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Author Topic: Future of NEO & QTUM after China announcement  (Read 3087 times)
Weider
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September 04, 2017, 11:35:50 AM
 #1

Hello. What do you think about future of NEO and QTUM (chinese projects) after announcement from Chinese government that all ICO's are illegal? Price already dropped drastically, much more then any other altcoin. I am getting worried  Grin ...

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September 04, 2017, 11:42:02 AM
 #2

Only new ICO's are banned...the rest are just subject to regulation.

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September 04, 2017, 11:45:18 AM
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Easy, NEO can just systematically excluded Chinese people when they do ICOs or they'll follow the regulation laid out from Pboc.
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September 04, 2017, 11:48:09 AM
 #4

Those NEO and QTUM are going to 0 soon since they are both shitcoins and whales will sell them all to the fools buying.  Wink

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September 04, 2017, 11:48:54 AM
 #5

Only new ICO's are banned...the rest are just subject to regulation.
True but the ico ban and increased regulations will probably still have some impact on NEO and QTUM, as seen with the drastic price drop today. Will be interesting to see whether the the prices pick up soon or if they'll fall down even further.

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September 04, 2017, 11:53:05 AM
 #6

Saw this message:

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September 04, 2017, 12:03:05 PM
 #7

NEO market cap should go to QTUM. But now people too afraid because of uncertanty, so I think crypto market capitalization may drops even to 120-100B. And only after that there will be upward trend...
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September 04, 2017, 12:20:25 PM
 #8

The rule is actually good, it will reduce the skimming and the scams.

My only regret right now is that I have no available BTC to buy more NEO.
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September 04, 2017, 12:20:36 PM
 #9

There will be a downtrend, but people will find a way around the system. In a relatively unregulated crypto market these bumps will happen as major governments decide how to deal with this new technology moving forward. All part of the process.

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September 04, 2017, 12:23:29 PM
 #10

Hello. What do you think about future of NEO and QTUM (chinese projects) after announcement from Chinese government that all ICO's are illegal? Price already dropped drastically, much more then any other altcoin. I am getting worried  Grin ...
yep me too i am already worried about the tokens that i have in neo, hope that the price of it will increase next week or  the next month, i am still hoping for improve of the token.

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September 04, 2017, 12:54:52 PM
 #11

Saw this message:

If so - sounds good. I have a lot of Qtum tokens. Also some NEO, but Qtum much more.Today is a BlackMonday.






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September 04, 2017, 01:13:58 PM
 #12

I don't care about neo or qtum and neither do the team much since they don't invest any money in their own project. I don't care also about the investors because they accept such risks when investing in a project.

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September 04, 2017, 02:13:37 PM
 #13

I don't care about neo or qtum and neither do the team much since they don't invest any money in their own project. I don't care also about the investors because they accept such risks when investing in a project.

Woaw you're such a rebel I'm so scared ! Run for your lives everbody, he doesn't care !



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September 04, 2017, 03:10:02 PM
 #14

QTUM is not just china. The team is from around the world.
The only way for new to survive is outsourcing its team.
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September 04, 2017, 03:25:15 PM
 #15

-30% to -50% decline in a day is pretty heavy, to all believers of these coins these days is the best time to buy for sure

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September 04, 2017, 03:27:09 PM
 #16

QTUM is not just china. The team is from around the world.
The only way for new to survive is outsourcing its team.

NEO's founders OnChain are working on projects with the goverment of CHina.

In the end NEO will be certified regulator of China ICOs Smiley

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September 04, 2017, 03:36:38 PM
 #17

-30% to -50% decline in a day is pretty heavy, to all believers of these coins these days is the best time to buy for sure
Yes these days are the best time to buy this coin and hold it in your wallet. But is there any predictions when it will take charge again? I think it needs more time and just watch the price it's still may go down. After reaching the base price and the price is stable means you can buy this coin.
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September 04, 2017, 03:39:20 PM
 #18

Does NEO even have any ICOs to being with?  What projects are there even launching on NEO if any?  Can't ban upcoming ICOs if there are none to being with.

Qtum had a slew or projects launching on their platform which may be affected.  The platform is registered in Singapore so they should be safe from the upcoming review.  Good foresight on their part.

It's the projects like Bytom and Tron which are in trouble.  I think all ICOS going forward will move to Singapore similar to Qtum and Litecoin.

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September 04, 2017, 04:02:56 PM
 #19

Does NEO even have any ICOs to being with?  What projects are there even launching on NEO if any?  Can't ban upcoming ICOs if there are none to being with.

Qtum had a slew or projects launching on their platform which may be affected.  The platform is registered in Singapore so they should be safe from the upcoming review.  Good foresight on their part.

It's the projects like Bytom and Tron which are in trouble.  I think all ICOS going forward will move to Singapore similar to Qtum and Litecoin.

They have the Red Pulse ICO in sept 7, now chinese citizens are banned in participating in any ico, chinese central bank said that the purpose of this is to prevent scammers. That maybe has a good long term effect for Neo and others.


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September 04, 2017, 04:11:53 PM
 #20

Everyone run to the hills, if in profit sell, if not cut your losses.

We might be entering in a new bear cycle, if bitcoin can lose 40% value from top, these shitcoins will go 90%+ lower, that's a heavy bag to carry.

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September 04, 2017, 04:14:37 PM
 #21

Too much noobish new money in Crypto, too many scammers, hackers and bad devs, will probably make these and other altcoins go to pots for a while. Hopefully the really quality projects will eventually stand out when the hard core blockchain enthusiasts stay in and do the mopping up after the blood baths.

