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RE: Steemit now trading on Huobi one of China's largest crypto exchanges
Just read All cryptos are the same and you need to get in now because they are extremely low priced for the invention of Computational Trust!...great article and I agree, I think there is a lot of waste / inefficiencies in the banking system, which is why Cryptos won't go away...it's like the Internet circa 1999 again...meaning early innings...
Do you think when the Markets crash within the next 12-18 months, the Crypto space will crash as well because right now the Markets and Crypto have been correlating over the last 12 months?
NOTE: Bitcoin represents the candles and the DOW represents the blue area.
I anticipate the SPY will crash by more than 40%.
I agree with holding Gold...I see gold continuing to move up, although Silver would be a better play based on the Gold/Silver ratio currently vs. historically. And really the only thing that counts is holding physical Gold or Silver.
I'm confident Gold and Silver will move up, but do you think the people will buy into Crypto when the Markets crashes.
Bitcoin was created due to the mistrust on Wall Street in 2009, so do you see the Crypto space going up or not going down as much as the Markets when it crashes? I know Bitcoin will do well long term, just not sure what happens in the next 12-24 months.
At least I will be able to buy Put Leap Options on the S&P 500 when I get my sell signal with comfort.
I love silver too. I have gold but don't see huge moves until big crash as pension plans are not allowed to hold physical gold. So the institutional investors are not looking at gold much. Silver is running short of supply for industry that is different deal.
Funny how we were just talking about this, I just came across this article on Bitcoin.com and it states:
Fundstrat’s co-founder, Thomas Lee, tweeted how his company “hosted a small group of institutional investors” recently. It was a “mix of crypto and traditional macro [hedge funds] long-only.” It was a chance to informally survey basic sentiment about the market shortly after the end of tax season for the United States.
Of the nine questions, they included: if cryptos will rise during a recession (65% Yes)
https://news.bitcoin.com/cryptos-near-term-fortunes-inflows-of-big-money-new-indices-emerge/?utm_source=OneSignal%20Push&utm_medium=notification&utm_campaign=Push%20Notifications
We shall see in due time.
I love silver because,
Many organizations are using more silveres. Because there is usually the power of the silver bearer.
So gold is being used instead of gold.
Appreciate all your comments, feel we can vibe all day long over a cup a tea...until next time.
Yes. During the crash I would rather hold cryptos, gold, land and silver though than most other asset classes. After the crash moving back into the DOW quickly would be wise especially if the crash is in the range of 40-90%.
nice post sir
sir,your comment is very great.thanks share.
That's the best best way to about it; spread the risks. I joined a bit late recent. I hope to diversify with time