Did you think it would last?
Well we are 30 mins away from the stock market opening. Things are not looking good again. Reports say that China has missed its November numbers and it has frightened the market, the precious metals and the crypto market.
Here are your futures for this morning
Precious metals saw a immediate smack down and we could possibly see further declines as the day continues.
I do not even know where to start on crypto's. Just when you say " this is the bottom" you see a new bottom. Bitcoin has fallen below $3,300.
Steem has been bounching around the penny up and penny down for about a week now. But 23 cents, come on we all know its worth more than that.
No advice today, well except, BECAREFUL and do not panic sale.
I am not a financial advisor, please do your own research before investing
Thanks for stopping by
I used to be when the markets were fearful and dropping money would run to the safety of Silver and Gold. Now they just hammer them down, I may be nuts but I won’t sell anything at the moment. There really isn’t anything to invest in 🙃
Resteemed
The only "green" commodity at the moment is the dollar. Gold, silver, stock indexes, cryptos, all are in the red zone...
Oww.
My.
Ballz.
There gone!!!!! Nothing left 😂😂😂🤣🤣🤣
Like a spent tea-bag! Lofl!!!
😳🤣😂
It’s jot looking very good Ray. Good thing I don’t need to sell.
People seem to think that the GLD and SLV ETFs are some kind of a price indicator for the real price of the REAL SHINY. They are not.
To end the GLD and SLV hold over the price-action, the best thing we can all do is continue to buy and stack physical precious metals.
When things get dicey, people will start to demand delivery of their gold and silver. Of course, we know that there is nowhere near the real amounts of gold and silver in existence as they trade every day, month, and year on the exchanges. If one large investor in long positions makes a margin call, the entire game of rigging the silver and gold prices will come tumbling down.
At that point, REAL, FREE GOLD and FREE SILVER (that held physically by stackers like you and me) will get a massive gap up in price. It is not long now.
A side-note on cryptos: we all bought-into cryptos at higher levels than they are at right now. Don't be a bonehead and sell at a loss. The prices will come back, but it might be a year or two before they do. Don't just HODL your current levels of cryptos - BUY INTO THE DOWNTREND to acquire a larger position in UNDERVALUED ASSET CLASSES. People are running away from cryptos. "Blood is on the streets." This is when the smart money starts accumulating for big returns in the future.
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It's important not to get in a place where you have to sell at low prices. It seems every time I'm in the coin store, someone is selling at a low. Stay safe out there!
Very good advice, I try to always invest what I can lose...
how suspenseful. will this ever make a comeback?
I wonder if STEEM will drop back to late 16 early 17 levels aound $0.17.... if it does, I will just keep working towards being a whale..... why not.
I've been steadily buying as steem has been declining. I started at around 40 cents. I figure my only opportunity to eventually reach whale status is to do it this way. $0.17 or even $0.07 prices won't scare me away. Makes a hell of a lot more sense then buying when the price is $6 or $7. If it doesn't work out, well I'm not investing more than I can afford to lose...
Agree completely - I started buying when i started being on STEEM - that was around $4, but I am really ramping up now - and OK if it turns out to be a bad bet. Although I seem to buy at the same rate of price decline, I can't seem to get that vote up above .03!
Just Hold that cryptos as markets are manipulated and being shaken with utmost teeth-shattering drop in prices.