- 8 June 2008
I hope so as i am a strong believer in PM.i hope crypto bull reading this will at least moved their coins onto their own wallets.it is one thing to see BTC fall, quite another to see the whole wallet diseappearIt's very easy to keep gold coins and bars. A 10oz gold bar the size of a car remote is easily 26kaud now. and a 1oz gold coin/Bar size of memory stick, worth 2.6k can easily be kept and hidden. That's what I do for insurance don't need electricity or internet either to use it.
I believe many folks have lost their trust in crypto exchanges and will likely move their assets to cold wallets. However this means the float available for crypto trading will nosedive and cause the market to become quite illiquid. This will exacerbate price falls. Especially if liquidators have large amounts of btc to liquidate. When the digital asset in the wallets go down in value, more and more folks will eventually turn to gold and other PMs.