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.
Makes sense, sell in March cover taxes due April 15
'but sell in may, walk away' is the stock-market and stock-market is an inverse relation to bitcoin
Think about it this way, when interest rates are low, then BTC to the moon, as BTC is the new-cash ( last year theme ), but last two months, now interest rates are on the rise, so people pull out of btc, and return to high-paying 2% (almost) treasury bills
Thus BTC performs like Bonds
What's clear from the image is that you can also count on the fact that early April is the time to buy, on average; But in a typical year you would have to consider t-bill direction, as well as up/down of BTC; There are always correlations if you look for them, but can you trade on them? I think not, most traders are day-traders
In the parabolic history of BTC, its best to have early mined and paid a nickel for a BTC and to HODL, all else lost their arse; Late arrivals lose the most, early players make out like bandits, there is a reason they call it a "Pyramid Scam", those at the base make all the money, and as you come in towards the top, the gains get narrower and then diminish, but those that come in from the bottom, always win
Time value of money, 99% of all wealth in history, is being in the right place, at the right time. That said, lots of early BTC were lost, cuz who could have known that the crap would sky-rocket. I would say more than 1/2 the early miners didn't record their private-key properly, they just early on generated an address, and flushed wallet files, it was a game to see who get could get the most, not for money, but ego
Lots of luck inv
olved being there, and them having the fortune to have recorded your private key in a safe place, like to even remember where that place may have been.
Even today people create wallets and don't think about recording the 'magic words', or don't even understand the priv-key, or fail to record the wallet password, lots start as a trial run, and continue to deposit an early address, not thinking that they actually didn't record properly the priv-key in the first-place.
The reality is all adopters of the crypto scam, need training wheels and mentorship. Dumb luck prevails in those who can be called 'whales'
Even the Winkelvoss purchase was dumb-luck/timing, they could have just as well lost their arse. Timing & Place is everything.
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Using the above logic, the smartest thing today, would be to put equal cash into really cheap new alt-coins that have a future, and HODL; The future 100x returns will be in that space, bitcoin pyramid is game-over, or best might see 2x, but will probably see -80% fall.
$1k into DOGE a month ago is $50k today, and $1k in BTC a two weeks ago is $800 today.
The days of 127X for BTC are over, nada never going to happen, impossible, for the simple reason is that $50k is out of reach for robbin-hood traders. Average BTC holding is 0.05BTC, or $3,000USD; That kind of money fits into the 0.5 cent coin space well.
I don't think that each month has a parallel pattern, there are so many factors that can affect the price of the bitcoin and it is not based on the month if bitcoin will go down or go up, come to think of it, when Tesla bought $1.5 billion worth of bitcoin, it really gives the huge movement of the price of the bitcoin and it's not happened on May, it happened on the month of February, things can happen in any month so the chart of the thread doesn't make sense because bitcoin can go up when things happened like this and it can happen in any month.
Well charts are like 'tea leaves' anybody can see whatever they wish, hell anybody can justify anything they wish.
History is rather harsh on 'chartists' most lose their arse over time.
Greed & Fear drives everything, but you can only react because the psychology is spoon fed by the MSM. GOV taxes what it wants to destroy. Many variables.
FIAT will always flow from bad FIAT to good FIAT.
Trouble is today, most Governments on earth are all marching to the NewWorldOrder, witness the 100% cooperation with COVID lockdowns.
Some people are always creating wealth, the majority are always losing. Most of the time it pays to run wall-street and pull new issues like COIN, or RIOT out of your arse, and sell them to suckers.
The fascinating story about BTC, and alt-coins today; Is that little people, say a nerd in China or India, can really get rich, if they just clone BTC, and have a good story. It's always the GUY who pulled the virtual-pet-rock out his arse, that makes the most money; It's called pre-mining in the bitcoin scam universe.
Thus even better than spending your $3k on btc, or an-alt, would be to invest that money in a server, and develop your own shitcoin, and market it, and get your friends to early-adopt. That's the real riches are made.
[moderator's note: consecutive posts merged]
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