Quote from: Hyperme.sh on September 05, 2017, 03:54:26 AM

Quote from: Traxo on September 03, 2017, 07:56:15 AM

Is he correct in his analysis?

Well he predicted this 2 days before it happened.

And specifically warned at the top of his blog that NEO was vulnerable.

Quote from: rafzalan on September 05, 2017, 03:08:06 AM

Winner will be the country that makes icos legal and regulated.

All countries are being forced to enforce securities regulation same as was the case for FATCA. All this information is covered in detail at the following blog:

Are Most Cryptocurrencies Doomed to Collapse because theyre ICO-issued?

Quote from: seasonw on September 05, 2017, 01:27:48 AM

I think banning of ICO means ban to start an ICO, not ban to invest in ICO.

Incorrect. Read the linked blog to learn about investment securities and more details. Follows is a summary.

There will be a banning of trading on the exchanges for the tokens which were issued by ICO (or any obfuscation of an ICO which is equivalent).

Tokens will be frozen on exchanges. Money will be recovered from issuers and some will be jailed. Some who promoted and/or traded large quantities of ICO-issued tokens will be fined and possibly jailed.

Use of ICO-issued tokens will be illegal because it is illegal to trade investment securities on an unregulated exchange.

So that means avoid IOTA, NEO, Qtum, EOS, ETH, Stratis, Decreed, NEM, List, Waves, Tezos, PIVX, etc.

Legal tokens include Bitcoin, Bitcoin Cash, Litecoin, and Monero.

Quote from: puremage111 on September 05, 2017, 03:15:35 AM

Guess Quality coins should rebounce within 2 weeks

Only tokens which were issued with proof-of-work are going to remain legal for use. So Ethereum would be another one to avoid.

And as the blog explains, coins which were issued with instamines and stealth mines are also investment securities and thus will be illegal to trade and spend. Therefor, Dash, Steem and Bytecoin should be avoided.

Continuing to use ICO-issued coins could create a situation where you as a user pay huge fines and potentially jail time.

(Note the market can remain irrational, so that is not a prediction about which will experience dead-cat bounce rebounds).

Quote from: rafzalan on September 05, 2017, 03:08:06 AM

I think Singapore could be the one.

Incorrect. Singapore is planning to crackdown also.

Quote from: pinoycash on September 05, 2017, 05:15:53 AM

this event is a small bump on the road, Chinese investors will always finds a way to invest in ICO's, but for ICO operator they need to migrate to other country to continue with their operations.

Chinese dont speculate on illegitimate things. They speculated on ICOs because they could pitch a greater fool message that these were something that would be the future. How can they have that sales pitch when most of the major nations will eventually be making ICOs illegal?

China, Russia, Singapore, and South Korea have already made announcements. The SEC also warned and will likely make enforcement announcement soon, which will cause another massive crash to lower levels.

Speculators still havent digested that this affects all the ICO-issued tokens, not just the China affiliated ones.

More and more crashing to come for ICO-issued tokens. (May get a dead-cat bounce which would be a good time to sell)

The other nations security regulators are not going to stand by and do nothing and let their citizens be subjected to scams, while the Asian countries protect their citizens. That would be very embarrassing to Western nations and abrogation of their responsibility and duty. There is already a contagion of a critical mass of nations now. This is unstoppable and ICOs are dead.

Quote from: Indrawan77 on September 05, 2017, 12:25:13 AM

can be banning existing ICO

Existing ICO-issued tokens will become illegal, because investment securities are illegal to exchange if not on a registered exchange. And illegally issued investment securities are never legal to trade.

Thus ICO-issued tokens can not be spent decentralized. They are useless because cant function as a cryptocurrency. At least not legally.

Click here for a longer explanation of why proof-of-work mined tokens are not investment securities and thus not afflicted by recent events.

One thing that has not been mentioned is that regulators like the sec can grandfather existing instruments when a new regulation comes out.

This situation reminds me a lot of crowdfunding. People did crowdfunding even though it was not permitted by securities law. In the us, the sec got involved and issued regulation. The existing crowdfunding arrangements were grandfathered, afaik. Even thoug they were securities.