NEO: back on the hectic news of the week

Knowing how to manage your investment community is a crucial element in any business activity. This is even more true in the world of cryptocurrency as evidenced by the recent misunderstanding between investors and the NEO development team.

Angry investors

Investors and former supporters of the NEO project attacked the development team on social networks and community forums about what they consider to be deceptive behavior. The company defended itself against these attacks by stating that it was "baseless FUD".

It all started with a sequel to the NEO team insinuating that important news would be coming soon. Many investors have taken this as a buy signal and the price has exploded. We have even seen rumors that these announcements may be related to a possible change in the regulation of ICO in China.

A market that reacts with a quarter turn

The problem is that when the date of the so-called grand revelation arrived and nothing happened except a conference with new developers, the traders reacted angrily and many sold their NEOs doing drop the price. When NEO subsequently announced the publication of a white paper on a decentralized platform for cryptographic exchange and payment, many of their fans, still angry, gave little credit to the news.

Some sympathizers have even expressed concern that this type of behavior could encourage regulators to crack down on cryptocurrencies and ICOs. In comparison, in the traditional business world, if someone is referring to an upcoming major announcement that could push the price of a stock up or down, to a select group of investors, detrimental to the general public, it can be prosecuted for insider trading.

Warning to NEOConnect

At the moment, it's fashionable, everyone copies the "business model" Bitconnect, the most famous cryptographic Ponzis we warned you a few weeks ago. After ETHConnect, it's the turn of the NEOConnect ... We take this opportunity to remind you that it is very risky and unethical to invest in this kind of ponzi pyramid even if it can be very profitable if you are one of the first to invest. We strongly discourage you from encouraging these kinds of systems that promise incredible ROI and end up leaving poor, gullible investors on the wall.