JorgeStolfi
Hero Member
*****
Offline Offline

Activity: 910
Merit: 1002



View Profile Personal Message (Offline)

Ignore
February 18, 2015, 09:57:55 PM

... 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.