Has your Silver stack taken a back sit to crypto the past few months?
How has stacking silver are any precious metals for that matter changed your spending habits? When i think back to pre stacking, i think i wasted alot of money. I have always saved but for some reason could never got over a certain number. I used to go on alot of nice holidays and sometimes i would change my return ticket to stay in these places for extra weeks and 2 times into months and that always took a big chunk out of the savings. I dont consider these extended holidays as a waste of money but i could have spent less while there. I would have always had the most up to date phone back then and as with most of us in our younger days, i liked to party.
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Since i began stacking 5 years ago, i have changed a few things with the why i look at money. I sorta see silver as money so the more silver i have the money i have. Every Friday morning i take out 10-20% of my take home pay depending on overtime worked and transfer it into an unused online ISA account. I let it build over 6-9 weeks until i can order enough oz's to justify the shipping cost and then place an order. I order from the same company every time and it is based in Belgium so it is VAT free :) This is how i have been doing it the past 4 years and they look to be my most productive stacking years also. My first 2 years were practice years. I tend to look at things before i buy them and think, do i need it? Could i save money if i bought it from somewhere else? It also got me back into matched betting and at the time, the picking's were easy which all translated into FREE silver. I has felt very easy and i have watched my stack grow slowly but steady, my end goal is my weight in silver, haha
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I have hit a bump in the road and over the past few months i have bought almost no silver at all. This crypto shit got me buying little bits of this and that and the silver fund is never growing. Right now with crypto getting smashed, i cant help but think how many oz's could that have been? instead of all these shit coins i own. We have all watched our portfolio's get destroyed but everything is on sale also. I buy stuff just to make my avg paid look better on a spread sheet and my blockfolio app. So, silver has taken a back seat and it has been making me feel bad, i have not even completed my 2018 date runs yet and it's September already, new coins soon. I feel like i a have cheating on silver, i always tell the wife that we need to save to buy silver every single week and it has to come out as soon as i get paid. I have been doing it for 3 years but not for the past 6 months were the routine has been broke. If crypto's were not down so much i could sell some and complete my date runs but they are fooked atm so i need to think of something else. Some of you will no about Steem monsters, i bought some packs and got a gold legend worth over a $1k, i planned to sell that and buy some silver but there are not many buyers for a virtual card for a game that has not started yet willing to hand over more than a grand and selling take take days are weeks. I sorta forced to hodl it for a while so whatever i guess. I have spend maybe $300 on booster packs so if it's ever worth less than $300, i'll be pissed. But still no silver money. I could save what i need in a month but i dont wonna wait a month. I need a few quid fast.
The Plan
- Rid the house for money
Give the house a good cleaning out, that would mean the change coin which is a half filled 1 gallon picking jar. Keep in mind in the UK we have upto £2 coins worth around $2.50 so our change collections can grow pretty quickly. Next up is the book of tenners, i have a book i keep ten pound notes in. I know why but the idea of filling a book with ten pound notes page for page sounds awesome to me, i rarely get past page 40 before i dip in and lastly would be the holiday fund, i could sneak a little bit out as we dont count it and the wife would not notice, haha.
- Clean out online stuff
This means withdrawing funds from cashback sites i use like topcashback, then paypal and skrill. I also have small amount in other accounts related to stocks, pre paid cards, poker sites and bookmakers. With an hour are so at the computer, i could have it out sorted.
- Place a silver order
After the funds have been gathered, i place my silver order.
Stack on ta fooook
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PROUD member of #Steemsilvergold
I'm still buying Silver. I buy mostly from my local coin shop. I get something every week. However, I have skipped some weeks in favor of cryptos. I find myself just alternating weeks between silver and cryptos.
Maybe you can just alternate between silver and cryptos too.
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I think several of us are in the same boat. I am sure when the market picks up, there will be a shortage of silver! Haha! :)
This is great advice! unfortunately, for me, this month all of my extrea $$$ has been taken by medical payments, and my stackin' (of any kind) is on hold... USA health insurance sucks!
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It’s been over s month now since I bought any silver. Had two of my main machines go down in the shop. It’s been a horrible year for me with money. I just can’t win this year....😪
I haven't bought any metals or cryptos for what seems an age now. It hurts having all these things on sale but at the same time needing to tighten the belt a bit and not having any sideline cash to take advantage!
I trimmed some of my betting accounts back to bare bones so that I had the cash flow for daily expenses but that just meant I didn't need to dip into the stack or the crypto wallet. I'm on the rebound now though. Good luck however you work it out.
I buy silver 2-3 times per month. I like flea markets and most of those guys are ready to deal on coins. Cryptos I buy as they go on sale....of course what I thought were sales 2-3 months ago, turned out to not be such good sales. The last 30 days I believe we've seen the best we're going to get and every time they hit those numbers I buy more. It's either going to turn out really well or I may regret not loading up on more silver.
I feel your pain buddy...