If You Listen to Youtube Commenters Gold Is Dead And Crypto Will Never, Ever Go Down In Price

in #bitcoin7 years ago

If you read the Youtube comments, many people think I am crazy for suggesting that those who have held crypto for the last year, or longer, and who have gains of 2,000-600,000% might want to take some profits and invest in an unloved sector like precious metals and gold stocks.

This is very interesting, because for the last six years, whenever I would mention that people should invest in cryptocurrencies as well as precious metals, many Youtube commenters would jeer me as being crazy for investing in a Ponzi scheme or scam such as bitcoin.

In other words, we’ve seen a complete 180-degree turn in public sentiment.

Cryptocurrencies were hated until this year… and now they are deemed to be impervious to any sort of correction or crash.

And precious metals were loved until this year… and now are deemed to be dead assets that will never rise again.

You can understand how crazy group psychology is by reading the Youtube comments!

Just read the comments in my recent video with Collin Kettell of Palisade Global where I suggested taking a small amount of crypto profits and putting them into precious metals.

In our talk, Collin mentioned there was an initial air of bitterness that existed between commodity and crypto investors early on, especially because many hard asset investors missed out on some of the early gains in the cryptocurrency space.

And we touched upon the fact that because mining stocks and hard assets have been relatively flat or languishing to some degree since crypto has risen in popularity over the last year or so meaning that this could be a great buying opportunity to add to your positions or establish new ones.

Collin believes that for the next year or so it’s likely that cryptocurrencies will continue to take the limelight, but as the hype subsides, it’s quite likely that people will begin moving a lot of their earnings back into the most well-known safe havens; gold.

We also had a chance to cover Mexican Gold Corp's new gold strike and the big gains that are possible, the uranium sector, as well as how the world's biggest producers including Cameco are doing after Kazakhstan cut uranium production. And stocks which are likely to rise.

Yes, there are other things going on in the world besides cryptocurrencies! And you can hear about it all in our interview:

Or, just go and read the Youtube comments on the video to see how dramatically public perception of cryptos and precious metals have changed in the last year.

Collin Kettell will be a returning speaker to the TDV Internationalization & Investment Summit, held on February 19th in Acapulco, Mexico along with Ed Bugos, G. Edward Griffin, Roger Ver, Trace Mayer, David Morgan, Bix Weir and many more. For more on that, and to register before it is sold out, click here.

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It's scary seeing the amount of people saying it's inevitable that Bitcoin will rise. Whatever happened to "this is experimental, don't put in more than you can afford to lose". I suppose us advocates got what we wished for, but not the way we wanted it.

Maybe people should rather demand from their shops, governments to implement bitcoin payments?

They have been, but many vendors drop support because people just don't spend bitcoin there. Partly because people hodl, partly because it's not user friendly to spend.

I see, they must have thought: I'll sell it and spend dollars, fees would cost more.

Yes, brother, your answer is in its place, we are tired of waiting

Yes this is a good solution

Satoshi is God. You must have faith, then you will be saved.

Haha, yes that's how some people see it. It's interesting how bitcoin earns a kind of religious devotion among advocates. I'll discuss that in an article I'm writing. It should be up next week.

greetings friends steemit

Diversification is key.
BTC is at 51% the 49 are all altcoins.
Just stay busy and HODL

Well in a nutshell people buying bitcoin are financial terrorists because it's gonna terrorize the financial system .

I think a virtual crypto currency is a great idea. In the future, we will wear virtual reality goggles, watch VR porn, work in a virtual office and essentially live a virtual life from our cage-like windowless boxes. Freedom and privacy will be virtual. Any action we take will be virtual. Like "protesting" with a strongly worked status update on Faceberg or Twatting out a 140 character screed on why the NFL was better when someone didn't kneel during our national anathema.

Any day now GOLD will rocket up in price.........any second now.... so close..... I can feel it... 50+ years later getting closer... ever so close.....

According to me gold still have value specially as jewelry.

Jeff, thanks for your efforts as always. I am for a longer time in the crypto scene now and I hear your advice - and have actually taken action because of it again - and going with some of my crypto into metals.
I am not blindly following but I can see a lot of thoughts in your argumentation. I act on the advice where I can really understand your ways of thought. Now I am reading the creature from jekyll island, a book you recommended in one of your earlier videos and I am very much enjoying this one aswell!
Keep it on!

greetings friends steemit

Gold and other PM's are more like insurance. You have it for when TSHTF whether it is just financial or more then that. 5-10% of your portfolio should be in PM's. Even if there is a giant CME you can give it to your grand kids. Not so much for crypto.

Yes cryptos have done great. Please take some $$ off the table if you have seen 1000%+ returns. I have no doubt that it will go much higher, but it never is a new paradigm, history does repeat itself. I have followed DollarVililante for 5 + years, my son even tried to get me into bitcoin in 2011 for what, $10 each? I instead bought physical, how I wished I had diversified!. You whom are believers, sell a little bit, 5%, 10%, 20% keep the rest, but put that 5% in physical. You will thank me in a few days months, or years! Good Luck!

greetings friends steemit

mooonnn

AmaZing!! Just started steeming and its very addicting!

greetings friends steemit

greetings friends steemit