Sell in May and Go Away. What do you think? - page 3.

Shasha80

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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.

Your decision to sell your Bitcoin is not a bad thing, because you can buy back Bitcoin if it is true after May the price of Bitcoin goes down.
Although it is actually more profitable if you don't sell your Bitcoin and buy more Bitcoin when the price drops. That way when the Bitcoin
price rises at the end of the year and manages to reach the price of $ 100k, the profit you make is much bigger. But you already sold your
Bitcoin a few weeks ago, so it's too late if you really want to follow my advice. Now all you have to do is hope the Bitcoin price drops after May,
so you can buy Bitcoin again at a low price.

Ausgewielt

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Activity: 453

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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.

tanjiran

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Basically, I am not a holder, so I make the decision to buy or sell at any time, depending on market conditions. Moreover, the market is very conducive at this time, I prefer not to profit slightly but sustainably.
yes, everyone's principles must be different, they cannot be enforced because it depends on the comfort and ability of each of them in risk management.

Hippocrypto

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Quote from: Luqman on April 29, 2021, 05:57:38 PM

What I will do with my Bitcoin in the next month, depends on the situation of the Bitcoin market. If Bitcoin price can go up about $65K -$70K, I will sell half of my Bitcoin. But if the price still below $65K or even below $60K, I won't sell my Bitcoin and continue holding. I will focus to trade on altcoins because altcoins are growing quickly lately.

The next target is at $70k as most people said on different discussions, but it has doubts with others who've been losing trust after all good performance of btc. Same with your principles, I am keeping my bitcoins safer if I would have enough holdings. Altcoins, maybe selling those non productive asset could be my last options in May, because unpredictable situations always tend to change from time to time and it's beyond our control.

Luqman

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What I will do with my Bitcoin in the next month, depends on the situation of the Bitcoin market. If Bitcoin price can go up about $65K -$70K, I will sell half of my Bitcoin. But if the price still below $65K or even below $60K, I won't sell my Bitcoin and continue holding. I will focus to trade on altcoins because altcoins are growing quickly lately.

Silberman

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Quote from: Sled on April 27, 2021, 07:26:55 AM

If we believe about history repeats itself and think about this year will be the same as last 2018, it gonna be alarming seeing that the market is red as it enters the 3rd quarter.

Maybe, we couldn't ignore these things but I keep myself believing that 2021 is far different from the previous years. Dumps and market corrections are inevitable that we need to be prepared for but not a thing we have to worry about. But in some other way also, selling could be possible (for me) if it is necessary.

I think we may see a repetition on how long this cycle will last but I do not think we are going to see a repetition of the crash that we saw back then, we must recognize that people got too excited with icos back then and people thought that this market could take over the world very easily and we learned a very hard lesson, things are different now, we have the support from institutional investors and we also have matured and now we know it is going to take a long time for bitcoin to reach its goals so I do not expect a crash as big at the end of the year.

hazenyc

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Quote from: tbterryboy on April 28, 2021, 01:15:37 PM

From the image you have posted we can see that May isn’t really a bad month when it comes to bitcoin or should I say bitcoin?. But if I am going to be selling I don’t think it’s going to be all my bitcoin assets that I am going to sell, I might leave some of them, but it all depends on the situation I see the market at that time, that’s what is going to help me decide the next step to take.

As for the options of selling my altcoins to buy bitcoin, nah, I am not going to do that. This is starting to seem to me like it’s the time for altcoins, because my alts has been increasing in value a lot lately, while my bitcoin is kind of at the same point or sometimes there will be little decrease in value when the price moves to below $50k.

Right May isn't a bad month, but moving forward from end of May on the outlook becomes worse with every months passing by. That is why it was said sell in May (end*) and go away. As I said before, I wouldn't simply follow a graphical pattern, but rather listen to what is going on and whether the hype continues, what kind of developments are about to be finished and so on.

Alisha-k

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From the stat Bitcoin drops basically during March and September but for 2021 Bitcoin was bullish although March and the early weeks of April. We will still keep our fingers crossed anticipating for what the trend would be for the rest of the year

Dewi Aries

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I pick for don't care because i don't have much coin, even less than 0.005BTC , can't buy more maybe only hold it until know what price it will be. About sell in May, i think i will follow the stream because i can't analyze anything and just let it flow. But no matter what happen next, i will hold my coins.

tbterryboy

sr. member

Activity: 2030

Merit: 323

From the image you have posted we can see that May isn’t really a bad month when it comes to bitcoin or should I say bitcoin?. But if I am going to be selling I don’t think it’s going to be all my bitcoin assets that I am going to sell, I might leave some of them, but it all depends on the situation I see the market at that time, that’s what is going to help me decide the next step to take.

