On that moment was the price of NEO around 25 dollars, and my brother invested 500 dollars in NEO. And right after he bought some NEO tokens, he told me that i needed to make a NEO wallet to, and that i must send him my adress.
So i did, i created a wallet and send him my adress, and then he sent me some NEO tokens. And said, lets try out!! I thought ok cool. But then after i got the NEO, i noticed that when you hold NEO in your wallet, that another token will be created, the Gas Token. That means when you hold NEO tokens in your wallet,then your wallet will generate Gas tokens.
And the amount of gas Tokens what will be created depends on the amount of NEO in your wallet. But basically when you hold NEO tokens in your wallet, then the gas tokens will be slowly created, and when it reached 1 gas, then you can claim for your own. Here is a short video what will explain more about this subject.
Then in the first week my brother bought the NEO tokens, started to rise the price of NEO, and not longer after that it dropped again. And to me that is normal in crypto world, the price can rise and fall, like what happened to NEO. But i also explained to my brother that NEO is a long term trade coin, and that he must not worried to much about the price. But he ignored my words, and then silently sold all his NEO tokens.
His answer was, ah they are nothing. They don't make much profit. Gas token is slowly to and he when on and on and on about why it was a bad move to invest in NEO. Then i warned him, that he must never look at the short term in crypto, always look in the long term. But he said, ah forget....... Until a couple of months ago hahahaha
When the price of NEO started to rise big time, from 25 dollars to 50, 100, 120,150 and now just above 180 US dollars!! My brother said to me, dammnit i should have kept my NEO tokens, and i could only laugh him in his face about it, because he refused to listen back then.
That was because he made one huge mistake, and i think many people are making that mistake. He was looking to much at the profit and lost in a short term. He aspect ed that NEO should have risen within two weeks after he bought them. And it when to slow from his point of view and when he saw the price of NEO was lower than what he bought them, then he sold them real fast. It was more out of fear for losing his investment and the lack of trust in NEO.
He had no idea what NEO was all about and only looked at the fact that you can earn Gas tokens as well, and because the price drop to a critical point, then he sold them out of panic and fear. While if he had hold the coins, then he could have made good profit from NEO. But now he looks to NEO with angry eyes hahaha.
Look i laugh about it, because i also laugh in his face, i do not laugh behind his back. Because i want him to teach him a lesson about trading, and i want him to succeed and be successful, and between all this its good to do it with a smile!! So i rubbed it in his face about NEO hahaha.
Not all the time, but more like how brothers make jokes with each other, even if it's about money. Because money comes and goes, and we would never let money come between us. So the moral of the story is, that any trader should make a choice first about short or long trading, and then he must do a research into the tokens he wants to invest in. And that it would never be wise to sell a token out of panic, because the price will drop. The same thing happened with Ethereum and look at it now??? What i did was, search for long term trading tokens and then keep pushing dollars, what i can afford to lose. Then even if the price drop, it would not hurt me in any way.
But projects like NEO, Ethereum, Pivx, Ripple, NEM, Bitshares and Steemit ofcourse are here to stay! Unless aliens drop down and hack every coin out here, but i doubt that would happen. Thanks for reading.