BTC Price Question | Bitcointalksearch.org

calkob

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Quote from: viking02 on January 22, 2017, 11:23:50 PM

What is the actual btc price? Is there a standard site that uses the btc price? I read some ppl use the google rate. Others use coinbase... kraken, bitstamp etc. I notice the price for bitstamp for bitcoin seems to be the lowest.

If thats the case, couldn't someone buy on an exchange or site for higher price then sell it on exchange for lower price? I believe this is arbitrage. But i assume this isn't possible due to bitcoin price moving so fast by the minute? Or are the fees a bit too much for this? Example if you could sell bitcoin for $600 on a site... but another site offers $605, obviously you sell on the 2nd site assuming the selling fees are the same etc.

Bitcoinaverage uses all the sites together to give you an idea of the average price across the whole bitcoin exchange network. i use it all the time and i actually think that bitsquare use it also.

whizter

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Quote from: dearbesz1219 on March 16, 2017, 11:20:37 AM

Quote from: viking02 on January 22, 2017, 11:23:50 PM

What is the actual btc price? Is there a standard site that uses the btc price? I read some ppl use the google rate. Others use coinbase... kraken, bitstamp etc. I notice the price for bitstamp for bitcoin seems to be the lowest.

If thats the case, couldn't someone buy on an exchange or site for higher price then sell it on exchange for lower price? I believe this is arbitrage. But i assume this isn't possible due to bitcoin price moving so fast by the minute? Or are the fees a bit too much for this? Example if you could sell bitcoin for $600 on a site... but another site offers $605, obviously you sell on the 2nd site assuming the selling fees are the same etc.

Each exchange had their owned bitcoin price value, this will depend on the huge volume they had. Meaning, you wouldn't see any exchange that has the same exact price,.there are some higher and some are lower something like that.

in most most the time the exchanges rate is so much different, even there is a big difference in the price of bitcoin in different exchanges.

ArnoldChippy

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Quote from: dearbesz1219 on March 16, 2017, 11:20:37 AM

Quote from: viking02 on January 22, 2017, 11:23:50 PM

What is the actual btc price? Is there a standard site that uses the btc price? I read some ppl use the google rate. Others use coinbase... kraken, bitstamp etc. I notice the price for bitstamp for bitcoin seems to be the lowest.

If thats the case, couldn't someone buy on an exchange or site for higher price then sell it on exchange for lower price? I believe this is arbitrage. But i assume this isn't possible due to bitcoin price moving so fast by the minute? Or are the fees a bit too much for this? Example if you could sell bitcoin for $600 on a site... but another site offers $605, obviously you sell on the 2nd site assuming the selling fees are the same etc.

Each exchange had their owned bitcoin price value, this will depend on the huge volume they had. Meaning, you wouldn't see any exchange that has the same exact price,.there are some higher and some are lower something like that.

but still we can expect a very little difference in difference exchanges, otherwise most of the their price remain the same.

aardvark15

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Quote from: JeffBrad12 on February 17, 2017, 05:14:25 AM

Quote from: Zadicar on February 16, 2017, 10:03:24 PM

Quote from: BrewMaster on February 16, 2017, 08:54:38 AM

Quote from: Zadicar on February 16, 2017, 07:16:09 AM

Quote from: JeffBrad12 on February 15, 2017, 07:22:28 PM

Quote from: talkbitcoin on February 05, 2017, 06:26:46 AM

Quote from: ImHash on February 05, 2017, 05:47:49 AM

What kind of idiot would buy high to sell low? calculate the electricity cost for mining each bitcoin and add %30 to that estimated cost and you have your price. Less electricity cost more profit.

only newbie traders who panic with different news and FUD, buy high and sell low. and you know that whenever it comes to trading, someone has to lose in order for the rest of the traders to win and make profit. there is just no other way.

Especially for those newbies are watching the trollbox at the same time, Does it give a lot of the panic feels for the newbies? Yeah most of them will selling caused by FUD from someone else. Roll Eyes

Thats why we should not always trust on those person who are on the troll box which always says about the chills about bitcoin price and other price of other alts. Panic selling will surely arise specially to those newbies and they do believe and fall easily. Price of bitcoin is not predictable thats why make it hard to trade with it.

the name is perfect: "Troll Box"
that should be enough indication for anybody to know what is happening in there. everybody just trolling there, hyping or creating panic to get their own orders filled. although you may find some rare good information on there too.

and to be honest i dislike the idea of even having a chat option on an exchange! that is one of the reasons why i like bittrex more, they don't have these types of foolishness.

