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They lock, other than scaling issues, because of liquidity. Bitcoin cash opened with a thin market and ran up to $9,500 in 4 minutes before they halted the mark
by dahdum 9y ago
They lock, other than scaling issues, because of liquidity. Bitcoin cash opened with a thin market and ran up to $9,500 in 4 minutes before they halted the market. Was still trading at ~$3k elsewhere at the time.
An open/close or restart isn't needed because all assets are being heavily traded elsewhere. If they switch to post only the arb bots will fill their book over time.
Leverage will rip your face off.
- makomk 9y agoThe Bitcoin Cash fiasco is a good demonstration why their approach to opening markets doesn't work - if the correct market price at open is different from the initial price people start placing orders around, no-one can place orders on one side of the book for anywhere near market price, which means there isn't enough liquidity at open, which causes chaos. Apparently they've given up on opening the BCH-EUR and BCH-BTC markets altogether until January after this looked like it was going to happen again with those.