Crypto for the average: advice on crypto and silver

in silver •  6 years ago 

I'll be brief:

Concerning crypto: if you own cryptos such as BTC, EOS, LTC, OMG---- ones that you believe will succeed greatly, ...well....just hold onto your coins. Also, pay attention to how the market has been behaving so that next time you will have a better idea of when to make a buy/buy the dip. AS FOR ME--I'm not buying anymore right now, I'm going to buy some silver..... Why?.....

Concerning silver (or gold)--time to buy more: 1) it's been smashed down recently (concerning price in dollars, but this write-up is for anyone worldwide)--mostly because the US dollar has risen in value against many other currencies.; 2) I have no faith in US bonds or the stock market, especially since there is overwhelming evidence that the last couple rallies have been solely because of 'stock-buybacks' and the fact that many billionaires are selling off large portions of their shares. 3) ....lastly... (I'm keeping this post short) GO ON youtube and check out what's happening in Turkey regarding the value of the Turkish Lira, and why......and then GOOGLE "price of silver ounce in Lira" --you might have to click a few times to find a decent chart........ but you'll soon see that the price of silver went from 74 Lira to 105 Lira (today's spot price) in 2 weeks.

Lesson---- you are seeing exactly what happens to the price of precious metals in real time, concerning devaluation of fiat currency. Hell.....you can google Venezuela bolivar price of silver too, but the point of this post is not to cry that the sky is falling.

Take care. Be sensible with your money. Get out of debt.....and don't over-invest / invest all at once ... I'm guilty of doing the very same thing last month-- I bought a bit too much when I should be 'averaging in'/making smaller purchases distributed more evenly over time' I'm not perfect, hence my chosen name of 'averageguy'

Good luck.

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