Quote from: Knepala on August 28, 2017, 09:51:50 PM

Quote from: JeremyB on August 28, 2017, 08:09:28 PM

Quote from: revelacaogr on August 28, 2017, 06:35:13 PM

Quote from: boyla on August 28, 2017, 01:14:37 PM

Next month, NEO will reach at least $60 for sure.

After 19th sept.....

East Asias Ghost Month Scare May Explain Flat Trading in Certain Altcoins

The digital currencies NEO, OmiseGo and TenX are experiencing slight or no movement during trading as of late August 2017 when compared to previous weeks or months. Such a situation is believed to be due to the start of the Ghost Month in countries where most of these cryptocurrencies are headquartered and whose investors are mainly based.

In 2017, the Ghost Month runs from Aug. 22 to Sept. 19. The countries which have a ghost month include China, which is the base of NEO, Japan, which is the home nation of OmiseGo, and Singapore, which is the headquarters of TenX. People in these countries have a belief that it is a particularly bad time to invest in anything during the month.

Annually, traders in the stock market in these countries take extreme precaution when it comes to their investments during the month of August, as it is typically the worst month, CNBC reports.

"In fact, many stock market traders are also advised not to invest into anything with their money during this month as it is considered bad luck."

Hungry ghost
Based on traditions in China, particularly amongst Buddhists and Taoists, the Festival of the Hungry Ghost happens during the 7th month of the year.

During the event, it is believed that the gates of hell are opened and the spirits living there go out and roam the earth.

According to superstition, everyone should focus on celebrating or honoring the spirits that are visiting the earth during this time.

"Coincidentally, most cryptocurrencies with heavy investors are mainly from Asia, and the trading performances of the three digital currencies are generally flat, with the situation is expected to continue until the Ghost Month passes."

A slow month does not necessarily equate to a stock or a cryptocurrencys intrinsic value. In fact, many long term holders may take advantage of such a situation to slowly accumulate while prices are down.

https://cointelegraph.com/news/east-asias-ghost-month-scare-may-explain-flat-trading-in-certain-altcoins

Thanks for this article, it is very informative.
Weird that some ICO (Red Pulse) will take place in this period, don't you think?

That was exactly my thought. Since they are based in China, you'd think they choose a date a little earlier or later to start their ICO.

Their ICO is basically a lottery, so chances are a lot of participants will be western.