You're quite right. The banned list really looks unimpressive. Points to you for the ability to sort hype from reality and make profitable trades with that perspective.

Given this list it really makes no sense for established, top-tier cryptocurrencies like Bitcoin to sell off like they did following the "news." I guess that's what emotionalism combined with trading does to the market though.

I've never done day trading so what this makes me think of most at the moment is the negative hype in the US about the "dirty" VW diesels. I owned a diesel VW Jetta at the time. It wasn't a top-of-the-line car so I didn't love it but it was practical, functional and averaged 43 MPG during the time I had it. When I decided to upgrade and wanted to sell the VW I was doing pricing research and realized that all the negative news had dropped the price of VW diesels by $2000 or more.

There was no change in car function. Everyone's Volkswagens worked just as well as prior to the news but nonetheless it was easy to find news clips with worried owners talking about how they don't know what they are going to do and how they were really upset. Too easily manipulated those folks.

Thanks for sharing the ICO list!