If you have been reading my blogs especially of Friday - https://steemit.com/silver/@ajain/daily-silver-chart-analysis-june-9-2017-sell-off-continues then you made money today.
As mentioned in my blog I said that the silver has broken all the support and is looking very bearish for next few days and will touch the $16 handle and it did today.
Now, I don't have a crystal ball but I am pretty good at reading charts. While $600/oz silver may come with the moonshot, but this is not the time. You could be waiting for that or trade and make profit regardless of the direction. Frankly, I don't care what is the price of silver. I make money on either side and waiting for fantasies is neither trading nor investing. But you are the master of your destiny...I am just providing facts!
you believe we should invest into silver it is really low. i want to buy some but cryptocurrency trading does give more profit in in a short timespan. there is something about gold and silver that makes it valuable no matter the price
Invest in crypto only if you understand the game and exchanges otherwise you are guaranteed to lose 100% of your money - no questions about it. In future, cryptos will be around but in a different form. Current form is an experiment (read my blogs on dangers of cryptos). To give you an example credit cards process about 2000 transactions per second and at peak can handle about 46,000 transactions per second. Bitcoin can handle only 7! So what do you think will happen when all the people rush for an exit. And by the way, there is a back door that you and I don't have access to!
Silver is currently the most undervalued asset. Physical silver at this price is a good buy in my opinion. I am saying this because I bought some today.
Again, I am not a financial advisor and am not qualified to do so.
i am currently in a little profit and i don't have any experience besides the experience i'm gaining right now. the internet is a good teacher if you read everything critically haha? but gold and silver is just guaranteed money in the long run. i will check your blogs out and see what i can learn from your experience
thank you
Silver might be shiny but Crypto has all the spotlight nowadays.
There is a saying "there are bold pilots and there are old pilots, but there are no old bold pilots". I plan to be around for a while :-)
Really cool saying!
I wonder what the life span for cryptos will be? Is it like a fad, where everyone had to have a website, then everybody needed their own app, then everybody needed their own twitter account? Is this just a passing wave of another evolution of technology that will fade as everyone moves into the next thing.
You probably could make money with cryptos, many people have. But I see this as a race, where cryptos are like Tesla and an metals are an old 747 who's technology has been around for a long time. The Tesla will look remarkable on take off but the 747 will eventually catch up and will really take off into the sky.
I like the analogy!
As a technology, blockchain is going to be around for a while and there will be digital currencies but not free from government control. That is why, the current cryptos may get replaced with something different which can be controlled. No government can allow money creation and transaction outside of their control. People who think this is the way to defeat governments are only kidding themselves. Make money while you can but don't bet your house and retirement on cryptos!
Yep, people have adopted the blockchain technology as the financial savior. I don't know if it's because they're excited about it, or they have coinage and have a vested interest in being a proponent of the tech, but as fast as it's going up, it can also drop that fast.
I love when all these gungho, I guess they're millennials, tout how it's all math. Like math was discovered yesterday, and the day before that the wheel was discovered.
What if there's a backdoor to the windows system and/or phones and hackers can just go in and send people's bitcoin with the user's computer wherever they want. No computer program is unhackable.
The tech is neat, but that's all it is, tech.
The suppression will soon end and we will all be free and rich. Hold on Precious metal lovers, our day in the sun is close at hand.