A thread on altland: 
/1 We've seen a lot of torrid automatic rallies in beaten down names, that have, so far, been sold off virtually as quickly as they came.
Yet the overall market capitalization has wallowed.
Yet the overall market capitalization has wallowed.
/2 There is no inflow of new money, just greasy chips being pushed around by the remaining players who, like heroin addicts, can't do anything but what they've been conditioned to.
Volatility has collapsed. The thrill of the casino is muted.
Volatility has collapsed. The thrill of the casino is muted.
/3 Some nimble traders, as well as insiders, will continue to extract some money from the rest of the market, but it will be meager pickings until new wealth is created by a bull cycle that creates the wealth and interest to resuscitate alt markets.
/4 At the same time, the fundamentals are coming home to roost. Without the proper incentive alignment between token holders and project devs/insiders, projects are being abandoned by their founders. Those who created for the quick riches will naturally disappear.
/5 See reddit.com/r/CryptoCurren… for a poignant story of what is happening behind the scenes.
/6 The supply of projects vying for attention and investor money continues to inflate because cost of production is so low, but demand and market dollars able to sop it up stays basically flat.
7/ A barbell approach is probably best, focusing on projects that have a reasonable likelihood of surviving to make it to the other side, and micro/small caps that need little money to produce multiples.
/8 What can you do? Invest in yourself during this bear market. And survive, so that you are there to capture the upside of the next cycle.
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