Topic: Could a Crash be precipitated by slow website performance? (Read 805 times)
13 minute lag
From what I've seen when MtGox is slow it takes ages to place a sell order. This might in fact slow down the price drop.
How can you sell when you can't reach your trading website?
How can you sell when you can't reach your trading website?
I think I know where you're going with this...
Bitcoin drops $0.10?
SHUT
DOWN
EVERYTHING!
Who knows I can't get any decent data at all! Everything is so slow!
From what I've seen when MtGox is slow it takes ages to place a sell order. This might in fact slow down the price drop.
How can you sell when you can't reach your trading website?
How can you sell when you can't reach your trading website?
I think I know where you're going with this...
Bitcoin drops $0.10?
SHUT
DOWN
EVERYTHING!
From what I've seen when MtGox is slow it takes ages to place a sell order. This might in fact slow down the price drop.
True. Because of this people might be more inclined to click "market order" on who-knows-how-many-btc just out of panic. The more people click that, the faster things could get out of control.
From what I've seen when MtGox is slow it takes ages to place a sell order. This might in fact slow down the price drop.
How can you sell when you can't reach your trading website?
How can you sell when you can't reach your trading website?
I think it's not unreasonable to consider the possibility that a lack of information about the current status of the market due to overloading of websites could induce a crash. Users, unable to be sure of what the current market status is, yet positive that some sort of great movement is in motion (due to not being able to access the trade websites) might be inclined to think the worst or assume the worst and sell. This might be what we are seeing right now.
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