Bitcoin Forum

I bought 79 coins at $30.7 like a dummy... Anyway I'm down quite a large amount. I'm not hoping to sell and take the loss, but I may if things don't look up.
I am hoping if anybody can give their insight as to whether or not NEO may bounce back.

I was thinking it would bounce back to at least $28 range if China brings out good news this week, but no sign of that as of now.

Any opinions?

Well, the top was $48, it could have been way worse. One of the reasons I never buy during pumps is to not end up bagholding for months to years, and this may be your fate now if you don't want to sell at a loss.

It takes extreme patience. You must hope that NEO keeps developing and keeps landing good deals.

I think with these type of coins, your best bet is that they get a big brand involved, because that tends to pump nicely.

Sorry to break your spirit, but It is very small chance that neo going to bounce back, so many people are starting to dump this coin because of the unsure news from the china government, if it can bounce back it will take a very long time to recover, but I am pessimistic about it

Sorry for your loss but I don't think Neo will recover from this. It's already 1 billion dollar marketcap, very overvalued. It was kinda obvious that this hype should be stopped somewhere. You were one of the last ones who bought the coin from hyped price. There's no bounce, accept your loss. You can wait for long term or sell at loss.

Don't worry man be patient as it will be up by end of this week or maybe next week.
Don't sell at loss,set a sale order on $31 or $32

I don't think $1B market cap is overvalued for NEO. OMG is now at 1.2. I believe NEO will recover by the end of this month

It will probably go back to around $25 again from here in the coming weeks, after that unless there is new news this may start to fade away back towards $18 or lower again, you may need to decide whether to cut your losses or hold, potentially for an extended period.

That doesn't make sense. Just because Omisego is overpriced doesn't mean Neo is not overpriced. Your logic will give you bad investment decisions if you continue to think that way. 40 days ago Omisego marketprice was 10 times lower than that. It's pure speculation, it doesn't show coin value.

There has been multiple attemps by whales to push down the price with "sell-walls" lately so the decline is not fully natural. Also there have been no panic sales even though price have drop, people want to hold on to their NEOs. Its clear that they think the current value is realistic.

If price goes down then you should buy not sell. Sell few NEOs now to get ready to buy at lower price if you dont have more money. Im allready ready to buy more if it drops to around 300k. Im sure if the price drops greatly it will bounce back up instantly. The price was 30$ just four days ago. Its going to go back there sooner or later.  

I would love to buy more NEO cheap so that I could get into that gas-making business. My money bags are ready to open as soon as the price drops.

The rumours from China have been just that...rumours. According to past one should not trust them.

very high bought. but I would not sell. I would hodl . I think the course will rise just like btc and eth .
just wait or sleep a few weeks . you do not sell with loss . that does not really make any fun .
hodl and look forward to the course.

Its clear that China is manipulating the market to accumulate at a cheap price.

Expect news in the next few weeks to bring neo back to +30

Don't worry, Neo will rise and also be added to Bithumb. So, Neo will rise when it's ready to rise. Justified gains are much better than speculative gains. Give it a month or two.

NEO is call by Chinese ethereum,  don't worry about that. it will take some time.  As you Can see that everywhere bleeding situation. For Making Suitable Situation,  it will take little time.

Neo will bounce back $28 don't worry, it will be higher than $28, if you have money buy more now and hold it. Don't sell it for loss now. It is the worst decision you can make now.

NEO will bounce back to 30 with ease.  Right now the total market cap is pretty low compared to what it was a week or two ago.  As the market cap recovers, all the coins that have lost value should recover as well. 

hold and chill, dont listen to the hags above who want ur cheap coins

neo has hardly pumped past months. so many whales who buyed at few cents/ neo can dump and still winners.

in the future neo will be fairly distributed and his value can go up

I would sit tight, be patient and wait for the price to recover. Unless of course you feel like you could invest the money better elsewhere to recover your losses from Neo and make a profit on top. Personally I think you'll be hard pressed to find such an investment.

neo might drop way more, if you see how much it was a couple of months ago (antshares)
Sometimes you just have to eat losses to prevent even bigger losses

This chinese shit will not take long. More neo ico will come and rhe prize will rise. Just wait a few weeks/ months.

