Antshares/ NEO [NEO]

[JeremyB]

Next month, NEO will reach at least $60 for sure.

After 19th sept.....

East Asia’s “Ghost Month” Scare May Explain Flat Trading in Certain Altcoins

The digital currencies NEO, OmiseGo and TenX are experiencing slight or no movement during trading as of late August 2017 when compared to previous weeks or months. Such a situation is believed to be due to the start of the “Ghost Month” in countries where most of these cryptocurrencies are headquartered and whose investors are mainly based.

In 2017, the Ghost Month runs from Aug. 22 to Sept. 19. The countries which have a “ghost month” include China, which is the base of NEO, Japan, which is the home nation of OmiseGo, and Singapore, which is the headquarters of TenX. People in these countries have a belief that it is a particularly bad time to invest in anything during the month.

Annually, traders in the stock market in these countries take extreme precaution when it comes to their investments during the month of August, as it is typically the ‘worst’ month, CNBC reports.

"In fact, many stock market traders are also advised not to invest into anything with their money during this month as it is considered bad luck."

Hungry ghost
Based on traditions in China, particularly amongst Buddhists and Taoists, the Festival of the Hungry Ghost happens during the 7th month of the year.

During the event, it is believed that the gates of hell are opened and the spirits living there go out and roam the earth.

According to superstition, everyone should focus on celebrating or honoring the spirits that are visiting the earth during this time.

"Coincidentally, most cryptocurrencies with heavy investors are mainly from Asia, and the trading performances of the three digital currencies are generally flat, with the situation is expected to continue until the “Ghost Month” passes."

A slow month does not necessarily equate to a stock or a cryptocurrency’s intrinsic value. In fact, many long term holders may take advantage of such a situation to slowly accumulate while prices are down.



https://cointelegraph.com/news/east-asias-ghost-month-scare-may-explain-flat-trading-in-certain-altcoins

Thanks for this article, it is very informative.
Weird that some ICO (Red Pulse) will take place in this period, don't you think?

[1714907850]

1714907850

[Knepala]

Next month, NEO will reach at least $60 for sure.

After 19th sept.....

East Asia’s “Ghost Month” Scare May Explain Flat Trading in Certain Altcoins

The digital currencies NEO, OmiseGo and TenX are experiencing slight or no movement during trading as of late August 2017 when compared to previous weeks or months. Such a situation is believed to be due to the start of the “Ghost Month” in countries where most of these cryptocurrencies are headquartered and whose investors are mainly based.

In 2017, the Ghost Month runs from Aug. 22 to Sept. 19. The countries which have a “ghost month” include China, which is the base of NEO, Japan, which is the home nation of OmiseGo, and Singapore, which is the headquarters of TenX. People in these countries have a belief that it is a particularly bad time to invest in anything during the month.

Annually, traders in the stock market in these countries take extreme precaution when it comes to their investments during the month of August, as it is typically the ‘worst’ month, CNBC reports.

"In fact, many stock market traders are also advised not to invest into anything with their money during this month as it is considered bad luck."

Hungry ghost
Based on traditions in China, particularly amongst Buddhists and Taoists, the Festival of the Hungry Ghost happens during the 7th month of the year.

During the event, it is believed that the gates of hell are opened and the spirits living there go out and roam the earth.

According to superstition, everyone should focus on celebrating or honoring the spirits that are visiting the earth during this time.

"Coincidentally, most cryptocurrencies with heavy investors are mainly from Asia, and the trading performances of the three digital currencies are generally flat, with the situation is expected to continue until the “Ghost Month” passes."

A slow month does not necessarily equate to a stock or a cryptocurrency’s intrinsic value. In fact, many long term holders may take advantage of such a situation to slowly accumulate while prices are down.



https://cointelegraph.com/news/east-asias-ghost-month-scare-may-explain-flat-trading-in-certain-altcoins

Thanks for this article, it is very informative.
Weird that some ICO (Red Pulse) will take place in this period, don't you think?

That was exactly my thought. Since they are based in China, you'd think they choose a date a little earlier or later to start their ICO.

[MiBambino]

Next month, NEO will reach at least $60 for sure.

After 19th sept.....

East Asia’s “Ghost Month” Scare May Explain Flat Trading in Certain Altcoins

The digital currencies NEO, OmiseGo and TenX are experiencing slight or no movement during trading as of late August 2017 when compared to previous weeks or months. Such a situation is believed to be due to the start of the “Ghost Month” in countries where most of these cryptocurrencies are headquartered and whose investors are mainly based.

