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RE: China Bans ICOs, Is This Good News Or Bad News?

in #cryptocurrency7 years ago

Yes, there may be a bit of a freefall going on right now, it was bound to happen with the ban on ICO's in a country that holds much power over the crypto world. However, I think you are seeing a lot of the Chinese trying to hurry and cash out while they can to prevent complications from the government further down the line. This will all balance out, the legit coins will prevail, and to be honest, now is the time where legitimate investors should be rejoicing because they have a second chance at buying some coins at a reduced price.