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I'm thinking about buying a chunk of NEO and just "forgetting" about it for a couple of years while earning GAS. Is the web wallet safe enough for this to hold? Of course I'm talking about storing private keys and passwords offline, etc... I'd probably barely log in.

The reason why I'm thinking web wallet over GUI wallet is... I'm not going to be paying attention to wallet upgrades or re-donloading the blockchain etc. Other than checking on the price of NEO I probably won't be too involved checking updates etc.

Comments, recommendations?

Thanks.

Why are you not using this wallet? https://github.com/CityOfZion/neon-wallet That already explained in the main site if that was the light version of the neon wallet

and you can try to download through this link https://github.com/CityOfZion/neon-wallet/releases

Use this one please. https://otcgo.cn/

It's official partner. Can be found on NEO official website also.

If you were going to do this then it's probably a good idea to actually download their wallet and run that on a completely isolated environment instead of having a web wallet. Web wallets are definitely not as secure as offline wallets.

You don't have to worry about downloading blockchain or wallet upgrades. I mean you're only going to access your funds after a set amount of time, so there is no point in syncing all the time. You just need to keep your wallet file safe.

NEO is a great coin, the price is stable and keeps going up, happy because I get a huge profit when invested a year ago, because when I bought December 2016 the price is only about $ 0.11 and now the price is more than $ 40. Thank dev.

Is it not late to buy this coin? I am interested in buying it too but afraid it would not rise since its already high., Can someone enlighten me of the future of the coin?

Invest in cryptocurrency always risky.
I hope that China will make amendments, and NEO will become official platform for ICO in china.
In the future the market should grow, so I think that is not a ceiling.

NEO is always cool coin for me.I bought 300 NEO when price was $20 i hold long term investment. Now something dump NEO but i hope after in this year start huge increase. NEO is bright future coin i think.

It went as high as $30 I think. But it faces a slump when the Chinese announcement banning of ICO but have soon recovered. I also have NEO but I'm holding it for long term that's why I seldom check the price of it. If you are saying that there is a dump, then probably I will buy more because I truly believed that it has bright future and could go even $50 or more once again. As to the OP, Yes, its a good catch if you are able to buy NEO during this dump and just hold on it for about 6 months to a 1 year and see how it goes for you.

I agree with you, I think NEO will soon fly to the moon, so I try to buy it as possible.

I have 500 NEO and hold it to 2018

Holy crap. The things you learn from randomly searching this forum.

I bought NEO a month ago just as a long term investment. I did not know you could earn GAS by staking NEO simply by holding it in a wallet. Quite sad bittrex doesn't award GAS tho. Did a quick google search and it seems that Binance is the one that credits free gas.

Anyway just wanted to say thanks as well. NEO to the moon guys.

I bought NEO and i am holding it for few years. Also I am hold GAS that is generated because i thing GAS will go up in the future.

Your plan looks completely stable to me. The more better thing is you are going to hold NEO which is fast better good coin than any other coin in the market currently.


Yes, go for the web wallet and I'm sure that will help you to forget about the coin and you will make it upto few years hold for sure. Just make sure you don't see any bad news about the coin while going through this journey of holding. That would be chaos if anything goes wrong with it often rather than single shot. For example there will be little drops in between and you can grab the opportunity to buy more and at cheaper rates. You can stop doing that until few months s that you can have good amount of holding. Nice plan go for it. And no GUI off course.

the thing that scares me about your plan is the price of NEO in the long run. a couple of months is such a long time for an altcoin, let alone a couple of years. waiting that long can even mean coming back to an empty pocket of some worthless tokens.

or the best case scenario is that NEO goes to the moon and comes back and you miss the chance to sell on top and take the profit

NEO is a coin of a solid project with a good team. The project team has delivered some nice tech, but for the long-term view I think more important is the situation in china. Neo is targeting the Chinese crypto community. If ICOs are forbidden in china, then I think it will be hard for Neo in the future....

If you're only looking to invest a couple of hundred dollars and just earning gas while holding for months (or years), then I'd say there are few worse wallets than the web wallet. It's secure enough, you have your own private keys. If the worst happens and the wallet dies, you can always resurrect it at another wallet. NEO would never allow that to happen anyway, unless NEO dies, in which case it's pointless for you to try keep your coins.

