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Does it matter why? The fact of the matter is that they do panic, and it's not actually useful for market stability. Some might say "too bad so sad, don't be t
by rtpg 9y ago
Does it matter why?
The fact of the matter is that they do panic, and it's not actually useful for market stability. Some might say "too bad so sad, don't be tools". But a market where people can actually trust the intent behind buy/sell orders is going to be better for everyone involved.
The objective isn't to have the least regulation possible, but to try to have the "best" market possible
- Jabanga 9y agoThis is a self-correcting problem. Traders who fall for fake walls lose their capital, and thus influence on the price, to those who do not. The feedback loops and incentives of the market cause it to evolve toward a more price-stable configuration.