Topic: Buying the rumor, selling the news (Read 888 times)

The idea of buying the rumor and selling the news is more for traders. There's this idea that by the time actual good news come out, it is priced in and too late to buy at that point. Instead, you should buy on rumors and then sell on or right before the news to guarantee some profits - in case the news turns out to be very minor.

Same thing happens with company earnings or acquisition rumors.

If the fundamentals of the project are good, these fluctuations shouldn't matter as long term the price should trend up.

What does this mean? Sorry but I'm new to this and don't really understand.

Are you saying that everytime a good news comes out I should sell? This is so confusing 

People actually are guilty for this, this is almost became a rule but does not need to be this way. When something is good and has real value behind it then no news(fud) can distract from this fact.
Problem is in traders who actualy investing in short terms, and for them it not importan story about value, and they are killers of good ideas. This can be improved, but requers honest teams.

Cryptos have no business right now realistically speaking. It's only speculation driving the prices. The speculation that some of this technologies might have a business some day, some utility, that most certainly they don't have right now.

Outside of Bitcoin you can use in some online shops and few anon cryptos used over tor, there's little to no use of cryptos.

The technology has still very serious problems for mass adoptions and is absolutely not practical.

We're the new dot com bubble, there's a giant over valuation over stuff that has no business, no use, no applications.

Dapps, smart contracts, it's all a mass of bullshit in its embryonic state.
99% of the coins we mine and buy will fall, very hard. Only few will remain and if you know which will then you may be a millionaire in a decade even investing a modest sum.

But chances are most of us won't have shit, and the people that made money are those that speculated well in time before the crash will come.

This is a terrific time to speculate (as you basically point in your post), it's a terrible time to invest.

Because be real, 99 % of people buying this stuff doesn't even read the white paper, doesn't read the code, doesn't make sound investment decisions.

I invested few thousands in cryptos and I mine a bit, I'm confident that I may make some very good money, but there's a huge chance all of my investments will be worth few hundreds of dollars and I'll lose pretty much everything.

And we didn't even start speaking about possible regulations that may come when and if governments will start tackling and regulating cryptos and be sure they will.

Cryptos will be the new economy, someday, but in what form, how, that we don't know for sure. There's plenty of believers and people that tell you that they know what will be big, but they don't know shit.
They dream and speculate.

As Benjamin Graham (Columbia's finance professor of Warren Buffet say) markets tell you the price, but not the value of a stock (replace stock with coin).

The value of what we are investing is extremely hard to understand. Because this "new economy" isn't generating anything of use at the moment.

if you will be lucky sure you can ride with the whales but if not you will be trapped and it will be hard to cope up, i think this old practice needs to be assess as many traders already buying this and sooner or later things won't hap pen in their directions. good luck to you OP if you still using this and you manage to earn.

Is there anywhere a schedule of importaint events for specific coins or at least a rough guide?

this is the old rule of trading,
everytime the rumors come , all trader will buy and when the news show up they will sell it..
i like this old rule too, and can make a huge profit with this, but sometimes its doesn't work in a few conditions

I am starting to realise how much altcoins are affected by 'buying the rumour and selling the news.'

Antshares price went up crazy in expectation of what was going to be announced at the conference (buying the rumour) and then when the rebrand was actually announced the price dropped quickly again (selling the news)

Now with LBRY, the price has been going up steadily in anticipation of the open beta (buying the rumour) and then the CEO does a live presentation explaining the open beta and features of LBRY and the price drops again (selling the news)

With Crypto being so volatile, this kind of pattern is much more easily noticeable then in ordinary stocks.

Just my 2 cents worth anyway