China bans ICO

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2. Any organization or individual may not engage in unauthorized issuance of financing activities. As of the date of this announcement, all kinds of tokens issuance financing activities shall cease immediately. The organizations and individuals who have completed the financing of the tokens should make arrangements for the repatriation and so on, and reasonably protect the investment interests and properly handle the risks. The relevant departments will seriously investigate and deal with non-stop tokens issued financing activities and the completion of the tokens issued financing projects in the illegal acts. ID: dmeoam) 09/04/17 (Mo

I can hear NEO bagholders souls skreetching

This affects chinese people, the world is large.

All altcoins tanking like shit. Jesus

>>3334970
quick how do I short NEO!? can I do this on Bittrex?

Isn't this ultimately a good thing? Scammy ICOs were harming crypto.

>>3335016
Who cares if the whole market is crashing about long term ROFL - get out or stay poor forever

>>3335001
You can't margin trade NEO.

>>3335016
well, as long as you aren't holding eth or neo or and erc20 token

>>3334970
Every day, I'm making fun of the obnoxious lazytown bitchposter for being such a gigantic loser.
Meanwhile, I'm riding on the ARK and RISE waves. The future is in DPoS.
What a wonderful time for crypto.

Actually fuck this, im out until shit starts recovering.

>>3335057
....you know both of those are ICOs right?

>>3335016
It is. Be greedy when others are fearful and shit. I hold and buy more when dip stabilize.

How is OMG affected?

>>3334926
Neo is going to 0.005 it seems.

>>3335084
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

>>3334926
Guys, never go to sleep without setting a stop loss.

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

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OH FUCK this is the end anons

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

>>3335057
>The future is in DPoS.
explain

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

>>3335095
Relax, nobody cares.

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

>>3335118
It's just mass fear... THey should calm down in one ot two days.

>>3335095
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

>>3335136
>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 /biz/? I'm getting a little nervous about my long positions.

>>3335135
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.
https://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.

>>3335147
Nothing changes. They had alreayd announced that Chinese citizens wouldn't be allowed to participate.

It's a blow to NEO.

>>3334986
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

>>3334926
>inb4 all non-Chinese coins crash too
God people are retarded.

>>3335207
You think chinese ppl are not involved in non chinese coins? they are done with crypto

>>3334926
HOLY FUCK EVERYTHING IS COLLAPSING! SELL SELL SELL
SAVE YOURSELVES YOU FUCKERS BEFORE YOU HAVE NOTHING LEFT

>>3335207
They are shorting everything. They obviously intend to rebuy it for cheaper.

remember guys, regulation HELPS neo

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>>3335212
China has a ton of bitcoin mining operations. Those aren't getting banned.

>>3335232
>regulation HELPS neo
This is not about regulating ICOs, this is about BANNING them.

>>3335164
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.

>>3335212
>they are done with crypto
Lmao.
I take it you weren't around during the barrage of PBoC scares in early 2017?

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Only applies to NEW ICOs

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>>3334926
>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.

>>3335247
I was around when MT Gox was a thing. And this will be nothing compared to that

>>3335251
nope

>>3335232
idiot.

>>3335251
ALL ico's. They want completed ICO's to refund their investors too.

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NEOOOOOOOOOOOOOOOOOOOOOOOOO

>>3335287
Good. Dongfei can give me my money back.

>>3335268
>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?

>>3335302
Only 140 BTC of buy orders in the books.
It's crashing back to $3.

>>3335268
and this is making you sell out of all your stuff? >>3335199

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.

>>3335315
Yes. Crypto is China. When China is done wit crypto. Crypto is done? ok?

>>3335104
thanks for the reminder.

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

>>3335193
aaaaand there goes Kraken. Great.

>>3335247
Isn't a lot of the value of ETH tied to ICOs tho?

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>>3335316
Remember kids - banning ICOs is good for platforms that rely on ICOs for fees.

