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RE: STEEM Update: Technical Analysis Teaches Emotional Maturity...how? Check out this blog!
You have already won the battle by staying in the game. And don't mistake....the Devs at these things aren't just some kids....they're making millions for themselves and for others savvy enough to anticipate mommy's moves.
Thanks. You're right, people savvy enough to anticipate where BTC will move, can make millions on alts which are BTC's shadows, smaller, more fearful shadows.
Problem is I just hodl. I will surely sell when it looks like there's huge and longer term correction coming. Other than that, I hodl.
And what I meant by my previous reply is that this tactic (pure hodling) seems to hardly work for diversified portfolio of alts (I got ETHOS, XVG, STEEM, BTS, CVC and IOP).
My long term understanding of this market is: BTC+BCH and ETH are more or less the only players for now. The rest is just extremely long tail of prospective or nonsense products.
I invest in prospective ones (in my oppinion) with strong community behind them. I believe sooner than later their products will get huge appreciation and 90% of the long tail will be chopped.
The thing that's extremely frustrating is that for some many months now, it would be so much better if I were just 100% BTC. Almost each week my portfolio loses significant value in BTC.
Each week community is pumped up by new alt success story. Now it's Cardano, before it was Vertcoin etc. Even situations like this don't change a fact that alts as a group, even if You consider only top 100, are being outperformed by BTC, at least for last 6 months.
It may change and I strongly believe it will at some point. That's why I'm still hodling, but emotionally it costs A LOT.
I feel ya. It took some time to learn that the best earner overall is always going to be BTC....well maybe not always, but for now. I think if you keep holding the right coins, you will reap the rewards, but it will require a great deal of patience. A good practice is to remove your money from the market if you are truly planning on holding it for a long period of time. Keep it in a safe wallet instead, and then it forces you to take a lot more action if you get the urge to jump ship.