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

[Dyn@styN3rd]

If NEO new ethereum in China, then I have a very bad news for holders NEO

I agree. I don't have NEO but I know someone who is bleeding right now because of the loss  He panicked buying at $30 as he isn't aware of China's new regulations regarding ICO then it dropped to $20's.
Hope the developers will have a way though so that investors will have a way to recoup the loss.

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[qiman]

I don't see NEO recovering now in the near future as it is banned from doing ICOS, so NEO will become probably defunct sooner or later, unless China decides to relax and regulate the laws a little bit. If the blanket ban on ICOS continues, then Neo is having an early funeral.

[slaman29]

NEO will certainly have good price but at this time many NEO sellers because according to recent information the Chinese government is preventing the participation in ICO projects from the NEO platform, this made many people bewildered and sold NEO at this time

NEO being a Chinese startup, would surely suffer from the Chinese government's policy, but with the large optimism and investment of Chinese youths for blockchain, China seems to be softer to such technology. Take an example of large mining farms, which are just in front of the communist party, yet runs without any problems.

Or, NEO being a Chinese startup, will be looked upon kindly by the Chinese government. They will be more willing to enter into discussion and come to a suitable conclusion for all. Good example on mining. Surely there is some benefit involved or they wouldn't have let it happen. Now imagine if... mining were banned

[diskodasa]

If NEO new ethereum in China, then I have a very bad news for holders NEO

I agree. I don't have NEO but I know someone who is bleeding right now because of the loss  He panicked buying at $30 as he isn't aware of China's new regulations regarding ICO then it dropped to $20's.
Hope the developers will have a way though so that investors will have a way to recoup the loss.

The news China gov have idea block ICO had published a month ago. But people dont care about it.

[aaroc90]

I don't see NEO recovering now in the near future as it is banned from doing ICOS, so NEO will become probably defunct sooner or later, unless China decides to relax and regulate the laws a little bit. If the blanket ban on ICOS continues, then Neo is having an early funeral.

I agree on that one. I dont think we should trust too easily that China will just clear the way for ICOs and cryptocurrency in general in the future. Its very hard for them to control and we know china do love to control things.

[StopTheFUD]

I'll address/comment on the misinformation from the poster below, mostly in red.

As I write this thread, the price of NEO the so called Ethereum of China is rising and its rising sharp. Many of us had that wish if we had bought ETH when it was cheap 20-50$ to get massive gains. Its not too late.
You can still invest in NEO, to make that happen. If this coin help in profiting others why not share it

Some of the main reasons why NEO will go to moon is as follows (Courtesy: EthereumAdvocate)

-Microsoft on board Lie
-Multiple coding languages, not just one, no need to learn new coding (Solidity). This sucks, makes it hard to ensure smart contracts are safe and bug free. (Obviously they will need to get checked at some point)
-Tacit acceptance by Chinese authorities. More like under their radar
-Chinese government intention in supporting/utilising smart contracts to secure/designate real world assets. has nothing to do with NEO
-Chinese desire/support for home grown product (Both Govt and populace). lol, are you taking yourself serious?
-Ease of purchase by Chinese on their exchanges. has nothing to do with neo, oh and as of now chinese exchanges are in problematic stage
-Greater awareness of product in China than other external options (Excluding ETH) lol, that's whishful thinking
-Rest of world awareness of product and how it offers a different option to Ethereum. Yeah, it's not a public blockchain from what I can tell and the company can do whatever they feel like ie. double the token amount(devalue your tokens), this also means that ultimately you are at the mercy of the Chinese government and the company
-Still viable and accessible via Bittrex to investors outside China. Lol, most of the trade of NEO is on Bittrex, this together with binance (81% western market according to them) accounts for more than 2/3 of the actual NEO market, yeah exactly, not Chinese money but westerners hold the most NEO by far!
-This is attractive to those that cannot/do not wish to use Solidity / Ethereum, provides another smart contract option.
-Could also be used for smart contracts in addition to/with Ethereum smart contracts from a risk management (hybrid) perspective.
-Shaping up as the best contender to take market share from Ethereum for smart contracts. LOL

[Baehr123456789]

As I write this thread, the price of NEO the so called Ethereum of China is rising and its rising sharp. Many of us had that wish if we had bought ETH when it was cheap 20-50$ to get massive gains. Its not too late.
You can still invest in NEO, to make that happen. If this coin help in profiting others why not share it

Some of the main reasons why NEO will go to moon is as follows (Courtesy: EthereumAdvocate)

