The 'Sell the news' thread

Mar 6, 2014
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Having just missed out on another obvious opportunity, 'thought it worth making a thread to make sure I follow through next time.

The "Buy the rumour, sell the news" theory seems to be a fundamental in crypto....it's so blatant you almost can't believe its gonna happen again...and yet it does time and time again.

As a WTC holder I was expecting it this weekend when they had a big event on. Sure enough in the hours leading up to the event the price spiked to $47...by the time the event was finished it was $37 and falling.

Obviously there is some risk in trying to time the market but it happens so often I think it's worth the risk.

If I'd have sold at $47 and bought back at $37 I'd have damn near half an ETH for my troubles.

Don't want to miss the next opportunity so here goes...

ICX

current price $8.40

ATH $12.27

Event: ICX Annual Summit 31st JAN

Strategy: Sell 50 ICX at $14 before summit, Buy back 50 ICX at $9 after summit

Probably fall flat on my face here but lets see.
 

Ryu

Jan 22, 2015
450
231
I like this idea I'm in! If you can post just before the conference to remind everyone would be great.

Same with Vechain as well. They are constantly announcing new partnerships. Once next one is announced I will sell 100 vechain's and buy back once price drops.

Not done this before always been an holder so will be interesting.
 
Reactions: DomB

REDC

Get-rich-quick scheme investor
Dec 12, 2015
1,779
466
Raiblocks is a good one as well when/if it gets listed on Binance (Monday or Tuesday probably)
 
Reactions: DomB
Mar 6, 2014
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Raiblocks is a good one as well when/if it gets listed on Binance (Monday or Tuesday probably)
Yeah I see sell orders as high as $75 getting matched in the initial frenzy...probably drop back down to $20 for a while after.

I'm after selling 25 to buy some NEO anyway so not fussed about buying back in on this one.
 

REDC

Get-rich-quick scheme investor
Dec 12, 2015
1,779
466
Yeah I see sell orders as high as $75 getting matched in the initial frenzy...probably drop back down to $20 for a while after.

I'm after selling 25 to buy some NEO anyway so not fussed about buying back in on this one.
Me neither. Last I checked the marketcap was sitting quite high already (not much more room to grow?), so I'm going to try and time the Binance listing and invest in something else.
 
Mar 6, 2014
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3,351
Me neither. Last I checked the marketcap was sitting quite high already (not much more room to grow?), so I'm going to try and time the Binance listing and invest in something else.
I think it *could* grow plenty tbh...Im just trying to spread the risk in my portfolio...keeping hold of the majority
 
Mar 6, 2014
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3,351
Neo devcon 30-31st January looks ripe for this too...switched my Ven into Neo to try and ride the wave to $200....a dangerous game to play but fuck it
 

REDC

Get-rich-quick scheme investor
Dec 12, 2015
1,779
466
Lisk and ETC both had their buy-the-rumour-sell-the-news cycles it seems.
 

mandela

CHB Führer
May 16, 2013
21,735
9,576
Scotland
LitePay released tomorrow.

You'd have to assume it's priced in at this point, and LTC is up nearly 100% from it's low a couple of weeks back, but you never know with this market.