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A comment on The MtGox 500.

Re:The MtGox 500 by drakaal on Thursday March 20, 2014 @01:54PM (#7437329)
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

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Re:The MtGox 500 by clarkm on Thursday March 20, 2014 @02:10PM (#7437446)
How exactly did these charts lead you to that conclusion?
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Re:The MtGox 500 by drakaal on Thursday March 20, 2014 @02:49PM (#7437730)
Look at several places the bots started binge buying when the price started to fall out.
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Re:The MtGox 500 by poopsintub on Thursday March 20, 2014 @03:21PM (#7437941)
What makes you think people wouldn't binge buy when the price started to fall out?
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Re:The MtGox 500 by drakaal on Thursday March 20, 2014 @04:51PM (#7438669)
People 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"
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