what is the mt gox chart actually showing

[slowlyslowly]

Hi

I follow the mtgoxlive graph on their site. if i read the comments in this forum correctly you currently cannot even get bitcoins offered for sale through them back to your wallet ie there is trading halt while they do system changes....

so what do the figures in the chart actually mean? ie what sales are they actually based on?

thanks

[jongameson]

what's it showing?

that my block erupter cube will be cheaper as time goes by? 

[keithers]

You can still trade and deposit (im assuming), you just cant withdraw (which is pretty important).

[max.]

How could a company that is not selling and buying bitcoins show a live price of bitcoin, this tell me that everything is a fantasy and a scam.

The price from mtgox is not real.

[Barek]

You realize that exchanges do not buy and sell bitcoins, right? They match buy and sell orders.

The fluctuations right now are based on differences of opinion from people on whether or not BTC can be withdrawn on Monday.

[giszmo]

The chart shows how much people value the MtGox non-redeemable BTC tokens expressed in MtGox non-redeemable USD tokens.

While before people were rushing to BTC on gox as these were redeemable, maybe they rush now to USD as these are more likely to be enforceable in a court of law.