Ninjastic
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Re: Bad "good" news.
by
Jating
on 15/04/2019, 15:36:38 UTC
Quote from: Pamadar on April 13, 2019, 06:34:25 PM
Quote from: UmerIdrees on April 13, 2019, 06:27:34 PM
Quote from: ricardobs on April 06, 2019, 08:34:24 AM
Sometimes, the direction the price is moving has nothing to do with news or whatever.
The price can move to any direction even before anyone tries to figure what’s going to happen next. Just like what has happened this week, there was a short bull as the price moved from $3,900+ to $5,000+ (currently at $5,009). And no news site had this before it started. So anything can happen in the market before and have nothing to do with the news.

There is no grantee that a good news will pump the price. Sometimes, the good news has no effect, if just depends upon the market conditions. You can check QKC for instance. QKC has a mainnet to be scheduled on 30th April, but everyday its price is getting lower and lower. While other coins on mainnet news pump too high like Theta etc.
That's also an indication that whales are trying to dumped just to get more before the pumped will happen,  there's always a reason why things is happening bad news and good news always bring something inside the market you need to assess well and make a good decision making in order to protect your assets.

Again, we really need to dissect and read between the lines.

We don't just read the news and believed everything written is true. That's why we need not react negatively or positively, at least used our common sense before making decisions, like selling our stash or buying more to make our wallet fat. We all know that this market is base on speculation so just be careful and not making a decision just because you read something online.