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

[Kez1817]

As I saw the chart, it seems every months has a different situation. So, I think the month of May- Oct of this year 2021 will still profitable and in a green color which is good to sell if you want or just keep it and hold to wait for another ATH. If you sell don't go away, instead wait the dump and buy again more bitcoins and altcoins. Investing in crypto is to risky but profitable.

[Streets 2.0]

I believe in long term investment and don't think it's worth looking at the price every day. If you have once decided something and have chosen a strategy of preservation, then just stick to it, regardless of what is happening in the markets. If you react every time to a fall or rise, you will hardly be able to sleep peacefully and really earn a lot. Although I may be wrong, everyone decides for himself.

[janggernaut]

Well just seeing the poll result and most of voters goes for keep buy more and HOLD. Question for those who voted that, how long you can HOLD your coin? 1 year? 2 year? 5 year? Forever? When it hit $100k? 200k? $1million? Most of you can say i would HOLD my bitcoin when it reach $100k, but you know what? Your emotion isn't goes like you want, when bitcoin hit $70k, $80k, or $90k, you could sell all of your coin because you are afraid what If bitcoin collapse again. That's the fact


Keep HOLD, but until when?

[Trieteric]

This doesn't apply!
Are just speculations made by someone bored. What it is based on, first of all?!?!?!?!?
Real data are on the market.
Anyway, good luck with that

[hazenyc]

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.

Investors, news, political developments. There might be events we don't know about yet, there certainly are events we have no idea about. It's not like checking out a mini map and make your decisions.

[JohnBitCo]

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 don't believe in these old charts. These old pattern may not predict the correct future price actions. I think we will continue to see many more green months before we will enter in a bear market. Also this time the bear market may not be like -80% but may only be a 60% correction. We will wait and see how things unfold in coming months. Personally i have no plans to sell as yet.

[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 don't believe in these old charts. These old pattern may not predict the correct future price actions. I think we will continue to see many more green months before we will enter in a bear market. Also this time the bear market may not be like -80% but may only be a 60% correction. We will wait and see how things unfold in coming months. Personally i have no plans to sell as yet.

These patterns also cannot take into account whether there is a new development on the horizon or not. Or any other eventualities. It is nice to look at the chart and maybe a little piece of information in overall considerations, but certainly not the criteria that determines my investment decisions.

[mmhaimhai]

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 don't believe in these old charts. These old pattern may not predict the correct future price actions. I think we will continue to see many more green months before we will enter in a bear market. Also this time the bear market may not be like -80% but may only be a 60% correction. We will wait and see how things unfold in coming months. Personally i have no plans to sell as yet.

These patterns also cannot take into account whether there is a new development on the horizon or not. Or any other eventualities. It is nice to look at the chart and maybe a little piece of information in overall considerations, but certainly not the criteria that determines my investment decisions.

I agree! In companies where it is fiat money that is involve, it is already hard to be 100% or just be 80% accurate as there might be some some unexpected event that could occur...what more in a market that is so volatile?..Next month there could be a successful trolling that can make bitcoin fall or there could be just single tweet about a huge company interested in acquiring btc as their asset and price surge will happen. It is just actually a battle of faith in btc future...but then I am still believing in btc good future in long term.

[sarmrakib]

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.

Its look like btc is stable at the level of 50k$ .As my vote is to sell my 50% btc to make it cash or wanna buy some good altcoin .I think it will be a great decision for me to do this .I think btc will go so high but in not recent time its the chance for alt now .That's why i am buying alt .

[imstillthebest]

what if i say buy in may and go away is that more appealing isnt it ? and this advice that i say is more common than the other .
 go way dont means never come back because that is donating your money but we must have scheduled dates on when we come back .
we can follow on what is posted ,
we can buy and leave in may and then came back on october and november because this is the period crypto starts to pump .

[suryogandul]

In May when the bitcoin price has increased significantly I will try to sell 50% of my assets and enjoy the profit I get. but I will continue to wait until the price of bitcoin undergoes the next correction so that I can take advantage of buying bitcoin at a low price

[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 don't believe in these old charts. These old pattern may not predict the correct future price actions. I think we will continue to see many more green months before we will enter in a bear market. Also this time the bear market may not be like -80% but may only be a 60% correction. We will wait and see how things unfold in coming months. Personally i have no plans to sell as yet.

These patterns also cannot take into account whether there is a new development on the horizon or not. Or any other eventualities. It is nice to look at the chart and maybe a little piece of information in overall considerations, but certainly not the criteria that determines my investment decisions.

