Let's hope I am way outside the line for crypto sphere this month. Since 2013 September is a downer for crypto in general. That quick drop of 10% three days ago is like a slapsh of cold water early morning. Everything has been moving so slow, I may say everything is making sure it does not give away an inch. Daily volume for the market cap has been way high. Roaming around $150+ billion. There was a dip that same day. Since then altcoins are having a party while #BTC, ETH, ADA are taking it slow.
Volatility is getting a bad wrap these days. Crypto currency marched hands on hands with reality check. It has been 10 days for this month and the situation seems stable going forward. I have a feeling crypto will end the month barely into the positive compare to August. It has been done before. September is not that gloomy after all.
No need to associate El Salvador with #BTC slowing down. Other cases did happen on that day pertaining to the drop. The miners could be part of the supply overflow and the market capsized. So far so good for the bull. Time to rest and rewind energy for the rest of the year. While this is happening, quite a few altcoins are building modest momentum this month. #Solana is one with great stride. At one time $200 was no joke. #Algorand did amass more than 70% pushing the price around $2.
Tezos is another one that I am watching clinching $6 mark.
So it is not all said and pessimism for September. It is just part of the cycle well documented for the past 8 years. A red month is an opportunity moment. This could be the reason many in the community powered down in order to purchase on the other side. At some time everything will slide down this month. Again it is just how valuation works. Sometimes it goes way up and slowly coming down or coming down faster than before.
Hive is holding up just fine. I checked earlier, the daily volume is exactly where it is usually, the Hive/KRW was an outlier for the daily exchange. If BTC is moving sideways, expect the whole market to react and adjust. This is why holding crypto alone will not make sense going forward. You need to be active just like the market. Put your crypto to work for you. DEFI is one place you can do so. Staking is another viable way to earn on your balance. That way it will be easier to understand the behavior of a month like September.
2022 expect the same move by September. It could be a market effect going forward.
There are two full business week for this month. Even though EL Salvador should not weight more in the balance, the objective sets in place will help crypto in general. When everything is down, great moment to capture the dip in order to make some profit for the rest of the year.
Emotion is playing big right now. Weak hands are in disarray.
Along the way things will be positioned for diamond hand to take a stand.
Keep vesting in yourself
