how does the news related to china affect NEO

[mast3rm1nd]

so if we assume that bad news have a correlation with price dips; shouldn't neo be the altcoin that suffers the most? do you guys think that the coin has a future beyond china? even in the case of "china banning cryptocurrencies"

[pereira4]

so if we assume that bad news have a correlation with price dips; shouldn't neo be the altcoin that suffers the most? do you guys think that the coin has a future beyond china? even in the case of "china banning cryptocurrencies"

https://coinmarketcap.com/currencies/neo/

The price is holding on that $20 range but the news are obviously bad for a coin that's pretty much a niche coin that pretends to be the so called "Chinese Ethereum". What's the value proposition of a Chinese Ethereum if the Chinese government is being so hostile against all things crypto?

If I was on a profit or just flat, or even with small loses, I would sell to be honest. It's too much risk to hold a coin that's Chinese while China is a turmoil when it comes to cryptocurrency at the moment.

[pedjo99]

We must agree that NEO has strong support from China. I remember there was official tweet on NEO twiter acc, that they cooperate with Chinese government. Later that day they erased it. So I suppose there are lot's of thing under the blanket, which we are not allowed to know yet. Most of us who missed Ethereum train, hope that this was all planed before, so NEO could have clear and law-suited path for future adoption.