>>3335335
He saw your weakness when you did. Chinamen are ruthless.

What does this means for WTC

>>3335329
crypto is huge in russia now. they are a sleeping giant about to awaken.

>>3335329
1) ICOs are not "crypto"
2) China only represents a small fraction of crypto volume

You're fucking retarded, holy shit.

>>3335361
It's kill unless you unironically think it was legit all along.

>>3335340
>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.

>>3335387
Extremely few are Chinese.

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>>3335394
The last few days, /biz/ 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?

>>3335411
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.

>>3335394
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.

>>3335287
How long does that apply? Would NEO have to return funds too and other coins that had ICOs like half a year ago?

>>3335278
>>3335243
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.

>>3335522
Neither of those are from China.

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

>>3335540
But heavily invested by Chinese ppl. u are srly dumb

>>3335546
Whenever they go to sleep.

>>3335536
ETH makes sense, it's what a bunch of Chinese ICOs were based on.

Fixtures like BTC and XMR are recovering soon.

>>3335540
Close enough to China.
Chinese businessmen own large portions of business in surrounding countries.

Why did China do this?


>>3335568
It's 4:28pm in Beijing. Maybe 6 hours from now you can get some stuff on sale.

>>3335450
how the fuck should I know? I'm not PBOC.

>>3335574
>They aren't Chinese ICOs. Are you literally a retard or just playing one?
>>3335587
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.

>>3335599
Nice consecutive digits. I was going off of https://www.timeanddate.com/worldclock/ -- is it wrong?

>>3335536
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.

>>3335618
No. I'm on beijing time here. It was announced 90 mins ago.

>>3335616
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

>>3335649
>weekend dip
Fell for the meme again.

>>3335649
There will be buying opportunities very soon.

>>3335631
Today we are all jews.

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

>>3335095

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

>>3335649
>he doesn't know about bloody monday

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F

>>3335677
>TRON
>BitDice
Those are example of ICO as they havent finished presale?
>WTC
>NEO
Are examples of coin/token as it already on the market?

>>3335677

China considers all coins that used an ICO to be ICO coins. Chinese-based cryptos that used an ICO are fucked

>>3335677
This is great news for OMG and to a lesser extent, Qtum. They'll recover quickly

Not so bullish for Neo or Binance right now though. Glad I dumped that BNB last week.

>>3334926

Makes sense, there was about 15 billion dollars put into the market within this week and most of them coming from new Chinese exchanges.

The sheer amount of scare this is going to cause is enormous.

>people don't realize more than 50% of the pump was literally from China

tl;dr

If you have a coin right now with a marketcap of 500 million, expect it to hit 250 million by tomorrow

>>3335718
Source? Seems a lot of confusion for now. Will Hongfei hand me cash for my NEO?

>>3335718
OMG and Qtum are both squeaky clean. They'll pass any audit with flying colours.

>>3335599
>>They aren't Chinese ICOs. Are you literally a retard or just playing one?
Close enough to China.
Chinese businessmen own large portions of business in surrounding countries.

>>3335677
lmao
do you know how to read articles? COMPLETED Icos are fucked too. Man you're fucking stupid

>>3335749
Indeed, they are being ordered to refund all investors.

>>3335239

>inb4 chinese whales start the long awaited revolution to kill the leftist oneparty system

>>3334926
Fucking chinks. Can someone explain me why is ETH crashing? I mean yea some of their tokens are chinese but not all, are ni hao selling on mass?

>BAT is the only token back at its pre-dip price

i knew you cant trust chinks

Starting to recover

Thank fuck I sold my eth for btc 2 days ago

>>3335779

Maybe a Chinese person bought a bunch of ETH thinking he can get in on the next ICO?

I can think of a million things

>>3335262

I guess they'll refund chinese citizens.

>>3335779
>Can someone explain me why is ETH crashing?

