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SilasX
on Dec 7, 2017
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Bitcoin Exchanges Are Buckling While the Price Sur...
What really scares me is that there is divergence across exchanges. As of 9:30am on December 7th (PT), Gemini still shows $16,100 as the 24 hour peak.
hnarn
on Dec 7, 2017
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Why is divergence across exchanges "scary"? It just indicates a chaotic market.
SilasX
on Dec 7, 2017
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parent
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Because it means something is stopping the arbitrage trades from happening, like with MtGox and the throttled can't-ever-be-fulfilled withdrawals.
Cthulhu_
on Dec 7, 2017
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Yeah, a 210K+ backlog in unconfirmed transactions and soaring fees:
https://blockchain.info/unconfirmed-transactions
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