Goodbye Rektember, Hello Uptober
September is almost over, there are only a few hours left. Historically speaking September has been known as a red month, we've been warned about that countless times, so those who have been caught by surprise should have done their homework.
It's quite interesting how many funny things you see from the crypt world on social media platform. There's a whole new vocabulary and I'm not referring to trading words. These are funny words invented by the masses, like renaming the months according to what they give us.
Rektember
Surprisingly September for HIVE wasn't Rektember. HIVE had a green month, even though the real body of the candle is not big. HIVE price doubled this month, but unfortunately there was just a pump and dump as there was no volume to back it up.
Even though I'm happy with the result as going against the market, closing September with a green candle when almost, if not all the other assets are closing with a red candle is not something to neglect. HIVE is maturing slowly, starting to show it's real value.
Having three green candles in a row on a monthly is absolutely fantastic. We know a lot of liquidity has been taken off the exchanges lately, which is good news and I hope all that has been powered up and used for curation.
This is the monthly ETH chart and as you can see, the candle is red and it's three times bigger than the HIVE candle.
On a daily you can see we've had a few surprises that may have rekt a few accounts.
BTC is not any better as the monthly candle is red and small cap alts are even worse.
Knowing September most likely it's going to be red, I saw the opportunity to top up my bags and prepare for Q4.
As I've mentioned in my previous posts, I've set up my retirement funds, deciding to set aside $40 worth of BTC and/or ETH monthly, for rainy dais. This is my pension fund, therefore not tradable. You know the golden rule, which says don't trade your retirement funds. At the beginning when there were those tempting swings I was tempted to break the rule but time has shown me it would have been a mistake.
Now after three months I would not touch it for the world. Lesson learned the good way, without losing any of it. It's not difficult, you just have to stick to the rules set by others. Yes, it's like that even though sometimes you may not like it but it's better to learn from other people's mistake, rather than making your own mistakes.
September was a red month, so I was able to invest $61, of which 80% in ETH and 20% in BTC. I started this project in July, so it's been three months already and my funds are building up slowly. So far I'm at $191 and 53% is in BTC. I know, it doesn't add up as 3 months * $40 is only $120 but it doesn't hurt saving more, does it?
If we enter the last part of the bull run, which is expected to happen in Q4, I may have to change my strategy and instead of investing $40 monthly, I was thinking of taking profits in BTC and ETH. This could be a good strategy for the future, buying $40 worth of an asset and taking profit in BTC or ETH and transferring it all into my retirement account. If I do it correctly, I could earn more than what I could usually earn by staking.
I don't know about you but I'm pretty excited about Q4. Don't get me wrong, I'm not going to be a millionaire (not yet :P), but still I'm curious to see how this cycle will play out and how HIVE is going to react, tribe tokens as well. It's the first one for HIVE as the other one was on steem and steem is not doing so well. Although I have no interest in the old chain, nor am I holding any stake, I have checked the charts and ... oh boy! Nothing good to see there, which is not surprising. We knew this is going to happen when we shut the door on out way out.
So, what do you expect from Q4? Any prediction?
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