RE: Gold, Silver, and Yes Cryptocurrency, Are "Anti-Debt." By Gregory Mannarino

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Gold, Silver, and Yes Cryptocurrency, Are "Anti-Debt." By Gregory Mannarino

in bitcoin •  7 years ago 

Gold and Silver 100%! One needs to be careful with Cryptocurrency. I'm All in on Bitcoin and some of the other Tier 1 coins. With over 700 tokens out there, and a new ico popping up every hour you really need to be careful.

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Gold and silver looking good today.

my silver looks good everyday ;)

No too bad! Hopefully the monkey hammer is put on hold for awhile.

Bet on gold and silver not this new DOTCOM CRAZE

Does not hurt to diversify, just hold 1% of your assets in Bitcoin or other cyrpto assets. If that's too much then just have 0.1% but you should not steer clear. A lot of people made some life changing money during the dot com craze and they got out at the right moment.

well... a well performing little side bet ain't such a bad thing!

I agree with you on crypto-currency. I would suggest a little Bitcoin for starters, just to learn how to use a wallet, and secure your funds. Then read up on DASH, Monero, and ZCash... all of which have anonymizing built in, so people cannot track your net-worth (in crypto). DASH is nearing their release of the Evolution wallet, which will take crypto-currency ownership out of the techno world into the mainstream, and will see a big bump in value.

Agreed, precious metals have intrinsic value, but cryptocurrencies do not. However, it doesn't hurt to have some in your portfolio as a diversifier or to trade it short-medium term.

I am the same way, i have been around Bitcoin since it was $25 but it crypto's have some major possible negatives, including the possibly of reaching intrinsic value of zero (if you not honest with yourself here that is up to you), and it has at least one "single point of failure" which is never good. You can argue that the single point of failure is not very likely but the consequences are devastating. You also only need to read some history and understand our current safeguards to know that is is a much more real possibility than you might want to let yourself believe.