I have been researching NEO recently and the founder has a lot of plans for the coin. They are working with Microsoft and recently signed a deal with Adex.
The price is up over 3,000% since the beginning of the year.
It definitely is the Chinese Ethereum, the coins that have been doing well recently are those that have a heavy Asian base community, these folks don't just talk but spend the money behind it...they are very ambitious people, my belief that they are trying to take a major grip on the cryptocurrency space as early adopters
Among other things, it seem like their money never end in the Caribbean, buying up everything and sponsoring every government project, very ambitious people
If NEO is designed to be like Ethereum, then I would say Yes that NEO will possibly be the Chinese Ethereum. If you look at China, they have always produced their own version of each platform available in the west. China will utilise both, having two of each is just like a fail safe system put in place just in case there are interruptions to one or the other. Why be dependent on a monopoly when you can introduce competition.
Firstoff thanks for the video, I've upvoted resteemed following etc etc... My take: I also have been following this one and like you most recently grabbed a few hundred between $8-10 - Midway through the bloodbath that was the 2nd half of July (pre BTC/BCC split), I had previously owned some in the $5-6 range but was forced to "rebalance" i.e. save my ass at the time by liquidating everything to preserve most of my gains and bury and secure enough fiat funs to make my wife happy. And then re-approach the crypto market with a smaller nut - but being able then to sleep through the night and avoid a nervous breakdown almost causing a divorce due to my high stress levels as the markets "corrected" - I had some fairly massive ETH gains and some slightly less massive BTC gains that were slipoing down the toilet, and long story short wasn't able to enjoy our family vacation - honestly vowing not to look at my portfolio while on vacation, we literally saw a giant bear run across the road right in front of us - the kids screamed, it was unreal, never seen that before, and being a seeker of signs - I saw this as a signal from the universe to get out asap into cash, and glad I did BTC was at about 2350 at the time, I got a good friend on a bad connection from our mountain cabin to go to my house plug in my ledger nano, get into my bittrex acct, dump everything including all tokens on my nano and all of what remained of my Eth (had previously sold most 360, 320 post flash crash) after buying it at 18. Damn I am rambling sorry. Transferred it all to GDAX and then to my checking, stressful??? Hell yes, but so goes Crypto. So upon returning from vacation, still married lol, I buried my cash, and was lucky/smart? hmmm tough call, anyway I re-entered BTC with solid position on the upswing around 2050 and ETH after I literally watched to bottom occur around 144, at bought back a good hold at 175ish - and that damn Antshares was itching at the back of my mind, I saw it start moving up, and the Neo branding was about to happen, I got funds over to bittrex and grabbed a good position at about 8-9 range (wish I had gone for 500 or more) but lets not be too greedy. I also got a bit of TenX and OmiseGO, doing not much due diligence except for hearing that Vitalik was investing or involved in both and supposedly had a TenX sticker on his briefcase, that was enough for me. So..... what a couple of weeks!!!!! Unbelievable, here we sit between 40 and 50 reminding me of what? Ethereum just a few short months ago, bouncing around there for awhile, and well... we all know what happened there. It does appear to be happening again. Would it be possible to get TWO Ethereums in 1 year???? Well so far so good. I feel like there is much positive momentum, their wallet has some type of staking feature which I love that potential passive income. Also involved with Microsoft, and trying to gain access to the Ledger Nano Wallet as a safe place to hold our NEO - let's hope that happens. And well, there is China and Asia, quite a bit of money and enthusiasm happening over there. And isn't it only on a very limited amount of exchanges? So far only 50MM coins although I have heard rumors there will be 50MM more but they are planning on disrtibuting them to grow their team (I heard there are only 6 developers) that makes me a bit nervous. But hopefully that number will grow quickly and with solid talent - OK end of my ramble, I am holding, come hell or high water, and just transfered a mere $75 bucks of btc over to buy almost 2 more coins. I am bullish on this one. If it pulls way back, I am going in big, or as big as I can go given current funds. Or gradually chase or accumulate as the price rises, time will tell. Thank you for the great quick video, I am following you now and have upvoted/resteemed etc, peace to you my new friend and let's be patient and see if this thing does have legs. I think that is does. and will move much higher going forward - as we are very early in the game still in Crypto. The Crypto market cap should be around a trillion by the end of 2018, or 2020 at the latest, that's still barely bigger than Apple computer - it is doable, and NEO will be there with BTC and ETH - as the top 3 horsemen I predict. Anyway gotta go back to my kids and being still married - keep up the good work. Best of luck and much love from your new friend who talks a lot, @cryptoted. Cheers
haha yeah I edited it for specific details you are probably correct - however the cash burying was pure embellishment, they can dig for weeks and find nothing. And no - nobody I know, neither my friends or my wive's friends have even heard of Steemit, whenever I speak of Crypto anything I've never seen eyes glaze over quicker, or the subject immediately changes. None of my family of friends are on here, just me. I just had fun writing that, I hope you enjoyed it. I would never say where any cash really is - just got on a rant, it is a true rant, except the details you mentioned. I took them out anyway, take care
good call mindhunter, but don't forget the silver/gold which is SO tempting to dump for more crypto, but selling silver for $16/oz? no way. so it's more like a 33/33/33 split - and also add amzn goog msft nvda and nflx stock, but can't get in there until the stock market falls considerably Good luck to you too.. take care
Down again at 8th place and the price at 33.3 USD. Let't hope that correction is not going on further and the price to go back at 10 USD.
