I think we are going even higher from here, just based on the fact that everyone and their mother is looking for a correction. I am thinking $500+ then the pyramid will collapse.
Dont look for help from China. That country is a joke. The majority of the people there live in squalor. I think the per capita for working/middle class is like $17000 a year. The country is a toilet.
What about India? How come they arent mentioned in the same breath as China?
Sell soon and at least get something out of this unsustainable rally.
Dont look for help from China. That country is a joke. The majority of the people there live in squalor. I think the per capita for working/middle class is like $17000 a year. The country is a toilet.
What about India? How come they arent mentioned in the same breath as China?
Sell soon and at least get something out of this unsustainable rally.
Something tells me you're one of the 25% of Americans who cannot find the US on a map. (If that is even a real statistic). (Not a US diss, I am American but am frequently disgusted with the people around me, but I will forgo the rant this time)
#1. I would be surprised if they averaged 17k/year, if that is the case it's major progress. Nevertheless....
#2: They are obsessed with cleanliness. Toilet? lmao. A toilet is how we treat most of our public areas. (And alot of people do their homes) Not them. (Sure, there are shitty areas, as with everywhere else)
#3: While there is a large income disparity, and people do live in squalor - there is also a massive amount of wealth in China. While it may not be equally distributed among the people, it's there nonetheless. The people who control it mostly got there by taking risks. Bitcoin and those types of people are two awesome peas in a bad ass pod. Look at the size of the economy there before you say there is no money in China. Wow.
#4. India is good, but also look to Africa. So many reasons. Bullshit government currencies. Highly mobile-tech friendly culture. Familiarity with alt-currency. Minimal traditional banking infrastructure in place to fight. Perfect place for bitcoin to thrive, bitcoin would help them, and they would help bitcoin.
The country is a toilet.
toi·let (toilt)
A fixture for defecation and urination, consisting of a bowl fitted with a hinged seat
and connected to a waste pipe and a flushing apparatus.
LMAO You made my day. 谢谢你~