Topic: Bitcoin Price (Read 1070 times)
Because morons think they will be summarily executed for daring to think about bitcoin. The only logical explanation is illogic.
Price depends upon traders how traders are going to trade and how much they are going to pay or how much they are going to sell. As you said MtGox is always 10% higher its not true it depends on market. Sometime Bitstamp and sometime BtcChina, recently if you look at www.796.com they are almost 10% higher then MtGox also which is HongKong market.
Thanks, but why bitcoin comes down after some gov news like bitcoin china wont allow it and then the price goes down in seconds in all exchangers, how do you explain that?
Bitcoin price is always affected by news...
i have heard that its not very possible to withdraw USD from Mtgox? whats their problem?
Yeah stay clear if I were you - I would say the price on gox is higher due to the inability to withdraw fiat effectively leading more people wanting to withdraw BTC.
Yes, historically mtgox has always been the exchange with the higher price until recently btcchina. I am not sure why btc-e is sometimes 5% other times 10% behind but I know that you can withdraw FIAT from btc-e. mtgox had problem with banks in the past, not sure what's the situation now. Finally, I doubt it's about volume as others said
A good estimate of Bitcoin's worth is the Coindesk Price Index that takes some exchanges into account. It might be extended to more exchanges to reflect a better image, i guess.
i have heard that its not very possible to withdraw USD from Mtgox? whats their problem?
It's a fair question, and one that I always wonder myself. I mean, why do we follow Gox and China so militantly in exchanges like BTC-E? Well one of the keys to the answer is volume. Gox and the main Chinese exchanges have a lot more trade volume, so prices move faster.
I also think that a lot of the big players trade within those exchanges, so they have bigger bearing on the market.
The price difference varies drastically, sometimes it can be $200 difference, sometimes they are parity, but rarely is Gox below BTC-E and Bitstamp.
I also think that a lot of the big players trade within those exchanges, so they have bigger bearing on the market.
The price difference varies drastically, sometimes it can be $200 difference, sometimes they are parity, but rarely is Gox below BTC-E and Bitstamp.
Price depends upon traders how traders are going to trade and how much they are going to pay or how much they are going to sell. As you said MtGox is always 10% higher its not true it depends on market. Sometime Bitstamp and sometime BtcChina, recently if you look at www.796.com they are almost 10% higher then MtGox also which is HongKong market.
Dear forum members and the bitcoin community, I would like to know and ask one thing related to the bitcoin price and the bitcoin exchangers like MTGox, BTC-E and Bitstamp.
Could someone explain me from where the bitcoin marketplaces like BTC-E and Bitstamp take their rates, for example the rate on MTGox is always for 10% higher than on BTC-E and Bitstamp is for 10% lower.
The MTGox rate is always very close to http://bitcoincharts.com/ which is undertanable.
What makes the rate and who manages the rate on other exchangers than MTGox?
Thank you
Could someone explain me from where the bitcoin marketplaces like BTC-E and Bitstamp take their rates, for example the rate on MTGox is always for 10% higher than on BTC-E and Bitstamp is for 10% lower.
The MTGox rate is always very close to http://bitcoincharts.com/ which is undertanable.
What makes the rate and who manages the rate on other exchangers than MTGox?
Thank you
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