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September 04, 2017, 05:07:12 PM
 #22

Does NEO even have any ICOs to being with?  What projects are there even launching on NEO if any?  Can't ban upcoming ICOs if there are none to being with.

Qtum had a slew or projects launching on their platform which may be affected.  The platform is registered in Singapore so they should be safe from the upcoming review.  Good foresight on their part.

It's the projects like Bytom and Tron which are in trouble.  I think all ICOS going forward will move to Singapore similar to Qtum and Litecoin.

They have the Red Pulse ICO in sept 7, now chinese citizens are banned in participating in any ico, chinese central bank said that the purpose of this is to prevent scammers. That maybe has a good long term effect for Neo and others.

+1

People are looking at this as a bad thing when this is really something that's supposed to protect the investors. 

Besides, this has no effect on people creating projects organically.  Might be slower, but in the end, no more of these, "we don't have a product yet, but we will in 2018/2019" shenanigans.

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NostradamusJones
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September 04, 2017, 08:04:20 PM
 #23

https://twitter.com/riseofcrypto/status/904778250068475904

"We're gonna need a bigger boat"
Arkann
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September 04, 2017, 09:53:05 PM
 #24

Nobody knows for sure how the prohibition of the ICO in China on its NEO coin will be affected. Because the founders of this coin cooperate with the Chinese government, it is possible that this coin will be settled by the government. I do not really like this prospect. In the near future, let's see how the prices in the crypto currency market will be. The situation is unusual.

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September 05, 2017, 12:18:42 AM
 #25

Even though there are announcement stated that neo will not affected but I think this situation has caused the neo investors to panic, soon there will be a lot of people selling this coin, I think neo reputation will be on the edge and it will be hard to survive, but let's see how well the developer take tackle this problem and convince the investors

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September 05, 2017, 02:24:02 AM
 #26

Even though there are announcement stated that neo will not affected but I think this situation has caused the neo investors to panic, soon there will be a lot of people selling this coin, I think neo reputation will be on the edge and it will be hard to survive, but let's see how well the developer take tackle this problem and convince the investors
NEO is a lot of big investors buy and invest long term. I think the developer will find a way to negotiate with the Chinese authorities because NEO is banned in the country and makes the market drop dramatically in just a few hours. I hope NEO can return to its original position
pushups44
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September 05, 2017, 02:47:28 AM
 #27

NEO may be impacted indirectly, as China's ICO ban may scare away investors and capital. On the other hand, ICOs will simply be launched in countries with more lax regulations. Given that NEO has had a sharp rise recently, a correction is both needed and healthy. In the long run, NEO should be fine.

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September 05, 2017, 02:49:52 AM
 #28

Even though there are announcement stated that neo will not affected but I think this situation has caused the neo investors to panic, soon there will be a lot of people selling this coin, I think neo reputation will be on the edge and it will be hard to survive, but let's see how well the developer take tackle this problem and convince the investors
NEO is a lot of big investors buy and invest long term. I think the developer will find a way to negotiate with the Chinese authorities because NEO is banned in the country and makes the market drop dramatically in just a few hours. I hope NEO can return to its original position

it will be hard to get back to original levels of above USD 40. We are all in the blood bath. the only thing we can do now is to buy more, and hang on for dear life
senin
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September 05, 2017, 03:04:21 AM
 #29

While NEO falls in price along with all digital coins. However, the ban in China on the ICO, I think, can not significantly affect the future course of NEO after the stabilization of the situation in the crypto currency market. Simply, the Chinese government decided to streamline the ICO, excluding probable scammers from it. I think with this in the future everything will work out. China generally has a positive attitude to the crypto currency market, so this ban should be temporary.

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samfcoin
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September 05, 2017, 03:11:53 AM
 #30

NEO&QTUM 's price will be impacted by China announcement in a short term, price will drop most likely 50%, if no other country announce there'll be some rules for ICO project, price will increase again, otherwise, price will even drop more.

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Twinkledoe
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September 05, 2017, 03:23:23 AM
 #31

I hope QTUM will lose money. I just don't like that project.

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September 05, 2017, 03:46:02 AM
 #32

The ban imposed by the Central Bank of China on holding an ICO in this country is unlikely to affect the popularity of the Chinese coin NEO. While it falls in price due to the general downward trend in the crypto currency market. Perhaps, on the contrary, the ban on ICO will lead to the release of money sent to the ICO and they will be aimed at maintaining the national digital currency of China.

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September 05, 2017, 04:04:04 AM
 #33

I think the newly implement ICO's are the most afrected if that happens, about NEO and QTUM maybe they'll encourage to own that coins because I think it originated in China itself but nonetheless many are potential alts that will increase in its value not only NEO and QTUM.

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NewbCoins
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September 05, 2017, 04:13:37 AM
 #34

if you sleep with the china government, you can do ico. if you don't, you can't do ico.
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September 05, 2017, 04:43:20 AM
 #35

There's no future
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September 05, 2017, 09:28:07 PM
 #36

China Government are just positioning themselves in a better position to get there share of money flowing into ICO from China,they don't like money leaving China when they have not had there cut!
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September 05, 2017, 09:39:31 PM
 #37

I don't think it will affect it, it's still legal. But I think it affects it in the sense that with the ICO ban, future China based ICO that would have ended up on Neo will no longer be able to, so the price will not go up as high as it would have had the Chinese government not made this ban.
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