[2015-08-20] Bitcoin price falls to $214, recovers to $233 amid Bitcoin XT discu

[milaliss]

Bitcoin price falls to $214, recovers to $233 amid Bitcoin XT discussions

After a period of relative price stability, it seems that the famous volatility of the digital currency is back. The reasons are an important bitcoin sale on Bitfinex and an uncertainty surrounding Bitcoin XT.
http://www.coinfox.info/news/2802-bitcoin-price-falls-to-214-recovers-to-233-amid-bitcoin-xt-discussions

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[TraderTimm]

It all had to do with the order stacks on Bitfinex, and its hamster-in-a-wire-wheel order matching engine. Lag spiked pre-sell-off as well, which then plunged users into a laggy hell where (and I shit you not) the official instructions was "only click a button once when that happens". You've got to be shitting me. But hey, Bitfinex is all happy with the volume, which translates into fees, so who gives a crap if a few thousand newbies got plowed under the ground? Bitcoin XT had fuckall to do with this, the order imbalances between margin longs and shorts existed before that crap-pile had hit the net.

[Kprawn]

Yes, I also listened to that TeamSpeak and the "Do not click more than once" excuse was not fair to the people who lost money in the flash crash it caused in it's wake.

Bitfinex got a huge reputation bash because of this, and trust would become a real issue in future. Some people were calling for a rollback, but I doubt if that would ever happen.

They already ate the nice fee's generated through all of this... Why would they rollback now.