_{Okay but imagine the picture above except underneath the rocket-fire are a bunch of altcoins being burned alive. 100% upvote for that picture lol}

As predicted

Even though I know that altcoins are under attack and I predict that their market caps will dip even lower, it's still hard to believe. Are the people in control of altcoins so afraid that they sell whenever Bitcoin dips no matter what the actual fundamentals/analysis of the coin in question are doing? I guess this is the case.

I've been predicting this summer bull run for a long time, but I never thought it was just going to be Bitcoin and a handful of altcoins that made gains, all at the same time during every dip every coin falls evenly.

Okay, Litecoin bottomed at $22 and is now at $101. Ethereum bottomed at $80 and is now $270. Makes sense. Hell, Binance bottomed at $4 and is still $30. Nice.

However, our beloved Steem and other lower cap coins are almost back to their local December lows. Sure, there are a lot of exceptions out there and a lot of chaos, but for the most part a lot of these coins are mirroring Bitcoin's downward movements while staying stagnant during the upswings.

WHY?

Well, I don't know why. No one does, and anyone who claims to is selling you something. I'm not here to speculate on that. I'm here to tell you how I plan to cope with this Series Of Unfortunate Events.

Plan == Hedge

Crypto is volatile. Really really volatile. There's really no reason to make that volatility worse (say with margin trading). No, quite the opposite. We should all be working to lower the risk of this extremely unpredictable asset class. Clearly, the vast majority of the people in the cryptosphere are not comfortable losing this much money. By lowering risk we lower the chance of going on tilt and, in turn, making even more foolish decisions in the heat of the moment.

If we get an altcoin bull run this summer, fabulous. We don't need to take any action. However, if Bitcoin continues crashing (I think it can go all the way down to $7500) then altcoins (and Steem in particular) are going to get stomped into the ground.

My personally strategy will be to save everything I have and invest it slowly in the fall. I'll split all the money I saved into 8 pieces and invest each piece for each week of september and august. That way I'll get a nice cost average.

Powerdowns

There have been quite a few powerdowns lately and Steemit Inc. is still programatically selling no matter what. I think there is a very good chance that we could dip under the local low of 22 cents. In fact, I think it could go all the way down to 16 cents. If that happens, I'm going to be a very happy camper. I'm here for the long haul and I'm looking to accumulate as much Steem as possible at this point. What about you? Are you trying to sell now? Or invest in your future?

Conclusion

If you can't handle the market falling lower, then you've overplayed your position. You should always have a little wiggle room to play the market. The coming months may be a fantastic time to capitalize on the fear of others. While it certainly isn't ideal to engage in these kinds of zero-sum games, sometimes that just the way the cookie crumbles.

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