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The biggest take away from this is that bots were driving the price up, and preventing its fall. "Bots" offer a lot of stability to the market because they don
by drakaal 13y ago
The biggest take away from this is that bots were driving the price up, and preventing its fall.
"Bots" offer a lot of stability to the market because they don't react to bad news. Though an error can cause "flash crashes" As happened in May of 2010 on the stock market.
http://en.wikipedia.org/wiki/2010_Flash_Crash http://en.wikipedia.org/wiki/2010_Flash_Crash
- clarkm 13y agoHow exactly did these charts lead you to that conclusion?
- drakaal 13y agoLook at several places the bots started binge buying when the price started to fall out.
- poopsintub 13y agoWhat makes you think people wouldn't binge buy when the price started to fall out?
- drakaal 13y agoPeople react to news. They might binge buy, but they sleep, and they don't sell as often there after. The Bots were keeping the price steady by buying and selling. If not for the bots, the ups and downs would have been a lot "peakier"