Topic: Dump tactics - where to protect your crypot's when during dump? (Read 623 times)

1. Convert to stable coins USDT, USDC, TUSD there are various numbers of stable coins in the market which you can make use off in the times where the market tends to dump to
protect your profit then this step is quite common.


2. Do you mean that actual gold or silver? When it comes to value then hands down to gold but if I were you then better stick with
those funds you do had in stable coin and finding the best opportunity to buy on when the market price is low.

Stable coin is simply the way to prevent the dump of any coin you are holding to  affect you. Simply swap it for Gold stable coin on their platform or you can convert to USDT on any reputable exchange.

First of all it is not stupidity and there is no need for that kind of talk about such a simple topic. Secondly decentralized is blockchain, not where your money is, people are mistaking decentralized in many ways, they think every single thing needs to be decentralized but that is not what it is all about, decentralized is the blockchain system, everything else can be centralized, you are also trading and billions of dollars worth of crypto is traded on centralized exchanges, where is decentralization there?

I just wanted to say that unless you have huge sums of crypto, there is no need to be afraid of where to keep your money, if you want to hold it on binance you can do that because there is a huuuuge chance that they will protect your money better than you can.

You have a point, however since we are talking about dumps specifically and not about coins like bitcoin and etheruem that could go down in price but over the long term they will recover but about coins that are bad and have a low volume to begin with, as such anyone that is willing to gamble in those coins should be aware from the very beginning that holding those coins is not an option, at some point you will want to get rid of them since becoming a bag holder is by far the worst possible option for an investor since even recovering a small portion of your investment is better than that fate.

1. Off course converting your cryptos into a stable coin is more cost effective than converting it into fiat then converting back the fiat into cryptos but its not recommended for long term hold.

2. There gold pegged stable coins which are actually legit but most of them are scam projects, so you have choice to invest on them and again which is less expensive than buying actual gold or silver.

Volatility is what we want to avoid when bitcoin start dumping, if you aren't ready to hold your bitcoin for another green season it's better to swap or switch your bitcoin to USDT or DAI, one is centralized stable coin and the other is decentralized stable coin, this will pegged your asset to USD @ a fixed price.

You cant really blame out people on not to release off those bags yet they do have that kind of believe that the price will eventually recover later on.This is the hardest part on making a decision
on where you do see that the market is gradually crashing or dumping and your coins are heavily affected with it and you did just mind off on making a decision neither you would
sell on loss or would just simply hold and trying to break even or make profits in the future.Well, these things wont always turn out to be on your side and it all varies
or depends on which coin you are holding and if it does have that potential.When it comes on protecting your capital on a dump or simply do mind off even on the slightest movement
then stablecoins will be a common option.

When you know that the coin in which you have invested is going to be dumped it doesn't matter if you sell for a loss or for a profit you sell because you're protecting your capital, if you do not want to be the person that ends up holding the bag and have a bunch of useless coins that you can never sell, that kind of attitude is what gets people in trouble, once you recognize that a dump is about to happen or is happening already you get out of the market regardless of anything that had happened before.

Yeah, I think converting your Bitcoins into a stable coin could save its value when the bear comes and that is only the way I think about how I can protect my assets. I usually liquidate my Bitcoin on USDT when this time comes.
I think most of the traders like to convert their BTC on stable coins but others put it into some altcoins that could bring more profit to them. Once it plunges you could use it to procure more Bitcoin, it's just a cycle you buy at low and sell at high.

I keep my funds in stablecoins, because stablecoins like USDT have proven to be effective in protecting my funds from volatile markets.
When the price crypto dump instantly converts the coins we have into stablecoins, that's the best dump tactic I know of. After that,
if the coin price has reached a low enough price, we can start buying back the coins.

If you understand the concept of decentralized then you'll know chosing centralized platform over dex is just stupidity. The idea behind crypto was to put you the user in charge of your finance. Exchange like binance contract that thought. Exchange are weak when security are concerned, irrespective of how well secure they claim their platforms are surfer they're hosted on a centralized server, it becomes useless.

Just looking at the reputation of the exchange you might think they have everything covered until they get exploited and millions get stolen from the exchange, then you'll begin seeing how valuable they were considering the unreasonable excuse they will begin givjnyti deny users from accessing their funds.

