Crypto is following BTC right now it has been confirmed in multiple alts.
We all agree the capitulation is not over by looking at the 'hodl' people.
I realize, more and more, that it is true that people with hold to 0$.
The key is not the number of coins, its confidence people put in it.
I can only tell you what i do nothing more.
I have been following the market closely, and I don't think we're out of the bear market. A lot of experienced traders and analysts were talking the possibility of BTC correcting to $5,000 a couple of weeks ago, but now most people are believing the bull market will happen without that extreme of a drop. I just don't trust it. My intuition tells me that it's still coming. I was thinking $70 for the next nosedive, but I wouldn't put $50 out of mind either.
I'm sort of "long" on Litecoin, but I'm definitely not of this "hold" mindset that says "stay put to zero and wait a year for the bull run". Personally, I think that's ridiculous. I think people get so emotionally involved in "loving" their beloved picks that they refuse to get off the wagon when the market drops. I personally don't understand that. So many people hold such negative attitudes about daytrading, and they don't know the difference between real daytrading and knowing when to strengthen your position and sell when the market takes a dive. Yes, it's dangerous and risky, but I think it's far more risky to hold at all costs.
It almost seems like people believe it is badge of honor to hold no matter what, and that goes against my strategy, which is MAKE MONEY. I'm in this to make money and sell at appropriate times. Sure, I'd love to buy a crypto at a dollar and sell at $50,000, but the people who have accomplished that, who have held BTC and LTC since the super-early days are pretty lucky. I missed out way back when, at the time that I first discovered BTC and crypto when it was trading at $1 a decade ago, and I am still kicking myself for not following my intuition and jumping on board from the beginning. But the only way that I can leverage myself now is to not be greedy and sell when I can make a gain.
At any rate, thanks for your input. This was a good post. Wishing you the best of luck!