Outside cryptocurrencies, I have seen so many business firms that invites a lot of investors to invest or buy stocks in these social media sites. After few weeks, *poof* gone. People in these social media, either don't care about what is being advertised to those or they don't trust it. Facebook isn't really the place you want to be when it comes to a strategic marketing especially in ICOs because that isn't really its main purpose or even the side purpose. It is technically used for just socializing. I don't even have an Instagram and still I don't think it would be a great place to advertise such ICOs. Mark Zuckerberg doesn't really appreciate such spams and scams that's why he banned all those cryptocurrency advertisements. It is just okay that it is banned in those social media site because it might even ruin the image of cryptocurrency in front of people because new investors might invest in a scam ICOs and spread their words at their experience that this ICO is a scam. People from social media sites will now start more FUDs and more generalize crappy statements regarding cryptos and we all know that is much worse of a situation.
Facebook and Instagram bans Cryptocurrencies ads. I think they are nothing to cryptocurrencies. Facebook users are not great market. It is only few percent of ICO market. I think cryptocurrencies will not die because of them.
It could have been a great place to market before because it can be new from the eyes and interests of the investors, but it just ended up into many scams or fraud, that's why there are few percentage of ICO market there previously.