NEO - Just A Correction Or Something More Serious?
I woke up this morning to find NEO down 17% on the dollar and 20% down on BTC. Immediately after yesterdays flash crash NEO recovered a lot of it's losses but has since slid back towards the bottom it hit yesterday at around 0.0065 BTC. The crash was caused over fears of China cracking down on ICOs, with reports emerging that they may even ban them until they find a solution for regulating them. However, nothing has fundamentally changed with NEO, and any regulations might help the platform to gain long term confidence from Chinese investors. The following video from DataDash explains in more detail.
Personally I've taken this opportunity to top up on a little extra NEO as I believe that the losses we have seen over the last couple of days will most likely be recovered over the coming days/weeks. Also NEO is looking strong around the support level of 0.0065BTC where it is currently sitting more or less so this could be a good chance to buy in at the bottom...time will tell. What do you think? Is this a good opportunity to buy or could it be the start of a bear run for NEO?
This is good ole accumulation time :) NEO shall be taking liftoff to the moon and beyond
I think you should wait a couple of days more
Looking alright so far but we'll have to see what happens...
inclined to be strong hands on this, not panic as fundamentals for NEO intact (China's ETH). I haven't gone as far as adding as I'm after other crypto positions first but not selling. Good post upvoted.
Thanks, fundamentals haven't changed although these moves from the Chinese government have put some doubts in investors minds. Apparently the first ICO launched on NEO isn't available for Chinese citizens
ah ok , I didn't know that, seems odd they can't participate, perhaps the authorities will think better of it later
been having my eyes on it as well, might take the step for some investment.
Nice, just be careful as NEO has already gone up a lot recently. Any other coins you've got your eye on?
steem! hahahaha, no for real... I am slowly investing in steem since i use the website a lot.. so it's a very cheap and natural choice for me. Do you got anything else under the radar? I did consider a for sure win coin such as Litecoin.
There are tons of new and exiting projects going on in crypto at the moment. I'd recommend checking out Civic, EOS, Ethereum, OmiseGO and Taas... to name just a few
Ever looked at IOTA? i made a small investment there:)
Litecoin for me isn't too exciting, it's quite stable but long term I don't really feel like it has much to offer over the other currency coins
The LTC hype is bound to push it into over valuation. I would buy short term during a bust then sell during a boom
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It obviously, is a crash! Sell on the next spike then buy on the lowest low
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