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Exactly. If I see the price of Apple drop precipitously, I might think that somebody is manipulating the market, but I'd be a fool not to buy it at $5/share.
by redthrowaway 15y ago
Exactly. If I see the price of Apple drop precipitously, I might think that somebody is manipulating the market, but I'd be a fool not to buy it at $5/share.
Also, what if it wasn't an attack? What if someone with a lot of bitcoins was running a malconfigured script? We've seen flash crashes in the real world caused by automated trading; why would btc be any different?
- tomp 15y agoOr, what if it wasn't an attack, and someone was really trying to sell his bitcoins, either because he needed the money/thought that was a rational thing to do, or because he wanted to drop the market price for whatever reason. I think that the OP considered the above possibilities and acted rationally. However, he also considered the possibilitiy of this being an attack/theft/hack and acted NOT like a dick.