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

[hazenyc]

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.

Right May isn't a bad month, but moving forward from end of May on the outlook becomes worse with every months passing by. That is why it was said sell in May (end*) and go away. As I said before, I wouldn't simply follow a graphical pattern, but rather listen to what is going on and whether the hype continues, what kind of developments are about to be finished and so on.

[Silberman]

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.

I think we may see a repetition on how long this cycle will last but I do not think we are going to see a repetition of the crash that we saw back then, we must recognize that people got too excited with icos back then and people thought that this market could take over the world very easily and we learned a very hard lesson, things are different now, we have the support from institutional investors and we also have matured and now we know it is going to take a long time for bitcoin to reach its goals so I do not expect a crash as big at the end of the year.

[Luqman]

What I will do with my Bitcoin in the next month, depends on the situation of the Bitcoin market. If Bitcoin price can go up about $65K -$70K, I will sell half of my Bitcoin. But if the price still below $65K or even below $60K, I won't sell my Bitcoin and continue holding. I will focus to trade on altcoins because altcoins are growing quickly lately.

[Hippocrypto]

What I will do with my Bitcoin in the next month, depends on the situation of the Bitcoin market. If Bitcoin price can go up about $65K -$70K, I will sell half of my Bitcoin. But if the price still below $65K or even below $60K, I won't sell my Bitcoin and continue holding. I will focus to trade on altcoins because altcoins are growing quickly lately.

The next target is at $70k as most people said on different discussions, but it has doubts with others who've been losing trust after all good performance of btc. Same with your principles, I am keeping my bitcoins safer if I would have enough holdings. Altcoins, maybe selling those non productive asset could be my last options in May, because unpredictable situations always tend to change from time to time and it's beyond our control.

[tanjiran]

Basically, I am not a holder, so I make the decision to buy or sell at any time, depending on market conditions. Moreover, the market is very conducive at this time, I prefer not to profit slightly but sustainably.
yes, everyone's principles must be different, they cannot be enforced because it depends on the comfort and ability of each of them in risk management.

[Ausgewielt]

Actually I sold all of my BTC few weeks ago although I didn't get maximum profit from this bullish market trend but I feel so thankful. If the price fall in may then I will buy more bitcoin. This time it is very hard for me to make decisions in trading, so many unpredictable sentiments that came. I still analyze the price chart.

[Shasha80]

Actually I sold all of my BTC few weeks ago although I didn't get maximum profit from this bullish market trend but I feel so thankful. If the price fall in may then I will buy more bitcoin. This time it is very hard for me to make decisions in trading, so many unpredictable sentiments that came. I still analyze the price chart.

Your decision to sell your Bitcoin is not a bad thing, because you can buy back Bitcoin if it is true after May the price of Bitcoin goes down.
Although it is actually more profitable if you don't sell your Bitcoin and buy more Bitcoin when the price drops. That way when the Bitcoin
price rises at the end of the year and manages to reach the price of $ 100k, the profit you make is much bigger. But you already sold your
Bitcoin a few weeks ago, so it's too late if you really want to follow my advice. Now all you have to do is hope the Bitcoin price drops after May,
so you can buy Bitcoin again at a low price.

[Kong Hey Pakboy]

Actually I sold all of my BTC few weeks ago although I didn't get maximum profit from this bullish market trend but I feel so thankful. If the price fall in may then I will buy more bitcoin. This time it is very hard for me to make decisions in trading, so many unpredictable sentiments that came. I still analyze the price chart.

You did profit out of it, that's what matters albeit not the maximum profit. Next time, you have to leave some bitcoin so you won't be zeroed out when the prices continues to go up. Remember that FOMO is a real thing.

[rodskee]

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'm buying more when this comes because i have enough profit since last year so practically i am in the HODL period now and if May-oct will be the Burden months for Weak investors >? then this is our lucky days as Holders.
We will take advantage of the panicking from others , they sell the price drops and we buy thats the cycle.

[NeverSop]

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.

You already have a chance to sell at this point.  The market has risen sharply today.  It is the decision DYOR belongs to you.  But I think that the market will continue to grow and maintain a steady value balance in the long term.  Selling at this point, even without a new ATH, would be a waste.

Vote: Buy & Hold

[ice18]

I dont have any plans to buy more btc because Im into alts but what I suggest to holders who bought last year then its a good time to take 50% profit and hodl the remaining we never know how this market movements in the next few months it can pump more and it can follow the previous chart like posted in the OP. 

[MinoRaiola]

Selling at this point, even without a new ATH, would be a waste.
Vote: Buy & Hold

The signs look positive and the community is getting stronger day by day. The drops of the last time are simply put away and the run continues. Many expect big things this year and i believe in it too. As I said, pay attention to the signs / acceptance of people and institutions. The ATH is sure to come, the only question is when.

[Obito]

I dont have any plans to buy more btc because Im into alts but what I suggest to holders who bought last year then its a good time to take 50% profit and hodl the remaining we never know how this market movements in the next few months it can pump more and it can follow the previous chart like posted in the OP. 

Good for you to move to alts, you probably have a good amount of funds to have your focus redirected on alts instead of bitcoin. I don't advice going for a 50% of their bitcoin being sold because it is a lot and a pump might happen and that person who sold his/her 50% might miss out on bigger profits.

[jesselui]

People want money towards summer. In my opinion, they invest more in winter. Therefore, a decrease is expected as the summer months approach. It may be a logical comment, but it is not always what it is thought to be.

[sapnu]

Most of the time, it still depends on the investors on what they will do. They wouldn't mind listening to others perception on what's best to do. They observe themselves and rely on it depending on what kind of pattern is currently occuring in the market. Even though May has been rumored to be an unfortunate month for the market, it wouldn't be wise to stick to that culture because things changes over time. The bull run before is way more different to the bull run we are experiencing right now and the price change in the market is much more flexible and complex right now.

[Coin_trader]

People want money towards summer. In my opinion, they invest more in winter. Therefore, a decrease is expected as the summer months approach. It may be a logical comment, but it is not always what it is thought to be.

It's different on crypto. Once bull run start at any point of the year. It will continue the cycle until it become overbought or no fresh money entering. The normal economic calendar is not applicable in crypto. Sometimes it work but most of the time it didn't since crypto market can be manipulated by a news.

[Bilgent]

All I see in that chart is that the situation is not the same for every month. In some of them, things seem really bad but it is the opposite in the months left. So I think that it could be really just a coincidence.

[Zanab247]

Since the price of bitcoin is no longer stable as before, it is better to buy more of BTC and hold for the future. The way i understood this season we are now, is to buy BTC and hold because before next 3 months Bitcoin will surely hit $60k again. This is the time to study the market price very well before you take your final decision to sell your coins or not to sell than to hold for the market to look good in the future.
If you have the money, is good to buy more BTC and hold great reward.

[bitterguy28]

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

No plan of running away and even no plans of selling , this is the risk  choose so this is the risk i will survive.

All my coins are now ready for LONG HOLDING , this is my decision and i know there are many of them that will follow and sustain.

[Peanutswar]

I saw this chart already and I've tried to check the previous months it's happening and base on my experience too but from the previous year March is one of the most read trends in the bitcoin so this year I expect to fall down but right now we are on the mark of another attempt of the Bitcoin.

We are talking about the strong hands here so only the one who survives the market downtrend are the ones who can get a huge amount of profit.

We all already holding a lot of times so why run away because of this bearish market.