"I'm a late-adopter and my late-adoption is a sign that we're at a bubble level. But then part of me understands the difference in this than say, an overinflated stock or a house. So here I sit smack dab in the middle, open to any outcome -- crash down or explosion up."
Could def go both ways. The reason why im so confident in bitcoin is: the community!
They stand behind the idea...mainstream media, goverments etc disinform and warn people about bitcoin for so many years now and its still here... now after like 10years it gets attention it probably deserves
so i like the one part in your book where you are saying something like if you are in your 30s and have close to zero net worth stop what you are doing, because its not working..
When i look at our economy I see the same problem.. Look at the debt we have, the debt is bigger than the total money supply, its just not working
If we have a look at our economy: its only based on debt! (photo attached)
There is gonna be a big bang in the near future and its not gonna hit greece next time! And than i dont wanna have too much money in any of the banks!, wanna see how much money your dollar/euro is worth than...
My grandgrandma had money in the bank to buy a house, exonomy collapsed, after that collapse with the same money she could have only buy a cow than, just as a reminder, it would not be the first time that a fiat currency loses all his value overnight
Governments paying for banks for bailout... it is unavoidable that it is gonna happen again! Its just a fact!
dont know when but i believe to know where people are gonna put there money and that are not gonna be the banks!
You can quote me on this estimation in 2020 again, but if the bitcoin Bubble is not bursting in the next 2years, and im not talking about a 3k pullback after it just gained 5k, i believe in 100k+ by 2020, with the next btc/block halving...
Momentum+adoption+Increased demand+less supply with halving+ low transactionfees and almost instant payments with implementation of the lightning network
Time will tell
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