Bitcoin goes up $10 in just one hour

Uses of money:<p>1) medium of exchange<p>2) store of value<p>3) unit of account<p>4) common ground for rumor and speculation!

And it just went down $10 in a few minutes<p><a href="http://aarondfrancis.clarify-it.com/d/mqvp3z" rel="nofollow">http://aarondfrancis.clarify-it.com/d/mqvp3z</a>

Mtgox is having a trade lag above 15 minutes. This is making the market/traders crazy.

For a bitcoin newbie, what are the credible platforms to buy and trade bitcoins?<p>For those that follow bitcoin news, I'm sure there is a plethora of "don't do this," "those guys did this," etc., but what do I do as someone who knows nothing about bitcoins and how to keep them safe?

This is a hugely misleading statement. Zoom out. Regarding the previous 2 hours one could say "Bitcoin collapses by $10 in just two hours". Zoom further out... Look at the last year... Looks like it might recently be a bit of a bubble.

Isn't anyone worried about the Bitcoin bubble bursting? The price is going to get really high because of all the exposure it is receiving right now and people buying a bunch of it hoping that it will just keep going up and up and up.

And there it goes - crashing down $10 in the last minute or so...

This reminds me of a volatile tech stock falling 15+% afterhours after a bad earnings report, only to bounce back 10+% or more the following morning.

No one mentioned about the URL. Ok, I'll mention it :)

I posted this just because I found it very funny that the price went down and then up and people started already writing about it. Maybe I'm the only one seeing the humor in it.

What are the odds that the latest exposure will be followed by sabre rattling from politicians against bitcoin? And would that scare off enough people to drop the price?

Want to know what the price of Bitcoin is <i>really</i> about? Look at the 30-day chart.<p>Classic hype-curve hockeystick. Everyone should by now know what comes next.

Where do I short?!

Lol @ $10 spread.

Time to sell...

Pardon my Bitcoin ignorance, but you can sell, say $1 million worth of coins and not crash the price?<p>How thinly is this traded? 20%+ or - in hours can't be good