Comment on The reason Bitcoin Crashed todayComments−phasevar13yCan someone explain how this image relates to the title?−kyrias13ySomeone made lots of offers of 0.02 bitcoins for lower and lower price−ponyous13yThis wouldn't drop the price. There were just too many transactions and their engine couldn't handle it. So:-> Lag -> Panic -> Selling -> Price drop
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Can someone explain how this image relates to the title?
Someone made lots of offers of 0.02 bitcoins for lower and lower price
This wouldn't drop the price. There were just too many transactions and their engine couldn't handle it. So:
-> Lag -> Panic -> Selling -> Price drop