Psychology of Chinese Investing, Why you can't afford to miss NEO Crypto coin

I've been involved in bitcoin for about a year or so. But, my primary source was my 7 years experience in China. I went there to study chinese, teach English, and learn Import/Export. I've been back in USA for about a year, its good to be back.

First off, let me explain their banking system.. in a word, aggravating. Most people do all business cash only using ATMs.. and their largest bill is worth about $15 each. so people walk around with loads of money all the time. they r obsessed with security and that means everything has more security features mandatory, where here we prefer convenience what can leave security loop holes. However, If u are in a mega city in mainland you'll typically spend 1 hour min to talk to a bank teller about anything. huge pain, everyone agrees. Guangzhou, Beijing, and Shanghai are all more advanced than many American or European cities as far as infrastructure and purchasing power parity. However, their banking system hasn't entered the 20th century.

Chinese in general never buy anything that they can't pay cash with. and investing is very common. People have been paying their bills using their main chat app called Wechat. I'm not certain but I believe PAY tenx will also see massive dapp integration .. but NEO is certainly their new primary trading baseline as well as our major coins (BTC ETH). I've seen posts on English boards saying they have no idea why chinese would invest.. if they only knew. Chinese r almost all cash rich. and looking for a place to hedge (early adopters). But Microsoft and other serious players support NEO and GAS.

The other thing is I've heard people on reddit and other NEO (antshare) boards say they can't imagine Chinese investing in it. But we have all seen the massive swings these last 2 weeks. I put skin in the game around 0.004 BTC or so 2 weeks ago. Since then I added to my position. But recently it dropped nearly to my second buy in level. Since then I was following the somewhat sinusoidal upward trend. I would buy and sell in the 0.091 to 0.095 range, so i increased my NEO holdings even at the fall back levels. Its very important to understand that the chinese NEO markets will always lead bittrex etc. so expect trade signals from the asian trading hours. Make sure you watch the momentum and other indicators (I use http://binance.com because its in English also and they have free trades most of the time AND you can buy NEO GAS: BTC/GAS.

However, the biggest long term indicator that this will be a primary coin in the future.. (mostly exchanged as currency in Asia Pacific with Japan/Taiwan/PRC all adopting policies to accommodate this growth sector. Of course there is talk that BoChina will eventually have their own crypto, one day. but the shear fact that this "altcoin" is allowed to be funded so heavily IS BECAUSE BEIJING SAYS SO. The inverse is certainly true, if Beijing doesn't like a certain business position .. they will wipe them out in a second. They started clamping down on foreign investment over a year ago (2?).

To be certain Beijing has some very smart economists running things, and in general they just don't make bad investments. Not since Bush Sr. was super buddy buddy with Deng Shao Ping.

Anyway, this is all mostly public knowledge. But most people don't understand how painful traditional banking is in China. They r dying to be able to bypass millions of wasted man hours waiting in line (collectively as a nation of course ;)

here are 2 ICOs scheduled for September that will run exclusively on NEO network.

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