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Topic: Real bitcoin market value after Mt. Gox - page 2. (Read 2089 times)

sr. member
Activity: 364
Merit: 257
February 28, 2014, 01:13:51 AM
#9
yes we do - look at the price of exchanges where the real bitcoins are located

Those prices are references to Mt. Gox,  whopever would trade out of Mt. Gox would take their value as a reference.

What are you talking about? How are they "references to Mt. Gox"?

Gox is over. Kaput. Finito. It is now impossible to reference Gox in any way other than "the exchange that failed". There is no Gox exchange rate.

The market where people buy and sell bitcoins most certainly still exists. There are plenty of centralized exchanges still functioning as well as a few various other types of exchange (localbitcoins, OTR, FTF).

Gox is over, but the market continued from there. The reference values were already set, if i'm going to sell dollars out of Wallstreet i will not consider offer and demand where i'm going to sell it, i will ask for the Wallstreet price. Buyers will also consider fair the reference of Wallstreet. If Wallstreet was over today ou of nothing, one would still get their as a reference tomorrow.
newbie
Activity: 42
Merit: 0
February 28, 2014, 01:05:37 AM
#7
u wot mate?
sr. member
Activity: 364
Merit: 257
February 28, 2014, 01:05:29 AM
#6
How much are people willing to sell for vs how much people are willing to pay = market price.
If people are willing to buy and sell at this price then that is the value.

Yes, but while it is the market value it is based on a fiction, can't be considered the real price ( a price developed due to real market conditions ). There was huge fictional buying and selling according to Mark's interests. It is in no way the real price.
legendary
Activity: 1708
Merit: 1006
February 28, 2014, 01:04:32 AM
#5
The current value may be considered the market value as it is being sustained for now, but it is not the real market value. It is fake, referenced by a Mt. Gox fiction.

Mt. Gox had most of the transactions, value was defined by supposed offer and demand over there.

However Mt. Gox was a fraud, a ponzi and due to the previous two characteristics: a fictional market.

We don't have any idea of the real market value.


The real market value is the the mix of bitstamp and btc-e now , people pay so thats the value .
sr. member
Activity: 364
Merit: 257
February 28, 2014, 01:03:47 AM
#4
yes we do - look at the price of exchanges where the real bitcoins are located

Those prices are references to Mt. Gox,  whoever would trade out of Mt. Gox would take their value as a reference.
full member
Activity: 147
Merit: 100
Realbitcoin.info
February 28, 2014, 01:03:27 AM
#3
How much are people willing to sell for vs how much people are willing to pay = market price.
If people are willing to buy and sell at this price then that is the value.
hero member
Activity: 602
Merit: 500
February 28, 2014, 01:00:58 AM
#2
yes we do - look at the price of exchanges where the real bitcoins are located
sr. member
Activity: 364
Merit: 257
February 28, 2014, 12:58:01 AM
#1
The current value on the exchanges may be considered the market value as it is being sustained for now, but it is not the real market value. It is fake, referenced by a Mt. Gox fiction.

Mt. Gox had most of the transactions, value was defined by supposed offer and demand over there.

However Mt. Gox was a fraud, a ponzi and due to the previous two characteristics: a fictional market.

We don't have any idea of the real market value.
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