Coinspot is just an Australian exchange (but actually more like a broker) for various Alts. I think they have about 50 coins. It is extremely convenient and easy to use, but is a bit expensive on the fees and lacks many trading features. Very recommended for Australians who are just starting out, and you deposit and withdraw to an Australian bank account. Unfortunately you do not earn gas though.
NEO up again today. I'll bee looking to take big profits if it hits AU$40 on Coinspot, bought back in the low 20's after selling in the $40's in the last peak.
The time to buy was a few days ago... happy to have got it spot-on. Should go higher than $40. Most likely a quick run up to APPROX 0.02 BTC
I was holding when it hit $72 but never cashed out. Wondering if I should take some profit this time if it edges back near $60. Long term I feel triple digits is quite possible.
Why would you cash out now? The 1st ICO hasn't even launched, yet alone be implemented. They already announced a second ICO. Just wait till the whole ecosystem is up and running, and perhaps we will see $100!
Because I'm trading it and banking profits from the volatility. I banked 50+% profit last time in a single day, and now I can take near 100% profit again. I can buy back in on the next dip, unless of course it doesn't ever dip again and just keeps going up, but that's the gamble isn't it. You don't know if it's going to $100 just the same as I don't really know it's going back down. But at least it has some history of going back down.
Just curious sometimes to see if it's worthwhile to trade on the swings like that, or to just hold on a project long-term.
Sure they can, you can lose it all on the very next trade. Never risk money you are unable to afford to lose. Take 50-75% off the table and free carry the rest or have a max of 25% of your original investment at risk for total loss. Never risk money you are unable to afford to lose. A 25% free carry is all profit, a 25% free carry that doubles is still all profit, a 25% free carry that drops 100% is just a disappointment.... and a tax right off. Never risk money you are unable to afford to lose. A 25% free carry that go's X %10000 is fookin great.... Rinse and repeat....
back down again with rpx and gas also down. curious if anyone has also invested int he other aisa crypto hsr that looks to almost match the price of neo?
I sold mine yesterday at AU$62, picked the top to about 10c or so I think Third time now I've made big profit on the volatility of NEO
It's amazing how a few articles online can have such a massive say on a coins price There were a couple of articles about NEO and then the price started charging up to over $60AU and the market cap doubled! 1.25B in 24 hours, and then as soon as this article started getting shared the price has been going down since https://storeofvalue.github.io/posts/major-neo-redflags/
Interesting that he says it isn’t the East’s version of Bitcoin. That is definitely how it was explained to me. May be time to move on?
Just a heads up. On 13th March 2018 the founder of NEO will be in Melbourne at the APAC Blockchain Conference! There is a 3 day convention at Jeff's shed for blockchain. The dude that made the internet and Aus gov, Telstra, ANZ, Australia will also be attending. Tickets are from $900 up to $3000. I'll give it a miss.lol.
