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

I honestly think it's a very healthy pullback. You wouldn't want everything to start looking like a bubble, have everyone buy in in a huge upward trend because of FOMO, and then have a bubble-burst and have a correction that will reset the resistance levels to maybe 50% compared to the peak.

I honestly think that a gradual growth pattern, with ups and downs, but an overall bullish trend is way better, in the long run. People need to understand that we're investing money ... I think you need to be patient for at least 3 years to see your coin holdings actually grow, and earn you good profits. What if you were to invest your money 10 years ago before Bitcoin was invented, and you were to buy 30 Year US Treasury Bonds ? You'd be happy to have a 2-3% yearly increase, right? You'd do the math for the next 30 years... and now you can't even wait a few years or even months for you to turn in some profits?