Quote from: 1Referee on September 12, 2017, 11:57:06 AM

Quote from: HTracer on September 12, 2017, 10:28:16 AM

I am still not quite sure that speculation about PBoC argueable ICO regulation was the only trigger of cryptomarket rolling down. Prices dropped at openning American trading session time, not Asian.

I am quite sure that the drop we have experienced recently, is only the result of the long waited for correction. It's a pretty mild correction considering that we are still hovering over the $4000 level. If we look at the crypto market in general, and then directly at what coin should really get affected by this ICO ban, then it's Ethereum. This coin thrives on this ICO boom as insane number of coins get pumped into ICO's, making sure that these coins aren't coming back into the circulating market for quite a while - result in Ethereum's case is clear if we look at how it has exploded in value this year. Bitcoin shouldn't at all get affected by this, so I don't believe this ICO ban has had any effect on Bitcoin's market recently.

That's why I like being here. Ethereum would be the most and overt dumped if it comes to ICO prohibition. What we have now it's 20% correction after August 50% run and that Chinese FUD is only excuse.

HTracer

Posts

Merits