Why is NEOCOIN falling

[SavvyOli]

Hi all,

As Neo Coin (Antshares) recently had quite a big surge, do you think the recent market correction is justified when all the other coins are boasting big increases?
If not, any idea why it is falling? i have quite a bit in it and am a little concerned

[helloge]

I think it is normal to see the price dumping and pumping, and as we all know, the NEO has pumped at a crazy price and I do not think there are some actual valuable product or service, so price falling to a reasonable level is what we can see now.

[anylic]

Because Neo has grown so fast compared to the common ground and made it fall, it is because the mentality of the later investors can't make a profit from it and they have sold out.

[Tipstar]

Neo with it's latest media coverage came in light to many people and many rushed to invest creating a large increase in price. But the investor rush couldn't be the same and the price is coming back to a balance value. i.e. the worthness of coin.

[SavvyOli]

thanks for the replies guys,
i guess i have to hang on for dear life and hope it goes back up soon. =(

[hanlieuiypm9832]

I have also bought some NEO at the high price since someone told me I can get some GAS as an extra bonus, now I think it is time to sold them out and maybe I can buy them back at a lower price.

[Just2102]

I have also bought some NEO at the high price since someone told me I can get some GAS as an extra bonus, now I think it is time to sold them out and maybe I can buy them back at a lower price.

In my opinion, it's time to ACCUMULATE

[SavvyOli]

I have also bought some NEO at the high price since someone told me I can get some GAS as an extra bonus, now I think it is time to sold them out and maybe I can buy them back at a lower price.

but i guess we all dont want to be "that guy" that does not hold onto the neo when it goes back to USD 50 lol

[Buyingallcoinsz]

This is just calm before the storm. First we see some wales dumping maybe 10% of their massive stock so price goes down a bit and we see some noobs fearing a crash and selling fast. When the noobs arrived finally gone prize stabilizes and we will rise again fast.

[wenzuo]

the NEO price is so crazy in the past several weeks, and its time to turn to a reasonable level, not only NEO but also other altcoin have the same situation, many dump today

[SavvyOli]

This is just calm before the storm. First we see some wales dumping maybe 10% of their massive stock so price goes down a bit and we see some noobs fearing a crash and selling fast. When the noobs arrived finally gone prize stabilizes and we will rise again fast.

if i had more cash i would dump it all into neo, the price is really dirt cheap currently!

[SonnetStar]

They say Neo is the Chinese ethereum who knows? I have a little but not a big stake.

It just seems like it's a big guessing game with Neo

[micle222]

the NEO price is so crazy in the past several weeks, and its time to turn to a reasonable level, not only NEO but also other altcoin have the same situation, many dump today

Really you say, some altcoin, happened a big dump this time.
Is this due to BTC price hike? Very dangerous to hold some altcoin.
But if the price goes back up I think this is a chance to take a big advantage.

[khufuking]

Sometimes when a coin is already x13 + up and you see it and say fk I missed it it is too bad . You know what is worst than missing it ? jumping in too late . of course there is a chance that this coin will continue going up but the chance of a correction and dump is very high right now .

p.s : You this advice and I still made the same mistake yesterday but on another coin . The charts is just too tempting 

[Lontonbit]

It went up 125 x who in there right mind would touch it now?

[Bowtiesarecool]

It went up 125 x who in there right mind would touch it now?

You'd be surprised. Once a coin goes past x3, it's just too risky for me to step in. x125 is just mindblowing. But never underestimate the power of self-delusion. Someone probably thought China's Ethereum + Big economy = Eden Prime!. All I'm looking at is how many xxxs will Neo tumble down

[Red-Apple]

what goes up this fast must come down. it is only natural thing to happen in this market. i am hopeful it recovers and it may very well do. but so far i have bought some and ended up selling it since i saw the drop, with a little loss.
now i am waiting the drop to end to make my future decisions regarding this coin.

[wojak]

but so far i have bought some and ended up selling it since i saw the drop, with a little loss.

TBH I think I am noob, but I've earned about 20% within last 2 days on NEO.

[Lucacrebbe]

NEO  is grown  so much  and so fast beacause it' been announcend  as the ''Ethereum of  China''...  in  China there are  so big population and    other investor worldwide  invested into it  because the  fame of ''ethereum of  china''
When  the price  had stabilized  in 50$  someinvestitors  have  understood  that the maximum potential had been reached, so they sold it.  Also  all the investors  who came later in the  game  have  sold  it  cause they couldn't see  so much profit.  And that's  it...a stabilized price.

When  it's  to late to jump  into the train, it's better  to wait at  station.

[rainbow169]

ethereum of china.. Not too sure about.  It's a complicated landscape in China. Let's not forget some of the leading crypto influencers in China, like Bo Shen whose Fenbushi Capital (with Vitalik) still invest heavily behind ethereum and other connected Chains, the XiaoLai Li, who is the man behind EOS. NEO will be one of the platforms to thrive in China for sure but certainly not the only one.