Silver is useless, buy Bitcoin. We are not going to have a collapse to the point where silver becomes a medium of exchange, that is pure sci-fi fantasy. Bitcoin is going to be at $135,000 by Jan 1.
Even if you think you'll need silver, imagine how much more silver you can buy if you double your money with Bitcoin this year.
Best for starting out would likely be coinbase. Be careful though, I'm not buying now myself.
The best way is to create an account with a reputable spot exchange, e.g. Gemini or Coinbase Pro. This involves going through KYC/AML (submitting your ID, SSN, mugshots, etc) and the more diligently you supply these documents the better chance you have of getting approved without an extended wait. I would start immediately, then once the ball is rolling you can decide if you want to accept the invasion of privacy/make an investment.
The biggest risk is being left out.
The fastest way is probably to use PayPal, they let you buy Bitcoin from them and sell it back later or spend it. This is a great way to get instant exposure with not much effort.
There are also physical Bitcoin ATMs with high (like 11%) fees, which are a last resort but better than not owning Bitcoin.
I should mention there is a fund called Grayscale Bitcoin Trust (Btc) OTCMKTS: GBTC that is a reliable proxy for Bitcoin. You can buy it through more traditional brokerages and it is eligible to go in an IRA/retirement account.
What makes you think Bitcoin will hit such a number by January first?
Stock-to-flow model.
My worst case scenario for 2021 (price/on-chain based): Aug>47K, Sep>43K, Oct>63K, Nov>98K, Dec>135K
BTC was ~42,000 heading into the end of Sep. and is ~63,000 now. Multiple targets hit.
https://100trillionusd.github.io/
FWIW I started with a mid 5-figure investment nearly 3 years ago, and now I have mid 6 figures.
Bitcoin has to go up in value because the whole world needs it, and doesn't have it yet. It has to go up in value until it's ubiquitous.
What real estate was to the boomers, BTC is to the millennials. It's a once in a generation opportunity to amass great wealth.
Please keep in mind there is no such thing as "a Bitcoin" there is only "Bitcoin". It's a decimal, which is a fractional amount of the total BTC in circulation. People think "a Bitcoin" couldn't reach some high amount because they are comparing it to an object like a gold coin or stock certificate. You never own a number of "Bitcoins" you only ever own an amount of Bitcoin.
I bought Bitcoin back in 2017 best $500 investment I’ve ever made.
actually "a" single bitcoin is a thing- it refers to the discovery of a hash starting with a string of zeros (length relating to the mining difficulty)
but that's pretty inconsequential for people who are just buying it. you can buy whatever fraction you want
Buy Bitcoin.
You guys crack me up. Why in the hell are you wasting your time? Stack sats like a savings account, sure, but you don't buy in to cycles with Bitcoin like a boomer or a tradfi normie.
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