I don't think fortunes are ever made in a day in crypto, however, they can be realized in a day. The rich crypto people got rich, but buying, grinding and accumulating while the price was low.
It paid off on the day it went up.
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I agree speculation is not the way to get ahead of the game, you can get lucky however can lose it just as easily in a day, and unless you realize your gains they can be lost the next.
I agree long term holding is the way to go, the biggest issue would be knowing when to hold and when to sell and when to accumulate.
Examples would be Dash, Ripple, Bitcoin, Steemit when they went crazy there were large profits, if you are a true HODL even in the rally and not satisfied with the price, then of course you will be disappointed with earnings!!! Hence, not satisfied with the price.
Each crypto mentioned saw their heyday for a period this year, before settling back down.
With Steemit the biggest question on the trading would be the power down process to lock in gains, that said it does reduce the unpredictability of selling everything at once, since a power down takes 13 weeks to complete and seven days from the day you decide to start selling in a rally. It is a forced dollar cost averaging, that gives you sober second thought.
The real question is if the market is predicting January for SMT does that mean power downs will start essentially today for 13 Weeks on the presumption of selling on the hype and buying on the delivery or if the market is a true HODL after SMT launches and the rally starts that day, then you begin a power down.
Or to accumulate more steem for the long term, knowing your steempower is worth more in a long run game a lot of game theory :).