[PANIC ALERT] NEO DROP - CHINA ICO REGULATION
If you're not going to read through the end, here's the conclusion: DO NOT PANIC!
Following China's regulators discussions to suspend all in-land ICO, a minor panic wave hit the NEO market. This came just at the dawn of another bad rumor that NEO Wallet was hacked.
The charts gave thousands of people a mini heart attack when it dropped to 0.00645500, a threshold crossed over since August-10, before the big bull ride.
Experts are naturally advising, at the present hour, to buy-in NEO.
This is due to 3 simple facts:
- Crackdown on ICO never works: Remember Venezuela and Russia
- Even if strict regulations are enforced, the government spoke nothing of banning ICOs. These are impulsive measures that they will eventually have to adapt and cope with
- VPN, VPN, VPN... Needless to say, it's not rocket science to bypass IP location restrictions and still participate.
Good luck to everyone hodling NEOs.
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Consider yourself lucky if your not holding NEO.
If CHINA is giving you a warning consider yourself lucky again if you are holding.
Buy ETH ,BTC , LTC instead imo .
Or just listen to the author and don't panic .
It was only a panic storm for a couple of hours. More of the same will come for sure. NEO itself is not in ICO, so in my opinion RED PULSE might have taken a slap.
On the long run, China is implementing a regulatory body to govern these new ICOs. This is by all means good news to everyone.
I hope you many had the guts to buy at 29.x, we might never see NEO this low ever :)
Cheers!
Hate to say so but told you ...writting was on the wall ..China gave you a heads up and you ignored it ..
Trading stocks for over 20 years , I'm not a newbie in investing like everyone here on steemit ...
Long BTC/LTC everything else is just a gamble ...Good luck
upvoted and followed you if you like fitnessallione please follow me....