The steady income here was doing trade in the exchange platform and joining in the signature campaign or buying altcoin in the ico project at the cheap price then sell it more the amount you invested.
In my view all these are are not seeming consistent.
Any type of trading will never ensure steady income. Because losses are part of trading and even professional traders are struggling for finding steady income.
Signature campaigns make give steady income, but you cannot be sure that you can be participated throughout year.
Altcoins and their ICO are very much dangerous in my eyes. One recent ICO is refusing to provide withdraw functionality for their ICO investors. They need to wait for at least two weeks for auto withdraw to happen. I guess dev will dump before their investors.
Since professional traders are always active, they can get lucky enough to buy some really good coin and
never ever worry about losing money with that investment at all. Just like in ETH, if you bought months ago, right now, you don't have to think that much about the pump or dump going on because no matter what time are you selling your coins, you'd still have profit. Same with any other early investor of a coin that is booming right now (e.g. ICN, LTC). Early investors know that the price of that coin will not go back to the price that they bought it so they sell some of the coins whenever they need money and then hold the remaining for a longer time for better profit
I don't think that you are describing reality
Basically, what you are talking about comes down to a "hit and run" approach. This is certainly not what traders follow, especially those who earn for a living by trading. Losses remain losses, and no matter how lucky you were in the past, if your go through enough losing cycles, all your profits will get eaten away at the end of the day. In other words, you should treat your loss in absolutely the same manner, i.e. without looking back how much you earned in the past. Indeed, if you earned much, you will get a handsome safety cushion, but this in no case should justify your current failure. This is a dangerous attitude
I think I haven't described my point well enough. I was talking about when you buy a coin at let's say 100 satoshis each. And then you hold them long enough that the market was just playing around 6000-7000 satoshis each for that coin. Regardless of which price you sell, you're still going to have profit. So holding them for a little longer will not matter since you would still get profit anyway.
I wasn't saying that after getting good profits from something, you can just play it off and blindly invest on stuffs and don't consider your losses as loss at all just because you have earned enough back then. In the case that I was saying, you still have the coins from before and selling them regardless of what price will cause you not that much effect since you're going to profit anyway.
To put it in a much better way, imagine those that bought bitcoins at 10$ each. Regardless of all these major dumps, no matter which price they sell their coins, they are going to profit well.
