3 ms·
Compared to stock markets, liquidity is low. Fake news can (and recently has) killed 30% of the market's value in a day.
by bpicolo 9y ago
Compared to stock markets, liquidity is low. Fake news can (and recently has) killed 30% of the market's value in a day.
- CogitoCogito 9y agoI really think there is far too much arbitrary reasoning here and I still don't understand how your average Nordea secretary is well-positioned to influence the bitcoin market. All of the reasoning I've read here seems to apply equally well to all Scandinavians if it applies to all of Nordea workers. It seems to me that a better approach would be for financial regulators to make these decisions or at least provide more warning time than a little over a month. Most Swedes I know need to give at least 3 months notice when quitting. I would hope that Nordea's actions mean that employees could at least quit early if they so choose.
- frgtpsswrdlame 9y agoWell it's really a problem in so far as the bank employee thinks they can influence the market. The bank may care marginally about an employee influencing crypto markets but what they're really worried about is an employee influencing bank customers. There is a huge and pervasive belief in the bitcoin community that they really need to talk up bitcoin, nothing that can happen to bitcoin is really bad, it's destined to climb higher, etc. Even on this board I've read stuff like 'if the top 1% only put 1% of their portfolios in bitcoin it would be worth a gajillion times more.' I can understand wanting to make sure your employees aren't feeling that same way when they're making investment decisions with other peoples money.