Topic: Reinvest GAS (Read 347 times)
that is what i will be doing. when i get enough GAS to buy 1 NEO i will. makes a lot of sense if you want to hold for a long time
The best is the keep both, and continue to collect gas as long you can wait. As you may know, both can raise in value and are tradable on the free market.
Owning Neo is just a share in the company. Where as Gas is the currency spent to operate Neo, to create contracts and so on. Holding Neo you won't get much gas unless you have a lot of Neo. Better off just selling your Neo and buying Gas. Gas price will go way up in the future once Neo is in actual usage.
So if my NEO shares produce a fix amount of GAS and the price of NEO and GAS correlate direct proportionally wouldn't it be wise to reinvest the claimed GAS back into NEO rather then just keeping the GAS?
It depends on your opinion.
Theoretically more the NEO, more gas you'll get and more the profit.
But, it might not be as feasible for a trader.
So if my NEO shares produce a fix amount of GAS and the price of NEO and GAS correlate direct proportionally wouldn't it be wise to reinvest the claimed GAS back into NEO rather then just keeping the GAS?
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