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Whoa! It's plummeting just as I come here to read this thread.

http://bitcointicker.co/

I saw the first news of the Chinese restrictions last evening (United States time zones) and a person who kindly replied to my post here yesterday recommended the link I've just put here for tracking the price of Bitcoin. I saw this thread just after seeing

http://www.latimes.com/business/money/la-fi-mo-china-bitcoin...

on Google News.



I watched it live as it hit $600. A bunch of buy orders held it there for a few minutes, and then after burning thru all of them, it dropped like a rock to ~580.

I wonder where I can learn about day trading this stuff...


Answer yourself 2 questions :

1) why does trading lag on MtGox ... who benefits ?

2) does this happen every time the value drops ?

And you'll be back to day trading something else very quickly.


Pretty wild. I opened your first link maybe 20 minutes ago and the price was $650. And now it's $750.

The volatility is just crazy.




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