If you have been watching close in recent days, the metals markets have started to move higher in spite of the crypto sell off. Silver bottomed around 13.50 and gold has risen steady of its bottom to currently rest at around 1330.
Today I had to talk myself out of selling off a few thousand dollars of Cryptos into the metals market! I always seem to get a little jumpy on these sell offs but I have learned my lesson over and over with Bitcoin........when people are calling it dead and laughing during the sell off, it becomes the time to buy after the weak hands have been shaken off. I have been shook off my position a few times and have regretted it shortly after almost every single transaction.
This sell off was healthy and most likely a product of the nice rise the entire crypto market had and coupled with the Chinese government coming out yesterday and outlawing ICO'S. Say what you want about China but, I for one am happy China is seeing these initial coin offerings for the scams that are. I do think that several of these coins will hit big for some people but the majority of them are mechanisms to extract Bitcoin from your holdings.
If more national governments were to adopt this way of those nking to protect investors, the real coins like BTC, ETH, LTC will get more of the market share that they deserve. Why are you buying an idea for so much money (BTC) when there is not even an established blockchain?
My question to you all is what do you feel can happen more easily.....gold or silver doubling from the spot they are in right now or BTC having another double? I don't know the answer to this question but I kind of have a feeling that 18.00 silver has an easier road to 36.00 than BTC has to 9k. Where do you guys stand in this trade? Where is the best place to park this garbage cash right now?
Please leave your comments below and let me know how you see the next 12 months or so going. I hold gold/silver/BTC/LTC/ETH/Steem already but just trying to get my chips in the right spot for the next 12 months for the most profit.
Obviously, BTC doubles first. It is still under the radar of about 90% of the financial community and most investors really do not know what's going on in the crypto space.
If Gold were to double in the span of a month, there would be mass suicide over at CNBC and the entire financial community would be scared out of their wits.
The Banksters and Govt. Goons will not allow that to happen.
I wouldn't be so sure. The paper market has been leveraged more than ever before, when it breaks and the commercials go big net long.......the rise will be violent. I think silver hits 35:1 GSR before BTC doubles. If that's the case than they money is better off parked in silver. I don't know what the hell to do.....I guess nothing.
@broncnutz,
"I for one am happy China is seeing these initial coin offerings for the scams that are."
Actually I feel the same and according to my viewpoint it will make more demand on BTC, LTC, XRP, STEEM, BCN and few other coins as well! I don't think GOLD and SILVER will doubles in that period of time, But GOLD will steadily shows an uptrend but crypto market under regulations from SEC and PBOC will bring more investors in and the demand for the regulated currencies will go high in the air!
Anyway I respect your concept, after all those f*cking cryptos we should keep metal as our base investment! It's what all governments do, it's what our forefathers did and it's what we should do as well!
Great post and thanks for sharing this valuable tip (buy metal, keep metal) with steemians!
Cheers~
Good reply right here! Thanks for your insight, I actually do value what others think, I'm just tying to make the right decision.
You should replace BCN with XMR (in your portfolio too, if you have any). Please don't lump that scamcoin in with legitimate coins. It was instamined. Additionally, someone in the Monero community discovered a bug found in the implementation of RingCT which when exploited would allow an attacker to create arbitrary amounts of coins. This bug was was patfched, but not without being exploited first. There is no evidence that it was exploited in any other cryptonote currencies prior to being patched.
Diversification in this CrAzY world is key but the metals are the ONLY true money IMO. Everything else that's used today is not money and should never have been except for the greedy coming up with schemes to rob, rape and pillage more easily and without bloodshed up front. As for the crypto's it's retaliation and hopefully a solution to this seemingly everlasting problem.......... metals first always.
I agree 100% cuz.....metal is gods money. Use BTC like a little bitch to collect more metal during this mania.
:) Nail on the head brother.................
Crypto is the only asset class possible to own absolutely no counterparty trust, because they don't require physical security. Can you hide precious metals within the contents of your mind?
I'd like to say silver, as that has been one of my favorite (albeit unprofitable) places to put my meager extra dollars over the last few years. I think Litecoin or Steem could double before any of them.
Actually good call. Steem probably does have a reasonable chance to double soon.
I have been liking steem more as a trade lately.
And when the facebook gang sees the cryptos fly they will flood to steemit.
Been toying with different ideas along this line. If you put $100 into silver, $100 into gold, and $100 into bitcoin. Which one does best going forward?
I have all 3 like most investors do. I know going forward the relative values will change and stretch like a rubberbands. Most crypto and metals investors don't like cash, but it was the best play,trade to make at the top.
Bitcoin long term is hands down best.
Need to have weighted balanced portfolio always, you can have it compartmentalized, but if one stack gets too big its time to do work and move the stash and earn your keep when everyone is panic selling.
