Hello world!
Ive been seeing a lot of no coiners on facebook lately laughing at us about the 30% correction that happened the other day. Quotes like "see i told you it was gonna crash, suckers!"
Well I have news for those people, WE JUST GOT STARTED, and here are my thoughts why that is...
First example I would like to use is the DOT COM bubble. I think we can all agree this is the similar tech field.
DOT COM bubble at its peak hit $2.948 Trillion dollars in 2000.
http://cnnfn.cnn.com/2000/11/09/technology/overview/
There is approximately 3x more base money in America than there was back in 2000.
https://www.federalreserve.gov/paymentsystems/coin_currcircvalue.htm
Also there is 40.9 million more people in American then there was back in 2000.
https://fusiontables.google.com/DataSource?dsrcid=225439#rows:id=1
So take into account 2.948 trillion dollars x 3 times more base money, plus the population growth, we're at 10 trillion dollars by 2018 - 2020 easily! THEN YOU HAVE TO TAKE INTO ACCOUNT THIS THING IS GLOBALLY!!! THERE'S 3 BILLION PEOPLE ON THE PLANET WITHOUT ANY FORM OF BANKING SYSTEM THAT REALLY NEED THIS STUFF!!!
Don't believe the world need for this stuff? Please watch this video, start at 10mins if you're in a hurry its aprox 3 mins long.
So when your friends say this is a bubble and its all over soon, show them these facts, NUMBERS DON'T LIE!
At this moment we're at 550 billion dollars, and with the stats I just gave you I don't see how we don't go to a min of 12 trillion dollars by or before 2020.
