The List of ICO's Under Investigation in China is Out!
I Was Seriously Underwhelmed By the List.
On the entire list the only ICO I knew anything about was Binance. Now, I am really thinking that the FUD caused by the China news was way overblown.
See the List Here - Chinese Government Reveals List of 60 ICOs Under Investigation
A list purportedly naming 60 different companies slated for investigation and monitoring surfaces on the internet after China’s ICO crackdown.
Like usual government interference in the crypto currency markets is given way more weight than they should be given. It is like giving a neighbor power over the decisions in your house.
When the Gov Fud Comes the Best We Can Do is Position Ourselves for Profit.
Update from the Binance team.
Hi Everyone,
Regarding the recent announcement from China's PBoC banning all ICOs, we are working around the clock on a solution that will fully satisfy the new regulations in China, while preserving and enhancing features that are valuable to our western community, which accounts for more than 81% of our user base. We will share more details as they become available. Please be patient as we work through this process.
Thank you for your support!
Yup... "But it still work."
"Ok I try. Herro internet? We ban ICOs now!"
I started laughing out loud at this cartoon. Like @hilarski said - so messed up, but so true. Hopefully, the next time something like that happens I'll be in a better position to buy more, because wow.
So messed up, but oh so true.
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Tweeted
https://twitter.com/RandyHilarski/status/905271831480995840
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Look, a sea of green! Great post thanks!
Pump and dump requires a price drop for the buy back.
Owning the media is handy for that...
Excellent point. I agree 100 percent.
this was just a joke. fud there, people had panic and we had profit. simple.
Hope it will happens again.
WOW, I am in agreement with you. The only one I am aware of is Binance as well.
puts on tin foil hat
Could it be, that the State entities around the world, institutions, and the organizations that support them inject FUD into the space so they can scoop up some more cheap coin? Wash the weak hands out at a loss? Ohhh, it is possible and probable imo.
As much as I love the free market, this is Capitalism 101. Once you know how to spot it, it loses its power. I hope many of your readers weren't duped into selling at a loss, especially after the rebound we had today in the market.
Retweeted. Get the word out.
Of course they do, if not they will be made to look foolish.
ICOs are the real crypto bubble. They're bound to implode sooner or later, probably taking Ethereum down with them. This is the part of the sector that looks like the dotcom boom and bust of the 90s.
looks like banning facebook is not enough. consumer should be free to make choices. hmm and I am afraid that they will ban steemit if we talk to much about them lol
Here's Binance's newest response:
China PBoC Update
Avatar
Binance
Hi Everyone,
Regarding the recent announcement from China's PBoC banning all ICOs, we are working around the clock on a solution that will fully satisfy the new regulations in China, while preserving and enhancing features that are valuable to our western community, which accounts for more than 81% of our user base. We will share more details as they become available. Please be patient as we work through this process.
Thank you for your support!
great contest! China news was way overblown.