I don't really trade forex. Once you nail a 2-10x trade in crypto, it's pretty hard to go elsewhere. I have traded other commodities though like gold, silver etc.
But I keep hearing that the responsible thing to do would be to regularly take crypto profits and invest in gold and silver to diversify the portfolio. What do you think? - and will the gold/silver prices fall as pro investors move away from gold and into cryptos? A friend told me that this would happen...
Right, thanks :)
If anyone knows of a good place to find information about diversifying ones portfolio, specifically gold and silver, then I would really appreciate a link.
What do you think of diversifying into collateralized pegged assets on BitShares like bitGold instead of physical gold? You still have the systemic risk if the whole network suddenly dies, so it's not as fully diversified as holding physical gold, but it seems a lot more convenient than moving between crypto and physical.
It's a great idea. Gold and silver look to be hitting ATL's, so it might be a good time to get in soon. Also, property if you can afford it is always a good idea!
I don't really trade forex. Once you nail a 2-10x trade in crypto, it's pretty hard to go elsewhere. I have traded other commodities though like gold, silver etc.
I followed you on TV.
I agree I have traded it all but once you start getting 5x plus you kinda move away from traditional markets into crypto!!
But I keep hearing that the responsible thing to do would be to regularly take crypto profits and invest in gold and silver to diversify the portfolio. What do you think? - and will the gold/silver prices fall as pro investors move away from gold and into cryptos? A friend told me that this would happen...
Diversification is never a bad thing! And yes, always take profit. Don't be one of these people that holds till the end of the world.
Right, thanks :)
If anyone knows of a good place to find information about diversifying ones portfolio, specifically gold and silver, then I would really appreciate a link.
What do you think of diversifying into collateralized pegged assets on BitShares like bitGold instead of physical gold? You still have the systemic risk if the whole network suddenly dies, so it's not as fully diversified as holding physical gold, but it seems a lot more convenient than moving between crypto and physical.
Hmm, had not really considered that option to be honest, but I will look in to it asap. Thanks for the suggestion :)
It's a great idea. Gold and silver look to be hitting ATL's, so it might be a good time to get in soon. Also, property if you can afford it is always a good idea!