The market was parabolic last night. If you're a somewhat active trader or if you have a diversified portfolio of currencies you believe in, then last night was your chance to get in on most alt coins at a discount. Almost every alt coin was on the red. With most of them dripping at least 20%! Bitcoin and Ethereum are holding strong. With bitcoin still fucking skyrocketing, and as it keeps getting higher the alts are dropping.
I saw a lot of panic sellers last night trying to get out of their positions before they took what they believe is a loss. I have holdings in a few of the dipping currencies, but I didn't let it bother me. I saw it as an opportunity to pick up more for long holds. I ended up selling 14 of my ETH and diversified them in other alts. STEEM being one of them of course. I woke up this morning and my portfolio is already up 15%! I wish I had the balls to trade out more of my holding ETH but I didn't want to be too greedy and I wanted to manage my risk. You never really know what is going to happen, I've seen the market react like this before and I missed the ride because I let my emotions get the better of me. I sure as hell wasn't going to miss it again. Risk reward kind of thing I guess. I only wish I was holding BTC.
The market is mostly still in the red with a few recovering slowly. What do you think? Do you see this as an opportunity to get on alt coins at a cheap price? Did you sell? Or are you just sitting? Let's discuss. Thank you so much for reading. Until next time, deuce.
