Effect on Cryptocurrency after China banned ICOs.

in #cryptocurrency • 7 years ago

Bitcoin price drops $200

Bitcoin's price fell after China announced a ban on initial coin offerings (ICOs) from $4,584 to around $4,350 per bitcoin.

1.ICOs are out of control

2.Many ICOs are scams

3.The mania poses a danger to retail investors.

4.China is a hotbed for the action (scams and all)

5.China wants its own coin

6.ICOs threaten incumbents

7.China wants a cool-off period


EFFECTS ON Cryptocurrency

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#china #world #effect #icos
7 years ago in #cryptocurrency by
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     7 years ago 

    nice post so far you keep it up the good work hey i have really beautiful blog check out my blog i hope u like it

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     7 years ago 

    Very nice summary. I hope newbies know the price drop means Buy. Cryptocurrency is here to change the way financial transactions are done and we haven't seen the best yet.

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