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by jandrese
3303 days ago
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For a worldwide market Bitcoin is tiny. It doesn't take that much real money to significantly shift its value. Regular currencies are padded by the fact that trillions of it are spread across the globe in billions of accounts. With Bitcoin you can have one guy making a measly $50m buy and the market will go crazy. Same with a sell. And then there's all of the pileon effects when the market starts to move fast and people panic. The smaller a market is the less buffer it has against volatility. |
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