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NEO is crashing on the rumor that DongFei was arrested by the Communist Gov,  Everyone Dump now or be left in with dust

Any proofs?

Even if this info has no proof (I didn't see anything when I searched for it), there are great proofs of icos being banned and thus I agree that NEO might do some final agonist price pumps but it will die soon anyway. We can see the green market right now and basically, most of coins are recovering from the news. Yet this doesn't hold for NEO. And I guess investing in icos built on this platform would nowadays probably be the worst idea of all.

Almost all tokens will have same destiny. Almost all are easy way to take money from investors.
Better to invest in some big and main coins like btc, eth, monero... then waste money on ico scams.

NEO is crashing ?

https://coinmarketcap.com/currencies/neo/

NEO went down after the last news on ICO, that's all.


What a shitty thread.

piece of shit fudster

LOL  ;D ;D ;D ;D nice try u piece of shiet.
Btw - how the fck is DongFei? :D:D:D
OnChain CEO is Da Hongfei, and he's fine.

If there is any moderator here - close this thread and consider banning this fck Artdealer for spreading fake news.

I actually agree we are going down further....you see from this chart we have just broken out of the inverted flag pattern... I think we are headed to the 0.886 retracement which aligns at a price of around 0.001955 BTC per NEO. Set your buy orders for there!!
https://i.imgur.com/xYfwtl2.png

such a bullshit thread

OP forgot to mention that NEO will be the only platform in China that will allow ICO's  ::)

It's not that bad but it has lost more than a billion dollar market cap in a week, I never like antshares but everyone who likes it gets a chance to buy neo at %50 discount rate.

Watch it bounce back with full force once they get their ICO paperwork compliant with the government.

But what if NEO is a good platform anyway,i agree that ico is very risky and it will blown in some point,because the governments will always want to protect the investor, but as far as i can understand platforms like ETH and NEO are good in a way that they could do a lot of other things,things that  nobody has figured it out yet.

I wouldn't touch NEO with a 10 ft. pole

It could just be a case of China wanting to hit Ethereum and the scam ICOs hard, allowing NEO to monopolise and pick up the pieces.

NEO platform purpose was to create new ,china supported ICOs as Ethereum did.
After China bans ICOs, NEO is pointless,useless project, restricted by origin country government. I dont think it is good investment right now.

Wait for some positive changes. I think taking blind risk just becuse of 50% drop is not a good idea.

Yes it probably will rise a little again just as dead cat bounce,but nothing more.

Stop spreading FUD without backing it up with facts or credible source!

Someone very smart once said "Whatever China bans , invest in" ... the Chinese Government and PBOC will be sneakily buying all the cheap NEO from their very own FUD induced sell off...  the they will announce that everything is ok again and this will go to the moon

Probably no evidence, all just speculation

Nice technical analysis you do have here mate.Inverted flag does really signifies downtrend together with the trend line you did draw and as set on the buy order i do agree on that one. Pullbacks will surely happen on that time and reversal would really be expected.

You are right, to be safe, Better to invest in a large sum. Accept a low profit margin a little but you get back the stability

Ya shure this will happen, a commie government is going to help ico scammers. sure.. more likely all ico coins will be de-listed from the chinese exchanges because of government pressure.

I think lauching rumors like this can help crash coins a little. But i don't think Da Hongfei got arrested.
It is more about the refund of Chinese investors and the ICO ban in China. Stop spreading false rumors.
You need an official source before spreading rumors.

Err no. Once the Chinese Adminstration purge their landscape of all scammers and thieves they can create a blockchain space safe for consumers and with everything regulated so the government can get their slice too.

The Chinese don't fuck around. They want NEO to be successful because it will suck in money from the rest of the world external to China.

I agree with this. NEO to climb to the top once all of this settles!

Well, what Neo council did is this:
https://www.reddit.com/r/NEO/comments/6y7q49/a_statement_from_neo_council/

They offered a choice to investors - either to keep their Neo or get a refund at ICO price. One has to be retarded to accept refund conditions.

This NEO thing reminds me of Ethereum first half 2016 when it was topping 0.034 btc crashed all the way to 0.008 people when shouting Ethereum is dead was going to die look at Etherum now bounced back top 20x harder now 10x... people need to relax and chillax.. get your cheap NEO and laugh in a few months:)

People back from 2014 and earlier are rich anyways nowadays:))

Looks like it might be time for another rebranding  :D :D :D

Maybe moving to a country that values freedom might work better. Something like Switzerland or the Cayman Islands

NEO had to drop eventually especially after the ICO news in China.

