The price on bitcoinbuilder being 0.6 being a prime example. Any sensible person would have known that a 40% discount in btc terms in the circumstances was wholly inadequate.
This is a prime example of what happens if there is a supply shortage, GoxBTC have only a limited supply (the total number what was in builder before gox went offline. And people can bring in unlimited real BTC.
This is also why I love BTC, limited supply and low inflation, Sure there will be BTC banks/exchanges operating under fractional reserve, but to get more than double the amount of BTC (IOU's) into circulation is quite hard, people just need to take delivery of their BTC so those businesses can fail.
This also why i hate LTC, way to much inflation.
Which proves the point that the price was idiotically high because punters were engaging in risk seeking behaviour rather than being rational actors.
*edit* yes I have my doubts about ltc.