Post
Topic
Board Speculation
Re: GOX ANNOUNCEMENT - No withdrawals yet!
by
CC23
on 20/02/2014, 11:49:11 UTC
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.