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Computerized trading has minimal impact on real asset prices, it just adds efficiency and liquidity. Bitcoin is mostly used as a speculative investment vehicle
by codingslave 7y ago
Computerized trading has minimal impact on real asset prices, it just adds efficiency and liquidity. Bitcoin is mostly used as a speculative investment vehicle and for illegal transactions. Most technology (Google/FB), took an existing industry and computerized it (Advertising). Nothing is new, and the situation we are in now was discussed 20 years ago as a possibility, just not by the economists and politicians in power.
- 9wzYQbTYsAIc 7y agoIt does also add new vectors for error propagation.