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Topic: Sell in May and Go Away. What do you think? - page 6. (Read 947 times)

sr. member
Activity: 1150
Merit: 260
☆Gaget-Pack☆
In fact, none of the votes above suit my heart but if this is true I will keep my coins that I have collected for a long time besides that if the price continues to decline, this is actually a very good opportunity for those who have funds to increase their wealth assets. because this is not talking about a day or two. hodlers are always a winner and it will stay that way. people who buy now and sell tomorrow cannot serve as the benchmark for this kind of thing. which I believe maybe currently bitcoin is undergoing a correction but this is very natural that in the crypto world it cannot be taken seriously so you have to sell all existing assets

Were you lucky enough to get in the first bounty campaign brother? If so it was a blessing in disguise(whether or not you religious, no disrespect). I'm not entirely sure if similar projects exist on the Bitcoin networks but if not, this would mean that Sovryn is the first of it's kind on the platform. The way I see it, I was picking up the same vibes I got from Uniswap, so I dived in. Didn't want to promote a scam or anything so I handled my Due diligence first and did some research and found out the POMP (Anthony Pompliano) himself was investing directly within the project.
sr. member
Activity: 854
Merit: 252
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In fact, none of the votes above suit my heart but if this is true I will keep my coins that I have collected for a long time besides that if the price continues to decline, this is actually a very good opportunity for those who have funds to increase their wealth assets. because this is not talking about a day or two. hodlers are always a winner and it will stay that way. people who buy now and sell tomorrow cannot serve as the benchmark for this kind of thing. which I believe maybe currently bitcoin is undergoing a correction but this is very natural that in the crypto world it cannot be taken seriously so you have to sell all existing assets
sr. member
Activity: 1150
Merit: 260
☆Gaget-Pack☆
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
It makes sense from a sentimental analysis point of view. May is when spring is within full bloom, right before the beginning of the summer hits. The only big money making event that really happens in-between May & October is the Independence Day 4th of July event in the states whereas every consumer is pretty much preparing for all of the following festivities like concerts, picnics, backyard barbecues , fireworks, amusement parks, etc. Lot's of Big shopping happening around then. November is where the big pick up is. Thanksgiving leads directly into Christmas, which equals a lot of money flowing everywhere  and every which way you can think. Best time to probably buy in, logically.
  Spring is probably where the profits are ripe and signs of a bear are on the horizon. whereas November is where you could catch the bounce before it bulls. Thus, the cycle continues  Tongue
legendary
Activity: 3668
Merit: 6382
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Vote the poll & give your reason.

You don't have the option "neither/other", so I didn't vote.
Since I'm not one of those that sell today and buy back tomorrow, I may sell, depending on the price and my needs, some sats here and there, but I'll mostly wait until 100k EUR/BTC.
I think that a HODL without sell and also without buy is closest to what I'll do, but that option also doesn't exist.


All in all it looks more an attempt to influence some than an actual poll...
legendary
Activity: 1372
Merit: 2017
What I believe is that this type of reasoning is a garbage inductive reasoning if we do not take into account other factors. Relying on the short history of Bitcoin, divided into months, to be able to predict what is going to be able to happen in the future by months, is not very sophisticated, to say the least. I know it is a common way of thinking but it is still too simple. Most of the patterns you think you see there will break down as time goes by.



full member
Activity: 532
Merit: 104
Every year March was the time of Bitcoin's decline, so there was a sharp drop in price towards the end of February to correct the market.
This year in March Bitcoin continued to increase in price.
I don't know what people think of the market, but in my opinion, the inflow of money into Bitcoin and cryptocurrencies has become more stable, so we are in a different market from history.
Take a look at Tether's continuous USDT printing or hedge funds buying Bitcoin's depreciation and I am confident that the market will continue to grow despite historical data on the crypto market.
legendary
Activity: 2394
Merit: 1131
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
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