Mike Maloney is saying more people are buying Gold and Silver with Bitcoin. Is good or bad? Is it true?
What do you think?
I think we are seeing more people buying Gold and Silver with Bitcoin because of the price down turn of the last month.
I am glad he is saying people will buy gold. Silver and bitcoin in a global financial crisis. Before Bitcoin I loved gold and silver, but I think Mike is worried about Bitcoin as competition to his Gold and Silver sales.
I like Mike Maloney's video's because of his message that the current financial system is broken. But I cannot figure out if he truly supports bitcoin or not.
Here is Mike Maloney’s video:
Please comment below with your thoughts on this new Bitcoin chart from Mike Maloney?
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Of course. Those that understand gold & silver also do crypto
Yes, we all want to get some of our money out of fiat @decentralization does not matter if it is bitcoin or gold
Indeed, Well Said!
I like it, BTC price will go up if it is used like a currency as originally intended. It has no inherent value.
I think it will become a currency for the future, but very unstable now.
Sure why not?
what do you think about steam decline, and what are your predictions for the future?
Hi @zuljalalil I don't know why, but look! It is up again. :)
Awesome!
Mike Maloney is an investor and I think he will see a good investment when there is one. With bitcoin he might be worried that it will gain more popularity over the years than hard assets like gold or silver.
I appreciate his view but I will still get my digital assets online. Gold is a rare item just like bitcoin and its storage takes a lot of physical space. Maintenance requires money and effort. In case of digital assets these things are a lot cheaper and easier. Plus you can have thousands of assets.
Good point!
Thanks @pjcswart. Cheers!
You're Welcome! STEEM ON!
Thanks for sharing, do not lay all eggs in junst one basket.
That is true @bitinvdig0
Great post @colinbrazendale. Thanks for sharing.
Thank you for your comment @war-tp
From what I gather he doesn't seem like anti Bitcoin. He might just want people to diversify but who knows what he's really thinking. Also buying gold and silver with Bitcoin seems like a good investment to me. Just my two cents. Have a nice day.
Yes, it is a good idea to buy with bitcoin. More difficult for gov to pick up for taxing us @riovanes
Diversifying is good. Gold and silver offers a level of protection from the volatility of the crypto market. It makes sense to take some profit from your crypto gains, and put it somewhere else.
Yeah makes sense. I Agree...thanks for your nice comment! :-) Maybe gold will get more volatile if it is bought with a volatile currency, I wonder.
Yes it does make sense @bmj