Author

Topic: [2014-08-16] Did Margin Trading Crash the Price of Bitcoin? (Read 752 times)

newbie
Activity: 8
Merit: 0
Yeah we need much more usage and adoption vs. speculation.  Once real world use outstrips speculating this should stop?
legendary
Activity: 1456
Merit: 1010
Ad maiora!
I've felt this sentiment for a very long time. Manipulation of the traditional markets through margin trading is so prevalent that it is merely an accepted way of doing business. If it can be done on huge markets like forex, a comparatively tiny market like btc would be like shooting fish in a barrel. Now that btc has the big players attention we are going to see more and more manipulation, its how those guys play.

what btc really needs is mass adoption. if its primary use is as a speculative instrument it will continue to get pumped and crashed to the point where no one will trust it as a means of exchange. I'm afraid we are going to see many many scandalous manipulations of the price through unscrupulous exchanges and traders before we see anything remotely resembling trust here.
sr. member
Activity: 406
Merit: 250
http://www.coindesk.com/margin-trading-crash-price-bitcoin/

The price of bitcoin declined to its lowest level since May yesterday, falling nearly 10% and ending what had been a long period of relative optimism and stability for the global bitcoin market.

But while there were many theories as to what news events could have caused bitcoin’s value to fall into such a steep decline, some market observers believe that this most recent movement may have been caused not by external factors, but by the actions of bitcoin traders.
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