RE: Here's what caused the EOS crash last night

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Here's what caused the EOS crash last night

in eos •  7 years ago 

It's primarily an issue of consolidation right now.

Given so many users in China are arbitraging other markets if 95% of their holdings are in Yunbi and 5% are in another market, if Yunbi crashes they can safely sell off 5% below market value to protect their over all investment. This just leads to cascading crashes.

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Basically speculative trading with assets that they do not own or have...aka gambling.