China Bans ICOs - eBay Suspension & PayPal Limited Forums
eBay Suspension & PayPal Limited Forums  
Join Today
Register Subscribe
     

Registration is fast, simple and absolutely free so please, join our community today!


Go Back   Home > General Discussions (Off-Topic) > Making Money > CryptoCurrency

CryptoCurrency Discuss all CryptoCurrencies / coins and their use for personal or business purposes. Bitcoin (BTC) is possibly the best known but there are numerous crypto currencies, this is the forum to discuss them all.

Reply
 
Thread Tools
  #1  
Old 09-04-2017
Futuremogul888's Avatar
Senior Member
 
Join Date: Jul 2012
Posts: 523
Thanks: 129
Thanked 380 Times in 211 Posts
Activity: 24%
Longevity: 55%
iTrader: (0)
Default China Bans ICOs

China loves innovation, technology and capitalism except when they cannot control it. As many crypto investors have probably already heard: China has banned ICOs. They also took an unusually aggressive step and declared that all past ICOs need to return the funds that they raised. This will mainly affect NEO, TenX, and Binance directly but has obviously affected the market as a whole.We know the majority of the market will rebound but the same might not be true for NEO and the other cryptos that have come out of China.

So what do you think about the crypto situation in China? What will be the macro and micro affects of the Chinese sitting on the sideline for ICOs? Do you think other countries will follow suit including banning crypto altogether (Rumor has it that Russia is going to ban Crypto)? Do you think Neo and other Chinese Cryptos will survive?

My take:

Regulation is coming from all directions. Too many scams. Regulation will legitimize it. Crypto is here to stay but will not stay a free-for-all. This market downturn is short lived. The market will rebound again quickly after the dumb money sells and the smart money buys back up. I believe NEO will survive by moving the project to another country.

Last edited by Futuremogul888; 09-04-2017 at 09:42 PM.
Reply With Quote
The complete step-by-step guide to get back to selling today!

  #2  
Old 09-04-2017
MM78's Avatar
Executive [VIP]
 
Join Date: Sep 2010
Posts: 14,135
Thanks: 1,107
Thanked 4,802 Times in 3,327 Posts
Activity: 29%
Longevity: 70%
iTrader: (4)
Default Re: China Bans ICOs

Also, China can't f@ke crypto currency....and that makes them sad :(
Reply With Quote
  #3  
Old 09-05-2017
Senior Member
 
Join Date: Apr 2017
Posts: 273
Thanks: 6
Thanked 45 Times in 37 Posts
Activity: 0%
Longevity: 17%
iTrader: (0)
Default Re: China Bans ICOs

Haha, the government want to make sure everything is under control. Even Alipay is facing strict regulation so that the government can make sure people are still using cash.
Reply With Quote
The Following User Says Thank You to nimade71 For This Useful Post:
unkown5454 (09-05-2017)
  #4  
Old 09-05-2017
rsot's Avatar
Executive [VIP]
 
Join Date: Dec 2009
Posts: 57,593
Thanks: 4,576
Thanked 7,015 Times in 6,389 Posts
Activity: 100%
Longevity: 76%
iTrader: (7)
Default Re: China Bans ICOs

Quote:
Originally Posted by MM78 View Post
Also, China can't f@ke crypto currency....and that makes them sad :(
Hah too true
Reply With Quote
  #5  
Old 09-05-2017
Executive [VIP]
 
Join Date: Nov 2012
Posts: 3,090
Thanks: 407
Thanked 661 Times in 489 Posts
Activity: 0%
Longevity: 53%
iTrader: (0)
Default Re: China Bans ICOs

This is extremely bullish to me. ICOs will come back in China but it will be regulated. They did the same thing when the locked BTC withdrawals on exchanges for like 4 months earlier in the year. Now they have some of the best run exchanges out there.

I am anti Government but since such entities exist and people don't like to responsibility for their own actions. I would rather have these ICOs nixed early than have people lose their ass and come back bitching at regulators and have them over react.

When you have Paris Hilton pumping an ICO who probably can't even set up a wallet, and Floyd Maywether who can't even read. And people are buying this ****? Its gotten out of hand.
Reply With Quote
The Following 3 Users Say Thank You to vogeltron For This Useful Post:
Play (09-05-2017), rsot (09-05-2017), unkown5454 (09-05-2017)
  #6  
Old 09-05-2017
unkown5454's Avatar
Executive [VIP]
 
Join Date: Mar 2011
Posts: 4,183
Thanks: 2,142
Thanked 1,292 Times in 927 Posts
Activity: 28%
Longevity: 67%
iTrader: (0)
Default Re: China Bans ICOs

ICOs are out of control. all they do is invite more crim.ina.ls to the crypto world. just like when kickstarter and indiegogo exploded with sc.ams and even copycats of gofundme, etc. all these are the same BS just using different tactics. faux investments and vaporware
Reply With Quote
The Following 2 Users Say Thank You to unkown5454 For This Useful Post:
rsot (09-05-2017), vogeltron (09-05-2017)
  #7  
Old 09-05-2017
Executive [VIP]
 
