timikulit (OP)
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November 21, 2017, 03:50:39 AM |
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What happened to NEO?
Is this the beginning of crash?
After breaking and creating a new high it suddenly falls into the floor how bad. There is no signs of recovery
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Acguy
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November 21, 2017, 03:55:28 AM |
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It went up on rumors so it was expected.
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jackjohnes23
Newbie
Offline
Activity: 41
Merit: 0
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November 21, 2017, 04:04:05 AM |
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What happened to NEO?
Is this the beginning of crash?
After breaking and creating a new high it suddenly falls into the floor how bad. There is no signs of recovery
I recently read an article of one guy on reddit that is mentioned by NEO itself, and he says that NEO is full of problems that could be hardly solved. They are centralized, they are not active on GitHub, they have fishy projects on their blockchain. I'm not investing, cause it really looks weird.
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lobo13hf
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November 21, 2017, 04:14:48 AM |
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What happened to NEO?
Is this the beginning of crash?
After breaking and creating a new high it suddenly falls into the floor how bad. There is no signs of recovery
Because that was a fake news and not a real news from the china's government. at least that was giving a bull trap for every one. Those taking a lot of profit from the neo pump and another person were losing a lot on it. How the people in these days are believing about the fake news from the unreliable site.
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Ereun
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November 21, 2017, 04:15:16 AM |
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I think NEO has a good chance in the future, but I do not see if it will make it into the top position (best coin value). I think NEO can throw in a little more.
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FulxilCoris
Member
Offline
Activity: 123
Merit: 11
www.fintropy.io
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November 21, 2017, 04:54:08 AM |
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Neo not crash, some weak hand trader sell their Neo to buy Bitcoin for some reason and it soon go to moon. I will buy more Neo now
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ChinkyEyes
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November 21, 2017, 05:00:28 AM |
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Fake news got it pumped, I sold my Neo a bit too early but I can't complain. Profit = profit Now just sit back and buy Neo at a lower price. A lot of alts have been pumping these two days and it seems the correction is coming. I almost feel sorry for the people who bought NEO at 42 dollars.
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Red_Sanford
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November 21, 2017, 05:17:13 AM |
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Buy the Rumor and sell the news. The price went up on a false rumor after sitting at 30 for a long time. I sold at 40 and will rebuy in the 20's. Same old song and dance.
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Nefarious
Member
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Activity: 214
Merit: 10
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November 21, 2017, 05:47:27 AM |
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NEO just teased some upcoming news the other day & hype went into overdrive about what it could be, to the point that when the news finally hit (announcement of a dev competition co-organized between NEO & Microsoft) people were pissed & felt lied to because they bought into the hype. This mornings 'crash' was just those who bought into the hype overreacting & selling off. The price already seems to be recovering a little & the long term prospects for NEO are still extremely bullish.
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ahkiatt
Newbie
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Activity: 163
Merit: 0
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November 21, 2017, 05:58:29 AM |
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Honestly do not think NEO's price will be mooning anytime soon unless we get some good news from regulators.
This "crash" was caused by overhyped news. Same thing happened a while back with a similar announcement which led to nothing significant.
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sofakingporkhunt
Member
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Activity: 70
Merit: 10
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November 21, 2017, 06:00:02 AM |
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It was a buy the rumour sell the news pump, but I don't doubt NEO will continue to grow in the future.
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carlisle1
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November 21, 2017, 06:11:56 AM |
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What happened to NEO?
Is this the beginning of crash?
After breaking and creating a new high it suddenly falls into the floor how bad. There is no signs of recovery
I recently read an article of one guy on reddit that is mentioned by NEO itself, and he says that NEO is full of problems that could be hardly solved. They are centralized, they are not active on GitHub, they have fishy projects on their blockchain. I'm not investing, cause it really looks weird. really it is,another publicity for Neo so many users will be trapped and another victims of fake news is born.hope this will serve another lesson to the greed who always believe for quick income.lets remember that the profit must be earn by hard work.not just in a glimpse on an eye you will become richer.
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5thFear
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November 21, 2017, 06:18:26 AM |
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Well, there were rumours about neo and microsoft attachment.. i m not sure if they r true or false but there were these news and i think they caused it to jump high and then the bubble bursted and neo crashed.
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topesis
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November 21, 2017, 06:28:17 AM |
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Buy the Rumor and sell the news. The price went up on a false rumor after sitting at 30 for a long time. I sold at 40 and will rebuy in the 20's. Same old song and dance.
I always tell people that the difference between those making profit and loss in this space is application of knowledge, crypto is one of the best asset that feed most on rumour and you can be making a kill on trading it
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Herbert2020
Legendary
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Activity: 1946
Merit: 1137
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November 21, 2017, 07:07:43 AM |
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whenever an altcoin price rises too fast and it reaches a much higher price compared to its previous (starting) price that means you should be expecting a dump pretty soon after the pump has ended. the higher it goes the harder it will fall because it will be a lot more tokens in hands of panic sellers who will dump on a thin market that will crash the price.
that is exactly what starts to happen to NEO. it was pumped and now the pump is coming to an end and market starts correcting itself pretty soon with big dumps beginning. although sometimes there is a small trace-back when price goes down a little from a dump before continuing to get pumped but this doesn't see like one for NEO.
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Weak hands have been complaining about missing out ever since bitcoin was $1 and never buy the dip. Whales are those who keep buying the dip.
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megget
Member
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Activity: 140
Merit: 12
Blockchain Identity Verification
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November 21, 2017, 07:51:48 AM |
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https://storeofvalue.github.io/posts/major-neo-redflags/The following facts about neo make you think seriously about the significance of the project. I am the holder of Neo and I am concerned about these facts. I honestly do not understand how the neo's capitalization is higher than the Waves, while on neo only 1 ICO is done.
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uslfd
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November 21, 2017, 08:00:21 AM |
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NEO was centralised to begin with. That's what gave hope to the fact that it might be used by Chinese govt. Because anything used by Chinese govt will have to be centralised.
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neinnein125
Sr. Member
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Activity: 475
Merit: 251
VTOS
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November 21, 2017, 08:01:28 AM |
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Chinese fake news affected neo price. Wise investors understood this and they took their chance to wait and dump right after. I think they are happily celebrating now with money they just made out of thin air.
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Catmony
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November 21, 2017, 08:03:54 AM |
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This can bring price of NEO back to under $20 or anywhere between $20 to $25. I used to hold significant amount of NEO before but I have heard all of this concerns in past too. I have zero NEO right now and I am not willing to hold any of them in future too.
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nikisev
Full Member
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Activity: 266
Merit: 101
Im the very decease you pretend to be
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November 21, 2017, 08:15:12 AM |
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Sure NEO is wild speculation. But considering rest of the projects in the mix , they are ok i guess. If they find good manager to push some tech in proper direction, may be good value. If not they are still very high volume, that alone can support the whole deal. Ill hold my coins for now. Lending on bitfinex is good. So what the hell.
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