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Topic: [2014-08-20] High Volatility Exposes Bitcoin’s Fragility (Read 728 times)

legendary
Activity: 4466
Merit: 3391
Quote
Yesterday saw an exchange, Bitcoin (BTC-e)-e, break down and have a significantly lower price than other exchanges. ... The price now seems to be back in line with other exchanges but this is an example of how fragile the Bitcoin market can be.

He makes an odd statement.

When he writes "fragility" in the headline and "fragile" in the quote above, he isn't referring to Bitcoin, but instead to sensitivity of the exchange rate to external factors -- In other words, the volatility.

So, his headline effectively says, "high volatility exposes Bitcoin’s volatility".
legendary
Activity: 1582
Merit: 1064
High Volatility Exposes Bitcoin’s Fragility

http://www.investing.com/analysis/high-volatility-exposes-bitcoin%E2%80%99s-fragility-223278

Yesterday saw an exchange, Bitcoin (BTC-e)-e, break down and have a significantly lower price than other exchanges. The other exchanges saw the price dip below $440 briefly, whereas BTC-e hit a low of $309 for a significant amount of time. The price now seems to be back in line with other exchanges but this is an example of how fragile the Bitcoin market can be.
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