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Published 10 months ago with 4 Comments

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  • NinjaKlaus
    +4

    Well if it operates like a stock market and I decide to pull my 60 coins and cash out of course the price is going to drop, if hundreds of people do this it's going to be a volatile market. No regulations on it means there is nothing like the shutdown of the NYSE if too much is sold.

  • leweb
    +4

    IIRC this is called the “Bull trap”. But who knows with this thing.

  • junglman
    +3

    I think a "slump" by definition should last more than 1-2 days :P

    • leweb (edited 10 months ago)
      +4

      In the case of bitcoin, 1 hr = 1 day.

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