I dont know why they call it as Trollbox but still a good way to communicate with other traders and the thing you should be wary that those informations you read on that box isnt believable anytime most of them are just fuds or wrong informations not all since there are still some legit announcements from other people either devs/people related to the coin.

But the newbies are not familiar with it. I just think if FUD was including on the black campaign with spreading misinformation for everyone else. That's very bad in my mind.

Sometimes the troll boxes can provide good answers if you ask a question, but you can't really trust what is said about the price of Bitcoin or other cryptocurrencies because some people are just promoting their coin or protecting their investments.

dearbesz1219

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Quote from: viking02 on January 22, 2017, 11:23:50 PM

What is the actual btc price? Is there a standard site that uses the btc price? I read some ppl use the google rate. Others use coinbase... kraken, bitstamp etc. I notice the price for bitstamp for bitcoin seems to be the lowest.

If thats the case, couldn't someone buy on an exchange or site for higher price then sell it on exchange for lower price? I believe this is arbitrage. But i assume this isn't possible due to bitcoin price moving so fast by the minute? Or are the fees a bit too much for this? Example if you could sell bitcoin for $600 on a site... but another site offers $605, obviously you sell on the 2nd site assuming the selling fees are the same etc.

Each exchange had their owned bitcoin price value, this will depend on the huge volume they had. Meaning, you wouldn't see any exchange that has the same exact price,.there are some higher and some are lower something like that.

JeffBrad12

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Quote from: Zadicar on February 16, 2017, 10:03:24 PM

Quote from: BrewMaster on February 16, 2017, 08:54:38 AM

Quote from: Zadicar on February 16, 2017, 07:16:09 AM

Quote from: JeffBrad12 on February 15, 2017, 07:22:28 PM

Quote from: talkbitcoin on February 05, 2017, 06:26:46 AM

Quote from: ImHash on February 05, 2017, 05:47:49 AM

What kind of idiot would buy high to sell low? calculate the electricity cost for mining each bitcoin and add %30 to that estimated cost and you have your price. Less electricity cost more profit.

only newbie traders who panic with different news and FUD, buy high and sell low. and you know that whenever it comes to trading, someone has to lose in order for the rest of the traders to win and make profit. there is just no other way.

Especially for those newbies are watching the trollbox at the same time, Does it give a lot of the panic feels for the newbies? Yeah most of them will selling caused by FUD from someone else. Roll Eyes

Thats why we should not always trust on those person who are on the troll box which always says about the chills about bitcoin price and other price of other alts. Panic selling will surely arise specially to those newbies and they do believe and fall easily. Price of bitcoin is not predictable thats why make it hard to trade with it.

the name is perfect: "Troll Box"
that should be enough indication for anybody to know what is happening in there. everybody just trolling there, hyping or creating panic to get their own orders filled. although you may find some rare good information on there too.

and to be honest i dislike the idea of even having a chat option on an exchange! that is one of the reasons why i like bittrex more, they don't have these types of foolishness.

I dont know why they call it as Trollbox but still a good way to communicate with other traders and the thing you should be wary that those informations you read on that box isnt believable anytime most of them are just fuds or wrong informations not all since there are still some legit announcements from other people either devs/people related to the coin.

But the newbies are not familiar with it. I just think if FUD was including on the black campaign with spreading misinformation for everyone else. That's very bad in my mind.

iram3130

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As Bitcoin is Decentralized, there is no one particular company or organization which decides the price of the Bitcoin. Therefore every exchange site is making its own price based on the demand and supply. Roll Eyes

coynedterm

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Quote from: viking02 on January 22, 2017, 11:23:50 PM

What is the actual btc price? Is there a standard site that uses the btc price? I read some ppl use the google rate. Others use coinbase... kraken, bitstamp etc. I notice the price for bitstamp for bitcoin seems to be the lowest.

If thats the case, couldn't someone buy on an exchange or site for higher price then sell it on exchange for lower price? I believe this is arbitrage. But i assume this isn't possible due to bitcoin price moving so fast by the minute? Or are the fees a bit too much for this? Example if you could sell bitcoin for $600 on a site... but another site offers $605, obviously you sell on the 2nd site assuming the selling fees are the same etc.

