@cryptographic thanks for the post. I'm in a similar situation: spent all fiat, but the difference that I haven't liquidated Sys coin and Cardano, when you did that in January. If you would be holding a portfolio like
40% ADA
30% STEEM
15% BTS
15% SYS
Would you consider to rebalance it now in order to increase holdings of STEEM and BTS?
I know your position on SYS and Cardano, but I'd like to understand whether you believe rebalancing in the current market is a good idea?
P.S. I totally understand you are not here to give professional advice, just wanted to hear your thoughts on the case.
It's always a good time to reblance, and always a bad time to try and outguess the market.
From a technical standpoint, SYS has held up quite well on a relative basis . . . until the last few days . . .
ADA has taken a long hard steady hit, and it the most overvalued of the group.
BTS is the most undervalued, has the highest potential rewards IMO, and just so happens to be one of the laggards of your weighting. In so far as SYS goes, I haven't been in touch, so I don't know if there's been any meaningful movement towards their PoS masternode conversion. ???
How would I reblance? You know my opinions and what I've actually done, so it will come as no surprise if I say I would lighten up on ADA and increase my BTS holdings, right? Less surprising if I end like I started by saying that trying to outguess the market will kill you? Sometimes you've just got to hold your nose and do it . . . for better or worse. 😮
How is SYS doing BTW?
Thanks, and please forgive me for unabashedly advertise my buy low and sell high method here on Steemit once again. 😉
Hey @cryptographic. I wouldn't say I know much regarding their progress, but today SYS got listed on Binance, which already pumped the price +30%. I believe this listing means SYS is doing well.