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I decided to sell all my NEO for Qtum since its based in Singapore and it China Regulations won't have any effect on them

It's worth swapping NEO for anything at the moment. Crazy price drop today.
But I think the Chinese ICO stuff is a bit of a scare story. A bit of regulation on ICOs can only be beneficial in the long run.

i didnt expect that at all
I had to sell NEO at 52 LOL
anyway I think Qtum much better choice than NEO

It seems the MAS singapore already taken an awareness from the chinese country, you can read some word on the latest news that already provided that news. I can say it can be a good choice rather than keep your asset in the neo. I think neo should be die.

Can someone please explain what I am missing? As far as I understand the changes apply to all new ICOs of which NEO is not one and second to that it seems as if ICOs will only be banned for a period until more stringent regulation and controls are in place? Given NEO has already completed the ICO stage, it will surely benefit from a better regulated market in the future?

There are ICOs on NEO, such as RedPulse. This is why it can impact NEO price.

It can't have impact anymore on NEO. China took decissions restricting ICO in their territory. This will start a dump on neo prices. Honestly, its price was pumped hard, this dump is usual and expected.

when the unrest is over, neo becomes stronger as before . the scam ico will be less and that will have a positive effect
I think it is good that is more tested because many people have already lost a lot of money .
the course will be stepped again. I bought today far under 20 again

Neo was expected to become an ICO platform, just like ethereum, but for the chinese market. So this ban is a dead sentence in short term. In long term I think will be good, just like happened with bitcoin (now regulated in China).

Ahh I see, thank you for the explanation. I did not know very much about NEO and that was where the issue was. Thank you for clearing it up for me! I agree that in the long term it should be good.

I actually will not swap NEO at all. I made a very nice profit already on NEO and am nowhere near my buy-in price, so I don't really see the need. I've learned from panic selling in the past, so I'll hold.

Besides, I believe it will bounce back once regulation is in place, so I'll even buy more when the price hits the floor.

https://www.reddit.com/r/NEO/comments/6y0z6d/da_hongfei_response_on_twitter/

Twiter response, he is quite happy with smilies... maybe the announcement comes and NEO is the certified ICO regulator in CHina seeing as NEO works with goverment on projects... well their founders.

After that, no I'm not going to China to invest in the project.

Kinda glad I did not get in earlier, even though it will probably recover once the dust from China settles. Scary story indeed, but there is too much at stake to let it fail now. 2018 is the latest we'll see a return to last week's prices so in fact now is a good time to buy. But in small amounts, just in case! QTUM ready to take the place of NEO?

China doesn't control all the money. Everything is going to be fine, just another bump in the long, swerving, bumpy road that is cryptos.

but as you know usually gov and banks take months or year maybe to regulate things or to lift their ban
so for now the only safe bet is either ethereum or Qtum since both of them are not based in China
people before the conference of Qtum on 13th I think they will dumb NEO for Qtum.

maybe there are better choices I am not aware of

Response from NEO team-mate... how official does the report get?

https://i.redd.it/g6qsc003xvjz.jpg

Does he know much more than he tells? Looking at his casual smiley and response I suspect optimism... maybe NEO becomes certified China platform for all ICOs?

cmon stop this drama its been month we are talking about neo breakout and neo news bla bla bla
if they knew about the ban they would warn investors so this panic sell wont happen
ofc he is happy he didnt lose anything.

no way!

Sometimes, I find it disheartening that ICO or rather project admins take the worries and concerns of their investors and supporters so lightly. And for some project that claims to have many ties, this news should have reached them first, and then informed to people. But yes, what a casual response. You think this is optimism? Some might see it as arrogance leading to downfall.

Neo has backing of Chinese government.

The Chinese government have banned icos while legislation is put in place.

you guys will be burned if you sell NEO. its one of the most valuable token these days. it will be worth more than what ETH is in time.  i imagine fud to rise for  people sell their NEOs, but this is going to be a trap for you. it ain't going nowhere but up. it may dip even to the last half of its price but it will eventually rise since it already matured.