NEO price recovering after earlier panic sell regarding Red pulse ICO banning chinese individual investors
There was a tweet in China this morning that NEO's first ICO Red Pulse would not be able to accept individual investors due to Government regulation. The article below points out that all it says is Red Pulse doesn't meet the requirements - not that no ICO will be possible. Some people sold in a panic and the price dropped fractionally to just over $29 but it is back up in the high 30s again now. I don't think this alone jeopardises NEOs future
http://usethebitcoin.com/regulations-in-china-regarding-icos-affect-neo-price/
Thanks for being on top of the NEO News. Much FUD about. One Slack Channel member stated the CEO of NEO had been arrested! I couldn't find mention of it in a search. In any case, the Red Pulse Release appeared proactive and not much different than ICOs that restrict citizens of USA participating...
Seems regulators around the planet are in a bit of a muddle and without consensus as to how to treat cryptos in general and ICO/ITOs in particular. The reactions of too many politicians regarding bitcoin, which displays their abysmal grasp of "Change," is like watching the Wizard of Oz being discovered for who/what he is.
I reckon Estonia wins First Place for being on top of Change with its eResident policies and progressive attitudes. Now seems like a good time for me to plug the BitNation concepts. Cheers.
Totally agree. Thanks for extending the discussion with your thoughtful contribution.
Wait, Isn't Neo trading on Bittrex. https://bittrex.com/Market/Index?MarketName=BTC-NEO
Absolutely, it trades there.
I was referring to regulators/cryptos in general throughout the world. The post by the Red Pulse ICO appears to only affect Chinese citizens.
Some countries are embracing blockchain/cryptos and finding value - regrettably, other more conservatively oriented nations seem to fear their loss of control over money systems, read taxation and privacy, and are doing all possible to stymie adoption of the technologies. Like Star Wars, The Empire Always Strikes Back. And, like Star Wars, the Empire - long term - is not as adaptable and nimble as segments of their populations.
Thanks for the link and i guess its a nice move to prevent a single person for fluctuation the market with their moves good for all :) i guess what you think
yes
Finally... I had a heart attack since buying it at a high point..... will never try that stunt again.
Excellent news who invented in NEO. .😊
Upvoted for you @katythompson..👌👍
Tnx for the update and the link. I wil read up on it a bit.