Neo will have a free Fall - Maybe bounce Back wenn near 15$

Thanks for all the answers. I was really hoping just to hold for a day or two as I thought we would see $32-$35 again.
Hoping not to wait weeks/months, but I will stay hodling for now.

I have lots of neo too and I'm hodling. It will bounce back. People are scared now so they make rash sell of decisions. Don't make emotional investment decisions.

Yeah bro, like what the above posters said, just hodl. This temporary dump is just because of China's manipulative government.
NEO, along will all the other currencies, will be back up soon.

You may need to wait a few weeks/months to see 30+ again.
There is a lot of uncertainty with what is going on with what legislation the Chinese government will put in place.

If bad news comes, the price could drop a lot.
If good news comes, the price will likely pump to 45+.

This time next year I expect this coin to be 100+.

I would hold as opposed to try and guess what is going to happen in the short term.

just HODL your NEO. it will get pump again. and this price is good for reinvestment. you can buy more.

Don't worry . Be calm and wait very likely NEO next week price will rise again.  :'( :'(

Neo price is still too high from ico price, my advice is to stay away from chinese based coin for a while..Neo is a big thing after ethereum if the news from chinese goverment did not comes up. But shit happened..very bad news for neo..i hav3 seen liecoin falling from $41 to $2 before thes3 ico bubble..it is really sad. I hope crypto community can figure out how to face this bad news..

Sorry for your loss but I don't think Neo will not recover from this.  :'(

Currently, NEO has a high price for what it does, there's no ICO on the block chain yet, as RedPulse has been delayed.

That said, In the future, once ICO start coming out of Singapore and Hong-Kong and use the NEO Block chain, the price will in Theory rise back up.

I've held NEO long term and will continue to do so.

The best advice I could give you is to hold the coin you bought. Wait for a couple of months or a year if you don't need the money you placed as a capital for buying NEO.

the market in general is not in a good shape these days, it is too volatile and shaky. and that always makes predicting the market extremely hard and nearly impossible. and when it comes to specific coins like NEO that have been pumped recently it becomes harder to predict too.

however the price you have bought seems to be near the bottom. so it wouldn't be the worst idea to hold it specially since you are not yet at a stop loss to want to sell before it becomes big.

I would like tosell NEO... I  was  so  smart to do not  buy it at 40 or  50,  because  I  already felt  that  the target price  was more  or less reached.

I think like the rest of the comments that It's not going to generate you a profit, If I am correct though NEO generates GAS and there might be a solution to your loss there.
Though I don't think that your 79 NEO will generate enough GAS for you to recover the losses quickly.

I would like to add though that the whole china bans ICO's and exchanges thing might not be something for the long term.
And that Korea is in a positive stimulans towards the crypto scene. I don't actually get why China doesn't aswell because they could potentially shift the economic balance but they also risk losing their grip trough that.

NEO market may be very difficult to recover for a long time. I think you should sell NEO to invest in another potential altcoin, which will help you preserve your capital or you can invest in ICO projects as it may help you earn profit.

ICO ban in China is temporary so NEO should recover. I would hold and wait

Unless you're losing money by selling your neo now I would dump it. Put your money into something that has a chance of going up sooner and then buy back into neo when it's closer to a pump.

Bids in the order book of Bittrex have been exponential at 460k for several days. If price drops its gonna stop there and bounce back up like basketball.

NEO is dumping hard... I'm down like $1k so far unfortunately. I do not want to sell and lose, but I also am worried it will keep dumping. This is a crazy tough situation for NEO holders who bought high,

@all NEO investors...

keep cool and be patient
hodl this great coin and you will see thats is the best decision

I will hold my neo for long time!

There is only one thing i´m angry about: if i would have bought all the coins now, i would have much more ;)

neo checklist:

have a good working coin with a future task and a market: check

a smart coinname: check

the pr for the launch: check

a big fantastic launch: check

big rumors and destabilize the market: check

getting number one: work on it ;)

Coin has went up a bit, still not close to the $30 mark unfortunately.

