NEO has been a favorite amongst the cryptocurrency community for a while now, even when it was Antshares. But I feel like there is much tension in the NEO market, and it feels like it is going to explode sometime soon again.
If these Bitcoin dips over the past months have taught me anything, it's that when it happens you can view some of the real strength of the altcoins. Some will dip much lower than others, and some will rebound twice as fast. NEO has shown quite a resilience to go down, as well as showing a very healthy tendency to go back up.
NEO's price was of course badly affected by the China FUD, which is waning as we speak and rumors are already abound that China will lift it's bans pretty soon. NEO is often referenced as having a very good chance of passing any upcoming regulations, and becoming and remaining the premier cryptocurrency in China. Many people expect that if/when this happens NEO will go through a second major bull run. Not only that, NEO is growing out of it's 'Ethereum of China' image as it is reaching out all across the globe lately in terms of marketing.
Hodling NEO gives Free GAS, which is the best thing ever
As an investor you're of course looking for the best deal. One thing in particular that's very appealing to cryptocurrency investors are cryptocurrencies that pay out dividends of some kind. Masternodes and staking coins are very popular because of this, but they require expert technical knowledge and a hefty investment in order to obtain and set one up. NEO is unique in the fact that any amount of NEO can be staked and the only thing you have to do is simply keep your NEO in your wallet and it rewards you in GAS which is the token that will be the 'fuel' of the NEO blockchain.The GAS rewards are actually quite substantial, currently at about 8% annual ROI (see: www.neotogas.com) but could/should go up when the NEO network is getting used in the future because holders will also collect some of the fees. As I bought in quite a bit cheaper, I have already made a substantial return on my initial investment in GAS alone. And the GAS price is rising nicely too lately, of course!
The fact that any amount can reward the owner with GAS that is profitable means that NEO is the easiest and most accessible reward-giving cryptocurrency, with the greatest promise of growth of the moment. Even the little guy can 'stake' their coins.
I believe that when the Bitcoin profits flow into altcoins again, people are going to think hard on which of all these hundreds of coins they will be putting it into. I believe a lot of smaller cryptocurrencies will not be bouncing back, but I am expecting a select few, NEO among them, to benefit doubly.
NEO has been 50% of my portfolio for quite a while now.
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I do believe in neo! But you also have to notice the market fluctuations. Here is whats going on right now. Profits are being swapped. The market tendency has changed a little. I do also see some decoupling has occured. I am waiting to buy more but I am waiting for this BTC fork to be over. If I have learned anything over the last week its that people pump other coins and then move it back to BTC closer to fork. I expect that will happen again as more people convert to BTC closer to the fork. THat will be the best time to buy any altcoins in my opinion.
I agree with your assessment. HOLD and dollar cost average buying in on the dips.
I actually think nobody cares about BitcoinGold.. People got on the train at first for it but now with all these alts so cheap, and the fact that nobody really wants to buy BitcoinGold, will make people jump ship before the fork.
I do expect Bitcoin to regain momentum again for the next fork though because that one is more serious.
NEO and STEEM both pay 'dividends' and are a huge part of why they should be in anyones portfolio.
NEO pays it super passively though! Which is nice, especially for newbies to the scene.
STEEM also pay dividends?! what do they earn that they send out and what do i need to do to get the dividends?
Set yourself up on steemvoter.com and earn passive STEEM 'dividends' via curation rewards.
thanks!
thank you for the tip! i will go out and buy some more right now!
also did you hear about COSS and peerplays? i read they will give out dividends in the coins they will make - you think they are worth investing in?
I don't know... COSS seems like a good proposition for holders, IF their platform is adopted. But I don't see it getting adopted all that much as their exchange fees aren't very competitive. I personally do not and will not invest in it. Peerplays I don't know about.
Love that Gas!
Once the China ban is lifted all confidence will be restored.
It'll easily pass it's previous high without much difficulty.
I agree!
True! It is a very promising coin. I am getting into NEO, bought some on a recent dip :)
Don't forget to put it in the NEON wallet to start earning GAS! Most exchanges don't give it to you and keep it themselves!
if i keep NEO in the exchange THEY make GAS out of it?! never knew that!
Yes! Holders of NEO get GAS every day.. so when you keep your funds on Bittrex for example, they hold your NEO and they get GAS but they don't give you any (!).
Binance is one of the few (the only? dunno) exchanges that does pay the GAS to it's users, but I believe it is once per month instead of daily (administrative reasons).
Definitely start earning GAS though.. it's the best feature of holding NEO for investors
That's a really great cryptocurrency platform.
Looks like NEO might not be as unpredictable as bitcoin .. i.e it looks pretty stable at the moment..
It does, hovering around the $30 it seems to have found it's base
Neo is great, I bought at about $30, now it is below $30,I holder because I think at least neo will be close to Dash within one year.
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STOPI'm also an neo holder, I really love the idea neo stands for and started supporting it when it was AntShares. Lovely name, by the way.
Do you know more detailed how all the factors influences the gas generation rate? I also asked about that in the neo-topic, but nobody answered :/