Facebook Banning ads promoting cryptocurrencies - Bitcoin + ICO's
Facebook is banning ads that promote bitcoin and other cryptocurrencies in an effort to protect its users from -
“Financial products and services frequently associated with misleading or deceptive promotional practices."
Senior FB Tech Director says That's an "intentionally broad" approach to prevent "financial products and services that are frequently associated with misleading or deceptive promotional practices," including binary options as well.
At the time of writing Bitcoin was down 14% and Bitfinex and Tether subpoenaed is also not helping the market.
Hmm I don't think many of them are misleading! Just many people act like sheeps in this kind of scenario and do no research by themselves before they invest. Actually I wrote a post ealier today exactly about that problem feel free to check it out:
https://steemit.com/cryptocurrency/@elleok/don-t-be-a-mindless-sheep-develop-critical-thinking-1-mistake-of-new-investors
Upvoted and followed!
I do not disagree!! Most of the new investors are flocked by good press and they get into any kind of market by just seeing the gains others are making. Once they enter already hyped market and market crashes these new investors get spooked and some of them sell in loss and thinks of never to get into markets again.
Point being everyone should DYOR before doing anykind of INVESTMENTS.
Basically what I said, yes!