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RE: Yet another mysterious flash crash. Silver should be worth $800 troy ounce
I didn't wait, I just ordered three 1oz silver rounds from silver.com
For those of you who are going to benefit from the fact that silver prices will now tank, you're welcome.
Oh man..Now the whole market's gonna go insane. :)
It never fails, I buy silver, it tanks, I buy Ethereum it tanks, I should do everyone a favor and load up on Defense Industry stocks, peace would break out all over the world.
Haha..that made me lol. Well..how many times have you bought a stock, gold/silver or cryptos? I have bought thousands of times, and yes, it feels like that. You buy something, and sure enough it goes down. But sometimes the opposite happen too :) Like for me recently..I made a lot on bitcoin, ethereum and litecoin. I'm up over 100% on all of them. But then I bought altcoins, and I'm down on all of them. I started buying silver at 30$ in 2011 or 12. But I defined the reasons why I was buying, so it was easy to back up the truck when prices fell. I eventually managed to end up with an average of $17 on silver. Still down, but not so much. I'm ready to pull the trigger on altcoins too..So you either need a strategy or you just hold. I would keep an eye on all coins this weekend and perhaps buy some more if it looks green on monday. We'll see. The most important thing though..if you believe in cryptos and silver, just try to time it. Rationally all these prices were seeing now are good prices..only a question of HOW good. :)
Yup to every point you make.
I buy the little I can afford to spend, with the viewpoint that it's an investment, not gambling.
Any time I've tried to predict price swings I lose more in the transaction fees than I make on price swings so I buy and HODL.
I have some silver that I paid in the upper $20s for but I balanced it out with free silver I got hunting US 50 cent rolls.