Whats going on with NEO??

[draceus0]

Any idea why neo just went down so much? Been on the decrease but this dip is just insane

[NameSnaps]

Insiders says Whales dumping

[burdeN]

Their ICO was suspended in China https://twitter.com/WhalePanda/status/902477404916068352

[siddartha1492]

It seems like this is the cause: https://twitter.com/WhalePanda/status/902477404916068352
China imposing stricter regulation on ICOs.

[stomachgrowls]

Any idea why neo just went down so much? Been on the decrease but this dip is just insane

Its just simple and theres nothing to be surprised off and i do really expect this thing to happen on NEO sooner. If theres a pump then next there would really be a dump since whales or investors do really have profit taking boundary together with the issues which posted above on which China do make a prohibitions or strict on ICO which seems do really make an effect.

[Aurimas]

Any idea why neo just went down so much? Been on the decrease but this dip is just insane

There's nothing insane here. It increased in value 10x in like two weeks. 20x in two months. That kind of growth is not healthy, so the dip is no suprise...

[eXpl0sive]

Any idea why neo just went down so much? Been on the decrease but this dip is just insane

Rule No.1: Never buy during a pump. You'll have no regrets later.

[Geoff999]

The price correction does not seem to be that out of the ordinary.

Remember that NEO was only $6 last month, it rose to around $50 on the back of their first ICO planned for September, with Chinese citizens no longer allowed to participate in NEO ICO for now. Its a large blow for NEO as a whole - they are built on the foundation of "chinese Ethereum" if the chinese cant use it for ICO purposes, it becomes less valuable.

[layoutph]

Most ICOs where suspended by China, They have a strict rules and regulation now for new ICOs. Thats why NEO is very affected. Just hold. It will go up again soon.

[hasteee]

The price correction does not seem to be that out of the ordinary.

Remember that NEO was only $6 last month, it rose to around $50 on the back of their first ICO planned for September, with Chinese citizens no longer allowed to participate in NEO ICO for now. Its a large blow for NEO as a whole - they are built on the foundation of "chinese Ethereum" if the chinese cant use it for ICO purposes, it becomes less valuable.

How did people not see this coming?! 

[MetaSk]

Most ICOs where suspended by China, They have a strict rules and regulation now for new ICOs. Thats why NEO is very affected. Just hold. It will go up again soon.

Looks like China affect allot on crypto market

Can you recommend valuable resources of information regarding crypto market but mostly focused on China?

[Riuzan]

whales dumping, just hold

[guillzini]

Yup. Probably the news about the ICO suspension. I'll hold and buy some more when the dip starts to turn again

[boyla]

It's just the game of the whales. They will buy back at dip. So, just hold! Weak hand will take a loss.

[pigheadbig]

It seems like this is the cause: https://twitter.com/WhalePanda/status/902477404916068352
China imposing stricter regulation on ICOs.

As far as I know, this is true and seems to be the main reason for this drop, but in my opinion, it is still safe since the ICO is a global market, Chinese government can not stop it.

[rakeshsoni86]

Hello Guys,

Any idea why Neo price are not increasing i mean its ATH was 50$ but i thinks Neo is struggling to get back to its ATH price...inspite being such a huge project..but not able to cross its ATH price.

Hope so RPX price hype push NEO.....

[Collett]

Without some positive news from China the price won't be going anywhere. Especially not with segwit2x on the horizon.

There's been rumours about the possibility of some news coming out of China tomorrow though (1st Nov), so I guess we'll have to wait and see.