If the news really is fake that China is not gonna back NEO, then NEO will drop to $9 Or even as low as almost $7 a share, I do believe that the news might be real, but they did not get authorization to release this information. Which if it's true might jeopardize their deal with China. Either way I sold right under $11 and will be buying back when it looks to stabilize. Which might be the prices I mentioned above. I mean I could be a totally incorrect noob, but hey.
What's your thoughts?
Why did you sell? You'll be kicking yourself if they hit say 20$!
Maybe, but I default back to litecoin whenever I just need to hold between moves, because litecoin has been fairly stable, and it looks like LTC just broke $45 so it seems that with NEO going under and LTC going up, i might just have a bit more NEO than before.
But, its mostly just luck.
Their is a possibility the news is real. They don't deny it is. Only the way it was delivered. They were quite vague but that could be possibly because they don't want the coin to drop so much in value. All we can really do is speculate but I firmly believe anything around $10 is fine for a long term investor. I have been holding ANS for quite a while. But the tweet was a driving force. Some of the value should hold because of the recent conference so a new floor of 300k sats seems appropriate. Of course it could hold its value or it could skyrocket out of nowhere. All we can do is act on what we feel is most logical at that point in time givin all the the data available.
EDIT: I'm a noob. All we can do is learn. If you find it fun all the better. I sure do!
I am Groot! :D
You are coot!
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STOPNeo coins went up to $42 a couple days after this post was made and has been wobbling around $35 since then.
Good post. Good to see I'm not the only one who thinks like this. The crypto space brings the biggest group of uneducated investors with it. This group will only grow. This means markets will be as irrational as this big group of uneducated investors. An interesting website I found: https://www.coincheckup.com They researched and analyzed every tradable coin out there from a investment, team, product, transparency perspective. Really interesting.