Bitcoin risks worst August since 2015 as hodlers brace for 'Septembear'

https://cointelegraph.com/news/bitco...for-septembear

BItcoin (BTC) is on track to see its worst August performance since the 2015 bear market — and next month may be even worse.

Data from on-chain analytics resource Coinglass shows that BTC/USD has not had an August this bad for seven years.

After two major BTC price comedowns in recent weeks, Bitcoin hodlers are understandably fearful — but historically, September has delivered even worse performance than August.

At $20,000, BTC/USD is down 14% this month, making this August the biggest loser since 2015, when the pair posted an 18.67% red monthly candle.

Subsequent years have proven that August can be a mixed bag when it comes to BTC price performance — in 2017, for example, the largest cryptocurrency gained over 65% in a bullish record.

One month which has left no one guessing when it comes to probable price direction, however, is September. Already famous as a "red" month for Bitcoin, average losses since Coinglass records began in 2013 have been almost 6%.

And buy :2 cents:

Bitcoin Falls Below $19K for the First Time In 2 Months

https://decrypt.co/109104/bitcoin-fa...me-in-2-months

‘Sell All Your Bitcoin’ Now—Serious Crypto Price Crash Warning Issued Ahead Of Game-Changing Ethereum Upgrade

https://www.forbes.com/sites/billyba...h=7cfea913f206

Bitcoin briefly drops to its lowest level in 3 months as risk assets continue to get crushed

https://www.cnbc.com/2022/09/19/bitc...t-crushed.html

Thanks for the reminder, buying low always better than buying high, especially with a scarce asset like Bitcoin :winkwink:

My Luna Classic still 5000% profit :)

Love to see when I have 6 digit assets, holding for years then next to it how much it currently worth in USD (and going down...)

Where is Franck anyway ??

List of top shitcoins:
- Dogecoin
- Cumrocket
- Shiba Inu
- Luna
- The Pound
- The Euro

You mean top from the bottom, do you?

I don't see any crash

I remember when crashing to $200 was "the end"

then crashing to $3000 was "the end"

and now crashing to $19000 is "the end"

Looking forward to the next "end" when we're crashing to $100,000

:1orglaugh

i lol at people thinking crypto is just the price of the L1

if you're actually involved in the industry then you would know how much is being developed beyond your wildest dreams....

...and no fuck your useless ass bitcoin...

Yup, payment rails made easy, faster & cheaper txns, incentivized renewables usage, technology & energy innovations, etc etc. Bitcoin is easily a top inventions/discoveries in our lifetime :thumbsup

I'm not selling.

Only people desperate for $ are selling right now

I am not desperate :Hollering

OK; but how does this do me good to buy now for the first time?
If I bought at $200/$3000, then I'd be great.
How does buying at 19k make sense now?

I need 3 times the investment to make real money, so waiting for it to go back to $60k seems unrealistic right now.

:2 cents:

Good question, people have a hard time understanding that their USD is losing value at a SUPER fast rate. Right now, it is hard to realize that in 10 years your $1000 will have the purchasing power of only $300 (or less). It takes education, learn what is money, what is purchasing power, what is happening with your countries fiat supply. Once you know and understand these topics you will realize that buying Bitcoin now, at ANY rate, is a good choice, not for now, not for next year, but for 5 or 10 years in future.

I know you're not desperate, but I also know you're smart enough to not be selling right now :winkwink:

If you are going to buy Bitcoin, you need to educate yourself first about all the factors that can affect the price, e.g. interest rates, macro outlook, Bitcoin fear and greed index etc etc.

It is only when you fully understand an asset that you should invest in it.

The other thing is Bitcoin is a high risk asset, and should probably only be a small proportion of your overall asset portfolio.

The days of getting rich just by buying Bitcoin are probably over, because you are no longer early to the party.

steady, at least not going down

Hodl!!!!!!!!

Slowly but it sink down

I'm still hodling. Now is a good time to buy because not many people are taking about it and last couple weeks people were freaking out but it seems stable at around 19k.

keep stacking!

all red today

Bitcoin fundamentals are stronger than ever.

FTX & the Sam Bankman-fried fiasco is what's fucking up the markets. Always the altcoins, ponzi's, unregistered securities that rekt the markets. Greed and centralization are human error, this has been the problem with 3AC, Luna, Celsius, Quadriga, Mtgox, and now FTT/FTX. Not sure how or why people never seem to learn.

Buy Bitcoin, withdraw to cold storage and HODL, all is well or will be well (on the long term) :winkwink:

http://marshallcf.com/wp-content/upl...h-of-a-Pin.jpg

Profits are only made when investments are sold.

Binance Is Strongly Leaning Toward Scrapping FTX Rescue Takeover After First Glance at Books