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The breaks are there to stop panic selling. That is something that was intensional and learned from the 1987 stock market crash.
by bhouston 9y ago
The 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.