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RE: NEO:BTC - More Upside? Need to see some Consolidation or Heavy Buying!

in #cryptocurrency7 years ago

I gotta ask everyone this.

Why did NEO go up?

Most would say because it got listed on the Korean markets.

Did NEO buy up another company? Did it earn another billion this year extra? Did it just get that big government contract?

No.

These are things that would make real companies increase in price.

For some reason it just goes up because its being traded more.

Sounds like a recipe for disaster.. buying on speculation and hype.

Of course it was going to go down. That's why i sold at 52.

But i feel that may be the biggest problem with the crypto markets.. is the high percentage of low information investors.

Easily swayed and manipulated.