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Topic: What's the real price? - page 2. (Read 1047 times)

copper member
Activity: 2968
Merit: 575
www.Crypto.Games: Multiple coins, multiple games
January 05, 2019, 03:24:09 AM
#56
I think that the Coinmarket site shows the real price for Bitcoin and it is precisely him that needs to be oriented
There is no such thing as real price for Bitcoin. It is a decentralized market/currency. Hence, there is no standard or any kind of organization that will determine the actual price of bitcoin. As far as I know, the price shown at coinmarket is just the average of the price of different well known exchange. Other places also determine the price using the average taken from different markets.
member
Activity: 798
Merit: 10
January 05, 2019, 03:09:33 AM
#55
How many cryptocurrency experts is there, so many answers to your question are.
In my opinion, the real price should be counted by how much enegry on average we need to mine 1 Bitcoin.
However, this also depending on the energy price in each country - so we will need to know avarage price of electricity in the world.

I think that real production cost. Every country have different cost because electricity tariff different in each country. If he mean is market price, better we looking on exchanger price. The problem is every exchanger have different price compare with others exchanger but the spread not too far.
newbie
Activity: 2
Merit: 0
January 05, 2019, 02:57:51 AM
#54
2019 won't be the year of BTC, don't want to be millionare this year. For 2019 BTC will bear and decrease more. If you want to see money from BTC you should buy now and then wait until the 20s.
full member
Activity: 1099
Merit: 116
January 04, 2019, 09:48:11 PM
#53
The price of Bitcoin changes frequently. The reliable source for Bitcoin price is coinmarketcap but it is the average rate of Bitcoin. It fully depends in which exchanger you trade. Suppose if trade in Binance, so you have to rely on Binance price of Bitcoin. The difference of price among exchangers isn't far.
jr. member
Activity: 165
Merit: 1
January 04, 2019, 09:15:45 PM
#52
Btc price are very volatile in diffrent platform on exchanges you will see a diffrent price of bitcoin. It has nothing to do with the real price of bitcoin as it depend on demand on bitcoin.
since every minute the price of bitcoin is not stable or as what you have said it is volatile that's what there is no such stable price for it besides maybe if all the coins will be mine then i guess that's the time bitcoin is very expensive/priceless.
full member
Activity: 346
Merit: 100
January 04, 2019, 08:11:15 PM
#51
Btc price are very volatile in diffrent platform on exchanges you will see a diffrent price of bitcoin. It has nothing to do with the real price of bitcoin as it depend on demand on bitcoin.
full member
Activity: 1498
Merit: 146
January 04, 2019, 07:21:41 PM
#50
Currently we have BTC at $ 3,730 on cryptocompare (https://www.cryptocompare.com/)
And BTC at $3,674 on preev (http://preev.com/)

Which one is the most reliable? An average of the prices?
People are concentrating only on the prices more than its technology so the bitcoin is still have an obstacle for being used as payment system since the prices are much volatile.One bitcoin is always one bitcoin and current value in USD is its real value.
hero member
Activity: 896
Merit: 630
January 04, 2019, 03:51:12 PM
#49
To see some slight difference between avarage values of BTC on exchange sites is not so important. Also, BTC price is very volatile and it causes an extra bias on avarage prices.
newbie
Activity: 94
Merit: 0
January 04, 2019, 03:48:29 PM
#48
1 Bitcoin is exactly worth 1 BTC

I like how you think.
sr. member
Activity: 952
Merit: 308
January 04, 2019, 12:56:45 PM
#47
Currently we have BTC at $ 3,730 on cryptocompare (https://www.cryptocompare.com/)
And BTC at $3,674 on preev (http://preev.com/)

Which one is the most reliable? An average of the prices?
Everything is true, because this is only the difference in statistical data received by both platforms. And this is fairness, although different certainly will not be different between the two.
full member
Activity: 382
Merit: 109
January 04, 2019, 12:54:15 PM
#46
Well I never know bitcoin have differences in price and if it does it depends on the exchange you are using, the price is decentralized will have to work with the cause of production which is the cost of mining e.g the cost of electricity which most times differs from country to county.


The price of the Bitcoin are less only compare to last year and it's differences in the price also and it's depends on the exchange using only and it's based on the cause of production in the mining for example it's differ upon the places and country to.
member
Activity: 952
Merit: 41
January 04, 2019, 12:44:31 PM
#45
Well I never know bitcoin have differences in price and if it does it depends on the exchange you are using, the price is decentralized will have to work with the cause of production which is the cost of mining e.g the cost of electricity which most times differs from country to county.
member
Activity: 560
Merit: 10
January 04, 2019, 12:33:27 PM
#44
The most reliable is actually the price you see at the exchange site you are using. Its normal to see slight changes in coin prices on various exchanges. So the actual price is what your exchange is offering.
full member
Activity: 616
Merit: 100
January 04, 2019, 08:46:36 AM
#43
every market have their own price, because of the demand and the stock on each every market. usually the big exchanger and market have the stable price because it change the price every timeS
sr. member
Activity: 686
Merit: 253
January 04, 2019, 08:36:39 AM
#42
Currently we have BTC at $ 3,730 on cryptocompare (https://www.cryptocompare.com/)
And BTC at $3,674 on preev (http://preev.com/)

Which one is the most reliable? An average of the prices?

I believe finding the average is the best way out here because many exchanges put out differing prices and its the reason why arbitrage investors make their money, some exchanges tend to reduce their price a little bit to attract investors and so in order to look competitive we will not have a fixed price of bitcoin so just average them and have a fair idea.
jr. member
Activity: 238
Merit: 1
January 04, 2019, 06:43:26 AM
#41
I think that the Coinmarket site shows the real price for Bitcoin and it is precisely him that needs to be oriented
sr. member
Activity: 1428
Merit: 251
January 04, 2019, 06:42:28 AM
#40
Currently we have BTC at $ 3,730 on cryptocompare (https://www.cryptocompare.com/)
And BTC at $3,674 on preev (http://preev.com/)

Which one is the most reliable? An average of the prices?

I think that website make average from exchanger and every exchanger have different price. I think better believe the price on our exchanger we use. But i think mostly if we take average price on every exchanger, the price close enough with price on coinmarketcap website
jr. member
Activity: 106
Merit: 1
January 04, 2019, 04:40:45 AM
#39
Its normal to have price difference on various exchanges platform! Is now left for the trader to chose which platform he or she is comfortable to trade! Price variations must just happen!
member
Activity: 588
Merit: 11
January 04, 2019, 04:13:14 AM
#38
1 Bitcoin is exactly worth 1 BTC

I like it. Simple sharp and meaningful. Summarising the whole content of bitcoin equivalent value 1:1
full member
Activity: 1330
Merit: 147
January 03, 2019, 09:12:02 PM
#37
Currently we have BTC at $ 3,730 on cryptocompare (https://www.cryptocompare.com/)
And BTC at $3,674 on preev (http://preev.com/)

Which one is the most reliable? An average of the prices?
It actually depends on the market.  Every minute or seconds  a lot of people trade on the market that's why bitcoin's price isn't stable or not the same in every moment of bitcoin's currency.
Which market? Each exchange site has a different volume, depending on a users who use the exchange. Maybe that's what makes the price of bitcoin different from one exchange and the other. Whereas if you look at the coinmarketcap the amount of the price is accumulated from the various exchanges, or the average of all exchange cryptocurrency.
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