Before we jump into the good stuff I am starting a podcast with a few NFT friends called Non-Refungible Podcast. We are going to talk about all things NFT as well as weekly news throughout the blockchain ecosystem. Looking forward to sharing some knowledge on a different platform for all of you ‘on the go’ people. You can find info on our website.
September is a bearish month for crypto. Historically it has the lowest percentage gain average of all months when tracking cryptocurrencies. This is also the second September since the 2020 halving, and if you weren’t here last September, it sucked. So everything this month is doom and gloom.
OR…
Since crypto takes a large dive during September, Let’s get a rundown, and you can look at this differently. To the charts!
Bitcoin
Out of the 8 September’s since 2013, 4 of them lead up to a parabolic move. Another 3 are in consolidation phases with no considerable gains or losses. On top of that, only one September was a negative return year over year (YoY) in 2014.
When we can break these YoY charts down by percentage, you can see that there is quite a track record with Bitcoin.
This is why you look at long-term positions with most of your investing capital and only use 3-5% of your portfolio on riskier trades and leverage. On September 7th, we saw 1.21 Billion in long positions get liquidated, which is saddening. Instead of trying to make quick money, focus on retaining the money that you do make.
So if you are looking to buy bitcoin and hold for a year, the odds of it ATLEAST keeping its value is happening 87.5% and 37.5% you are getting an average of 252% gains for holding a year. If you are new to crypto and have never taken the leap of faith, join the nation of El Salvador and buy some bitcoin. The odds for holding Bitcoin for a year are in your favor.
Ethereum
While this chart isn’t as in-depth since it started later than bitcoin, let’s see how ethereum performs YoY.
It may not appear as spectacular compared to Bitcoin, but a few top investors think that this is the bull run where Ethereum shines, as do I. One idea that stuck with me is from financial titan Raoul Pal:
We have similar action based on Metcalfe’s law (excellent clip with Bob Metcalfe himself), the theory of exponential growth of social networks. As more users enter the space, the more valuable the network becomes.
Especially with the growing popularity of NFTs (Non-Fungible Tokens) on the Ethereum network, user growth is increasing. NFTs are the union of culture and finance and can be seen as more fuel for the fire.
August Recap
I am introducing another feature to my monthly free round-up. I am now tracking 12,000 dollars invested month to month. I mentioned a few alts last month for growth here and saw it as an opportunity to track some alts for the ALT season:
Wallet holdings:
8 ALCX at $335 8/16 1.2% ⬆
97 SOL at $44.14 8/14 292.76% ⬆
1505 REN at $.5019 8/16 35.27% ⬆
50 LINK at $26.14 8/17 6.26% ⬆
70 SUSHI at $12.56 8/16 -9.47% ⬇
500 MATIC at $1.42 8/16 -6.57% ⬇
25 UNI at $26.27 8/18 -10.02% ⬇
Total invested $12,021 growth 101.3% ⬆
That’s all for the free weekly Crypto Crier. If you enjoyed this article, please like and share. If you have any questions, please leave a comment, and I can answer your questions further. As with all of my writing, this is not financial advice and is my opinion. I cannot stress enough how important it is to do your own research on all financial endeavors. I hope these newsletters can help investors realize the current financial systems’ downfalls and usher in a more equitable system without middlemen.
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