You are viewing a single comment's thread from:
RE: A 14 Year Old's Views on Steemit, Silver, Highschool, Cryptos, and Life in General.
Cryptocurrencies make me nervous because they are not physical property. Silver is great because the value never goes away. Since you're interested in them both like I am check out cryptocurrency backed by precious metals. I think they are the way to go!
It is always good to invest in multiple things, silver and gold being one of them, but you have to be adventurous as well. Cryptos are good because you can easily become an overnight millionaire if you know what you are doing, it is a mind and prediction game. It is more like an instant profit, and silver is something I hold onto for now.
How does the value of silver not go away? That would imply traders trade silver for the same price and never make a gain or a loss...
Cryptocurrency could make you a millionaire, as long as someone else buys it before it loses the lure and another one doesn't take its place. It's a gamble, like penny stocks. :)
Sure, silver moves up and down in the short time but in the long run it's value stays about the same. Perfect example I've heard about precious metals, "an ounce of gold 100 years ago could buy a vey nice suite... an once of gold today will buy you a very nice suite. "