China and btc e falling by themselves over the last hour or so, gox barely any volume.
Can we trust the data posted by those exchanges?
Are those bids and offers real? Are the transactions real, or just being simulated to sustain a price that finds no real buyers?
During the crash, when the price was down to 800$ on its way to 550$, Mt. Gox stopped reporting the real data, instead looped the last 5 minutes over and over, at least 5 times. Was that a bug, or were they trying to hide the crash?
By now everybody who has looked into this market must have realized that, even if the bitcoin survives as a currency, its market is a pyramid schema (or, euphemistically, a zero-sum game): every profit one makes by investing in bitcoins must be the loss of someone else. So, can we trust that operators of sites that serve a pyramid schema?
