Ethereum, Bitcoin Crash After China Declares Initial Coin Offerings

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Anonymous
Ethereum, Bitcoin Crash After China Declares Initial Coin Offerings Illegal 2017-09-04 08:54:36 Post No. 3345024
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Ethereum, Bitcoin Crash After China Declares Initial Coin Offerings Illegal Anonymous 2017-09-04 08:54:36 Post No. 3345024 [Report]

>Ethereum and bitcoin [crashed] this morning, after China confirmed its recent threat of an ICO crackdown when the central bank said on Monday that initial coin offerings are illegal and disrupt financial markets, according to statement on China’s central bank website. The PBOC also asked all related fundraising activity to be halted immediately, issuing the strongest regulatory challenge so far to the controversial if surging market for digital token sales.
>The crackdown was announced in a statement on the PBOC's website in which the central bank said that it had completed investigations into ICOs, and will strictly punish offerings in the future while penalizing legal violations in ones already completed. The regulator said that organizations or individuals that completed initial coin offerings should return the money raised, in move "to protect investors’ rights and properly handle risks," though it didn’t specify how the money would be paid back to investors.
>Taking the recent SEC crackdown on Initial Coin Offerings several steps further, the PBOC also said digital token financing and trading platforms are prohibited from doing conversions of coins with fiat currencies. Digital tokens can’t be used as currency on the market and banks are forbidden from offering services to initial coin offerings, and are also also banned from offering pricing and information services on coins. Most importantly was the PBOC's determination that "digital token can’t be used as currency on the market" and its warning that "China will strictly punish over sustained offerings and law violations in completed ones."

https://www.newsmediawatchdog.com/single-post/2017/09/04/Ethereum-Bitcoin-Crash-After-China-Declares-Initial-Coin-Offerings-Illegal

http://www.zerohedge.com/news/2017-09-04/ethereum-bitcoin-crash-after-china-declares-initial-coin-offerings-illegal

https://www.cryptocoinsnews.com/massacre-monday-ethereum-bitcoin-prices-lead-market-retreat-after-china-bans-icos

Anonymous 2017-09-04 08:55:21 Post No.3345032
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Anonymous 2017-09-04 08:55:21 Post No.3345032 [Report]

Why do the chinks have to fuck everything up

Anonymous 2017-09-04 09:00:01 Post No.3345087
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Anonymous 2017-09-04 09:00:01 Post No.3345087 [Report]

Gooks can't do anything right

Anonymous 2017-09-04 09:02:37 Post No.3345117
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Anonymous 2017-09-04 09:02:37 Post No.3345117 [Report]

This is just FUD from people who have shorted Bitcoin. Dont fall for it. There is only a TEMPORARY halt on ICO's from China.

Anonymous 2017-09-04 09:03:43 Post No.3345127
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Anonymous 2017-09-04 09:03:43 Post No.3345127 [Report]

>>3345024
LETS GET SOME WOJACKS IN DIS BIH

Anonymous 2017-09-04 09:04:50 Post No.3345142
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Anonymous 2017-09-04 09:04:50 Post No.3345142 [Report]

>>3345117
>Temporary
Source?
Yeah, didn't think so..

Anonymous 2017-09-04 09:05:37 Post No.3345149
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Anonymous 2017-09-04 09:05:37 Post No.3345149 [Report]

>>3345142
It is temporary but it could take years.

Anonymous 2017-09-04 09:06:54 Post No.3345167
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Anonymous 2017-09-04 09:06:54 Post No.3345167 [Report]

>>3345117

Bitcoin will go down to $1K USD, maybe even sub.

This isn't attractive for investors at all.
Things go up, things go down.
Not saying here at all that bitcoin shouldn't be invested in but we might be going into a bear market here real fucking soon. This shit took off in March and crashed September. That's exactly what happened in the past. 'Tis the season.

Anonymous 2017-09-04 09:15:49 Post No.3345292
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Anonymous 2017-09-04 09:15:49 Post No.3345292 [Report]

>>3345167
plz crash plz crash

Anonymous 2017-09-04 10:23:55 Post No.3346090
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Anonymous 2017-09-04 10:23:55 Post No.3346090 [Report]

>>3345292
Its gonna take a huge dip right now. get ready

Anonymous 2017-09-04 11:45:09 Post No.3346951
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Anonymous 2017-09-04 11:45:09 Post No.3346951 [Report]

>>3345117
> Temporary as in permanent

Anonymous 2017-09-05 12:06:43 Post No.3347177
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Anonymous 2017-09-05 12:06:43 Post No.3347177 [Report]

>>3345024
so don't buy golem?

Anonymous 2017-09-05 12:07:44 Post No.3347189
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Anonymous 2017-09-05 12:07:44 Post No.3347189 [Report]

>>3345024
NEVER TRUST THE CHINESE

WHY DIDNT I LISTEN TO MY OWN ADVICE
THE DOLLAR SIGNS IN MY EYES WERE TOO GREAT

Anonymous 2017-09-05 12:09:19 Post No.3347204
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Anonymous 2017-09-05 12:09:19 Post No.3347204 [Report]

When you get meme ICOs like this

https://davidgerard.co.uk/blockchain/2017/09/04/ico-of-the-day-synthetic-rhino-horn-erection-pills-on-the-blockchain/

you understand why they do it. That being said, I think >>3345167 is close to the money. Doubt a $1k ballpark though

Could we list the factors that might pump or drop the price of BTC?
>exchange traded fund: moon mission