Buy the rumor, sell the news

When it comes to investing, following what the media is saying is rarely a good idea. Generally speaking, by the time the media has picked up on a price movement, most people will be looking to sell.

The evidence

Have a look at this screenshot below. At the same time that a very popular news outlet posted about Ethereum taking over Bitcoin, the Bitcoin price rallied and Ethereum crashed! Talk about selling the news.

The timing is just uncanny.