Good morning traders and TGIF! Been a painful and slow week watching cryptocurrencies lose much of their value, drip after drip. Litecoin, one of my favourite cryptos, has picked up speed giving back the gains it got from Litepay announcment and is now among the biggest losers, with Charlie Lee's tweets of Litecoin going back to 20 being dug up from the past not helping at all.
I hope everyone has acknowledged, that recovery to the highs or at least towards the highs, might take longer than anticipated at first. Bear market weighs heavily, yet perhaps this is the time to accumulate more? Being a daytrader in forex, commodities and indices, i realize that daytrading is very hard and requires constant skillbuilding, being up-to-date with news and a strong personality, to not let bad daytrades turn into longterm trades and not to let the markets get to you.
The big money is hardly ever made daytrading, but investing. Find your worthy investment, research them, invest in them. Investing will usually include the need to withstand bear markets, downtrends, horrible pressures from sellers and FUD all around, but remember - in the end innovation always trumps fear.
Via virtueofselfishinvesting.com (red lines by post author)
And innovate is what we do. Aren't we all blogging on a first-of-a-kind platform, getting paid for voicing our opinion or showing our works and getting rewarded for it by the actual users that consume our content?
In light if this, Coinsiglieri, brings us this cartoon of what Hodling is like, through his eyes:
That's innovation pictured right there (on a fun sidenote, if you want to see a grim yet interesting variation of the rollercoaster, titled The Eutanasia coaster, check the replies here). So if you give up trading, investing, blogging right now, only one you will have to answer for this is your future self.
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