- September is typically a bad month
- Baakkt is not doing very well
- Its worth noting the cryptocurrency is still up about 127% on a year-to-date basis
Thoughts?
I think bitcoin is not affected by what month it is, but to pure market activity and also if compared to last year this month is the month where bitcoin rises rapidly.
When compared to last year's profit, it is clear that bitcoin is still a profit, but for some new adopters and new holders, it is undeniable that they are panicking with their assets.
Guys - chill out. BTC is still at 8K. It's not like it dropped down to 1K.
You can't say that because those who trade here they put their money to get profit instead of losing it so it goes down to 20% from 10k I think there are some people who feel lost and panicked that price can go down again and lose the chance to buy at a lower price later.