Never use an exchange as a place to store or hide your coins, you can safely store them on hardware devices and when the need to sell comes, moved them back on exchange and sell. The disadvantages could be some time lost and small extra charges to cover transaction fees but it'll be better you loss that then all your funds due to hack.

Best place to hide it is at binance if you ask me. There is nothing wrong with binance and I understand that people want to share super safe and secure places, hell I have seen people go as far as downloading everything to your computer and putting it on 5 different USB sticks just in case, why would you do that? I think putting them all on binance or if it is simple known coins just blockchain.com is good enough.

As long as you have ways to connect to them like phrases and so forth all saved in a secure place, they are good enough. Do not take security of your coins THAT seriously, when you have binance account with a good password that you do not use anywhere and 2FA there and bookmark the website instead of googling (for phishing reasons) you are fine and nothing will happen.

I think there are easy ways to avoid dump while trading or hodlng your bitcoin or altcoins; As a trader; once you have bought low; you can place your sell order (prospective amount you believe the token can reach), then you set your stop loss too; to act as a guide, a protector for you and your investment.

Another quick solution is to sell to usdt immediately; but will it be at loss or a profit? these are factors you need to consider.

Converting your Bitcoin when it starts to go down to gold and silver could be a very bad idea, looking at Bitcoin and Gold/Silver chart along side of each other you can clearly see they have almost the same pattern and they usually pump and dump at the same time(maybe just with a few days/weeks delay), so the only good option would be exchanging your Bitcoin to one of the stable coins(USDT, PAX, TrueUSD and such).

But it's important to remember that exchanges should not be used like banks and after converting to stable coins if you don't want to trade for a good while it's better to withdraw from whatever exchange you're using and send your stable coins to your personal wallet which you have the private key to, so that way your funds will be safe from whatever that could happen to that exchange during that time.

A trader that always research or putting focus on spread before trading is likely going to work themselves out on that. I think the main point should be how much profit that your strategy can grab for you. This is because some trade trade can work better with your strategy and you are sure to grab profit, so would you change your mind to trade on it if the spread is higher than those pairs that you are not sure to have profit?.

1) Inexpensive put options, you can search various crypto option exchanges and find some price mismatches to give you great value for some put spreads,

2) Shorting with leverage to earn interest, or shorting futures when you suspect a reversal, eg: ETH quanto short pays a far greater interest premium than shorting BTC, you might prefer a correlation play like that if you believe the top is near...

We are not in dump times yet. Those are all correction of market and it's good for BTC. It all indicates this is going to be start of BTC push over 20k soon.

Yup stablecoins is a good way to go, but how sure are you that the market is getting dumped? That’s another question you have to consider, there are times that the market will move back for a short time. When the price of Bitcoin or all these volatile cryptocurrencies is going up, it doesn’t just be going up straight and getting you profit straight up.

Today it can be up to $10,000 and you can wake up tomorrow to see that the price has dropped to $9,500, and wake up the next and see it up at $12,000. So, sometimes it might just be a slight drop and in a situation like this it’s best to just leave it there and it will continue going up, if you convert to another currency you will lose.

Well the issue here isn't that they didn't research properly but in some instances every coin get dumped at some point even bitcoin experience this talk less of altcoins with less importance to the market. You can't be too careful when selecting a coin to invest in to avoid dump as that's a part of the market and even though you invested with just funds you'll be ok losing, it still doesn't mean any harm if you want to minimize the lost that'll happen in case there's a dump.

Remembering if you successfully avoid the dump by trading your coins to stablecoin you'll most likely get more coins when you buy back with the exact previous capital you held in stablecoin prior to the dump. It doesn't harm if you get the predictions correctly but in a scenario when it was a false one then you lose a huge portion of your investment which will reduced the profits you were to gain due to price increase of your investment.

First of all, you have to choose the strategy period of time so as you will know the decision that suitable for your strategy. There are two strategies namely long term and short term investment. You don't have to sell your bitcoin although its price being dumped by some investor if you choose long term investment because you already predicted and have a target price to sell your bitcoin and it is otherwise when you choose short term investment. Usually, the trend transition period will not change in one day, There must be a confirmation beforehand to ensure that the trend will change, so selling your assets in panic selling is not a good thing.


