Post
Topic
Board Bitcoin Discussion
Re: MTGox: Not previous pre-hack price, do it at current price
by
CryptoCommodity
on 24/06/2011, 06:57:31 UTC
There will be no starting price.  The market will set the price by placing buy and sell orders.

I would expect when the market opens the best buy offer you will see is ~$5 and the best sell you will see is ~$20.  The spread will gradually lower until orders begin to be matched.  That will be the new market price.