I agree! In companies where it is fiat money that is involve, it is already hard to be 100% or just be 80% accurate as there might be some some unexpected event that could occur...what more in a market that is so volatile?..Next month there could be a successful trolling that can make bitcoin fall or there could be just single tweet about a huge company interested in acquiring btc as their asset and price surge will happen. It is just actually a battle of faith in btc future...but then I am still believing in btc good future in long term.

Talking about single vets with a lot of influence I don't believe it comes with great effects when a company announces it accepts a cryptocurrency. More so when it comes to new laws or regulations that severely could limit utility of cryptos and also put people at risk on the individual level if they possess or use cryptos.

[kryptqnick]

I haven't heard of this thing before, but I guess it can be true that summer isn't great for investments because people switch to vacations and relaxing, so resources are pulled out of many areas during this time. Looking at the picture regarding Bitcoin, though, it doesn't seem obvious that summer is worse than winter. There've been 5 years of January being pretty bad and 4 years of November, whereas June was actually fine most of the years and July being bad during 4 years (so the same as the allegedly good month of November). March, August and September seem to be the worst, so not pulling out at the end of February but doing it in May doesn't make much sense based on the data about Bitcoin.
Anyway, I'm not going to participate in these things because I don't care about short-term price changes. I sell when I need to and hodl when I can, and "sell in May and go away" thing ain't changing that.

[willoweb]

I don't really understand those who are trying to make quick profits from such a market. I think about the prospect and of course if the market falls, it is better to buy and wait for its growth than to sell something in a falling market. In general, I do not see any signs of such a fall, large players entered the market at a bitcoin price level above 50 thousand dollars. If they go lower, this means fixing losses, and this is not correct from the point of view of long-term investments. Therefore, I am calm and just watching the development of events.

[amihada]

I thought buy bitcoin and wait. I don't think it's time yet, but changing altcoins to btc and holding btc is more appropriate, bitcoins are very expensive and there is a possibility that bitcoin prices will go up but if altcoins are not right to be stored in the long term. so to save in the long term it is more appropriate to choose BTC.

[Weawant]

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 put my vote on the poll in "don't care" because it is too reasonable. I don't think you had to decide now but do what your logical thinking tells you. And it will always work.

Let's just say that you didn't sell your assets this month and then the decreases came, you only had to keep those bitcoins and in the next first-second quarter next year and you will still recover and possibly gain more.

If you really needed finance now, then sell the half, or move to Bitcoin. You don't really need to care as you have it all now. I really don't think that the poll helped you as I can tell you've been very good at handling your assets. You'll never get where you are right now if you don't.


My opinion is based on the data you have here. It is simple. If its not the time this year, try it again next year. Principle will still be the same though.

[Oilacris]

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

BUY BTC AND HODL MORE!

Seeing that table with specific percentage in year to year basis arent bad to look at but doesnt mean that those things will be accurate nor precise for you to rely on when making your future or current decisions.

Its your call though if you do really believe into those things and it isnt bad to sell out half and secure it out but for me then any month would really be the best time to buy and hodl.

Majority will be minding off about short term profits and seeing these tallies will surely be boggling their minds now. 

[hazenyc]

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

BUY BTC AND HODL MORE!

Seeing that table with specific percentage in year to year basis arent bad to look at but doesnt mean that those things will be accurate nor precise for you to rely on when making your future or current decisions.

Its your call though if you do really believe into those things and it isnt bad to sell out half and secure it out but for me then any month would really be the best time to buy and hodl.

Majority will be minding off about short term profits and seeing these tallies will surely be boggling their minds now. 

Yep there is no way I would look at that chart and make my decision based on it. There are so many other variables that influence the development of Bitcoin that a graph like that can't accurately reflect.

[boyptc]

I thought buy bitcoin and wait. I don't think it's time yet, but changing altcoins to btc and holding btc is more appropriate, bitcoins are very expensive and there is a possibility that bitcoin prices will go up but if altcoins are not right to be stored in the long term. so to save in the long term it is more appropriate to choose BTC.

It's time to buy.

Let's get off with the idea that bitcoin is expensive. 1 btc = 1 btc. That will remain and won't change because there's also the same thought before.

When bitcoin was $1, I think there were some that said it to be expensive and the same goes when it has reached $100, $1k, $10k, $20k and so on.

[UserU]

I should have listened to you and sold it in early May. But it's too late.

Just hodl. Before you know it, the prices would recover once people start buying in again.

After all, what goes down must go up at some point.