Join Date: Nov 2012
Posts: 3,090
Thanks: 407
Thanked 661 Times in 489 Posts
Activity: 0%
Longevity: 53%
iTrader: (0)
Default Re: China Bans ICOs

Quote:
Originally Posted by Futuremogul888 View Post
(Rumor has it that Russia is going to ban Crypto)?
I didn't see this before. But all indicators are that Russia is going to add Crypto to their stock exchange. They are cracking down on illegal uses. But Vitalik Buterin met with Putin a few months ago. It appears to me that Russia is going to embrace Crypto to get back at the Petro Dollar and Swift system.

I have no idea why someone would think otherwise.
Reply With Quote
  #8  
Old 09-05-2017
xenix's Avatar
Senior Member
 
Join Date: Nov 2011
Posts: 755
Thanks: 232
Thanked 123 Times in 71 Posts
Activity: 26%
Longevity: 61%
iTrader: (50)
Default Re: China Bans ICOs

When goverments started fearing means ,people doing right ,in china goverment is rich people are poor,so when people get real money and improve their quality of life goverment is **** scared and want to keep them poor,why all those pseduo/⊗⊗⊗⊗ coins xrp comes into circulation banks are scared crypto will become the future ,even in BOA you can see opening for ones who know blockchain technology.
As i say its not end ,its a starting ,in a row other goverments will keep banning ICO later crypto and they want us to use some paper printed by some private company
__________________
AMAZON SELLER CENTRAL CARDS IN STOCK LIMITED STOCK
Reply With Quote
The Following User Says Thank You to xenix For This Useful Post:
Play (09-05-2017)
  #9  
Old 09-05-2017
Futuremogul888's Avatar
Senior Member
Threadstarter  
 
Join Date: Jul 2012
Posts: 523
Thanks: 129
Thanked 380 Times in 211 Posts
Activity: 24%
Longevity: 55%
iTrader: (0)
Default Re: China Bans ICOs

Quote:
Originally Posted by vogeltron View Post
I didn't see this before. But all indicators are that Russia is going to add Crypto to their stock exchange. They are cracking down on illegal uses. But Vitalik Buterin met with Putin a few months ago. It appears to me that Russia is going to embrace Crypto to get back at the Petro Dollar and Swift system.

I have no idea why someone would think otherwise.
https://cointelegraph.com/news/sudde...rdinary-people

http://www.zerohedge.com/news/2017-0...rdinary-people

https://www.ethnews.com/russia-backp...yptocurrencies
Reply With Quote
  #10  
Old 09-05-2017
Play's Avatar
Senior Member
 
Join Date: Aug 2012
Posts: 5,761
Thanks: 1,078
Thanked 1,533 Times in 1,245 Posts
Activity: 47%
Longevity: 55%
iTrader: (37)
Default Re: China Bans ICOs

Don't know much about ICOs.

Am I right in saying, whilst ICOs are being banned in China (and potentially elsewhere), Bitcoin is still permitted?
Reply With Quote
  #11  
Old 09-05-2017
elmo's Avatar
Senior Member
 
Join Date: Jan 2013
Posts: 2,826
Thanks: 1,325
Thanked 909 Times in 559 Posts
Activity: 0%
Longevity: 52%
iTrader: (337)
Default Re: China Bans ICOs

well said vogeltron
Reply With Quote
  #12  
Old 09-05-2017
unkown5454's Avatar
Executive [VIP]
 
Join Date: Mar 2011
Posts: 4,183
Thanks: 2,142
Thanked 1,292 Times in 927 Posts
Activity: 28%
Longevity: 67%
iTrader: (0)
Default Re: China Bans ICOs

Quote:
Originally Posted by Play View Post
Don't know much about ICOs.

Am I right in saying, whilst ICOs are being banned in China (and potentially elsewhere), Bitcoin is still permitted?
china owns the biggest mines and pools in the world. BTC is just another avenue ushering the country into the super power of the future.
Reply With Quote
Reply



Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Bans? Anyone try it? heather Sales & Marketing 46 04-10-2016 07:34 PM
EB bans you then rips you off zoneout eBay Discussion! 2 12-20-2012 06:34 AM
A new way that amazon bans account? roberto Amazon 4 09-04-2012 10:45 AM
ebay bans for using firefox? ivegotinfo eBay Discussion! 5 12-17-2007 05:18 PM


Aspkin Group

All times are GMT -5. The time now is 12:30 AM.


Stop the guessing games and learn how you can quickly and easily get back on eBay today!
Read the best selling step-by-step eBay Suspension guide eBay Stealth!
Amazon Suspension? Read Amazon Ghost to get back on Amazon!
vBulletin® Copyright ©2000 - 2019, Jelsoft Enterprises Ltd.
Ad Management by RedTyger
no new posts