There many people who consider (especially crypto investors) that bitcoin is like gold or we can say it is a safe haven place to store our money especially when the crisis economic in some countries comes. And if you compare the price movement of gold and bitcoin will have similarities, I mean when bitcoin price up then it can happen as well in gold price movement, so to move your money when bitcoin price fall to gold is not a good solution to me, you may good to move the money into your money fiat directly.

But the question is, do we really know when would actually the market starts dumping? It would be nice if we could just traded to the stable coins if we are on the top but we don't know it yet and the price in the market keeps fluctuating. We can't tell yet if the market is going to go down or going to go up but the charts suggest that it's slowly going down. So, what do you think about this? Is it trying to bounce back for a new ATH or is it just going to go down until correction hits?

Only I can say is that you have to prepare for a long-term holding. Converting to a stable coin could be an option but can't be sure if you were able to hold it coz it is still the same if you are holding Bitcoin. For me, I'd rather have to convert it for Bitcoin or any potential coins ruler in the market and hold until the price goes back high again.

Holding could only save you, otherwise, you will be one of those panic sellers. So if you are going to invest crypto, make it happen when the market is in bearish season, not this bullish time.

Nothing beats out gold when it comes to value and we know on how precious it is compared to others.So it would be worth on taking up Gold instead rather than making confusions between Silver.

Speaking of safety or securing out yourself in talks of dumps then this do most likely talks about in shorter time frame because if you do intend on holding up for too long then
you wont really be having these kind of words..Accumulation neither is on fiat value or in satoshi value which would really be the main factors  you do consider
before making some decision.

Switching to stablecoin is a good option though but im not really that confident on making my money to be stagnant on a stable coin.I would rather accumulate or
convert it to fiat itself but if you do actively trading then this would be an ideal option.

Well, when there is any price correction or downtrend in the crypto currency market; i suggest the best thing to do is to sell your token to a stable coin; could be tusd, could be usdt; it will help you to protect your assets better. When it involves converting to gold or silver im not sure that is something you have to go for as a newbie. So for now as a newbie; you can stick to basics and grow daily.

Except it's easier I believe it's cheaper too! Exchanges (at least I don't know for any!) don't do that, so you need to move the coins from exchange...fee here and the fee there, sounds like a lot of things to do and many fees to pay! With stable coin all you need is to place order and that's it!
When the price of some coin is going down you can't protect it, you protect the value of the crypto in dollars, so when the price goes down you can buy again if you believe that selected coin will rise again in the future! When you buy for a cheaper price you will have more coins, or you can buy the same amount you had and profit can be used for some other investment or anything else, it's on you!

From the little experience am having from cryptocurrencies it is very annoying and painful when you see the coin you buy dumping!!!
The only thing I do when market is dumping I alway convert my money to usdt. Usdt is kind of easy to be converted into, More than gold and silver!!!

The good thing about this is that the market of bitcoin has a tendency to crash really fast so you do not have to hold those stable coins for long and then you can go back to trade bitcoin, now there are those that like to short bitcoin as well, personally I am not a big fan of shorting bitcoin since if you happen to be wrong then you could lose your money really quickly but it is a viable option for those that want to earn money as well while the market is going down.

Yes, stablecoins are a good option when the market is dumping, you can just quickly switch to a stablecoin and wait for the market to get back to normal and you can then switch again to Bitcoin and other volatile coins, or you can even just go ahead and sell it out for USD if you don’t like stablecoins, there are some exchanges that would let you switch to fiat and still hold it in your account on their exchange if you want to, and Binance has been doing that.

Then as for switching crypto to gold, it depends on what you really want, if you are talking about buying gold direct, I don’t know any gold selling platform that accepts Bitcoin, all they are accepting is payments with debit cards. But there are gold-backed cryptocurrencies, and the only one I know that is reliable and truly backed by gold is PAX gold coin.

If you convert crypto to gold or real estate during a bearish or dumping period then still, you will lose money because for me it would be better to stay holding. This is an era where crypto will continue to grow, so any decline will eventually recover and be bullish. So, why panic when this crypto era is in a good situation, it's different if this is an era where crypto is easy to replace or something else negative, then clearly a holding strategy will not be right to be implemented.

At the end of the day if you want to get out, there is really nothing more to it than that. If you want to get out by using USDT, do that, if you want to get out by getting out of it completely by going to fiat, do that. However you want to get out, just get out if you feel that way.