Now that Red Pulse has also been put on hold, it further enforces this point.

However, once they sort things out, many ICO on NEO will move to Singapore or Hong Kong which are different legal jurisdictions.

So in the long run it will be ok.

No error by the government instead but I think government should regulate ICOs instead of completely banking it. If they aren't regulated then every new day there would ICOs popping up, scanning users with their shitty promotion etc.
NEO came here as China's Ethereum but without ICO its definately dull but NEO is not only for ICO so it won't go anywhere soon.

I think the prohibition of ICOs is good, the´ll have more control, so only the good ICOs will pass

So guys what is your expectations for the NEO during this month? Do you see it moving? I guess, $35 sounds good though or could be hit under $20 as will be possible hearing more bad news.

I think it will be soon testing 30$ resistance...

If it passes, 40$ is realistic this year if no special news come along... be it good or bad...

I don't anticipate this drop to last much longer. I HOPE it does though, so I can purchase a bunch more NEO at a more reasonable price before it explodes back up to the top. I bet it far exceeds $35 in the next 1-2 months.

As far as the OP's comments go: They are completely made up. I have searched all over for any indication that what he stated actually occurred and was unable to find anything.

As has been pointed out several times now, NEO is dropping due to the Chinese Government crackdown on ICOs ... News in the crypto world spreads fast and decimates (or increases values) more than any other market. It's just the nature of the beast & it's par for the course.

it will slowly drop till 5$ this year. If there are no ICOs, what will be the future and purpose of this? Neo is only starting, yet no project has been successfully involved as of now, but there are lots of future plans, yet denied. It is very sad that this thing happened.

Every coin out there pumping hard and NEO being dumped hard.

If they went after the founder that's harsh, let's see how centralized NEO is...

Such dump, many REKT.

hard hit on chinese ethereum.

I don't think NEO was dumped hard. NEO is a total hype and this is very normal. The price will be $5 soon, and all of the pumpers will cry for their wrong buy orders. How the hack one can buy a NEO for $55? This is totally meaningless.

NEO has a long way to go, After the crisis caused by the Chinese government

Oh yes, another FUD from the chinese, should i believe it or not?... Please.. dont stop investing in this coin because people's panic. Neo is one of the best coins that are here right now, i dont see anything wrong with it. It is at $22 each neo and it will go up for sure, so dont be afraid and dont dump your coins because you will miss a very big opportunity.
Also NEO is launching icos with their technology, so it is gonna pump the price a bit.

I will try to follow this news and look out for the best time to buy. I do believe that Dongfei arrest is a temporary one and we may need to see beyond today as a traders.  Now that bitcoin and ethereum is very high you can actually convert your bitcoin or ethereum to neo as this project has a wonderful advantage over other coins. I repeat this is a temporary set back.

First price rise Neo also lost 1/3 of the price in July from 12$ to 4$. Right now from 58$ to 20$. Good entry point for launching to 150$

I saw some noob just mentioned NEO as the only available and legal platform permitted by China government to launch scams ICOs I just can't stop laughing :D why would the Chinese government ban everything else and just allow an insta-mined token to operate and that being as they're a private team separated from their government or if they are in bed with their government then where is the decentralized and the freedom of crypto fits with NEO?

I agree. There's a lot of people that are naive enough to invest lots of money in Neo in hopes that they partner with the governement. News flash people it's not going to happen.

I'm holding neo, but I sold 3/4 of it recently with the news.

This idiot is one of them. He seriously invest all the money he can cheque to cheque. Clearly investing money he can't afford to lose because he hopes they will partner with the government.

https://www.youtube.com/watch?v=itgGBymD0FA

Wow, so much vibe in here when it comes to NEO. I mean I can feel it by reading some of the comments for sure. After China banning ICO I think everyone has their own set of views. Some call all ICO as scams from the beginning and some say ICO are meant for people who wants to do something different.

Definitely, with the ban coming into effect, lot is things might change. We just need to wait and watch.

Was NEO just a fad like a lot of other coins which got pumped into the top 10? I hope not, I think it is great!

agree with that, many people consider neo as the ethereum of china but if there's available the genuine ethereum why choose from china lol. the government there very strict about something out of their control and will soon do something against it, so there's no long future for the "ethereum china" seeing from the government rules.

The only negative ting I heard about it was that it used C as the programming language and this has the potential to be quite buggy.... not what you need from smart contracts... although Solidity has its issues as has been seen!