How long you can hold? 2400 is a problem for some people. If you can hold. Just hold. It will recover maybe in 1, 2 year

I think you should still holding your Neo coin till we begin to see what will happen in near future. Neo is a Chinese coin and China government just last two weeks banns the activities of ico project. Neo has not dropped significantly and I do expect that the banned will be a temporary one and one needs not to sell all your coins without any concrete reason that neo will not raise again.

Neo, like all other crypto market coins, are double-stranded to Bitcoin. As long as bitcoin has trouble and drops its price, all the other coins will drop in price.
But when bitcoin starts to rise again, NEO and other Chinese coins will grow so much.

Imho: Neo will remain firm until the upcoming CHINA elections next October.

Its on its way back up.

Im not holding any now but am looking for the breakout sign.

Its going to see at least 30 again soon

Wait one more year and you'll have 8.000$ worth of NEO when prices go past 100$/coin

can't all the morons predicting a chinese bounce read? china is over for good.

the only chance this coin has is if it gains a significant following outside china. i don't know enough about that but unless it pivots away from the chinese market then it's dead meat.

the fact that it's on bittrex and elsewhere is a good sign but if i owned some now i'd wait for a pump that got close to my buy in and sell and walk away. there are other coins with more certain futures.

there's risks and then there's holding a coin that's had a stupidly huge pump just before its largest market dies.

If you truly think china will permanently ban cryptocoins, you're uninformed to say the least. Remember, there used to be a ban on alcohol in the US until they figured out they could make billions from it. China isn't stupid, they're just being cautious right now.

they themselves have said they can't ban it.

they can ban access to exchanges and blockchains with their firewall.

of course crypto will survive there but the markets will be totally crippled. you can't have a pump without a centralised exchange. there will be none in china and no chinese person will be able to access foreign ones without jumping through hoops that are being closed every day.

tor doesn't work there. vpns are being clamped down on.

as neo is on western exchanges it'll still be able to pump. i'd get out when it does and shop elsewhere but that's just my opinion.

china is a country that actually closes its whole stock exchange when it heats up too much. anyone who believes they'll continue to tacitly endorse bitcoin, let alone ico stuff, needs to buy the bridge i'm selling.

NEO was not so bad during recent China news dumps. Price bounce from support lines. That's good. You can also use NEO for buying RedPulse tokens on ICO. So hodl is best advise  ;)

just keep track of China ann, if there is anything serious goes up, make your decision. Otherwise, its holding well in the midst of chaos for china coins now.

It was quite stable in the latest dump times. I think it will bounce back to 30 soon. But keep a look at the latest news on neo reddit usw. and decide for yourself

In relation to the Chinese coin, NEO will all depend on how quickly the Chinese government will conduct its announced measures to clean ICO of elements of fraud, increase security for investors, etc. If this is completed safely, we can expect an increase in confidence in NEO and a significant increase his course. However, this does not seem to happen quickly. News on this matter should be expected in November-December this year. So you need to be patient. I would not advise you to discard this coin.

I think hold it is the best way you can do now.
$30.7 doesn't sounds bad,think about it that the top is $48.
Take you time,NEO will raise up again.

Hi Adam, Neo gets its value primarily as a platform for launching ICOs. It will be at least a couple of months before China gets back on the bandwagon - and brings about regulations for ICOs. I'm sure they won't abandon / ban ICOs and exchange trading for long or they'll get left out or drive their citizens to putting money outside the country - that's the strength of p2p, but the situation right now isn't good for Neo. The reason it has stuck at 20$ value right now is that there's a lot of 'speculators faith' on Neo, and no real value as I see it. Unless there are other ICOs that would prefer to launch on Neo's platform rather than Ethereum (no signs of this however) don't expect much.

I would suggest if you find a good potential alternate buy then liquidate your Neo for now, so at least that will grow in value.  Or if you are willing to hodl for long, do it, but there will be long term uncertainty here - so be aware of this if you take this call.

Thanks for the lovely answers. I may hodl my coins for this week, but if no increases come our way, I may divest my coins from NEO and invest in something else that has potential to make some of my money back.

