Not only gold but silver prices will also rise high. Both Gold and silver are safe heaven if you are looking to invest your money.
Unsafe Investments: Stocks / Land Property / Fiat Money
Safe Investments: Gold / Silver / Bitcoin
I kinda agree but I would separate land and property. Many properties are hugely overvalued, typically apartments in town centres (who wants to live there if pandemics become regular) but land - real land where you can grow food - is the best investment of all. You can't eat gold. |
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I agree with @Benefactor if you're a bitcoin believer. Long term you want it to go up, but short term you want it to go down so you can acquire more.
And if you're good at trading (or have a trading bot) you want it volatile all the time because you can make money even when the average price doesn't change.
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You don't say how much BTC you have but if it's a fair bit and you're HODLing you could try lending it out - sites like CoinLend.org will do it automatically and safely.
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I love both, they each have their uses.
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There seems to be a selloff going on, which I guess makes sense if the airdrops have finished. I've sold some of mine but I'm keeping the rest hoping for long term gains.
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thanks - I'll take a look
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Best exchanges in my opinion are currently binance, bittrex, poloniex, gdax in roughly that order.
That's interesting - I only have experience of Poloniex, what would be the benefits of moving to Binance? |
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I like what you're doing so far.
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Yes! It is totally unfair. Those who joined last year became legendary members without the real effort and those who joined recently can't come even close to that rank. Merit system favorites the old members. If a newbie wants to reach legendary status he must comment for years and all his posts have to be amazing! Merit system is nonsense now, it should have been introduced from day 1.
I'm not entirely happy with the Merit system - I was just about to become a senior member, and won't now. However, the fact the system favours older members is surely the point? They're the people who have supported Bitcoin through it's development, not the Johnny-come-latelys who joined in November because they heard it was a get rich quick scheme. |
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Some positive thoughts there, thanks.
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Good points, well made. I just wish I'd got it at the end of last year and sold while I had the chance. Now it's hodl or lose.
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Taken together, these events may simply act as another reminder of the “volatility” of the cryptocurrency market, which saw bitcoin rise to a peak of $19,783 on December 17th. Bitcoin has gone through multiple crashes before: in spring 2011, in November 2013, and in January 2017. However, this current bubble comes against a new backdrop: a global tide of regulation against the inchoate cryptocurrency industry. On one hand, these regulations may be scaring bitcoin investors into selling their coins now before the full impact of regulation makes itself felt. On the other, it may also be threatening suspect exchanges such as BitConnect, with its own token declining in value by 46 percent between December 17th and January 15th — the day before it announced its closure.
Well said - I think that's it in a nutshell. This would be a crash in any other asset, but in Bitcoin it's just another day. |
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Bitcoin isn't dead - we get these pronouncements every few months. Just stick with the plan and Hodl.
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Mining is much like holding Bitcoin - you have to hang on through the bad times not just the good times.
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I've been driving electric cars for years and love them - they are the future. I'd never go back to a fossil car.
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I agree that the world economy is sliding down - wages are stagnant in the US, UK and much of western Europe, China is having problems selling so much stuff to the west because there's no money there. I think the value of Bitcoin will rise as the value of fiat currencies go down. As always the best advice is to hedge - own some fiat, some gold, some Bitcoin.
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I'm sure you're right - and that they were actually lizard creatures. Or do I have my conspiracy theories mixed up?
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I worry about Coinbase - it's getting too big. Many people seem to thank that Coinbase is Bitcoin.
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How would they know they've gone to an exchange? Sure you can see them leave an address, but how can you know they've gone to an exchange? If you knew the address belonged to a particular exchange then you'd say what the exchange is. FUD.
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We're at a low point, partly because of the advert bans by FB and Twitter, but I think Bitcoin can only go up from here.
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