I don't know so good NEO but I didn't understand what is the point advertising it as China Ethereum, does it have something more than Ethereum or is just an advertising campaign after the re-branding that had pushed up the demand for NEO.
Antshares/Neo has been skating all over the place looking for a price home - it kind of scares me at the moment until it finds its true value and home - wherever that may be??
I just saw it at $42, i swear if I could find a chart that showed the early breakout of ETH this spring from 18-50ish and overlayed the recent NEO chart, they would look similar - although NEO has had even a more aggressive initial surge. I say dollar cost average into this beast, give it a bit of time, don't focus on your $USD equivalant balance, just be happy you can now buy more for less money, give it some time, you will be rewarded. That is just my opinion, but by October I predict NEO in the #3 spot behind BTC and ETH and hanging somewhere north of $100 US. good luck
I have been researching NEO recently and the founder has a lot of plans for the coin. They are working with Microsoft and recently signed a deal with Adex.
The price is up over 3,000% since the beginning of the year.
Thanks for the additional info Mike :)
You're welcome!
Steem on @mikej :)
It definitely is the Chinese Ethereum, the coins that have been doing well recently are those that have a heavy Asian base community, these folks don't just talk but spend the money behind it...they are very ambitious people, my belief that they are trying to take a major grip on the cryptocurrency space as early adopters
The Chinese now fully own a Bitcoin and Ethereum alternative!
Among other things, it seem like their money never end in the Caribbean, buying up everything and sponsoring every government project, very ambitious people
Fingers and many pies comes to mind here!
oh my, lol... I know one thing for sure, nothing is free especially when its billions
If NEO is designed to be like Ethereum, then I would say Yes that NEO will possibly be the Chinese Ethereum. If you look at China, they have always produced their own version of each platform available in the west. China will utilise both, having two of each is just like a fail safe system put in place just in case there are interruptions to one or the other. Why be dependent on a monopoly when you can introduce competition.
The Neo and Bitcoin Cash nestling down right next to each other = China happy :)
i think its going down now, many people dumping now for profit.
Yeah, the traders are bowing out now - lets now see who the true bagholders are?! ... and how many of them there are??
Time will tell
It's a mysterious one this one - v.difficult to tell if it'll have the legs or not??
Firstoff thanks for the video, I've upvoted resteemed following etc etc... My take: I also have been following this one and like you most recently grabbed a few hundred between $8-10 - Midway through the bloodbath that was the 2nd half of July (pre BTC/BCC split), I had previously owned some in the $5-6 range but was forced to "rebalance" i.e. save my ass at the time by liquidating everything to preserve most of my gains and bury and secure enough fiat funs to make my wife happy. And then re-approach the crypto market with a smaller nut - but being able then to sleep through the night and avoid a nervous breakdown almost causing a divorce due to my high stress levels as the markets "corrected" - I had some fairly massive ETH gains and some slightly less massive BTC gains that were slipoing down the toilet, and long story short wasn't able to enjoy our family vacation - honestly vowing not to look at my portfolio while on vacation, we literally saw a giant bear run across the road right in front of us - the kids screamed, it was unreal, never seen that before, and being a seeker of signs - I saw this as a signal from the universe to get out asap into cash, and glad I did BTC was at about 2350 at the time, I got a good friend on a bad connection from our mountain cabin to go to my house plug in my ledger nano, get into my bittrex acct, dump everything including all tokens on my nano and all of what remained of my Eth (had previously sold most 360, 320 post flash crash) after buying it at 18. Damn I am rambling sorry. Transferred it all to GDAX and then to my checking, stressful??? Hell yes, but so goes Crypto. So upon returning from vacation, still married lol, I buried my cash, and was lucky/smart? hmmm tough call, anyway I re-entered BTC with solid position on the upswing around 2050 and ETH after I literally watched to bottom occur around 144, at bought back a good hold at 175ish - and that damn Antshares was itching at the back of my mind, I saw it start moving up, and the Neo branding was about to happen, I got funds over to bittrex and grabbed a good position at about 8-9 range (wish I had gone for 500 or more) but