| NEO Smart Economy⚡Now a Top 10 Cryptocurrency⚡| Official Thread |Updated Aug10

[chongo]

hey guys whats the best and fastest wallet for neo?
is there something like myetherwallet for neo

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[Raja_MBZ]

Maybe the best time to buy?

I'm buying 1 BTC worth of NEO right away. Seems like it can't offer any better rate.

It dipped below 30 for a short period of time so yes, you aren't way off here....

Bought them at 0.0066 BTC that time, few hours back... now its 0.0061, I'm hoping the patience would pay off.

It seems extremely under-valued right now. A huge buy wall though, let's see if they can offer more for it.

[PeterPalmBeach]

NEO and TenX are on the same boat and I see NEO at 500K before taking off

[fudubond]

i really dont get why people are panicking and selling. With the redpulse ico coming, the price of NEO is just bound to go up right?

Its just common sense, i dont get why many people dont see this, or maybe im just too smart...

[MrSunshine]

i really dont get why people are panicking and selling. With the redpulse ico coming, the price of NEO is just bound to go up right?

Its just common sense, i dont get why many people dont see this, or maybe im just too smart...

Right, I would give it a little time for the recent FUD to digest, then we should head higher.

[hous26]

i really dont get why people are panicking and selling. With the redpulse ico coming, the price of NEO is just bound to go up right?

Its just common sense, i dont get why many people dont see this, or maybe im just too smart...

Sometimes good news is already built into the price.  Other times the markets are more reactionary and will suddenly boom AFTER the speculators can taste success; see Litecoin lightning network.

[eddiies]

i really dont get why people are panicking and selling. With the redpulse ico coming, the price of NEO is just bound to go up right?

Its just common sense, i dont get why many people dont see this, or maybe im just too smart...

Right, I would give it a little time for the recent FUD to digest, then we should head higher.

i also think the price should up.so we need wait some time patiently.the value of the neo will show for us.

[Ashara]

hey guys whats the best and fastest wallet for neo?
is there something like myetherwallet for neo

What the best wallet is all depends on preferences. At this point there does not seem to be a wallet that is the fastest and the most secure simultaneously. The Neon wallet from CoZ seems to be fast and reliable (better than the web based wallets I believe), but for higher security a desktop wallet or paper wallet would be preferable. I believe there is also another good wallet currently in development along with a hardware wallet.

[BuHoBeH]

neo will only grow in price, thereafter there will be more ICO on NEO.

[Rogerdale]

Looks like another big hit on NEO:

https://www.coindesk.com/report-chinas-regulators-close-taking-action-icos/

Chinese regulator says that only 1% of ICOs is legitimate, and more than 90% are scam.

[BuHoBeH]

Looks like another big hit on NEO:

https://www.coindesk.com/report-chinas-regulators-close-taking-action-icos/

Chinese regulator says that only 1% of ICOs is legitimate, and more than 90% are scam.

And how does it harm NEO? It's just that NEOs will be held by ICOs that do not violate laws and will not steal.

[percocet]

Looks like another big hit on NEO:

https://www.coindesk.com/report-chinas-regulators-close-taking-action-icos/

Chinese regulator says that only 1% of ICOs is legitimate, and more than 90% are scam.

You are completely wrong, this is a big POSITIVE for NEO. NEO has anti-money laundering and know your customer built in - they are not targetting scam ICOs, they want to attract the 1% of legitimate ones.

NEO will only have the best of the best while ETH will continue to be the shit ICO machine that it is.

[Rogerdale]

Looks like another big hit on NEO:

https://www.coindesk.com/report-chinas-regulators-close-taking-action-icos/

Chinese regulator says that only 1% of ICOs is legitimate, and more than 90% are scam.

You are completely wrong, this is a big POSITIVE for NEO. NEO has anti-money laundering and know your customer built in - they are not targetting scam ICOs, they want to attract the 1% of legitimate ones.

NEO will only have the best of the best while ETH will continue to be the shit ICO machine that it is.

1% of ICOs is maybe one ICO in 2 months. It cannot support 2 billion market cap.

[cryptocaper]

Can someone please help with a problem i have. I sent from my Neon wallet to Bittrex Exchange 40 Neo tokens, but by mistake sent them to Neoscoin Address. Is there any way to retrieve them or are they lost forever. Any insight would be greatly appreciated.

[muleroaa]

Looks like another big hit on NEO:

https://www.coindesk.com/report-chinas-regulators-close-taking-action-icos/

Chinese regulator says that only 1% of ICOs is legitimate, and more than 90% are scam.

