Similar to the stock exchange, there seems to be a pattern where people start to take some of their profits before weekends.
If your trading style is base on dollar cost averaging, putting your money in on Friday every week might be the best day of the week for you.
FACT: The Chinese government has issued a new set of guidelines to crack down on illegal fundraising.
Verdict: A lot of people don't read the news but briefly look at the headline (Maybe you are guilty for doing this), look at the title of the news "NEO-Based Platform Red Pulse Bans Chinese Citizens from Their ICO". See the difference?
On the side hand, NEO's CEO Da Hongfei commented:
Quote: «Thanks everybody. I'm very good. Regulation is good for the industry in long term. Please bear in mind that NEO's designing philosophy is compliance friendly.» «I cannot speak for policymakers. I believe ICO/Exchanges will be and should be regulated. Bad money drives out good. Public blockchain is a long distance race. We are very confident that NEO will win out.»
Basically what they are building will not be affected by the government new guidelines, the falling price is caused by panic of people who have not look into the full picture of what is happening and also people who are already in the profitable position (Eg. Entered at $7). These people are taking profit now, fearing that prices might drop a little more in short term.
Also whats bad about a coin giving out GAS (Dividends) daily.
People should take a good look at this sleeping giant. If TENX could succeed, why can't this do the same.
https://safex.io/
https://safe.exchange/ (forum)
This coin goes through a lot of ups and downs so far. It has a very strong concept of a building a online marketplace similar to things like Ebay, Amazon or Alibaba at the same time protects user against privacy issues while shopping online.
Investors get dividends
Up and downs of prices due to the fact that they did not release the wallet on the promised date.
Is moving on to create thier MAIN project called the Chilli Blockchain.
Yes, to me its a risk. The price can surge like a mad bull if Chilli Blockchain is a successful platform.
Till then, good luck to all traders out there. Good weekends ahead!
-William
