Why the Chinese ICO ban might actually be a good thing.

So by now we're all well aware about the decision made for China to ban Chinese residents from participating in upcoming Initial Coin Offerings (ICO). This might seem like a bad thing to the general cryptocurrency investor, especially after seeing the effect it took on the market the last few days, thankfully as I predicted in a previous post things have bounced back to roughly the same value as before, which is great!

Now, whilst it is big news and it does effect the market, especially NEO at the moment (I'm heavy on NEO and currently in a loss, but I'm not selling as it WILL recover in time, it's currently at a great entry point) there's an advantage to this, it means you can secure a cheaper price for NEO, but more importantly this decision means that China who are the biggest investors in cryptocurrency are unable to buy into ICO's, meaning they shouldn't sell out as fast as they have previously and that once they hit exchanges the value of the coin should increase dramatically from the ICO value. This would be due to all the people who really liked a project but was unable to buy at the cheaper value would be wanting to get their share as soon as it hits an exchange which puts a lot of us in a really good position.

However, with the decentralization of cryptocurrency, it's easy to hide in the shadows and make moves in the market and Initial Coin Offerings, look at what's happened in America with the regulations, people are resorting to using a VPN (Virtual private network) to mask their IP address enabling them to partake. The thing here though is, most people wouldn't bother and the average investor might might not have enough knowledge on how to go about it.

So to round off, I personally feel it's a good thing unless you live in China, Singapore or the USA with their regulations, it offers us a potential opportunity to get stocked up well before it hits market where the value is sure to increase.

Note:- this is just personal opinion and not to be taken as gospel. Do your own research, trade at your own risk and don't invest money you can't afford to lose.

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