Nice attempt to FUD the community, NEO is not doing very well that is correct, but the coin pumped really hard so it makes sense that the coin is going to lose value and when you add the ban on icos from the Chinese government then you have the perfect recipe for panic.

What a rebound. I wish I would have bought a few more on the dip. Now that this hurdle is over I think the future will be bright for NEO, especially since they are in the good graces of the communist country.

Check out this crap https://torrentfreak.com/chinese-man-jailed-for-nine-months-for-selling-vpn-software-170904/ (https://torrentfreak.com/chinese-man-jailed-for-nine-months-for-selling-vpn-software-170904/)

Was this real news? anyway the coin is recovering its power, so you don't need to worry about it.

then it come alive today, bitfinex announced it will list NEO, so it pump a lot, if you really believe in NEO, you better hlod it and do nothing

it's already listed for couple of hours

MNGA (MAKE NEO GREAT AGAIN)

China lifts ICO ban and NEO will cruise to $150 just on that news.  ;D

ONLY NEO IS REAL, As fer i know Chinese people calld neo as Chinese ETHEREUM. is This news real?? i don't know.  but i think it just a rumor

Neo suffered a lot from the recent China news I guess. But NEO was pretty high so maybe it's a good to have market correction!

neo dump after to 0.004btc

China did it again. The Manipulation is insane when it comes to making money.

http://boxmining.com/china-ico-ban-temporary-will-introduce-licensing-soon/

Guys, this is really time wastage to hook around altcoins, at least not NEO. If someone really wants to stick with altcoins, ETH is a much better option. It would give more profits in less time than NEO or any other altcoin. Personally, I recommend earning Bitcoins. Far above than all crypto coins!

NEO is not an ICO and has been endorsed by the Chinese gov't.

I wouldn't read too much into it. Look at all the scams trying to be released on ETH, I am not for government interference but I don't think this will have much of a negative affect.

You really can't expect to invest in something from China and not have their heavy hand involved

China obviously shorted the market with these news, using insider information. They scared everyone in dumping their coins, then they come back and say "woops, this is only temporary or under a certain criteria that the ICO would need to be approved" and what not, then they stop their shorts and watch the market pump back.

These guys can go fuck themselves for all I know. Im tired of all the shitcoins that have no actual real life application. I hope everyone made a lot of money from it anyway, but im pissed at the noobs that sold their BTC in the midst of the storm. But oh well, at the end of the day only the smart will hold the most BTC. I hope a lesson is learned and noobs learn to not panic sell their BTC next time.

And Neo is crashing again.

everything is crashing again. weekend cash out or have i missed something?

Yup, my bag is heavy, just wait few months and we are rich
Ethereum like opportunity.

Its just a dream if you think neo drop and crash to pennies. Neo is too strong. It is an ethereum competitor. Just because the news does not mean neo will be worthless. Some times you need to see a positive thing behind negative news. If rrgulation comes up from china goverment. Its mean neo will strike again or even beat ethereum.

Neo might hit a new ATH this year. Once the China fud clears it will get back on track when China ICO's are regulated. This is not an advice to buy for the record.

I'm quite cynical like you, the Chinese elite are fucking with us here.

so...buy or don't buy? lol

Agreed! The altcoins might recover, or most of them. But NEO, being based generally in china and highly depending on the chinese people as their market, might really find it hard to recover. The team behind NEO must be doing something by now. Otherwise, their value will continue to go spiraling down until cents worth.

You obviously want people to dump because you sold your Neos. Personally though if it goes down to the price I sold, I would love to buy them back. I can't believe I sold so low. I try to be happy that I wasn't one of those people who dumped soon after the coin was launched, but when it went up to $50... Big headache I had.

I followed the price graph of Neo many hours yesterday, Neo price was at a turning point some 6 hours ago, it might have went on rise but then some whales put "sell-wall" at 540k satoshi (there was a clear flatline in Bittrex graph, I even took pics). They were successful in dropping the price slowly and its now around 496k. Still there has been great resistance, no panic sales for many hours. But I think the manipulation was successful since now the price is steadily going down.

Edit:

The current clear decline started right after "sell-wall" 8 hours ago. There is a flatline in Bittrex graph around 01:00am (GMT+2). Look at the one minute graph:
https://bittrex.com/Market/Index?MarketName=BTC-NEO

If you aren't buying NEO at $20 then seriously what are you doing with your life?

It looks like the decline is increasing.  Was there some news I missed that is keeping it rolling downwards?

