SellingontheGoodNews.com aims to give some degree of insight in the correlation between media attention and movements in Bitcoin price. It also serves a historic function as it maintains important news and events coupled to the Bitcoin price.
Selling on the Good News is the name chosen for this website because many bitcoiners have a technology background and lose their shirt daytrading selling low and buying high. The phrase refers to an investment strategy that involves selling an asset when there's an announcement of good news. Selling on the good news assumes that the price rises, sometimes dramatically, on the good news. This is a minor variation on the buy low, sell high investment strategy, in that it assumes that the good news always causes the price to rise, and that the price will fall again soon thereafter. To some extent, selling on the good news also assumes that the market has not priced out the news prior to the announcement.
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Disclaimer SellingontheGoodNews.com makes no guaratee of validity and is for informational purposes only. It is not intended as investment advice, or an offer or solicitation for the purchase or sale of bitcoins or any other financial instrument. No market data or other information is warranted or guaranteed by SellingontheGoodNews.com or its subsidiaries and affiliates as to its completeness, accuracy, or fitness for a particular purpose, express or implied, and such market data and information are subject to change without notice.