Actually no one has placed or marked for the actual price of bitcoin . But If you will see the history then you will found the price of the bitcoin reached to the maximum of about $1200/btc .
But it may be possible that in the future it may be possible it cross this price also .
Second thing the price in the different exchange sometimes comes at much difference , it is due To only the demand of bitcoin at that exchange , which is similar to the altcoin price in different exchange is different .
And Here no doubt that most of the people who are bitcoin trader are making money from these types of differences in the price in different different exchange .

Slark

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There is nothing like ideal and true bitcoin price. Unlike fiat which is centrally controlled and kept 'in place' by central banks by manipalting inflation and interest rates.
No central authority stands behind bitcoin dictating the prices. So to determine 'ideal' price of bitcoin just use price from the major exchanges: Bitfinex, Kraken, Coinbase etc.
Be wary about Chinese exchanges, price there is often manipulated and can't be taken seriously.

Zadicar

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Quote from: BrewMaster on February 16, 2017, 08:54:38 AM

Quote from: Zadicar on February 16, 2017, 07:16:09 AM

Quote from: JeffBrad12 on February 15, 2017, 07:22:28 PM

Quote from: talkbitcoin on February 05, 2017, 06:26:46 AM

Quote from: ImHash on February 05, 2017, 05:47:49 AM

What kind of idiot would buy high to sell low? calculate the electricity cost for mining each bitcoin and add %30 to that estimated cost and you have your price. Less electricity cost more profit.

only newbie traders who panic with different news and FUD, buy high and sell low. and you know that whenever it comes to trading, someone has to lose in order for the rest of the traders to win and make profit. there is just no other way.

Especially for those newbies are watching the trollbox at the same time, Does it give a lot of the panic feels for the newbies? Yeah most of them will selling caused by FUD from someone else. Roll Eyes

Thats why we should not always trust on those person who are on the troll box which always says about the chills about bitcoin price and other price of other alts. Panic selling will surely arise specially to those newbies and they do believe and fall easily. Price of bitcoin is not predictable thats why make it hard to trade with it.

the name is perfect: "Troll Box"
that should be enough indication for anybody to know what is happening in there. everybody just trolling there, hyping or creating panic to get their own orders filled. although you may find some rare good information on there too.

and to be honest i dislike the idea of even having a chat option on an exchange! that is one of the reasons why i like bittrex more, they don't have these types of foolishness.

I dont know why they call it as Trollbox but still a good way to communicate with other traders and the thing you should be wary that those informations you read on that box isnt believable anytime most of them are just fuds or wrong informations not all since there are still some legit announcements from other people either devs/people related to the coin.

googlebtc

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if you need to see the price of bitcoin you can see here https://markets.blockchain.info/
but to convert you can use this https://tools.bitcoin.com/

I think every trading sites have different prices Grin

BrewMaster

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Quote from: Zadicar on February 16, 2017, 07:16:09 AM

Quote from: JeffBrad12 on February 15, 2017, 07:22:28 PM

Quote from: talkbitcoin on February 05, 2017, 06:26:46 AM

Quote from: ImHash on February 05, 2017, 05:47:49 AM

What kind of idiot would buy high to sell low? calculate the electricity cost for mining each bitcoin and add %30 to that estimated cost and you have your price. Less electricity cost more profit.

only newbie traders who panic with different news and FUD, buy high and sell low. and you know that whenever it comes to trading, someone has to lose in order for the rest of the traders to win and make profit. there is just no other way.

Especially for those newbies are watching the trollbox at the same time, Does it give a lot of the panic feels for the newbies? Yeah most of them will selling caused by FUD from someone else. Roll Eyes

Thats why we should not always trust on those person who are on the troll box which always says about the chills about bitcoin price and other price of other alts. Panic selling will surely arise specially to those newbies and they do believe and fall easily. Price of bitcoin is not predictable thats why make it hard to trade with it.

the name is perfect: "Troll Box"
that should be enough indication for anybody to know what is happening in there. everybody just trolling there, hyping or creating panic to get their own orders filled. although you may find some rare good information on there too.

and to be honest i dislike the idea of even having a chat option on an exchange! that is one of the reasons why i like bittrex more, they don't have these types of foolishness.

