Sell in May and Go Away. What do you think? - page 4.

ivankoh

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Quote from: hector3115 on April 27, 2021, 08:59:39 AM

Selling now is not the best solution. Just wait. You don't lose anything.

Agree, Oh, I don't think selling in May would be reasonable and wise. Why in the long-term expansion trend when favorable conditions will help the market grow steadily. The two reasons I see and based on the recent loss diverted the market.
1. China has actively controlled the supply of electrical energy to mining camps in areas where it has claimed sovereignty.
2. New tax laws in the USA will have a psychological impact on large organizations and investors that will start to maintain their money in crypto for as long as possible. At least until they will change the new tax law to the white house parliament.

hector3115

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Selling now is not the best solution. Just wait. You don't lose anything.

TribalBob

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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

virtualdn

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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.

goinmerry

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No graphics nor charts of past performance can affect my strategy.

I will buy when I want. I will sell when I want. BTC price will hit new ATHs as the year progresses but I don't just want to hold. I'm not a person after all that can afford to sleep BTC for long.

"I need BTC to make another BTC" and that's the goal.

Sled

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Bitcoin- in bullish time

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.

elisabetheva

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Quote from: blckhawk on April 27, 2021, 06:07:46 AM

You do have a point, that is why the market was still unpredictable because there's a lot of factors that might happen and affect that cycle within those months. That is why I choose to ready all the time, I will sell and buy whenever time I want. I will not consider using that data and I will freely trade whenever I want depending on the current market trend but I'd say that could be pretty useful for some cases like ff you don't any plan what to do with your coins probably you could use it as a reference.

yes to determine I agree more with what we will do and the analysis that we make ourselves. so that also getting used to what we are going to do will be useful in the future. but not a blind eye to data information from other people but it should only be used as a reference, because we still need data information that may be good and build by considering what we have analyzed ourselves. although in the end all the decisions will happen from what we do is better.

isaac_clarke22

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Could be different at this point.
We're never sure of it. May last year, we had halving so it went green as well.
About post- May to October, it could be quite normal for it to be red because a lot of people would surely sell at that point due to holidays especially Christmas drawing near, but it won't happen all the time as well.
I can still recall when Bitcoin was bullish in 2017 and it was end of the year almost.

blckhawk

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Quote from: Yatsan on April 26, 2021, 06:05:05 PM

Even such data have been given by the OP through the picture provided, still I am not convince we scenarios are not that always constantly be happening over time for there might be external factors that may affect the sudden changes for we have already know what to expect when time comes. It will still be good to assess first the situation before coming up into a direct action and respond on what we can see and observe if what will be the best resort to do with the situation we have on hand. With that, I cannot barely say what will I do on the month of May. Let us just wait and see.

You do have a point, that is why the market was still unpredictable because there's a lot of factors that might happen and affect that cycle within those months. That is why I choose to ready all the time, I will sell and buy whenever time I want. I will not consider using that data and I will freely trade whenever I want depending on the current market trend but I'd say that could be pretty useful for some cases like ff you don't any plan what to do with your coins probably you could use it as a reference.

Qlimaxaz

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You don't have the section "neither". I want to go long with my bitcoins. I want to keep them in my wallet and watch them grow.
We are at the begging of a new era and I think it's obvious that BTC's are an important type of asset.

So, my opinion, keep them btc's; if you want to trade, trade smallcoins.

KryptoKings

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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

The problem with these price predictions is they never take into account the external environmental factors that can affect the price.
Let's say all of a sudden US government decides to ban BTC, this will crush the price of BTC to lowest level. Similarly if all government decided to accept BTC as legal tender, BTC will soar to highest level.
Never base your buy/sell decisions on these charts and prediction tables.

Rkss4

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Many people have given up bitcoin sales out of fear that the market is going down a bit at the present time but many people have started investing in bitcoin taking advantage of this opportunity. Let's say this gentleman didn't give a dollar sale to Elon Musk. Then why should I be afraid of you.

Congyang

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After seeing your picture, maybe I will try to sell 30% of my BTC assets and try to enjoy the profit. after the market goes down again I will buy BTC and wait for the price to go high. So I'll make good use of it in May.

TastyChillySauce00

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From the graphic it seems the red market distributed evenly and not necessarily gonna happen in may until october so I doubt its gonna be a good idea, not to mention the recent dump happens in april which means this year around red market gonna be counted in april and who knows in may till october there gonna be more bullrun than before. I'm pretty sure that this year the bullrun market gonna amounts more than the bearish considering all the things that have happened to crypto market such as institutional investors or even defi that makes people goes crazy.
I'd definitely prefer to hold it till the end of year like exactly what i'm doing right now, since many people also projected that the bullrun in the current time is just beginning.

davis196

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If you take a look at the graphic,you can see that May is probably the best month for Bitcoin,so the saying must be something like "Sell in June or July and go away." Grin

It seems like August and September are the worst months for Bitcoin.All the other months are pretty good.
However,such historical data can't be 100% accurate and cannot predict future price patterns.
I didn't know about this "sell in May and go away" tactic,when it comes to stock trading.
Bitcoin is way different than stocks.When it comes to BTC,the saying must be "Just HODL and forget about months and prices." Grin

cydrix

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If i would've that kind of money I would just put all my money in Bitcoin since the results over these past 3 years all of it's values seem to only rise year by year and taken into account if bitcoin drop down to 20k$ I would still but that kind of bargain and buy more and more if I have the money for it. It's just like a bank but it has more interest than comparing it to a bank many times over.

Lorence.xD

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Quote from: malikg18 on April 26, 2021, 11:55:23 PM

If anyone is in profit he can sell but selling in loss is not suitable.According to market history market still has to go rise up to end of this year.
Holding in good top coins is also the alternate option.

Just hodl if you won't get a substantial amount of profit when there is a big pump in prices. If you have a considerably decent amount then you will probably be good to go with selling for a profit.

malikg18

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If anyone is in profit he can sell but selling in loss is not suitable.According to market history market still has to go rise up to end of this year.
Holding in good top coins is also the alternate option.

btc-room101

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Quote from: slapper on April 26, 2021, 11:11:45 PM

IMO, this is a good indicator for people to maintain the balance and since the method is pointed out by investopedia, there must be a huge number of investors following this technique. Have you heard about self-esteem prophecy? When there are a large number of people who believe in a same prediction, it is likely to happen.

The majority here push the HODL narrative 24/7. Confirmation bias, they close their eyes and mind when BTC goes down, and yell at the moon when prices rises.

During a collapse, consensus of silence is demanded, otherwise you be a 'hater', so say the bitcoin cult

The cult leader Musk, just sold his stake, but its ok that he doesn't HODL. Why is that? Your supposed to HODL, not him. If HODL is such a good idea, then why did Musk sell? Why is it OK, for Musk to take profit, but not you?

Cults always do this the leader will tell you all to practice Chasity, and then the same leader will be having sex with every nubile in the cult.

Nothing is more powerful than being ostracized, here being called a 'hater'

KaliLinux

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I dont think I will allow any form of prediction to influence what my decision is about Hodling my Bitcoin. I understands that there are major price corrections in cryptocurrency market and my intention for my Bitcoin investment has been a long term one regardless of what the price is looking like in the immediate few months wouldn't matter because any thing/news can influence the price of Bitcoin for that month which might not truly represent what bitcoin is. I have a target and am willing to hodl till my target is met.

Topic: Sell in May and Go Away. What do you think? - page 4. (Read 947 times)