-Microsoft on board
-Multiple coding languages, not just one, no need to learn new coding (Solidity).
-Tacit acceptance by Chinese authorities.
-Chinese government intention in supporting/utilising smart contracts to secure/designate real world assets.
-Chinese desire/support for home grown product (Both Govt and populace).
-Ease of purchase by Chinese on their exchanges.
-Greater awareness of product in China than other external options (Excluding ETH)
-Rest of world awareness of product and how it offers a different option to Ethereum.
-Still viable and accessible via Bittrex to investors outside China.
-This is attractive to those that cannot/do not wish to use Solidity / Ethereum, provides another smart contract option.
-Could also be used for smart contracts in addition to/with Ethereum smart contracts from a risk management (hybrid) perspective.
-Shaping up as the best contender to take market share from Ethereum for smart contracts.

At present, it has fallen sharply.  That is sad !!

[CryptoClown]

NEO is getting absolutely rekt.  This was a really big hit for NEO with the banning of ICOs in China. 

[Foster456]

As I write this thread, the price of NEO the so called Ethereum of China is rising and its rising sharp. Many of us had that wish if we had bought ETH when it was cheap 20-50$ to get massive gains. Its not too late.
You can still invest in NEO, to make that happen. If this coin help in profiting others why not share it

Some of the main reasons why NEO will go to moon is as follows (Courtesy: EthereumAdvocate)

-Microsoft on board
-Multiple coding languages, not just one, no need to learn new coding (Solidity).
-Tacit acceptance by Chinese authorities.
-Chinese government intention in supporting/utilising smart contracts to secure/designate real world assets.
-Chinese desire/support for home grown product (Both Govt and populace).
-Ease of purchase by Chinese on their exchanges.
-Greater awareness of product in China than other external options (Excluding ETH)
-Rest of world awareness of product and how it offers a different option to Ethereum.
-Still viable and accessible via Bittrex to investors outside China.
-This is attractive to those that cannot/do not wish to use Solidity / Ethereum, provides another smart contract option.
-Could also be used for smart contracts in addition to/with Ethereum smart contracts from a risk management (hybrid) perspective.
-Shaping up as the best contender to take market share from Ethereum for smart contracts.

China considers ICO illegal, NEO + altcoin sharply reduced.

[joshki]

As I write this thread, the price of NEO the so called Ethereum of China is rising and its rising sharp. Many of us had that wish if we had bought ETH when it was cheap 20-50$ to get massive gains. Its not too late.
You can still invest in NEO, to make that happen. If this coin help in profiting others why not share it

Some of the main reasons why NEO will go to moon is as follows (Courtesy: EthereumAdvocate)

-Microsoft on board
-Multiple coding languages, not just one, no need to learn new coding (Solidity).
-Tacit acceptance by Chinese authorities.
-Chinese government intention in supporting/utilising smart contracts to secure/designate real world assets.
-Chinese desire/support for home grown product (Both Govt and populace).
-Ease of purchase by Chinese on their exchanges.
-Greater awareness of product in China than other external options (Excluding ETH)
-Rest of world awareness of product and how it offers a different option to Ethereum.
-Still viable and accessible via Bittrex to investors outside China.
-This is attractive to those that cannot/do not wish to use Solidity / Ethereum, provides another smart contract option.
-Could also be used for smart contracts in addition to/with Ethereum smart contracts from a risk management (hybrid) perspective.
-Shaping up as the best contender to take market share from Ethereum for smart contracts.

China considers ICO illegal, NEO + altcoin sharply reduced.

But that's very normal for this market when any kind of bad news comes along. This should be no surprise to anyone.

[bobq]

Everyone who buys a coin which has just risen 100X+ within a few weeks should consider the remote probability that he or she may end up losing all or most of the money...

[slaman29]

Everyone who buys a coin which has just risen 100X+ within a few weeks should consider the remote probability that he or she may end up losing all or most of the money...

Anything that rises can also fall. Absolute zero is the remotest possibility but 50% or even 90% is still within the realm of reason. NEO took a huge hit, makes people like me breath a sigh of phew. With all the regret for not getting in early, there are also the reliefs of not getting in just before the dip. Time will tell, but this price is just SO tempting now!

[joshki]

Everyone who buys a coin which has just risen 100X+ within a few weeks should consider the remote probability that he or she may end up losing all or most of the money...

That's always a good point to remember. Huge gains do not come without risk of loss.

[CryptoDude2727]

I don't see NEO recovering now in the near future as it is banned from doing ICOS, so NEO will become probably defunct sooner or later, unless China decides to relax and regulate the laws a little bit. If the blanket ban on ICOS continues, then Neo is having an early funeral.

