Goxed

MtGox took a nose dive today and went off line. The BTC price fell from over $1,000.00 USD to the low $800.00s. This effected the price of most alt coins in a very negative way, as of this writing gox is still down with no official report of what is happening.

Baidu the Chinese version of google apparently has suspended bitcoin transactions with the news of China based banks not aloud to trade in bitcoins. This with the MtGox site malfunction could play out for a very volatile day.

Be careful trading, there is a log of money to be made but a lot to be lost as well.