I do not really love people who want to get out with a fear of dump coming in because if you are not ready to brace that type of fall, you are not going to end up with much money when it is going up neither. You need to keep buying even when it is high so that it could go even higher, if you are afraid and get out, that means you do not want to be part of the people who makes $20k into $25k, you want to be the people that causes it to not go to $25k at all.

You know already as stablecoin is the best way to sell and maintain your assets. By so doing you have protected yourself back and beside gold isn't stablecoin.

It depends on you and what your future intentions are. If you want to continue staying in the market then converting your BTC to stable coins like USDT is a good option. And once you did that you may want to decide if you should keep your assets on the exchange wallet or a hardware wallet - this all depends on how safe you want to be and you have to compromise between safety and flexibility/accessibility.

As for your second question, which is better gold or silver, I'd think that the standard is the standard. that's to say Gold would be the better option than silver 

Most of the Gold backed stablecoin are scams and should be avoided, many of them that I have encountered either as a result of promotions or investment, end up scamming their Investors either by dumping on them or exiting scam. Until now it's just one that I have seen potential in which I believe are still active on the forum, I'm talking about @GOLD_official their announcement on the forum can be found here. That's if you're hoping to hold your funds in gold backed stablecoins.

We have alternative that are most recommended and friendly to the industry which has to do with decentralized stablecoin and not the centralized ones found all over the web. We have stablecoin like DAI that are backed by Ethereum smart contract (fully decentralized) that you can hold and have piece of mind that your funds are safe and can't be compromised.

The best way to protect your cryptos when you noticed dip is coming is for you to convert to USDT, With USDT, your funds is secure and free from dip, and you can always convert back to ur favorite coin when the market bounce back.

I understand the logic that there could be market dumps and you should want to get out before that happens, there is no better logic to get out at 20k if you are afraid it will go under 15k and those are things nobody really questions. The trouble here is the fact that stablecoins are not trustworthy to some people, including me.

Whenever I have used stablecoins like USDT, I have used them quickly, just to move money around, like move from some small coin to usdt then to bitcoin right away just to be able to trade which I can't do directly so I had to use it. Otherwise I will never hold my money in usdt or any other stablecoin (except maybe DAI now but I am waiting for it to get more common). The only reason for it is the fact that I do not trust the companies behind them.

Stablecoins are the best for you to protect your crypto asset from dumping even further and it should be backed by a legit asset like gold, etc. This is what I have been doing so far just in case that the chart signals a retracement or a healthy correction.

More or less this is what can you do. I would include BTC into that too. It always keeps the price at the end. The hardest thing to do is to predict is it a correction in price or dump.

I see nothing bad in wanting to take profit or avoid further loss in cases of market dump. Th best has to be trading your coins to stablecoins, there are may good ones out there that aren't shitty as Tether (USDT) is. We have DAI that's backed by ethereum (smart contract) and truely decentralized, meaning there's no risk of your funds getting seized unless you give control to centralized bodies like storing your funds in a centralized exchange.

If stablecoins are to become illegal then coins aren't excluded from that threat but the chances of that happening to decentralized project are zero therefore you holding your funds in them (decentralized stablecoin) are the safest alternative to holding assuming you wouldn't have the patience to hold through the bear market.

Based on my trading experience for 3 years, the best way to protect our assets when the market dumps suddenly is
to convert them into stablecoins. Because stablecoins are not affected by the volatile crypto market, later when the
market stabilizes, you can use trading again. I usually choose gold over silver to save the profit I get from crypto trading.

For those who do consider on switching up to altcoins to secure out their profits on what they had made in bitcoin then its really a very wrong idea.
Only noobs would really recognize or do such step because no experienced person will do this since they do know that volatility is always present way more than
with bitcoin and if you do just tend to make it as a safe haven then you did really make a very bad decision because you are putting your profits
even way more riskier when it was still in bitcoin form.Stable coin is a good option but i would rather to convert it to fiat directly yet i dont have much
confidence when it comes to stablecoins.

It is obvious that when the market begins to go down the best way to protect your gains is to be either in stable coins or in fiat currencies, many in the past tried to protect themselves with altcoins but that is a mistake as for the most part altcoins tend to exhibit a behaviour that is even more volatile than what we can see in bitcoin, however you need to be careful as it is not recommended that you keep your money long in one of those stable coins as you never know if they will disappear while you are holding a huge amount of them.

