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China's cryptocurrency ICO regulation causes market to plummet—future impact

China's ICO RegulationNews

Since September 4, the cryptocurrency market

has generally declined.

ICO is a method conducted to raise funds

during the pre-launch of a cryptocurrency,

through which one can invest efficiently in cryptocurrency

and potentially earn great profits.

On the other hand, there are many fraudulent currencies,

and ICOs with such characteristics exist.

In the current situation, I have succeeded in many ICOs so far,

but that is due to prior research.

I feel that many who fail are those who were urged at seminars

or bought based on recommendations from others.

I also feel this is the case.

When I invest in ICOs,

I provide information about how to analyze the investment

via email newsletters,

but basically I leave it to investors to decide,

and in the end, many people

make profits.

I don't know who invested how much.

However, as a result of my research, I am providing information

on which projects I myself will invest.

This is what I am doing.

This downturn is also a correction, and I think

prices will start rising again,

but I think it varies depending on the currency.

Chinese-origin cryptocurrencies like Neo

may recover a little more slowly.

Even last January, due to regulatory actions by the Chinese government, Bitcoin

fell sharply, but it then quickly

recovered.

A crisis can be an opportunity; personally,

I am considering buying a portion of cryptocurrencies with low holding ratios

for investment.

However, while some information says this downturn is a "bargain sale,"

not all currencies rise immediately,

and it is prudent to choose carefully.

Summary of China's regulations, their future impact,

and the status of cryptocurrency prices

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