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What do you think will happen to crypto currencies following the latest news on the #ban on ICO in China?

will the already successful ICO's refund people's monies to them?

Is it good for governments to ban the use of crypto currencies?

Tell me what you think about any of these.

We have already seeing the side effect of the ICO and local bicoin exchange ban by the China government. Bitcoin market value really went down from $4700 or there about to $3,150. But currently the panic sell is over and the price has move to $3,825. 32 as at time of this post, which shows that in no time, bitcoin value will return to $4,600.

Yes bitcoin now is recovering and I can attest to it. Those price dump is temporary and something like a correction. Thou we admit that bitcoin ba on ICO and closing some exchanges really affects bitcoin price value but that is only temporary.

Indeed, the chinese government want to get as much out of it as possible, and without regulations that's virtually impossible. They won't abandon a cashcow like cryptocurrency, but they will ban it for now ot A. Install regulations, and B. lower the price so they can buy in cheaper

They cant easily quit on cryptocurrency because they see that they can able to make money with it and now they do really have the plans on regulating exchanges.It is really a good news for us bitcoin holders since they are not totally banning those exchanges but only on regulating them.Well expected prices would recover soon.Abandoning cryptocurrency would really be an impossible thing for them.

True, but don't forget they actually are closing down their exchanges, with one closing sept. 30th and two more are planned by the end of october. It's possible the slight recovery we're seeing is just a temporary bounce that occurs after every single dip/crash

Yeah, I didn't really forget that thing on which they do decide to close more exchanges on this last week of this month which would really make an another dip on price for sure but after that event we would eventually see recovery again just like on whats happening as of now which for short traders I would say $4200-4100 would be a sweet spot on selling their bitcoin to ensure profits and buyback again later on the end of this month.

I could see that happening, yes