The last day of August had seen my portfolio peak at +12.1% of the original investment value and as the new month dawned I thought it would herald an increasing yield on my Crypto portfolio. Currencies were pretty much acting within their expecting parameters and I was trading as one could expect, buying at the lower end and then selling at the upper end. Just few days earlier I had made my first significant yield – rather than an incremental one – of more than 30% on one transaction. I congratulated myself and patted myself on the back for reading the market.

Then I went to bed and when I woke up the following morning my portfolio value was only +1.9%. Somehow without me looking 9% of my existing portfolio was gone.

Surely it is only a fluctuation I thought to myself. My resources were committed so I decided to hodl. It will bounce back – it has too.

Once the decision to hodl was made I held my nerve, expecting signs of recovery, at any moment as supply and demand forces came back into play. There were a few false dawns. This is it I thought… and all too frequently blogged… but it never was.

At worst my portfolio had shifted from being 112% if its original value to only 76% and one currency actually bottomed out even worse than I had predicted at 36% of what I had bought it for (COMPOUND).

What the hell had happened? Hell had happened.

Finally, I acted and moved almost all of my Crypto to staking, so at least it was earning something during this downturn. My portfolio still fluctuated wildly between 80 – 82% of its original value before a last day run that saw it settle around 84%.

Then I went to sleep and woke up this morning and it may be another false dawn, but there are some signs of growth. September is over and October is not only a new day, but a new month.

At the very least this month has taught me some valuable lessons but I am almost as pleased to see the back of September as I will be when a medical breakthrough (be it a vaccine or treatment) is made to halt the Corona rampage.

Goodbye and good riddance September 2020, a bad month in an already terrible year.