I don't understand this market. Why is "sell the

>>2570566

If it's good news the coin usually stabilizes around a higher price, but it dips right afterwards for some reason, I guess whales trying to shake out weak hands.

This market is insanely manipulated. If you follow some order patterns on most coins you will see this.

pretty sure it occurs with stocks too

the hype builds up and pretty much no reveal will actually satisfy people . and by this point its also just a self fulfilling prophecy. everyone wants to sell the news before others sell the news.

>>2570566

Buy rumors - get in before FOMO
Sell news - Sell the FOMO

If it's good news the price will still be higher than before the rumor though.

>>2570566
good news drops it, because there's too many people that already know it and then try to sell.
see this >>2570599

>>2570566
Well let's see...if there is some conference in a few days and the coin shoots up x10 its price, then obviously the market is assuming it's going to be an AMAZING conference. The market has already reacted to the news, that's why it shot up in price.

If Apple releases a statement that their new phones can cure cancer, obviously the price will shoot up that day, not the day they release it because it's already expected to be released.

>>2570566
>buy hype
>sell news
>buy dip if you actually believe in project
There you go, OP.

its a meme phrase, ignore it for the most part

you have to understand theres no rules to qualitative trading, just suggestions

>>2570640
yeah but good news means its going to go way up in value in the near future, why would people sell then?

>>2570670

Good news generate hype, good news make it moon artificially, then people dump it, buy in again at a lower price and the coin goes up again (or not).

>>2570688
thanks Mr. Gordon Gekko

>>2570670

Because they want to accumulate more when it inevitably drops from people selling hype. It's not hard to understand. Happened a lot with Ethereum. It's just a cycle.