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

[elisabetheva]

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.

[Sled]

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.

[goinmerry]

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.

[virtualdn]

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.

[TribalBob]

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

[hector3115]

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

[ivankoh]

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.

[Pamadar]

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.

[NelfiNovita]

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.

[amihada]

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.

[jasonjm]

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.

[Anonylz]

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.

[giantrobot]

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

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.

[Kelvinid]

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.

[hazenyc]

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

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.

[cheezcarls]

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.

[mbe48]

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.

[tbterryboy]

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.

[Dewi Aries]

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.

[Alisha-k]

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