China banned ICOS: What coins I am buying/scared about
Morning breddas. China just banned all ICOs. Pretty gnarly right, everything has crashed and it is pretty cool.
Coins I am not worried about:
1. ETH
Lol eth is so cheap right now, and it might even get cheaper? The people trying to sell it should probably consider organizing an intervention for themselves. Dozy cunts.
2. Monero
Monero is really cool and cheap and it is going nowhere. It is the number 1 privacy coin and will likely be the currency of the next generation of darknet marketplaces and it is on sale right now. I don't currently hold any but I think I am going to buy some soon if it keeps falling.
3. Binance
Binance is compliant with all Chinese law, they have a huge legal team and will continue to crush the market. Super cheap right now.
4. Funfair
Funfair is one of the easiest buys for the rest of the year and right now it is cheap af. NOM NOM NOM.
Coins I am worried about:
1. NEO
Yeah, Neo is sort of fucked right? As the 'Chinese Ethereum' if it cannot allow Chinese companies to ICO on it's platform then wtf is it for? I don't think many western companies are going to choose them over Ethereum. I would be pretty nervous if I was holding a lot of NEO right now.
2. All current Chinese ICOs
They banned so wtf is going to happen here then chaps? Who the fuck knows.
Good luck bros, and try not to panic sell all your crypto <3
I had my grubby finger waiting to click and buy ICOs before they sold out in 24 seconds on Binance. Failed at Tron, got 20,000 $LLT and 90,000 $SSN hoping for one of the lil fuckers to be worth a few quid.
The $SSN was returned to me in the form of ETH this morning so I just stuck it back into $BNB while the price was dropping like a big morning poo. Still got a lot of hope for the Binance Coin and am hoping that today's mess will end up making me a few more dirty dolla
Well played you dirty bastard
I think the real question is, is the US going to follow suit and could ETH and all its ERC-20 tokens going to suffer the same fate soon?
It seems that the SEC is looking to regulate them, not just fucking ban them all, which is surprisingly reasonable. I have heard some worrying reports about Korea though!
So apart from ICO BNB is unaffected by these changes?
While I am the mind of a generation, I am not an expert on the Chinese legal system so I could not tell you for certain, but I bought more at under $1 and am pretty happy about it.
Good article. I was about to start a similair discussion. Buy low, sell high, it seems so simple but most investors still don't seem to get it :-) Besides coinmarketcap.com there is: https://www.coincheckup.com The best crypto analysis site by far. Complete in depth investment analysis.