I didn't do so well isolating during the run down but I know it will return.
Notice the few cryptos that held or gained value during the plunge?
Dogecoin was one.
awesome reply, you and i think much alike. I actually think silver is best play right this second but who knows for how long. BTC should rise to crazy numbers but I feel it will get squashed someday by bankers when they round up enough of it.
Gold is so hard to say honestly.. In the end it's all about what the manipulators decide. If they would let gold trade freely it would probably do more than just double. Therefore i prefer Bitcoin! Very volatile indeed but atleast it acts according to real market forces as opposed to fake paper contracts
all ponzi schemes end badly and this one will too.......gold going to the moon, but BTC might be there in the lazy boy getting a foot massage when gold gets there.
i remember my college days about 5 years ago, when i was offered to buy 1 bitcoins for few dollars but that seem costly to me and i didnt take interest that time but i can't move away from bitcoin and today its 100 times of it and gold is still less than twice.
So comparing it with gold, gold doesn't stand anywhere in front of it
Man it would be sweet to go back in time to pile up a bunch of crypto.....today is a new day and it goes much higher so there is still time to stack em up right!?
You are expecting btc to go above 5000$..
You we should stack some other coin
Hey OG!!!
Per your title, BTC doubles, even hits $10k before Gold even hits $2k...
That being said, the over-leveraged MANIP-MANOP crew can lose control at any moment, but we've hoped and prayed for that for YEARS. I'm still long Cryptos and SILVER, but adding a little Gold as well ;)
I will add a few more ozT of Silver too.
Keep Stacking, my Friend! I'd suggest buy Silver with some crap paper investments, instead of Crypto... Or just ca$h like I am :D
I am not selling any crypto right now, i think it goes way higher as well. There is a time to get off the train though.....so dont get caught in the dead end.
PS: Unless THIS happens First!
https://steemit.com/steemit/@underground/big-reset-date-announced-link-within
TRUMP Predicted to return to a GOLD STANDARD, clicky da Linky!
Thank you so much for this post OG @broncnutz 719 west west ...
(1) Gold is really looking stubborn at this moment and it has already got the base to go for an up run....we have already seen the consolidation for quite some time, and i think it has already made the base to move upward.
(2) Bitcoin may correct slightly, but any correction will be meeting with buying pressure only and in 2018, i think 10000/15000 level is highly probable.
(3) the altcoins are getting the buoyant force from the bull run of bitcoin, so it will be interesting to see some altcoins like ETH, LTC etc.
Thank you once again....steem on & stay blissful...
Wow it is great to see there has been another spike. For those who bought in the dip may be swimming in a pool of money soon. I'm happy that people are realising that Gold and Silver is a better store of money rather than having USD or other fiat currencies which are constantly depreciating.
Banks just creates it purely out of thin air and this system based on debt benefits no one expects for the banks and that is why they are so inclined to holding on to it rather than moving to something more distributed and equal such as bitcoin.
I think that BTC will double in value fastest @broncnutz but I wouldn't be surprised if Gold explodes even more
dump btc into gold and then gold into btc and then btc into gold and then gold into btc=winning formula
IMHO, diversification is key. Also, what is your ultimate goal? Do you want to speculate to earn more wealth or do you want to protect the value of what you currently have. PM's for wealth preservation, cryto's for wealth accumulation. I feel that some of the altcoins have the best chance to double first. Which of them? That is the question, heh.
I just try and transfer a little btc to gold here and there.....so your analogy of PM for preservation and crypto for accumulation is spot on in my eyes.
I think btc will double first before gold does. Despite its performance, a lot of investors are still weary in buying cryptocurrency.
Crytocurrency is still in its infancy, so there is a lot more room for growth I think. Everything I have seen or read seems to indicate a gradual mainstream adoption of cryptocurrencies.
I'd still invest in some gold, but that's because its a shiny, pretty metal rather than for its potential value.
After posting my initial comment, I looked back for news on btc. Just to prove my point:
http://www.dailymail.co.uk/news/article-4543488/Man-throws-Bitcoin-hard-drive-worth-4-8billion.html
These comments are only three months old, but already they express skepticism and misunderstanding of what bitcoin is. That would be rectified as digital currency gains more tract.
There is so much bad info out there, people still don't even know about BTC or even how to get it. It has much higher to go.....better keep an eye on these metals though......they breaking out.
No doubt about it. So much more to go. But im still buying gold. Diversification is the best way.
I do think silver and gold will have there day eventually when they go wild, i just don't see it in the near future. I think bitcoin will likely double first. I just wonder how long it will go, I've yet to buy any significant holding in btc, and perhaps now is the time.
