BTC analogy time After the telegraph was invented, it was …
BTC analogy time
After the telegraph was invented, it was quickly adopted by stock market traders. Eventually, brokers offices would have a ticker tape in their office.
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Telegraph is a limited technology though because it has to print out each stock quote.
During the 1929 crash, there was so much trading activity that the ticker tape was running 2.5 hours behind actual trading. People were trading blind and they panicked.
"Documents that Changed the World: Delayed stock market ticker tape, October 1929"
https://bit.ly/2NGYbKW
BTC has limited block size that slows transactions
It is mostly traded on exchanges that break whenever volume surges
Peak panic volume is ahead