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

[janggernaut]

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

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

[1714970829]

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[int03h]

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.

[Poker Player]

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.

[NeuroticFish]

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...

[chaoscoinz]

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

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  

[capcaypro]

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

[chaoscoinz]

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.

[TopTort777]

If you are scared of price reduction, why dont you want to wait the storm in stablecoins?

About your graph - March and April were always the months of price reduction. During Summer there were either price stagnation or growth. But I suggest to hold if you are in Bitcoin and stay in stables if you are in alts. It looks like holding is the best option among all.

[watergold]

I will stick to being a long-term holder, no matter the issue whether it is trying to drop bitcoin or even trying to manipulate bitcoin ownership, which is currently being planned by China as a country that dominates Bitcoin owners.
karan keeps going back to the basic rules of Bitcoin, freedom over yourself and ownership without parties when.
so I will not choose one of the points above, even though there is a lot of speculation related to MAY and so on, it doesn't change my principle of Bitcoin ownership.

[BrewMaster]

considering that this is not the stock market and bitcoin has never followed the stock market trends the question becomes pointless.

apart from that since we already had a big correction this month and the price went low enough to get ready for the big rise and there is only 4 more days left in April, there is no other option for May to be a big bullish month.

if that's not enough in both 2020 and 2019 was bullish in May. we had 40% rise in May 2020 and 110% rise in May 2019.
The only time May was bearish was 2018 and that is because 2018 was the bear year! but take 2017 there was a 150% rise in May.
or May 2016 which was a 90% rise.

in any case months don't determine the market direction. the trend determines that and we are in a bull market specially after the correction we just had.

[usekevin]

If you are scared of price reduction, why dont you want to wait the storm in stablecoins?

About your graph - March and April were always the months of price reduction. During Summer there were either price stagnation or growth. But I suggest to hold if you are in Bitcoin and stay in stables if you are in alts. It looks like holding is the best option among all.

Now the April month is going to end. So we can't expect some raise in the price the bitcoin.If you had a doubt have a check of bitcoin price today.Now the price of bitcoin crossed the 53k after a huge struggle. It was stable at 50k over a period.Now the same was change over to the next pump.Kindly hold further to get a decent profit from your holding bitcoin.

[Fortify]

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

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?

You should be careful trying to draw parallels between stock market quotations and the prices of Bitcoin, one has been around a lot longer than the other. Considering there is much less data to go on, it could easily be random chance at this point with a mild correlation. Performance in June looks very similar, with just one more month of barely negative action. Maybe you should revise it to Sell in June. When once you start hitting 20 or 30 years of data it would be possible to get a better feel for price movements and you may even have to exclude the first few years of data, to factor in Bitcoin still being outside the mainstream at that point. It does make for interesting viewing though and if you did want to sell some of your cryptocurrency it might be better to do it in the green months.

[Yogee]

The pandemic messed up a lot of things particularly the massive fiat printing and inflation so I wouldn't rely on past performances of bitcoin.

I am also with BrewMaster's comment that the market already had a deep correction this month and it's on the bounce now. It appears this "sell in May" came in earlier than expected.

I think it's too early to be getting out of the crypto market whatever happens next month. The bull market isn't over yet.

[yhiaali3]

As long as this is repeated more than once, I do not think that this is a coincidence, it appears from the behavior of Bitcoin in most of the years after the month of May there is fluctuation, instability and decline, so I think it would be a good idea if you sell at least half of your bitcoin on May and hold the rest until the year Coming at least. Perhaps this year will be different from previous years due to the entry of the big players into the bitcoin market, so it is better to leave half the quantity with you than to sell everything.

[grabpopcorn536]

The cash flow has been pouring into the crypto market more often than in previous years. Compared to the highest capitalization of the whole market this year has tripled the highest market capitalization of 2017.
We have more Tether with active investment from institutional investors around the world. After each price drop, we see the market recover faster.
The pandemic is still going on, so more money will be poured into the market.
I am confident the crypto market this year will hit a new ATH.

[johnwest]

I am a person who sells coins whenever I need money for something. I don't sell when the price is too low or when am negative, if all my coins are in red then I would sell my USDT or BTC. I don't think there is any pattern on people selling or buying crypto. There is something which always happens for the first time and it might happen this year that all these months might be green months.

[herurist]

selling all the altcoins and transferring them to BTC is one strategy to collect the trading proceeds to get Satoshi chips. in terms of altcoin trading as an alternative to top up your portfolio balance and transfer all profits to BTC. I have no other choice but to do that from day to day. whatever I have when bitcoin corrected, then I'll write there.

[Silberman]

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

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

This strategy does not make sense in the world of cryptocurrencies, it is a strategy specifically designed for stocks and even if now there is some correlation between the stock market and the bitcoin market this does not mean they are going to always move in the same way, it is better to just watch the price if you want to become a trader and decide what to do based on what the price is doing, otherwise you will lose a lot of money with strategies which do not make a lot of sense.

[batang_bitcoin]

I'll be selling if I want to and if the price is right, there's no such quote and strategy that has been mentioned on the OP that I do. I'll go away if I think that I've got enough.
But I'll be hitting the price that I want to sell soon and it depends if there will be some time that I have to decide whether I should sell and forget.

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.

This is the same of what I may do.

[veznata]

why in May? I would suggest middle of September - then sell for $300-400K
https://ibb.co/0ymmLgJ