BitBeat: As Price Surges, Bitcoin’s Wild West Days Come Alive Again – MoneyBeat – WSJ

“Bitcoin exchanges, however, do not have any of the kinds of rules that equities exchanges do. There are no uptick rules. There are no circuit breakers. Not only is bitcoin virtually unregulated, it’s highly automated, and there’s some evidence that traders are shorting bitcoin, then flooding the market with automated sell orders to drive the price down. It all leads to the conclusion that bitcoin has not yet shed its Wild West days.  (Paul Vigna)”


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