To me it just looks like Silver big dip coming! I finally think crypto’s are going up again, however I don’t think this means squat for silver! Lol silver is in longest bear trend of all and I think it could continue all the way back down to $3! Ever since the bubble at 50 silver has been going down, and then bitcoin and crypto’s were invented and metals lost their luster! Ltc is silver to btc and is higher lol! 😂
Luckily I dumped my physical silver stacks and silver stocks in the 50-45 and then down as low as 22/ oz range, so not buying it back just yet! Wow, that reminds me I sold my physical gold and rhodium years ago for cheap bitcoin!
I bought my first BitCoin about 3 years ago. The transaction took forever. I bought some Silver bullion a couple of months ago, using BitCoin. And, STILL, the transaction took forever!!! I am not impressed with BTC any more. It does not have a very strong use case.
LiteCoin is much more interesting! I own some. I think it will be much more successful, in the future, than BitCoin will be - because it could actually be used for an instant payment system.
Did you see the news the other day? JP Morgan just issued their own crypto, called JPM Coin, and they will be using it for one of their payment systems, which deals with about $6 Trillion annually. You didn't think these big corporations were going to use somebody else's crypto network to run their payments on, did you? So, no BTC, ETH, LTC, XRP, etc. will benefit from this - or, not very much. All by themselves, JP Morgan just blew up the total market cap of all cryptos in existence by a factor of about 55 times.
As far as silver going to $3 goes... ? That's impossible. I won't explain why, but it is actually impossible - unless somebody finds the largest, most shallow, richest silver ore deposit in the history of... ever. I don't believe I will ever even see $10 silver again in my lifetime. But, I do know more about silver than I do about cryptos. And, I know that 7 years ago, silver was at $50 - so it can go back up to $50 (at the very least) again in the future. The U.S. Treasury Debt Clock says silver would be equal to over $600 per ounce, if the value of the dollar were not devalued by its' current 96% devaluation from 1913. So, I think silver actually has a ton of room to go up - especially when the Dollar loses its' status as the World Reserve Currency.
I wish you luck, and pray that your Trezor Nano never runs out of Internet, or electricity, or comes too close to a powerful magnet, or experiences the effects of an EMP, or gets wet, or gets too hot, or gets stolen or lost. Then, you'll probably be just fine!
Hua, i transact btc all the time and it is quick now? Quicker than silver in the mail that is all I know!
Oh silver can and will go to $3 because the paper markets the price is backed on has always been said to be a ponzy of unbanked comex derivatives! Meaning the price is based on fake silvers, too many fake silvers make the price go down! For sure when the paper silver market collapses, and the flash crashes hit there will be price reset happening! Silver has been manipulated and I’m just waiting for a big capitulation candle way under 10 for starters! The whole JPMorgan silver etf for starters, lol idk about JPM and their crypto! I’d rather have btc than anything remotely close to JPM! LOL as for emps I keep my keys on paper in physical silver bitcoins!Ironic hua Lol! When the internet goes down we’ll just go back to trading big stones, but backed by BTC this time around!
Well, Spot price may well crash, temporarily below $3 if, and, or, when the paper markets completely fail - but that would only reflect the fact that the entire Paper Silver B.S. manipulated market (not Physical Silver) had completely failed. And, I never have, nor will I ever own fake, manipulated paper silver - because it's just about as valuable as paper dollars are. They are both headed to ZERO, IMHO. At that time, NOBODY with physical metals will be selling the real deal for the fake, paper price - so, no way - real physical silver will never be the same value as toilet paper. We are actually talking about 2 separate things - you're talking about paper "SLV" notes and I'm talking about real ounces of physical silver. The price may temporarily be linked, but their real VALUES are very, very far apart.
My articles are only in regards to physical silver and gold stackers - people who hold the real thing in their own two hands. When the paper markets fail, the stackers holding the real thing will be enriched, overnight.
You’d be surprised how easily the sheeple can be manipulated, and do forget! It is more like they will remember how prices were always at 3 and how they totally missed it! If paper market says $3, there will always be somebody out there either willing or forced to sell an oz or silver on eBay because some other bubble finally popped up and this time it is going to be different! I’m just speculating worst case scenarios for you man!
I get you. I'm thinking I won't be parting with my real silver until it's way over $50. There is so much wild speculation out there that it's actually hard to make a plan on when to bail out of the physical. You said in an earlier post that the last $50 top was a "bubble," but I don't think it was - not really. I don't actually think real silver will be in a real bubble until it's well over price levels that we currently think are unimaginable. I will not be surprised to see it over $250 sometime during my life. I will be seriously considering when I should be taking profits once it's over $100. It will be a tricky thing to watch it go up and down on a whip-saw, which I believe it will start to do sometime soon.