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Topic: Cause of the BTCUSD Crash on February 13th, 2012 - page 2. (Read 3433 times)

newbie
Activity: 48
Merit: 0
Your premise is wrong.  TradeHill isn't liquidating BitCoins.  BTC holders withdraw in BTC; USD holders withdraw in USD.

Thank you for your comment.  It appears that at Trade Hill is working to return one BTC holder's deposit (made in USD), which is currently in BTC, back in USD through Dwolla.  http://tradehillblog.com/2012/02/13/tradehill-suspending-trading-and-returning-client-funds/#comment-580

What source are you using as the basis of your argument?
newbie
Activity: 48
Merit: 0
There was no crash.  Are you confused about market trends?

Thank for you comment.  A crash is defined as a loss of more than 20%, as seen in 1929 and 1987.  BTCUSD fell from $5.50 to $4.20 within 24 hours.  That is a 23.6% drop.  That is a crash.

Interesting though you consider a 23.6% drop as simply a market trend.  It goes to show that "volatility" is relative and some BTCUSD traders are accustom to the extreme price moves of BTCUSD.
hero member
Activity: 728
Merit: 500
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Your premise is wrong.  TradeHill isn't liquidating BitCoins.  BTC holders withdraw in BTC; USD holders withdraw in USD.
member
Activity: 70
Merit: 10
There was no crash.  Are you confused about market trends?
newbie
Activity: 48
Merit: 0
Hi, below is a link to a blog post on what caused the BTCUSD crash on February 13th, 2012.

http://blog.bitcointitan.com/post/17660291959/cause-of-the-btcusd-crash-on-february-13th-2012

I am happy to have discussions either on my blog, this forum, or on https://ogrr.com/viewtopic.php?f=26&t=909.
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