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In the traditional stock market s there is a phenomenon called 'Sell in May and go Away' where holders dump large positions, taking profits, in May which negatively affects many stock prices in the short term, 6 months, before many of the same folks rebuy in November.
With crypto becoming more mainstream I've wondered, for some months now, will the crypto markets suffer the same behaviour from new crypto investors who have earned their investing stripes in the traditional financial markets.
.As we know, crypto is a different beast altogether but will we see some of the same phenomena over the coming weeks?
With many predicting the top of this market cycle to come in September the traditional 'sell in May and go Away' strategy would far from optimise any profit taking in the crypto slave if indeed a top arrives in September 2021.
I'd be interested to hear the thoughts of crypto Hoddlers and traditional investors on whether and why they believe the 'sell in May and go Away' strategy will impact crypto markets moving forwards.
Thoughts Please?
With crypto becoming more mainstream I've wondered, for some months now, will the crypto markets suffer the same behaviour from new crypto investors who have earned their investing stripes in the traditional financial markets.
.As we know, crypto is a different beast altogether but will we see some of the same phenomena over the coming weeks?
With many predicting the top of this market cycle to come in September the traditional 'sell in May and go Away' strategy would far from optimise any profit taking in the crypto slave if indeed a top arrives in September 2021.
I'd be interested to hear the thoughts of crypto Hoddlers and traditional investors on whether and why they believe the 'sell in May and go Away' strategy will impact crypto markets moving forwards.
Thoughts Please?