NEO - The Ethereum of China (Invest before you regret)

[e-coinomist]

No, I will not buy the NEO right now since the price is crazy and I think there is huge bubble in it. Maybe I will consider to buy some when the price drop to $10 or less.

$10 or less??? Good luck with that... NEO is doing exactly what ETH did few months ago.

ETH exploded to $80-100 range from $15 and consolidated there for few days before it moonshot to $200-$400 range.


Unless Chinese Gov publicly issues a statement saying they'll ban NEO, I personally don't think it'll never crash below $10.


In that case I'll double my position at that price  

Good luck on doubling. I sincerely voice out doubts that any "replay" can happen, as in "the Mongolian Bitcoin" or "Antartic's DOGE". There is either original technology evolving, or it's merely a shadow of itself.
About originality.

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[sushimon]

So NEO reached an ATH of 50$ yesterday.
I've seen too many people dismiss this coin as a scam, however before investing in anything its necessary to do proper investigation.

The thing about being the "chinese Etherium" does have some sense, however it is also being used as a hype machine...

NEO is not just a ETH token like most ICOs are today, but it is a coin running in a custom blockchain similar to Etherium, thats the main reason many investors like me consider this a very important coin.
Their team basically created an alternative blockchain tech, based on the weak points of ETH, and improved on their ideas.

Here's some interesting points:

• NEO blockchain supports smart contracts like Etherium, however they are coded in C# instead of Solidity, meaning its easier to learn, as it does not require learning a custom language
• Instead of spending NEOs to run the smart contracts, you spend GAS that is generated by holding NEOs in your wallet. This basically incentives persons to not sell their NEOS, and it is a form of an inflation system.
• While talking about inflation, let's say that Etherium is basically unlimited, however NEOs and GAS are both capped to a couple millions.
  So in the long run we could see ETH price going down while NEO should keep going up.

Now not everything is sweet, so here's so points to think about:

• The number of NEOs is limited, however the devs currently hold half of them. While NEOs cant be mined, we can consider this a form of premine.
  The devs guarantee that this NEOs will be used for development / investment and that they wont give away more than an certain ammount per year.
• Rumours about the project only having 2 devs. In theory yes, but in reality there is also City of Zion which is a western open-source group dedicated to improving the NEO ecosystem. And lets not forget that most of the big projects like Bitcoin or Litecoin never had that many devs in the beginning.

I hope this info is useful for those wandering if they should invest or no.

[LoyceBot]

Comparing to fork-coin Ethereum isn't a reason to buy, and neither is government involvement!
Especially the Chinese government, they don't need money, and they for sure don't need you to earn money from them!

[wgd]

Are there obvious addresses of devs that hold neo premine??? ;]


What is the certainty that now at the summit do not feed investors free coins?

[Traxo]

Unfortunately NEO is not yet supported on Coinomi nor ShapeShift.io, so I can’t be bothered with it.
Also if holding not on an exchange, there is a staking dividend (although that may be insignificant near-term relative to the speculation gains contemplated).

[tranle789]

Unfortunately NEO is not yet supported on Coinomi nor ShapeShift.io, so I can’t be bothered with it.
Also if holding not on an exchange, there is a staking dividend (although that may be insignificant near-term relative to the speculation gains contemplated).

This will soon be done in the future because NEO is a big altcoin and they have specific roadmap to help long-term investors make a profit from this altcoin and certainly NEO's price will very high in the future

[Michael2t]

NEO too risky for me. Do not know what China is doing with it

[VeeraS]

Yes all the bitcoiner i think already know about neo, have many posts that discuss this. And I think this is an opportunity to invest,

[Denies]

Day-to-day bitcoin development is very significant, and new coin coins are emerging, and I do not think that NEO alone has great potential, but there are still some coins I think can compete with neo.

[PadenoM]

really because there is many chinese, money will get high?

is there any indian ico?

[5ensei]

The price has just dropped like almost all other alts. If anyone want so to jump in on neo then now is the best time to do it! This could be the last drop before the inevitable leap to ethereum heights - or at least close to it

[PadenoM]

I sold 10 and made 20 dollars benefits, 

[JonnyFU]

Honestly NEO sounds legit.... addresses a lot of concerns / barriers to entry to the Ethereum network (from the perspective of a developer - not having to learn a new language etc)

The delegated byzantine fault tolerance approach for block formation and consensus makes way more logical sense to me than the current Proof of Work or even Proof of Stake models. It's just so much faster and without unnecessary use of electricity and computer resources.

[Xenrise]

Yes you are probably right do not make anymore mistakes like you did last time to bitcoin. And that is china the country that is known for business. We should invest here in NEO. Look at it once it was implemented in the market it grew and took the spot number 9 for itself. Invest now! It is now or never.

[Filmmmakerr]

Lets all invest in NEO! When the pice continues to fall below $20 

[HEvangelista]

Lets all invest in NEO! When the pice continues to fall below $20 

How much is it now? Is it in any exchanges? Can someone give me some links that I could check into? Hopefully it will go cheaper so I could buy also.

[SwedishGirl]

It amazes me how easy most people put their hard earned money in something they don't understand. Selling vaporware is so much easier in crypto than selling actual products with actual use cases.

[k@suy]

Lets all invest in NEO! When the pice continues to fall below $20 

Is 20$ the ICO price? I am closely watching this coin as its quite popular right now. I am not still sold ot this idea as it may be another pump and dump scenario but I am curious. I bought small amount  just in case.

[theleaf]

The power of the mass, is stronger than u think my friend

[Blazarius120]

Neo is great cause it also generates gas. If you have enough neo, you could live off the gas. But it would have to be a lot.