Yes, there is manipulation of the price via DDoS. MtGox has said so. But the exchange rate would still be highly volatile and momentum-based without that manipu

Yes, there is manipulation of the price via DDoS. MtGox has said so. But the exchange rate would still be highly volatile and momentum-based without that manipulation. Almost all of the current exchange rate is speculation, not intrinsic value. It is the first successful cryptocurrency, and no one knows what's going to happen.