I think in this sense we somewhat have it easy on STEEM. Due to the fact that the tokens we make always add to our influence on the blockchain, the price of STEEM is not the only reason to accumulate and to hold, at least short term. That being said, it's not easy for all the other bag holders, and some are rage quitting hilariously.
I will say this much: I do believe alts will bleed more, and some considerably more. But, I'm also confident the bounce will come, simply because this is how these cycles happen. I'm not going to capitulate like some of these avatars I keep on seeing on my feed, I know better.
If we really think about this, there's one main reason why BTC is creeping up right now, and that is because people are handing over their bags to whales and chasing BTC. In other words, they are creating their reality and giving away their opportunity.
As we've heard a thousand times before: Money moves from the impatient to the patient - That, my friends, is precisely what is happening at the moment.
Trade safely, or better yet... don't trade.
MenO
