NEO Taking A Dive Any Thoughts
- Thread starter mickyfu
- Start date
The Curator
Elite Member
- Dec 27, 2013
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http://www.zerohedge.com/news/2017-08-28/china-planning-ico-crackdown
Every week that goes by governments are cracking down on cryptos under the guise of preventing terrorism and money laundering....looks like they dont want competition! Stick to silver and gold imo...
Every week that goes by governments are cracking down on cryptos under the guise of preventing terrorism and money laundering....looks like they dont want competition! Stick to silver and gold imo...
- WSA - WordSmith Agency
Power Member
- Feb 5, 2015
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Same here. Going to sell all NEO's and buy more TenX.
After dumping it in all Tenx, I was thinking maybe better splitting between Tenx and Lisk.
honestIM
Power Member
- Jan 15, 2017
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LSK could be good if correction below $4 as the support price point seem to be between $2.80 - $3.90 range. Try to look beyond these two and you can potentially uncover more goldmine. The clampdown in China should not be a big problem unless BTC shows big correction in pricing. NEO should be good for buying with the correction in pricing currently. Current price looks good for purchase. But for NEO I would most likely take profit with a 50% ROI. Doubt it can go 100% within these 3-4 weeks.
- Mar 21, 2013
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Where can I read more about the chinese banning ICOs?
honestIM
Power Member
- Jan 15, 2017
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At the current moment, I will say that OMG pricing is a bit high. Risk/reward ratio is not enticing enough to make a bet on OMG despite good fundamental supporting the demand for this crypto. You need big breaking news to move OMG to another price level bracket dramatically (aka 100% or more ROI). To buy at $8 with the hope of doubling the profits at $16 will require a lot of fundamental positive news release. The market always behave irrationally so it might be good to wait for discounts in pricing before entry into OMG.
KHer0
Elite Member
- Mar 22, 2011
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honestIM
Power Member
- Jan 15, 2017
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I do intend on buying back in. I'm waiting to see if it hits the 20s. I bought TenX and Lisk as I see a lot of people following the sane route. Maybe they will, maybe not. But Tenx has gone up well since.
It will settle around $37-38. Good little profit after buying at $29
sell all your neos I'll buy them for cheap
I have done. But now instead of watching my balance rocket down, it's rocketing up in Tenx, and then I just buy my Neo +Extra Neo back
honestIM
Power Member
- Jan 15, 2017
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Just sold MCO and bought NEO.
MCO
Bought at 0.00113019
Total units purchased: 433.83
Sold at 0.004933
Profits= 0.00380281 x 433.83 = 1.6497730623 / $7,235.61 USD estimated as I have yet converted to USD
NEO
Price purchased: 0.00772993
Total Units purchased: 220
For MCO my net profits is about $7k using $2k risk outlay. Let us see if NEO can make me more money. I am targeting at most 50% ROI for NEO before exit. Would cut loss if correction is 50%.
You will likely make around 20% profit today alone if you cash out at around $40, will take a few days/weeks for it to hit 50% range as NEO price increase was relying on RPX ICO and further from NEO updates which are in progress but not imminent.