Quote from: bitcoinBull on June 07, 2011, 01:56:47 PM

Quote from: Nefario on June 07, 2011, 04:13:50 AM

I heard about this on irc last night.

I wasn't quite sure what to make of it, felt a little worried, and then I checked Mt.Gox

There was a big drop and then a swift recovery at this news, and we've been fairly steady since. What this means is, that the market (the wisest among us) was spooked for a short time, and then after a little analysis dissmissed it. It's as free a market as there is, and it has spoken.

Check the timing a little more carefully. I'm pretty sure the sell-off had already started before the Schumer story, and was mostly finished by the time the story broke. It actually started recovering around the time the story went to press. cbw...

Basicly, the overall market doesn't seem to care.