzhan on February 06, 2018, 11:11:17 AM

Facebook is considered as first social media platform right now

It's not the first social media platform right now. It's the most popular but it's not considered as the first social media platform. And whether they ban ICO's advertisement they really doesn't care about it because there are other ways to advertise and not only through them.

So does this mean that the same policy of not allowing the promotion of ICOs will be applied on Instagram, cause Facebook is also the same organization that runs Instagram? Well, I don’t think it will really affect Bitcoin that much, there are still other ways to promote ICOs, but the problem is just that there isn’t one as Facebook. With Facebook, ICOs would be able to reach a lot of people more than it will do in other social medias.

carodupuis

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Quote from: avp2306 on February 08, 2018, 09:08:17 AM

It can create an huge trouble for those weak hand people and we can see some dumps if this one will be happen, but this one will be temporarily happen since their are still faceboon bounty ads will exist and huge whales,investors will see the coin product since the bounty participants itself will spread the word about their project.

Dude, try to read the post carefully and understand it. Facebook banning the promotion of ICOs on their platform has nothing to do with people dumping Bitcoin and all that. This is a different case, and by the way, the price of Bitcoin didn’t fall just because of Facebook banning ICOs, these are two different cases. Bitcoin is falling, and that’s just a normal thing which occurs as a result of being highly volatile.

pisston

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Quote from: betlord90 on February 13, 2018, 12:25:57 AM

We can experience some little downfall of advertisement and certain ICO exposure for the meantime but it will not affect on for its entire running since facebook is only banning the pay ads on their site and people who's joining their social camp can still share the words on their facebook friends and this one could still make the ICO's exposure go wider again.

but I do not understand the prohibition of such actions on Facebook. How do they harm the project itself or visitors to this social network? At least it seems to me that this ban can have far-reaching plans.

betlord90

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We can experience some little downfall of advertisement and certain ICO exposure for the meantime but it will not affect on for its entire running since facebook is only banning the pay ads on their site and people who's joining their social camp can still share the words on their facebook friends and this one could still make the ICO's exposure go wider again.

arthur25

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Facebook can make ICO influence slowdown but cannot make it unknown ICO. There are more social media in the computer system such as telegram, twitter, and YouTube maybe we can include the yahoo, google, and amazon.

stomachgrowls

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Quote from: veleten on February 12, 2018, 08:29:40 AM

Quote from: Uko21 on February 01, 2018, 01:49:58 AM

Facebook have it new policy pertaining to initial coins offerings 'ICOs' . The policy specifically prohibits ads that promote ICO on it platform.
The banned is due to the fact there are so many companies who are advertising ICOs that are not currently operating in good standards and faith.
In the meantime, Facebook is encouraging people to report content that violates this new policy.
What effect do you think this will have on ICOs and future of cryptocurrencies?

will have zero to no effect,only would decrease the amount of SMM advertising for the shit ICOs
there were not many anyways,Facebook ads are expensive and with less effectiveness than Google ads or Twitter,for example
but Facebook follows Youtube's footsteps,only it is a different category ban,but the big companies do not like to be associated with dubious content
be it facebook,youtube or any other social media-more than 20% of ICO funds have been stolen or misused,according to a research
so there is no doubt you as a potential content viewer would be better off not being able to see a scam ICO ad on facebook

They are really less ineffective since we do know that most people dont really have idea on what crypto is and as you said they are expensive compared into google ads or just simply on twitter basis. I dont have any idea on the statistics regarding on that 20% which i wasnt aware but yet we do saw that certain percentage is misused. This is actually an advantage for people on not being scammed.

veleten

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Quote from: Uko21 on February 01, 2018, 01:49:58 AM

Facebook have it new policy pertaining to initial coins offerings 'ICOs' . The policy specifically prohibits ads that promote ICO on it platform.
The banned is due to the fact there are so many companies who are advertising ICOs that are not currently operating in good standards and faith.
In the meantime, Facebook is encouraging people to report content that violates this new policy.
What effect do you think this will have on ICOs and future of cryptocurrencies?

will have zero to no effect,only would decrease the amount of SMM advertising for the shit ICOs
there were not many anyways,Facebook ads are expensive and with less effectiveness than Google ads or Twitter,for example
but Facebook follows Youtube's footsteps,only it is a different category ban,but the big companies do not like to be associated with dubious content
be it facebook,youtube or any other social media-more than 20% of ICO funds have been stolen or misused,according to a research
so there is no doubt you as a potential content viewer would be better off not being able to see a scam ICO ad on facebook

Topic: What's effect Facebook banned will have on ICOs today - page 8. (Read 1146 times)