lets not be too greedy. I also got a bit of TenX and OmiseGO, doing not much due diligence except for hearing that Vitalik was investing or involved in both and supposedly had a TenX sticker on his briefcase, that was enough for me. So..... what a couple of weeks!!!!! Unbelievable, here we sit between 40 and 50 reminding me of what? Ethereum just a few short months ago, bouncing around there for awhile, and well... we all know what happened there. It does appear to be happening again. Would it be possible to get TWO Ethereums in 1 year???? Well so far so good. I feel like there is much positive momentum, their wallet has some type of staking feature which I love that potential passive income. Also involved with Microsoft, and trying to gain access to the Ledger Nano Wallet as a safe place to hold our NEO - let's hope that happens. And well, there is China and Asia, quite a bit of money and enthusiasm happening over there. And isn't it only on a very limited amount of exchanges? So far only 50MM coins although I have heard rumors there will be 50MM more but they are planning on disrtibuting them to grow their team (I heard there are only 6 developers) that makes me a bit nervous. But hopefully that number will grow quickly and with solid talent - OK end of my ramble, I am holding, come hell or high water, and just transfered a mere $75 bucks of btc over to buy almost 2 more coins. I am bullish on this one. If it pulls way back, I am going in big, or as big as I can go given current funds. Or gradually chase or accumulate as the price rises, time will tell. Thank you for the great quick video, I am following you now and have upvoted/resteemed etc, peace to you my new friend and let's be patient and see if this thing does have legs. I think that is does. and will move much higher going forward - as we are very early in the game still in Crypto. The Crypto market cap should be around a trillion by the end of 2018, or 2020 at the latest, that's still barely bigger than Apple computer - it is doable, and NEO will be there with BTC and ETH - as the top 3 horsemen I predict. Anyway gotta go back to my kids and being still married - keep up the good work. Best of luck and much love from your new friend who talks a lot, @cryptoted. Cheers
Probably not so smart mentioning it on here :) Just be sure one of your wife's friends are not on here!
haha yeah I edited it for specific details you are probably correct - however the cash burying was pure embellishment, they can dig for weeks and find nothing. And no - nobody I know, neither my friends or my wive's friends have even heard of Steemit, whenever I speak of Crypto anything I've never seen eyes glaze over quicker, or the subject immediately changes. None of my family of friends are on here, just me. I just had fun writing that, I hope you enjoyed it. I would never say where any cash really is - just got on a rant, it is a true rant, except the details you mentioned. I took them out anyway, take care
If I were you I'd keep a 50/50 mix of fiat cash and stacked BTC! Good luck Ted! Steem on!!
good call mindhunter, but don't forget the silver/gold which is SO tempting to dump for more crypto, but selling silver for $16/oz? no way. so it's more like a 33/33/33 split - and also add amzn goog msft nvda and nflx stock, but can't get in there until the stock market falls considerably Good luck to you too.. take care
The Ted Triple spread - I'm liking that mix!! Steem on my friend!
hope neo it s not a hype :D
This Chinese want to hedge their bets with Neo for Ethereum just like Bitcoin Cash does for Bitcoin!
haha, ethereum has already etc
Down again at 8th place and the price at 33.3 USD. Let't hope that correction is not going on further and the price to go back at 10 USD.
I don't know so good NEO but I didn't understand what is the point advertising it as China Ethereum, does it have something more than Ethereum or is just an advertising campaign after the re-branding that had pushed up the demand for NEO.
Antshares/Neo has been skating all over the place looking for a price home - it kind of scares me at the moment until it finds its true value and home - wherever that may be??
Maybe the effect of bitcoin
All boats rise with the Bitcoin tide - though I'm not sure what happened to the Steem price right now??
I just saw it at $42, i swear if I could find a chart that showed the early breakout of ETH this spring from 18-50ish and overlayed the recent NEO chart, they would look similar - although NEO has had even a more aggressive initial surge. I say dollar cost average into this beast, give it a bit of time, don't focus on your $USD equivalant balance, just be happy you can now buy more for less money, give it some time, you will be rewarded. That is just my opinion, but by October I predict NEO in the #3 spot behind BTC and ETH and hanging somewhere north of $100 US. good luck