Unlike traditional stocks, it is difficult to place trading limits on cryptocurrencies like bitcoin and dogecoin due to their decentralised design. Even during periods of extreme market volatility, no major exchange has ever blocked users from buying or selling established cryptocurrencies.
“An increasing recognition of bitcoin’s distinctive traits should outlast the current GameStop interest,” said Paolo Ardoino, chief technology officer of cryptocurrency exchange Bitfinex.
"While nascent, cryptocurrencies have the potential to invert the power structure of inequitable financial markets that are weighed against retail investors.
“I won’t speculate on whether this is a one-off event or not, but I’m confident that these types of social channels have the potential to cause further disruption to the status quo and challenge the financial elite.”
Source: https://www.independent.co.uk/life-style/gadgets-and-tech/dogecoin-price-stock-buy-gamestop-reddit-bitcoin-b1794695.html (Accessed 01Feb2021)
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