NEO Crashing down to pennies

[Foster456]

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.

You are right, to be safe, Better to invest in a large sum. Accept a low profit margin a little but you get back the stability

[Drowzy]

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

Ya shure this will happen, a commie government is going to help ico scammers. sure.. more likely all ico coins will be de-listed from the chinese exchanges because of government pressure.

[xenomorphe1]

I think lauching rumors like this can help crash coins a little. But i don't think Da Hongfei got arrested.
It is more about the refund of Chinese investors and the ICO ban in China. Stop spreading false rumors.
You need an official source before spreading rumors.

[LA_KOS666]

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

Ya shure this will happen, a commie government is going to help ico scammers. sure.. more likely all ico coins will be de-listed from the chinese exchanges because of government pressure.

Err no. Once the Chinese Adminstration purge their landscape of all scammers and thieves they can create a blockchain space safe for consumers and with everything regulated so the government can get their slice too.

The Chinese don't fuck around. They want NEO to be successful because it will suck in money from the rest of the world external to China.

[Bhizzle]

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

Ya shure this will happen, a commie government is going to help ico scammers. sure.. more likely all ico coins will be de-listed from the chinese exchanges because of government pressure.

Err no. Once the Chinese Adminstration purge their landscape of all scammers and thieves they can create a blockchain space safe for consumers and with everything regulated so the government can get their slice too.

The Chinese don't fuck around. They want NEO to be successful because it will suck in money from the rest of the world external to China.

I agree with this. NEO to climb to the top once all of this settles!

[urp0k1911]

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

The latest announcement by the PBOC gives a mandatory to the developers of ico to refund all of the fund that already raised from the investors, and i think dahongfei should be refunded the money back to the investors.

Well, what Neo council did is this:
https://www.reddit.com/r/NEO/comments/6y7q49/a_statement_from_neo_council/

They offered a choice to investors - either to keep their Neo or get a refund at ICO price. One has to be retarded to accept refund conditions.

[issie81]

This NEO thing reminds me of Ethereum first half 2016 when it was topping 0.034 btc crashed all the way to 0.008 people when shouting Ethereum is dead was going to die look at Etherum now bounced back top 20x harder now 10x... people need to relax and chillax.. get your cheap NEO and laugh in a few months:)

People back from 2014 and earlier are rich anyways nowadays:))

[Red_Sanford]

Looks like it might be time for another rebranding 

Maybe moving to a country that values freedom might work better. Something like Switzerland or the Cayman Islands

[Geoff999]

NEO had to drop eventually especially after the ICO news in China.

Now that Red Pulse has also been put on hold, it further enforces this point.

However, once they sort things out, many ICO on NEO will move to Singapore or Hong Kong which are different legal jurisdictions.

So in the long run it will be ok.

[bucksman5233]

NEO is crashing ?

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

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


What a shitty thread.

error by the Chinese government.  NEO should not be blamed

No error by the government instead but I think government should regulate ICOs instead of completely banking it. If they aren't regulated then every new day there would ICOs popping up, scanning users with their shitty promotion etc.
NEO came here as China's Ethereum but without ICO its definately dull but NEO is not only for ICO so it won't go anywhere soon.

[collac]

I think the prohibition of ICOs is good, the´ll have more control, so only the good ICOs will pass

[BitcoinExpart]

So guys what is your expectations for the NEO during this month? Do you see it moving? I guess, $35 sounds good though or could be hit under $20 as will be possible hearing more bad news.

[Alcarin]

So guys what is your expectations for the NEO during this month? Do you see it moving? I guess, $35 sounds good though or could be hit under $20 as will be possible hearing more bad news.

I think it will be soon testing 30$ resistance...

If it passes, 40$ is realistic this year if no special news come along... be it good or bad...

[lokinator]

So guys what is your expectations for the NEO during this month? Do you see it moving? I guess, $35 sounds good though or could be hit under $20 as will be possible hearing more bad news.

I don't anticipate this drop to last much longer. I HOPE it does though, so I can purchase a bunch more NEO at a more reasonable price before it explodes back up to the top. I bet it far exceeds $35 in the next 1-2 months.

As far as the OP's comments go: They are completely made up. I have searched all over for any indication that what he stated actually occurred and was unable to find anything.

As has been pointed out several times now, NEO is dropping due to the Chinese Government crackdown on ICOs ... News in the crypto world spreads fast and decimates (or increases values) more than any other market. It's just the nature of the beast & it's par for the course.

[NaXxow]

it will slowly drop till 5$ this year. If there are no ICOs, what will be the future and purpose of this? Neo is only starting, yet no project has been successfully involved as of now, but there are lots of future plans, yet denied. It is very sad that this thing happened.

[Cult]

Every coin out there pumping hard and NEO being dumped hard.

If they went after the founder that's harsh, let's see how centralized NEO is...

Such dump, many REKT.

[dineshary]

hard hit on chinese ethereum.

[Celebrity]

Every coin out there pumping hard and NEO being dumped hard.

If they went after the founder that's harsh, let's see how centralized NEO is...

Such dump, many REKT.

I don't think NEO was dumped hard. NEO is a total hype and this is very normal. The price will be $5 soon, and all of the pumpers will cry for their wrong buy orders. How the hack one can buy a NEO for $55? This is totally meaningless.

[MaryCotta]

NEO has a long way to go, After the crisis caused by the Chinese government

[xaxistech]

Oh yes, another FUD from the chinese, should i believe it or not?... Please.. dont stop investing in this coin because people's panic. Neo is one of the best coins that are here right now, i dont see anything wrong with it. It is at $22 each neo and it will go up for sure, so dont be afraid and dont dump your coins because you will miss a very big opportunity.
Also NEO is launching icos with their technology, so it is gonna pump the price a bit.