Why? Maybe then the developers and the community heads will wakeup and find ways to improve things. Dell has started to accept it and we are still suffering for immature problems. The fact that these exchanges can have such widespread effects is appalling. Imagine if I sell 200k bars of chocolate at a cut price in a matter of a few minutes to lots of people then all these other chocolate sellers do the same because I did it! How stupid would that be?? Imagine if bars of chocolate were sold on exchanges? It would be ridiculous. We need systems in place to stop this stupidity. This is not how things should be working. It doesn't reflect the desires of the majority of holders at all. How can you make the price dependent on what a few do? Exchange programmers need a clever solution in mind to sort this out.
I hope BTC sinks further so that these guys wake up and change their algorithms.
no one is waking up and nothing is changing. cmon now!
In my experience here people tend to follow the market in what they predict the price will do in the future. For example people will say the price is going to the moon when the price is rising and the opposite when it is falling.