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RE: The Beginning of the War against the Crypto Currencies
Chinas ICO ban is Not a war against cryptocurrency but against an often misleading way of collecting money...
China has not banned cryptos but only a very spekulativ and risky kind of Money raising.
(Yes, I know it feels good to say we are in a Great War and evil China is fighting against good bitcoin and in the end the superhero will win...
Bit even though it might be a good comic, it is not really how the world works - it’s far more complex, I am sorry if I disappoint you..
I wrote it was done by the central bank of China and not by the people of China. If you write comments on something you do not understand first read my books. Or tell me first what a central bank is but not with an google search answer which is wrong.
Maybe you did not understand my answer or the market.
There is little doubt that central banks do hate the idea of crypto currencys, but the ico ban is not mainly a fight against crypto currencys, yes, there was a great crash after the announcement, but not because crypto currencys in any way where attacked or banned - but more because of emotional decisions of people who do not understand the market and traiders who took advantage of these people.
ICOs are highly overvalued and a quite dangerous investment.
Tell me one reason to read a book of someone who seemingly does not understand the difference of existing currencys and a way of money collection called initial coin offering?
You might be right that a kind of War against crypto will come from Central Banks, BUT the ICO ban is most likely NOT a part of this.