Zadicar

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Quote from: JeffBrad12 on February 15, 2017, 07:22:28 PM

Quote from: talkbitcoin on February 05, 2017, 06:26:46 AM

Quote from: ImHash on February 05, 2017, 05:47:49 AM

What kind of idiot would buy high to sell low? calculate the electricity cost for mining each bitcoin and add %30 to that estimated cost and you have your price. Less electricity cost more profit.

only newbie traders who panic with different news and FUD, buy high and sell low. and you know that whenever it comes to trading, someone has to lose in order for the rest of the traders to win and make profit. there is just no other way.

Especially for those newbies are watching the trollbox at the same time, Does it give a lot of the panic feels for the newbies? Yeah most of them will selling caused by FUD from someone else. Roll Eyes

Thats why we should not always trust on those person who are on the troll box which always says about the chills about bitcoin price and other price of other alts. Panic selling will surely arise specially to those newbies and they do believe and fall easily. Price of bitcoin is not predictable thats why make it hard to trade with it.

JeffBrad12

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Quote from: talkbitcoin on February 05, 2017, 06:26:46 AM

Quote from: ImHash on February 05, 2017, 05:47:49 AM

What kind of idiot would buy high to sell low? calculate the electricity cost for mining each bitcoin and add %30 to that estimated cost and you have your price. Less electricity cost more profit.

only newbie traders who panic with different news and FUD, buy high and sell low. and you know that whenever it comes to trading, someone has to lose in order for the rest of the traders to win and make profit. there is just no other way.

Especially for those newbies are watching the trollbox at the same time, Does it give a lot of the panic feels for the newbies? Yeah most of them will selling caused by FUD from someone else. Roll Eyes

zzTAz

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i use https://bitcoinaverage.com/en/bitcoin-price/btc-to-usd for the price ^^

blackhawkeye1912

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Quote from: viking02 on January 22, 2017, 11:23:50 PM

What is the actual btc price? Is there a standard site that uses the btc price? I read some ppl use the google rate. Others use coinbase... kraken, bitstamp etc. I notice the price for bitstamp for bitcoin seems to be the lowest.

If thats the case, couldn't someone buy on an exchange or site for higher price then sell it on exchange for lower price? I believe this is arbitrage. But i assume this isn't possible due to bitcoin price moving so fast by the minute? Or are the fees a bit too much for this? Example if you could sell bitcoin for $600 on a site... but another site offers $605, obviously you sell on the 2nd site assuming the selling fees are the same etc.

Of course No, as you can see in bitcoin industry, none of the exchange sites are having the same price with bitcoin, this will depend on the volume they get in the market, this was I think of it. Therefore Bitcoin is very anonymous and the price most often change form time to time.

virasog

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Quote from: ImHash on February 05, 2017, 05:47:49 AM

What kind of idiot would buy high to sell low? calculate the electricity cost for mining each bitcoin and add %30 to that estimated cost and you have your price. Less electricity cost more profit.

You know what yes it is an idiot move if you buy high now and you sell it now in low price it is just a waste of money, but I guess you buy bitcoin now in high price it is okay and you sell it in the future in low amount you make profit on that, like you bought 1 btc in 1000$ and in the future you the value is $1500 since you bought it in $1000 I guess it is not bad if you sell it in just $1300 lower and cheaper.

talkbitcoin

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Quote from: ImHash on February 05, 2017, 05:47:49 AM

What kind of idiot would buy high to sell low? calculate the electricity cost for mining each bitcoin and add %30 to that estimated cost and you have your price. Less electricity cost more profit.

only newbie traders who panic with different news and FUD, buy high and sell low. and you know that whenever it comes to trading, someone has to lose in order for the rest of the traders to win and make profit. there is just no other way.

ImHash

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What kind of idiot would buy high to sell low? calculate the electricity cost for mining each bitcoin and add %30 to that estimated cost and you have your price. Less electricity cost more profit.

shield132

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Well, there isn't actual bitcoin price but I mostly use price which is in google. In reality there is no big difference in them, only some dollars and that's normal because while it's decentralyzed, there is no way of actual price. See real currencies like dollar, euro, they are controlled by goverment and big players. Bitcoin isn't fully decentralized but every user plays main role and to my mind that's reason of no actual price.

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