Quote:
Originally Posted by woj
hmm, what if MTGox is down, and so you can't accurately determine the current exchange rate? you just make up a price and pray that when MTGox re-opens you aren't going to be down 50%?
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It would most likely use the price of the last trade. This volatility is not normal... It's crazy pump and dumpers trying to make money so who knows how long it will be like this.
There is a movement to quit tieing the price of bitcoins to only MTGox and use the collective exchange rate of all the exchange sites. This would also help alleviate the massive swings caused by MTGox being down.