NEO = SCAM? Did the Chinese just rob the cryptomarket? Yes...and ... at a Chinese state level.
Neo is the chinese ETH, smart contracts, ICO sale...etc
Let's see what I mean by robbing.
To buy in an ICO sale you had to pay NEO...at a high price...'cos it is a very smart coin...chinese ETH.
So you had to pay high price on NEO....to the chinese.
The chinese sold the NEO at that high price....for another coin or even for USD.
Now they ban ICO sale...as a result NEO crashes....NEO is dead, even their website is offline, NEO can no longer make ICO sale.
And they say they will refund....guess in what coin....a worthless NEO ....because NEO is what ICO buyers payed.
Smart robbing ....what can I say....I think they got a lot of money...bip...bip...bip China ( starting with an "f" not a "b" from "bip")
The NEO website is online https://neo.org/ Stop spreading FUD. NEO will be fine. Nobody stopped drinking during prohibition and cryptos are alive and well in China. The government knows billions of dollars are flowing into their economy because of crypto and they want to control it.
It is My opinion....and the site was offline and still is. But if you really believe what you say.....be my guest...buy NEO now at -40% price :))
Microsoft is working closely with Neo team and seeks big potential in Neo, look at the technical specs and you will get to know what Neo blockchain is achieving. Your information and perspective about the Neo currency is not correct, Neo is a worldwide blockchain; just because the origin is in China doesn't mean it will support just Chinese markets :D
again....this means I am wrong. It is just my opinion. Buy cheap NEO then. :D If you are right it will be my loss.
I have purchased Neo when it was called antshares at $ 2 as well :)
I don't believe in purchasing aggressively rather average out your purchases in such volatile market. There are multiple dimensions for prices going up and down that include demand, supply, hype, rumors, corporate players, market regulators, bots, etc. but the biggest factor that makes the difference is fundamental of that crypto currency i.e. what they are doing and how different they are from rest of the cryptos.
My wishlist at this time in the market (when it is having a down trend) is to purchase and average out
Based on my previous experiences, getting such good prices is not something you will see frequently; specially when the crypto space has inflated over $ 150 Billion (1024% growth from last year).
At this time in market the mantra to make profit is:
Buy today and forget, rest ensure you will make profit in coming months.
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