Author

Topic: 20,276,703 USD or 22,529,670 EUR (Read 1480 times)

sr. member
Activity: 280
Merit: 252
May 04, 2011, 03:47:57 PM
#6
That can be found at bitcoinwatch.
I don't get it.
Google says 1 EUR = 1,4809 USD
Can anyone explain me this?
I just had a look and it looks like it's based on the last Euro exchange at 3.7 on bitmarketEUR. It's technically the correct way to go about it, but of course you have to take it with a grain of salt considering total volume was 25 Euro for the past 24 hours on that market. Not sure where gold comes from, that one looks a bit odd.

The gold is probably from bitcoin market pecunix. If all the exchanges had lots of volume people would arbitrage and bring it close, but some have very few trades.

Exactly.

The markets are too stagnant right now to eat up these small differences.

Sooner or later somebody will write a bot that equalizes the markets and slowly extracts money from them at the same time. Don't worry!
legendary
Activity: 1372
Merit: 1002
May 04, 2011, 09:59:42 AM
#5
Thank you, guys. It just didn't make any sense to me.
legendary
Activity: 1246
Merit: 1016
Strength in numbers
May 04, 2011, 08:52:41 AM
#4
That can be found at bitcoinwatch.
I don't get it.
Google says 1 EUR = 1,4809 USD
Can anyone explain me this?
I just had a look and it looks like it's based on the last Euro exchange at 3.7 on bitmarketEUR. It's technically the correct way to go about it, but of course you have to take it with a grain of salt considering total volume was 25 Euro for the past 24 hours on that market. Not sure where gold comes from, that one looks a bit odd.

The gold is probably from bitcoin market pecunix. If all the exchanges had lots of volume people would arbitrage and bring it close, but some have very few trades.
full member
Activity: 294
Merit: 100
May 04, 2011, 05:33:38 AM
#3
That can be found at bitcoinwatch.
I don't get it.
Google says 1 EUR = 1,4809 USD
Can anyone explain me this?
I just had a look and it looks like it's based on the last Euro exchange at 3.7 on bitmarketEUR. It's technically the correct way to go about it, but of course you have to take it with a grain of salt considering total volume was 25 Euro for the past 24 hours on that market. Not sure where gold comes from, that one looks a bit odd.
hero member
Activity: 609
Merit: 501
peace
May 04, 2011, 05:18:19 AM
#2
The rates seem wrong indeed.
USD / Ounce of Gold is way off as well-
legendary
Activity: 1372
Merit: 1002
May 04, 2011, 05:01:09 AM
#1
That can be found at bitcoinwatch.
I don't get it.
Google says 1 EUR = 1,4809 USD
Can anyone explain me this?
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