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NEO is 20 USD – Should you buy?

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NEO has been falling ever since it touched 50USD. It showed some resistance at 40USD but then it started falling again. One week back, it was hovering around 30 USD. And just, when everything looked normal, China came up with ICO ban news and everyone went crazy and started selling their NEO. Post-September 4, NEO has been hovering around 20USD.

NEO coin

NEO is falling- Is it a good time to buy?

NEO below 20 USD is a steal deal. Even if it falls to 10 USD, it would still not matter and I would buy some more NEO. I would rather keep buying NEO with every 5 USD fall.

Why keep buying NEO with every 5USD fall?

I started buying NEO when it was below 5 USD. And it went to 50 USD. Today, it is moving somewhere around 20 USD. And NEO at 20 USD is a steal deal. Even if it falls to 15USD or 10 USD, I would still buy some NEO.

My Plan with NEO coin Buying and Selling

It is very difficult to ensure the lowest entry point and highest exit point. Since I already bought NEO at a very less price, I do not plan to keep the ones I would be buying now.

At this point in time, I am following a 5 USD rule for NEO. Every time it falls by 5USD, I would grab some and every time I see it grow by 5 USD, I would sell some. This way, I am planning to make some quick profit.

But should you follow the same?

It depends on your entry point and your capacity to hold.

Now how buying NEO at 20 USD makes any sense?

Let me explain.

Please note: The following calculation includes some assumptions.

As per the NEO to GAS calculator, 100 NEO will generate 12.1 GAS (minimum). Assuming each GAS would cost around 50 USD after a year, you will get 600USD back. (Cost of 30 NEO).

Assuming each GAS would cost around 50 USD after a year, you will get 600USD back. (Cost of 30 NEO). You now got back 30 percent of your investment, without any loss in the amount of NEO you hold.

You now got back 30 percent of your investment, without any loss in the amount of NEO you hold. Now, even NEO’s price does not move a penny, you are still getting back more than 30 percent of your initial investment back in the form of dividends(GAS), which to me, is not a bad deal.

Now, even NEO’s price does not move a penny, you are still getting back more than 30 percent of your initial investment back in the form of dividends(GAS), which to me, is not a bad deal.

Keeping money in the bank might just give you 7 percent return, and mutual funds may give you 12 percent returns, which anyway is not better than crypto returns.

Now, what if the GAS price does not rise to 50. Then at least NEO will. Give it a year.

It is already showing signs of improvement.

One good news, and it will be 40 USD in no time.

Why invest in NEO when there are already other coins that are promising?

You should definitely invest in other coins and not just NEO. I myself have only 20 percent NEO in my portfolio. Rest are some promising alt coins which have already given me a good amount of return.

2 Comments

  1. Aveek Bhowmik Aveek Bhowmik

    How to buy NEO in India?
    Also, how to invest in IOTA ? It looks promising as well.

  2. Jan Smith Jan Smith

    Where is the best place to buy NEO?

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