We all know Antshares is going to rename to NEO coin soon. With all the good news and yesterday even media announcing the first blockchain coin available in China. But the price not picking up, however is surge down to more than 30%.
What's happened?
Antshare is propose a new smart contract design, comprises of three parts and reviews existing smart contract systems through three angles respectively: determinism and resource control; scalability and decoupling; and universality and ecosystem compatibility. And soon will be rebrand it to NEO. Where by the traditionally smart contract comprises 3 stages: negotiation, signing and execution. Sound Great!
So, I bought many Antshares and now the price drop! OMG
But still a good news to buy now!
whatever goes up goes down ? people that bought the low (as you should have done) dont care about the new name or any news, they sell to take profits
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I buy at the high price, waiting to go up to my previous price.
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It's pretty common to be fair, but from all the writings on the wall it just people panic selling as they want to make small profits rather than waiting for long-term and making money. I currently have about a dozen of these coins and I ain't selling yet for sure :)
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Yep. bought my first few yeTerday. People are just crrating new buy in times by taking their slice out of the game and having their profits
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