NEO Crashing down to pennies

[Artdealer]

NEO is crashing on the rumor that DongFei was arrested by the Communist Gov,  Everyone Dump now or be left in with dust

[urp0k1911]

Any proofs?

[kryptqnick]

Even if this info has no proof (I didn't see anything when I searched for it), there are great proofs of icos being banned and thus I agree that NEO might do some final agonist price pumps but it will die soon anyway. We can see the green market right now and basically, most of coins are recovering from the news. Yet this doesn't hold for NEO. And I guess investing in icos built on this platform would nowadays probably be the worst idea of all.

[dadesu]

Almost all tokens will have same destiny. Almost all are easy way to take money from investors.
Better to invest in some big and main coins like btc, eth, monero... then waste money on ico scams.

[ngm-]

NEO is crashing ?

https://coinmarketcap.com/currencies/neo/

NEO went down after the last news on ICO, that's all.


What a shitty thread.

[tehMoonwalker]

piece of shit fudster

[qrnamol]

NEO is crashing on the rumor that DongFei was arrested by the Communist Gov,  Everyone Dump now or be left in with dust

LOL   nice try u piece of shiet.
Btw - how the fck is DongFei? :D:D
OnChain CEO is Da Hongfei, and he's fine.

If there is any moderator here - close this thread and consider banning this fck Artdealer for spreading fake news.

[mr_uk_btc]

I actually agree we are going down further....you see from this chart we have just broken out of the inverted flag pattern... I think we are headed to the 0.886 retracement which aligns at a price of around 0.001955 BTC per NEO. Set your buy orders for there!!

[Bhizzle]

such a bullshit thread

[PotatoBlood]

OP forgot to mention that NEO will be the only platform in China that will allow ICO's 

[gedor]

It's not that bad but it has lost more than a billion dollar market cap in a week, I never like antshares but everyone who likes it gets a chance to buy neo at %50 discount rate.

[Bhizzle]

Watch it bounce back with full force once they get their ICO paperwork compliant with the government.

[nashap]

Even if this info has no proof (I didn't see anything when I searched for it), there are great proofs of icos being banned and thus I agree that NEO might do some final agonist price pumps but it will die soon anyway. We can see the green market right now and basically, most of coins are recovering from the news. Yet this doesn't hold for NEO. And I guess investing in icos built on this platform would nowadays probably be the worst idea of all.

But what if NEO is a good platform anyway,i agree that ico is very risky and it will blown in some point,because the governments will always want to protect the investor, but as far as i can understand platforms like ETH and NEO are good in a way that they could do a lot of other things,things that  nobody has figured it out yet.

[zorranco]

I wouldn't touch NEO with a 10 ft. pole

[Bhizzle]

It could just be a case of China wanting to hit Ethereum and the scam ICOs hard, allowing NEO to monopolise and pick up the pieces.

[dennyd999]

It's not that bad but it has lost more than a billion dollar market cap in a week, I never like antshares but everyone who likes it gets a chance to buy neo at %50 discount rate.

NEO platform purpose was to create new ,china supported ICOs as Ethereum did.
After China bans ICOs, NEO is pointless,useless project, restricted by origin country government. I dont think it is good investment right now.

Wait for some positive changes. I think taking blind risk just becuse of 50% drop is not a good idea.

Yes it probably will rise a little again just as dead cat bounce,but nothing more.

[coinfoundry]

NEO is crashing on the rumor that DongFei was arrested by the Communist Gov,  Everyone Dump now or be left in with dust

Stop spreading FUD without backing it up with facts or credible source!

[mr_uk_btc]

It's not that bad but it has lost more than a billion dollar market cap in a week, I never like antshares but everyone who likes it gets a chance to buy neo at %50 discount rate.

NEO platform purpose was to create new ,china supported ICOs as Ethereum did.
After China bans ICOs, NEO is pointless,useless project, restricted by origin country government. I dont think it is good investment right now.

Wait for some positive changes. I think taking blind risk just becuse of 50% drop is not a good idea.

Yes it probably will rise a little again just as dead cat bounce,but nothing more.

Someone very smart once said "Whatever China bans , invest in" ... the Chinese Government and PBOC will be sneakily buying all the cheap NEO from their very own FUD induced sell off...  the they will announce that everything is ok again and this will go to the moon

[Foster456]

Any proofs?

Probably no evidence, all just speculation

[Koadharber]

I actually agree we are going down further....you see from this chart we have just broken out of the inverted flag pattern... I think we are headed to the 0.886 retracement which aligns at a price of around 0.001955 BTC per NEO. Set your buy orders for there!!

Nice technical analysis you do have here mate.Inverted flag does really signifies downtrend together with the trend line you did draw and as set on the buy order i do agree on that one. Pullbacks will surely happen on that time and reversal would really be expected.