Hello wall observers.
There is no bubble, and no big correction incoming.
We known that Japan is known as maybe the most digital society in the world, and we all know they save too much of their earnings, at the point the excessive savings become a problem because people just invest and don't consume stuff. And the April a certain law recognizing Bitcoin as a legal currency and valid investment has been approved, so will be easier and safer for people in Japan invest their large savings in Bitcoins.
Currently there are around 2M of bitcoiners around the world at most, and Japan's population is around 130M. If 10% of the Japanese invest in Bitcoin, then price will rise about 10x due to Japan alone, considering they put the same amount of money in Bitcoin as the current Bitcoin hodlers, but they have the resources to put much more than the current average.
So keep hodling, there is no reason for the price to fall in the long run, and plenty for a big rise.
The japanese are already adopting Bitcoin faster than expected
https://bitcointalk.org/index.php?topic=1907978.0
Nice post! There is no bubble, and no big correction incoming.
We known that Japan is known as maybe the most digital society in the world, and we all know they save too much of their earnings, at the point the excessive savings become a problem because people just invest and don't consume stuff. And the April a certain law recognizing Bitcoin as a legal currency and valid investment has been approved, so will be easier and safer for people in Japan invest their large savings in Bitcoins.
Currently there are around 2M of bitcoiners around the world at most, and Japan's population is around 130M. If 10% of the Japanese invest in Bitcoin, then price will rise about 10x due to Japan alone, considering they put the same amount of money in Bitcoin as the current Bitcoin hodlers, but they have the resources to put much more than the current average.
So keep hodling, there is no reason for the price to fall in the long run, and plenty for a big rise.
The japanese are already adopting Bitcoin faster than expected
https://bitcointalk.org/index.php?topic=1907978.0
Thanks for the information and by reading this I now believe more in bitcoin. Previously I was thinking that this would be another bitcoin bubble and it will crash soon and now you have changed my view.