Would you believe me if I tell you I've predicted the price of BTS in the past months and maybe in the up coming months ?
I've done that based on the K-Chart , not the news/performance/expectations ...... etc .
Of course I'm not Ander , I won't brag about how much I made or lost from the prediction .
But it confirmed my suspicion all along after I've been digging into technical trading .
Which is , the move of the price generates and confirms expectations , not the other way around .
With enough money and inventory of a specific stock , the manipulators can drive up the price and tell people the price is rising because of some achievements (it doesn't matter when the said achievement happened , it can even be old news 6 months ago ) .
During these moves , his attempt will be countered with other market players and leave trails of their fights , which is the K-chart .
And if the good news happened at the time when the manipulators didn't have the money of inventory to make a killing profit , he will do nothing or even push the price down just to get more inventory .
Which by the way , the release of 2.0 may not be the magical day for the price . But when the price goes up , some people will automatically think the price goes up because of its release .
You have your reasons from the selling , but in a technical trading point of view , the selling was bound to happen , either from you because of your disappointment , or some other guy because of his financial troubles or trading habit . Also , when there is a time to go up , some people will buy BTS because they have high expectations of 1 sec confirmation time , but more people will buy it because of the rise itself .
Speculative drive is and always will be a main factor in the price . MONEY don't know what is 1 sec confirmation time , nor does he care . And USERS don't have money to maintain a certain price forever .
Some people think without speculative purpose BTS can grow . That's wrong . If people do not have speculative purpose , NO BitAssets will be created . Nobody will short BitAssets without a clear expectation that the price of BTS will go up . The bigger the size of BitAsset is , the bigger of the speculative actively will be .
I can make a prediction : Even if 2.0 release TODAY , it will not have any effect on the price , because that's what it says in the K-Chart .
Good move on selling the BTS at a relatively high price before the drop though . But it's just luck .....If you don't know why you had that luck , you may sell it right before the next rise because of another disappointment .