Charts are looking good for a take of this week. We broke the trend and currently in 'buy zone'

https://www.tradingview.com/chart/NEOBTC/IZ4e8ngY-NEO-out-of-the-flag-pattern-bullish-move-coming/

Right now NEO is very low price and many investors are keeping this altcoin for future purposes. I am sure when BTC price stabilization NEO will continue to go to the moon and we will see the development of this market.

20$ is it low for NEO??
AS far i know neo is so called  chinese Ethereum. 
Im also here for get some advice.

It's called that but I don't really know why other than the fact they both can do smart contracts and both are good for funding ICO's.
I however believe 20$ is too low, and it can reach 100$ without a problem within 6 months. I believe that because ICO's will keep happening, whether the Chinese like it or not. Sooner or later they'll come around, regulate the ICO's, and use NEO again for the funding; this will bring NEO's price up back to the ATH (+-48$). Once it breaches the resistance, it'll go up really quickly to 60$. Hopefully by then we'll get an update on NEO Quantum, which will catapult prices up to the triple digits

Ath was 58$

I bought neo when the price is 0.008 btc and now the price is 0.004 btc, sad is not it? I will be forced to sell it today for my life needs but in my heart I am sure neo will rise to its normal price again.

Wow. Thats sad.

That's too bad man, hope you'll be able to buy them back once you have some money to spare

Surely i got the same feeling to get out for some time but i dont dare to do it. Once the news hit it will shoot to the moon. Andbu will see once i sell the price will shoot.

This is a 3 figure coin. Patience will be rewarded big time. My 1 time chance for  a million bucks.


Hodl as long as it takes.

I thought it was 48, but you could be right

Man do not be discoureage offcourse it will bounce back just have patience. It will go far beyond 30, when? Well depends on several factors. But blockchain is unstoppable and Chine will have to accepted it. It is better NEO the other chain for them, at least they can have insight with NEO, IMO

I see now that the price is around 20 bucks, so I hope you have sold last week. If not, being an alt with significant hype, there is a chance to recover, but the risk of holding it continues to be high, since it seems that Bitcoin will continue to go up.

Once China clarifies the ICO issue and the market has stabilized, then NEO will be able to grow again and surely surpass its old Ath and will go much but much higher.
Let us not forget which market operates and what the Chinese are nationalists.
When finish the first ICO on NEO, Red Pulse, there will be a run of a thousand other companies that will turn on its platform and the price will rise to the stars.

im sold my neo at $14
i think they need a lot of work to do if they want to bounce back to $40,because china gov seems want to ban crypto very hard
sorry for my poor english

Red Pulse ICO has been confirmed for 8 Oct (https://www.reddit.com/r/NEO/comments/712pmx/red_pulse_ico_confirmed_great_news_for_neo/) - may not be enough for the 40$ target but that should give a good boost already

Wow .. lowest possible point. Hope u bought lower or else.. u deserve it.

Either you sold months ago, or you sold at the support line. Not to worry, it's probably going to go down back to 15-16 so you can buy back then

Red Pulse is coming out Oct 8. There is a reason this has been held down in price and whales have been accumulating along with the Chinese banks. HOLD!

They also just announced that china wont be banning miners. I think that is great news for the industry. Also I think it is a great time to invest. China bans a lot of things. It doesn't mean people will listen. ;)

Once government regulate crypto and ICO, they will probably favor one platform over the other
Its a gamble for this. Either NEO or QTUM. NEO price had a great run https://www.coingecko.com/en/price_charts/neo/usd
Likely because of the coverage it got; but taper off. https://www.coingecko.com/en/price_charts/qtum/usd looks like it has potential too
it just launched, projects are coming in

Both can definitely run side by side, no need to choose. If they had to choose they'd go for NEO imo

yaps i sold it at the lowest point on this month maybe
yeah i bought it when it under $10 before first august
but i still waiting any good news from china,when it announce NEO will be back on bussines  ;D

Patience is 2 years if you sold that you would be like wtf I had that much money?

Key word HAD.  Why not just have.  ;)