End of Month Performance

[marjil]

It might be useful to remember that it pays to get the bigger picture and look at any investment as a longer term action. This is of course unless you are a trader, in which case you will only be concerned with short term speculative work. But for those who see bitcoin, and indeed any crypto, as an investment, then long term plays an important part.

To illustrate the magnitudes of difference I will take two simple comparisons - the month end of 31st May and the year end, also to 31st May.

So, looking at the prices of bicoin for the two timeframes, we have:

Price at 1st June 2017  $2274
Price at 1st May 2018  $9268
Price at 31st May 2018  $7565

So the month of May 2018 gave rise to a loss of 18% but over the year from 1st June 2017 to 31st May 2018 a holder of bitcoin will have seen a rise of 232%.

My guess is that this is generally repeated. What this means is that there will be proportionally a lot more rolling year periods showing a gain than comparatively one month rolling periods.

[HabBear]

My guess is that this is generally repeated. What this means is that there will be proportionally a lot more rolling year periods showing a gain than comparatively one month rolling periods.

Putting what you see in directly in front of you within the proper context of the bigger picture is always a wise idea. Unfortunately "guessing" means nothing in the investment world. Your guess, my guess, Fundstrat's guess...it's all worth the paper it's printed on, and that's it.

While YOY gains from 2017 are wonderful, past performance isn't an indicator of future results. The rising support indicator is a better, fact based, metric that indicates we're oversold right now, implying we should see another growth run. But getting the price of bitcoin out of it's 2018 cycle will take more than technical analytics...it'll require a real growth in use and adoption. How do we get that?

[bigmaster23]

My guess is that this is generally repeated. What this means is that there will be proportionally a lot more rolling year periods showing a gain than comparatively one month rolling periods.

If your pointing out that there's left for the price to surge this year you'll definitely right or wrong there is no way to sure out a way to correct guessing the next price movement as HabBear stated.

How do we get that?

I propose we need to must in tune with the cryptonews every available time we can spare.

[HabBear]

How do we get that?

I propose we need to must in tune with the cryptonews every available time we can spare.

Yes, of course! You read news every day, yes? Add Coindesk to your web apps. Or if you're an iOS master, add "Bitcoin" and "Blockchain" and "Cryptocurrency" to your News feed app. Reading the news every day on a specific topic helps you learn the pulse of that topic, you'll start being able to see a few moves ahead.

[Herbert2020]

past performance isn't an indicator of future results.

it depends on the conclusion that you want to make from the "past performances".
for example if you want to take a look at the charts of a certain month and say because it was like this in that month it should also be the same this month, then your statement is correct.
but the conclusion can be this:
bitcoin is being slowly adopted and growing more. over the long term price of it will increase no matter the huge jumps or drops that it has in short term like in one month.

[ekeh]

Bitcoin is an industrial assignment, in the sense that it works in different departments, where it can be applicable to use, which is always been accepted and deliver successful, with out time delay, Therefore the end of month, is the beginning of crypto coin market as a new record to start with on

[Bratecon]

Does it have any influence to the Bitcoin - end of month? end of spring? end of the year?
End of the world?