After the rebranding event yesterday where the Lisk team delivered a solid performance with a nice logo and a good website redesign, the price tanked.
buy the rumor sell the news type of event.
A lot of people, including me, were expecting more than just design stuff - more updates about the real platform and partnerships, ICOs etc.
good sounding news.
not much of that.
People started to sell LSKBTC even during the event and more after.I sold myself at different stages in the past days, anticipating this. and the last past sold it yesterday after the event. I entered the LSKBTC trade last year when LSK was at 4-5 dollars, so overall was a good trade. And I will enter again when the trend will return.
I expect now LSKBTC will enter a downtrend that will take it close to the bottom, before
Usually I'm not that pessimistic and I hope I'm wrong.
long term LSK has the same great future if the finally deliver a working product.
buy the rumor sell the news type of event.
A lot of people, including me, were expecting more than just design stuff - more updates about the real platform and partnerships, ICOs etc.
good sounding news.
not much of that.
People started to sell LSKBTC even during the event and more after.I sold myself at different stages in the past days, anticipating this. and the last past sold it yesterday after the event. I entered the LSKBTC trade last year when LSK was at 4-5 dollars, so overall was a good trade. And I will enter again when the trend will return.
I expect now LSKBTC will enter a downtrend that will take it close to the bottom, before
Usually I'm not that pessimistic and I hope I'm wrong.
long term LSK has the same great future if the finally deliver a working product.