Post
Topic
Board Speculation
Re: Bots have stalled Bitcoin trading on MtGox @ $14.02
by
Serge
on 14/07/2011, 07:33:20 UTC
I don't see the problem. If you think 14.02 is a low price, buy. If you think it is a high price, sell. Never mind the bots, the market will sort it all out.
I'm quiet fine with whatever value BTC is.  re "the market will sort it all out" - aren't we the market?

Collectively, yes. Which is my point. The price is $14 because many of us think it should be. If a lot more were willing to buy the prices would move up, bots be damned. Same with selling.

In any case, I don't think bots are completely to blame for the price stability. A big buy, or a big sell, could still move the market.
You are right. Unless bots have deep pockets they won't matter much in large movements.