Post
Topic
Board Economics
Re: mBTC for more stability
by
Shneebly
on 07/12/2013, 20:07:04 UTC
Whether it contributed to the crash in the last 24 hrs or it was pure coincidence, who knows. What I do know is I don't believe in coincidence  Wink

It makes sense that they would short BTC, then switch to mBTC, make stupid people panic.

They could either went short on BTC or bought it cheap 2 hours later.

It's very possible that the mBTC switch was a scam attack.

Bitcoinity.com/Markets has a giant "DON'T PANIC" image on their page. Gox, Bitstamp, and BTC-e (the websites you'd need to go through to panic sell your Bitcoin) still price in Bitcoin, so the notion that somebody would not realize something is up is a bit silly.

What website do you believe caused mass chaos?