Topic: NEO - The Ethereum of China (Invest before you regret) - page 18. (Read 18653 times)

Well this is bad news for those who have invested at high prices. And also good news for those who are still thinking of investing. Might as well wait for the price to get lower still. Possibly then we can consider investing.

With current news about china this topic looks like deserted planet in the big universe. Lols. They are not even in the position to accept ICO projects now and how they are supposed to create a all new ethereum blockchain at their home. This is not possible and I don't care what others are saying here positive or negative but now I know China is most untrusted market in the world and they are here to manipulate it that's all. Must stay away from them.  

In general this is a sensible and time-tested strategy.

However, with news like this you are potentially looking to
lose 90 % or more of your current investment, because the major - if not the only - use case in the biggest market in the world
(after all China has the biggest population) suddenly vanished.

Besides, many countries could follow with similar measures. South Korea has already followed the Chinese and other
countries are looking to adopt similar policies regarding the legality of ICOs.

china is also a communist country so we really cant say what their government can do regarding to this matter but for sure people who believes into
crypto will also do their best, time to buy cheap NEO I guess and allow this concerned be discuss inside the exchange.

NEO is too hyped recently, and the recent drop is just cooling down a little bit. I would say regulation is needed for ICOs in China since there are so many scammy ICOs lately.

people in China still use facebook, google... what can stop them?

To late pessimists! You are just trying to lower the price so you can jump in.

This is what the released this morning in chinese!

Dear NEO Community :
First of all, thanks to all the participants in the community for NEO has been the support and contribution. The open source project NEO has been developing healthily since its inception in 2014 .
NEO focuses on the underlying technology of the chain chain , providing digital infrastructure, digital identity and intelligent contracts for the future of the intelligent economy to provide the basic network. NEO original research and development of the DBFT consensus mechanism, NeoContract intelligent contract system, NeoX cross-chain agreement and many other original technology. NEO is a technology-oriented community that focuses on the underlying technology of the block chain.
Looking back 1 year ago , NEO completed the world's first returnable ICO, of which about half of the participants came from overseas. From 2016 Nian 9 Yue 7 Ri ICO as of 10 Yue 17 Ri NEO during the main-line line , all participants can choose a full refund Bitcoin has been invested. In the said period , a total of 15 people applied for a refund of the participants , a total return of 50.308364 bits coins. This global first return mechanism protects the interests of the participants to a considerable extent.
With the development of the community , NEO has grown from a start-up by the Chinese open source project , it has become a largest in the world , and has a large foreign community and developer of the world's leading public chain. Today's NEO Council has sufficient resources to support technology research and development and ecological construction in the next few years. Combining the regulatory requirements for ICO in the world , we decided to continue to allow ICO participants to return the bitcoils they invested. Seed round, ICO1 , ICO2 participants are available on 2017 Nian 10 Yue 17 contact before [email protected] , the NEO specified address sent to participate in the Council of ICO all obtained NEO, NEO Council will return participants accordingly All the bits of money that had been invested.
In 2016 years to the ICO time , we have clearly shown that NEO is a community-driven, non-profit community-sponsored open source project. In addition to working hard to build NEO products and ecology , we also hope to contribute to the community in other ways. Therefore , for the above did not choose to return scheme seed round, ICO1 , ICO2 participants , we will be in 10 Yue 18 days , in accordance with the degree of contribution of participants , given the appropriate feedback. The specific plan is announced separately.
In addition , the NEO Council is actively promoting the NEO community in the existing legal framework , continue to healthy and steady development. In the fourth quarter of 2017 , NEO will use the international legal team to develop a legal framework that meets the requirements of the world's major national compliance requirements for use on intelligent contracts on NEO .
Consecutive development is the only way for the chain chain industry to grow to a certain stage. We are very fortunate NEO team on the design philosophy, the consensus mechanism, management chose the route of compliance from the start , so can well cope with future challenges and opportunities. NEO community look forward to your participation and advice , thank you again for the NEO community to accompany and support !
NEO Council 2017 Nian 9 Yue 5 Ri

I think it's a foregone conclusion that the Chinese government with regulate crypto - they try to regulate the internet, what's to stop them?

Yes, I think the NEO will have a hard situation now and if the Chinese government do not relax the policy, it will be very hard. One the other side, I do not think the Chinese government will restrict the cyrpto market.

Among the doom and gloom here's what I don't get:

1.  China has banned/made illegal ICOs for now.  But isn't the general feeling this was a step that will lead to regulation ... eventually opening up a more legitimate ICO market place?

2.  If a start up in Spain (or pick your country) wanted to use NEO as the platform for an ICO the Chinese could stop this?  Certainly the government could ban its citizens from participating... but why can't 99% of the rest of the world still use NEO as an ICO platform?  I guess the government could arrest the NEO team thus ending everything... but seems go me the government is essentially trying to protect it's citizens  (scam ICOs).  With NEO itself being based in China... it's unclear how far the govt tentacles can reach with regard to this?

As a side note... Red Pulse (Hong Kong) has delayed their ICO but still hasn't cancelled it.  Interesting to see what ultimately happens there. 

That's always a good point to remember. Huge gains do not come without risk of loss.

Anything that rises can also fall. Absolute zero is the remotest possibility but 50% or even 90% is still within the realm of reason. NEO took a huge hit, makes people like me breath a sigh of phew. With all the regret for not getting in early, there are also the reliefs of not getting in just before the dip. Time will tell, but this price is just SO tempting now!

Everyone who buys a coin which has just risen 100X+ within a few weeks should consider the remote probability that he or she may end up losing all or most of the money...

But that's very normal for this market when any kind of bad news comes along. This should be no surprise to anyone.

China considers ICO illegal, NEO + altcoin sharply reduced.

NEO is getting absolutely rekt.  This was a really big hit for NEO with the banning of ICOs in China. 

At present, it has fallen sharply.  That is sad !!

I agree on that one. I dont think we should trust too easily that China will just clear the way for ICOs and cryptocurrency in general in the future. Its very hard for them to control and we know china do love to control things.

The news China gov have idea block ICO had published a month ago. But people dont care about it.