Mike Maloney is the reason I got into Silver about years ago for a short while. And Silver lead me to Bitcoin about 2 years thereafter.
Mike has always said gold and silver will soar as the Dollar importance wains. I have been hearing this for 4 years now and the Silver price just kept on dropping. I still have silver coins, but they are worth less than 4 years ago. Lol
Yesterday Mike Maloney made new video about silver. He has found new evidence why Silver will soar soon. He has a chart that dates to 1993 that shows how short silver speculators are. They have never been this short, but what normally happens just after shorting the market if does the opposite and goes up.
Watch the video below for more details:
Do you think of Mike Maloney and the silver price?
Bitcoin is at $7835 and is looking weak. The down trend continues. Will it go down to $7393 support?
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Colin Brazendale
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I am a successful bitcoin cloud miner and affiliate of Genesis Mining and USI Tech. I have been mining for the last 19 months. I highly recommend Genesis Mining and USI Tech to earn bitcoin and make money online. I believe it is more important to earn income than hold assets. That is why I recommend mining crypto and blogging on Steemit.
Great post ..
Hegemony has negative consequences .. We encourage competition
Thanks for sharing
Competition is always good for business
Yes it keeps prices down for consumers
As Mike Maloney suggests in the video, whenever there are more bets on the price, it falls. The global dollar standard will lose very soon. With that, BTC price will definitely blow up but worth of 1 BTC will still be pretty much the same. I think right now we should invest our money in Oxygen Tanks and Oil Canisters because these look like great investments. :-D
Thanks @colinbrazendale for sharing this valuable piece of information. Hope to see Silver Prices soar. I have a lot of sliver coins I collected every year on various festivals. :-)
Mike Maloney is bias because he wants gold and silver to go up and his predictions to come true.
Jip, he has a business to run to make profit not losses
Thank you for your comments @hungryhustle. I trust you will see great returns on your silver one day.
I believe silver will soar soon too! Guess we’ll see what the future holds🤷🏻♀️
Let see what happens. Mike makes good arguments for gold and silver, but he is also a trader pushing it.
There are arguments that there is no crypto without silver. All the components of our electronics, the mining rigs, the computing hardware that's powering those transactions... They're all dependent on silver, as without silver components, we cannot manufacture these devices. If you believe in bitcoin in the long term, by default you also believe in silver, and its intrinsic value that is as a result of its physical and chemical properties.
Cheers Colin!
Good argument you have there @chunger
Wow, that is very interesting fact. Never thought of it that way. Thank you for sharing @chunger
The Devils Metal..
LOL, never heard that one before
It is called the devils metal because of the wild swings it does..
LOL!
Silvers gonna moon hard , just ask Clif High
I did not know Cliff give predictions on Silver too? Interesting.
Really? Why? Btw i have invested in silver too
Is there a YT video where he talks about silver prices @crypt0bear?
there is ill find it for you :)
Yes please post it here when you find it please.
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Great keep more you are best
Thank you @tooba
You bet Colin....I'lll post later on the topic as well..some of the most bullish indicators in many years..soon the "seasonal" will kick in" ......I'm upvoting and following your work.
I wonder how long it will take before we see the Silver prices go bullish?
Hopefully soon. I have been waiting 4 years.