I mean, don't get me wrong... I love the fact that alt's have a tendency lately to hedge BTC and ETH... but damn can't we have some kind of asymmetric correlation like in a good old fashioned bull-market? e.g. correlation on down moves is negative (GOOD) but correlation on up moves is positive (even BETTER).
Of course that would mean STEEM ratchets up with every volatility spike... A trader can dream...
As it is, definitely seems like there's a steady flow of coinage headed towards the exchanges. I will continue to oppose this flow for the time being, or at least until I update my internal latent state when new information arrives.
STEEM/ETH
Suffer these fools...
This kind of price action is an excellent example of why you need diversification. If you were totally in alt's today, then you might be in a pretty bad mood even with the general rise in the big market cap cryptos like ether and bitcoin.
ETH/USDT
Meanwhile, the big market caps are rallying
My main day to day focus continues to be ETH, STEEM, and EOS, although I am curious to hear anyone's thoughts regarding Agrello (DLT) which has been called to my attention by one of my more speculative algorithms. I'll be honest, at this time I don't really get the direct reason why their token has value, but the dev team seems to be in the middle of some interesting sounding things like this whole ILP concept... so their might be some indirect or future value but for right now the jury is out but I'm def digging a bit deeper into how this all fits together with their token...
