Does mt gox get it's info from it's own site as to what the buy and sell prices should be world wide?
What if no-one uses that website anymore, what is the world price going to be? Where else can we get a real graph of what's going on?
Thanks
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Its an exchange so the buyers and sellers dictate the price.
If no one used the site anymore, the price would depend on whether there was a proportionally larger decrease in buyers or sellers.
sellers > buyers the price goes down
buyers > sellers the price goes up
That's basic supply and demand.