This is the most impressive announcement in bitshares history so far... Why is the price falling? It's baffling.
They are still just announcements... bitshares has had a ton of them in it's life cycle. Until 2.0 is released, investors are going to be conservative with their money. Once these companies actually start using the block chain, then investors will take notice and the price will move up.
"just announcements"... as in you think the markets believe this is most likely a lie? The dev team has lost some credibility, sure, but the chances of this being an outright lie seem vanishingly small - that's just the only scenario i can think of where markets would actually sell off on news like this. I guess crypto markets are just really, really inefficient lol.
I do believe that these announcements are true and I'm sure that these companies have every intention to make use of the BTS blockchain, I'm sorry I should have been more clear in my first post. But crypto investors were promised a 1.0 release since November and they never got one, so it's understandable that they will wait until the partnerships are actually functioning before they invest. Any unforeseen event or bug could derail these agreements, and investors buying these announcements would be sitting there with egg on their face.
There's an old saying in investing "those who buy newspaper headlines today, sell newspapers tomorrow"