Re: Effects of ICO ban in China

Their ban was powerful, made bitcoin dumped to 3000 usd, but now it is 3700 usd again. They can't prevent the future.

Of course the Bitcoin market will not be collapsed by Chinese people and I'm sure if China disappeared then the cryptoucurrency market will probably be more stable and will have a good future development path.

They don't have all of bitcoins, that's why their ban just temporarily affecting the market, they're now barely have capital more than 20% of total supply, all the money went to many countries with loose rules.
this ban also bring negative and positive affect to china themselves.
by this i'd say, bitcoin is a top notch future currency.

It's more of a group decision that they have in the higher courts. China can't remove the ico's from the people because there's ways around it their laws.

Read this and ask yourself whether or not this piece of shit country wouldn't go to extreme lenghts to enfore its bans
http://nypost.com/2016/01/03/how-chinas-pregnancy-police-brutally-enforced-the-one-child-policy/

Now i'm not saying this ban is problematic in the long run, because cryptos cannot be stopped, but saying that people will find ways around laws is a little shortsighted when talking about a country that bans and fights everything it doesn't like, controls or understands

shortsighted? people can already easily get around the great firewall of china with a vpn no problem, yet you act as if people will have more problems using bitcoin, ok yeah sure

You clearly are a rational guy, but you forget the vast majority of investors are emotional traders. If more people would look at this situation the way you do, there would be no panic sell offs. But that's not the case. I know for a fact a ton of Chinese investors invest in ICO's because someone else told them to. They don't understand the product, they have zero idea what they're investing in. In other words, they just do what they're told, no questions asked. If China issues a warning saying all Chinese people investing in ICO's/cryptos will be prosecuted, those people won't think twice about taking out their money, no matter how easy it would be for people like you and me to find a way around it.

how will you say its Chinese investor having no idea what they are doing? i think most people across the world did this, as the people who know little about cryptos tnter the market just because of the profits, the government must take action, otherwise it will be a diaster

True, but in China the problem was a bit worse, every day multiple ICO scams appeared with no working product, just a nice whitepaper.