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On Bitcoin exchanges, sure. But here I think there's too much liquidity and automated trading.
by comboy 9y ago
On Bitcoin exchanges, sure. But here I think there's too much liquidity and automated trading.
- MichaelDickens 9y agoI believe the recent Ethereum flash crash demonstrated that this strategy wouldn't work for cryptocurrency either. Ethereum price dropped to $0.10, but it rebounded in about 5 seconds because trading algorithms put in lots of bids at the really cheap price.
- j_s 9y agoIt did work, but not for many. https://news.ycombinator.com/item?id=14611653 https://news.ycombinator.com/item?id=14611653 https://news.ycombinator.com/item?id=14690908 https://news.ycombinator.com/item?id=14690908
- wcummings 9y agoToo much liquidity?