China bans ICO

Actually fuck this, im out until shit starts recovering.

....you know both of those are ICOs right?

It is. Be greedy when others are fearful and shit. I hold and buy more when dip stabilize.

How is OMG affected?

Neo is going to 0.005 it seems.

It's also an ICO
do none of you retards know what you're buying? jesus christ

neohodlers are so fucking retarded
glad I sold when it was above 1M

Guys, never go to sleep without setting a stop loss.

What are they actually doing? Forbidding new companies? What about existing ones?

OH FUCK this is the end anons

Looks like the Chinese ICOs have to pay back investors and cease.

>The future is in DPoS.
explain

guys, should we sell btc too? looks like china is fcking up btc too

Relax, nobody cares.

So a hold on chinese ICOs until their government figures out how they can charge them for issuing tokens?

It's just mass fear... THey should calm down in one ot two days.

ICO is long over, what the fuck are you talking about

Any danger of other (non-communist) nations following suit?

Someone want to explain this to a retard? Does this mean they banned upcoming ICOs or everything that was ever an ICO?

Im guessing this fucks red pulse right?

I was excited for that ico

>Any danger of other (non-communist) nations following suit?
That's very likely. It seems to be a trend. They will eventually regulate ICOs, like IPOs.

Time to pull all my ico based coins out to BTC and wait it out.

ETH crashing...
BTC crashing...
is this the end Veeky Forums? I'm getting a little nervous about my long positions.

lol
why dont you try reading the article for once?
>Of the date of this announcement, various tokens issued financing activities should be stopped immediately. Completed tokens issued to finance organizations and individuals should make arrangements for repaying and other reasonable investor protection, proper disposal risks. The relevant departments will be severely punished according to the law refuses to stop issuance of tokens financing and illegal activities token issuance of financing the project has been completed in.
pastebin.com/0efUbHAq
what the fuck kind of logic are you even under? lmao. just because it's done its no longer an ICO? ignorant retard
YOU are why regulators are coming.

If this only affects icos then why are the chinks selling off everything? Just seems a bit extreme to me.

Like, crypto was build on the sketchy premise that it may or may not be legal.

This type of response shows that there's too many retarded normies in crypto.

>daddy govt said no reeeeeee

Please fucking bring back the libertarians to this market.

Nothing changes. They had alreayd announced that Chinese citizens wouldn't be allowed to participate.

It's a blow to NEO.

and every Chinese ICO

Guess it's about time for Kraken to take a shit.

fck this, i will sell all i got. this is no mass fear, this is half of the market going out of crypto

>inb4 all non-Chinese coins crash too
God people are retarded.

You think chinese ppl are not involved in non chinese coins? they are done with crypto

HOLY FUCK EVERYTHING IS COLLAPSING! SELL SELL SELL
SAVE YOURSELVES YOU FUCKERS BEFORE YOU HAVE NOTHING LEFT

They are shorting everything. They obviously intend to rebuy it for cheaper.

remember guys, regulation HELPS neo

China has a ton of bitcoin mining operations. Those aren't getting banned.

>regulation HELPS neo
This is not about regulating ICOs, this is about BANNING them.

They should be pumping, money should be going out of Chinese/Asian shit and into BTC, ETH, XMR, ...
But of course people are retards, so yeah.

The upside is this gives us buying opportunities.

>they are done with crypto
Lmao.
I take it you weren't around during the barrage of PBoC scares in early 2017?

Only applies to NEW ICOs

>chinks will now be forced to buy my ico coins at 10x the price
CHINA YES

Guys... I think NEO might go to 0.003
Not enough buyers, too many sellers.

I was around when MT Gox was a thing. And this will be nothing compared to that

nope

idiot.

ALL ico's. They want completed ICO's to refund their investors too.

NEOOOOOOOOOOOOOOOOOOOOOOOOO

Good. Dongfei can give me my money back.

>this will be nothing compared to that
First you said "China is done with crypto", then you say the current events will be nothing compared to Mt. Gox.
Which is it?

Only 140 BTC of buy orders in the books.
It's crashing back to $3.

and this is making you sell out of all your stuff? I guess if you plan on buying back in, but surely if you've also been around a few years you've had a few experiences of trying to catch a falling knife and fucking it up hard by now.

Yes. Crypto is China. When China is done wit crypto. Crypto is done? ok?

thanks for the reminder.

But i ni hao'd the wealthy chinaman this morning.......

aaaaand there goes Kraken. Great.

Isn't a lot of the value of ETH tied to ICOs tho?

Remember kids - banning ICOs is good for platforms that rely on ICOs for fees.

He saw your weakness when you did. Chinamen are ruthless.

What does this means for WTC

crypto is huge in russia now. they are a sleeping giant about to awaken.

1) ICOs are not "crypto"
2) China only represents a small fraction of crypto volume

You're fucking retarded, holy shit.

It's kill unless you unironically think it was legit all along.

>Isn't a lot of the value of ETH tied to ICOs tho?
Sure, but not all ICOs were Chinese.

CTO of China's ICO site platform ico.info told me a relaunch is coming in 1-2 months. Don't worry guys, they are prepared for this and will bounce back.

Extremely few are Chinese.

The last few days, Veeky Forums has been hyping the absolute fuck out of a couple Chinese ICOs. Everyone who bought into them are freaking out now.

If we want to capitalize on this where should we be putting our money when coins hit the bottom?

I tried to warn them that anything on Binance and not on a Chinese exchange trading in CNY pairs was not worth touching until this regulation thing was sorted out.

That was my euphemistic point.

Everything is being shook right now because of panic.
Chinese ICOs will crash and burn (for now), but everything else will recover and boost.
Especially BTC and stuff like XMR.

How long does that apply? Would NEO have to return funds too and other coins that had ICOs like half a year ago?

woosh

NEO SUB $20.

Bloody fucking hell. Sold my OMG, sold my PAY, get me right the fuck away from anything that any Chinaman grew a boner over.

ETH is crashing hard too. Under $300 now. Holy fucking shit.

Neither of those are from China.

So where's the bottom? When do we buy more?

But heavily invested by Chinese ppl. u are srly dumb

Whenever they go to sleep.

ETH makes sense, it's what a bunch of Chinese ICOs were based on.

Fixtures like BTC and XMR are recovering soon.

Close enough to China.
Chinese businessmen own large portions of business in surrounding countries.

Why did China do this?

It's 4:28pm in Beijing. Maybe 6 hours from now you can get some stuff on sale.

how the fuck should I know? I'm not PBOC.

>They aren't Chinese ICOs. Are you literally a retard or just playing one?
90 mins ago

Don't laugh --- somehow I think this will be really good for Bancor. THey're the least likely to be affected by regulations.

Nice consecutive digits. I was going off of timeanddate.com/worldclock/ -- is it wrong?

It's still barely hanging above $300 in most exchanges but I can see it dropping to $250 by tomorrow. Definite bear market right now.

No. I'm on beijing time here. It was announced 90 mins ago.

rubs hands jewishly

>switched everything to BTC
>BTC already recovering
tip top kek

Here is me expecting the market to recover like usual after the weekend dip, then this shit happens. FML

>weekend dip
Fell for the meme again.

There will be buying opportunities very soon.

Today we are all jews.

Except for the people that went over to chinese shitcoins. Should've trusted the jews instead.

OMG is post ICO. Do you even know what it stands for?