Sell in May and Go Away. What do you think? - page 2.

hazenyc

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Activity: 668

Merit: 257

Quote from: JohnBitCo on May 02, 2021, 05:57:39 AM

Quote from: janggernaut on April 26, 2021, 09:55:40 AM

I just found this when i tried to search more info about bitcoin earlier this day,

https://www.investopedia.com/terms/s/sell-in-may-and-go-away.asp

Quote

What Is "Sell in May and Go Away"?
"Sell in May and go away" is a well-known financial-world adage. It is based on the historical underperformance of some stocks in the "summery" six-month period commencing in May and ending in October, compared to the "wintery" six-month period from November to April. If an investor follows the this strategy, they would divest their equity holdings in May (or at least, the late spring) and invest again in November (or the mid-autumn).

I know that thread is talking about return of stock, not cryptocurrency, then i will show you this (bitcoin return on every month)

From this pic, we can take a conclusion if after May - Oct, bitcoin price seems more likely in "Red" instead of "Green". What do you think? Is this coincidence?

Vote the poll & give your reason.

Note : You can't edit your poll once it submitted

I don't believe in these old charts. These old pattern may not predict the correct future price actions. I think we will continue to see many more green months before we will enter in a bear market. Also this time the bear market may not be like -80% but may only be a 60% correction. We will wait and see how things unfold in coming months. Personally i have no plans to sell as yet.

These patterns also cannot take into account whether there is a new development on the horizon or not. Or any other eventualities. It is nice to look at the chart and maybe a little piece of information in overall considerations, but certainly not the criteria that determines my investment decisions.

JohnBitCo

sr. member

Activity: 2030

Merit: 356

Quote from: janggernaut on April 26, 2021, 09:55:40 AM

I just found this when i tried to search more info about bitcoin earlier this day,

https://www.investopedia.com/terms/s/sell-in-may-and-go-away.asp

Quote

What Is "Sell in May and Go Away"?
"Sell in May and go away" is a well-known financial-world adage. It is based on the historical underperformance of some stocks in the "summery" six-month period commencing in May and ending in October, compared to the "wintery" six-month period from November to April. If an investor follows the this strategy, they would divest their equity holdings in May (or at least, the late spring) and invest again in November (or the mid-autumn).

I know that thread is talking about return of stock, not cryptocurrency, then i will show you this (bitcoin return on every month)

From this pic, we can take a conclusion if after May - Oct, bitcoin price seems more likely in "Red" instead of "Green". What do you think? Is this coincidence?

Vote the poll & give your reason.

Note : You can't edit your poll once it submitted

I don't believe in these old charts. These old pattern may not predict the correct future price actions. I think we will continue to see many more green months before we will enter in a bear market. Also this time the bear market may not be like -80% but may only be a 60% correction. We will wait and see how things unfold in coming months. Personally i have no plans to sell as yet.

hazenyc

sr. member

Activity: 668

Merit: 257

Quote from: sapnu on May 01, 2021, 05:13:05 AM

Most of the time, it still depends on the investors on what they will do. They wouldn't mind listening to others perception on what's best to do. They observe themselves and rely on it depending on what kind of pattern is currently occuring in the market. Even though May has been rumored to be an unfortunate month for the market, it wouldn't be wise to stick to that culture because things changes over time. The bull run before is way more different to the bull run we are experiencing right now and the price change in the market is much more flexible and complex right now.

Investors, news, political developments. There might be events we don't know about yet, there certainly are events we have no idea about. It's not like checking out a mini map and make your decisions.

Trieteric

newbie

Activity: 13

Merit: 0

This doesn't apply!
Are just speculations made by someone bored. What it is based on, first of all?!?!?!?!?
Real data are on the market.
Anyway, good luck with that

janggernaut

legendary

Activity: 2394

Merit: 1131

Well just seeing the poll result and most of voters goes for keep buy more and HOLD. Question for those who voted that, how long you can HOLD your coin? 1 year? 2 year? 5 year? Forever? When it hit $100k? 200k? $1million? Most of you can say i would HOLD my bitcoin when it reach $100k, but you know what? Your emotion isn't goes like you want, when bitcoin hit $70k, $80k, or $90k, you could sell all of your coin because you are afraid what If bitcoin collapse again. That's the fact

Keep HOLD, but until when?

