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Topic: Why has the price of NEO increased so much? (Read 3532 times)

sr. member
Activity: 462
Merit: 250
August 20, 2017, 04:01:19 PM
#41
Hype creation is really a powerful tool to increase the value of a coin. I think there is effective hyping of this coin. Aside from the good marketing skills of the team, the people behind NEO are really great. Plus the market they are targeting is not a small one but a really really huge one. That is china. More than 1/5 of the world's population comes from there.
That could explain the sudden growth,I also think that all that happened when they changed the old name of Antshares to Neo then  maybe they probably have a very active team that take care of the smallest detail.
member
Activity: 71
Merit: 10
Sold 60% of what i hold when i heard they put buying bots one the exchanges. I knew it was to good to be true. Took a chance and bought BCH

Where did you hear this?
full member
Activity: 210
Merit: 100
Sold 60% of what i hold when i heard they put buying bots one the exchanges. I knew it was to good to be true. Took a chance and bought BCH
newbie
Activity: 37
Merit: 0
First dAPP in partnership with AdEx caused excitement
sr. member
Activity: 658
Merit: 250
I think neo has the same technology like that of wave and since is Asia project many of the China traders will likely invest in it than wave. Neo price has s just began it is not in bubble yet I do believe that days to come we may see this project compete with litecoin. Now is the best time to buy when it is cheap.

In trading this mind of coin it's really nice to invest while price was still cheap, because when the price gains good price the profit will be enjoyed so much. For now I don't exact see the actual trend to swing the price again because many of the investors already buying and some of then waited for possible price increase. The demand keeps rising and only few of them were dumping an assets, yet it's not as progressive with other coins that fluctuations happened to be unpredictable. I can see neo is becoming stable for a moment, but we should be careful because it might surge higher in a few minutes which you could have a great chance to benefit the profit and earn a good selling price.
sr. member
Activity: 924
Merit: 260
I think neo has the same technology like that of wave and since is Asia project many of the China traders will likely invest in it than wave. Neo price has s just began it is not in bubble yet I do believe that days to come we may see this project compete with litecoin. Now is the best time to buy when it is cheap.
member
Activity: 71
Merit: 10
It increased so much because of FOMO, hype and FUD. When people will start realise this is just an empty altcoin, the price will plummet !

It seems like it's doing okay, it's definitely fluctuating, but that is to be expected. I mean, there has to be some reason for all the hype, right?
newbie
Activity: 2
Merit: 0
It increased so much because of FOMO, hype and FUD. When people will start realise this is just an empty altcoin, the price will plummet !
member
Activity: 71
Merit: 10
Do your DD. I'm sorry for the people who missed the train.

http://www.investopedia.com/news/china-new-ethereum-neo/

Can you stop spamming on every NEO related thread with the same opinion and link?


SO many things wrong with that article also.

Like what?

Did you read it? It has zero information in it. Plus, it reads like it was written by a child.
sr. member
Activity: 1400
Merit: 273
Hype creation is really a powerful tool to increase the value of a coin. I think there is effective hyping of this coin. Aside from the good marketing skills of the team, the people behind NEO are really great. Plus the market they are targeting is not a small one but a really really huge one. That is china. More than 1/5 of the world's population comes from there.
member
Activity: 103
Merit: 10
Do your DD. I'm sorry for the people who missed the train.

http://www.investopedia.com/news/china-new-ethereum-neo/

Can you stop spamming on every NEO related thread with the same opinion and link?


SO many things wrong with that article also.

Like what?
hero member
Activity: 574
Merit: 500
Do your DD. I'm sorry for the people who missed the train.

http://www.investopedia.com/news/china-new-ethereum-neo/

Can you stop spamming on every NEO related thread with the same opinion and link?


SO many things wrong with that article also.
full member
Activity: 192
Merit: 100
Do your DD. I'm sorry for the people who missed the train.

http://www.investopedia.com/news/china-new-ethereum-neo/

Can you stop spamming on every NEO related thread with the same opinion and link?
member
Activity: 84
Merit: 10
Do your DD. I'm sorry for the people who missed the train.

http://www.investopedia.com/news/china-new-ethereum-neo/
hero member
Activity: 493
Merit: 551
Ehm maybe worth mentioning that NEO Team was invited by a 230 billion USD heavy investment group in Japan. 2 japanese exchanges will follow. NEO has only 50 million shares in circulation Not 100 like ETH. The bull run and buy pressure is compareable to ETH run.
full member
Activity: 192
Merit: 100
Yes a big dump is comming in the next days, because of this incredible pump of the price. it happens with every altcoin, it just increase the price and then dump. It will recover but in a few months or weeks, nobody knows.
better to sell now and take the 5x return for those who bought a few days ago, and invest in another altcoin that are promising right now, like waves.
good luck


Some say that NEO will be on a bull run just like Ethereum was when it went from 20$ to 390$

I have read that too, I'm banking on it going the distance.

In my opinion you should not be making decisions based on what others have said. A lot of them are newbies with not a lot of insight/knowledge of how the market works. Another thing is that when Ethereum went from 20$ to 390$ the whole market was on a bull run and not just Ethereum. I think this is a different scenario and NEO is a bit overhyped because of its Chinese origin.
member
Activity: 71
Merit: 10
Yes a big dump is comming in the next days, because of this incredible pump of the price. it happens with every altcoin, it just increase the price and then dump. It will recover but in a few months or weeks, nobody knows.
better to sell now and take the 5x return for those who bought a few days ago, and invest in another altcoin that are promising right now, like waves.
good luck


Some say that NEO will be on a bull run just like Ethereum was when it went from 20$ to 390$

I have read that too, I'm banking on it going the distance.
full member
Activity: 192
Merit: 100
Yes a big dump is comming in the next days, because of this incredible pump of the price. it happens with every altcoin, it just increase the price and then dump. It will recover but in a few months or weeks, nobody knows.
better to sell now and take the 5x return for those who bought a few days ago, and invest in another altcoin that are promising right now, like waves.
good luck


Some say that NEO will be on a bull run just like Ethereum was when it went from 20$ to 390$
hero member
Activity: 535
Merit: 500
Yes a big dump is comming in the next days, because of this incredible pump of the price. it happens with every altcoin, it just increase the price and then dump. It will recover but in a few months or weeks, nobody knows.
better to sell now and take the 5x return for those who bought a few days ago, and invest in another altcoin that are promising right now, like waves.
good luck
member
Activity: 84
Merit: 10
Trollkids playin around who missed the NEO train. But hey no offence, only love. There is still more room to make profits.

Embrace the NEO family. Do your DD.

Tip: https://www.reddit.com/r/NEO/comments/6su31n/here_are_some_things_you_should_know_if_you_are/?st=J66X0QGX&sh=11bbeeec
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