> On the contrary this is just the most pronounced in a series of recent coordinated DDOS / aggressive selling attacks designed to (successfully) inspire panic.
The bitcointalk forums and /r/bitcoin are full of paranoia like this. After months of stress trying to divine market patterns, people see market manipulation and conspiracies everywhere.
The simple truth is that there was an agressive bubble. The doubling period for the price was halving with each iteration[1]. If you looked at the log plot[2], it still looked exponential! A crash was inevitable.
> On another note, mtgox.com the main exchange is shockingly unfit for purpose.
They have a big update scheduled for April 17th[3].
The bitcointalk forums and /r/bitcoin are full of paranoia like this. After months of stress trying to divine market patterns, people see market manipulation and conspiracies everywhere.
The simple truth is that there was an agressive bubble. The doubling period for the price was halving with each iteration[1]. If you looked at the log plot[2], it still looked exponential! A crash was inevitable.
> On another note, mtgox.com the main exchange is shockingly unfit for purpose.
They have a big update scheduled for April 17th[3].
[1] https://bitcointalk.org/index.php?topic=171312.0;all
[2] http://bitcoincharts.com/charts/mtgoxUSD#rg180ztgSzm1g10zm2g...
[3] https://mtgox.com/press_release_20130409.html