The crypto market's dip in September was not unexpected, owing to the fact that it was not as drastic as many had predicted. Over 70%, if not more, expected this month to bleed heavily, and while it has, I believe the overexpectations have served as a cushion or shock absorber, and we are no longer surprised.
However, keep in mind that there are still 13 days left, which is plenty of time for BTC to fall to 50k or even lower. A lot of things are still going to happen, such as the proposed interest rate, some massive selloffs, the possibility that retail will sell off more of their inventory, and the general buzz about who will become President of the United States.
There are many factors to consider as we approach October, but there is still plenty of time before the end of September.
Many people are now counting the days until Q4 and the end of the year, with no plan for what they will do in the meantime. It is fairly typical.
I mean, in 2021, there was so much money in the market that even the worst coin was pumping, and people were tempted to invest in bogus projects while waiting for them to do a potential X100. Most people were gambling because they had so much money to spend.
This Project On Hive
I remember this particular Hive project that launched; they wanted to capitalize on Splinterland's success, and guess what? Everyone participated and spent a lot of money on it.
Some people invested 1000 HBD, while others invested up to 15000 HBD, hoping to multiply or tenfold their money, but this project lacked a solid framework, a backbone, and a plan, but no one noticed because people were making so much money and could afford to take uncalculated profits.
I am not clean; I rode the wave by putting in 100 HBD, but that was the amount I was willing to lose, and I was not greedy. Eventually, we all lost our investments. 90%, if not more, of people lost money, and the number was likely even higher for those who gambled their savings in the hopes of retiring after the 2021 bull run.
Most likely, they did not retire as planned, demonstrating how dangerous the bull market can be. Many people believe that the bear market is bad; however, this is not true. The bear market allows you to function like an ordinary human being. There will be no excessive risk (you cannot afford it), and no irrational decisions.
If that project had launched today, it would most likely have received a lot of downvotes and been kicked off the chain, but it was launched when people were high on the massive profits they were sitting on.
Many people learned the hard way, including the OGs who lost a lot of money.
Amateurs Made Profit
I made a profit as well, but I did not lose my bag because I was greedy; I lost because I did not understand how the market cycle works, which I believe I can forgive myself for.
When the market is rising, people are willing to take risks, but when it falls, they are afraid. Originally, it should have been the other way around, but we are humans, and when it comes to crypto, we often do the opposite.
2025 Bull Cycle
The 2025 bull cycle is almost upon us, and we still have no idea what to expect. I will tell you this: the majority of the dead coins you are holding will moon. Everything you touch will turn into profit, and the majority of your investment decisions will work like magic, resulting in massive figures on your screen. I want you to know that you are not a guru; the market simply pumps anything that comes along when the time is right.
However, I will not say that everything is set in stone. History may not repeat itself, and the chances are slim, but even the smallest odds are still odds. It would be FUD to say there would not be a moon in this market cycle; everything looks terrible at the moment, and most of the time we are just tempted to think like this; it is not FUD; it is just how we think when everything is red and everywhere is bleeding (although the market is green today in some places), so your skepticism is not unfounded.
Nonetheless, if the market goes parabolic, remember that you saw this in 2021 and try to be disciplined; now that you understand how the market works, you can work on your greed. Working on your greed will solve half of your problem, and if you still lose your discipline, remember to write everything down in a note. The market takes more than it gives from those who never learn. Do not invest at the market's peak; most of these projects will not survive the next cycle.
Interested in some more of my works
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