As for the options of selling my altcoins to buy bitcoin, nah, I am not going to do that. This is starting to seem to me like it’s the time for altcoins, because my alts has been increasing in value a lot lately, while my bitcoin is kind of at the same point or sometimes there will be little decrease in value when the price moves to below $50k.

mbe48

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Activity: 994

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I have confirmed, I will keep assets for the long term. To restore the state of my assets that I had sold when BTC reached ATH. The thing I will do while waiting is to increase my BTC assets by buying them when they are cheap. Remember the BTC price history that has occurred, the price down is a correction.

cheezcarls

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It depends on your instincts. If you are a true believer of Bitcoin, of course you can hold it long term. However, if you are just after some short term profits and buy back when it gets lower, that’s okay as well. No advice here is perfect, because anything could happen and the market is so unpredictable. The final decision will be on your own instincts, and always acknowledge the risks.

hazenyc

sr. member

Activity: 668

Merit: 257

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 am not a friend of history repeats all the time. Everyone thought some must sell in order to pay their taxes, but as we can see this bull run is so strong that nobody can anticipate how precisely your graphic applies. Selling it all and walking away would make me nervous.

Kelvinid

sr. member

Activity: 2828

Merit: 344

win lambo...

I sell but not to Go Away, instead I'm preparing my bag to fill-in when bearish has to come.

However, it was your choice either. Selling it was an option, if that could give us the profit, why not? Because for me, Holding isn't a wisest thing to do during the peak season. Of course, I do sell some of my Bitcoin to secure my funds and sooner I'll be buying again depending on the market status.

giantrobot

full member

Activity: 564

Merit: 100

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

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.

Anonylz

hero member

Activity: 2562

Merit: 577

Quote from: virtualdn on April 27, 2021, 08:02:57 AM

Of course you are free to do it but always remember that Bitcoin is long term, so don't come here later and cry when BTC will reach new heights.

I'd never sell all BTC that would be an insane move. I'd probably sell 20% at a certain time but still have no idea when this will happen.

Couldn't agree more, everyone is just anxious about what could happen in May and post May, what about if this time things play out differently, no repetition of history and there was no huge market dip as almost everyone is anticipating! Those who sell will probably struggling to buy back at higher price,

I think selling few percent makes more sense than selling it all and buy back higher if things don't go as expected, am not sure what am going to do yet, I guess when the time comes I'll figure it out.

jasonjm

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Well, that is your choice to sell your coins in May. In my opinion it is beneficial to hold Bitcoin for long term as bullish trends are still strong and price might go past $70k in coming month. ROI in crypto is higher than any other form of investment.

amihada

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I can't read the chart, I know when the price of my coin is high then I sell it but if my coin is red I hold it and I wait until my coin is expensive again then I sell it.

NelfiNovita

full member

Activity: 640

Merit: 104

this year we see the growth of bitcoin which is very different from previous years, the price of bitcoin is more likely to go up and experience a slight decline. I saw information about bitcoin today that bitcoin will continue to rise in the next few months because investors started buying bitcoin with the recognition that Elon Musk did not sell bitcoin, in the last 2 days the price of bitcoin rose again by 9.1%.
I think don't sell your bitcoins and it's better to hold them in the long run to get bigger profits.

Pamadar

legendary

Activity: 2982

Merit: 1028

Quote from: TribalBob on April 27, 2021, 08:03:56 AM

I will sell my BTC at the end of this April because in May I really need a lot of money so it's not wrong if I sell 50% of my wallet for my needs, if there is an opportunity by looking at the table you provided in May there will be a price graph going down then that is opportunity to buy altcoins first if there is no capital for buy btc again

I go with your idea, when you need the money there's nothing wrong to sell your asset.

It's more important to take care of your things and if given a chance to reinvest then using alt instead of going directly with bitcoin is also
good, you'll be able to buy more alt than buying portions of bitcoin, though everything still depends from how you understand and how you trust the project that you chose to divert your investment.

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