Quote from: bitcon on February 20, 2014, 11:31:24 AM

Quote from: CC23 on February 20, 2014, 11:13:31 AM

Quote from: bitcon on February 20, 2014, 11:08:24 AM

something i noticed while waiting for the news from japan in BTC trollbox this morning - a big dump happened about 30-60 minutes before the "news" was even announced. what are the odds that a dump happens just right before gox releases their statement? something smells fishy here. i smell a Karp.

Bots. Just before the dump the price randomly decreased a little and stayed there long enough to trigger sell orders - apparently big ones that caused a panic. I smell incompetence and loss of nerves @gox team and mostly paranoia @traders. I may be right or wrong, no idea.

definitely not bots. bots dont make huge volume trades for no reason. especially when there were only small trades happening the previous 24+ hrs.

depends. some EMA bots do. Nearly nothing happening for a long time => EMA lines converging - then a small but consistent dip => lines cross, sell everything.