Alright Neofags, in one line explain why I should continue holding this Chinese commie coin. Go

>The day China announces its crypto regulations, bitcoin goes to 6k and NEO to $70.
I actually agree with this and might buy some NEO because of it.

How long do you guys think it'll take for the chinese to regulate crypto?

Because Ants in your Pants.

Democracy averages out as the best system out there because the people can prevent the government from stomping them. They're the hands-off type of parent.

Dictatorships are like control-freak parents. Now, that could turn out horrible, but could also be great for the kids if the parent is well-intentioned and competent (think singapore)

The chinese govt is dabbling in crypto because, first
>Some serious money laundering and capital flight is going on via bitcoin
And second,
>Because they're efficient as fuck and will have come out with full working legislation for crypto before western governments even begin to understand it
And when that moment comes, you'll want to be in the rocket ship

t. lived in china for a couple of years.

does the fact that they banned it recently mean that they're also close to implementing regulation?

Im hoping they were just trying to crash it so they can accumulate before rolling out regulation in the next few weeks

No, dummy, they don't do such things, the government doesn't crash new shit on purpose, it's harmful for new businesses. They'll just figure out how it works, how does it compare to existing shit, and how should they tax it. The reason they banned it is because the whole crypto market cap grew from 20 to 120 billion usd in a single year and if it kept up it was going to become a trillion before they had set the fucking rules and they dont want that.

I'll bet my fucking dick on a guillotine that the Party will try its absolute hardest to have china pioneer crypto. They're proud as fuck and have been dying for an opportunity to show the world they can have a centralized government AND thrive scientifically and culturally.

china regulation WHEN?

>the government doesn't crash new shit on purpose
Doesnt matter what country, there is always corruption in the government. People in big industries or with a lot of money def influence the government.
They would absolutely crash BTC to collect more.

But yea everything else you say makes sense. Hopefully China will figure something out thats good and will work towards implementation. Ameriland and everyone else will soon follow, not wanting to get behind china, and crypto will flourish as it was intended to. And i'll finally get my lambo

the Party people aren't a bunch of random clowns elected by ignorant plebeians. They're the smartest, brightest people in the country because it's the absolute national dream to be part of the Party and the competition to get in (which is done through a series of tests) is inhumanely fierce.

They're building it right now, 100%. It's gonna look scary when it first comes out, but it'll work in a way that doesnt cripple their own coins if at all possible.
Now, it depends on how the coin was built. Im no expert in chinese law or blockchain tech. Ive no fucking idea if the neo team will be able to implement the absolute truckload of shit that the government will demand.
But if they do, the chinks are going to dive slanteye-first into greenlit coins and that' s when neo is gonna overtake AT LEAST ethereum in cap.

There is no reason to hold this chink gimmick coin. You would be gambling on future hopes and dreams.

t. deluded westerner thinks any non-chink moon can compare to a govt-backed chink interstellar mission

...

I sold this at $46.
Good time to buy some back?

Palm beach also said that OmiseGo will be worth 700 dollars.

Because you have more money to lose and we want more of it.

Simple. NEO is extremely undervalued and would have mooned like crazy if not for the China FUD. China will regulate crypto eventually and the FUD will clear so the moon mission can continue. You have a unique opportunity to buy NEO low.

8 October will also be the release of the first token on the NEO platform.

You shouldn't.

News just came out direct from Da Hongfei (creator of NEO).

>"You may own bitcoins or other crypt currencies in China. That's not illegal. "It's just a matter of getting out of a trading platform. Different managers of trading platforms are reportedly not allowed to leave the country.

Trading NEO is banned in China.

>The influence of Chinese traders has been decreasing for a long time, he says. "I think you can better check what's happening in South Korea and Japan. That applies to the bitcoin, and also to the Neo. China will continue to be an important factor in the course of the short term, but I think most of the issued Neo's are now in foreign hands. "

The only bagholders of NEO left are foreigners. So much for the "Blockchain of China"

>"We want to be a widely applicable ecosystem with many developers on which many smart contracts can be built." These include contracts for the transfer of real estate or shares. "There we still have plenty of room to grow."

His goal is to build dAPPS on NEO but right now all they have is an ICO for a shitty Red Pulse Scamcoin.

>"I do not expect the government to call me in the short term and say," Let's use Neo as the blockchain technology infrastructure in China.

>'I have not seen a regulator'

NEO is confirmed to not be working on the PBoC's official cryptocurrency.

which governmant,didnt china band this ico

fud rating: 6/10

>Buying sub 500k
>Selling at 540k-550k

been doing this for the past 2 weeks
literally free money

It's true

fd.nl/beurs/1219457/chinese-cryptokeizer-ik-heb-geen-toezichthouder-gezien

Dutch 'Financial Daily' had an interview