Someone was saying that September is a period that asset prices get a beating.
As the chart below shows, Hive prices went down at the start of September and even reached 0.24 at one stage.
It has since climbed back to 30 cents a few days ago, and currently it is staying at that region.
It is also the end of September, and we will be stepping into the last three months of the year. If the price isn't going down further due to the September effect, can we expect to see it climb up higher?
Is the storm over? This will be interesting to see.
Personally, I loaded up whatever Hive I need as I described in this recent post. There wouldn't be any more buying for a while, unless it does even lower, say below 20 cents.
If so, I will be bringing out some cash to load up some more Hive. That would be a price I can't resist. Besides, by then my financial situations should be better with my pay coming in. Overall, I can afford it, though it might be a delusion.
Afternote: See this thread for historical BTC price which shows weaker September! @idksamad78699/re-leothreads-2ebgtn3mb
P/S: This is not financial advice, and please do your own due diligence before investing.
If you read this far... and if you are a like-minded Hiver who is on the path to learning more about Hive and crypto investing, and if you like to be tagged when I write such posts, I welcome you to leave a comment below and let me know.
We can form an alliance to support each other's growth.** You might be interested in this post, @thatkidsblack,
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@hankanon!