Bitcoin Forum

What happened to NEO?

Is this the beginning of crash?

After breaking and creating a new high it suddenly falls into the floor how bad. There is no signs of recovery

It went up on rumors so it was expected.

I recently read an article of one guy on reddit that is mentioned by NEO itself, and he says that NEO is full of problems that could be hardly solved. They are centralized, they are not active on GitHub, they have fishy projects on their blockchain.

I'm not investing, cause it really looks weird.

Because that was a fake news and not a real news from the china's government. at least that was giving a bull trap for every one. Those taking a lot of profit from the neo pump and another person were losing a lot on it. How the people in these days are believing about the fake news from the unreliable site.

I think NEO has a good chance in the future, but I do not see if it will make it into the top position (best coin value). I think NEO can throw in a little more.

Neo not crash, some weak hand trader sell their Neo to buy Bitcoin for some reason and it soon go to moon. I will buy more Neo now  ;)

Fake news got it pumped, I sold my Neo a bit too early but I can't complain. Profit = profit
Now just sit back and buy Neo at a lower price. A lot of alts have been pumping these two days and it seems the correction is coming. I almost feel sorry for the people who bought NEO at 42 dollars.

Buy the Rumor and sell the news. The price went up on a false rumor after sitting at 30 for a long time. I sold at 40 and will rebuy in the 20's. Same old song and dance.

NEO just teased some upcoming news the other day & hype went into overdrive about what it could be, to the point that when the news finally hit (announcement of a dev competition co-organized between NEO & Microsoft) people were pissed & felt lied to because they bought into the hype. This mornings 'crash' was just those who bought into the hype overreacting & selling off. The price already seems to be recovering a little & the long term prospects for NEO are still extremely bullish.

Honestly do not think NEO's price will be mooning anytime soon unless we get some good news from regulators.

This "crash" was caused by overhyped news. Same thing happened a while back with a similar announcement which led to nothing significant.

It was a buy the rumour sell the news pump, but I don't doubt NEO will continue to grow in the future.

really it is,another publicity for Neo so many users will be trapped and another victims of fake news is born.hope this will serve another lesson to the greed who always believe for quick income.lets remember that the profit must be earn by hard work.not just in a glimpse on an eye you will become richer.

Well, there were rumours about neo and microsoft attachment.. i m not sure if they r true or false but there were these news and i think they caused it to jump high and then the bubble bursted and neo crashed.

I always tell people that the difference between those making profit and loss in this space is application of knowledge, crypto is one of the best asset that feed most on rumour and you can be making a kill on trading it

whenever an altcoin price rises too fast and it reaches a much higher price compared to its previous (starting) price that means you should be expecting a dump pretty soon after the pump has ended. the higher it goes the harder it will fall because it will be a lot more tokens in hands of panic sellers who will dump on a thin market that will crash the price.

that is exactly what starts to happen to NEO. it was pumped and now the pump is coming to an end and market starts correcting itself pretty soon with big dumps beginning.
although sometimes there is a small trace-back when price goes down a little from a dump before continuing to get pumped but this doesn't see like one for NEO.

https://storeofvalue.github.io/posts/major-neo-redflags/
The following facts about neo make you think seriously about the significance of the project. I am the holder of Neo and I am concerned about these facts. I honestly do not understand how the neo's capitalization is higher than the Waves, while on neo only 1 ICO is done.

NEO was centralised to begin with.
That's what gave hope to the fact that it might be used by Chinese govt. Because anything used by Chinese govt will have to be centralised.

Chinese fake news affected neo price. Wise investors understood this and they took their chance to wait and dump right after. I think they are happily celebrating now with money they just made out of thin air.

This can bring price of NEO back to under $20 or anywhere between $20 to $25. I used to hold significant amount of NEO before but I have heard all of this concerns in past too. I have zero NEO right now and I am not willing to hold any of them in future too.

Sure NEO is wild speculation.
But considering rest of the projects in the mix , they are ok i guess.
If they find good manager to push some tech in proper direction, may be good value.
If not they are still very high volume, that alone can support the whole deal.
Ill hold my coins for now. Lending on bitfinex is good. So what the hell.

Again, these things are consequeses of information-based manipulation and speculation; that's how a lot of things are done in alts-world

Just when we all thought NEO was recovering finally. Another disappointment on the miserable journey of NEO for me. Lost 2btc worth on this so far. How i curse the day i decided to invest all on neo.

well those who anticipated the fake news about Neo are the one who benefits and those who doesn't mind to check first are now being trapped, its crypto I guess
no one can say what can happen tomorrow who knows that its just another whale dive to accumulate more Neo from their bag hold.

These are all rumors, China on the contrary decided to look at this coin from the other side. And if he attracted them, you can say that soon the coin will be raised, perhaps even to its historic maximum.

Why do you say "there is no signs of recovery"? This is crypto, did you forget? Things can change morning to afternoon.

Neo is a good promising coin and the one which will lead the altcoin rise. Nobody knows when altcoins will moon again, but it will be soon not later than summer 2018

Only thing that must be resolved is the Chinese attitude against ICOs, and when will money goes into altcoin instead of bitcoin. I expect this will happen one bitcoin reaches 10k us dollars

Price back with more than 11% this is huge crash but i think it is correction after price increase fast last days

There were rumors of an announcement, which were spread by the NEO team itself.

Cooperation with the Chinese government, they said.

ICOs will be legal only on the NEO platform, they said.

Then no announcement materialized.

This is a "Buy the rumor, sell the (lack of) news" scenario.

so whats neo`s value again vs the other 800 alts. and vs the major players like btc, ltc, ether ??
none? ok then treat it as a gamble. not intrinsic value.

What I don't understand is why would a country which has a history of socializing their own businesses, suddenly come out and support an external third party business (such as NEO), in the area of all things that they love - currency! I mean.. where is the logic in believing this exactly?

Neo will be great coin and in November the are many events on it. So I keep just holding. The price have crashed down, because people think that NEO recieve governments support , but it is not true.

It does not surprise me so very much. Look at the other altcoins — during these last 2 days almost all cryptocurrencies started falling down. NEO is a good and stable coin, so it will get his place in the rating of all cryptocurrencies again.

The great news was promised within 3 days. However, nothing happened. News do not promise a breakthrough. I do not know, honestly, what was that? Ordinary rumors. From disappointment, everyone began to sell NEO. And the price fell. I was an optimist for NEO. But now I do not even know.

Others have given the reasons, just a pump and then fallback.
It is not a crash though, it is just dropping back to where it was before the pump. These sorts of price movements are quite common. It does not have an impact on long time value of the coin.

Events do not always raise the price. For example, NEM had many conferences in October, ICO and other events, but the price of NEM remained unchanged. NEO is a speculative tool, the project is already 2 years old, but only 1 ICO has appeared on it. But despite this, I trade NEO and I get well)))

Nope. NEO is a very promising currency, and many people do believe in it and ready to invest into this altcoin. I also try making exchanges and buying several NEO coins when I can do it. I think next year it will be a very strong currency.

But if this kind of news comes out people will start to invest. See the power ledger coin in some country all power related projects are started based on this coin, so the price is in now skyrocket. This news i saw in some article. And for me compare to NEO i believe in NEM i am holding some coins, and i will increase that number in future.

Neo collapse of the price is only temporary, any coin can not continue to rise, the middle will certainly have a price correction. So if you think neo is good, you can choose long-term holdings, a good market is coming there should be a good price. Personally think it should be able to reach 80usd it.