These dips are starting to get a little painful… Who could have seen this coming?!?
More seriously though, there are rumors going around that tomorrow will bring a surprise announcement to pump Bitcoin. Bitcoin finally being added to 401K plans (laws passed but not implemented yet) and a strategic Bitcoin reserve announcement seem to be the popular whispers.
Yeah, I'm starting to get concerned. Bitcoin is incredibly weak this year, not what I expected at all. Many of us are lucky we got in early and have managed to retire, make a great life via Bitcoin.
The current performance is doing nothing to attract newbies to the space though. Stocks and Gold making all time highs every second or third day. You can even get dividends with stocks. Bitcoin pretty much flat all year, floating around sideways/downwards.
September is the worst month for Bitcoin historically and Q4 in a bull run year (are we even in one) is supposed to be where the real gains come. Let’s hope Q4 treats us well, let’s just survive September and see where the last months of the year take us. I am not impressed though to be honest.
I share part of this concern.
Stocks and gold are at their repsective ATH, while corn is sluggish.
September is not particularly good at an historical level, but I fear a minor correction in the other markets can cause a knee-jerk reaction in out mutual orange friend.
Yet I am positive. Uptober is so close, after all.