It is very important not to confuse "dumps" with "corrections".
A dump is when a shitcoin was pumped (for example from $10 to $20) then it is inevitably followed by the dump (which it goes from $20 to $9). In this case you shouldn't wait for the dump to start to then think about what to do. You should have sold before the dump began.

But a correction is when bitcoin goes up in a bull market (for example from $14k to $20k) then price corrects and comes down a little (from $20k to $17k) which is always followed by another rise as the continuation of the bull market (from $17k to $19k). In this case if you are day trading you can sell after the rally slowed down and price reached the resistance and buy back right away as the correction happens.
It is worth mentioning that during this process altcoins will always dump both during the rise up or the correction. In this case the only way to protect your "assets" is to convert them to bitcoin which is what all traders do which is the reason why altcoins dump.

As for gold/silver, these things should be used as diversification not something you go to back and forth.
As for stable coins, they are not to be trusted ever unless you have absolutely no other choice and you are going to own them for a very short time and accept the huge risk you are taking.

There isn't a direct way to turn your crypto to gold or silver, there are companies that proposes that and there are "stable" coins that claim backed by gold but in reality none of them are trustworthy. I would say best way to do it would be to cash out to your bank account in fiat form and go buy the gold directly, which would have some fee costs but otherwise would be a lot more trustworthy since humanity has done it that way for centuries now.

The other question is simple, if you think there is going to be a dump either do not buy bitcoin at all and since the price is very high compared to what it was, people would understand that or you could simply just put a stop loss, at which point if the price falls your exchange will sell your coins before it drops too significantly.

It would really be subjective because there are different type of traders the one who do actively trades and the ones who do hold no matter what.
Its easy to say on being patient but when you are already on the situation where price is already dumping and you do see that your portfolio is gradually
going on reds which would really poke up your emotion that neither you would heavily react with it or trying to endure the temptation of panic sell.
Dump techniques neither you would really be switching up to stable coins or simply cashing it out fastly to fiat.
Its up to someone on how he do secure it out there are actually various ways to do it.

Why do so many roll out stablecoins as THE option when there's no shortage of exchanges with real money? And some of have banking licences so that money is fully insured rather than being run out of a beach hut in the Bahamas.

It sounds like OP plans to 'time the market'. I doubt a newcomer would do a great job of that and nor would most people including me. You're better off riding it out with a significant portion remaining in BTC. The market can give you a beating before you know it's happened.

If you are a holder, being patient is a key to secure your fund against dump. Being panic or sad only causes you to make a fail decision.

If you are trader, stop loss is an important feature helping you stand still. Dumping can happen anytime and thats why setting a stop loss is very important. You can rebuy bitcoin with a better entry after hitting stoploss

As suggested, trade your Bitcoins for stable altcoins and never try to chase the losses in the market in case of being on the wrong side of the trend. You can use sell stop orders if the market drops suddenly with the given price range, the best tool for protecting the trades from sudden market behaviors. You can use buy/sell limit orders to buy/sell higher the market rate. If the market rate is lower than the rate you wanna sell, use the sell limit order but be careful not to mislead the orders with stop sell orders. There is four types of limit/stop orders and each of the trading order serves for different purposes. For any question, you can ask here or directly from me on pm.

If you believe that the trend will be negative, you have two generally safe options:

a) Exchange your cryptos to stable coins
b) Open a sell position on Bitmex or similar future exchange

IMO looking to the dollar <> crypto value is wrong and I'm not doing anything during the dumps.

Yes, converting it to stable coins to retain the current market value of your BTC. But if I see a market dump, I'll keep my bitcoin and just let it be. And the counterpart of it is to buy by that time when it dumps. More bitcoins to go is way better than converting it to stable coins.

Etoro? or the typical method of crypto > cash > gold/silver.

1. Its your choice but majority been doing this specially if they do just make some active trades and waiting up for some dumping situation where you can
easily switch up to btc when you do see some opportunity.

2. Its up to you on where you do make out some other investment neither you would divert into those typical natural resources like gold and silver.
   but some do just decide to stay with crypto but well when it comes to diversification then having this option
   is quite common.

Most of people do target out on their fiat value earnings and that what matter most.

