@BitcoinBaby 22 May 2022 more from that month

𝐂𝐫𝐲𝐩𝐭𝐨 𝐖𝐞𝐚𝐭𝐡𝐞𝐫 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭 - Don´t Sell in May and Go Away There is this saying, that you hear quite often around this time of year. Sell in May and Go Away This ancient wisdom tells us that whatever we are holding, we should get rid of before summer starts. Now with the summer of 2021 fresh in our memory that indeed makes sense. Crypto prices literally melted. End of May BTC was still at 38K and at the end of July, prices hit 28K. Why? Because smart money, institutional investors, and even retail are more involved in zipping cocktails and watching the bikini curves than Curve DAO. That sounds plausible and it´s a pearl of ancient wisdom, so who´s gonna argue with that? Well 2020 does. Of course, it all depends a bit on your perspective but for me, the real season is July and August and Aug 2020 was damn hot. Bitcoin went up from 9K to 12K. I hope nobody listened to that old cracker that came up with that saying in 2019, as Bitcoin went up from 5K in May to 12.5K in July. The old cracker was right in 2018. Who would have guessed that Bitcoin went down during the 2018 bear market? Well, the guy telling us to sell in May. Although I would have rather sold in March 2018. You would have missed the boat in 2017, because in 2017 coming back to work end of Aug or early Sep would mean paying twice as much to buy back the BTC you sold in May. Now I am sure that some wiseguy is gonna tell me: "Yeah but that saying comes from the stock market." If it works for the stock market, that would prove that the current correlation between stocks and crypto is indeed temporary and probably to the global economic climate (nobody likes risk assets atm). Even the stock market does not follow the rule My guess based on this data is that the saying is outdated. Because ven the stock market did an average 3.8% up over the last 10 years. It might have worked during the stock market of the '50s when dad would take the family on holiday and there was this unofficial agreement to not trade between June 1st and Aug 31st but those days seem to be long gone. Now don't get your hopes up just yet. First of all 2022 is very similar to 2018 also with regards to its place in the cycle. Secondly, most of the summer profit was obtained in August. Biggest summer dips around mid/end of July. Not gonna spell that out but it gives a pretty good idea of when to buy? #crypto