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Most stock markets stop trading when prices change too much. If this was the case with bitcoin, we'd be limit up each day after a minute or so. The exchanges im
by dx034 9y ago
Most stock markets stop trading when prices change too much. If this was the case with bitcoin, we'd be limit up each day after a minute or so. The exchanges implementing it would lose out vs. others. So not sure they want to implement that now.
- Cthulhu_ 9y agoYeah this is just the thing - you cannot stop the bitcoin blockchain because it's decentralized, and due to competition, individual exchanges can't call for a stop on trading. They can but people will revoke trust in that exchange and move to another one. If Coinbase is down more often in times like this, they will start losing trust too and people will move to the next best competitor. Then again I think by now Coinbase has built up such a good reputation and whatnot that it'd take a lot for that to happen.