Why we should buy Neo cryptocurrency?

in neo •  7 years ago  (edited)

Now let me Explain something about NEO price and why you need to buy it now.

The crash was caused mainly by the ICO ban in China. (Even though it's not technically a ban, but a regulation. And we don't know details about those regulations yet, hence the panic and everybody is selling). Think of it as of a sale.
The announcement not only affected price of NEO, but also of BTC and cryptomarket in general.

China has regulated bitcoin and its price plummeted in 2013. Because people believed it was a BAN, but it was purely a regulation. China NEEDS these regulations - think of its politics, culture.

Now, the same will happen with ICO's - they will be regulated, but not banned. Today we see a lot of ICO scams, raising millions of USD and disappearing. China hates it. They will prepare a set of rules, that ICOs will need to abide. This is good for them, and for US. Less scams, more valid ICOs, stable market in the future.

Furthermore, majority of NEO investments was and will be coming from China. As some of you know, there's a ghost month lasting right now in Chinese culture. I have personally asked my chinese friends what could it mean for investment and they said - it is a VERY, VERY, VERY bad month for investments. Basically, Chinese have a set of rules of what they CAN'T do during this month. Think culture. Wait for it to end on 19th september.

And lastly, NEO has lots of plans, projects in September. It is being worked on. It's a valid platform.

These are purely facts, you can check all of them. Feel free to critisize, correct me. You are welcome.

My prediction is (I really want to say 50 USD/1 NEO, but I will be conservative and say) 40 USD/1 NEO on 30th September.

Do you agree with me?

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