Comments on: Bitcoin update 6/17/11 – We’re taking on water (weekend crash)! http://www.buttcoinfoundation.org/bitcoin-update-61711-were-taking-on-water-weekend-crash Buttcoin - It's Bitcoins with Butts! Thu, 02 Mar 2017 10:36:00 +0000 hourly 1 https://wordpress.org/?v=4.7.5 By: Bitcoin http://www.buttcoinfoundation.org/bitcoin-update-61711-were-taking-on-water-weekend-crash#comment-85 Fri, 01 Jul 2011 12:05:16 +0000 http://buttcoin.org/?p=219#comment-85 […] for goods and services. The value of Bitcoins fluctuated by the minute, and would often times lose 30% of it

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By: Chucks http://www.buttcoinfoundation.org/bitcoin-update-61711-were-taking-on-water-weekend-crash#comment-53 Sat, 18 Jun 2011 20:22:59 +0000 http://buttcoin.org/?p=219#comment-53 The crashes probably occur because most of the forms of cash deposit in the exchanges rely on banks, which don’t work on the weekends. This reduces the potential buyers on the weekends even though sellers have no problem getting bitcoins in and out. As a result, the price will be depressed- and if it depresses enough, it can cause a panic and short term sell-off, even if there are buyers out there who would be willing to buy at the current or higher price.

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