You are viewing a single comment's thread from:

RE: Should You Take the Red Pill with Neo?

in #bitcoin7 years ago

I currently see a lot of people hating Neo without actually looking at the broader picture. Yes, Neo rose quickly and is now falling almost as rapidly. However, when we look at the crypto market overall we can see that nearly all altcoins are currently falling. This is because everyone appears to be selling their altcoins and putting them into Bitcoin cash, which has been rising steadily for the past few days.

I personally think that all of the negative news towards Neo is being generated by traders since traders thrive in volatile markets and by people who feel as though they "missed the boat." When Neo was trading at $8-10 there was tons of positive NEWS telling us how great Neo is and to buy. Now that Neo has risen and is falling back there is tons of negative NEWS telling us to sell.

Give it a month or two. Once the Bitcoin cash frenzy settles, and then we will see where Neo truly stands.