Some lessons learnt from day trading in cryptocurrencies

CRYPTOCURRENCIES have been a polarising topic among investors ever since they gained mainstream attention.

On one hand, some believe that cryptocurrencies are purely speculative and cannot be used reliably as a store of value or a unit of account. Others, however, maintain that these pieces of virtual code hold immense potential as we begin to live more of our lives online.

Personally, I have always viewed the concept of cryptocurrencies as a libertarian's fevered dream come to life, where value is based on the hope that money may one day be free from the shackles of centralised authorities.