A Wasted Read
Today I felt inclined, almost obligated to write, a rare occasion most days if not all. I felt an urge to express my thoughts on this market, the historic trends that precede our current teddy bear. Speaking of teddy, the 41st President of the U.S is being observed today after passing away late last week, the markets are closed, and by closed, I mean the door was slammed shut late Tuesday afternoon after the Dow Jones hiccuped -3.1%(-800) twice that afternoon, first at 1:40 pm and later at closing.
The world is watching curiously, after all, what is -3.1% compared to bitcoin. Historically, when presidents die, past or current, the markets tend to drop. We combine the G20 summit lack of progress and the handicapping that the trade war has dealt producers, you know, the ones that drive value, and we have a bit of brewing discontent. Could we have another early February 2018 precursor when the DOW plummeted -1600 until closing at -1175? Perhaps, we have an entire day to ponder these thoughts, the market will open tomorrow at 9:30 AM, tune in for disappointment either way.
At this moment, you must be asking yourself, this is a crypto subreddit, what the fuck man? I’m here for the memes and the trolling between the slow speculative brief news articles. I will admit I am a crypto enthusiast, if you are young and dont love this stuff you have no pulse. There's some disappointment when it comes to these coin camps, everyone is pulling for their investments, rightfully so, we all have our philosophies and our money to back them, but that's as far as the majority of us go. There is so much misinformation and fud thrown around with zero knowledge(lol) about the subjects, just because you own such coin you shit on anything close to what its trying to achieve. We are being divided and conquered, if you believe in the currency/blockchain technology, promote it, but not at the expense of your peers, its hypocrisy.
Ive dipped my feet in these arguments in the past, but the best way to surpass this is by educating ourselves. If you believe in blockchain technology and what it can bring the world, educate yourself. If its investing you are after, riches, study the markets, not just crypto because god knows it might just be the definition of volatility. Study world markets, domestic markets, stock markets, you might make a career out of that hobby you had with that scam coin when you were young, live and let live.
Finally, when the streets run with blood, its the best time to buy. It not only works for crypto, but for all financial investments, buy it all the way down, i almost get more excited for these times than when i have to sit idle on a profitable bull run. Max out your 401k if you have one, retirement funds, don't put all your money in one place because the Lambo on the moon, invest what you can afford to lose and always hedge your bets, never go all in.
Have a good day everyone.
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source https://www.reddit.com/r/btc/comments/a3fn5t/a_wasted_read/
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