The price of altcoin and bitcoin drop. Should we be panic? What do you think of the situation. Will ICOs stop because of the ban by China, Russia and Korea? Will others follow those countries? What is the future of ICO?
Really, is it true that russia and korea have banned ICO?
True that China and Also Russia and Korea too have banned ICO But they are still thinking about legalizing it. and so there is a hope that they will change their decision and recognize bitcoin like other countries like America, japan or Canada. don't panic...
Any proofs that Russia and Korea banned ICOs?
What I know about Russia, is that Russia's Central Bank Issues Warning on Cryptocurrencies and ICOs. But they didn't banned anything.
People are all in fear of fake news. 1 min google search and you can find real news verified from multiple sources about russia making rules to conduct an ICO. So they are far from banning ICO's.
http://www.straitstimes.com/business/companies-markets/russia-makes-u-turn-on-cryptocurrencies-while-china-bitcoin-exchangesJust use google you will find much more sites that will verify this. Do not panic use your brain and go investigate. The whole market is now acting based on fear instead of making rationale judgements. It's a shame but also a good moment to profit from them.