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Title: [2014-08-21] Why Margin Trading Became the Scapegoat for Bitcoin’s Price Decline Post by: erono on August 21, 2014, 03:56:27 AM http://www.coindesk.com/margin-trading-blame-bitcoins-price-decline/
The price of bitcoin has been the focus of increasing debate over the past week, as, in the wake of its roughly $100 fall, the wider digital currency community has sought to find an answer for what could have caused such a sudden and unexpected movement in the market. Adding to concerns were the two ‘flash crashes’ that reverberated widely in the mainstream press, one observed on Hong Kong-based bitcoin exchange Bitfinex and the other more recently on BTC-e – both of which have been widely attributed to the effects of the exchanges’ margin trading services on their respective markets. |