NEO - Do you know why you should HODL NEO?..NO NO NO NOT GAS!
Are you a crypto trader?
Have you been trading NEO?
Do you also invest and trade ICO"S?
Trading and investing in this volatile market can be incredibly rewarding but we can also be missing out on future profits by jumping the gun and not waiting for the optimal time to sell OR not utilizing the tokens potential for future use
When you first start trading you normally start with a small amount of capital, and the fastest way to "Build your Stash" is to Day Trade unless you strike it lucky and the first coin you invest in hits 10x overnight which can happen, but most of the time won't :) .
Anyway, my point is that for a new trader to crypto it is hard to holdl anything because you need to flip everything faster to keep investing in potential crackers you spot.
But I am going to give you some advice that will test your patience but will benefit you huge in the long run.
Ok so why hold NEO?...Let's look at why this is going to be a huge and potentially a massive investment.
I know what you're thinking lol..your thinking ahh he's going to talk about GAS ..am I correct?. Nope, not Gas.
So let's first understand exactly what NEO is and what it is trying to achieve.
Neo is China"s first open source public block chain.
NEO is a Smart asset platform it takes traditional assets and converts them into digital assets combined with Smart contracts. The Decentralized assets are protected by digital certificates.
So what makes NEO special?
Neo's purpose is to map real world assets using smart contracts and to enable businesses and individuals safely and legally manage smart contracts. NEO supports multiple digital assets and is also Turing complete, but it also supports more coding languages and will support more in the future.
NEO is a direct competitor of Ethereum but has a few distinct advantages which include:
- More supported coding languages
- Faster transaction times because of the ability to support Dockers
- Superior scalability utilizing a lightweight stack VM
NEO is already working with startups that will enhance the usability and make the NEO platform easier to write smart contracts for none techy none coder types like myself, lol
Agrello will help us none techies create smart contracts
Coindash which will offer predictions tools for Nest investors
Nestfund is setup to strengthen the network and avoid major issues like the DAO hack on the Ethereum network.
Binance Which is a new exchange that will only be listing selected digital assets
Ok so getting back on trackjust to make my reason for holding NEO more tastier I have to mention GAS just because if I don't it wouldn't be right lol
So what is GAS? Simply put it's like the gas you use on the Ethereum network (you know that shit that reminds you of paying high fees for everything in this world) however it has a huge advantage, actually 2 advantages. 1. When you hold NEO in the wallet you earn GAS like you would with any other POS coin, but secondly, you can also trade it on the exchange..How cool is that, and it is worth a ton!
NOW LET'S GET TO THE NITTY GRITTY
Ok so if NEO is competing with Ethereum, what is it that keeps the price of Ethereum up?. Well, whats one of the major reasons Ethereum keeps a high price? -------ICO'S BABY!
Now I never invested much in Ethereum when it was cheap because, to be honest, i couldn't afford it, and even now it is hard to keep purchasing it to fund some of the more profitable ICO'S that are gracing us with their presence.
So my simple theory is this: If you have nailed the art of knowing what ICO'S to invest in and have made some awesome profits, then if another Ethereum comes along and they will be doing the same thing, then doesn't it make sense to buy NEO simply for the reason of using the tokens to invest in future ICO'S that will be built on the NEO Blockchain?....oh and don't forget you can earn some GAS along the way lol.
Well that my friends is one of the ICO'S that will be on the NEO platform and will be accepting NEO Tokens only, and it is solid as hell.
So what does that tell me? That tells me there is no way in hell I am missing out on the potential ICO'S coming up on NEO. I have stopped trading (only accumulating now)NEO and will hold and hopefully take full advantage of the future ICO opportunities i know are on the way.
Everyone invests at there own risk and I know you have heard this 100 times before. ONLY INVEST WHAT YOU CAN AFFORD TO LOSE and I am not telling you what to do or even that what I say is right, but I know I am lol, so take the info as you see fit :)..But good luck and Happy Hunting in the crypto wild west!
When all is said in done it boils down to this: Like ETH you will need NEO for the ICO'S so why not increase your stash before NEO goes crazy like ETH has.
I will admit I shot myself in the foot by originally trading it and taking small profits but I have woken up and changed my investment plan....Don't say i didn't tell you so lol.