3 ms·

They crash when people start to do high volume trading, which is the cause of these recent bubbles because the crashes lead to panics.

• deleted 13y ago
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  • fnordfnordfnord 13y ago
    * The lag was hardly a factor influencing how people were trading.* Absolutely untrue, the lag was in the thousands of seconds and only increasing. Then they halted trading. Gox has persistent problems with high trading volume. This is widely known.
    • deleted 13y ago
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      • fnordfnordfnord 13y ago
        The question is whether the lag significantly affected people's behavior, .... The most logical explanation is that Bitcoin was perceived as overvalued at $266 What are you talking about the price for? Nobody is quibbling about the value. We're talking about the quality of MtGox's service, and yes it affects traders' psychology, as well as automated trading bots. Maybe it doesn't affect your psychology, but that might be the difference between an experienced trader and a novice.