So in watching Bitcoinwisdom; it's apparent to me that the other exchanges are following the trading activity on MtGox.
I don't know if it's mostly bot trading or if there are actually people stupid enough to follow this trend...
In any case, it looks like a $200 spread is about all we will see. If Gox goes down to $1 then it looks like Stamp, BTC-e, and Huobi will slit their own throats...
This is a sad day indeed. The hearts of man have failed; a foul darkness spreads...
(I sold 1/3 of my BTC at $796 after the BitcoinSteve prediction just as a safe hedge... I'm still saddened by this series of events even when I stand to profit greatly from it.)
Well, yes its sad to see other exchanges following Gox but its particularly hard not to while being manipulated.... I say most of those large dumps on other exchanges are made by Mark and his friends:
https://bitcointalk.org/index.php?topic=464465.0These exchanges are rat poison. They are anything but transparent and are susceptible to complete corruption. An incredible amount of money can be made by trading based solely private exchange data, let alone directly monkeying around with the books.