Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
JorgeStolfi
on 18/02/2015, 19:57:55 UTC
... wrong, this a "Buy the news" moment, because all the psychology that you meticulously detail here with great effort has already been priced in awaiting this announcement. Only a few slow beartards traders will get caught expecting any drop ... that's all folks, next stop 2 fitty.

You assume that traders are perfectly rational.  But the only rational price expectation for the bitcoin price is 0/0 = NaN.