General market dip due to the news. Crypto doesn't move logically. If large portions of the market take a hit everyone reacts negatively regardless of if their stuff is affected or not

>>3335792
Dont trust it, it's going to crash to 300k before the day is out.

>>3335792
dead cat bounce gl

>>3335522

>OMG
>China

>>3335759

I'm a confused on this, are chinese-based ICOs ordered to refund their investors? Or are all ICOs ordered to refund money to chinese investors? Because the latter doesn't make sense

>>3335748
For fucks sake. Those are established coins on established Chinese exchanges that are NOT Chinese in origin. Chinese will be FLOCKING to them now as they are clean ICOs and are sold internationally, unlike the recent chink shitter scamcoins like Walton, BNB, Tron, Red Pulse...

>>3334926
FUCKING COMMIES REEEEEEEEEE

>>3335779
A bunch of Chinese/Asian ICOs were based on ETH.

Shit like BTC and XMR are only dipping because of the FUD.

>>3335845
Off yourself you Monero bagholding subhuman.

>>3335805
Is part of ETH's current valuation not due to the ICO phenomenon?

>>3335836
The former.
There is no way to enforce the latter.

what happens to binance now?

>>3335826
> dead cat bounce gl
Definitely.
Wait for the Chinese to go to sleep in maybe 6 hours before buying. Let them finish their sell off first.

>>3335859
he's right. the more traction this news gains, the worse it is for ETH while the actual cryptocurrencies wont be affected as much

>>3335884
Hopefully it fucks off and doesn't come back.

>>3335840
>are NOT Chinese in origin
I know.
I'm saying it's CLOSE ENOUGH to China to be meaningful.
Chinese businessmen own large portions of business in surrounding countries.

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>>3335826

>>3335869

So why are people flipping out about OmiseGO? It's not chinese-based and wouldn't chinese investors flock to whatever doesn't fall under the new regulations imposed from China?

>>3335859
The fuck's your problem?
It was just an example of a well-established non-Chinese cryptocurrency.

guys is adx chinese

So they're going to have to refund people what they put into ICOs?

Am I reading this right?

>>3335896
Chinese will still be able to purchase qtum and omg on Chink exchanges.
>>3335916
no one is flipping out except for a couple of monero shilling retards.

>>3335916
Uncertainty.
I flipped mine too, just because it was decreasing in value. I will buy back in at the floor.
It's self perpetuating, you will see panic sellers and smart sellers. It all just makes things worse in the short term for the holders, but when the market realises it's all mostly smoke, they will jump back in.

To be honest I feel a bit of relief, there were coming too many coins, couldn't follow up anymore, they were like pokemons each generation.

>>3335935
>refund
Chinks don't refund anyone.

>>3335836
Aaaand now I wait for My Tron eth back...

>>3336029
Are you Chinee? No? Then solly, round eye.
Nex prease.

>>3336004
so unless the coin somehow survives, what do?

>>3335829
Obviously.

When OMG finds its new bottom, I'll jump back in. But I see little sense in hodling through this bloodbath. Investors ain't exactly running to it for safety right now, comrade.

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>>3334926
TFW shorted all my ETH at $340 and put it into USDT yesterday.

>>3336052
If you participated in a Chink ICO, I say wait and see what they say. People are probably going to dump the coin as soon as it hits exchanges because of fear. Then it might recover later.

>>3335677
this. Also OMG isn't even chinese?

>>3335174
its also from singapore you idiot cunt

is good time to buy bitcoin, now? sorry, poor pajeet here

>>3335949
>Chinese will still be able to purchase qtum and omg on Chink exchanges.
And?

>Monero shilling retards
Why am I not a bitcoin-shilling retard as well? I mentioned both in the same sentence.

>>3336099
Yes, in TRON, I literally have no option but to wait and see. Fortunately I only put a little in.

What if China enforces BCH over BTC?

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>>3336170
They're not that suicidal.

