Post
Topic
Board Speculation (Altcoins)
Re: September didn't follow its bear cycle
by
Kelvinid
on 06/10/2023, 09:16:57 UTC
Going back a full month, in late August or early September, many people on several site and on the cryptocurrency Twitter were suddenly very vocal in saying that September was bound to be bearish for Bitcoin because the previous two had seen significant dips and because September is simply historically one of the worst performing months for cryptocurrency.

Well, some people did it but not me. These are some reasons I see, we haven't heard of huge scams and hacking incidents in big exchanges nor have we heard of another big issue against the SEC. This has a significant impact on the investors who feel that the market is good and reliable which leads them to buy more.

This will eventually tell us that sometimes history never repeats itself and has no assurance at all. Plus, the volatility of the market makes things and the upcoming trend become unpredictable.