But if you're talking about a lot of money, I'd be safe and go for a wallet on your device.

I don't trust altcoins so I am not sure what to forget for a few years on them is a good strategy. The prices of altcoins is not very stable and so if you use them it is best to trade them on the stock exchange permanently. Thus you will get more profit and will always be protected from sudden fall in prices. The same tactics apply to bitcoin.

 It is good investment.

NEO is Good  and potential Project. Just see 1 year back NEO price history. NEO price grow 40 times just 1 year and it will be increase more and more day by day. So many people get profit for holding NEO and its gone long time.

So don't miss this chance if you miss bitcoin and ETH trend  then just hold NEO because  you can see that's trend again.

Thank you  

I'm not really informed about NEO but it seems to be a coin so don't they provide paper wallet creation?
Paper wallets are the best at holding cryptocurrencies for long term.
After generating the keys, put the paper in a safe or keep it in a shoebox under your bed.

This stuff drives me crazy...

Downloaded NEO GUI wallet.  Have a password, generated an address... where the hell are the private keys? 

If my laptop blows up... can I retrieve my account with password and address only?  Wouldn't I need private keys? 

Just right-click on your address and select "View Private Key". There you have it  ;)

The desktop wallet will be safer than web wallet for sure. Better go with desktop wallet especially if you are planning to hold for long term.

I think many of the good coins will rise considerably over the next few years. NEO I think is one of the good ones. You're right though that price is currently quite high relative to some other coins, so there may be better short-term options elsewhere.

Will check that out.  Thanks.

NEO is the Chinese version of ethereum. It has a good development with a solid community. I think it is good long term investment next to Bitcoin  and Ethereum.

I am in the same boat as op. Only I am still accumulating my stash. I already spend some time thinking about web wallet or desktop, and right now I am leaning towards web wallet. I like the way myetherwallet works. The ability to access it from anywhere and keep my private key absolutely safe from hackers/trojans/viruses on a paper wallet is great. Is there something similar available for NEO?

very good option for longterm. Chinese eth . Platform for ICOs. Good team, and community also. Sure buy.

I also bought neo for a long hold. I keep neo in a web wallet and I think it is quite safe, because my private keys are only on me.

I have some NEO and I hope i will get more. I believe it will rise in 2018. I am planning to hold them for long term.

Better make a paper wallet of it, you can't predict anything over the internet. The paper wallet is the safest method to store any coin. If they face any issue or get hack by any means then, this can cause you lose funds and at that time private key won't be able to help you. PaperWallet is best and not hard to make.

If you want to invest long term, you need to pay attention to the issues around it. Suppose offline wallets need to upgrade to the new version and they give investors time to move their coins to their new wallets. If you have invested, you need to follow it regularly to catch up with the latest information from the project, I mean technically from the project.

I don't think neo is good candidate for buy and forget coin. There are going to be lot of weird news around all the time as happens with all Asians coins. I love to buy it and I suggest to people to buy but I can't forget following it.

Neo's future really tights with the Chinese regulations. If there is positive news regarding regulation coming,  it will be interesting to see how NEO move, it might be a dominant player in China or it could be replaced by any other big player. Don't forget the BAT in China are not into this yet and when the regulations allow them to enter, I can't see how NEO can compete with these guys.

Will Neo ever be supported by Trezor of Ledger nano? this could solve the problem of long term holding.

The future seems bright for NEO which is tagged “Chinese Ethereum” and can be used for long time investment.The team is focused and will be around for a very long time. Investors are in love with it .NEO is up by over 350 % this month.

That's part of my point point... while I'll be paying attention to basic news surrounding NEO I'm not looking to have to constantly upgrade the GUI wallet... which is why I was thinking web wallet because the "maintenance" is less.

I am hodling NEO too. Hoping it reach ETH mcap one day.

Neo is also worth for long term holding and maybe we can see it will reach like eth map. But who knows, we couldn tell the value of Neo in the future but I believe it will rise high the price. Because I also hold Neo for long term.

That's a great idea of holding onto your NEO, I also wanted to get a hold of this coin but I still don't have enough budget for another altcoin yet but if I ever I have though, I will surely buy this coin and hold it for a couple of years.

A lot of people are holding their neo and try to staking their neo shares to get the more gas caused by the neo's emission itself. That worth to be the long term investment caused by that can generate the more gas for you.