I think you might be right, but when gold and silver go on this bull run that is inevitable, they both will rise so fast it will scar you on what is happening.
I think the Bitcoin I see when the 21 milion bitcoin will be mined the price of the bitcoin expolosera we will be in another dimension :)
oh lord lets hope so! I am tired of working for the man.....
Just be confident and patient I'm sure there will be a revolution the capital of the market will triple and the bitcoin ansi that most of the altcoin will beat the record
my money has been in crypto since 10.00 BTC......the OG Broncnutz aint going nowhere!!!! I will be holding crypto forever...and gold...and silver and other cool shit like bullets, and guns and hot chicks! lololo
ahahah @broncnutz in a G!! Man for sure check out VTC!
Just go to the end .. we will go we do not know what will happen we are confident that's what we chose :)
I added a little bit to my BTC/ETH over the weekend. I am hoping for more pull back because I'm under invested versus where I would like to be in the crypto space; it helps my goal of averaging in overtime. I sure hope the price keeps going up long term because it would sure help my my mining contract to stay in the money!!
Oh I think crypt is keep going up. I'm just trying to figure out where's the best place to park money for the next 12 months.
Gold and silver has a more negative sentiment around it for the past year. I've gotten so frustrated looking at how much more I would have in cryptocurrency if I didn't sell it off for metals. However, metals is for emergencies and we are just now entering a world where more people are concerned with them. N Korea and Houston plus a potentially devastating hurricane in the next week.
I hope the answer is crypto's because if it is metals then I think it is showing we are having more legitimate emergencies in the world. However, wouldn't be surprised to see Gold approach higher levels.
I did the same thing but the reality is.... G/S can have the same rise if they want it to and I think they want it to eventually. The banks collected a lot of it and they didnt do it for no reason. We just gonna keep stacking it all over here and win no matter what happens.
Wow, this is a super post @broncnutz and it really made me think to myself, you've made some excellent points. China's crypto clampdown, along with the Silver and BTC value projection comparison makes sense to invest in the Metal Markets, but you just never know with this crypto game, it feels like when the fiat crashes, the crypto rises, we'll just have to see mate.
I agree....I don't know what to do. I think crypto goes higher first but you gotta get off a little along the way....don't be a sucker right?
I think Crypto is going to explode in value as it already has with Bitcoin, but who knows, just keep spreading your bets if you can mate.
I'm in with bCC but since BTC is high , I am have major losses :( I'm not sure when we will see recovery or will it just be a major loss
Gold vs BTC...? It's no comparison IMO. Crypto's go parabolic, BTC has doubled many times over since 2009. Take Golds best 5-6-7 year run and it's not even comparable. Gold is in the conventional market with the criminal Comex involved, high frequency trading and big banks moving the direction.....Goldman/JPM... You can't naked short any of the cryptos...
yea i hear ya but the banks have gathered a lot of metal.....they didnt do it for no reason.....they love to be rich.
They love to be rich by buying off politicians and getting their way with financial systems like HFT, 401k fees, derivatives, credit default swaps, etc... You can break the law and not go to jail, what can be better than that...
I'm still for physical gold and silver. It's much safer for me to hold it in my possession and eventually it will reach its fair market value in due time. We all know that prices of gold and silver is being manipulated.
I think your right but i use crypto to buy gold/silver. I think its smart to go long with some BTC to really stack metals high.
Valuable information and very important post. thanks @broncnutz
100% like and resteem
BTC will double very easy :D
Great post as aways @broncnutz
Upvoted and resteemed
Absolutely right....I'm 100% agree with you..
@broncnutz we always try buy and hold BTC, LTC, ETH,GOLD ;SILVER........
buy and hold this crypto and metals...I think we can success to our future...
Thanks for your great analyse @broncnutz
Perfect work...
Upvoted and resteemed..
Cheers~~~~
I would say BTC having another double is more likely because the crypto market is much more volatile and unstable than the metal market. Metal market has remained relatively over a much longer period of time.
East or West Bitcoin is the best.
Great article and great question. Diversification is my plan for now and have some of each.
I own LTC, BTC, VTC and a few others but those are my main ones. I know what you mean man, you gotta force yourself sometimes to take profit off cryptos and put into silver/gold! I think we're about to see growth in both!
As of what do I see in 12 months...(I think it depends on what state the banks are but anyways here ya go)
LTC-$500(Atmoic Swaps and Colored Coins will be huge imo
BTC-$ 15 000 I think the banks really start to fail within a whole year so people will flock to a safe haven for their money...
