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    Home / Business / 5 times quickfire crypto traders bought the news for double (or triple) digit profits
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December 13, 2021
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5 times quickfire crypto traders bought the news for double (or triple) digit profits

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Buy the rumor? It depends how fast you pull the trigger when the news breaks. These mind-bending returns rewarded crypto traders who were fastest on the draw… Here’s how you can join them.

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Why do crypto traders “buy the rumor, sell the news”?

Simple. Because whispers of exchange listings or big-name partnerships reach very few people… while an article in Cointelegraph can reach hundreds of thousands of crypto enthusiasts in seconds. While insiders are quietly amassing tokens on rumors, the rest of us are completely ignorant of what may be coming.

But, with rumors, there are no guarantees. This can lead to disappointment and serious loss of investment for those traders who gamble that they’re true and end up wrong.

So, how can you possibly compete with thousands of other market participants when important news actually breaks? You’d have to be one of the very first to know in order to catch the price before it spikes.

Look at the examples below — the time between a closely-guarded announcement and a massive price spike of 144% can be just a few minutes.

NewsQuakes™ on the Cointelegraph Markets Pro data intelligence platform allows you to completely outsource monitoring the crypto news space to artificial intelligence. The machine learning algorithm automatically combs through thousands of relevant sources and instantly alerts members via mobile notifications when potential market-moving events are detected.

NewsQuake™ announcements are snapped from primary sources such as exchange websites, Medium posts, or projects’ Twitter accounts, meaning that traders don’t have to wait for the media or their favorite influencers to turn raw information into a story.

Extensive research has identified three types of news — exchange listings, staking and partnership announcements — that are most likely to spark strong rallies.

Here are five stories that alerted traders to massive profit opportunities in 2021, and a few dramatic illustrations of how NewsQuakes™ tipped off Markets Pro members.

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