Millennial-Money-- Morning Report
Good Morning Steemit world!
CRYPTO
Some interesting things occurred overnight in the crypto space that I think all of you should keep an eye on. When I woke up this morning I checked my coinbase account (as I do every morning) to find that Both ETH and LTC had dropped significantly from the both of their respected daily highs from yesterday. Currently ETH sits at roughly 81 dollars and some change although at one point it had plummeted to a low around 76 Bucks! LTC has also dropped roughly 5 dollars from the high of 31 yesterday and at one point had dropped as low as 23 USD. Bitcoin on the other had looks to be STRIDING from the weekend currently sitting at 1750 USD, a pretty large climb considering the other alt-coins and their considerable losses.
With bitcoins surge towards 1800 USD and the other large crypto players struggling this morning, I think that this is a great buying opportunity for both ETH as well as LTC. Especially ETH while just last week the price sat around 100 USD. Personally I am expecting a STRONG pullback in the Bitcoin price when it reaches closer to the 1850-1900 dollar range. Now I could be completely wrong about this, However I think this might be a great time to sell a little bit of bitcoin and scoop up some ETH and LTC on the cheap. IF and When Bitcoin pulls back, the price wont stay down for long and will most likely bounce back rather quickly and surpass the previous top. This is a risky strategy however if you time the moves correctly there is a good chance that you could double or even triple your profits. IF timed correctly.
Metals
Gold and silver are getting whacked as usual this morning. This has become expected seeing as though the powers that be are in full control of price manipulation when it comes to both gold and especially silver! All I can say is that the lower the price goes, the more physical silver I will be buying. Once the manipulation ends and the prices of silver and gold are able to trade freely, people are going to be dumbfounded how high the new prices will go. With over 100 years of price suppression, the silver and gold markets are going to explode like an angry volcano on steroids when even the slightest suppression begins to slip from the evil banksters hands. I personally do not think that time is that far off, however I would not be surprised to see the price continue to drop even lower for the foreseeable future which will allow me to continually accumulate the shiny pet rocks until the day the suppression ends.
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Hope yall have a great morning and rest of the day and remember that this is NOT FINANCIAL ADVICE! Just a little insight into what Im thinking about this morning.
-MM