I think you should consider holding some Neo as a long-term investment, because it has a lot of potential. The Neo team has tried to work with the Chinese government as it has developed its platform. While the Chinese government has been taking an anti-crypto stance in recent months, its history has been that when it allows businesses in China, it tends to favor Chinese companies whenever possible. I think blockchain technology is here to stay and it's hard to imagine the Chinese missing out on all its benefits. If China eventually greenlights the use of the technology in China and gives a license to Neo to operate exclusively in China, Neo's market cap could rival or exceed Ethereum's.
If I hold it, it's not because it's a cryptocurrency but it's just like holding a stock I think will go up like Apple.
Yes, exactly. Even if you don't use it, you have a chance to earn 10x your money while risking only x. It's a good asymmetric trade. If it works out, you sell and collect profits.
Investing in crypto is not only about making money, it's about changing money!
And in turn it will affect almost every aspect in our lives. If its positive potential is even half way able to prosper then it will put the steering wheel of innovation back into the hands of a diversity of people. Just have to hope we can get a grip before these blue blood run us off the road. I kind of see them as being like the selfish lover that after getting dumped would proclaim, "If I cant have them then no one else will"
they need balance and gain certain lvl of gov support to continue. Just like when alibaba started.
The big difference is China can ban centralized services like facebook and youtube, but can not ban bitcoin. So there will be little favor to develop a private chain and hope it is free from competing with decentralized network like bitcoin