However in this instance I think we could see negative repercussions of the Dwolla/mtgox episode rumble on for some time yet.
Its clear that the dwolla mtgox episode will affect the market for some time, but I'm curious what makes you think it will be negative? In the short term, I believe it will push the price up and in the long term provide a new price discovery mechanism (at the moment unknown what exactly that will be) along with much needed diversity on the exchanges.
mtgoxUSD 0.11919918 5,092,881
bitstampUSD 0.11399 774,256
btceUSD 0.109 542,282
cbxUSD 0.10955 124,859
These are the bid prices with volumes.
As dominant as the mtgox market is whilst people used to being able to use Dwolla to get USD in and out can only move money from mtgox in Bitcoin I'm not looking at the current mtgox price as reflective of current supply & demand. I know this thread is about the mtgox walls but the excitement in the last page or so about price 'breakouts' etc. whilst the other exchanges are nowhere near seems short sighted. I'm simply not trusting the price to give me an impression of sentiment.
One of the service providers was talking about the long process of getting both their bitcoin and dollars out of mtgox and with things as they are it is obvious that arbitrage is simply not happening. Of course money off of gox trading by other exchanges or otc etc. is good but for now I don't believe we have an operational 'price discovery mechanism' so I don't know what the price 'should be'. My algorithm, that used by bitpay and mine all come to quite different figures at the moment.
All I'm suggesting is that we don't get carried away by the fact gox is going up right now. The movement might not be telling you what you think it is!
