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RE: SILVER STACKERS: HOLD FAST!!!
Been thinking about selling mb 1000 in silver, and putting it in bitcoin, what do you think? about a 10th of my stack. Only been at this about a year and a half.
Been thinking about selling mb 1000 in silver, and putting it in bitcoin, what do you think? about a 10th of my stack. Only been at this about a year and a half.
First off, take a look at some other advice on investing in cryptos - I'm not an expert.
Personally, I've been taking a MUCH closer look at Ethereum. If that amount is 1/10th of your silver stack, you shouldn't worry too much about putting that amount into cryptos. My best advice, and I'm not a big crypto investor, would be to spread it out over a few different ones - Bitcoin, Ethereum, Steem, DodgeCoin, etc.
On the other hand, if you feel you are holding too much silver and just want to scale your stack down to size, wait for the Gold-to-Silver ratio to come down to closer to 40:1, or better, and trade some of it in for physical gold. That will greatly reduce your stack size.
Thanks friend