VTC- $10 I can't get enough of VTC man look into for sure! Too much to even mention here! Heres the website to check it out, I think it'll have some of the most growth in crypto! https://vertcoin.org/
Good reply, I think your projections are pretty good. I don't like any coin not in the top 5 in volume. I think some will hit big but it's just not for me. I already took my risk when I plowed 8k into BTC at 10.00 so I just protect BTC at this point.
The BTC should be ,as it exceeds the past records seems like that
anyhow time will say which is going to explode
You got it just as I have been thinking.
Bitcoin, Etherium, Litecoin and I believe in Dash.
But silver is the real underdog, it's going to triple if not more!
But anything can happen.
It's best to have some of each.
Gold is going up but Crypto is love !!!
@broncnutz - ETH still in that regulation trouble Sir. So, better buy more BTC & hold it. I believe BTC will touch $10,000 peak in next year. But converting 25% of BTC profit to gold will provide you unlimited benefits Sir. Love your work Sir. Therefore, I wish to ReSteem your post.
+W+ [UpVoted & ReSteemed]
Thank you! I always leverage out a little profits from BTC into gold.
I only have a few hundred dollars tied up in BTC/ETH/LTC, but I chose to buy $10 more into these tokens today. I think the sky is the limit for blockchain technology. Hopefully I can time my buys in the dips and make the most out of these investments.
amigo #resteemia at your service
Chinese regulation on ICO is an excellent work. so we can enjoy up trend market of all legitimate crypto coins. so better stay with BTC than gold at this time @broncnutz
ReSteemia
'UpVote ReSteem Comment'
Bitcoin probably quadruples before gold doubles.
very optimistic, I would not mind that.....would let me buy four times as much gold!
Haha, you are really into that shiny stuff.
How could one not be? I like anything that has stood the test of 6000 years! 6000!
I'm very bullish on silver & gold long term, but even if they doubled I probable wouldn't sell my positions (maybe a 10 oz's of silver to liquidate for some other hard asset, but none of my major positions).
This was a great post man - thank you for the wisdom and bringing up this important investment topic. I'll look forward to reading more of your content. *Respect
I feel that logic dictates that gold will double first but since logic appears to have no bearing on how the market works, I guess it will be bitcoin. My logic stems from gold being tangible and limited in supply and bitcoin is intangible but is also limited in supply. The old saying is a bird in the hand is worth more than two birds in the bush. But today logic flies out the window. Further I feel that silver should (if logic should dictate) climb higher and faster than gold. Okay I will shut up now.
Hilarious picture! I literally laughed my ass off!!!
Maybe both? The recent action in the gold and silver markets is in a very big way the product of USD going down than XAU/XAG going up. If you compare the charts for other currencies against USD, they all look quite similar.
Both going up silly would be fine with me!
BTC Double first than gold because BTC is far better than gold to invest. There is many people who are investing a BTC and More than half of investor of the world are investing in BTC rather than gold. So,if we trade BTC in few months it will be double. SO, in this way BTC is far better than gold.
I'd like to say silver, as that has been one of my favorite (albeit unprofitable) places to put my meager extra dollars over the last few years. I think Litecoin or Steem could double before any of them.
DONt weaken on that silver stacking.....I still buy every week. It's gonna bust wide open and go crazy high soon.
I'v no idea about the silver/gold trade market. As I am a bit of a rookie when it comes to crypto's... Those regulations China made are probably for the best, however I have my doubts that Bitcoin will hold out in the long run, as I believe it's actually too hyped already being the first and all. My main bet is with EOS and Bitshares for the long run!
You have no idea about 6000 year old money? Why? I think you should learn more about what is REALLY HAPPENING right now in those markets and use BTC to gather up as much as possible.
I have no idea about the current market concering gold/silver trades, as I never took much interest in it. Besides, I rather put my investment into something solid and revolutionary, hence the crypto world.
Hey OG, in my humble opinion I think BTC will double up first and maybe faster than Silver, it's just my opinion though, love to see your posts, Cheers!
you might be right.....hopefully its a tight race....because if it is, I win both ways.
not into gold but hope btc doubles
Great topic @broncnutz
Thanks for sharing
LOL. Nice photo of the bull. Powered by beans? :-)
its fuled by orange and blue broncos nitrus.......
If gold has been prized because it is the most inert element, changeless and incorruptible, water is prized for the opposite reason -- its fluidity, mobility, changeability that make it a necessity and a metaphor for life itself. To value gold over water is to value economy over ecology, that which can be locked up over that which connects all things. :)
I agree dude. I am invested in Marijuana and water shares in Colorado.....i see both at valuable.
Nice effort my dear friend @broncnutz..
Definitely Bitcoin will double first.. Not even double.. To the Moon.. Upvoted for you..😊👍👌
Crypto profits to p-metals is healthy too. Both hand in hand work together to secure your financial future.
