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Bitcoin Forum > Bitcoin > Bitcoin Discussion > Press > 2013-04-11 Bitcoin Price-Drop Caused By Rush Of Interest, Not DDOS...
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Author Topic: 2013-04-11 Bitcoin Price-Drop Caused By Rush Of Interest, Not DDOS...  (Read 981 times)
gweedo (OP)
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April 11, 2013, 06:43:25 PM
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http://techcrunch.com/2013/04/11/bitcoin-price-drop-caused-by-rush-of-interest-not-ddos-says-mt-gox-exchange-newcomers-now-opening-20k-accounts-per-day/

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The Bitcoin correction we wrote about yesterday was not caused by a DDOS attack on one of the largest Bitcoin exchanges, Mt.Gox, but rather by a massive spike in interest in the crypto currency, according to Mt.Gox.

During trading yesterday the value of Bitcoin plummet by 60%, dropping from a high of $265 to around $150 (at the time of writing it has climbed back up slightly, to around $180). As the value of Bitcoin dropped, San Francisco-based exchange called TradeHill claimed the fall was a result of distributed denial of service attacks on Mt. Gox and Bitstamp.
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April 11, 2013, 07:20:09 PM
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Let's make them victims of their own failure.
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April 11, 2013, 10:51:15 PM
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How does that make any sense?  It made the site lag?  Otherwise....more interest = higher prices.  I don't buy the lagging of the site business either...
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