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> There will be no automatic breaks (I think) that usually happen on large stock market drops This is a very, very good thing. There are no breaks going up, t
by laichzeit0 9y ago
> There will be no automatic breaks (I think) that usually happen on large stock market drops
This is a very, very good thing. There are no breaks going up, therefore there should be no breaks going down. What's even better is that Bitcoin is 24/7 so there's not even the option of "waiting for the train to stop" when you're trying to get off.
- bhouston 9y agoThe breaks are there to stop panic selling. That is something that was intensional and learned from the 1987 stock market crash.
- laichzeit0 9y agoThen there should equivalently be breaks to stop panic buying, not so?
- bhouston 9y agoThey are for both directions: https://en.wikipedia.org/wiki/Trading_curb https://en.wikipedia.org/wiki/Trading_curb The trading curbs are incredibly important because if there is false information and everyone rushes to the exit, people can be wiped out in the panic and then find out the next hour that nothing was true. With bitcoin there will likely be settlement issues for days after a crash. It will be messy as hell.