>>3340636

It all comes tumbling down tumbling down tumbling dooooown
youtube.com/watch?v=oIscL-Bjsq4

I can't keep wageslaving. I can't do it.

This is what happens when you try to sell shit to the general public, who themselves, want to unload onto the greater fool.

It's not healthy for any new industry to encourage shit like this.

it was nice knowing u all, had real fun shitposting here but it all ends now. See you on the other side.

I wish u never became a coiner

can someone explain in idiot terms what exactly happened? I understand it's more regulation but all those financial terms are confusing

charts will free falling without any survivors

china banned cypto

game is over. should have sold at ATH. get out while you can

chinks can't shill their shitcoins anymore

the only reason for bitcoins astronomical rise in value is because of all the shitcoins

chinks will want nothing to do with crypto anymore, no one fell for israel's ICO attempt, and goldman is buying up all the bitcoin supply for the US government to regulate

it's over

...

china only had like 5-6 whales randomly pump and dump ICOs.
there is no middle class in china that could invest and/or profit of crypto.

koreans are already buying what the chinese sell.

the market is already recovering and will come out more stable.

Dodgy projects are generating ridiculous amounts of cash through offering coins to the general market (these coins are being sold for the first time, where the term Initial Coin Offering comes from).

What's trying to be prevented is the same bullshit that happened during the Tech Bubble, where "companies", with barely any business model, were given insane valuations.

Those who have access to a coin first get to sell at very high prices. The price coin eventually drops as everyone tries to offload. It's an extremely cuntish thing to be involved in.

Humans need to be shepherded like with regulations because they're too unethical with their greed, and this can really set back crypto's progression if all it becomes is a method of transferring wealth from the stupid to the fast.

i want an apple pie too Mc user

Shut the fuck up, nigger

>I didn't sell on Friday when I was up 40%

This is no free market, trust me. Particularly when wealthy insiders get access to a coin first, so that they can sell at unreasonable prices. Prices which a rational market would not agree with.

Thanks. So no legal effect whatsoever on coins that are already established for a few years? (unless there's a corporation behind them and it decides to do fundraising or someth)

Not sure about that, from article:
>China will strictly punish over sustained offerings and law violations in completed ones

Would have to look into it yourself.

This is why you invest in gold instead you stupid faggots

>they never learn
Greed and speed kill

>buy gold
>4x in a few decades
>buy bitcoin
>2x in a month

i guess peter schiff wins

Wow, sounds like capitalism at work, retard.

Fucking communist. Of course the free market exists. If people are so stupid that they buy coins that end up being worthless then that's just too bad for them, that's how the world works.

The entire reason crypto exists is to get the fuck away from government regulation.

404 NOT FOUND

The problem that can stem from with that is increasing distrust in crypto, from the general public. You may not care about that, because you don't understand that in order for crypto to grow to truly insane amounts, in the long run, you're going to need mom/pop getting involved.

This nonsense with ICOs is not going to do crypto any good, in terms of perception. I'd have no problem if this sort of shit happened 50 years down the line. But not now, not when it's still young.

t. missed out on icos and gains

Yeah, that must be it.

on the strength of government intervention after everything

>mfw I want this bear market to last as long as possible so I can keep making gains daytrading and professional traders stay away from crypto

See you space cowboy

This.