Looks like it's all over for Cryptocurrencies, what to do now?
Looks like the governments and big news outlets were right. With this recent onslaught the cryptocurrency market is dead for good.
Look! Red as far as the eye can see...
I think it's time to dump all your crypto's before they hit the inevitable zero, that's what everyone's been calling for right?
In fact go ahead and just send them all right here!
The government is probably on to you already, and they'll be knocking on your door any minute now, may as well stay safe and get rid of it all. It's worthless now anyways right.
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But what? Traditional markets are down too?
![IMG_5856[1].PNG](https://steemitimages.com/640x0/https://steemitimages.com/DQmRipPNz8Jt8yqLe2wi3Zs5m159AtXy7BDUc2HQ7wbmxxk/IMG_5856%5B1%5D.PNG)
That's kind of alot? Right?
Where can I find any green?
![IMG_5855[1].PNG](https://steemitimages.com/DQmQ8mSxvEqXKAmysBLZ47qyoH6WCYfoWpSUtZVbEJ8tFXr/IMG_5855%5B1%5D.PNG)
Wait there's some!
Precious Metals? Like shiny rocks? People buy that stuff?
Sorry for being cheeky, I know it's likely a stressful time for some people that are heavily into these markets. I am also into them as well and will and could lose as well if this downturn continues, but I'm also into metals. It may be obvious but I kinda have some silver. It can be like a turtle in some of the market races, but it's something that's always going to have value. It's had value for however long you think the world and civilizations have been around. The governments and currencies and technologies have certainly changed and no one is actually getting paid in silver like the roman times. Yet it still has value. It still has a place as a store of wealth and can be used as a medium of exchange. Heck us stackers are still exchanging it all the time. It's always been a bit of a safe haven and sometimes all us crazies have it right.
If it's not something you've considered it may be a good time to have a bit of silver.
This isn't a sales pitch, I'm not talking fancy, limited edition silver round like we sell. Yeah it's beautiful and fun, but it's more for the serious collector and it has a premium, but it is still silver.
Just buy a few big silver bars and few a generic 1 oz rounds.
Go to Apmex, JMbullion or Silvergoldbull and buy whatever is cheapest. Heck all those place will even accept your crypto directly.
Hide it somewhere and don't tell anyone.
It will help you sleep better at night, knowing that your always going to have something that has some value and something you can potential trade for your next meal if you really need to.
Footer by @bearone
Great buying opportunity is here . One year from now this will be a small blip on the radar
I'm glad I'm not the only holding actual silver and gold ;). Btw owning a gold miner stock is not enough, you want the tangible asset. Cryptocurrencies are a much safer bet in the long term than piece of paper issued by a central bank. Upvoted!
Thanks man, there's a heck of alot of us, holding some real physical for sure! I think everyone should at least have a bit.
Good post. Good points about how PMs held relatively steady. Although now AG is taking a bit of a hit into low 16s.
A bit surprised to see it drop a bit with the uncertainly in the market, it's a strange beast, but always worth holding.
silver huh? well, i must say, i havent really ever thought in that direction before. cryptos are a bit more promising than these other guys....at least in my own opinion.
You gotta diversify man!
Yup dude, it's nice to have that safety net, sure silver and gold can lose and gain purchase power as well, but plotted over the long run, it still.pretty much takes the same amount of gold to buy a house as it did in the Roman Empire... (Except for Western Canada,lol... Stupid bubbles). Don't forget when it comes to markets, old or new, you buy when there's blood on the streets. There seems to be some crypto blood on the streets now!
Your right on all accounts man, thx for spreading the word!
Even the stock market is going down so I guess this is no surprise.
I like silver, I am selling monthly put options. When it goes up I put the premiums into bonds. I have been getting an increase in dividends every couple months.
Maybe it's time to invest in gold, silver and oil
If anyone doesnt want their cryptos or paper fiats they can send them to me, ill dipsose of them.
:D
I saw your secret link on one of your previous posts after I just powered up all my SBD and Steem today. Of course, shortly after the value of SBD would start to increase faster than Steem as well. O well I can't complain too much with the price of silver going up :D
Now it's time to invest