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RE: Im Holding All My Trading Capital In USDT/Tether Right Now
Sure, I actually believe in some absurd claims, Im very interested in exponential growth and I believe right now that 0.01% of the global population does own cryptos and I have seen projections for 3% at the end of next year, so this could potentially go bat shit crazy.
Having that said, I dont really have any projections for the big ones, I cant really read the charts that far in the future. But I do believe that Bitcoin could easily reach 10000 before the end of the year.
I think there is the potential for a $250B market cap for cryptocurrencies by Thanksgiving. Hedge funds are being set up all over the place hence some big money is going to start pouring in. Of course, this isnt the average investor money (they are always the last to the party) so I believe the run has a long way to go.
Right, there are a lot of factors to consider and I also believe that we are heading into a paradigm shift in terms of the monetary system and that is perhaps the biggest things ever for the financial system. For the first time, we can become our own banks and if people will lose faith in fiat money, which I believe will happen, cryptos will replace all this.
This last month has been very interesting for me, I have spoken about cryptos for 2 years, but few listened to me among my friends and family (I bought Bitcoin at 240 USD for the first time), but now a whole bunch of them are reading about Bitcoin and watching MSM mentioning it and now they are interested in how to get in. And some of my friends work in finance and they have no idea about this potential, it is quite amazing to say the least.
Terrific about your family and friends. That said, the vast percentage of people out there still have no clue about crypto or what it entails. I think if you asked 100 average people about it, especially in the western countries, 95 wouldnt have even heard about it let alone invested in it.
As for the shift, I agree it is possible. However, I do not under estimate the power of the banksters and their ability to negate something that promotes freedom. They run the governments and I expect them to push their own crypto while having others being in the hands of the average person made illegal. Plus I wouldnt be surprised if they ended up buying up a great deal of bitcoin over the next decade leaving just the scraps for the rest of the people. This is what they did with gold.
I just saw this image, its is very interesting in terms of adoption rates:
I like this graph, it shows that the growth is exponential. If we look at Smartphones, it went from basically 0 to 90% in 5 years. And growth itself accelerates for every year so I wouldnt be surprised if we could reach 90% within 3-4 years. Just recently I saw an estimate for crypto usage that we would go from 0,01% to 3% at the end of 2018 and if we look at this graph that would not be outrageous.
I totally agree with the elites, they will not surrender easily, they tend to go to war when shit hits the fan, so anything is possible. If they were to purchase all Bitcoin, I would assume that many people would just move to another currency. I dont think they will be able to stop this, but I have an optimistic way of looking at life...
Adoption rates are surely accelerating. It took over 60 years for 70% of the homes to have a telephone in the US.....it took over 30 years for over 70% of the people to have a PC...and it took under 7 years for 70% to have a smarphone.