As this really is all about confidence, it looks like its draining away with the regulation issue and the drop trough 0.0065 support. Chart wise it looks like the first drop was to the half way point so somewhere round the 0.005 mark.
Grim, I had high hopes for NEO.
uknowsam
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@enid_bag, NEO didnt changed, they will return when they have something to show. Trading wise, boring!
RobdfromRI
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@enid_bag, Neo is being smashed with huge sell walls that follow NEO price down. Some on is quite jealous of NEO and is willing to take a loss on every trade. Neo breaks support and in pops a sell order for 2500 neo, assuring any sells will come in lower, further pushing the price down. It all started Aug 19 with a 300 BTC sell order (65,000 neo) 300 BTC exactly, not 298.8746. An exact number like that tells me ONE PERSON is trying to smash it down.
sebfox
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@RobdfromRI, Maybe, it's Patrick Dai from QTUM. Or maybe someone just eants to push the price down so that they csn accumulate cheap Neo.
more liekly Chinese ico investor who paid pennies for tons of NEO and recognizes the risk before them with possible ico clampdown. I believe ico price was .03 cents for the first round last year. Still getting 1000x return at $30 Neo, unreal gains.
I took a snapshot of a 750 BTC sell order at .008 in the recent bull run. It was swallowed whole almost immediately. Was someone trying to stop the bull? Who knows. Could also be an ico investor who can't believe the gains they've gotten. Good chance that sell order wasn't even all of that person's stash.
We are playing in a big ocean here, this isn't your grandpa's penny poker down in the basement.
Grim, I had high hopes for NEO.