haven't read the replies, so sorry if someone has already explained this.
the major difference in BTC prices is due to some exchanges have BTC prices against FIAT USD while some other exchanges price it against USDT. and UDST is not an exact 1 Fiat USD. so if you exchange USDT to USD to BTC the price difference will be much less than how it looks to you.
but still almost everything on planet earth is priced differently on different places, but usually the cost of buying at place x to sell at place y is higher than x-y / y-x price, but there are still some chances of arbitrage.
when you travel to a country and try to exchange USD to that local currency, you will find slightly different exchange prices even on the same street.
Topic: What's the real price? - page 3. (Read 1047 times)
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. And BTC at $3,674 on preev (http://preev.com/)
Which one is the most reliable? An average of the prices?
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 also think the more appropriate price is the price required for mine. The price at the exchange is just the people's own choice and can be any price at any time. Like the ICO's softcap. By not considering the ICO price, when coin is listed in any exchange, majority direct the price how they want. 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.
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?
Just check on the trading sites where you want to trade, pretty sure different trading sites has slight price difference also. And BTC at $3,674 on preev (http://preev.com/)
Which one is the most reliable? An average of the prices?
Between the two, I use http://preev.com just to monitor, it's not a heavy site, so it's suitable for my slow internet connection.
why are you confused by the difference in the price of bitcoin?
the price of bitcoin can indeed be different on each exchanger, because there is no benchmark that the price of bitcoin must be the same on every exchanger. because the price on the exchanger depends on the offers and requests of the traders.
the price of bitcoin can indeed be different on each exchanger, because there is no benchmark that the price of bitcoin must be the same on every exchanger. because the price on the exchanger depends on the offers and requests of the traders.
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?
You have to know that there will always be either small or big differences on the price of any exchanges because exchanges have their own trading volumes, so there's is really no exact price for Bitcoin, so you should only rely on the exchanges you are using to exchange your Bitcoin to fiat currency. About websites that shows live prices of cryptocurrencies (like what you stated above), there are also difference on the price because some might collecting data on some exchanges and some might not, so there will always be a difference on their live crypto prices because they all don't have the same data sources. And BTC at $3,674 on preev (http://preev.com/)
Which one is the most reliable? An average of the prices?
First, we must determine in relation to what to calculate the price of Bitcoin. The price can be determined in other currencies, gold, diamonds and probably in many other things.
I am waiting for a moment in the history of financial markets when everything else will be calculated in relation to Bitcoin! I believe that this moment will happen in a few years.
I am waiting for a moment in the history of financial markets when everything else will be calculated in relation to Bitcoin! I believe that this moment will happen in a few years.
Every site and exchange has a different bitcoin price pal.. And no one can determine or say which is reliable and have an exact or real price of bitcoin. because it doesn't matter, trader and hodler nowadays are focusing on the graph just to avoid everything risky.
However Check this site as well and make comparison if you're seeking more site to check btc price here.
However Check this site as well and make comparison if you're seeking more site to check btc price here.
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?
Just check on the trading sites where you want to trade, pretty sure different trading sites has slight price difference also. And BTC at $3,674 on preev (http://preev.com/)
Which one is the most reliable? An average of the prices?
Between the two, I use http://preev.com just to monitor, it's not a heavy site, so it's suitable for my slow internet connection.
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?
And BTC at $3,674 on preev (http://preev.com/)
Which one is the most reliable? An average of the prices?
Every exchanger sometimes have different bitcoin price. I think i am prefer choosing price in exchanger because its more liquid rather than average price. Its good using average price when we make analysis but when we want buying or selling, better see price in exchanger
the price for each website is different, nothing is accurate because indeed each bitcoin seller and buyer has a different number of offers and requests
this condition actually encourages someone to arbitrate
but basically is, the difference in BTC prices between platforms with each other is never more than 2%, even if there is more than 2%, chances are the transaction volume is certainly not balanced
so suppose the average BTC price when this thread you created is 3.7k USD
this condition actually encourages someone to arbitrate
but basically is, the difference in BTC prices between platforms with each other is never more than 2%, even if there is more than 2%, chances are the transaction volume is certainly not balanced
so suppose the average BTC price when this thread you created is 3.7k USD
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?
every day the price is always moving, making it a low price opportunity to buy. always monitor price movements so you know the lowest price. once again the price can be relied upon when the lowest price then waits until the price rises.And BTC at $3,674 on preev (http://preev.com/)
Which one is the most reliable? An average of the prices?
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?
every day the price is always moving, making it a low price opportunity to buy. always monitor price movements so you know the lowest price. once again the price can be relied upon when the lowest price then waits until the price rises. And BTC at $3,674 on preev (http://preev.com/)
Which one is the most reliable? An average of the prices?
The price has been hovering between $3,500 and $4,000.
The real price is the price you can sell your coins to. Bitcoin has good liquidity and if you don’t own a lot, you can easily sell your Bitcoins. That's why the real price is the market price.
Which one is the most reliable? An average of the prices?
Most reliable price on coinmarketcap also you can check on coinbase and google. All source are almost same price. Different wallet showing different price due to source API. Its depend on from where they are collecting price, I mean which exchange. You will not find same price on all exchange. There will be little bit different, its depend exchange volume. But I don't think so there will be much difference. But if you want to sell bitcoin for your own currency or USD from local wallet then its depend on them how they are following price. All local wallet will not give you same price. Some times price volatility depend on buy pressure and sell pressure. So All exchange will not same price and its not possible. So don't think too much about it. Just follow which exchange you are using.
The "real" price is whatever people are willing to buy and sell the bitcoin at.
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?
The real price is in the work or etc so that we should trust and believe in real price because price is real. And BTC at $3,674 on preev (http://preev.com/)
Which one is the most reliable? An average of the prices?
The price of Bitcoin depends on the exchanger where you are trading. Basically the price is not far difference from one exchanger to another. Coinmarketcap is the most reliable for knowing price of Bitcoin and altcoins. So it is the most reliable for you.
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?
And BTC at $3,674 on preev (http://preev.com/)
Which one is the most reliable? An average of the prices?
I think the most appropriate price we could tell is where the exchange has the most volume in it. In different exchange, the price of Bitcoin is being traded so the price is no the same.
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