Nah dear, you shouldn't use such words really. China banned ICOs to protect the investors; they never intended to get into the way of "innovations of Blockchain space". Now the Chinese government is again resuming ICOs after establishing licensing regulations. I respect their decisions and advise the same.

Its turning now. Expect good news from China sometime next week. I think we can see a return to the mid $30s in a few days.

Could this be a possibility ? and if it happens would the coin resist

Is the Chinese government manipulating the market intentionally? Nothing would surprise me in this space. And it will not be the first time a government gets involved in a currency war. Something just ain't right here.

When the regulation is on the cards and when everything is clear then the price might rise and that is just a speculation as it is not that easy to see a clear future for NEO in the distant future,if there are more legal tokens being provided and it might take a long time to get the regulation sanctioned to start an ICO,so it is not that easy as it sounds,just hoping for a better future.

Right now, CryptoCurrency markets look bearish, NEO could benefit from that. Otherwise nice opportunity to buy cheap. Now then, I agree that NEO. Long term is a solid HOLD.

With this news coming from china with all certainty would negatively affect NEO, I soon believe that it will gradually rise again, like this project.

we should wait till to pass that china affect.
they are producing news everyday.

Not only China, some guys like WSJ also spreading the FUD news, in form of an article with scary title and inside is the old news from few days ago. What a shame!

which makes altcoin decrease now is the effect of news from china,  :)
hopefully this final end there will be good news :)

I’m starting to think that some of those Chinese police makers are probably heavily invested in crypto and they are using their position of power to influence the results and get richer themselves since they seems almost bipolar in the way they are treating this subject

be calm. today we have a news that this ban is just temporary. They want control ICO not block it forever. Neo will comeback soon

It seems some of medie must be included on the blacklist due to the spreading the unreliable source and than we must never try to take any information from there again, because the media already play a lot in the crypto.

i hope that the banned is just temporary too because i think its not good to banned the ICO especially if the project have a good project in future. but i don't think that chinese government can control the ICO because crypto currency is not centralized and i think no one will want to be controlled by someone else. and for neo, if the price is crash into bottom price, then i think i can buy again in low price.

Everything is temporary and ICO banned is just a little flavor to china and I'm sure that chinese people will abide this nor eliminate this law since they will realize that altcoin is a new economic symbol today. But we should wait further more if this unbanned thing will be happen since I think Chinese government look this as fraud for now. And maybe we can see on future that NEO the what so called chinese ethereum will rise again when the chinese support will came back.

i don't think any thing happen like that to it. on the other hand it is the great oppertunity to buy cheap coin and save it for the future and i think when all the bad news that are coming from china clears in some weeks or a few it will back on its track and it will be able to give a great profit in the future.
neo is a great potential coin and don't missed the oppertunity to buy now.

I did not believe in this coin before. But now I have studied a lot of materials and realized that this is really a good coin. And if you look at the chart, you can understand that its price is now low. This will allow us to get more profit in the future.

coins are rising and crashing it's normal in the crypto world, losing 50% has been the norm since the entire thing happend, so how are you amazed that NEO got down so much

Just do not make the mistake of waiting too long, if you like the coin then this seems like the right moment to get some of it at cheap prices, maybe you are never going to have this opportunity again and you are going to regret it since NEO seem like a long term hold that can give a lot of profits.

This has been a long time coming and anyone that still has the coin is about as dumb as dog poop. This has been coming since right after the beginning and there was nothing to doubt at any moment. Everyone was warned and those warnings were ignored by many. It is right and just that the last people lose everything.
Lesson Learnt-: Not all coins can do well, need to be selective in selection of investment in altcoins

A lot of FUD is being spread. NEO will soon recover, and then all those who sold cheap will regret..

Choose ur words carefully. Maybe u can clean the dog poop that is left behind when it rise. Neo is a solid team.

The longer the ban the more coins are going to keep crashing and the more they are going to hurt Chinese investors but I suppose the Chinese government does not care about such a thing as long as they get what they want out of this which is even more control over their citizens.

Really NEO is still expensive.  I feel I came in late just before the rebranding and I'm still sitting on over 200% profit.  We could fall to 0.003 and it would still be a very profitable position for me, with technically a worse outlook than NEO had when I bought it. 

Now, if NEO survives whatever regulations China adds when it enables ICOs again, NEO will explode.   Let it coil and be sure you're along for the ride.

If you think that NEO can reach such levels then why do you not sell and wait for the opportunity to buy NEO cheaper or get into other coins, there is no point holding a coin that in the near future is only going to go down, do something else with that money and invest in more profitable coins.