So far this year crypto has been fair really well.
More and more people are connected with crypto and institutions are reaping the reward eye closed.
Regulation has been promising with the help of Genius act.
We see progress where there was a lack of direction before hand.
For many Crypto is the way to go.
The freedom we need to help the masses.
For the past couple of years, October has been pretty stable for crypto.
Even this one started pretty strong before nosediving recklessly.
It seems all gains to $200k this year all gone.
2018 was the last year October was awful.
Actually the whole year was a cascade to admire and here we are trying to put a damp into crypto this year.
From 2018 to this October a lot did happen to crypto.
Many folks today are most likely new to this sphere.
If you recall one $BTC cost around $6k+ that time.
I mean it is mind boggling to think and find and explanation for the price today.
So just hodling one BTC then till today, you will be up more than $100k.
It is merely seven years.
I can't wait to see the true value of crypto within the next seven years.
The expectation for any asset should be, less risk and consistent appreciation in value.
I have to say #BTC offers this quality hands down.
The minute it passes $100k it seems strong to remain there and never to go down this resistance.
It is hard to move forward when volatility is crypto best ally.
Lately it is less violent than before.
I think that is a good aspect many should accept.
There are always events associated with crypto rise. Each year manifests this moment with something that triggers the market. If you recall the #ETF from 2023, it propels Bitcoin all the way through 2024. You can add a lot to the market that can help an asset to move positively each quarter. This year looks positive as a whole but this October fell at a moment where everything looks good on paper, but reality bites. crypto works well with over-leveraging. This minute there is a crack everything will fall like a jenga.
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The future market plays a role that always messes every thing for everyone.
I mean a little swing may not hurt much.
The minute that swing starts closing traders, the price has to give in to absorb the momentum.
This time it was different and it triggers a fear that almost plunge Bitcoin pass $100k.
This October does not help in the short run.
Hope you did not sell during this brouhaha.
Many should do like #Saylor, to buy not sell this.
Many will forgo this hiccup.
In two days everyone will start thinking about something else.
Make sure you are ready to make a move.
Let me say that November and December should trend differently.
This drag is part of the game where tariffs, debts, government closure, China, rare earth, and more you want to add may entrench how BTC will behave.
Hopefully by next year BTC will reach $200k where October will be a month like regular.