NamelessOne
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February 15, 2014, 04:19:11 AM

What I never understand is, somebody dumped 500 coins for 350 on gox and then somebody buys 0.01 coins for 370 and the price jumps up so fast to 370 on bitcoinwisdom. Why does it not go down that fast when somebody dumps 500 cheap coins?
That is the spread. In the situation you just described there are no ask orders from 350 up to 370 thus it is very easy to just buy 0.01 and make the price appear to be 370.