I am one of those people who wait for the Oct to December time period. And get to make the profit during the season. but that has not happened this time of the year. In fact most of the portfolio has been down too. Like I was kind of expecting to sell some of the coins too.
This year I sold the LEO made the decision to power up into the HIVE. And that turned out to be the right decision. I also made curation the priority while the content creation get the second seat. Though the curation and the delegation is the prime goal. I also invested into the tokens.
So let's talk about the altcoin season.
Before that I have mostly done good because I got some of the support from the friends here and also the token upvotes coming into the play. They seem to be the one giving you push because you can't expect the organic upvotes on hive anymore.
Everybody knows that but nobody wants to come out and admit it openly. In fact most of the projects want to avoid that and keep zipped there. I think that is undestandable as each of the people have the tribe and they seem to be doing good with the tokens and have developed a good strategy in the grand scale there.
Most of the people who are holding the bitcoin are doing good. But the earning bitcoin seems to be the problem. It's like you have to sell the altcoin on monthly basis and hodl the bitcoin. Which sounds like a good strategy until you are hit with the bitcoin fees. And tht is one of the reason you can get with the L2 tokens.
Each altcoin season something new has been happening. Last season we lost the hive price. We fallen from the 0.33 to the 0.20 and that is indeed bad damage. I hope that does not happen again and we get to see something positive at least by few cents it gets added.
Altcoin seasons are unpredictable and as long as we have diversified the things would get normal pretty soon for most portfolios.