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TL;DR
Right this moment’s theme: “Issues might, and actually ought to, be worse.”
September is often a very unhealthy month for markets. A lot in order that it’s earned the nickname ‘Rektember.’
However Bitcoin didn’t drop this previous month. In truth, it went up 4%! Making this probably the most profitable September since 2016.
Full Story
Rightio then – time for our bi-weekly (ish) verify in with Bitcoin.
Right this moment’s theme:
“Issues might, and actually ought to, be worse.”
What does that imply? Enable us to reply your query with one other query:
Has your laptop computer ever died on you, then rapidly began working once more 24hrs later?
When it comes again to life, the aid you’re feeling figuring out that you simply gained’t should shell out $1k+ for a substitute makes you’re feeling such as you’re a thousand {dollars} richer.
…though nothing has really modified.
That’s the vitality Bitcoin has been holding this previous month!
We talked about it the opposite week, nevertheless it bears repeating: September is often a very unhealthy month for markets.
A lot in order that it’s earned the nickname ‘Rektember.’
And seeings as we’re in the course of a bear market – it goes to determine that this Rektember ought to have lived as much as its identify.
However Bitcoin didn’t drop this previous month.
In truth, it went up 4%! Making this probably the most profitable September since 2016.
Is that this a pivotal ‘We’re SO again!’ market shift? No, sadly not.
…however issues might, and actually ought to, be worse.
And it’s giving us that ‘no want for a brand new laptop computer’ feeling.
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