>>3334926
>>3336165
LUCKY FUCKER

"Attention: Your Tron coins are safe from the recent announcement by the Bank of China:

Justin Sun (孙宇晨) is a part of the Guangzhou Panyu CPPC and is the Vice President of the Youth Internet Development Association which was founded by the Guangzhou Communist Youth League.

Justin’s Company “Peiwo Huanle", is one of the founding member of the National Internet Finance Association of China (NIFA), the organisation which incidentally helped draft the recent Chinese 2017 ICO regulation.

The Law Firm “Zhong Lun” 中伦文德 that Tron recently retained, is a supporting unit in the drafting of the Chinese 2017 ICO regulation. Founded in 1993, Zhong Lun was among the first law firms approved by China’s Ministry of Justice.
"

TRON IS LITERALLY THE ONLY SAFE CHINESE ICO

FUCKING MOON BOYS

>>3336191
So tron is the new bancor, welp.

>>3336191
are you serious?

>>3336230
what?

Buy now or will this go lower?

>wasn't going to buy in until November
>this shit happening
>North Koreans are going crazy
>China is using it as a shield to make economic moves

Looks like I was right to wait until November. The stock exchange dip due to the bond crash will be another event that's coming...

Jesus, I may get rich off of all of this.

>>3336251
Yes confirmed in the telegram and subreddit. Do you know who posted the report? The very organization Justin Sun's company (PEIWO) is involved in. Why do you think he pushed the ICO forward?

This is the safest Chinese coin around. Get ready for lambos

Well i'm cashing out fuck this. This shit is too volatile.

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>>3336263
The moon mission has been changed to a mission to the center of the earth! Get in now if you want to come along!

>>3336269

Holy shit, can you link me to the reddit page please?

Like I said, I only have around 50K TRX

>>3336299
https://www.reddit.com/r/Tronix/comments/6xz8x7/approved_statement_from_tron_foundation_including/

I think Neo found is tbottom.

>>3336308
>https://www.reddit.com/r/Tronix/comments/6xz8x7/approved_statement_from_tron_foundation_including/


Jesus Christ. Thanks man.

>>3336366
Sleep well

>>3336309
the bottom is 0.00$

>>3336404
Well, it seems a lot of people think buying it for $20 is a good investment since it won't go much lower than that.

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>>3336404
It's going to go negative. China will hunt down the owners to extract more money from them.

>people screaming everywhere
>check blockfolio
>only lost .06 btc out of 2.25 in the last 24 hours while being 100% in alts

lmao

fucking kek

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Fucking chinks man, can't wait for Trump to nuke them. I hope at least 500 million of them die.

Fucking hell. Was watching TV and decided to check my blockfolio before I went to sleep.... and this shit.

Though I gotta say, despite looking bloody as shit, I'm only actually losing money on 3 cryptos: STX, ANT, and CFI.

Never knew this would happen. My friend over at China was attending a Blockchain conference, but it got cancelled. So I went to sleep. When I woke up, everything is red. My NEO position is rekt.

I warned you faggots that NEO was the next DGB.

Hell, DGB has a brighter future ahead of it right now.

Hol up lemme get some pop corn as I watch you faggots squirm.

I expect RPX to refund the pre-sale participants
then it's ogre for chinkthereum

>>3336576
NEO is is chines- I mean the next Ethereum guys! Buy NEO, faggots.

>>3335616
They'll be one of the few to comply.

>>3335065

....you know both of those aren't Chinese, right?

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>>3335522
you are a retard

>>3335060
If you can't handle me at my worst, you don't deserve me at my best

>>3335791
wise words for us all. NEVER trust a chink

>>3336778
that phrase is the calling card of the insane

>>3335370
Crypto is already illegal in Russia. It just is not enforced actively.

