Down 64% from 3 weeks ago. ICO goes up, ICO goes down. Anywho its now official, China will ban ICO's. https://www.silverstackers.com/foru...eclares-initial-coin-offerings-illegal.86134/
Neo wasn't an ICO, it was Antshares before the switch. I don't see why the price has bottomed so hard unless it is people shunning Chinese projects, I would be buying at a rate soon.
Remember it could be had for around $8 only weeks ago, so its not doing so terribly in that regards. This is the way of it for the moment. Hopefully to those that hold, we can look back in a couple years and be thankful we got in so early!
Were you trading it or going long? It is oversold so should bump back up. but that resistance at 0.0075 and 0.009 could take a while to work through We have all held large bags at one time or another.
So with the recent events, when do we think would be a good time to buy into NEO? Wait for a few days and see how things pan out?
Without new Chinese ICO's popping up out of nowhere, i can't see any reason for NEO to do well any time soon. I wouldn't touch it for the rest of the year and even then it might just die off and people might chose to use Ethereum instead, as it might be seen as a safer option.
i did exchange some lsk for neo yesterday (4:1) even there will be a rebranding and sdk im short term on the table.
From what I'm reading the Chinese banks/gov are in support of blockchain technology, but they just don't want their citizens getting rorted by dodgy ICO's I think we'll need to wait a little longer to get further clarity, but if they are in fact in support then you'd think NEO has a promising future I'm really tempted to get some NEO right now, but think I might wait a little longer
Bought a big chunk of NEO today (the exchange daily limit) at AU$28 and tonight it just hit AU$39, huge gain in only a matter of few hours! That NEVER happens to me. Not sure if I should just day trade and take my profit or not...
Looks like it was a fake recovery, that's why i didn't touch it. But it would have been good for day traders.
I plan on moving most of my coins out when the nano arrives. Hopefully by then they will have NEO support. Currently on Coinspot i don't get the GAS