On: Mtgox stops trading for 12 hours

[sks]

Worst way to stop a crash.

[Heliosmaster → sks]

well.. it's not unheard of: http://en.wikipedia.org/wiki/Trading_halt

[fr0sty → Heliosmaster]

That is only effective if you have all exchanges working in a coordinated fashion. Halting trading on a single exchange (even if it is the largest) does nothing to arrest the fall since trading can (and will) continue at other marketplaces.

[leishulang → fr0sty]

Awesome. I'm buying back in at $8.

[cjg → leishulang]

Why is this comment exactly the same as the one posted by jeremyjh to the OP two hours before yours.

[lucaspiller → sks]

Best way to manipulate the market.