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
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
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.