Among the doom and gloom here's what I don't get:

1.  China has banned/made illegal ICOs for now.  But isn't the general feeling this was a step that will lead to regulation ... eventually opening up a more legitimate ICO market place?

2.  If a start up in Spain (or pick your country) wanted to use NEO as the platform for an ICO the Chinese could stop this?  Certainly the government could ban its citizens from participating... but why can't 99% of the rest of the world still use NEO as an ICO platform?  I guess the government could arrest the NEO team thus ending everything... but seems go me the government is essentially trying to protect it's citizens  (scam ICOs).  With NEO itself being based in China... it's unclear how far the govt tentacles can reach with regard to this?

As a side note... Red Pulse (Hong Kong) has delayed their ICO but still hasn't cancelled it.  Interesting to see what ultimately happens there. 

[gomei]

Everyone who buys a coin which has just risen 100X+ within a few weeks should consider the remote probability that he or she may end up losing all or most of the money...

Yes, I think the NEO will have a hard situation now and if the Chinese government do not relax the policy, it will be very hard. One the other side, I do not think the Chinese government will restrict the cyrpto market.

[joshki]

I think it's a foregone conclusion that the Chinese government with regulate crypto - they try to regulate the internet, what's to stop them?

[Relly]

To late pessimists! You are just trying to lower the price so you can jump in.

This is what the released this morning in chinese!

Dear NEO Community :
First of all, thanks to all the participants in the community for NEO has been the support and contribution. The open source project NEO has been developing healthily since its inception in 2014 .
NEO focuses on the underlying technology of the chain chain , providing digital infrastructure, digital identity and intelligent contracts for the future of the intelligent economy to provide the basic network. NEO original research and development of the DBFT consensus mechanism, NeoContract intelligent contract system, NeoX cross-chain agreement and many other original technology. NEO is a technology-oriented community that focuses on the underlying technology of the block chain.
Looking back 1 year ago , NEO completed the world's first returnable ICO, of which about half of the participants came from overseas. From 2016 Nian 9 Yue 7 Ri ICO as of 10 Yue 17 Ri NEO during the main-line line , all participants can choose a full refund Bitcoin has been invested. In the said period , a total of 15 people applied for a refund of the participants , a total return of 50.308364 bits coins. This global first return mechanism protects the interests of the participants to a considerable extent.
With the development of the community , NEO has grown from a start-up by the Chinese open source project , it has become a largest in the world , and has a large foreign community and developer of the world's leading public chain. Today's NEO Council has sufficient resources to support technology research and development and ecological construction in the next few years. Combining the regulatory requirements for ICO in the world , we decided to continue to allow ICO participants to return the bitcoils they invested. Seed round, ICO1 , ICO2 participants are available on 2017 Nian 10 Yue 17 contact before contact@neo.org , the NEO specified address sent to participate in the Council of ICO all obtained NEO, NEO Council will return participants accordingly All the bits of money that had been invested.
In 2016 years to the ICO time , we have clearly shown that NEO is a community-driven, non-profit community-sponsored open source project. In addition to working hard to build NEO products and ecology , we also hope to contribute to the community in other ways. Therefore , for the above did not choose to return scheme seed round, ICO1 , ICO2 participants , we will be in 10 Yue 18 days , in accordance with the degree of contribution of participants , given the appropriate feedback. The specific plan is announced separately.
In addition , the NEO Council is actively promoting the NEO community in the existing legal framework , continue to healthy and steady development. In the fourth quarter of 2017 , NEO will use the international legal team to develop a legal framework that meets the requirements of the world's major national compliance requirements for use on intelligent contracts on NEO .
Consecutive development is the only way for the chain chain industry to grow to a certain stage. We are very fortunate NEO team on the design philosophy, the consensus mechanism, management chose the route of compliance from the start , so can well cope with future challenges and opportunities. NEO community look forward to your participation and advice , thank you again for the NEO community to accompany and support !
NEO Council 2017 Nian 9 Yue 5 Ri

[SleepMachine]

I think it's a foregone conclusion that the Chinese government with regulate crypto - they try to regulate the internet, what's to stop them?

people in China still use facebook, google... what can stop them?

[xiaohang07]

NEO is too hyped recently, and the recent drop is just cooling down a little bit. I would say regulation is needed for ICOs in China since there are so many scammy ICOs lately.

[carlisle1]

I think it's a foregone conclusion that the Chinese government with regulate crypto - they try to regulate the internet, what's to stop them?

people in China still use facebook, google... what can stop them?

china is also a communist country so we really cant say what their government can do regarding to this matter but for sure people who believes into
crypto will also do their best, time to buy cheap NEO I guess and allow this concerned be discuss inside the exchange.