Actually you do have 29 days to mind your biz if you want to fully benefit from October. I think it is fair to get this out of the situation. Things are going to happen that can make you jump while you may not be ready to celebrate. After all September has a lot going on. This is the month NFL season starts fully. Nobody really cares for preseason.
The weather should start behaving a little except for the sunshine state where the risk of thunderstorms are alive. Away from the weather September has been looking lukewarm to crypto for the past six years omitting last year. Business(consumables) wise the last two months has been acting up a little. There were no clear positive gain from year to year. It was flush with inconsistency that you can see across the board.
This could be the reason we see July was on the positive while August did not bother to adjust. There were quite a few selloff that happen during that time where governments were selling crypto. I imagine the market responded to the situation. there were politicians talking about crypto. It seems the market knows too well, words do not always move the needle. Actions make more sense then.
So far there are four months we can act like wait and see. We can find the resistance and the set point to see the clear direction for crypto. Unfortunately we get the best news after it happens. No matter the direction crypto market is heading it will be hard for the population to know unless you make it your duty to watch it like a hawk. One thing is for sure do not expect anything going to zero anytime soon.
It was like yesterday everyone was anxious for $BTC halving. It was in April and the chart did not disappoint. May kind of relieves the pressure and life continues. These days crypto maturity changes the way past halving plays into the crypto world. Keep in mind it will play a role for the amount of crypto at the miner disposal. One thing I see happening often, dormant BTC holders are selling, moving their crypto. It shows another aspect with the price going forward.
I do not want to add inflation to the mix but it is real.
At first inflation is showing the demand is too much. In the long run it destroys the essence of saving if not control.
It affects newcomers to acquire crypto. Since it is a long term affair few folks have disposal income to try on crypto.
In the US it is around 2.89%. It means elsewhere it could be easily in double digits.
Inflation in itself tends to regulate and keep the market moving. Hopefully #FED will act to lower, giving a needed boost to the market. For crypto it is the other way around but it will be never be consistent.
For many $BTC is already out of reach. I do not think it is true. It may be harder to acquire one bitcoin but you may start your journey with satoshis. After watching and reading so much about crypto one truth remains steadfast, it is the future about money, asset, etc...
It is on your best interest to understand its use case. If September behaves like the past September this is golden to see how folks reacts. When everything is green you can hardly tell the situation. By now we all know what goes up must come down. Please reverse it and adjust it to make the DNA of financial system. This is why the experienced folks make money all the time in the market. As long you are dealing with transaction, you are in the money.
I am watching September carefully. I am planning my move and see where I can make a useful move. Sooner or later something will flinch giving the market a reason to act. Believe me September could the precipice of a great October. I hope it does not steal its thunder.
Keep in mind 2025 is around the corner. It is selection season. Hope you get it. Money is flowing everywhere. Investors are looking. So much is at play to think we can replicate last year green candles for 7 months till March this year.
Anything is possible when you are dealing with crypto. The best way to fully grasp the idea, be in crypto. Can't wait to see $100K/BTC. It will be a sign that fiat currencies are running out of the rest of its steam. It will be another sign where more and way more will decide it is the time to #HODL some crypto. What if September behaves just like August? It should be no surprise knowing October is around the corner. I take it as a reset button. Most importantly be involved and stay relevant.
