I have some general questions regarding the handling of Bitcoins.
1 - There are many markets out there, what i want to know is WHY is MtGox used as the "gold standard".
2 - From a trading point of view could someone possibly buy lets say $5000 worth of BitCoins at the lowest price lets say 18.0 and then sell it back in another market which has a sell price of 20.0. Just doing that you can gain much profits.
1. MtGox is a gold standard for failure and bad managment, u heard wrong or understand in opposite way
2. Its called arbitrage, its known way of making money, but its risky (transfer problems, delays etc)