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
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.https://www.investopedia.com/terms/s/sell-in-may-and-go-away.asp
Quote
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).
"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
We will take advantage of the panicking from others , they sell the price drops and we buy thats the cycle.