Streets 2.0

full member

Activity: 490

Merit: 101

FRX: Ferocious Alpha

I believe in long term investment and don't think it's worth looking at the price every day. If you have once decided something and have chosen a strategy of preservation, then just stick to it, regardless of what is happening in the markets. If you react every time to a fall or rise, you will hardly be able to sleep peacefully and really earn a lot. Although I may be wrong, everyone decides for himself.

Kez1817

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www.cd3d.app

As I saw the chart, it seems every months has a different situation. So, I think the month of May- Oct of this year 2021 will still profitable and in a green color which is good to sell if you want or just keep it and hold to wait for another ATH. If you sell don't go away, instead wait the dump and buy again more bitcoins and altcoins. Investing in crypto is to risky but profitable.

Peanutswar

legendary

Activity: 1708

Merit: 1280

Top Crypto Casino

I saw this chart already and I've tried to check the previous months it's happening and base on my experience too but from the previous year March is one of the most read trends in the bitcoin so this year I expect to fall down but right now we are on the mark of another attempt of the Bitcoin.

We are talking about the strong hands here so only the one who survives the market downtrend are the ones who can get a huge amount of profit.

We all already holding a lot of times so why run away because of this bearish market.

bitterguy28

full member

Activity: 2170

Merit: 182

“FRX: Ferocious Alpha”

Quote from: janggernaut on April 26, 2021, 09:55:40 AM

I just found this when i tried to search more info about bitcoin earlier this day,

https://www.investopedia.com/terms/s/sell-in-may-and-go-away.asp

Quote

What Is "Sell in May and Go Away"?
"Sell in May and go away" is a well-known financial-world adage. It is based on the historical underperformance of some stocks in the "summery" six-month period commencing in May and ending in October, compared to the "wintery" six-month period from November to April. If an investor follows the this strategy, they would divest their equity holdings in May (or at least, the late spring) and invest again in November (or the mid-autumn).

I know that thread is talking about return of stock, not cryptocurrency, then i will show you this (bitcoin return on every month)

From this pic, we can take a conclusion if after May - Oct, bitcoin price seems more likely in "Red" instead of "Green". What do you think? Is this coincidence?

Vote the poll & give your reason.

Note : You can't edit your poll once it submitted

No plan of running away and even no plans of selling , this is the risk choose so this is the risk i will survive.

All my coins are now ready for LONG HOLDING , this is my decision and i know there are many of them that will follow and sustain.

Zanab247

full member

Activity: 1358

Merit: 207

Catalog Websites

Since the price of bitcoin is no longer stable as before, it is better to buy more of BTC and hold for the future. The way i understood this season we are now, is to buy BTC and hold because before next 3 months Bitcoin will surely hit $60k again. This is the time to study the market price very well before you take your final decision to sell your coins or not to sell than to hold for the market to look good in the future.
If you have the money, is good to buy more BTC and hold great reward.

Bilgent

member

Activity: 518

Merit: 13

All I see in that chart is that the situation is not the same for every month. In some of them, things seem really bad but it is the opposite in the months left. So I think that it could be really just a coincidence.

Coin_trader

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Leading Crypto Sports Betting & Casino Platform

Quote from: jesselui on May 01, 2021, 04:49:14 AM

People want money towards summer. In my opinion, they invest more in winter. Therefore, a decrease is expected as the summer months approach. It may be a logical comment, but it is not always what it is thought to be.

It's different on crypto. Once bull run start at any point of the year. It will continue the cycle until it become overbought or no fresh money entering. The normal economic calendar is not applicable in crypto. Sometimes it work but most of the time it didn't since crypto market can be manipulated by a news.

sapnu

sr. member

Activity: 1050

Merit: 286

Most of the time, it still depends on the investors on what they will do. They wouldn't mind listening to others perception on what's best to do. They observe themselves and rely on it depending on what kind of pattern is currently occuring in the market. Even though May has been rumored to be an unfortunate month for the market, it wouldn't be wise to stick to that culture because things changes over time. The bull run before is way more different to the bull run we are experiencing right now and the price change in the market is much more flexible and complex right now.

jesselui

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Activity: 854

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Trident Protocol | Simple «buy-hold-earn» system!

