An $814M Mystery Near the Heart of the Biggest Bitcoin Exchange

Re:An $814M Mystery Near the Heart of the Biggest Bitcoin Ex... by empath75 on Tuesday December 05, 2017 @12:34PM (#15853494)

Markets are wrong all the time. See the dotcom crash, the 2008 crash, etc.

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Re:An $814M Mystery Near the Heart of the Biggest Bitcoin Ex... by Cyberdog on Tuesday December 05, 2017 @02:22PM (#15854845)

So a crash is a market being wrong?

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Re:An $814M Mystery Near the Heart of the Biggest Bitcoin Ex... by nerfhammer on Tuesday December 05, 2017 @03:04PM (#15855269)

A crash is a market realizing it had been wrong about something, yes.

Or, a "crash" as defined a dramatic plunge rather than a downturn over time is usually some kind of feedback loop where prices falling creates expectations that prices will drop even further and so on, often if the market is mostly driven by greater-fool-theory herd behavior.

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Re:An $814M Mystery Near the Heart of the Biggest Bitcoin Ex... by rsynnott on Tuesday December 05, 2017 @02:26PM (#15854887)

To a large extent, yes, often. See the dot-com bubble, for instance.

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