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Helloooooo out there in the world of Crypto!
My name is Trevor and today we look at another edition to Bitcoin's Historical Monthly Chart for September 1st, 2022!
If you are looking at this chart for the first time and are a little bit confused, do not worry.
For a better understanding of what we are looking at here with Bitcoin's price.
Make sure you check out the video or the article below for a more detailed explanation.
https://www.publish0x.com/trevor-balthrop/bitcoins-historical-monthly-chart-explained-xpplynr
https://youtu.be/8OrOJsz4etg
The price of Bitcoin this month has open at a price of about $20,024 USD to kick off the month of September.
Last month we opened at a price of a little over $23k USD which means this month closed Red on the chart!
This adds yet another brutal month for the markets as people continue through these Bearish times.
In a bear market of course we should not be surprised at all to see weeks and months closing on the downside of things.
If you're able to re-wire your brain in this manner, you can see right through it and realize that these are times of HUMONGOUS opportunity!
As they say, buy low, sell high and according to the charts the overall consensus is prices are extremely low.
Anyone willing to put in the extra hard work during terrible times like these, is only doing themselves a future favor!
Work through it and stay dedicated to investing because in years from now you will be thanking yourself that you did.
But just how much worse can things possibly get right now?
That's the real question on everyone's mind as fear overrides the mark sentiment.
We have had over 9 months of serious downside from all time highs of the Bull Market into what is now a long cold crypto winter.
Last time we made a post back in April it was just before the downward spiral led by the whole LUNA debacle.
In addition this, the war in Ukraine has continued to exacerbate things keeping pressure down on the markets while the war machines profit off of blood money.
Being ultra realistic here and not meaning to FUD, we have seen tensions continue to rise between China and Taiwan.
Something happening on that scale would absolutely have a huge devastating effect on markets right now especially speculative assets such as cryptocurrency.
In other words, we are preparing for the possibility of a Ukraine 2.0 type scenario to occur if China and Taiwan get into a scuffle.
The effect this has on investors is obviously a very chilling one.
Waiting for it to happen or not happen is not as equally chilling but it certainly doesn't help investor confidence at all.
Those with the biggest amount of riches will not want to risk finding out the hard way making them stall even longer.
So just like them, the only thing on our side right now is time.
And it could be a looooooooooong time before confidence makes its way back into global markets everywhere.
People have been brutalized by the effects of the COVID-19 crisis and its aftermath.
Job numbers mixed with inflation have given a grim forecast and the Fed's plan to hike interest rates aggressively while the housing market collapses is creating a recipe for disaster.
What is that recipe creating exactly?
Global recession...
Numbers don't lie and technically speaking we are already in a global recession despite what the news outlets and governments tell people.
The pain has been brought and the effects of everything going on are definitely being felt by even by some of those at the top.
Although the ones who it effects the hardest are those at the bottom sadly.
So what about Bitcoin?
What about it?
The last thing on many people's minds right now is throwing what little money they have into something that could potentially drop another 50%+
However! If you're willing to put in only what you can afford to lose and can hodl through these tough times the next 4 years.
There will likely be no other time in history as sweet as this to get started into building live changing wealth.
In the short-term Bitcoin might be too stagnant and volatile for a lot of people to consider.
Yet rewiring your brain to look at this once in a lifetime opportunity as a time for you to work harder than you've ever worked before?
There is no doubt in my mind that as the world figures out how to get back on its feet, you will get back on yours too and be ready to jump ahead of those that hit the snooze button.
Stay safe out there Bitcoin Fam, thank you tons for reading and I hope force yourselves to have another BEAUTIFUL day in Crypto!
This is Trevor's signature
and article!
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www.TrevorBalthrop.com
