Quote from: novaprime on October 02, 2017, 01:33:44 PM

Quote from: Xenoph0bia on September 25, 2017, 01:12:38 PM

Quote from: nick_nick on September 04, 2017, 11:27:44 PM

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.

I think the ICO ban in china has caused a fall in Bitcoin price and it is taking Bitcoin time to recover it's lost value. Before the ban, the value of Bitcoin was around 4400$ which has reduced to around 3700$ after the ban.
I think the ban will prevent the ico scams which are common but some genuine developers will not be able to develope their projects as they won't be able to raise money through ICOs

This is only a temporary act of the Chinese government, if they have better plans to build an ICO community then there will definitely be a lot of good projects and fewer fraudulent projects. I think if that happens Bitcoin prices could increase by more than $ 10,000

Before the price of Bitcoin increases more than $10,000 it still needs to has a reason. Therefore, the decicion of the Chinese government still enough to affect the price of Bitcoin, but it not much as the past.