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RE: Catching Knives

in #steemsilvergold6 years ago (edited)

True. The current price of both is undervalued, and you can't go wrong by diversifying if you're heavy metals (pun intended). It's probable that more people could look towards cryptos this next time around, when the stock market has troubles. Equities may have one last leg up in 2019, or this may be "IT" on the way down for a good bear market. Central banks are accumulating gold and CEO's dumping stocks - so it's not long now... I think banks will try to assume control of cryptos (if they haven't already) or they will start to issue their own - they will not give away control of money without a fight (hopefully not a WW3 scenario).

I made a call about 6 months ago that the BTC absolute low was in the $2,745 area, if you compare it to past retracements. In case you're interested

I just hate to see someone having to sell silver at this very low price - even if it's for another undervalued asset. Silver COULD go a bit lower ($12 - $13) but it's not likely - and BTC probably still has some more downside, so it's a good idea to buy-into BTC with a 1/2 position, in case the price keeps on dropping. It never hurts to have a bit of cash ready for unexpected events.