Currency manipulation in bitcoin

[evolve]

Every time the BTC price crashes, Mt.Goxs' API goes to shit and trades slow to a crawl (or completely stop like it did for an hour this morning).

I can't be alone in thinking that this is price manipulation meant to prop up the price.

[Spaceman_Spiff]

Crashes coincide with increased volume, no?
If the lag does not exist on high volume moments when it is shooting going up, then maybe you have a point. 

[AndyRossy]

I dont think 1 large exchange is right for many reasons - not only is it a "single point of failure", other issues exist.

[Bit_Happy]

Prop up?
People are panicking and MtGox makes the selling more extreme.

[notme]

Every time the BTC price crashes, Mt.Goxs' API goes to shit and trades slow to a crawl (or completely stop like it did for an hour this morning).

I can't be alone in thinking that this is price manipulation meant to prop up the price.

Same happens on big up moves.  Quit using Gox until they fix their shitty trading engine.  I haven't used Gox in over a year and couldn't be happier with my ability to convert to/from fiat.  There are a lot more options these days.

[evolve]

Crashes coincide with increased volume, no?
If the lag does not exist on high volume moments when it is shooting going up, then maybe you have a point. 

Have you ever seen an hour lag on an upswing? In 2 years, I haven't.

Prop up?
People are panicking and MtGox makes the selling more extreme.

How so? When they start slowing down peoples ability to sell off, the price drop loses momentum.

[notme]

Crashes coincide with increased volume, no?
If the lag does not exist on high volume moments when it is shooting going up, then maybe you have a point. 

Have you ever seen an hour lag on an upswing? In 2 years, I haven't.

Yes.  I remember severe lag during the first run to 32.  This rally has been much slower.

[Bit_Happy]

....
How so? When they start slowing down peoples ability to sell off, the price drop loses momentum.

When Gox is slow people panic even more, since the exchange is horrendous and not usable.
$49 to $33.30 last week
~$48 to $36 yesterday, both HUGE drops while Gox was a frozen POS.

The above numbers clearly (seem to) support my opinion.

[BitcoinAshley]

Again, MORE people complaining about Gox's shitty trading engine or general shadiness due to being big-as-fuck, yet STILL USING GOX

What about this is so hard to understand? If you don't like a service you are not obliged to use it.

Obviously a lot of people still LUVVV MtGox. Not I! Heck I've never even used it due to rumours of the trading engine basically shutting down during times of high volume. The rumours persist, it continues to happen, and people still use Gox. Oh well.

[Bit_Happy]

...
What about this is so hard to understand?...

Gox is where the action/volume is at, that is their only advantage, but it's a huge one.

[notme]

...
What about this is so hard to understand?...

Gox is where the action/volume is at, that is their only advantage, but it's a huge one.

If you're a US seller, it seems bitfloor is where the action is.  Prices are still at $47.  It is helping hold up Gox along with a few of the other exchanges.