Topic: Fair selling price? (Read 745 times)
I would typically go by the 24 weighted average because something is only worth what you can sell it for.
I use the current highest bid, as something is only worth what you can sell it for.
We have all wondered about what is a fair price to sell something in bitcoin. Recently I have used to formula 1x current, 3x daily weighted average by volume and 1x 7 day weighted average by volume.
Does this seem like the most fair way to find the current value of exchange? Can this be improved upon? If so why?
Thank you!
Does this seem like the most fair way to find the current value of exchange? Can this be improved upon? If so why?
Thank you!
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