The lag was 40+ minutes at one point, which is why I believe that explanation of a coordinated DDOS attack has merit. Is it bad that bitcoin can be manipulated so easily? Of course, but it's also good that there wasn't a sudden loss of confidence by the whole bitcoin community. In fact, that explanation doesn't make sense, since there was no news to trigger -- no hard fork, no new regulation, etc. Why would everybody suddenly and randomly lose confidence in bitcoin? Also keep in mind that the attackers did this in order to buy low with the full expectation that bitcoin will increase in price. So I'm not worried about it. We should be back around $250 in a few days.