September is living up to it's name Rektember and we are still getting rekt in the markets with what looked like a tiny push yesterday before pulling back straight away. Is this the longest bear market ever?
It feels like we are in complete capitulation mode now with all the Bitcoin ETF excitement fizzing out and the real pain in the economy being felt after the endless fiat money printing during corona and the higher interest rates.
Something that Lyn Alden said this week caught my eye and it was that the higher interest rates may not slow inflation because it is government spending that is out of control and causing it.
One good thing this week happened that I think is good for the next bull run is that Bitcoin should have better accounting treatment for companies who want to hold Bitcoin on their balance sheet. That was a great win for Saylor.
The buzzword I see is that it is still the accumulation phase and with that in mind, here is the progress of my Hive goals.
It has been 2 weeks since my last update and it is good to take a look at the numbers again. We are now approaching the middle of September and the end of week 36.
My Hive tokens grew by 1661 since last time and that includes a 1k power up. I am almost 88,8% of the way to reaching my target and have 4914 Hive left to power up this year to reach my 100k goal. With Hive at these low prices, I will for sure be powering up again this month.
My ALIVE tokens grew by 245 since last time which is some good growth as usual. There is still 7k ALIVE to go to reach my goal.
The largest progress this week has been in my GLX goal with an increase of 8579 GLX and I am closing in on the 100k GLX. If this growth remains the same in the next 2 weeks, I should reach the goal.
We still have 16 weeks left to achieve our goals and make the last push to get there. How is your progress looking?
Thanks for reading.
Credits:
The title image was created by myself
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