I like that bit about waiting it out. It could obviously backfire horribly but it is what I have started doing and it mostly works!
All too often in my early days I would panic as the price would seem to plummet on a coin I had bought but maybe a month or so after selling at a loss I would check out that particular coin and see it had recovered to double or one and a half times as much. So yes, wait it out shall be the cry!!!
Well... didn't really apply to STEEM lol (ouch). But yes, generally just waiting is best. Hold onto value, not speculation.
Yeah steem was a hurter! But others not so bad!