Follow the market rule: Buy everything that China Bans!
World today 2017, we see too much of everything, we see companies launching the same product for low-mid-high quality levels intended to hit a different demographic. We see Amazon's AWS taking the lead and less than 5 minutes later Google's Cloud computing makes a new statement dragging users around and about.
Then we(us, outside of the Great Wall) stumble on one of the biggest markets in the world... China, they do everything (not everything is manufactured there, but mostly everything) the factory workers build artifacts that are banned and forbidden for the general population, Hong Kong's investors are major stake holders on companies their government is openly against (I.E. VPNs) and then we have a population as big as 1.379 Billion human beings (2016) But What is China's latest news? (Among several) China Bans ICOs, criticizing ICOs for “disrupting” the country’s financial stability and order. The regulator described initial coin offerings as “a form of unapproved illegal public financing” that “raises suspicions” of fraud and criminal activity.
This is soon after the immense growth of China's own NEO altcoin (Formerly Antshares) in the international market as well as the myth (rumor) about China's Bitcoin mining activities (That it produces or owns 51% of bitcoins, shaping the network as they see fit-NOTE: not proven) it is by far too convenient to stall the emergence and financing of new Altcoins. It is without a doubt a financial/political move that instantly affected the entire market (both Bitcoins and Altcoins took hits) but, on this downpour of bad news for small Altcoins looking to rise, I say (in my humble opinion) Go For It! Buy and invest on different ICOs as now you can truly have a golden opportunity (exercise caution as there are many bump-and-dump coins). Take the same approach as most markets, regions and politicians take...
... Everything that China Bans must be awesome, so BUY IT!
Disclaimer: This is a personal opinion, It does not reflect the stand, policies or statements made by my company. Please take it lightly and enjoy the post
Yes good time to buy. I bought a lot today!
Indeed, it is a good time as it is a textbook scenario of a bounce-back-up!
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STOPI like your strategy!
Thanks, Just remember me once you are rich!