So Gox is still leading the price. Can someone explain this to me. I realize most some traders are pretty stupid, but THIS stupid.
Fixed.
The bots, that are programmed by humans, reacted to the price at MtSux within minutes. Why they are set to act when gox does is beyond me.
Yes, there is quite a bit of speculating about what has been going on inside of Gox.... surely, the news bulletin lacked many specifics, and it seemed to have been written that way on purpose in order to facilitate panic.
Then Gox have there bots skimming or whatever it is that they are doing, and people are going to go along with it to sell, sell, sell.... but they do NOT know exactly when to buy, and the bots have the advantage b/c they can pump in a bunch of resources in order to change the direction of the prices from sell, sell , sell to buy, buy, buy...
Regular people are genuinely out gunned... and just guessing at best to try to predict a reasonable turning point.
EDIT: It seems also that a lot of us are hoping for the day that BTC has a large enough market cap in order NOT to be manipulated... HOWEVER, that day is probably quite far into the future... Probably, BTC needs to move to a larger market cap of maybe 100 Billion... but even in the scheme of things, 100 Billion remains a pretty small market cap when it comes to the dynamics of manipulation of markets
