Tell me how stupid my reasoning for buying NEO was...

Lots of people get into crypto that have no idea what they are getting into. They think it is get rich quick. It is just like anything else though. This market has value but it is extremely speculative at the moment. Personally I don't think blockchain will be any bigger than AI, but because of extreme speculation, it appears so.

I bought NEO a couple days after I first heard about it. And I thought I would go through my thought process and see how others could relate. Go all out on me and make fun of my thought process. I fully understand if you think my decision to invest was dumb, but I believe most of the people that have invested into crypto have made investment decisions with a similar mindset. This is not to take away from worthy investors.

Reasons I invested into NEO

• I was introduced to NEO from an article that talked about it being rebranded from AntShares to NEO. The article said this was one of the only reasons the price shot up and pinned them for it. I actually took this as a positive, simply because I knew that because the branding was so genius, this meant the CEO and marketing team knew what they were doing.

• I learned that it was centralized. I also saw this as a positive, while many see it as a negative. My thought process was that because the industry is so new and volatile, the coins that will develop the fastest will be the ones with a centralized and restricted supply because the company structure makes it easier to develop and control.

• This third basis for making the decision seems like the most wacky one, but it actually was what swayed me to buy it the most... Because it was being called ETH of china, it made me think of NEO and crypto in the context of China. They were developing this coin in China, which had already imposed regulation on crypto, and NEO continued to prosper amongst the other coins, regardless of regulation. On top of that, I knew that the region was advancing faster than anywhere else in the world in the AI industry, and somehow that contributed to my decision because I thought this somehow qualified them in the blockchain industry more.

• The last thing I thought was about the overall functioning China's economy. First off they are huge. Second they are good at sticking to narrow and specific tasks that are less creative (not to generalize). For example, they have the biggest manufacturing economy. Manufacturing requires less creativity and more efficiency and laser focus on narrow tasks and I believe that blockchain requires these exact abilities for growth at the moment. In short I believe the culture of China is an exact fit for blockchain.

How flawed is my logic? I put little to no emphasis on facts about the company, but rather shifted them to view my opinion, which I believed made it a valid investment.

I also want to bring awareness to the crypto community as a whole because I think this is how a majority of people that buy into crypto think.