In 2017, the Ghost Month runs from Aug. 22 to Sept. 19. The countries which have a “ghost month” include China, which is the base of NEO, Japan, which is the home nation of OmiseGo, and Singapore, which is the headquarters of TenX. People in these countries have a belief that it is a particularly bad time to invest in anything during the month.

Annually, traders in the stock market in these countries take extreme precaution when it comes to their investments during the month of August, as it is typically the ‘worst’ month, CNBC reports.

"In fact, many stock market traders are also advised not to invest into anything with their money during this month as it is considered bad luck."

Hungry ghost
Based on traditions in China, particularly amongst Buddhists and Taoists, the Festival of the Hungry Ghost happens during the 7th month of the year.

During the event, it is believed that the gates of hell are opened and the spirits living there go out and roam the earth.

According to superstition, everyone should focus on celebrating or honoring the spirits that are visiting the earth during this time.

"Coincidentally, most cryptocurrencies with heavy investors are mainly from Asia, and the trading performances of the three digital currencies are generally flat, with the situation is expected to continue until the “Ghost Month” passes."

A slow month does not necessarily equate to a stock or a cryptocurrency’s intrinsic value. In fact, many long term holders may take advantage of such a situation to slowly accumulate while prices are down.



https://cointelegraph.com/news/east-asias-ghost-month-scare-may-explain-flat-trading-in-certain-altcoins

Thanks for this article, it is very informative.
Weird that some ICO (Red Pulse) will take place in this period, don't you think?

That was exactly my thought. Since they are based in China, you'd think they choose a date a little earlier or later to start their ICO.

Their ICO is basically a lottery, so chances are a lot of participants will be western.

[artmen007]

I wonder if NEO will be able to compete with ETHERIUM. by the end of the year $ 500 1 token. The Chinese can do it

[superplus]

I wonder if NEO will be able to compete with ETHERIUM. by the end of the year $ 500 1 token. The Chinese can do it

still too far to reach 500 $ for now 100 $ was already good, hopefully the end of the month can be 100 $

[burdeN]

I wonder if NEO will be able to compete with ETHERIUM. by the end of the year $ 500 1 token. The Chinese can do it

still too far to reach 500 $ for now 100 $ was already good, hopefully the end of the month can be 100 $

which month? September?

[nydiacaskey01]

I wonder if NEO will be able to compete with ETHERIUM. by the end of the year $ 500 1 token. The Chinese can do it

still too far to reach 500 $ for now 100 $ was already good, hopefully the end of the month can be 100 $

which month? September?

There will be some movements after the ghost month that is being observed in countries like China and Singapore. There are some pumps that happens from time to time with NEO but its not that huge enough to make a big impact, maybe some whales are just trying to keep the price at a level they want it to be so that it will not drop significantly.

[faaty]

do you think neo will keep rising considering there is qtum waiting just out there? there will be more chinese projecs competing neo, right after seeing neo's success. I am ecpecting a sideways corelation like ethereum in neo for a long time.

[wasif11]

GAS/BTC or ETH gone from Binance?
I wanted to trade some gas for neo on Binance just now but am unable to find a trading pair for gas.
Anyone else experiencing this issue?
Operator problem is a possibility.

[burdeN]

wow, bad news for NEO. China suspends their ICO

[pops87]

wow, bad news for NEO. China suspends their ICO

That explains the dip  
Going down soooo fastttt shhhhhiiiieettttt

[Werko]

wow, bad news for NEO. China suspends their ICO

I can't find any source about that. Can you post your source?

[xenomorphe1]

Do you have any source? That's explain why NEO is dipping... 

[Cowgummi]

https://twitter.com/WhalePanda/status/902477404916068352

[Kenny001]

Nice entry point, loaded up my stash more at 31$ and 28$.

Fud news

[Dikobit]

bloodbath and end of neo? wow i didn't expect this hell

[Kenny001]

bloodbath and end of neo? wow i didn't expect this hell

Buy when others are in fear..

[wasif11]

Funny how this is released just before the beginning of September... coincidence or somebody driving the price down.
First drop was a few dollars..
weak hands will handover their Neo and it will be bought up cheap.. Too coincidental for me! HODL!

[siddartha1492]

Wow, this seems a good opportunity to buy NEO. I will probably wait some more time for the news to spread and the prices go even more down!;)

[Dikobit]

i understand but i think it will be near impossible to have icos in china, so neo will take a huge hit, how can compete with eth?