People want money towards summer. In my opinion, they invest more in winter. Therefore, a decrease is expected as the summer months approach. It may be a logical comment, but it is not always what it is thought to be.

Obito

sr. member

Activity: 1274

Merit: 293

Quote from: ice18 on May 01, 2021, 12:36:57 AM

I dont have any plans to buy more btc because Im into alts but what I suggest to holders who bought last year then its a good time to take 50% profit and hodl the remaining we never know how this market movements in the next few months it can pump more and it can follow the previous chart like posted in the OP.

Good for you to move to alts, you probably have a good amount of funds to have your focus redirected on alts instead of bitcoin. I don't advice going for a 50% of their bitcoin being sold because it is a lot and a pump might happen and that person who sold his/her 50% might miss out on bigger profits.

MinoRaiola

legendary

Activity: 2310

Merit: 1848

Quote from: NeverSop on April 30, 2021, 11:03:38 PM

Selling at this point, even without a new ATH, would be a waste.
Vote: Buy & Hold

The signs look positive and the community is getting stronger day by day. The drops of the last time are simply put away and the run continues. Many expect big things this year and i believe in it too. As I said, pay attention to the signs / acceptance of people and institutions. The ATH is sure to come, the only question is when.

ice18

hero member

Activity: 2492

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I dont have any plans to buy more btc because Im into alts but what I suggest to holders who bought last year then its a good time to take 50% profit and hodl the remaining we never know how this market movements in the next few months it can pump more and it can follow the previous chart like posted in the OP.

NeverSop

member

Activity: 518

Merit: 11

HODL

Quote from: giantrobot on April 28, 2021, 03:36:49 AM

May is the time of summer vacation! I need money to travel with my family after hard working days. I hope Bitcoin will get high in May and I will sell your Bitcoin half to get money spending. Really economy I was still difficult. But I still retain Bitcoin and continue to invest when you have a chance.

You already have a chance to sell at this point. The market has risen sharply today. It is the decision DYOR belongs to you. But I think that the market will continue to grow and maintain a steady value balance in the long term. Selling at this point, even without a new ATH, would be a waste.

Vote: Buy & Hold

rodskee

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Activity: 2520

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Quote from: janggernaut on April 26, 2021, 09:55:40 AM

I just found this when i tried to search more info about bitcoin earlier this day,

https://www.investopedia.com/terms/s/sell-in-may-and-go-away.asp

Quote

What Is "Sell in May and Go Away"?
"Sell in May and go away" is a well-known financial-world adage. It is based on the historical underperformance of some stocks in the "summery" six-month period commencing in May and ending in October, compared to the "wintery" six-month period from November to April. If an investor follows the this strategy, they would divest their equity holdings in May (or at least, the late spring) and invest again in November (or the mid-autumn).

I know that thread is talking about return of stock, not cryptocurrency, then i will show you this (bitcoin return on every month)

From this pic, we can take a conclusion if after May - Oct, bitcoin price seems more likely in "Red" instead of "Green". What do you think? Is this coincidence?

Vote the poll & give your reason.

Note : You can't edit your poll once it submitted

I'm buying more when this comes because i have enough profit since last year so practically i am in the HODL period now and if May-oct will be the Burden months for Weak investors >? then this is our lucky days as Holders.
We will take advantage of the panicking from others , they sell the price drops and we buy thats the cycle.

Kong Hey Pakboy

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Quote from: Ausgewielt on April 30, 2021, 09:32:06 PM

Actually I sold all of my BTC few weeks ago although I didn't get maximum profit from this bullish market trend but I feel so thankful. If the price fall in may then I will buy more bitcoin. This time it is very hard for me to make decisions in trading, so many unpredictable sentiments that came. I still analyze the price chart.

You did profit out of it, that's what matters albeit not the maximum profit. Next time, you have to leave some bitcoin so you won't be zeroed out when the prices continues to go up. Remember that FOMO is a real thing.

Topic: Sell in May and Go Away. What do you think? - page 2. (Read 947 times)