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Comment: That what I'm saying.

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In reply to comment: Your comments are nonsensical. (see in situ)

SteveMT's picture

That what I'm saying.

If one or more people bought in a coordinated fashion, then all sold in the same way, what do you call that strategy? We'll never know for sure, but this is what some believe happened.

"We’ve reached out to one of the biggest exchanges, Mt. Gox, to see what happened. But another San Francisco-based exchange called TradeHill is saying that the crypto-currency is falling because of apparent distributed denial of service attacks on Mt. Gox and Bitstamp. A denial of service attack happens when an attacker overwhelms a target with external requests, so that it can’t honor regular requests from legitimate users."

"This also happened last week when Mt. Gox when Bitcoin reached $142 and hackers attacked the exchange. At that point, Mt. Gox said it had suffered ”its worst trading lag ever.”