Why the price is dropping so hard, inspite of big news
didnt understand this concept
You are "legendary", you should know that markets are extremelly STUPID in regards to crypto
Now, people rush and buy expensive BTC hoping for an airdrop post fork
They forget that, last time, all exchanges were "error404" and inaccessible right after the BitcoinCash airdrop --> by the time people could log in, alts had risen by 25% already.
So, the typical scheme is: People will sell alts at high price (today), get the BTCGold airdrop... will sell it at the price of 0.15 BTC... and will lose at least 25% on alts...
Overal move is negative. As usual. Only exchanges will gain from this.
Market is greedy on BTC: be fearful, and vice versa on alts.
I doubled by TRST assets in this dip :-)