Quote from: BTC Economist on June 25, 2011, 07:47:51 PM

Quote from: grndzero on June 25, 2011, 07:45:03 PM

Quote from: BTC Economist on June 25, 2011, 07:42:35 PM

Quote from: chodpaba on June 25, 2011, 07:39:49 PM

Quote from: DrYe5 on June 25, 2011, 07:25:49 PM

Quote from: Havoc on June 25, 2011, 07:15:03 PM

Quote from: DrYe5 on June 25, 2011, 06:20:26 PM

The plummet continues... >10% fall from today's high since Mt. Gox opened. No news to break the trend in sight, many holders traumatized by the hack.

No one will fall for your trolling.

Just stating the facts mam.

Oh, I guess facts is facts.

Riddle me this DrYe5... What happens to the exchange rate when one side of the orderbook is empty???

What do you think will happen when Mt. Gox opens with no BTC on the orderbook because everybody withdrew it?

Mt. Gox will be shortly irrelevant so I'm not sure the point of your question. Only a fool would trust their money to Mt. Gox.

For someone representing an economist you suck at answering simple economics questions.

Mt Gox does not exist on an island. The scenario you are implying is not reality.

+1

In that case the price is either zero or >>>30 on Mt. Gox. In that case people buy or sell, transfer to wallet, and go to a real exchange.

The point is, the Mt. Gox debacle is a large bucket of cold water dumped on an overheated engine.

If you have hundreds of BTC on Mt. Gox and you haven't already transferred 100 and sold them on Trade Hill at reasonable prices, and you don't know who the fool is, it's you.