On: Bitcoin Value Loses Its Mind as Trading Lags on the Mt.Gox Exchange

[jychang]

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...

[waps → jychang]

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.