Bitcoin Forum

What do you make of this?  Looking at a 7 day chart of NEO, it has moved above it's sept. 1st "pre-crash" price -- when China announced "ICO ban".  Why?  I thought this was like the 'etherium of China', a platform for launching ICOs?

The 1st September showed how vulnerable Chinese crypto projects are. What would happen if the Chinese government would extend the ban and start banning particular coins?
Crypto currencies in common are an unpredictable investment. But Chinese coins have a lot bigger risk in my opinion. Of course the chance of profits is bigger, when the government stop to ban more crypto assets. But the more successful crypto currencies will be the more bans will China inflict.

Im assuming the same thing too on which if they would see more successful ICO then possibilities that banning would still not be stopped for sure.If you can able to ride wisely on Chinese crypto coins then for sure money making would really be easy but talking on its price.Its unpredictable we wont know if this rebound is just a pullback on a certain downtrend or just already the pure reversal on its price.

very embarrassing for me because I buy NEO when the price is around 0.008, neo it is the assets of china investors choose so the price will be the same as the trend that happened in china.

The way I see it,  even if China bans all crypto in general, NEO can easily be "sold/transferred" to a US developer (or other country) and resume from there.  It already have big following and I'd think someone will jump into that deal.

I fully agree with this. It is very risky to invest in China crypto projects, because the entire state is unreliable. Of course, now it is rebounding based on the news of the ban not being permanent. But i really hope that with more success with cryptos, china will allow/go with it.

Stop to trust everything you read on this forum.

It is because NEO is a very solid project with a great team and good future. The dump was pure panic and fueled by FUD. There is no reason that NEO should be trashed. It has a very bright future. The technicals are good, the charts are good, everything is good. Everyone who sold is now panic buying as well. Everyone wants a piece of this coin.

Once you buy something to try to hold it long FOMO will always put you in the loss, also make sure to put your altcoin in the wallet so it won't be easy to access those coins in downtrends. 

Exact. The big hodlers were the first which sold their big stakes on 1st September and made a big profit. You just need to look up the enormous price surge since June. Now they sit on a big amount of Bitcoins and slowly invest again in NEO for just half the price they sold what causes the ongoing price recovery. And now the small investors think it is a good opportunity to buy the coin cheaply. That's a mistake.

The ban will not have much infect as ico will still find it way into the market through other platforms. Neo price is up because many investors has understand that the ban is a temporary one. We expect what happened with exchangers last time about regulations to happened again as most of the coins reacted advisedly to the ban.

Because a lot of the speculators already predicted about the future of neo after the ban announcement from the people bank of china already appeared. And the more development can't adopt the neo as the main platform or system. I think that was the answer about the dropped of the neo.

I am a little disappointed about how NEO grows, but I hope that it will be more stable in the future ><

good it gained. now we need this to go back to its 100k+ sats glory!

Yes i agree with you, dump was caused by people's panic and as we can see the price is going back up already. The future of this coin will mostly depend on the duration of the ban and on the regulations that will result from it.