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/biz/ - Business & Finance

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6165276 No.6165276 [Reply] [Original]

What did gdax mean by this?
https://blog.gdax.com/bitcoin-cash-launch-retrospective-79c2eb7d9175

>> No.6165723
File: 61 KB, 622x1280, 2018-01-09 11.31.37.jpg [View same] [iqdb] [saucenao] [google]
6165723

they couldn't handle the liquidity problems as to many orders.

I think they will wait till after the 15th when BCH get the new address system in place

>> No.6165800

>>6165276
no new info. just "pr"

>> No.6165854

In the 2 minutes and 40 seconds the BCH-USD book was open for trading:

4,443 orders were placed
3,461 matches occurred
2,202 market orders executed
$15.5 million USD of trading volume occurred
During this period, nearly 90% of all market orders were buy orders. This resulted in a thinning of liquidity and a rapid increase in price on the BCH-USD book.

to the moon

>> No.6166104

>>6165276
>Despite our best efforts to create a fair and orderly market, the launch did not go as expected

lmao wtf did they expect?

>On November 13th, 2017, employees were notified of the decision to support BCH trading and were explicitly prohibited from buying and selling BCH.

Nahhhh not a clear lie considering the MASSIVE pump 2-3 days before and the obvious accumulation 2-3 weeks before that.

Like its hard to xfer some coins and trade them for bcash without them knowing, unlike some trader buying stocks on inside info without anyone knowing.

bullshitters.