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4 years ago by practicalthought
161.85 BLURT
10 votes $0.23- Past Payouts 161.85 BLURT
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I am in the WSB Reddit Group and there were people pumping Silver last week. But it now says that it was a diversion tactic.... There was definitely a very brief run on Silver from $25 to $30 .... I just buy the dips .... never buy the pumps.
It sounds like you are pretty knowledgeable in trading. It is very similar to the crypto markets I noticed a couple years ago when I was watching a Youtuber who also has a Steem account.
I noticed last week that many regulars there were pointing out the bots and manipulation posts springing up, so imagine the silver ones were along those lines.
I read many compelling posts there detailing exactly why the silver push is being done, as I outlined here. While it sounds like you're a day trader and make money off market dips, that's completely different than what is going on with GameStop. The stand with GameStop is about more than making money for most of them, and more about teaching wall street a lesson about their greed. The silver push that the mainstream media is describing is a trick.
It's really easy for the powers that be to insert troublemakers into crowds (cointelpro is a good example), then they can paint the whole group with the illusions created by their fake plants.
Actually, I am not a Day trader .... I am more of a Collector.... I collect silver coins, crypto, stocks, when they are super duper cheap..... I look for value, buy the dips and Hodl forever. At least that is what I try to do. Day traders get rekt
You definitely have a comfortableness and knowledge to do so. I read your posts and you discuss a lot on price movements and layering your buys and such. Most of that stuff is out of my comfort level.
There was one guy I used to follow, Quickfingers Luc
https://www.youtube.com/channel/UCbcxHiowf0TSNKn3xVpGTiQ
I discovered him before I joined Steemit, and he is a day trader. Was doing it for years in penny stocks before moving into crypto. He devised an almost fool proof system he shared. He had an account on Steemit, but he stopped sharing publicly because he was only trying to help people and the drain on his time overwhelmed him.
He classified himself as a collector of coins too, although he did it by day trading, lol. I believe his system is almost perfect, enough so one could make a living and become wealthy as he is. I just had no time to try figuring out the mass headaches on taxes that such trading would require as far as records and such.
Anyway, when I said you seem like a day trader, I wanted to clarify that was a compliment. You do know your stuff.
The silver pimp at least got me out of the house and pounding the streets. lol.
Here the price spike happened last spring, as is really a currency hedge.
But is impossible to buy pure silver apart from a few dedicated areas of town.