How does DDoS affect BTC price - page 2.

gimme_bottles

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Quote from: Minor Miner on April 10, 2013, 05:08:41 PM

Quote from: gimme_bottles on April 10, 2013, 05:06:29 PM

Quote from: ?? on ??

Alone, it wouldn't do all that much. It is typically accompanied by a huge sell off first.

you forget a trading platform with shitty implemented algorithms Roll Eyes

How about something like a SOP policy to HALT trading when shit like this happens? Who runs that place? Really need an adult run exchange, there should be enough money in it to get real people interested.

i missed the "crash", but a few minutes ago i saw a quote somewhere here that said they stopped accepting new orders for some time. anyone knows more about this?

evolve

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daytrader/superhero

Quote from: Elwar on April 10, 2013, 05:07:37 PM

Except for the fact that the huge drops in price are always combined with huge MtGox lag.

Yeah, thats the point. The lag allows Mtgox to prop the market (by slowing down the freefall) during a crash.

Minor Miner

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Be A Digital Miner

Quote from: gimme_bottles on April 10, 2013, 05:06:29 PM

Quote from: ?? on ??

Alone, it wouldn't do all that much. It is typically accompanied by a huge sell off first.

you forget a trading platform with shitty implemented algorithms Roll Eyes

How about something like a SOP policy to HALT trading when shit like this happens? Who runs that place? Really need an adult run exchange, there should be enough money in it to get real people interested.

Elwar

legendary

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Viva Ut Vivas

Quote from: evolve on April 10, 2013, 05:05:49 PM

It doesn't. People just don't want to admit that investor confidence might be shook, and the whole meteoric rise in price was all a charade, so they are looking for a scapegoat.

If anything, MtGox lag slowed the freefall.

Except for the fact that the huge drops in price are always combined with huge MtGox lag.

Unfortunately they will be fixing this today (tomorrow there) and I cannot write my trade bot to take advantage of it.

gimme_bottles

sr. member

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Quote from: ?? on ??

Alone, it wouldn't do all that much. It is typically accompanied by a huge sell off first.

you forget a trading platform with shitty implemented algorithms Roll Eyes

Minor Miner

legendary

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Be A Digital Miner

Quote from: gimme_bottles on April 10, 2013, 05:04:09 PM

if trading sites become unaccessable some people tend to panic selling, which increases load on the servers even more.

BTC exchanges are HEAVILY weighted to the buy side since some many new people are opening accounts. When you freeze access to the site, these new buyers cannot get on and buy so it makes it easier to sell. When things freeze up and fall, people with little sense panic and yell fire as they run to the exits.

evolve

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daytrader/superhero

It doesn't. People just don't want to admit that investor confidence might be shook, and the whole meteoric rise in price was all a charade, so they are looking for a scapegoat.

If anything, MtGox lag slowed the freefall.

BCB

vip

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BCJ

Did you not watch the market implode today??

That's how it effects the price.

gimme_bottles

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if trading sites become unaccessable some people tend to panic selling, which increases load on the servers even more.

masize

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Rockefeller Oil in his time, Today is BTC time

Can somebody explain how DDoS makes BTC price drop?

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