You must set a specific strategy when rising and falling heat, and even the same strategies differ from one person to another.
Lots of altcoins are down from Bitcoin for you, and it's not the ideal place.
It is better to withdraw it to your bank account or use some intermediary services that enable you to send and obtain this information and others,

Keep in mind that to access fiat to crypto either you pay a premium or required to do KYC process, so if that's not your deal then I guess stable coins is a short-term alternative. It's not like you have to hold for years to find a better entry to buy BTC again.

USDT has the most volume and most exchanges support the ERC or BTC version, and in some cases even TRC.

Just stick to Bitcoin if you really want to hold. Because BTC always recovers.

Stablecoin risk is if it gets seized or stopped or just becomes illegal.

Gold and silver,,, too many scams out there I think you will find many socalled derivatives but you cannot prove yourself you actually hold gold so I would avoid.

I don't think there is the best place to protect your assets when bitcoin is starting to dump, but you can sell your bitcoin if the price starts to go down.
You can use bitcoin pair usdt to sell, so you can hold usdt to buy back bitcoin later if the price reaches the lowest price.
But there is no guarantee for you to see if the down of the bitcoin price will be a "dump" because sometimes, the bitcoin price is down and back to the high price.
I prefer to sell some bitcoin before the price is down deeper, so I can have the opportunity to buy back bitcoin again.

I don't know what the easy way to convert crypto for gold or silver is. But I will sell my coins to fiat to buy gold or silver in the local store. I don't want to buy gold or silver online because that is too risky for me, but I don't know about you.

There are many ways to do this. Basically you can sell for USD or USDT on any exchange pretty much. Just sell it for USD and in the future buy it back if you think it will go back up. Another way you can do it is if you use a futures exchanges and just open a short of the same value. Right now this is beneficial because if you are short then you will get paid a funding fee.

There are many exchanges like Binance Futures, Kraken, FTX, Bybit, Bitmex to do this. Just remember that if you are wrong and price goes against you, you will lose your BTC value of the difference that it goes up by. This shouldn't make a difference because you technically sold earlier so you will still get your original selling price even if price goes against you.

Good suggestions by few of the posts above. However instead of stable coins you can always option out for the fiat conversions. I mean converting crypto to crypto is anyway little basless idealogy. When deep market dump is on going even stable coin will fluctuate a little bit.

In addition to that you will have to wait for the buy-sell process and get desired value for token.

In my case, I use WazirX (local exchanger) which allows me to sell my bitcoins into fiat in no time. I can hold this fiat in INR value and they are as stable as dead soul!!! When you see market is pumping back you can always option out for buying at peak in no time.

That's advantage for me over stables. Of course it's up to everyone's choice how they want to secure the "original value".

Dump tactics with fiat. :-)

Any dumps from now will be healthy dumps or more correctly you can call them as healthy dips or corrections. Such dips or corrections are great chances for you to accumulate more bitcoin and practice DCA.

One of the Best Weapons in Trading. Make sure you read it and can apply such trading weapons for your trades.

Whenever you get the signs based on the indicators you are using indicating that BTC is losing momentum, just convert to and stable coin and buy back the dip, with this, you are increasing your BTC holdings.

Yes it is, just dump it into the stable coin and then you can also wait for the dip to buy in too. Your asset will not be volatile.I often used the stable coin to protect my asset from the dump.
There are some reasons
1 big liquidity
2 traded in all of exchange sites

Im not sure if this is the best way but do you aware if the liquidity of gold coins are not so high as stable coins?

Dump it to stable coins on any exchange (i suggest binance as market leader).

There are stable coins backed by gold if you are interested to be exposed to gold fluctuations rather than dolar constantly loosing value:

https://coinmarketcap.com/currencies/digital-gold/ - popular on bitcointalk thanks to their bounty
https://coinmarketcap.com/currencies/pax-gold/ - known alternative (same firm that has PAX - usd stable coin)
https://coinmarketcap.com/currencies/tether-gold/ - the biggest player - same firm that has USDT

But this is not like holding gold bar in your hands. These firms can disappear with your money any day.

Dunno about silver. Most likely you will have to dump to USD and send it broker/physical seller.

Warning - i'm a beginner.

1.
I'm trying to prepare myself, when BTC would start to "dump", what is the best place to protect your ASSets ?
Is it to convert to stable coin?

2.
What is the best easy way to convert crypto for gold or silver?

Thanks guys!