/biz/ - Business & Finance

/biz/ I tried to tell you, you wouldn't listen. What's your excuse?

Let's talk about Neo.

The Chinese government has been closing monitoring the cryptocurrency situation since the rise of bitcoin.

They saw what ethereum has done this year, and knew that they had to get a piece of the action. If you think they hadn't noticed a couple hundred million dollar marketcap blockchain rising in their midst, you're literally retarded.

I say couple hundred million dollar marketcap, because look at the charts: from 8/2 until 8/14, Neo went from what, $8 to almost $55?

No major news, no announcements, and yet for some reason, serious mooning happened?

Gee, I wonder how that happened.

Like Trump or hate him, he's right about one thing: China is a currency manipulator. And it's in China's best interest to have Neo be as worth as much as possible. If you think there's nothing going on behind the scenes, you're a special kind of stupid.

One of the lead devs of CoZ (Community project) firmly believes the price will at least double by mid October for...reasons he can't disclose.

Also, in completely unrelated news, 15 million Neo will be available to spend towards the development of projects for the Neo blockchain come mid-October.

Yikes. I wonder if it's in their plans to ensure those 15 million are worth as much as possible?

They had considered trying to make Bitcoin Cash their focus, but they're choosing a different route.

Neo is easier to keep track of anyway.

If it makes you feel any better, there's still a few days to get in. It's better for ICOs on Neo to be cheaper before hand and more valuable after the ICO is over. The red pulse ICO isn't for 20 more days.

However, due to my position in various communities, I can't be 100% sure that upcoming Neo announcements will be kept quiet until then.

Don't run to buy. Walk quietly, do your own research, and re-read the above and see if it makes sense to you.

However, I'd advise you walk quickly.

Also, PS: QTUM is still a ways from mooning, but I'd keep a small position there too.