multiple order books means liquidity is thinner than a centralized book - leads to volatility.
Many cryptocurrency users, thus prices, depend on large exchnges, but lrg xchngs r vulnerable, creating volatility. http://news.8btc.com/breaking%EF%BC%9Achinas-pboc-inquires-chinas-btcc-okcoin-and-huobi …
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That happens but here it is not as important as external causes of volatility.
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Flash crashes occur in world's most liquid markets - DJI in 2010 Cable in 2016. Reason = Information gap not exchanges
End of conversation
New conversation -
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If only there was a way of having a non-state currency to act as a unit of a/c with no need for FX?
Thanks. Twitter will use this to make your timeline better. UndoUndo
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PBOC January statement is best we can expect to support
#BTC as it becomes now, officially, a virtual good.Thanks. Twitter will use this to make your timeline better. UndoUndo
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