No, it looks like NEO is the perfect platform for regulating ICO's for Chinese participants.

https://cointelegraph.com/news/neo-to-benefit-from-chinese-ico-regulations

[cygan]

I hope that neo also rise soon as eth a few months ago.
I personally would be happy 

[Ashara]

Looks like another big hit on NEO:

https://www.coindesk.com/report-chinas-regulators-close-taking-action-icos/

Chinese regulator says that only 1% of ICOs is legitimate, and more than 90% are scam.

You are completely wrong, this is a big POSITIVE for NEO. NEO has anti-money laundering and know your customer built in - they are not targetting scam ICOs, they want to attract the 1% of legitimate ones.

NEO will only have the best of the best while ETH will continue to be the shit ICO machine that it is.

1% of ICOs is maybe one ICO in 2 months. It cannot support 2 billion market cap.

That increases the market cap instead of decreases it. You can always buy the Useless Ethereum Token if you have a problem with ensuring investor safety in all things that involve NEO. This will only give investors confidence that none of their invested money is being squandered. There is no point in giving various ICOs $100 million dollars or more when they needed $10 million at most to develop the entire concept. All this ensures is that every dollar invested works optimally to the benefit of investors. I have enough confidence in the NEO developer community across the world to provide all kinds of valuable smart contract dAPPs. Most people do not realise it, but we are still in the earliest stages of smart contracts with only the very simplest of them being applied so far. Their real value is yet to show itself and that will happen. People who actually study the work of Nick Szabo will see how much more the smart economy can be developed. Ethereum took various huge hits such as when the DAO hack and subsequent Ethereum Classic hardfork took place, when the network could not handle all the ICOs on the network due to its initial PoW choices and when there was the flash crash. None of this added confidence and the various ICO scams who all get accepted without any due diligence also lower confidence in that platform. It is also about respectability to all involved in a certain platform. NEO thinks more longterm than most competitors and of course in the short term that might appear detrimental, but in the long run that is extremely beneficial.

Also take note of how you apply your math. It is stated that 90% are scams which implies 10% are legitimate. Of those 10% however only 1% actually raise the correct amount of funds to conduct their business (not excessive). The other 9% prefers to raise far more funds than they could justify and whilst they are not outright scams, the authorities do not like to see this behaviour. If I have to think of an example of this, I think of EOS. It raised an incredible amount and it really cannot justify it. Such excesses are not necessary. Even Berkshire Hathaway has a most modest website....it shows that even if your company is still valued more than all cryptocurrencies together that you do not need to excessively squander funds.

So the authorities intend to block the 90% of the scams which leaves 10%. You have to keep in mind that blockchain technology is developing very fast and more and more people seek to add value in this sector. Once regulation is in place, most scammers will not even try. In their place legitimate entrepreneurs will come. I thus do not see the number of ICOs decreasing. When given time, the number of legitimate ICOs might actually surpass the total number of ICOs we see at the present. There are about a 1000 cryptos out there currently. Most of them have very small teams and they do not need very large teams. In case every ICO team would have 20 members, then it still would amount to only 20,000 people which is not vast for a truly large industry. Of course the largest cryptos in practice can have teams numbering thousands of people, but for most that is not the case. In the future we might actually see millions of people employed in blockchain technology.

[BuHoBeH]

If you want to participate in the first ICO on NEO, you need to register on the Red Pulse RPX KYC whitelist before Sept 10. https://coin.red-pulse.com/kyc/

[MairaObergh]

neo has a little dip, after 5 sept it will gonna rise again

Why? What's going to happen on September 5?

Well I don't know what's happening on September 5th, but on September 10th the Red Pulse Token (RPX) ICO is starting and it is only accepting NEO; this will mean that those wishing to participate in the ICO will either have to already have NEO and/or, and this is more likely, will have to buy NEO to participate in the ICO. This will result in a boost in the price of NEO as everyone rushes to buy NEO for the RPX ICO, and as NEO is in a bit of a dip at the moment this is a great time to buy - I've stocked up on some more for the RPX ICO.

RPX ICO Web site:
https://coin.red-pulse.com/

Will be interesting to see how this goes. I sold my Neos very cheaply

At least I got a good amount for my Gas. (I'm sure a lot of people are in my boat since they never gave any thought to the Gas)

[dirruk]

how many neo do you have to to get some decent gas production atm i have 36 it produced 0.05 gas in 4 days can i assume 36x20=720x4=2880=1 gas a day? i am not a einstein