It’s All About The Tokens And How You Play Them | Hacked: Hacking Finance
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It’s All About The Tokens And How You Play Them

Posted on .

It’s All About The Tokens And How You Play Them

Introduction

This article was posted on Tuesday, 15:56, UTC.

A definite good short-term buy-call is to get your hands on some NEO, because on September 10th, the Red Pulse ICO is going to kick off. When that happens, we’re going to see a spike in the price of NEO, because Red Pulse is only selling for NEO – a sage move, really.

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In this article, the author would like to establish that chains like NEO and Ethereum ultimately have no true value on their own. They are required to be valuable to mine order to support valuable applications, and so people are leveraged into paying fair prices for these base tokens. In the case of NEO, those who buy and hold are in the short-term rewarded with GAS, but not as much, perhaps, as can be earned through picking up the RPX token, by comparison.

Therefore, it’s safe to say – it’s all about the tokens and how you play them.

Up to now, the author has really been looking for the next breed of unicorn in the ICO market. But as it turns out, the real truth of it is just something no one wants to acknowledge: while some people will make lots and lots of money long-term in this whole ICO scheme, a lot of others won’t, and still more will have made profit in the short-term.

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So we’ve got to take our profits when we can.

That doesn’t mean there aren’t good long-term positions that come up from time to time, and this author will be more keen to point those out when they do appear. But as for now, it would be good to have a daily piece regarding short-term plays. So what do we pick today? Well, today we recommend you invest the time to investigate RPX, Red Pulse, and everything NEO. Because if the revolution will be tokenized, it’s going to take more than one blockchain to do it.

RPX won’t be the last. NEO has enough GAS to give the platform some runway – incentive for people to hold it without just getting rid of it – and so other tokens will follow in the path of RPX. It’s hard to same from here what applications they will represent, but if the other blockchains eventually mirror Ethereum in the long-term, then there will be applications built on NEO intended to disrupt every aspect of the business world. Following that, the government and finally consumer finance. This is the order of things. In the meantime, it’s all about jumping from tree to tree, getting the low-hanging fruits.

Important: Never invest money you can't afford to lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here.



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P. H. Madore

P. H. Madore

http://phm.link

P. H. Madore has covered the cryptocurrency beat over the course of hundreds of articles for Hacked's sister site, CryptoCoinsNews, as well as some of her competitors. He is a major contributing developer to the Woodcoin project, and has made technical contributions on a number of other cryptocurrency projects. In spare time, he recently began a more personalized, weekly newsletter at http://ico.phm.link

Comments
  • user

    AUTHOR Tdasselaar

    Posted on 4:00 pm August 29, 2017.

    NEO just dropped 18% following the news from Red Pulse that Chinese will not be able to participate in its ICO due to Chinese government regulations that Red Pulse cannot/will not comply with at the moment. Any thoughts?

  • user

    AUTHOR Titanbooker

    Posted on 4:03 pm August 29, 2017.

    Likely this was drafted just before the “China potentially banning ICOs news”. What implications does that have on RPX, NEO and maybe even Ethereum in your opinion?

  • user

    AUTHOR alejandro.uribe

    Posted on 4:04 pm August 29, 2017.

    Waiting to see answers on these previous comments?

  • user

    AUTHOR Tarik

    Posted on 4:24 pm August 29, 2017.

    @Titan,
    Based on what I read, Chinese government never said “banning ICOs”, but “suspending ICOs” until regulations are clear and in place.
    Please share articles where you read ‘banning’.

  • user

    AUTHOR Tarik

    Posted on 4:34 pm August 29, 2017.

    @Tdasselaar
    does it mean RedPulse will still run the ICO but keeping Chinese out??

    • user

      AUTHOR Tdasselaar

      Posted on 5:29 pm August 29, 2017.

      Yes, that is my understanding, please refer to this screenshot of Red Pulse team on Twitter: https://i.imgur.com/AjvScnq.png They only mention that Chinese citizens will be disallowed, so I’m assuming that non-Chinese citizens are still able to participate.

      I bought some extra NEO at USD 34. Should NEO find a way to comply with Chinese regulation, it will boost again.

  • user

    AUTHOR alejandro.uribe

    Posted on 4:44 pm August 29, 2017.

    Authors have never answered questions in threads I’ve been involved with. They do answer praises quickly…

  • user

    AUTHOR Tarik

    Posted on 6:06 pm August 29, 2017.

    As far as I know, NEO was always ‘supported’ by China… problem here is not NEO nor blockchain, problem is that ICOs are fund-raising, which is regulated and must be pre-approved (from the country finances perspective), and being an ICO is still a cherry over the cake and still not discussed.
    As far as the ICOs get regulated and fund-raising get approved, everything should move smoothly.
    The road became bumpy, but still long way NEO!!

  • user

    AUTHOR hoodun

    Posted on 1:57 am August 31, 2017.

    So is it still a good time to buy NEO, before the Red Pulse ICO? Its much cheaper now…

  • View Comments (9) ...
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