Meanwhile, deep in crypto land cryptocurrency has not exactly had the best week. Bitcoin the largest digital asset lost more than 12% Friday and drops below $36,000 to its lowest level since July. Since its peak in November it has lost over 45% of its value. other digital currencies have suffered just as much if not more with ether and meme coins mired in similar draw downs. Now that's all sort of percentage stuff. But in absolute terms, bitcoins declined since that November high is wiped out more than $600 billion in market value, and over 1 trillion has been lost from the agri crypto market while there has been much larger percentage draw downs for both Bitcoin in the aggregate market in the past. This marks the second largest ever decline in dollar terms for both. For context of course, it's not like cryptocurrency is the only sort of investment area that's doing poorly the Dow hardly had a good day. And investments overall in the US stock market have been doing poorly so far this year. But that's a pretty big decline in a week or even just in a couple month period.
And what's crazy is how places like Kazakhstan where now in 18% of the world's bitcoin is mined since like China kicked out Bitcoin mining and the government of Kazakhstan is facing huge protests in that country over electricity outages and shortages and we know how much electricity it takes to mine Bitcoin. I wonder if one has to do with the others. So it's almost like this is not the currency of the future, you know, how it like relies on fossil fuels and causes mayhem in second and third world countries anyway. Yeah.
BITCOIN is not the future of money, buy Gold
As soon as we start talking about crypto people who are familiar with the show and me and so we're gonna be like data for crypto, which is just true. I'm worried about people losing everything because I am just jealous. Yeah, no, I am probably biased. I grew up incredibly bore. I am very suspicious of anything like this that I feel fundamentally is being marketed to regular people as maybe the last remaining way they can ever strike it big because so many of the traditional ways of growing wealth have been choked to death over the last few decades, but in the end appear to only benefit the already wealthy that is my fear. And I am not saying that there's not money to be made here. Some people are going to buy the dip right now and if it goes up in theory, they might make money but I would remind you, what money are they making? They're making the money of the people who sell is it go down the people who have lost the money transfer their money to a few people who can afford to weather these Unstable Times. And if you're one of these desperate individuals, you probably are not set up financially to weather for six months or a year or potentially longer. These sorts of tips really fast when I go on social media, the stuff I see about this just makes me even more cautious, constant tweets and memes like this don't panic sell you will regret selling in a few days with memes and stuff like that. And you can always expect gifts like this newbies in the crypto world and then they have a fun meme about them staying strong and diamond hands and all that a lot of people are going to lose everything and they're not talking the way like if this was a rational investment that should naturally grow over time. You talk a certain way about it. I don't think that's the way most people are talking about the talking about it like it's a scam that they're going to be more like gambling than anything else. But that's just my uneducated opinion.
Gold, The True Money
If I'm an institutional investor who has billions of dollars that I'm managing for other people, I want to have a portfolio that has non correlated assets, meaning they don't all move in the same direction with each other. So that way I can diversify my risk across all the other assets. It's kind of like a teeter totter effect, right? It's one of the classic pieces of investing advice you get in the beginning, which is to own some stocks and some bonds, because when stocks go up, bonds go down and when bonds go up, stocks go down, so your risk is diversified, but since Bitcoin fell and the stock market fell, it reaffirms to those guys, at least for now, that Bitcoin is a very correlated risk on asset and if I'm a hedge fund investor, I might want to hold off on buying Bitcoin until I see that they don't move in the exact same direction to each other, like Gold.
Gold has always been known to be negatively correlated with other assets including Bitcoin, meaning it tends to do the opposite therefore, when Bitcoin falls, gold rises serving as a safe haven and edge against financial hassle and we have at the moment. At times like this, gold owners also count themselves as lucky as they are immune to the catastrophe experienced by an in diversified portfolio.
If you want to buy gold and you have no idea where to buy gold, I'll be providing you with the best and easiest way to get gold instantly at your convenience. Introducing to you the Digital Gold Platform.
DIGITAL GOLD PLATFORM provides you a Cryptocurrency that is 99.9% backed my physical gold called GOLD Token. The Gold Token is a ERC20 token. Can be purchased easily via the gold.storage just like buying physical gold the only difference is that you'll be buying it at your convenience.
You might feel skeptical about investing in anything relating to crypto as a result of the recent deep but this token has should sustainable immunity towards it all, which is a notable feature of Physical Gold. And has shown several signals of a future increase
-> Is the GOLD TOKEN safe?
The Gold Token is based on the blockchain technology. The blockchain technology is secured by cryptography.With the help of cryptography which is a basic element of the blockchain technology, data entry and a new block creation fully authenticated. Also, because blockchain is a decentralized network, there is no central command center and everybody has an access to view the data hence, a data can not me altered without being flagged. Therefore, the risk of hack of your digital gold coin is impossible. Security not your Gold Token is guaranteed.
-> How much is the transaction fee?
There is no transaction fee. All transaction fee are free. You can perform as much transaction without any cost
-> What is the minimum amount of Gold token that can be purchased?
The gold coin platform allows you to buy gold even as low as 0.5 grams. This creates a room for people who do not have a large amount of capital to be exposed to gold at anytime.
-> How much is the insurance and storage cost?
The digital gold platform provides investors with GOLD TOKEN which is equivalent to owning a physical gold. This physical is stored in Billion Star Vault in Singapore. And this security does not attract any cost from the investor. It's ball free of charge.
Along with the storage, the gold are fully insured and it's free.
GOLD COIN MARKETPLACE
The Digital Gold Coin has a marketplace for an easy, and secure purchase of Gold with the Digital Gold token
->>> Digital Gold marketplace: https://gold.storage/market
DIGITAL GOLD COIN LISTED ON UNISWAP
The digital gold coin is listed on Unisawp. This would allow Gold Token to be easily exchanged to Eth or other stable coins via the Unisawp platform
MARKET PLACE FOR DIGITAL GOLD COIN
The Digital Gold Platform creates this marketplace for an easy, effective and efficient purchase of Gold with the Digital Gold token
Here is the link to the Digital Gold marketplace: https://gold.storage/market
For more information, visit the below links
Exchange: https://cryptex.net/trade/GOLDUSD
Website: https://gold.storage/
Facebook: https://facebook.com/golderc20
Twitter: https://twitter.com/gold_erc20/
Telegram: https://t.me/digitalgoldcoin
Medium: https://medium.com/@digitalgoldcoin
Reddit: https://www.reddit.com/r/golderc20/
Whitepapper: https://gold.storage/wp.pdf
ANN: https://bitcointalk.org/index.php?topic=5161544.0
Bounty: https://bitcointalk.org/index.php?topic=5164058.0
MY PROFILE
BITCOINTALK UNSERNAME: LEON331300
BITCOINTALK URL: https://bitcointalk.org/index.php?action=profile;u=2215507;sa=summary
Eth Address:0x601D68c1800384C799E8Ac55f4F57Acf93C3fAAF
Telegram: @Leon3313000