NEO and Red Pulse ICO. Why I am not worried.

This is my first Steem post but I wanted to talk about whats been going on today. This is by no means advice on investing!

There was news today that the Red Pulse ICO based out of China is no longer going to be allowing Chinese residents to participate in the ICO. The reason for this decision is that Chinese government authorities want to look at regulating ICOs in China.

Now at a first glance, this may seem terrible. Red Pulse was a highly anticipated ICO because it was (and still is) going to be run on the NEO platform. It was an ICO targeting the Chinese population as investors, and thus many Westerners were very excited about the ICO.

Now here are some things to contemplate:

1. The ICO is still going to happen and will still be on the NEO platform.
   -This means that the only loss are the Chinese investors during the ICO, but that also means more people across the globe will be investing in this ICO
   -This decision may create a strong market for the Red Pulse token due to the possibility that after the token starts trading, many Chinese investors will still purchase the token above ICO price.

2. NEO platform is not restricted to ICOs in China. ICOs from across the globe may be held on NEO and we will certainly see more to come for a few reasons.
   -NEO can handle 2000 txs per second versus Ethereum's 15 or 20 txs a second
   -NEOs team is quite good at what they do
   -NEOs community devs are amazing and are the basis of the solid community surrounding NEO.

3. The decision to regulate ICOs by Chinese authorities affects Ethereum as well.

4. There are positives that come from the ICO regulations. We all saw that the ICO craze occurring on Ethereum was quite possibly the reason it dropped from $400 to $220. Not because ICOs are the problem, but there were too many, and that to many were scams or hacked.
   -With regulations occurring in China, we may see a drastic drop in ICOs, but it would filter out the scam ICOs, leaving only high quality ICOs to invest in.

5. What we saw today were investors who were either unsure of the invest they had made in NEO or those investors who bought NEO based on the hype of the Red Pulse ICO selling their holdings.
   -This is great as it is building a community of strong holders versus a community of NEO investors that would sell immediately at a little turbulence.

In my opinion, NEO is just getting started with what it has planned for the future. As always, there will be skeptics, claiming all of this is a scam and they have nothing to show. I firmly believe that NEO will reach great heights very soon and that this might be the last opportunity we have for getting NEO at these prices.

I would love to have some civil discussion about what other people think, its always great to hear some other opinions!