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Traders use stoploss orders when they enter a position. After a few days or weeks of this, there’s a huge pile of these stoploss orders, on both sides. A bit of
by mathgenius 7y ago
Traders use stoploss orders when they enter a position. After a few days or weeks of this, there’s a huge pile of these stoploss orders, on both sides. A bit of movement is all it takes to trigger an avalanche.
- shepardrtc 7y agoThat's true. I guess it kinda shows that Bitcoin isn't really being used out in the real world. If there was true utility, large sales would be eaten up quickly by entities needing to transfer money.