I THOUGHT YOU SAID IT WAS PAJEET I HAD TO WORRY ABOUT

NOT THE CHINKS

>>3335071
me too ... its going to recover

>>3337024
kek

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>>3335207
>How to use fake news to crash the billion dollar international cryptocurrency market with less than a /biz/ thread: The Thread

>>3335718
>>3335749
OMG has nothing to do with China you idiots

Is this gonna affect ETH?

>>3336077
>USDT
I have bad news for you anon

Hi. I am Chinese in Australia (They can't ban me if I'm not in the country :))
I want to set up an ICO for my daigou business. Would it have a chance?

>>3337282
I'll ban you from my country you chinkfuck

OMG isn't chinese you idiots
binance is based in Hong Kong

>>3337305
>Hong Kong
Implying Hong Kong isn't Chinese.

this is a huge lesson you all learned.

NEVER trust chinks. dont invest in any shit from them. the government is unpredictable.

I read some of the comments on some articles of this on chinese sites like qq and the majority of comments are saying "lol bitcoin is over" and "haha bitcoin is illegal", etc. why? I thought this only affected ICOs? Are there parts of this we are missing?

>>3338002
Just retards being retards.
They said the same things when bitcoin itself was being targeted by Chinese government crackdowns, and after some dips the price has only skyrocketed since.

This time it has nothing to do with bitcoin itself, but retards will be retards.

How will this affect Walton (WTC)?

>>3338023
People are also not realising that the token part of NEO is just one of its many features.

Regardless if ICO's never happen on the platform, there are plenty of real world uses.

>>3337282
>I am Chinese in Australia
fuck off home cunt

>>3335710
Lol how low can it go?

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>>3338168
>>3338182
regardless of china, this is what a bubble popping looks like

Omisego is $7.50 hahahahahahah

WORLDWIDE RECESSION STARTS TODAY

CRYPTO IS OVER
IT'S DONE

>>3338197
>Better advertising signals a bubble is about to pop
Nigger logic

All they need to do, is to move to Europe.

>all the retards wining non chinese coins are crashing too
You guys are fucking retarded, right?
China is the biggest country for crypto there is, of course their government laying its fingers on crypto is going to hurt crypto as a whole, most of all, all the coins related to ICOs such as ETH.

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>>3338676
>China is the biggest country for crypto there is
>inhales squeakingly through nose
*WRONG*

You probably still believe China has 95% of crypto volume, but this has been proven false since early 2017, pic related.
That was pretty much all fake volume.

This is all starting to feel like some sort of cyberpunk world and I love it.

>>3338789
>all the chinese coins are traded through the exchange
Still, government regulations for the Chinese will hurt the market as a whole.

>>3338811
>>all the chinese coins are traded through the exchange
Well same applies to other countries then.

>>3334970
Good. Hopefully the SEC will follow suit and do the same. Then we can get back to normal around here. Icos have turned this board into nothing more than a shill platform for rich fags.

>>3338789
and you think the US won't follow the Chinese? the SEC has been making tighter restrictions all year. it's only a matter of time until they ban ICOs outright just like China.

>>3338168

HOLY FUCK KILL ME NOW!!!!!!!!!!

WHAT THE FUCK?!?!!?!?!?!?!?!?!??!

>>3338197
>>3338168
>>3339207
Anomalies.

Ask your normie friends/relatives what "ethereum" is, and they won't know even if you tell them it's related to bitcoin.

Normies aren't aware yet, but they are about to be.
The gains window is slowly closing, mainstream is around the corner.

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What happened to the link?

r9k here

so how do i buy this stuff

https://www.youtube.com/watch?v=upkYQqbrjSc

Press F for coinfags.

>>3339289
Maybe the first that the unwashed masses hear of "ethereum" and other alts will be when they hear how 1000's of neets killed themselves when the bubble they had put all their hopes on burst, and how countless others took a massive financial hit. See you on the news, /biz/?

>>3339414
You mean like how a lot of normies first heard of bitcoin when it crashed spectacularly in 2013, and now the price is 4x as high?