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I upvoted because the article provided an interesting technical explanation of the fluctuation.
by andrewljohnson 12y ago
I upvoted because the article provided an interesting technical explanation of the fluctuation.
- cjensen 12y agoThe technical explanations were (1) large sell order causes price depression and (2) ensuing margin calls. Those aren't interesting. The first is expected behavior in any low-liquidity market. The second is expected behavior if foolish investors are involved in low-liquidity markets. In other words, this was expected behavior in the bitcoin markets. Both factors are also seen regularly in traditional stock markets.