Post
Topic
Board Speculation (Altcoins)
Re: NEO. Buy or not?
by
novaprime
on 21/06/2020, 11:31:45 UTC
Just like Ethereum Neo is a safe coin for long term investment. For almost 1.5 year the price of NEO has been at a very low point. NEO's peak was $190 in 2018.
That's the past, and at this point, NEO is only trading at $11. I think this coin is old, and very few investors choose to buy, so instead of buying NEO, I would choose a better investment. The 2017 time period was the best time for all investors because all altcoins at that time increased, and some coins helped a lot of investors get rich. However, after that period of time, the market continues to correct, and the bear market is staying with us.
l  absolutely do agree with your opinion on that. Everything was different in the crypto-world in the 2017 time period if we would compare to this time with 2017. That is why BTC was 20k and cause of that every altcoin was so valuable, and most people have made so good profit from their own investment, from altcoins. But at the current times, it is just hard to find any profitable coin to invest in. ETH is for me the best choice to invest in during this time.
2017 was the time when any coin went up, and of course NEO was among the most powerful coins in that period. However, after that period, the whole market changed completely, and the adjustment was so big that many investors here lost a lot. I am not sure about NEO future, but I think I should look for a new investment option to make more profit.