I screwed up and missed $10.55 ETH
I opened a coinbase account on January 16th to make an initial investment in BTC and ETH, but mainly ETH, which was 10.55USD. I daudled or lollygagged or whatever it's called, and when ETH passed 30, I got off my butt and tried to buy some, but had to verify my bank account. By the time my bank account was verified, ETH was 90 and I bought about $500 worth of ETH and BTC, Since I have bought both a few more times in various quantities and various prices. I have almost doubled what I have put in, which is way better than your average stock investor can say for mid 2017.
Do I regret it?
I do a little. On some level to look at double your money and know that your initial investment would have gone up 26 times if you had acted more quickly makes you say "what if" and hope for a big pullback so you can get some more for cheap. But on another level I don't regret anything. My whole point in adding crypto to my silver and gold was to get more money out of fiat flypaper Reserve Notes an into something that has a chance of surviving the impending banking crash while being usable for online transactions.
Don't Miss out on Silver
Silver is easily the most undervalued substance on earth, and I say that with the full believe that I will see 1 million dollar bitcoin. It is worth 3K because it is just a currency and that is what it will buy today. Silver, on the other hand is minimally worth $400/oz based upon historical ratios of silver to fiat, but is suppressed by a manipulation scheme that has been perfected for almost 40 years. Silver is currently sold for $17.47/oz.
Make no mistake, silver will have a run that puts even Bitcoin and Ethereum to shame. If I had to make excuses for my slow action on ETH, I just might chalk that up to more than 3 years of investing in silver and waiting for a significant move, I probably felt in my gut that I had time with ETH (I did not).
There isn't much time left for silver
Things are starting to happen quickly. The CFTC just punished a precious metals trader for manipulation for the first time in 37 years two days ago. Today, it was announced that an EU bank would be bailed in, a first under the new EU rules . The bank crash is coming, so don't be caught without silver.
This is great post! I am also a silver enthusiast and I have stacks of silver coins. Silver is undergoing a giant triangular pattern for years. Once it breaks through it, there will be no turning back. The gold-silver ratio is also near all-time high that we cannot be wrong!!
Thanks for picking up silver here...maybe I should grab some to hodl
good post
I keep saying silver is under-valued, but I guess I had to read this before I considered investing. Great post and thanks for making me listen to my own advice.
It takes a while to get us to do that, doesn't it.
What platform do you use for silver?
I have two:
@natxlaw could you go into a little deeper on why you think silver will make a run like bitcoin or ETH soon? Are you basing the same spike for silver, solely on the demise of fiat currency? Or do you see something else happening soon too?
Silver already would have had a big run but for the manipulation of it through paper silver. Silver's run has to do with the end of paper manipulation, and there are reasons to believe it is coming to an end. The U.S. government, and the central banks have to suppress gold and silver to keep faith in their printed money. What you see with the Chinese establishing their own precious metals exchange is that they will tolerate the manipulation as long as they can get cheap silver/gold. Once they are done stacking on the cheap, they can end it.
@natxlaw great info! Im with you %100 percent im looking into buying some i have heard of apmex.com, but if you have any other suggestions that is much appreciated. Yeah the hole Rothschild dumping big money back into gold and silver sure makes you think twice.
You have hit the nail on the head...
Great post...
cpaseba! (that's thank you in Russian)
I have wanted to invest in silver for some time. I looked into it again just recently and was hit with the decision to buy mint silver coins or bags of junk silver. In your opinion Which would be more useful in a market crash or civil war?
I think most useful would be silver dimes. The amt of silver in a silver dime has been a days pay for much of human history. The other side of that coin is that with Constitutional Silver, (us mint currency) the gov't could demand it back at some point in theory, like the family who just had 4 St. Gaudens Gold Dollars Stolen by the U.S. mint.
Thank you for this insight. I did not know the govnt could demand it back. Will be buying bags of silver coins from now on my friend.