Its time to look at precious metals again!
This has been a great week for Hive, with lots of gains!
https://coincap.io/assets/hive-blockchain
Now the big question is do we hold on to it or take some off the table here? I know it's easy to get caught up in the hype and it feels good to finally be right about your choice to put so much time and effort into this place.
I just have been in this rodeo for a long time and I can tell you there were times I could have doubled or tripled my holdings easily if I would have taken a bit off the table when the price spikes for no valid reason other than, the Koreans are buying.
Please don't misunderstand what I'm saying, I think Hive should be 5 to 10 dollars a token considering we have an awesome community with many dedicated people working on things that other blockchains will never accomplish. (imho)
I'm just trying to spread the word about diversification, when one asset is fairly valued in your own eyes it's always a good idea to trade it for an asset that is very undervalued. Everything goes through cycles and has ups and downs, it almost always works this way. Take a look at Leo for instance, it was very undervalued for a long time. (it still is) When Leo was spiking I kept some liquid for any opportunity that might pop up.
Then came Cub out of nowhere!
Having taken some money off the table I was able to jump right into the farming and pooling, while staking all the cubs I got into the den, where they are the safest and multiplying nicely!
I now look at things a little differently and I learned to be patient when swapping assets, it compounds everything to think this way. Another opportunity always comes along and being ready to take advantage of it is the secret to good investing.
This whole story was leading up to the headline of the post. I really feel the precious metals are way undervalued here. The Fed is out of control with the amount of debt they are issuing and I feel the confidence in the dollar is eroding faster now than ever before.
I like to save in gold and silver so there isn't any counterparty risk, the banks are not a good place for the safety of your wealth anymore. That's probably what brings most people to crypto. I just think people should know how risky it all is and if it fails, to have Gold and silver as the core foundation of our wealth.
I hope Hive and LEO go to the moon so I can get some more precious metals!
Thank you for reading my blog and have a great day!
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DCA is the king.
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I guess I will google DCA. I had to google it, lol.
Dollar-Cost Averaging (DCA) Definition - Investopedia
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Sorry. I thought you know. I had to google it to when I first read of it.
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Buy high, sell drunk! 🤘🤪
As you mentioned, banks are not the best options in terms of saving gold and silver. I have mini silver stuff to save by myself 😌
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That's great, you cant go wrong with silver!
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I assume you are looking to increase the physical stack? If not are you looking at PSVL or the mining stocks for better exposure?
I am starting to feel like every dollar I have or earn in crypto should stay here. It may be harder and harder to move fiat into crypto down the road, and every time I sell it turns out I should have just HODL.
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That is a very good point to consider. And yes, I was talking about the physical. I have miners for my speculation but always move the returns into the Phys!
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I see hive can go more up, I move then some big hive if we get 1.60 or 2 $ 🤭😅😅😅👌👌👌👌
I think you are right, it's looking very strong right now!
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😋😋😋😋💪💪💪👌👌👌
I am personally waiting for silver to drop even more so I can finally get my hands on physical silver (I keep hesitating from pulling the trigger). The silver prices on the stock market seem to be a little dangerous right now so my closest plan is to add to my mining stock position.
Although I think gold/silver seems promising long-term since the Russians decided to go that route.
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I have some cash put aside in case silver or gold drops from here, I don't think it will go too low unless there is a market crash, then I will buy the heck out of it!
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I like to save in gold and silver so there isn't any counterparty risk.....
Your heart is in the right place, @tbnfl4sun!
I wish more people would see the reason to have precious metals, it could be the only thing left standing some day.
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Me too why not hodling some?
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Hive is building stable and higher support prices and we may see more bullish jumps in the coming weeks
I too joined CUB with conviction, waiting for the development of the team to bring ever greater value to the project, which in the long term remains very ambitious :)
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Cub could be the one to push us over the top, glad you got some too!
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patience is what crypto taught me the most. Due to me not having patience when i was a crypto newbie i've lost a couple of bucks or more :P
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We all have to go through the school of hard knocks to learn our lessons.
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