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RE: Why I am accumulating NEO GAS
I am actually accumulating NEO myself and listed it in my top 5 for 2018. With GAS, however, I am formulating a different opinion.
There has been a long-held belief in the cryptoeconomy that Ethereum's price is held down by the constant dumping of ETH raised during the ICO phase of ERC20 tokens. Many NEP5 tokens are creating "NEO reserves" where instead of dumping all the NEO raised during ICO, the NEO is held and the GAS sold off to fund ongoing development.
This should have two effects. It will reduce the supply of NEO on the market and increase the supply of GAS. This coud see GAS prices pushed to an even lower ratio to NEO than we are currently seeing.
Great article!
Fish
Thanks for the perspective bro! I have to admit I'm not an expert in NEO, it's not a major position of mine, so I've not had the time to research as deeply as some others. It's great to have your input here on this. I do want to find out more, as I honestly think the ICO ban will be lifted at some point and NEO will be a major player.
At the same time I think market hysteria will play a large part when these coins do start to rise. Once the hype kicks off I think the fundamentals will take a back seat. I mean just look at EOS, they're printing 2 million tokens a day, and it didn't stop it going 20x!
Good informations thank you very much it helps!